Posted on January 20th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Once the engineers re-review the buildings subsequent to the Xmas shakes, the rebuild will get under way in earnest. Much was being started late last year and already the demand for staff and materials was being noticed across the country. What does that mean locally? We may see a number of our building-associated companies send […]
Filed under: REAL ESTATE | No Comments »
Posted on January 20th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
While export prices for dairy, meat, grain, logs and wool have settled back of recent weeks, anticipations are that all will remain strong this year and continue the re-emergence of economies in rural and regional towns and cities. The impact of the rapidly increasing numbers of cruise liners around our coasts has been little short […]
Filed under: REAL ESTATE | No Comments »
Posted on January 17th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Not much has changed since I reported last month. The NZ OCR looks likely to remain as it is for much of if not all of this year and some are suggesting that if the Euro mess effects the UK market and in turn the downturns in both of those markets effect demand for Chinese-produced […]
Filed under: REAL ESTATE | No Comments »
Posted on January 17th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
While we often comment on the national market one thing that has been increasingly making itself evident these past few months is that any general, national commentary is almost always fatally incorrect in any local market! So, what I’m saying is that economics “soothsayer’s” comment and or prediction, while to be taken notice of, will […]
Filed under: REAL ESTATE | No Comments »
Posted on January 9th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
While we all hear stories of Toyota’s 500 year Business Plan, I have been reminded recently of the long-term planning approach commercial developers take. I’ve heard of a number of large retail and service developments, ‘Big Box’ shopping centres and so forth, that major developers have been working on for some time and notwithstanding the GFC […]
Filed under: REAL ESTATE | No Comments »
Posted on December 22nd, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
After an increase in vacancies earlier in the year the entire market has closed up again with most of our offices reflecting our own situation; not much spare capacity. Again I have to add that the better presented, warmer, drier and modernised properties are being snapped up while others languish unloved…seemingly by both owners and […]
Filed under: REAL ESTATE | No Comments »
Posted on December 19th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
So, 100 more people left the country last month than arrived. Most went to Australia. Records indicate many were youngsters and others, young families seeking higher paid semi-skilled and unskilled work. Not good, but not new. Records also show that the Australian job market is drying up as their economy slows…usually this sees a quick […]
Filed under: REAL ESTATE | No Comments »
Posted on December 16th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Another shift in the market is being noticed right across the industry and the country sees an increase in lifestyle property sales. While I can’t define the background with real precision, reports are that following changes in pricing these past few years, buyers are recognising that there is, in many instances, a better “bang for […]
Filed under: REAL ESTATE | No Comments »
Posted on December 13th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Same old, same old! While sales volumes are up from the short ‘stall’ during the Rugby World Cup, they are really just a continuation of the better parts of 2011. Well priced, very well presented, [and I mean that] homes are selling quickly no matter what sector of the market they sit. As I mentioned […]
Filed under: REAL ESTATE | No Comments »
Posted on December 6th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
There’s just no doubt about it, the better farm incomes enjoyed by most rural sectors this past year or so are having a real effect on rental and purchase demand in rural service towns and the larger regional towns and cities. Increased farm expenditure and an increase in on-farm staff seems to be driving those […]
Filed under: REAL ESTATE | No Comments »