The Newmarket News

Norman hosted the pre launch party for the Remuera residences here in the Newmarket office last night. There is good interest from buyers and the support from the sales team was great, awesome work team.

Market analysis... Overall, you cannot use the same broad-brush statistics to paint a picture in the ever-popular city fringe suburbs in which we operate as you use for Auckland’s middle and outer suburbs.

Recently released migration figures tell us that net migration was up 16 per cent for the month of February, compared to the same time last year. Digging deeper, these figures tell us that the largest group of immigrants are Kiwis coming home, closely followed by our neighbours from across the Tasman abandoning the ‘lucky country’ for better life in ‘gods own’.

What does that mean for the residential sales in Auckland? Well, the vast majority are looking to make our city their home – it’s where the majority of jobs are, for starters. However, because there’s currently no major money being spent on short-term improvements to our infrastructure, it’s the city fringe suburbs that are clearly more desirable – hence the huge swing in sales volume between us and Auckland as a whole. This fact alone is enough to give us long-term confidence in the strength of the demand for good property in and around central Auckland. Stay positive team!

Happy Birthday to Kaye, for Wednesday we hope all your wishes came true ;) and lastly Happy Easter to you all... have a lovely long weekend