Auction Popularity Soars
Selling homes by auction is becoming more widely acceptable. In a recent article in the NZ Herald, the trend is for more sellers to offer their property for sale by way of public auction. In a sellers market (when it favours the sellers more than the buyers) it is easy to understand that the competition [...]
NZ Herald Property Report
Recently the New Zealand Herald published their Quarterly Housing Report. I have managed to get my hands on a digital copy NZH Property Report. If you weren’t able to get a hard copy, then download this report. It makes good holiday reading. The thing to remember is this; the data comes from Quotable Value (QV) and [...]
NZ Herald Quarterly Property Report
See if you can get your hands on a copy of the New Zealand Herald Property Report, a quarterly guide to house prices and great places to live. Unfortunately it is not available online. It comes in today’s NZ Herald, as a supplement. The data is gathered from QV, who releases information on settled sales, [...]
Real Estate snapshot from around NZ
Every month Tony Alexander from the BNZ surveys businesses throughout New Zealand and seeks their comments on the economy and in particular, activity in their respective industries. A number of real estate agents participate in the survey. Their comments are posted raw, unabridged and are in no particular oder. Together they provide a mosaic snapshot [...]
Why Affordability Surveys are flawed
The article in the New Zealand Herald reported that research has just found that owning your own home in New Zealand is unaffordable for many folk. Their data suggests it is more affordable to own a home in New York. But is this really true? They take the “average” household income and divide it into [...]
Hefty $6m+ for old home?
The New Zealand Herald reported on last week’s sale of a 1950′s home in Auckland for $6.348m. The story was slanted to point out the “old house – high price” aspect. But when you look a little closer, there is more to it than that. The comparatively modest house sat on 8562 sq m (over [...]
NZ Herald quarterly report
Today the NZ Herald published a 27 page supplementary property report. Interestingly while it features most of the north island cities, there is no mention of Gisborne. Even Rotorua and Hastings are cited. I wonder why we are forgotten? However, at least QV have included us in their statistical report. Tomorrow I shall post a [...]
Leaky Homes in Gisborne
When you are looking to buy a house for sale in Gisborne, it is likely that you want to know whether or not it is a leaky home. Take heart, despite leaky homes being a national disaster, they are not a big concern in Gisborne. There have been very few properties in Gisborne that have [...]
Costly House Sale Dispute Continues
A high-profile legal scrap over the sale of a clifftop Auckland house is headed for the Supreme Court in an attempt to end a dispute which started four years ago. In 2004, the family trust of Mark Moncrieff Stevens and Deborah Ruth Stevens sold their house at 23D Beach Rd in Castor Bay to a [...]
Multiplex fund sheds value
One of New Zealand’s largest real estate funds has shed value. The Sydney-managed Multiplex New Zealand Property Fund owned property valued at $701.9 million in June but this week it declared that had now shrunk to $655.4 million. Leon Boyatzis, fund manager of Brookfield Multiplex in Australia, said a $21 million Wiri property had been [...]
