In March the Auckland City Council released its draft Unitary plan as debate raged in the media over how to solve Auckland’s housing supply crisis. Auckland needs 400,000 new homes over the next 30 years and under the current district plan it is forecast we will only be able to create 300,000. Will the proposed…
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Client Brief: Wanted to start portfolio and had good purchasing power. Took our recommendation as to where and what to buy. Purchase date: Dec 2009RV: $565k Purchase Price: $545k – inclusive of our fee Equity on purchase: $20k Land: 1,153m2 – coastal Dwelling: 3 bed, 90 s/m do up, plus large garaging/ office Rent: $360 p/w…
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Mike and Carolyn were looking to secure a property to launch their day care business. A site was identified and we worked through the process to negotiate the price and terms they required. They didn’t want to settle too early, but they needed access to renovate the dwelling ready for opening day. We agreed a…
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We recently had a brief from a client to source a property with a value up to $1.5m and a 9% + yield. Jan 2013 our client went unconditional on the following: Purchase price $1.450m Rent $136k per annum Yield 9.38% Lease: 4 months in to a 4 year lease with 2 x 4 year…
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In April 2011 Lisa Phillips, Erskine + Owen Director, was interviewed by TV3 about a looming land shortage in Auckland and highlighted that Auckland City Council would play a pivotal part in the timing of the crisis – Click here for the interview. Just under two years on and we are well and truly in…
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We all know what we want. Passive income, a place to grow a family, a business premises that won’t hold us back. But what are the specific goals around those drivers? How do you get there? Where do you start? Start with the end in mind. The stats around planning are compelling. Businesses are far…
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Once you have completed a Plan and Buying Profile you sit back and enjoy life while we get to work – working our networks and monitoring all stock for sale. While we give you weekly updates there isn’t a lot of activity from your perspective – but rest assured we working hard in the background to get you a…
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We care as much about your property as you do! Our dedicated team of property managers use their professional skills to find quality tenants, minimise vacancies and handle repairs, maintenance, accounting and legal compliance. The benefit of our professional service to you, and our focus, is a better return on your investment. Find out the…
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The media says demand for NZ property is on the rise, a recent report suggests it will not be possible to build new stand alone dwellings in Auckland by 2023, the Auckland underground rail is supposedly approved, the Christchurch rebuild is forecast to have significant impact on GDP. How will these factors impact property prices?…
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2nd Quarter Commentary – Auckland market remains buoyant
Auckland’s residential property market remains very buoyant, with annual house price inflation at its highest since late 2007. Pent up demand combined with low interest rates, has resulted in many buyers facing a long search to secure a suitable property. Housing activity indicators have maintained an upward trend since early 2012. February 2013 sales volumes…
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