Andrew Duncan - Real Estate Blogger. Thoughts, advice and market commentary with a bit of world travel thrown in for good measure. I love working with nice people, enjoying plant-based food, crossfit, NFL and living in New Zealand.
property@andrewduncan.co.nz
+64 27 428 6686
You get one chance at selling your biggest asset. Isn’t it important that you get it right? When it comes to selling your home, it’s easy to make mistakes. Problem is, those mistakes can be extremely costly, and hard to recover from. These are the most common traps I see owners falling into. Avoid them at all costs! Mistake 1. Over capitalising on renovations. When preparing…
Have you fallen in love with a home that your partner just can’t stand? Choosing a home can really test a relationship. The act of buying such a large asset is fraught with emotion which can seriously cloud our judgement and effect our ability to make sound investment decisions. Houses are interesting because for most of us it is the single biggest financial investment we…
Up until recently, there were 2 common ways you could figure out the value of your property: 1. Contact a real estate agent and invite them round to your home to give you a ‘free market appraisal’ and have this awkward situation where you want to know the answer but you don’t want them to hound you every 2 days with a phone call until…
My first podcast with mortgage adviser, Jenny Cheevers turned out to be a huge success. So we put together this little update where we answer some of your most common questions around finance. For example: Do you really need a 20% deposit to buy a home? How have the new 40% LVR rules for investors affected the market? Should a first home buyer pay off…
“It sold for $200k more than the agent told me it would!” Nothing frustrates a home buyer more than falling in love with a property, getting hooked in by the suggestion that it would sell in your price range, spending thousands on due diligence, only to get to the Auction and see it sell for hundreds of thousands of dollars over your budget. The truth…
QUESTION: Hello Andrew, I was wondering if i could trouble you for an opinion on whether you believe there will be a significant change in Wellington housing market in the next 8 months? I was planning on selling next spring / summer (end of 2017, early 2018). Selling right now would be possible (March 2017), but not be very convenient. However I’ve had another agent advise me about interest rates rises maybe affecting the…
The team at movingpro.co.nz recently shared this infographic with me and I thought it made for interesting reading. Scroll down below the image to read my thoughts… Key points (based on their last 1000 moving requests): 23% of kiwis are moving to Wellington. 43% of moves are to another City 65% of movers leaving are fleeing from Auckland The first stat is quite a surprise….
A few weeks ago my Wife, Annah and I visited two open homes in an area we are considering moving to. Open Home 1 The first house, a character ‘do up’ on a big flat section was well sign posted and we proceeded to stroll inside. We were able to walk through most of the house without meeting the agent which was slightly concerning but…
Airbnb is making Motel owners broke all over the world. Uber is driving taxi drivers crazy (excuse the pun). Trademe made the ‘trade and exchange’ magazine obsolete almost over night. Will something similar happen in the real estate industry? Is it due for a shakeup? Firstly, it’s a question of trust. One of the main functions of any company is to provide a level or trust…
I saw the following questioned asked of Mary Holm in one of her recent columns (NZ Herald): Q: I have a student loan and I want to buy a house. I have a cash deposit, so I’m considering paying off my loan in full while using the remainder of the cash as my house deposit (as I have enough to do both). But I’m not…
