GET IN QUICK
What the property market holds in store for 2019
Auckland home buyers need to get in quick - city house prices could leap to record highs by this time next year, one property pundit predicts.
Infometrics economist Paul Barkle says that while Auckland house prices have stagnated for close to two years they are set for an almost 10 per cent jump next year followed by sustained increases through to mid-2022.
Behind the forecast price rise is an acute shortage of houses. By Barkle's estimate the city needs at least 45,000 more homes.
But the news is not so rosy for homeowners outside the Super City, with national prices poised to ease next year from current record highs.
"By the end of next year we expect house prices in Auckland to be 9 per cent higher than in December 2018 compared to a slight decline in national prices of roughly 1 per cent over the same period," Barkle said.
Should Barkle's forecast play out, it would push Auckland property values to new highs.
Last month, the city's median price reached $867,000 - or 3.7 per cent below the record price of $900,000 set in March 2017, according to the Real Estate Institute of NZ.
National house prices, meanwhile, are already at record highs with a November median price of $575,000.
Not all pundits agree with Barkle's upbeat forecast.
Devon Funds managing director Slade Robertson said New Zealand's housing market was due for a fall, with the real question being: 'Will it be a crash or a correction?'
Poll: Does the building consent process need to change?
We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
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91.5% Yes
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8.1% No
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0.5% Other - I'll share below!
Trucks Parking in Residential Streets
How do people feel about truck and trailer units parking in our residential streets? Manuroa and Airfield Roads in Takanini are truck parks every night. This is a safety issue as trucks and buses cross onto the wrong side of the road to pass them. They also block sight lines for people leaving their properties and turning out of side streets. Parking beside reserves and playgrounds means children are stepping out from behind these vehicles to cross our busy streets. The empty flatbed trailer units are hard to see at night, especially in wet weather. There have been at least two accidents in Takanini, one fatal, involving cars hitting these trailers. The Takanini Residents Group have raised this with the Papakura Local Board and Auckland Council, but as these vehicles are legally parked, we are told there is nothing that can be done. I know this is a problem in other areas in South Auckland, so I would like to hear what people think about this issue.
Lest we forget...
On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.
Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.
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