The Auckland housing market has come to a halt as many of us believe. The market really surprised everyone in the years 2012-2017 as it raised above expectations and made it super difficult for anyone to buy or invest in the housing market. It took a toll on everyone and especially the first home buyers, who had been saving up to get their foot in the market. Kiwis shifting houses from all over New Zealand to Auckland were also struck by the big rise in house prices and settled for renting a house while saving up for their own home one day.
As we had more and more people moving to Auckland due to job needs, we also had kiwi families scattering across New Zealand where houses were more affordable and the rent was low. It was about time the government did something to slow down the housing market and put restrictions on investors, builders, overseas buyers, house interest rates, deposits etc.
The Moving Squad were also very busy as kiwis were shifting across New Zealand and were also surprised by the housing market going to such high ranks amongst the world. Auckland house prices relative to wages are still very high compared to the rest of the world and the government needs to consider this. The team at moving squad are aware of the house market in Auckland and know that it is much quieter as the year 2018 has begun. The Moving Squad are experts in house moving in Auckland and known as the best moving company amongst other Auckland movers companies.
Housing shortage is another problem that our customers come across and share with us when we help them move around in Auckland. The government took the step to seize the outbound migration, but it does not look like they have the correct data to proceed with. This ban needs to come into place to slow down outbound and inbound migration. Since 2012 the Auckland housing market has worsen created a shortfall of 30,000 homes according to Westpac. Housing shortage is a big factor in house prices rising to such high levels.
Questions you need to ask before buying a house in Auckland
- How long has the property been on the market?
- What are the nearby properties selling for?
- Was the house rented or owner occupied?
- What is the deposit required?
- What are the alteration costs if needed?
- Property boundaries?
- Any schools zoned in the area?
- The title and restrictions?
- Any know issues with the property/damage?
Make visits to open homes around the area you are most interested in buying a home. The best outcome from the visits is the knowledge gained while speaking to different real estate agents and asking questions related to the house as listed above. Every agent having an open home will provide you with a brochure to take away which will list most of the answers you are looking for and it makes it easier while going from one open home to another to compare and look for advantages and disadvantages. Also by taking the brochure home you can expand the interest to other family members and get their point of view on the property. Do as much research as you can to get the best results possible.
Do not hesitate to ask questions from the agent. They are there to sell and it is their job to answer every single question that you put forward. Take the time to look at the property privately and if interested you could take an extra step to get a builder’s inspection done on the house to assure everything is top notch. Get in touch with our team today for the most affordable and cheap house movers Auckland. The best moving company in Auckland.
Happy moving everyone 😊