In the month since Reserve Bank governor Alan Bollard raised the official cash rate to 3 per cent, the financial market has changed its collective mind about whether he will hike again around the middle of next month. The probability of another OCR rise on September 16, as reflected in swaps market pricing, has fallen [...]
Property buyers continue to favour the web over print when searching
General Realestate, Home Sellers // 24.08.2010I have reprinted a recent blog written by Alistair Helm of realestate.co.nz. This is good stuff and important reading if you are considering advertising options when selling your home. Alistair blogs regularly on all things real estate. It is worth paying his blog a visit if you haven’t visited it already. The last few lines [...]
Agency Agreements – The inside scoop
General Realestate, Home Sellers // 24.08.2010When you make the decision to sell your home or investment property, the first piece of documentation you encounter will most likely be an agency or listing agreement. Much is made of the Sales and Purchase agreement, but the listing agreement is the foundation document used for setting out and formalizing the marketing and selling [...]
Homesellers – How best to promote your property
General Realestate, Home Sellers // 18.08.2010A recent blog by Alistair Helm caught my eye. Alistair blogs regularly on all things real estate at unconditional.co.nz I totally agree with Alistairs take on the subject. Have a read of his blog post below… There would not be many days go by when this question is not asked of me by friends and [...]
Rents pushing upwards in North Wellington
North Wellington property market, Property Investment // 17.08.2010The latest release from the Department of Building and Housing shows that average rents are rising. Recent media reports suggested that stocks of available rental accommodation was at a low ebb throughout the country except for Wellington. This rise in rents in the last couple of months maybe be a sign that Wellington also is [...]
A Valuers view on the coming tax changes – Quotable Value
General Realestate, Property Investment // 10.08.2010I don’t usually do the cut and paste thing in my blog as it is not really kosher, but this article was so good I couldn’t resist. Full credit to Quotable Value for a well written and balanced post…. A Valuer’s take on tax changes The changes to the taxation system brought to light in [...]
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Softly Does It
North Wellington Market Update – August 2010 The market is going through a softening period currently but we are hoping that as the weather warms up again and the economy continues to slowly recover, we will again see a firming of prices in the area. The market currently is characterized by inactivity both at the [...]
Continue →Quiet Housing Market Predicted for next few months
Economists are predicting the housing market will stay soft for the rest of the year after Real Estate Institute data showed sales volumes stayed under pressure last month. By Paul McBeth Total residential sales sank to 4,575 last month from 5,206 in May, and 6,040 in June last year. That’s only the second time in [...]
Continue →A mixed bag for Wellington house market – Quotable Value
Property values in the Wellington region increased by 5.4% over the past year (calculated over the three months ending June 2010 in comparison to the same period last year), down on the 6.0% annual growth reported in May. The average sale price for the region increased marginally from $454,625 to $455,134. Mr. Pieter Geill of [...]
Continue →Rents on the rise in Johnsonville/ Newlands
The latest figures out from the Tenancy Services website shows rents rising on all property sizes in the Johnsonville/Newlands area with good numbers of properties being tenanted. Though anecdotal evidence suggests that there is a build up of vacant properties across Wellington with more than 1100 properties for rent on Trademe currently, average rents don’t [...]
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