Barfoot and Thompson Glen Innes have been helping Creating Communities Limited (CCL) with the sale of homes in Glen Innes. Residential sales specialist Paul Robertson advises that they have sold 28 houses to date and at time of writing had six unsold listings still under construction, with the expectation that the high demand would see these sold in a matter of weeks.
“Once a home is listed and made available to the public they typically sell within several weeks,” says Paul. “There have been several examples in the last month where properties have sold within a few days of being listed.”
The current record is a house in Eastview Road, which sold within two hours of going live to the public. Many homes are selling off the plans long before they get a chance to be publicly advertised.
There are several factors that have helped Glen Innes properties sell fast. The massive increase in housing prices across Auckland has meant a lot of buyers are having to re-evaluate suburbs they can afford, and the proximity of Glen Innes to affluent suburbs like Glendowie and St Heliers has made it a popular target for buyers that can’t afford to get into those suburbs.
In addition, the public transport hub that has been created in G.I. is attracting buyers who require an easy commute into town.
A shortage of quality new housing in the central-eastern suburbs has increased demand and the quality of the workmanship along with a 10 year builder’s warranty is helping to put the buyers’ minds at ease. The attractive prices of the G.I. homes have meant they are within reach of many young families.
The homes range from 2 to 4 bedrooms and therefore appeal to a wide range of buyers. Initially the homes were bought largely by investors looking for a good rental return, however Paul reports a significant move towards young families looking to take advantage of the affordable house prices and family friendly environment.
Several 3 and 4 bedrooms homes are currently available with a number of 2, 3 and 4 bedrooms homes scheduled for release later in 2016.