Back into the swing of things
Hi <<First Name>>,
I hope the year has began the way you wanted so far. I am certainly looking forward to a great year.
I wanted to send out a quick note about a news story on TV the other night. It was talking about how property has had its biggest drop in 10 years. An average drop of 7% nationwide.
Now that may sound alarming to you if you do not know a few of things.
- Property moves in cycles. Usually around 7 - 10 years. So if 2008 saw drops of 7% thats normal. The last year we had dropping property prices was way back in 1999-2000 which then began recovering and started booming in 2002 right up until early 2008. So that means we are about 7-8 years into a 7-10 year cycle.
- Prices in NZ have increased by 120% according to 3 News over the last 10 years. So that makes a 7% drop seem rather minimal. And this tells us that property is a good investment over time.
- In Napier, Property sales have increased for the 4th month in a row now. And the strongest performing market is the houses in the $225,000 to $350,000 range. Great News.
So the point of this is, don't get fooled by the doom and gloom on the news. Read between the lines and make informed decisions.
Kind Regards
Mitch Buckley
Rent2own
A Great Deal Beautiful 3 bedroom 2 bathroom character home in a top location in greenmeadows Napier This place has been done to the highest standard.
(see more photos)
You could move in today Rent 2 own $350 per week and $10k down
Call 06 929 9061 Now to view.
Have a great year everybody and look forward to our next newsletter coming soon.
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