Auckland’s townhouse glut won't last. Consents are down 30% and the supply surplus will clear in 18 months. The window to lock in discounted, cashflow-neutral assets is closing fast. ⏳
@nzpropertyreview.bsky.social
@nzpropertyreview.bsky.socialAuckland’s townhouse glut won't last. Consents are down 30% and the supply surplus will clear in 18 months. The window to lock in discounted, cashflow-neutral assets is closing fast. ⏳
@nzpropertyreview.bsky.socialThe math is mathing again in Auckland. A $660k townhouse renting for $650/wk can now be cashflow-neutral on interest-only terms. 100% interest deductibility makes it self-sustaining. 🧮
@nzpropertyreview.bsky.socialPrice drop alert: Townhouses in South Auckland are trading 20% to 25% below peak. Units bought off-the-plan for $850k are selling for $650k. This is a massive buyer's market. 📉
@nzpropertyreview.bsky.socialAuckland's lower-quartile housing prices dropped 5.6% in just three months to $755k. Is the City of Sails finally becoming affordable for first-time buyers, or will rising rates wipe out the gains? ⛵