Posted on June 13, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Early days but the economic news just gets better in the country.
Fine wools look to increase returns to the farm gate of up to 60%, red meat is 30 – 40% up and dairy just keeps going.
This has seen banks easing their deposit expectations of farm buyers, this in turn resulting in a lift in enquiry.
Rural towns are slowly seeing the results of increased farmer confidence and spending…and those markets are starting to move too.
It won’t be long I’m sure before this trickles into the urban markets too.
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Posted on June 10, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
If you’re just not too sure about that rather nice property and feel you need to give yourself some space to make a call…why not set a roster to drive by at different times of the day; during the evening and see if it looks an inviting place to come home to; in the rain, etc… just get used to it in all its moods!
However, if it is a “goodie” don’t leave it too long as the “goodies” are fairly hotly contested at the moment.
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Posted on June 7, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
It never rains but it pours, as they say! Just this week we heard of two separate instances where people involved in the rental market said “thank you” to each other!
In the first, a professional lady was moving on after a couple of years in the same rental apartment and had been so well looked after by her landlord that she left a bottle of bubbly and a card for him! Nice touch and one sure to see her well recommended in any reference enquiry in times to come.
Separately we heard of a landlord who leaves a similar gift to new tenants moving into his smart rentals. “Hell!” he said, “they’re customers who invest heavily in my little business, so it’s the least I can do!” Nice
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Posted on June 1, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
I previously mentioned that interest rates looked to be settling, as is the media’s penchant for talking up the negatives… there are no negatives so they’ve gone quiet on that one. Perhaps the election will take their attention for the rest of the year and we can all just get on with life!
Dr Bollard was very firm in his recent retort to the negative soothsayers; interest rates won’t move this year and likely not until well into 2012 and even then, they’ll move slowly.
As always, we firmly believe best advice comes direct from your bank.
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Posted on May 20, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Something we remind vendors and landlords every winter, now that it’s cooler, don’t paint early and late in the day. The ‘Rule of thumb’ has long been 10am – 4pm are the safest hours to paint exterior surfaces but further south we advise 11am – 2pm.
If you apply paint in temperatures lower than 10 Deg C or when the sun is going and dew settling in, you can expect to either lose the paint from the surface or see it go very dull, roughened and in danger of bubbling at an early date.
Remember: if the temp is going to drop below 10 Deg C within three hours of application, expect trouble.
Interior….you still need the temp to be above that magical 10 Deg C and for that temperature to be maintained for at least three hours.
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Posted on May 17, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
In many areas there are almost as many tenants seeking a rental home as there are properties available. However, that does not mean that all those listed properties will be snapped up! Many remain un-tenanted long term.
We’ve said it before, but tenants are becoming more and more choosey, seeking warm and dry homes. In fact, some heat pump installers are telling us that the majority of their work now comes from rental properties being upgraded.
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Posted on May 13, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
For a prospective tenant of buyer there is nothing more worrying than to see moss and mould on the building, fences, outside furniture or paths. It spells cold and damp!
We all know that in reality there will always be shady side of buildings and sections and that’s where moss and mould develop. So, remove it!
There are plenty of short term and long term products and preventers available, so go talk with you hardware supplier about their various merits.
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Posted on May 9, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
SO WHY WOULD YOU WAIT FOR THE FIERCELY COMPETITIVE SPRING “SELLING SEASON?”
No, this is not a real estate salesperson trying to talk the market up! I don’t do that, but what I must do is advise you about the various options in the market and especially in the current situation.
So think on this: It has long been said one should put one’s house on the market in the Spring and Summer because the flowers are out, there are leaves on the trees and people can see the outdoor living options, etc.
And every year, that’s what happens. And every year those vendors get to have their home compared with more potentially competitive properties than at any other time of the year! As is usual, the best homes and the best priced properties sell and lots of others don’t.
Right now there is a real lack of good properties on the market and you will have read in the media of the good ones attracting multi offers for the first time in years, ensuring a good price is reached.
Think on this if you are contemplating selling (even if not this year), think seriously about selling when the competition is at home asleep!
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Posted on May 5, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
It has been confusing lately with some banks going on and on about the likelihood of mortgages interest rates increasing around the end of the year rather than later! At the same time, non-bank commentators have stayed firm in the view that the economic recovery, if you could call it that yet, is so sluggish that the increases will come later.
To settle it all down, Reserve Bank Governor, Dr Allan Bollard, came out with the categoric statement that there will be no change to the lowest mortgage interest rates in over 40 years until next Autumn and even then any rate of increase would be conservative and slow.
However, with Fixed Rate two and three year interest rates coming back to be close to Variable Rate loans, we’ve all got a strategic decision coming up soon, that’s for sure!
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Posted on May 2, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
We at First National have developed a close relationship with ANZ Bank built around support of our customers.
For vendors it’s the chance to quickly and simply apply for an ANZ Rewards Visa card with up to $5,000 limit to help with pre-sale repairs and maintenance and / or targeted marketing campaigns.
Pre-loaded with 5,000 rewards points and an interest free period of 44 days this is an ideal tool to assist in the same of your home and all going well, recoup the proceeds in time to settle the card!
For buyers we can deliver ANZ’s proven mobile mortgage team in all areas, offering top advice, leading loan options and excellent service.
Plus if you’re a National Bank customer, we can leverage the same facilities for you through the ANZ alliance.
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