When buyers outnumber the sellers in any given area, it can lead to a housing supply shortage – which means anyone interested in buying New Zealand investment property has to make smart decisions in a tightening market.
The Horizon Housing Supply and Demand Survey, released on December 19 last year, took in responses from 1,860 New Zealanders, with a makeup proportionate to the results of the 2013 census. This makes it a fairly accurate cross-section of New Zealanders, rather than a group of people who are all in the same socio-economic bracket.
In this poll, it was discovered that while 5.9 per cent of us were in the 'definitely buy' camp for the coming year, only 4 per cent of Kiwis were in the 'definitely sell' category. This has been worked out as a shortfall of 29,900 homes sought by people that may not be found in the current market.
If these conditions come to fruition, it makes it all the more important to seek the right property investment advice. While real estate prices are still climbing in Auckland, tight supply means it can be difficult to find a property that suits your financial situation. That's where Goodlife can step in and be of service. We analyse your financial status, your goals – right down to where you are spending your money each week.
We can use this information and match it up with properties in your price range, helping you get on the way to financial independence.
Head of Trade Me Property Nigel Jefferies told the New Zealand Herald on January 22 that rental prices in NZ are remaining steady, so once you secure an investment property, you may be able to see consistent rental yields for the months to come. It's all a matter of getting a team together to help you get great results from your money.
Here's to your financial independence!
Daniel Carney
Authorised Financial Adviser / Investment Property Expert