Propertyscouts Invercargill

Property Market Report Feb 2016 Invercargill - 23rd Mar 2016

Property Sales Are Soring in The South

The Stat's speak for themselves.......

 

                          Feb 2015                          Feb 2016
Median               $210,000                           $218,000
Sales Number              93                                    139
Days to sell                 31                                      29

The market is under huge strain to provide the stock needed, due to increase in buyer demand.  The strongest market is certainly being fueled by both first home buyers and the investment market $150,000-$200,000.

Invercargills average Gross Yeild for the last quater is 9.1%, which is one of the strongest in the Country.  This market is highly unstocked with huge demand being put on quality rentals, expecially in the cheaper 2 bedroom end with SIT growing numbers of International students.

Give us a call today if you need any direction or advice, we would be happy to help.
 

 

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