Website: SuburbWatch adds new features
Enhancements to the SuburbWatch.co.nz website have been made recently, says creator Kieran Trass of Hybrid Group.
Monday, August 13th 2007, 12:00AM
by The Landlord
Suburb Watch, the new trend analysis website uses a statistical scoring system to determine buy, buy-hold, hold, sell-hold or sell signals.
Now, a ‘FAQ’ section has been added, as well as a list of smaller suburbs included in each suburb area - for example Ranui in West Auckland is included in the Henderson data. Subscribers also now receive regional average data for the regions that the suburb/s they subscribe to are included within, so they can compare their suburb’s data with the region’s average.
Trass says “We have over 1500 people registered on our free database, plus many paid subscribers too, which proves the strong interest in the site so far”.
“The property market is going gangbusters right now in the main centres and much media attention seems focused on a slowing market but the latest SuburbWatch data analysis reveals that all is not necessarily what it seems and that you need to be very selective of where you buy and when you sell in this market. There is money to be made just as easily as there is money to be lost in this diverging market.”
SuburbWatch latest key findings indicate that now 40% of Auckland suburbs are still offering good capital growth opportunities in the short to medium term.
Wellington generally remains a strong market with some suburbs revealing a 20% capital growth rate on an annualised basis.
Christchurch is experiencing a continued shift to property price growth trends with around half of Christchurch suburbs now indicating it is a good time to buy.
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