Originally Posted by
Beagle
I think so but sentiment is a funny thing mate and often the correction goes on deeper and longer than one would like.
I really do believe some people are letting this potential housing correction and extra cost of construction thing in Auckland get the better of them.
Barfoot and Thompson provide monthly price stat's by suburb in Auckland. People should DYOR and have a look at how prices have moved in Ellerslie, Hobsonsille, Warkworth, Karaka and the new proposed village area's of Parnell and St John's over the last three years. By looking into that people might gain an understanding of the degree of latitude the company has regarding setting its pricing and the degree of accommodation there is with those vastly increased prices to accommodate increased construction costs.
Consider also the fact that there's no let-up whatsoever in immigration, (another record this week at just on 72,000), and then consider Labour's shocking poll result last week, (what chance have they really got of getting into power in September), maybe, just maybe, people who take the time to do their own research and thinking might get a few very valuable insights.