Expect 5 – 10% Growth in Some Suburbs next 6 mths

Expect Capital Growth of 5 – 10% in Some Suburbs in the Next 6 Months.

“There is money to be made just as easily as there is money to be lost in this diverging market.” says property market analyst Kieran Trass of, on-line residential property market research company, Suburbwatch.

“The property markets in Auckland, Wellington and Christchurch are 'going gangbusters' right now but our latest data analysis indicates that you need to be very selective of where you buy and when you sell in this market. Our latest analysis released today reveals that some suburbs still remain in 'boom mode' right now. Somewhat surprisingly though our analysis also indicates some suburbs will continue to experience further strong capital growth of 5 to 10% over the next 6 months. However other suburbs are showing continued signs of deteriorating trends and the very real potential for price weakness in the short to medium term.”

Suburbwatch analyses long term property price trends which identify strengthening and weakening market trends in individual suburbs before the market reflects them in current property prices. SuburbWatch also identifies, what it deems to be, ‘Fast Mover’ suburbs which it considers are the current top 5 suburbs for capital growth in each of New Zealand’s 3 major cities (Auckland, Wellington and Christchurch). The latest analysis indicates that based on value trends the ‘Fast Mover’ suburbs are highly likely to evidence another 5 – 10% capital growth within the next 6 months.

Its analysis is based on statistical analysis methods which include the use of moving averages, which have been used for decades to identify buy and sell signals for shares and other regularly traded commodities.

Suburbwatch’s (www.suburbwatch.co.nz) latest key findings also include;

o AUCKLAND - A divergence in property price growth trends across parts of Auckland with some suburbs revealing a deterioration in their trends whilst other suburbs look set to continue to boom. These trends indicate that now 40% of Auckland suburbs are still offering good capital growth opportunities in the short to medium term.

o WELLINGTON - Wellington generally remains a strong market with some suburbs revealing a 20% capital growth rate on an annualised basis.

o CHRISTCHURCH - Christchurch is experiencing a continued shift to property price growth trends which reveal slowing property price growth but still around half of Christchurch suburbs are now indicating it is a good time to buy.

ENDS

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