Posted on June 2nd, 2010 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Already the market appears to be reacting to Bill English’s budget with, it would seem, households set to gain from both the drop in Company Tax and Personal Tax already showing greater interest in buying. The other end of that is it would seem that months of pent up demand might now mean well presented […]
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Posted on June 2nd, 2010 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Well, we’ve commented in these pages on that one before! Usually, when winter comes around, sellers stay out of the market because their strong belief if that their home looks better in the summer! True, but so does every other sellers’ home, so competition is hot in the Spring and Summer. All we can say […]
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Posted on June 2nd, 2010 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
In a major move, the Reserve Bank has signaled it will consider capping the NZ dollar against the USA dollar at 70cents, bringing, at last, a security of income for exporters, especially the rural sector. This, when read alongside the extra income from lowered tax, might well see banks prepared to free up the presently […]
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Posted on June 2nd, 2010 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
At the recent First National conference in Wellington we heard from ANZ’s Khoon Goh, who carefully explained why the world is in the mess it is, where things are going and what we New Zealanders might have to expect in the future. I won’t confuse you with the intimate details but the nub of it […]
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Posted on June 2nd, 2010 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
An associated result of the Budget appears in the investment property market, where the shift in depreciation advantages is projected to see a lift in rental property sales, by those investors exposed through low equity alongside the drop in depreciation. While some pundits believe those retaining their rental properties will increase rentals to counter the […]
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Posted on June 2nd, 2010 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The lowering of Company and Personal tax has already had a positive effect on interest in lifestyle blocks and the orchard sectors, most particularly the latter, where pip and berry fruit sales had all but ceased these past 18 months. Buyers and sellers seem now to have more confidence in these market sectors. Visit http://www.firstnational.co.nz/rural/ […]
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Posted on June 2nd, 2010 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The same can be said for holiday markets around the country, where we are hearing from colleagues that more buyers are out but looking carefully at what they make offers on.
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