Good news from Dr Bollard recently! In raising the Official Cash Rate -the device that sets virtually all lending interest rates- by 0.25%, he commented that in view of the sluggish internal economy, he felt it unlikely that interest rates would rise much more in the next 18 months. Many will now adjust to Variable […]
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Once the new rules regarding depreciation on property investments were made clear in the Budget, those multiple-property owners exposed to financial stress had several months to decide and act on their response. What we are seeing already is that a proportion, certainly a minority, are quietly placing on the market those properties they believe they […]
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After a tough couple of years for small and medium business owners across the country, there are presently large numbers of premises available for sale in most centres… certainly many more options are available to buyers now than in previous years. What we are seeing as a result is astute, well-founded investors purchasing well-positioned property […]
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Up and down the country we’re seeing a gradual increase in interest from purchasers in both the rural and lifestyle sectors, though as with all things real estate, funding can be a challenge still. Banks remain conservative in their approach to rural mortgages, and given the constant change in world financial markets we have to […]
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Sure, a proportion of the Tax Cuts we all receive from October, will be taken back in the 2.5% increase in GST, but advice we’re receiving from economists is that we should put any residual funds to good use. And what’s good use mean? Well, savings, paying off credit cards and other loans…and yes, even […]
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One thing we can tell you is that in these challenging times, when overall sales are at generally low levels, it is almost always the case that if the property is on the market, the vendor is serious about moving on. So when you find that ideal next step, don’t dally nor go chasing discount […]
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Not unlike the situation with the number of properties on the market, there are certainly fewer buyers in the market than have been seen in the past few years. And what this, as a generalization, means to vendors is the need to very carefully consider every offer that is presented. Yes, the Spring may well […]
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