Should I buy a home in 2016? Is it still a good time to invest in real estate?

Apr 27th, 2016 Market statistics, Real Estate, Tips for buyers Andrew Duncan

Please note: I am not a qualified financial adviser and the opinions offered here are purely my own. It is critical that you seek professional advice from a solicitor before embarking on any property purchase. Read: Don’t buy a home without speaking to these 5 people first ————————————————- According to CoreLogic, average property values in Wellington’s Northern Suburbs have increased 8.7% in the last 12 months….

That home sold for how much?? (Recent sales explained – get the inside word here)

In a market where the majority of properties are marketed by Tender / Auction / Deadline Sale, it is critical that you become proficient in valuing property as quickly as possible, so you can: A: Avoid missing out on your dream property by pitching your offer too low, and… B: Avoid paying too much for a home you fall in love with. First up: Valuing…

How to Make Unconditional Offers… (Interview with Jenny Cheevers, Part 2)

How are some buyers able to make unconditional offers? Why does my bank insist I have a finance condition even when I have pre-approval? Why do I keep missing out to buyers who are unconditional? What does ‘unconditional’ even mean??? Our last podcast with local mortgage broker Jenny Cheevers was so popular we decided to do a follow-up chat. Listen to Jenny talk here about…

So, you’re in a deadline… now what? (How to approach a Tender / multiple offer situation)

Everyone wants to avoid a multiple offer situation. We all want to negotiate directly with the owner, one on one. It’s programmed into our Kiwi genes to want to start off low, see what the vendor comes back with and maybe meet in the middle if it works for us. To buy a home any other way feels like a bit of a let-down: “We…

How accurate are Northern Suburbs Rateable Values right now?

According to Wellington City Council, new Rateable Values are set to be released mid November 2015. With that in mind I thought it would be an excellent time to examine the relevance of current RV’s. We are going to look at average sale prices compared to RV for each main suburb and tell you exactly what is happening out there. It is fair to say…

Is Wellington set for another property boom?

Good old Wellington, with it’s slow & steady real estate market that sets us apart from the rest of the Country. We don’t have the big ups and downs of Auckland but we truck along quietly in the background with house prices that seem to show so much promise but deliver so little capital gain (over the last 7 years at least). I started in…

Should you buy an investment property? (8 questions to ask before you jump in)

Apr 19th, 2015 Market statistics, Real Estate, Tips for buyers Andrew Duncan

So you’ve scrimped and saved and bought your first home, worked hard paying off the mortgage for a few years, and now you’re wondering – should we buy an investment property?  If so, where should we look? What kind of property makes a good investment? How much deposit will we need? Will the market tank right after we buy it? Should we buy a doer-upper?…

Churton Park real estate – a year in review

Dec 23rd, 2014 Market statistics, Real Estate Andrew Duncan

Here is an infographic we prepared with up to date insight into the Churton Park Real Estate Market and how it has performed over the last 12 months. Click here to view info for Newlands Click here to view info for Johnsonville Churton Park Real Estate – A Year In Review: Like it’s neighbouring suburbs, the Churton Park real estate market has also improved dramatically…

SNAPSHOT: Johnsonville Real Estate Market…

Dec 18th, 2014 Market statistics, Real Estate Andrew Duncan

Here is an infographic we prepared with up to date insight into the Johnsonville Real Estate Market and how it has performed over the last 12 months. Click here to view info for Newlands Johnsonville Real Estate – A Year In Review: Like it’s neighbouring suburbs, the Johnsonville real estate market has also improved dramatically during this past year. Especially over the last 3 months….

Andrew Duncan Harcourts

SNAPSHOT: Newlands Real Estate Market…

Dec 14th, 2014 Market statistics, Real Estate Andrew Duncan

Here is an infographic we prepared with up to date insight into the Newlands Real Estate Market and how it has performed over the last 12 months. Newlands Real Estate – A Year In Review: Like it’s neighbouring suburbs, the Newlands real estate market has also improved dramatically during this past year. Once seen as “Nappy valley” (I was one of 5 kids growing up here) this…