Market Comment Archive

OPTIMISM ABOUNDS Happy New Year to our faithful readers/clients, hope you had a better break than I did. Two nights at Pauanui feeding 23 twenty year olds and cleaning up after them, wistfully remembering the carefree days of youth….but it was fun. Then flights to Wellington to oversee a very frail aunt. Rather reflectful on my own mortality. However I’ve been keeping up with... > Read more

GET MOVING Our end of year Auction dates are 11 November, 25 November, 9 December and 16 December - if you are contemplating selling please contact us urgently as our market effectively shuts down from Christmas through to a restart late January. This means that if you miss out pre Christmas... > Read more

FIRST BATTLE LOST Thousands of Blue Chip apartment victims are reeling like Shane Cameron in his first round with David Tua – on the ropes and wondering how much more they have to endure. See Bob Dey’s (Bob Dey Property Report www.bdcentral.co.nz ) courageous criticism of Justice... > Read more

WATCH OUT The NZ Herald today reports our Treasury feeling the “recession may be over”. They feel unemployment is not likely to reach previously expected heights (8%) and bases its upbeat predictions on “the international recovery, positive migration figures, rising business... > Read more

IT'S SPRING! Yes we're still feeling good after the loveliest Winter for years and initiative after initiative from the new Government to redirect the economy. The run up to Christmas has started early and our traditional loss month of July (school holidays, middle of Winter blues) was a... > Read more

THE NEW HOUSING CYCLE While the economists will gnash their teeth we are convinced that a new housing cycle has begun. And you all know how economists get it wrong. Colleague Agents in the suburbs are scrambling to find houses to sell and in the lower price echelons new listings are walking... > Read more

PRE- AUCTION SALES & MULTIPLE OFFERS The City Apartment Market continues to surprise us. While we’re supposed to be in the middle of a “Once – In – A – Lifetime” (we hope) recession the Apartment Market is defying gravity. At City Sales we are regularly... > Read more

BUYERS GALORE Is this weird or what? City Sales has never experienced the plethora of buyers currently jamming our phone lines. Where we have enjoyed common faces at the Auctions – wily investors building portfolios - it is now a sea of new faces and bids coming from unexpected... > Read more

CHEAPER TO BUY THAN RENT??? “A crisis is a terrible thing to waste.” National Business Review tells us today this is now the mantra of the Obama Administration and we suspect their chief advisors are following our website. The strangest opportunity that has arisen out of the... > Read more

CHICKEN LICKEN Ring a Ring a Rosie, a pocket full of posies, Atishoo! Atishoo, we all fall down. Yes, I know, something about the Great Plague in London but to me it was just the chance to hold two girl’s hands at once as we danced around in circles and fell all over each other. Humpty... > Read more

Hmmmmm. Basal cell carcinomas and melanomas slightly faded into insignificance at Pauanui Beach this Christmas. It seemed that every big wig investor/banker/economist/finance minister in the... > Read more

EVERYTHING’S CHANGED The political scene is littered with debris from a very sad era. George Bush is gone in a populist move and the demeanor of the people has dramatically altered. But... > Read more