How to Improve Your Odds of Getting Your Bank to Say Yes Raising Bread and Honey Undoubtedly a Kiwi dream is to own a place of our own. Whether it’s a free-standing house, an apartment, or a tiny home, having a roof over our heads that we can call our own, is something most New Zealanders strive for. Homeownership infuses us with feelings of security…
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Should You Buy a Unit or Apartment for Your First Home?
Should You Buy a Unit or Apartment for Your First Home? In the past, we have always said “Buy land, because they’re not making any more of it” which would suggest that a unit or house with a bit of land would be a better investment than an apartment, especially at the entry level of the market. But let’s look at the facts of Buying…
Converting Your Cross Lease Title to Freehold
Converting Your Cross Lease Title to Freehold Last year we talked about the benefits of a freehold title over a cross lease, so this month we would like to give you an idea of what is involved in converting your title to freehold. The Process to Convert Your Cross Lease Title To convert your cross-lease title to a freehold (‘fee simple’) title you will need…
Property Market Update 2024
Property Market Update 2024 The Auckland real estate market has shown positive signs as we enter 2024. The year-on-year data reveals a promising picture, with the median house price increasing by 1.1% to reach $1,050,000, the volume of sales rising by 7.6% to 1,478, and the days on the market decreasing by 2 days to 37. These statistics indicate a steady but cautious optimism within…
Why Emotions Have No Place in Investing
Why Emotions Have No Place in Investing Investing may appear straightforward, yet emotions – powerful and unpredictable – often hijack this space, leading to decisions fuelled by fear, greed, and hope rather than logic and strategy. While emotions serve us well in navigating daily life, in the realm of investing, they can become our worst enemies. My clients are mostly not what’s known as ‘sophisticated…
Reasons To Be Optimistic About The Markets In 2024
Reasons To Be Optimistic About The Markets In 2024 A year ago, I wrote on the topics below with the same optimism I’ve written about in this article. Suffice to say, it seems I was a little early in my optimism for 2023! To be honest, everything we thought would play out, did play out, it just went a little slower than expected. These key…
Should I Sell My Property On A Pre-Auction Offer?
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:…
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…
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…