Wednesday, 7 August 2013

Manager's Comments 8-8-13

New Plymouth is featured in the August edition of NZ PROPERTY INVESTOR. The article is very positive and bullish about the New Plymouth property market and the two big drivers here, Milk and Oil. Some of the telling statistics: Taranaki with 2.5% of New Zealand’s population we account for 4.2% of GDP, just over $8billion. Her 110,100 people run 14,458 businesses employing 49,201 people. Taranaki’s GDP per person is $73,200, the highest in the country. New Plymouth’s 73,500 people therefore produce $5.4billion. Things are happening here. Voted the world’s best small city in 2008, we boast a high 2433 hours of sunshine (2012). Maybe this is why so few are selling currently, while more buyers than properties are the norm. That brings me to the point of all this digital detail. If you are not achieving a good level of interest in your property in this market there is a problem. Talk to your Harcourts agent, they know how to fix it.