Posted on February 25th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Again, well heralded but now ‘coming home to roost’ is the situation where lack of building, a growing population and a constant stream of immigrants seeking homes, NZers overseas sending money home to buy…..are all adding up to a major and concerning lack of rental vacancies virtually nationwide. Concurrently investors are in some areas looking […]
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Posted on February 20th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
If you are thinking of a real estate change this year, keep your eyes out for incentive offers from the banks. We’ve commented before on this, but they have a lot of money at present and need to have it out in the market, so offers expect incentives. Oh, and don’t be afraid to ask […]
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Posted on February 17th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Nationally, we’ve just come through the busiest December-January sales season in many years! No doubt it’s driven by more NZers staying home as we predicted a few months ago, rotten weather chasing them home, or a constant inflow of immigrants and all compounded by a real lack of new homes being built. In short though, […]
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Posted on February 13th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
We’ve been in the property industry a fair time now and know all the best service providers sellers and buyers need to talk with as they pursue their next step in life. Sadly, in these litigious times, our knowledge and experience cannot be conveyed to you! It all stems from a situation like this, where […]
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Posted on February 10th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Discussions with several of the major banks this past week have unearthed the fact that each is sitting on more pre-approved mortgages than at any time since 2006! While they cannot refer to formal research as to why buyers are not moving, anecdotal reports coming from their branches indicate buyers are being very selective and […]
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Posted on February 7th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
A bit like a broken record really, but yet again Dr Bollard has held the COR and 2.5% and indicated what all the pundits have been saying, that rates will likely remain low through the end of this year and pending progress and reach of the Euro crisis, possibly well into 2013. One thing this […]
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Posted on January 27th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Many NZer expats remain residing overseas but there is a definite trend for them to pull their money out of Europe, Asia and North America where returns are low and risks high. It seems they’re keen to hold their investment in what is increasingly being regarded as our “safe” economy.
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Posted on January 27th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Much has recently been reported about Kiwis crossing the ditch in increasing numbers. All we can say is that given the on average 50% drop in real estate sales, the substantial numbers of business closures across much of the “Lucky Country” our information is that the tide could well turn presently. In fact it’s interesting […]
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Posted on January 23rd, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
As a result of Christchurch’s tough 17 months of hell, insurance in NZ is going to become more costly for most NZers and certainly for those who reside in quake-prone markets. Your insurer will update you of this as and when your renewal period comes nigh. I’d strongly advise you to carefully read all documentation […]
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Posted on January 23rd, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
At the start of every year there is competition for the better rental properties but it does seem that already this year that pressure is somewhat greater and good rentals more scarce as a result. Investors remain outside the market still, not purchasing. For those entering that market, this is a pleasant surprise although first […]
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