Posted on February 8th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Aucklanders are buying beach properties in holiday locations up North. Over half of the sales of holiday homes/family homes have been to Aucklanders. Sale prices in the Northland area have risen 6.3% and number of properties have increased over 37% for December 2012 over December 2011. This has been the best, it has been for […]
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Posted on February 8th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
In December 2012 the National Head Office shifted from Tauranga to Auckland. You can find us in Building 5, Level 2 Central Park Business Complex. 666 Great South Road, Penrose. You cant miss us, step out of the lift and look for the giant ‘swash’ on the office doors.
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Posted on November 20th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Asking prices rose to a new high of $445,529 for residential properties, up 4% in the last month and 5% compared to a year ago. While there is a significant rise in new listings, the market still favours sellers. Stock of unsold houses rose slightly to 33.1 weeks of stock; however, this is still down […]
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Posted on November 12th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Across the country the BNZ Confidence Survey 2012 found a firm lift in business confidence, this is the highest level since July 2011. The sector providing the strongest confidence is the real estate sector. The continuing shortage in listings is driving prices up across the country, particularly in Christchurch and Auckland. – BNZ Weekly Overview […]
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Posted on November 10th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
While our economy has only grown by 2% over the last year, this is a reasonable result when compared to many other economies. Our export commodity prices have risen, interest rates look to remain low and our government debt is low. “Overall, during a time of major worries overseas, we are looking good” stated the […]
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Posted on October 23rd, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Tony Alexander provides his recommendations in relation to borrowing in the current market: “I would fix for two years at 5.4% with some of my mortgage left at the floating rate of 5.74%. I would do this because the two year fixed rate is nicely below the floating rate. The chances of the floating rate […]
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Posted on October 15th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
A simple dynamic for our continuing strong housing market is that we have a shortage of housing (largely Auckland). The shortage is exacerbated by lack of construction of new homes and funding for developers. At the moment, the buzz word is Auckland but with people trading stories of being out-bid at auctions, investors are looking […]
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Posted on October 15th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The outlook by a leading economist is that there will be no change in interest rates until 2014. What influences our interest rates is a list too long to print, however, some of the key influencing factors are: how high the NZD goes, will it go higher? Other factors influencing interest rates are the uncertainty […]
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Posted on October 12th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
New listings rose during September with an increase of 7.6% on August but up only 0.3 when compared to September last year. The early spring property market continues to show signs of confidence and heightened activity. Confidence amongst sellers bringing their properties onto the market stabilised in September, with the truncated mean asking price steadying […]
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Posted on September 24th, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The advantage of a ratelock is that it gives you the option to ‘lock in’ a fixed home loan interest rate for a period — typically up to 60 days — to protect you against interest rate increases. To enter a ratelock agreement you will need to have a confirmed settlement date, the exact loan […]
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