Some have likened Covid-19 to this generation’s war. My Grandfather who died in the war, and my Grandmother who had to deal with his death would probably shake their heads and tell me I‘m as soft as an over ripe avocado. That said, it is probably the greatest challenge this generation has faced and that…
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A 25 basis point drop in the OCR from the Reserve Bank was largely expected and so we were surprised there was no change. Why did we expect one? Because the NZ economic growth rate is slowing, inflation is at the lower end of the target range and worldwide interest rates continue to recede…
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For years people have asked me, as a financial advisor and co-director of Erskine + Owen, if I thought a capital gains tax would come in at any point. I’ve always said it’s possible, but it would have zero to minimal impact on house prices, certainly in the medium to long term. And here we…
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At the moment we don’t seem to be hearing much talk about property busts, not in NZ or many other countries. Are property markets maturing, is the age of a boom bust cycle at an end? It reminds me a bit of my bike riding age when I was about 10….bear with me… As kids we…
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What were we thinking! My last update was just after the election with a summary of what I thought the impact on the property market would be from the new Labour government. Now we are 4 months in we thought it about time we did a review…and then of course look forward again. Our overall…
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NB: Since writing this article the RBNZ (as predicted) has announced easing of LVR rules effective 1 January 2018. Our analysis of this will be published next week. We have a new government in NZ, finally a decision, and now the burning question is what will the Labour impact be in general and specifically on…
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Media Release, 26 October 2017 A private residential syndication of a well-known Queenstown property is attracting huge interest as investors look for ways to diversify and grow their property portfolio, according to Auckland based property investment company, Erskine + Owen. Malaghan Alpine Lodge on Queenstown Hill is almost fully subscribed, with investors staking a claim in…
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We recently bought a 31 room, short stay lodge, just 2 streets from the main street of Hamilton, and a building 80% of building code. It was offered to a select number of clients on a syndicated basis. Syndication is simply grouping together a number of independent investors to buy one property. The purchase…
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Housing – and the cost of it – is one of New Zealand’s hottest political issues. Despite the hyperbole, the fundamentals are sound and it remains one of the best long-term investments according to Alan Henderson, Director of property investment experts Erskine + Owen. As a property investment expert, as well as an experienced residential…
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Residential Property Investment Post Covid 19 – Directors Market Commentary
Two months ago NZ’s property market was on its way to posting record high house price growth. And then Covid came. While we navigate the property market through these extraordinary and uncertain times – there is one thing that is not new in times of crisis, and that is the speed by which the media…
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