The Auckland housing market is in the final phase of the current boom, but it’s likely to get even hotter before it finally cools, according to Kieran Trass at Hybrid Consulting.
Wednesday, November 19th 2003, 2:42AM
by The Landlord
"It’s softened a bit in Auckland in the last six to eight weeks. There are a lot more properties on the market and a lot of purchasers are hesitant," Trass says.
"Some people think we’ve reached a plateau now and that the market’s going to drop. My perception is that it’s just a breath-catching moment." A similar pause occurred in March or April this year as potential buyers adjusted to the rise in house prices.
