Should I Sell My Property On A Pre-Auction Offer? Property question Q: I have been talking to a few agents about selling my house later this year. Two of the three have suggested going to auction. I’ve heard of people selling on a pre-auction offer – how does that work and is it a good thing to bring the auction forward? Thanks, Lily W. A:…
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Playing Grinch At Christmas Time
Playing Grinch At Christmas Time Wanting to survive Christmas, avoid debt hangovers and stress myself, I’ve turned to the Grinch and stolen a leaf or two out of his book. Christmas for me, it’s a time of trees, tinsel and twinklement. I fully immerse myself in the spirit of Christmas, enjoying decorating the house, walking the neighbourhood, and marvelling at the Christmas light displays. Somehow…
Property Market Update – October 2023
Property Market Update – October 2023 While a new government goes through the process of “finalising” its make-up and direction for the next three years (and possibly more), the real estate market continues to show signs of strengthening. In summary, the growth is positive but measured. The REINZ reports that October saw steady activity and although overall sales numbers suffered a slight decrease in volume…
The Dawn of a New Era: The Potential Impact of US Bitcoin ETFs on the Crypto Market
The Dawn of a New Era: The Potential Impact of US Bitcoin ETFs on the Crypto Market My first 3 articles in Janet’s ‘Money Matters Newsletter’ were a basic introduction to Bitcoin and the crypto landscape. That was back in March 2022. In the world of crypto, that was light-years ago! To say a lot has happened since then is a massive understatement. The crypto…
What is a Cross Lease?
What is a Cross Lease? A cross-lease is a type of property ownership where multiple parties own a single piece of land in undivided shares. Each party has the exclusive right to use specific parts of the land (eg, your house and garden) and shared rights over other parts (ie, the shared driveway), as set out in a lease agreement that is registered over the…
Property Market Update September 2023
Property Market Update September 2023 I held off writing this report until after the weekend of the 14th of October, and what a weekend it was. Great sporting results and the major event of the ELECTION provided us with a new government and a new Prime Minister. Back to things real estate. Toward the very end of September, we had a noticeable slowing of the…
What a National Party Win Means for the New Zealand Property Market
What a National Party Win Means for the New Zealand Property Market For some time now, the thought of a National Party and ACT Government in New Zealand has meant that property investors would rub their hands together in glee over proposed rewinding of Labour Government tax changes, and a likely result in house price rises, in particular, ‘existing’ investment properties. This would also create…
The 3 Most Important Things You Need To Know When Buying Your First Property
The 3 Most Important Things You Need To Know When Buying Your First Property With house prices having reached their low point, and with mortgage rates settling down it’s a good time for first-home buyers to consider getting into the market. Here are some tips, before you take the plunge! Buying a property is a bit like shopping. How many times have you gone shopping…
How to Choose a Financial Adviser
How to Choose a Financial Adviser Every now and then I will field a phone call asking if we charge a fee for our service, or whether we receive our remuneration through commissions. The person asking this is usually under the impression that a fee model means a completely unbiased approach, imagining that if commissions are in the mix a conflict of interest will impact…
The Property Market Continues to Stabilise
The Property Market Continues to Stabilise The August report from the Real Estate Institute of New Zealand (REINZ) shows steady activity in the housing market compared to the previous year and July 2023. In the Auckland region, the sales count year-on-year was up by 18.2%, indicating a strong increase in the number of sales. The median days to sell within the Auckland region have shortened…