Does the media always tell the truth?

Like most of us, I try my best to stay up to date with the news, especially on the Auckland residential real estate market. The common theme we’re seeing of course, is the doom and gloom about how it has changed dramatically from a sellers’ market to a buyers’ market.

There is even advice from individuals who have no track record in property investing or selling on how “Tender” is now a more suitable method of sale than “Auction” in this market.

I do not share the same views.

My view is that not all real estate is created equal. Is the market less active compared to the peak of last year? The answer is yes. Have prices come down? Generally speaking, yes.

However, there are exceptions, and these are usually properties that are situated in a prime location with great amenities and top schools nearby. When presented well with an extensive marketing plan, such properties remain unmissable opportunities, hence why we recommend our clients in this market to invest in getting their house refurbished before listing their property for sale to achieve the best outcome possible.

In summary, I recommend that you take it with a grain of salt about what is being portrayed by the media about the Auckland property market. There will always be winners and losers and it takes a qualified agent with an extensive buyer database to achieve a premium outcome regardless of the market condition.

I can share many case studies of our past clients who have sold this year in a down market and have profited as handsomely as last year’s buoyant market. Get in touch with me today.