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,…

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Will the owner get offended if I make an offer below asking price?

Mar 7th, 2018 Tips for buyers Andrew Duncan

I was recently quoted in an article on stuff by Susan Edmunds, titled: Properties typically sell between 2% – 5% of asking price. One of the questions asked was, “Do you risk offending an owner if you make an offer below asking price?”  I’ll share my answer further down, but first… A few thoughts on the sale-price accuracy question: The “asking price to selling price” comparison…

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…

11 Questions to ask before you hire a real estate agent

Feb 5th, 2018 Real Estate, Tips for sellers Andrew Duncan

When it’s time to sell your home, you will find there are basically two types of real estate salespeople out there. The first type will chuck a sign outside, take a few photos, put it up on trademe with a few bullet points in the advert and wait for the phone to ring. The second type will pro-actively go out in search of the perfect…

5 Questions to ask yourself before buying your first home

Jan 26th, 2018 Real Estate, Tips for buyers Andrew Duncan

Buying your first home is a damn big deal. Not only from a financial perspective but from an emotional point of view as well. Kudos to you for embarking on this journey! When buying with a partner, spouse or friend, the purchase of a first home represents a huge leap of faith in your relationship. On the other hand, if you are achieving the incredibly admirable feat…

Who should pay for advertising? Agent or Owner?

Jan 14th, 2018 Real Estate, Tips for sellers Andrew Duncan

It often comes as a complete surprise to owners, that a real estate salesperson will ask them to pay not only their commission but a separate advertising bill on top (and up front). This advertising program usually comes to thousands of dollars. Which begs the one question that nearly every owner ponders at some point in the home selling process: “If I am paying my…

How to guarantee a 5 star review on Airbnb (a guide for owners)

Jan 13th, 2018 Tips for buyers, Travel Andrew Duncan

In 2016, my Wife and I visited 21 Countries in 6 months while traveling around Europe. We stayed in countless Airbnb’s, usually for 3-4 nights at a time. Throughout our travels, we constantly found ourselves making comments like: “This place is nice & clean, but it’s so frustrating that it doesn’t have ‘x’.” The funny thing is, usually it was only tiny details that were…

Kiwi startup ‘Sunfed’ provides tasty, harm-free alternative to eating chicken…

Nov 19th, 2017 Plant based diet Andrew Duncan

Sunfed foods has a new kiwi-made chicken alternative on the market that has already been so successful, in such a limited time, that the NZ poultry industry has taken the owner (Shama Lee) to the commerce commission.* Introducing: Sunfed chicken-free chicken Find out more at their website or facebook page. Why is this new product so important? Sunfed is disrupting big business. Did you know, that…

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…