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 […]
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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 […]
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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 […]
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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 […]
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Posted on December 6th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
commented last time that it seemed as though interest rates would remain low into 2012! Well, with the drama in Europe that seems likely well into if not through next year. A lot of this has to do with European [and other] governments dropping their OCR rates, thus making it cheaper for our banks to […]
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Posted on November 19th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Frankly, with what the parties are saying as we head to another election, we don’t see any major change impacts on the property market irrespective of which majority party prevails and which minor parties push them around. At this stage or course, a change in government seems unlikely which provides even more comfort as we […]
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Posted on November 14th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
I think I commented a couple of newsletters back that we were seeing increased interest in but not yet sales of rural properties. Well, that has changed, with rural property saes the highest in the past two months than for any two months in the past four years. The farm gate income projections remain strong […]
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Posted on November 10th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
First National’s quarterly Property Management survey recently showed that in the main rental demand is high, vacancies low and real pressure is coming on newer and larger homes. Really, this followed on from the previous survey but for those intending becoming a landlord it is yet another reminder that the lowest priced property which is […]
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Posted on November 3rd, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
t’s almost a broken record now, but the indicators are there that mortgage interest rates will stay as low as they are at least into the middle of 2012 and given the contraction in Europe along with China and pending drop in the Australian interest rates… it could even be extended beyond that. Advice though, […]
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Posted on September 30th, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
When you buy a car, you usually get an MTA registered inspector to report on its safety, wear and tear and potential longevity. Or AA. Either way, you can trust the report and there can be ‘come back’ if an adverse event occurs. Well, it is of huge concern to us that when making the […]
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