May Comment 2008
Apartment Market Remains Robust... We were shocked to see the publicly advertised Barfoot & Thompson sales figures for April at 43% of the previous year’s sales. Our own figures were 85% showing that the Apartment Market is proving very robust – despite the doomsayers. Auctions generally have two to five (yes five!) bidders on each offering and clearance rates...
March/April Comment 2008
HALF PRICE MARKET GAINING TRACTION Yes I’m late but I have an excuse. My apologies to faithful readers for this late comment but a few things have happened since the Blue Chip debacle erupted. For one I got sick – I think the enormity of the damage done actually got to me. If you have tried all those weight loss treatments and failed try surgery combined with...
February Comment 2008
BLUE CHIP? IT'S JUST DREADFUL The Headlines Scream... “The trans-Tasman waters are getting murkier for Blue Chip as it battles Kiwi investors and Australian shareholders” “Desperate Blue Chip Investors await Rent” “Blue Chip Investors Back Call For...
January Comment 2008
CANCEL THOSE NEWSPAPER SUBSCRIPTIONS The best summer since we (some of us) were kids – I’m thinking Sixties – and we have to put up with a barrage of economist panic merchants predicting doom and gloom again. And the sun is shining so brightly day after day after...
December Comment 2007
WE HAVE THE RESOURCES FOR YOU ! This high tech world is going faster and faster. At last week’s Auctions where six out of the six sold under the hammer (and another four apartments sold the same day by private treaty) we conducted transactions that are becoming quite common......
November Comment 2007
OH DEAR - THIS IS GETTING TIRING So called “property analyst” Kieran Trass is again telling us his 2005 predictions of “a 40% crash in apartment values” (I forced him then on National Radio’s Morning Report to admit he was actually buying apartments flat...
October Comment 2007
GOOD NEWS AND BAD NEWS We are genuinely rocking and rolling with 70 apartments listed in September and in most cases they are out the door pronto. As opposed to the Auckland Housing Market our Apartment Market is proving very robust and my prediction of escalating values in the...
September Comment 2007
GET USED TO THE ROLLERCOASTER Yesterday’s Herald on Sunday (2nd Sept) clinically reports that: “Consumer lender Five Star Finance went into receivership last week – the third finance company to collapse within nine days and the seventh to go under in 16...
August Comment 2007
My July web comment (click link) had the media in a frenzy and my Sales Managers in a lather while I was bonding with prodigal children in the European summer. The Herald whinged that we were confusing the market saying it was a good time to buy and that we were also advising people...
July Comment 2007
A WINTER CHILL If you are over committed in the Apartment Market, NOW might be a good time to call us. There is a chill coming over the Auckland residential market with our masters in Wellington hellbent on making you suffer. The BNZ economist Tony Alexander wrote at the weekend...
June Comment 2007
A TALE OF TWO MARKETS As reported in The Sunday Star 3 rd June and NZ Herald 5 th June the Apartment Market continues in two divergent directions. The “spruiker” off plan...
May Comment 2007
HERE WE GO AGAIN (This is New Zealand right?) Just when we were beginning to enjoy ourselves our Finance Minister, Cullen and Reserve Bank Governor, Bollard heard the party and turned the...