Posted on December 17th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Since the REAA was formed in November 2009, close to 3000 complaints have been lodged against agents. The REAA regulates Real Estate agents, branch managers and salespeople, under the REAA Act 2008. Incompetency, negligence and misleading behaviour make up the highest number of complaints followed by failing to disclose information and trading without a license. […]
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Posted on December 16th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Lower priced properties are being targeted by investors not first home buyer, who are prepared to spend a little more for a quality, but a modest home. The investor is more prepared for a property that has maintenance issues and may only need a little spent on it to make it presentable for the rental […]
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Posted on December 9th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
New LVR rule cools the market with just a third of 150 home sold over a 3 day period via Auction, when 80% were selling just 2 months ago. The new LVR rules mean less first home buyers and vendors high expectations has meant more homes on the market. Only 36% sold with the other […]
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Posted on December 6th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Annual REINZ figures show inflation of house prices are 10% nationally and in Auckland they are 16%. The Reserve Bank’s LVR is not achieving what they want, first home buyers have simply left the market, making way for property investors. Banks had less high LVR lending, but there was no evidence of it slowing house […]
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