Auckland has again ranked among the least affordable cities internationally in Demographia’s annual international housing affordability survey, out today, but Tauranga again beats it to take the rap as least affordable of the 8 New Zealand centres on the survey.
CBRE researchers have highlighted 3 points in their latest assessment of Auckland’s commercial sectors: Vacancy is up slightly, rental growth is slowing, but yields have continued to firm.
9 of the 16 properties auctioned in Bayleys 7th Total Property portfolio for the year were sold under the hammer on Wednesday or shortly after. In Wellington, all 3 properties in the Total Property offering yesterday were sold. Another in Whakatane was also sold.
Economist & financial commentator John Mauldin put a lot of US financial woes in perspective this week in his column, Thoughts from the frontline, where he highlighted the frailty of the country’s infrastructure and the likelihood that funding will prevent it being maintained or upgraded adequately.