Wellington houses

Should I buy a home in a seller’s market?

Sep 3rd, 2019 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 What a scary time it has become for first home buyers, especially if you…

A tale of two Cities (Auckland vs Wellington)

May 15th, 2018 Market Statistics Andrew Duncan

We have a somewhat interesting situation going on right now, where Auckland has well and truly become a buyers market, while Wellington remains the total opposite. One of the clearest ways to see this play out is by looking at inventory levels… Imagine if, as of today, no more houses came on the market in Auckland. Not a single one….

Wellington median sale price

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…

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…

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…

Home and garden - sell your home

5 things you must do before you sell your home…

Jan 2nd, 2016 Real Estate, Tips for sellers Andrew Duncan

This article was featured in the January 2020 edition of ‘Your Home & Garden’ magazine. Thinking of selling? These 5 steps will provide you with the best possible return on time and money invested when it comes time to sell your home: 1. Painting You should paint bathroom ceilings if they need it, paint kitchen cupboards if the colours are…

Beware of agents that under-sell properties. They are out there….

Aug 11th, 2015 Real Estate, Tips For Buyers, Tips for sellers Andrew Duncan

In case you missed it, TV 3 showed a story recently (10th Aug) about real estate salespeople being approached by property developers wanting to buy houses cheap (avoiding an Auction situation), and offering in return to renovate the property and sell it through the same agent, allowing them to achieve 2 commissions. One of the agents in question told the undercover…