richard

There are about 1500 propertys on TM between 300-400k all over the auckland area, your first home is just that, a first home. Its a step on the ladder, it might not be where you want to live for the rest of your life but better than renting and complaining that you can't afford that 900k house. When i brought my first house i sold all my toys, didn't go out parting like my mates, had flatmates (lots), worked around the house building and adding on improvements. I don't think the LVR have helped ether, and i hear through the grape vine that when they are removed all the new/first home buys will rush in and push the cost up even more. And my new CV has just arrived.

Just thought this would be a good read for some , check out the numbers. http://www.westpac.co.nz/rednews/property/going-up-growth-ensures-auckland-property-values-will-rise/?utm_source=outbrain&utm_medium=cpc&utm_campaign=rednews&utm_content=Why_Aukland_property_prices_are_sure_to_rise

my first introduction into cars was when i sneaked out of the house and went into town in my mates humber80. Beaumont st is where it all happened, old zephyrs mk1and2 with big ass V8's, cortinas,old holdens, CF bedford and Transits vans (you youngsters may have to google those). Diesel on the roads for burnouts, drag racing from traffic light to traffic light. Then move out to the burbs, all word of mouth, no cell phones txts or computers. You had to be in the know or know someone. AH the glory days.

how much did you end up shell out, if i may ask.

Does Hampton Downs still offer FREE entry to car clubs on our race weekends ( HRC meets )

i seen this one 2

i feel like im the only one here too.

Parallels

how much

Having spent most of my life in the building / construction industry I've seen some ups and downs ,close to 40yrs. The way we build houses now is way different now than even 20 years ago for a first home buyer , small things like multiple power point in each room , 2 or more bathrooms , internal garages, insulation etc, this plus compliance costs all push the price of building up. eg, last year I replaced the gutter around my house $1560, the cost to scaffold half (read 2 sides)of the house so the sub contractor was safe $2500 for one week. Its cost like this that keep house prices up because if it were cheaper to build than buy, why would anyone buy a second hand house. Lastly houses are not like second hand cars, they dont depreciate over time , there might be the odd hiccup every now and then but it will aways spring back plus some.

We need foreign investment , just look around at all the overseas companys that are here already, housing is no different. NZ can't live on dairy fats/solidies and tourism forever. I see employment , better places to live in . Ones that are warm and dry. A retired couple that sell their house and get a fist full of cash , how is that wrong.?

http://asia.nikkei.com/Features/Hong-Kong-Showdown/Hong-Kong-s-real-estate-market-could-be-heading-for-a-reckoning wheather i like it or not change is coming . Take a look at this article, note the size , price and how many condos/ unit in each building. this is what i mean when i say NZ looks like a bargain.

http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=11341097 and still more

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11341096 just to add some fuel

guess he's a prick

Lets look at the first post of this thread , property sold for $1.07 mil real estate agent makes money demo company makes money draughtsman makes money builders makes money sub trades makes money etc etc. why can't the owner make some money . people who own more than 1 property takes the risk. overseas people that buy lots of houses in AK/NZ must see some form of potential. Maybe house prices have been soooo under valued in NZ it looks like a bargain. Banks make a profit that go overseas even Mc Donalds make a profit that go overseas

What do you mean by this sentence.

Since 1995, wages have increased by around 75%. House prices have increased by around 175%. So people see buying and sell a house as a way to make money because their wages have been frozen to 2% or less. OR because the Reserve bank incresses % rates to control spending

every country has a city that is priced high, how else does the rest the that country get a balance of where it is,price wise.

for as long as i've been working i've had people tell me, buy a house best investment you'll eva make they said , can't loose they said. not all houses in AK are $1m , you can buy a house for under 400k. A lady at work pays $700 a week in rent because she needs to be in the IT place, close to the coffee shops ,wine bars,but not work. The next time your at the beach , try building a sand castle out of wet sand then dry sand , wet sand will get you higher with a smaller base and dry sand to get the same level of height you need a bigger base . base = land supply height = price wet sand = restrictive RMA

the only dip in the AK market will be in summer when we go to the beach for a swim, supply and demand rule, if more land was available prices would not rocket up, AK is shaped like an hour glass with harbours ether side , we ether go up or out . we'd have to build 50000 homes in one year to keep prices stable in AK, which i kind of find funny as there is barely enough tradesmen to cope with whats going on now.

the drunk and the pissst car may now be gone but you might end up with a 4-6 story building with 4 units on each level , each listening to their own style of music ,all fighting for a carpark in the street, And one day you'll wake up and the sun will still be behind the concrete tower block or you'll be out the back having a BBq 3'oclock rolls around and the sun goes down behind the tower of concrete . $1.07 mil for land plus that again to build 1 house = higher rates. Still $1.07 mil buys a nice house some where south of the bombay hills with cash to spare .

Not everyone drives a bmw that can sit on or above the speed limit. I have a work van ,i'd love to do 110k but its to scrary with wind from the side or when a big truck passes headon. and im pretty sure that its not on all the open roads just a select few.

i'd have used a tazor on that last one .....................DiZZZzzzzzz Done.

nice work, glad to see you ditched that archway sooo 70's.