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 [...]
A sad day today- we are selling 3 properties
Normally I would be excited by the prospect of selling three properties at auction. But that is not the case today. The three investment properties are mortgagee sales, all owned by one client. The young couple who bought them only a few years ago had a dream of securing their financial freedom, a vision of [...]
John Key’s announcement good for local investors
Good news for those who have holding off getting into the property investment business. It looks as though the government appreciates that any bold move to tax landlords to the extent that the working party had suggested would have had negative effects on the rental house market and tenants. Investors can now move forward and [...]
How is the property market in Gisborne, NZ right now?
I think the best way to describe the residential housing market in Gisborne NZ is to say that the recovery is fragile.
