Everything you need to know about Meth contamination in residential property

Jun 4th, 2018 Market commentary, Tips For Buyers, Tips for sellers Andrew Duncan

A new report has been released by the Prime Minister’s Chief Science Advisor which questions all our assumptions around ‘safe’ meth contamination levels in residential houses. The report essentially says the old trigger level of 1.5 mcg per 100 sq cm was way too over-zealous and contamination levels would have to be many, many times higher to even have the possibility of causing negative effects….

The 11 smartest things I’ve learned about money (advice to my 18 year-old self).

Apr 8th, 2018 Personal finance, Tips For Buyers Andrew Duncan

I’m no Warren Buffet, so you don’t need to (and probably shouldn’t) take financial advice from me. But I wrote this article because, as Kiwis, we are reluctant to have conversations about money. It’s a taboo subject. There is so much we can learn from each other’s discoveries and mistakes. I’ve sure made some hash-ups along the way. I’ve written this post so you can learn from…

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…

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…

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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…

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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…