Whats everyones gut feel or observations on demand and prices for marina berths in and around Auckland, particularly 12m berths. Is demand and prices on the increase or decrease?
The reason I'm asking is that I've been offered the option to buy my current berth from its private owner. I'm currently subletting on very reasonable terms of roughly opex + 10%, however the owner now wants out and has offered me first dibs on the berth at a reasonable market rate. I've previously regarded marina berth ownership as a lousy investment however as Akl grows I'm wondering if its time to commit and s