Posted on July 27, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
More home for fewer dollars! Well, if you read the recent article on the Fairfax website and in some of their dailies, that was the message!
Put simply, the story outlined the lower prices being paid for lifestyle properties compared with the same sized home in the nearest town or city. Frankly, in some markets there was a real difference….in others, less so.
I guess that’s why it’s always worth talking with local property professionals to get the local story. All too often these national stories bear no resemblance to our [or many] localities. Call me for a chat!
For the record though, we are seeing quite substantially increased interest in lifestyle blocks, both with and without homes.
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Posted on July 23, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
With banks lending criteria freeing up we are seeing more private farm buyers entering the market this past couple of months. And that’s across the board…meat, wool, grain plus of course the inevitable dairy.
Some of my colleagues specializing in the rural markets tell me that they are being asked to act for, advise and even put together, farmer partnerships to keep local properties in local ownership.
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Posted on July 18, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Our nationwide network reports that after year of income growth across almost all rural sectors during which debt was paid down, mid 2011 is seeing well positioned farm owners investing in rental properties in the towns and cities …both residential and commercial, while our holiday market mates tell us there’s pressure coming on in the holiday markets for the first time in over four years.
It’s worthy of note that with some manufacturers reporting growth, especially those exporting, their interest in holiday homes is on the lift too.
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Posted on July 15, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Out buddies in the shaky city are really hurting but good grief! The number of citizens from that city that are turning up in our part of the world wanting to rent or buy is quite astounding.
Last week’s Government settlement announcement has certainly freed up in excess of 5,000 buyers and many are seemingly planning to depart the Garden City, some coming to a street near you.
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Posted on July 11, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Aw heck! Sorry to prattle on. It’s been covered already this month….but here’s the list:
Mow the lawns, even in winter. Trim the hedges and weeds around the bottom of fences. Scrub the fences and retaining walls with 30 Seconds, and the same with mossy paths and even the walls of the house. Don’t forget the garage either…and tidy it. A cluttered garage looks too small. Clean the windows, inside and out. Then ‘de-clutter’ the entire house…less is always best! So are flowers!
Actually, get a friend or competitive workmate to arrive, walk around and enter your property with a clean sheet of paper and pen to list the items that they don’t like. Don’t take offence…go do it!
Another way to approach this is to visit a couple of open homes in the sector you would like to buy in and even one in your own home’s sector…list what offends you then go home and compare! I did once and Ouch! It hurt!
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Posted on July 8, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
As mentioned earlier, buyers are pretty choosey at the moment, fighting over better presented properties. However, do you know their most repeated comment about the market…and this comes right across the country?
“How come there are so few properties on the market?”
Sadly our answer has had to be that it appears cagey vendors are waiting for the warmer weather, the market to settle, till they find a suitable ‘next property’ to purchase.
There’s no doubt that many buyers are in a hurry to get into a larger, warmer, newer home before…they have the money and the will but not the options.
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Posted on July 5, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
As we head into a belated mid-winter period when history says the real estate market should be slowing it’s intriguing to note the opposite! Yes, across the country my colleagues are reporting increased sales compared with earlier this year and last year same time and competition for better presented properties.
I know I’ve said it before but I make no apologies; it’s the tidy, clean, stylish and well priced properties that are attracting the interest and the better ones are being fought over by several buyers. Those top properties in each suburb, size or price sector are attracting all the interest while those that present less well are being left well alone, marooned on the market for months.
We also note, again across the country, that first home buyers and investors are battling over lower priced options.
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Posted on July 1, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
I’m sure you will have been following the Reserve Bank Governor’s comments and he’s on record as saying while he must ensure the country doesn’t over-spend thus driving inflation….he is firm of the view that he will not increase interest rates until the economy is moving ahead again and he doesn’t see that as a likelihood until well into 2012.
At the same time, economist, Rodney Dickens has come out suggesting the whole approach to interest rate management of the Reserve Bank is failed! Yes, he believes a stable approach with semi-fixed OCR rates delivering market rates of around 6% would allow the entire banking community and the New Zealand commercial and private communities to plan medium to long term…..something this country has not been able to deliver since the dollar was floated.
Goodness! Management! Long term planning! Stability! What an interesting set of options!
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Posted on June 24, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
It may be the warmer than usual conditions, long term pent up demand by buyers or all the above mixed with stable low interest rates but one thing’s for sure across the country at the moment… in almost all regions the market continues to grow, albeit slowly.
We’ve mentioned before that the better presented properties are calling the shots and attracting multi offers in many cases. I know I commented similarly not long ago but this competition for well priced, nicely presented properties grows rather than diminishes. Buyers are selective though.
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Posted on June 21, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Want to sell? Got a great home? Love all those mementoes?
Put them away!
Clutter kills buyer imagination. They just can’t see how their possessions and furnishings will fit in if the floor, the shelves, the benches and the garage are overcome with too many of your memorials to good times.
Do this and you just might get to put them out again in your new place sooner than you thought
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