Market Comment Archive

WHAT A YEAR! At least we can’t complain we’re bored. Major political change in the U.S. and at home (finally) has spurred a new confidence in the future that is almost unprecedented. And the speed of change this new government is embracing only bolsters that confidence. The developers are broke, the finance companies are broke and the banks are on the edge so where is the... > Read more

PHEW Our mid month auctions just completed with about 130 attendees. And we were competing with the controversial Erotica “Boobs On Bikes” half naked ride down Queen Street which started at the same time. Yes, there was a head count of Agents before the Auction and all were... > Read more

EXPANSION IN A RECESSION??? We feel very lucky to have started 5 new salespeople this week and 3 others are in training. This week the Reserve Bank Governor had the courage to lower the OCR (Official Cash Rate) which has immediately resulted in some lowered mortgage interest rates. Cap this... > Read more

TAHITI ANYONE? If you’re sick and tired of the typically New Zealand negative press how’s this for a protest? Spending $30,000 a month consistently advertising Apartments in the NZ Herald has resulted in my being honoured with a complimentary trip for 5 days to Tahiti. It... > Read more

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.... > Read more

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... > Read more

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... > Read more

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 day that... > Read more

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... A two... > Read more

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 out) have... > Read more

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... > Read more

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... > Read more