May Comment 2004
BRITOMART
For a decade while working furiously out of Barfoot & Thompson's Head Office in Fort Street, Downtown I watched with dismay the vacant and deteriorating lovely line of old buildings along Customs Street.
I was pioneering the start of the City Apartment phenomenon and would daily...
> Read more
March Comment 2004
MARKET STRENGHTENS
Despite the New Zealand Herald's opinion that Auckland's property market is due for a correction or slowdown we are pleased to report a further strengthening of the Apartment market.
Significantly we sold on 19 March an 80m two bedroom "conversion" suite in Madison...
> Read more
February Comment 2004
UNAFFORDABLE
The CBD (Central Business District) Apartment market has offered a frustrating opportunity to "first home buyers" in the past but there are rapid changes afoot that may mark the end of a short term era.
Frustrating opportunity because (as opposed to a rundown group house...
> Read more
January Comment 2004
APARTMENTS DYNAMIC
Cap rates, rental rates, capital values, interest rates, depreciation, supply - not to mention immigration, gridlocked roads and culture.
What have I missed????
The parameters that affect our City Apartment market are complex but at the same time terribly exciting for...
> Read more
December Comment 2003
LEASEHOLD IN THE CITY
The leasehold tenure of many City Apartment complexes has provided for some interesting market reaction - the most interesting feature being "no reaction".
That is, buyers have not recognised the leasehold nature at all, not distinguishing any price differential...
> Read more
November Comment 2003
AUCKLAND PROPERTY CYCLE....how long will it last???
Call me simplistic, an intellectual peasant or punchdrunk but consider this:
I began selling Real Estate at the tender age of 27 in late 1981 (yes I'm 50 this November but don't tell anyone!).
This was the start of a gradual recovery in...
> Read more
September Comment 2003
APARTMENTS JUST KEEP ROLLING
This year's unprecedented supply of new Apartment buildings seems to have almost spurred on more interest in the "City Phenomenon".
At last count we were moving from 6,000 units in 157 complexes to 10,000 in another 47 complexes.
Current vacancy rates...
> Read more
Agust Comment 2003
COMMENT FROM MARTIN DUNN, MANAGING DIRECTOR OF CITY SALES LTD
Our Sales force has been inundated with requests for our newest initiative, the "no visit appraisal". It is a service that could only really be offered in a market such as ours where we have every apartment in the CBD on our...
> Read more
July Comment 2003
COMMENT FROM MARTIN DUNN, MANAGING DIRECTOR OF CITY SALES LTD
Our Sales force has been inundated with requests for our newest initiative, the "no visit appraisal". It is a service that could only really be offered in a market such as ours where we have every apartment in the CBD on our...
> Read more
