Posted on February 18th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The residential real estate market is continuing the sustained lift First National noted from early December. Right across the country listings, buyer enquiry and sales are noticeably up on any time in 2010. Of real interest to us is the quite massive increase in web enquiry…again, commencing early December, web visits ran at record levels […]
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Posted on February 14th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
We commented last year that following the collapse of so many finance houses and subsequent Government payouts under the guarantee scheme, mainstream banks quickly became the ‘safe’ resting place for investor funds. Well, the pressure of that money has come through to the market and most banks are now offering incentives to potential mortgage clients […]
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Posted on February 9th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
As is always the case in downturns, astute developers and end users disappear from the market well in advance of any negative shift in the market or economy but they immediately commence planning for a return! Our commercial network is reporting that this is again the case, with some of the larger national and international […]
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Posted on February 4th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
2010 finished with a flourish for those involved in the rural market, with a substantial lift in sales of properties across the landuse spectrum. Of real interest was the return of the private Kiwi buyer …the NZ family farmer, if you will. With most export prices for farm produce holding their own and even growing, […]
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Posted on February 1st, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
You might have seen the results of our quarterly Property management Survey out in the media recently? Trends generally reflected many more vacant rentals than I the recent past, except Auckland. The background story is fairly simple; the economic downturn has seen many small [and some large] businesses close from the big cities to small […]
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Posted on February 1st, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
We all heard of the RSA virus that swept the Kiwifruit industry late last year. Most of us could only guess at the effect this had on orchard values and salability… it was severe and came at a time when the industry was just starting to see a return to fair value sales of property […]
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