North Shore median sale price jumps up 7.2% vs. previous quarter

Nov 15th, 2017 Market statistics Andrew Duncan

Supply and demand. It makes all the difference. Teachers have been preaching to us about it since 5th form but sometimes we just forget the basics. It’s easy to pick on the Auckland property market, I know I certainly have. After years of ridiculous growth, surely it was bound to endure a correction? North Shore City Median Sale Price, 2010 – 2017 How could prices…

Mailbag: When is it a good idea to make a pre-auction offer?

Nov 15th, 2017 Tips for buyers Andrew Duncan

In this weeks mailbag, we discuss pre-auction offers! Read on for tips, advice and a little-known clause that could give you a massive advantage when making an offer pre-auction. Question: When (is it a good idea) to do a pre-auction offer? This property is priced within its evaluation range 650-680 price indication. I’d really like the property, but the agent says (any) preauction offer would…

When is the right time to buy? Should you try to ‘time the market’?

Nov 13th, 2017 Real Estate, Tips for buyers Andrew Duncan

One thing stronger than our fear of missing out is our fear of making a bad decision. we become paralysed with indecision and anxiety when presented with too many choices. Isn’t it interesting how we get paralysis by analysis over something as simple as buying a vacuum cleaner, or deciding which hotel to book? You experience it on an even more intense level when you go…

Wellington median sale price up 8.7% – Market update, October 2017

Oct 14th, 2017 Market statistics, Tips for buyers, Tips for sellers Andrew Duncan

An extreme shortage of properties caused the Wellington median sale price to jump 8.7% in September. Read on to find out how this came about. But first… Uber sees 100% increase in new driver applications! An underwhelming 181 properties changed hands in Wellington City in September (based on REINZ stats). To put this in perspective, nearly twice as many properties (334) sold in September last…

How to sell a plaster home: The 7 step guide

Oct 14th, 2017 Tips for sellers Andrew Duncan

Are you contemplating selling your plaster home? In this article, I outline the seven key steps you need to take to maximise your chances of achieving a successful sale. Disclaimer: I am not a builder. Please, please, please speak to your solicitor, building inspector and other professional advisers as necessary before buying or selling a plaster home. This information is based on my experience working…

Wellington real estate market update, September 2017

Sep 15th, 2017 Market statistics Andrew Duncan

What effect does the election have on the Wellington real estate market? REINZ figures show 210 sales for Wellington City in August. This was up 5% from the month before (199 sales in July) but down a whopping 27% from August 2016 (290 sales recorded). So volume is down… Quite a bit! To be fair, this is pretty typical, especially in Wellington where most potential…

Q&A Mailbag: Should you buy an apartment as your first home?

Sep 6th, 2017 Tips for buyers Andrew Duncan

In this weeks mailbag, we answer a common question about whether you should consider buying an apartment as your first home. Email your question to property@andrewduncan.co.nz Question: “I found your blog whilst doing some research re. potentially buying our first home. I’m a firm believer in doing my homework, and in particular, getting an unbiased opinion… Hence, I was wondering about your thoughts re. our…

What is the best way to sell? Auction vs Tender. We ran the numbers…

Aug 16th, 2017 Tips for sellers Andrew Duncan

Wellington has always been the Tender capital of the world, and now Auctions have become popular as well. Right now you might just feel like every home you look at is up for Tender or Auction. Why so many Tenders/Auctions? Why won’t they just give us a damn asking price? Smart home owners will always look to employ a strategy that will allow them to…

13 Cheap and uncommon ways to add value to your home…

Aug 9th, 2017 Real Estate, Tips for sellers Andrew Duncan

Are you looking for cost-effective ways to add value to your home? Would you like to increase your potential selling price or valuation without spending the earth? When it comes to renovating, costs can spiral out of control if you are not careful. So this list has been prepared with frugal-ness top of mind! You might think some of these suggestions are obvious but you…