Are property investors making the housing situation better? Or worse?

Apr 27th, 2018 Market commentary, Real Estate Andrew Duncan

Lately, the ‘stop being so tough on property investors‘ rhetoric has gotten a little bit much for me to bear. Fellow property investors – it’s time we started being honest with ourselves.┬áTaking care of your financial future is a good thing and you should be commended for it. You won’t be a burden to the state if you take care of your own finances. At…

Wellington Market Update: Median sale price reaches record high…

Please note: Figures below are generated from REINZ stats and ‘Wellington City’ covers Tawa to Seatoun and everything in between… The big talking point this month… The median sale price for non-apartment properties (houses, townhouses and units) in Wellington increased to $744,373 in February 2018. That’s the highest median every recorded for that segment of the market. Just beating out November 2017’s high of $744k,…

Mailbag: How do you feel the real estate industry needs to change?

Mar 7th, 2018 Market commentary, Real Estate Andrew Duncan

I recently asked my newsletter recipients the following 3 questions: How do you feel the real estate industry needs to change? What would give you more confidence when dealing with real estate salespeople? What part of the real estate process do you find the most confusing? The feedback blew me away. I am touched by the amount of time many of you took to write…

Who should first home buyers vote for?

Who should first home buyers (and real estate agents) vote for?

Sep 6th, 2017 Market commentary Andrew Duncan

The home ownership rate in NZ is currently the lowest it has been in 66 years (approx 63%). It peaked at a high of 73.8% back in 1991 and has been falling ever since. So what’s happened since then? We can all agree, I hope, that a higher home ownership rate is a good thing for families, for children and for our society as a…