Aucklanders and overseas buyers are keeping Whangarei's property market buoyant according to local real estate companies.
Thursday, November 13th 2003, 6:40AM
by The Landlord
New Zealand is currently going through a housing boom not seen since the 1990s and Whangarei has been swept along.
Professionals Glen-barry Real Estate principal Barry Joblin says it is strong market and October was the best month his company had enjoyed with sales 50 per cent ahead of the previous best month in November last year.
He says the buyers are Auckland, overseas and local people. Barry believes, however, that the current market isn't a boom, but correction from a period when the Reserve Bank artificially restrained the market through higher interest rates. He expects the market to remain steady, with summer being busy and the market easing off later.
