9 things to know about buying ‘off the plans’

Jun 6th, 2017 Real Estate, Tips for buyers Andrew Duncan

One of my readers recently asked me about buying an investment property off the plans (a property that has not yet been built). If you are considering this option, the advice I always give friends of mine is as follows: 9 things to know about buying off the plans… 1. Lock in equity from Day 1? There can be serious advantages to buying off the…

AREC 2017 Review – a.k.a Hair gel addicts anonymous

Jun 2nd, 2017 Real Estate Andrew Duncan

Golden sand, never-ending beaches, warm enough weather to wear shorts and a t-shirt – what’s not to like about being on the Gold Coast! Sadly for us, we spent our 2 days mostly inside a monstrous convention centre, but it was well worthwhile all the same. For anyone who hasn’t been before, AREC is the pinnacle of real estate conferences, especially in this part of…

Q&A Mailbag: Your property questions answered…

Apr 20th, 2017 Tips for buyers Andrew Duncan

In this weeks mailbag we provide a market prediction (living on the edge!), and answer a question around a potential bathroom renovation. Email your question to: property@andrewduncan.co.nz Question 1: “I’m a new migrant. I’ve arrived in NZ last October and have been living in Half Moon Bay, Auckland. We are living in a rental, and are now trying to buy our first house. One basic question….

9 Critical mistakes to avoid when selling your home…

Apr 20th, 2017 Real Estate, Tips for sellers Andrew Duncan

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…

What happens when you can’t agree on which house to buy?

Apr 5th, 2017 Real Estate, Tips for buyers Andrew Duncan

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…

Who needs a ‘free appraisal’ anyway?

Apr 5th, 2017 Tips for buyers, Tips for sellers Andrew Duncan

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…

Quickfire Q&A with Jenny Cheevers, top mortgage adviser

Mar 21st, 2017 Real Estate, Tips for buyers Andrew Duncan

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…

How to cut through agent ‘quote prices’ and make better property decisions…

Mar 6th, 2017 Real Estate, Tips for buyers, Tips for sellers Andrew Duncan

“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…

Q&A: Should I sell my Wellington home now? Or wait till next Summer?

Mar 4th, 2017 Real Estate, Tips for sellers Andrew Duncan

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…

Where are Kiwis moving to right now?

Feb 18th, 2017 Real Estate Andrew Duncan

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….