Land sales: Is the glass half full?

The un­af­ford­able can sud­denly be­come the af­ford­able

Real Estate Outlook - - Sections & Showhomes -

Lately there has been a lot of press re­gard­ing the de­clin­ing state of the real es­tate mar­ket. Such fac­tors as the United States ‘credit crunch’, the fail­ure of sev­eral large fi­nance com­pa­nies here, and pres­sure from in­ter­est rate rises have ei­ther di­rectly or in­di­rectly put pres­sure on house­hold dis­cre­tionary in­comes. While it seems ev­i­dent that the mar­ket is turn­ing over at a slower rate than say a year ago, there has been an in­crease in the num­ber of prop­er­ties for sale. Buy­ers now have more choice, and sell­ers have more com­pe­ti­tion. So, is the glass half empty? Rod­ney is a unique area, of­fer­ing choices of beau­ti­ful lifestyle liv­ing, and prox­im­ity to a fan­tas­tic se­lec­tion of beaches. In­creas­ing in­fra­struc­ture, com­mu­nity fa­cil­i­ties, and com­mer­cial growth, all help to un­der­pin the Rod­ney’s de­sir­abil­ity as a place to live. Glob­ally, coastal lo­ca­tions are most favoured, and it is hard to see this trend abat­ing. There­fore, it’s dif­fi­cult to see any mas­sive de­cline in the de­mand for prop­er­ties in this area, or any col­lapse of prop­erty val­ues. So, is the glass half full? At Sec­tions R Us we still have plenty of clients look­ing to buy land and build their dream home in this beau­ti­ful lo­ca­tion, so to us the glass is al­ways half full. When prices fall due to changes in mar­ket con­di­tions, new op­por­tu­ni­ties ap­pear. Per­haps the un­af­ford­able sud­denly be­comes af­ford­able. It is fair to say that in real es­tate, as long as you are buy­ing or sell­ing in the same mar­ket, val­ues don’t re­ally mat­ter. Why not call us to­day and dis­cuss how you can get the best out of the mar­ket right now. Sec­tions R US MREINZ, two great lo­ca­tions, Whanga­paraoa 09 428 2208, Kumeu 09 412 2506.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.