Posted on December 1st, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
We undertake considerable internet promotion, advertising and marketing as part of our service to you. However, some additional paid advertising is important to ensure we reach every targeted group of the buying public. No two properties are the same and we will thoroughly research and discuss the mix of promotional activity we believe would work […]
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Posted on December 1st, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The www.interest.co.nz web site has a brilliant mortgage calculator on it that allows you to compare two scenarios at the same time. An example loan is for $250,000 at 6.99% and that paying $1,000 per fortnight, it will take about 16 years to pay off and you would pay just over $165,000 in interest. Pushing […]
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Posted on December 1st, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
House prices for the past 2 years have been more or less stable, so buying and selling is now a lot more predictable.
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Posted on December 1st, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
True story… Paul wandered onto a car yard and was just casually looking around when a salesperson came up to him and said “Tell me”, if price wasn’t an issue, what you buy here?” Paul glanced around spying what looked to be a relatively new, red BMW Z4 and pointed to it saying, “The Beemer […]
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Posted on November 11th, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Prices are edging up, but only very slowly. The price trends over the last 10 years (1999 to 2009) and the average price of $168,000 in October 1999 has risen to the mid $300,000s, where it has hovered for a few years now.
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Posted on November 11th, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Rental demand has increased over the past three months with both vacancy rates and rent drops decreasing. First National Group’s quarterly property management survey of its network offices across NZ shows vacancy rates have decreased from an average of 6.3% to 4.9% in the past three months. First National Group General Manager John Stewart said […]
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Posted on November 11th, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
You will often hear how you should buy in “up and coming” areas. But what does this mean? Well there is a test for this. English firm Virgin One created the “Cappuccino Test” for an area, based on interviews with over 1,100 buyers and real estate agents. The test showed up trends or signs to […]
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Posted on October 8th, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
It’s a fascinating fact that you go house shopping by initially looking and judging the outside of homes, but once you are in it, you live on the inside and more or less ignore the outside.
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Posted on October 8th, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The median house price for all of NZ from September 06 to August 09. In these three years prices have risen and fallen by small amounts as you can see, hovering around $330,000 to $340,000. The bottom line is that prices are very stable right now.
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Posted on October 8th, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Typical six month and one year rates are around 5.6% with 5 year rates at 8.6%. At 3% higher, this shows that the lenders expect a rise in mortgage rates over the next few years. But it’s not all bad news. These high rates are there partly because lenders have become very competitive, all trying […]
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