We expect that an additional 1.8 million sq ft will be completed this year. Completions are falling but there are substantial schemes with planning consent awaiting pre-lets and/or an improved occupier market, to trigger more speculative schemes. The current availability ratio for the whole market area is 13.5%, compared to 12.8% at the end of 2002.
The two sites will be rebuilt into a single location, and 20 brokers will be added. The asking rent was $150 per square foot. Conveyancing specialists doing property inspection for property investors and prepare perfect property conveyancing report. The Real Estate Institute of New Zealand (REINZ) have honoured Max Oliver this month with a life membership in the profession that he has dedicated the past forty years to – real estate.
Auckland’s median price, of $319,000, during the month-long period demonstrated a marked improvement on both August’s $315,000 median and the median price of $273,000 recorded in September 2002. With 3,553 sales, the number of houses sold during the month eased in relation to the 3,642 sales in August, yet firmed in comparison to the prior September’s 2,799 sales.
The median price for the North Shore climbed to $380,000, a significant increase on the $357,500 median achieved in August and the $300,000 median price exhibited last year. However sales declined to 588, down from the previous month’s 721, but this represented positive growth when compared to the prior year’s 526 sales.
Waitakere recorded 503 sales during September, a decrease of seven on August’s 510, however this was a significant increase when compared to the 308 sales recorded during the same period last year. The median price, at $255,000, demonstrated strong upward growth on both last year’s $220,000 median and last month’s $244,750 median.