33 blog posts Filter

By the Numbers

August 20, 2016

MARKET UPDATE

REINZ reported a 37% increase in sales volume for Kerikeri in April compared to April 2015.  This compares with an increase in Northland of 18%.  Sales volumes in April were down slightly from March in Northland but up 16% in Kerikeri.  Median prices rose 29% in Kerikeri compared to April 2015; again, the highest levels […]

Vendor Responsibilities and Possible Liabilities

August 5, 2016

HANDY INFO

Before entering into an agreement to sell a property you must read and understand the warranties you are giving at general term 6 (or 8 in an auction agreement) of the Auckland District Law Society (“ADLS”) Agreement.  In an ideal world you will seek advice from your lawyer prior to signing any Agreement because unravelling […]

Builders' Warranty

July 26, 2016

HANDY INFO

All designers, consultants, builders and tradespeople involved in residential construction, whether it’s a new home or an addition to an existing home, need to be Licensed Building Practitioners (LBP). The LBP undertakes restricted building work. That is, work related to weather tightness or structure of a residential building. Arecord of works also needs to be […]

Keeping you Informed

June 26, 2016

MARKET UPDATE

It’s important to us to provide honest information and opinions regarding buying and selling property.  This month’s heading for our newsletter reflects this commitment to you. With the shortage of homes and high buyer demand, multiple offers have become commonplace and many of our current sales are now multi offer situations.  Multi offer situations can […]

Supply and Demand Affect Our Prices

April 20, 2016

MARKET UPDATE REAL ESTATE INDUSTRY

We continue to see values going up, especially close to town. Two bedroom units have been selling like hot cakes (as long as they are within walking distance to town). The attraction for inner town living is predominantly the convenience for retirees, having Kerikeri’s cafés and restaurants and all the services at your doorstep and […]

Purchasing Land

April 5, 2016

HANDY INFO

With the current strong real estate market in Kerikeri one of the outcomes is that there is less stock and a limited choice when it comes to buying houses. Consequently, many home buyers are opting for buying a section and building their own home. The process and issues to be aware of: It would seem, […]

Who is the REAA?

March 28, 2016

REAL ESTATE INDUSTRY

The Real Estate Agency Authority (REAA) is an independent government agency that regulates the New Zealand Industry formed under the Real Estate Agents Act 2008. The REAA’s role is to promote a high standard of service and professionalism in the real estate Industry and help protect buyers and sellers of property from undesirable behaviour of […]

REINZ

March 27, 2016

REAL ESTATE INDUSTRY

The Real Estate Institute of New Zealand (REINZ) is a membership organisation representing more than 14,000 real estate professionals nationwide. REINZ represents all facets of real estate including residential sales, rural, auctioneers, business brokers, commercial and industrial sales persons and leasing and residential property managers. District Forum Leaders (DFLs) have been established to ensure there […]

Bright Line Test

March 20, 2016

REAL ESTATE INDUSTRY

The property market in Kerikeri continues to show a trend of increasing sales activity and rising prices. Our graph below shows a rising trend line and also exhibits a bubble around the 3rd to 4th quarters of last year. Our deduction is that this short-term heightened activity in Kerikeri was a result of central government […]

Investors

March 15, 2016

HANDY INFO MARKET UPDATE

Our team are talking to more and more investors looking for property in Kerikeri. The attractiveness of term deposits appears to be diminishing with interest rates a little more than 3% before tax. The share market has its supporters but this vehicle for investing comes with an element of risk not everyone wants to take. […]

Rent or Buy?

March 1, 2016

MARKET UPDATE

Property prices in Kerikeri have been going up and so have rents. Northland rental increases are on a par with Auckland, according to an article in the 17th February edition of The Northern Advocate and “the biggest rental rise across the district was in Kerikeri, up 17% to an average of $363.” There is a […]

Auckland Housing Market Overtaken as NZ'S Growth Engine: REINZ

February 20, 2016

MARKET UPDATE

Other regions now ”setting the pace” for housing market, REINZ says. Other parts of the country have overtaken Auckland as growth engines of the housing market, the latest real estate industry figures show. New record median prices were set in Waikato/Bay of Plenty, Hawke’s Bay, Wellington, Nelson/Marlborough and Otago as the market strengthened in December, […]

2015 Market Recap

January 20, 2016

MARKET UPDATE

2016 has started where we left off in 2015. Homes at the right price and well presented are selling within weeks and, in some cases, within days. We now have interest in all price ranges and, more significantly interest over $500,000. Land sales are definitely up with more people deciding to build rather than purchasing […]