Buying ambitions high amongst Auckland renters, Barfoot & Thompson says
Auckland renters living in properties managed by Barfoot & Thompson expressed a strong desire to own their own home, a survey conducted by the real estate company showed.
The research showed that 59% of 310 Auckland renters surveyed by Barfoot & Thompson wanted to buy within the next two to five years – a response that surprised the real estate company.
Barfoot & Thompson Director Kiri Barfoot said the company was “taken” by surprise by the positive response around buying a home in the next few years. “It’s very encouraging particularly given much of the recent commentary around it (home ownership) has been negative.”
Barfoot said she would have expected fewer renters to say they were aiming to buy a home. “A number of factors could be behind this. Auckland’s housing market has steadied in the past few months after several years of rising prices – we also have around 30% more houses listed for sale than the same time last year. More choice is good for people thinking about buying,” Barfood said.
The survey was conducted in August and 31% of 1,000 tenants responded to the survey.
QV’s monthly property values to September 2017 showed the average New Zealand house had increased 4.3% on the same month for 2016 from $619,660 to $646,378.
The average house is Auckland remains over $1 million at $1,039,066 which is up 0.8% from 2016.
Related stories:
Who’s buying what and where
Auckland property values down
The research showed that 59% of 310 Auckland renters surveyed by Barfoot & Thompson wanted to buy within the next two to five years – a response that surprised the real estate company.
Barfoot & Thompson Director Kiri Barfoot said the company was “taken” by surprise by the positive response around buying a home in the next few years. “It’s very encouraging particularly given much of the recent commentary around it (home ownership) has been negative.”
Barfoot said she would have expected fewer renters to say they were aiming to buy a home. “A number of factors could be behind this. Auckland’s housing market has steadied in the past few months after several years of rising prices – we also have around 30% more houses listed for sale than the same time last year. More choice is good for people thinking about buying,” Barfood said.
The survey was conducted in August and 31% of 1,000 tenants responded to the survey.
QV’s monthly property values to September 2017 showed the average New Zealand house had increased 4.3% on the same month for 2016 from $619,660 to $646,378.
The average house is Auckland remains over $1 million at $1,039,066 which is up 0.8% from 2016.
Related stories:
Who’s buying what and where
Auckland property values down
