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HALF YEAR REPORT 2018

August 22, 2018

MARKET UPDATE

We have frequent queries about the Kerikeri district real estate market and it’s possible patterns or current features. There has been a steady first half to 2018 with sales volumes returning to average levels prior to the peak levels from late 2015 through 2016. There have been 171 sales in the Kerikeri and surrounding areas […]

Market Update - 1st Quarter 2018

April 24, 2018

MARKET UPDATE REAL ESTATE INDUSTRY

There has been a sound start to the first quarter of 2018 with 92 sales in the Kerikeri and surrounding areas, compared with 106 in the same period of 2017. Some of the reduction can be explained by the slow turnaround of LIM reports and the sale of sections awaiting titles leading to longer unconditional […]

5 Year Bright Line Test

February 23, 2018

HANDY INFO REAL ESTATE INDUSTRY

We wanted to alert you to the fact that the government has now introduced legislation to parliament that will make good their policy of extending the existing 2 year bright line test to 5 years. The bright line test will impose income tax on any gain made from disposal of a residential property that is […]

MARKET UPDATE - 2017 in review

February 9, 2018

MARKET UPDATE REAL ESTATE INDUSTRY

Greetings Everyone! We hope 2018 is a great year for you. Straight into analysing the real estate realm we note QV was pointing to LVR speed limits, stricter retail bank lending criteria and uncertainty ahead of the election as the reason for 2017’s overall deceleration of residential property value increases. However, we also saw periods […]

Growing Pains

December 11, 2017

MARKET UPDATE MISCELLANEOUS

We don’t know if you’ve noticed, but Kerikeri and Waipapa are really busy!!! It seems that what we used to call ‘the Christmas holiday rush’ during December and January now starts from Labour Weekend and really doesn’t slow down until May or June! This can be attributed mainly to the growth that Kerikeri is experiencing, […]

MARKET UPDATE - Third Quarter 2017

October 16, 2017

Uncategorized

Another above average sales month for Kerikeri and the surrounding areas with 37 sales reported up from 27 in August, but down from 69 on September 2016 (an unusually high month). The median price for house sales was $636,000 in September, which is well above the national median (excluding Auckland) of $452,000. The median house […]

The REAL Issue - September 2017

September 26, 2017

MARKET UPDATE REAL ESTATE INDUSTRY

Greetings Everybody! At the time of writing this article the nation’s attention is firmly focused on the upcoming election and there is definitely a feeling of uncertainty on how the results will impact the property market. While sales statistics indicate a slow down across the country particularly in Auckland, most are forecasting a steady market […]

Riverview School Bazaar

September 19, 2017

REAL IN OUR COMMUNITY

Another brilliant Riverview School Bazaar was held in good weather last weekend with the REAL Team providing over 1,000 sausages and volunteering to man three sausage sizzle sites on the day. Pete Gentil also provided his usual MC services, keeping everyone informed and enthused throughout the event. A huge number of people attended enjoying a multitude […]

A Huge Auction Success

September 19, 2017

REAL ESTATE INDUSTRY

This little gem sold under the hammer yesterday and a huge success it was. The REAL team achieved a result well above Vendor expectations and we’re all rapt with the outcome. Not every property is suitable for Auction, so speak to the REAL team about the best options for your property and remember, the REAL […]

MARKET UPDATE - 2016 YTD and 2017 YTD Kerikeri Sales Comparison

June 28, 2017

MARKET UPDATE REAL ESTATE INDUSTRY

Sales volumes down, prices up on lack of stock The latest property sales stats from REINZ for the Kerikeri area through May 31st show a similar number of sales for homes selling for over $500,000 as compared to the same period last year. However, it is a different story in other categories with a decline […]

That America's Cup Buzz

June 27, 2017

MISCELLANEOUS

The buzz of the America’s Cup is all around us! What a win! We have so much to be proud of when it comes to ETNZ, not to mention the fact that 3 of the crew have ties to Kerikeri. We can also be proud of our leaps and bounds in innovative yachting over the […]

Irrigation - Kerikeri’s Underappreciated Resource

May 15, 2017

HANDY INFO REAL ESTATE INDUSTRY

One of the major appeals for people moving to and living in Kerikeri, is the prospect of living ‘the good life’. Getting their hands dirty and growing their own patch is one of these aspects. Kerikeri’s history of being one of the first horticultural areas in New Zealand was created by our free-draining volcanic soil, […]

The Risks of Meth When Buying and Selling

April 11, 2017

HANDY INFO MISCELLANEOUS

A test to check for the presence of meth when purchasing a property is becoming more common, there is still a lot of speculation and miss-information out there, but it is something we have to deal with and there is a process to follow once there has been an indication of the presence of Meth […]

Time to Invest

March 14, 2017

MARKET UPDATE REAL ESTATE INDUSTRY

The rental market is a great measure of the health and state of the real estate industry. Here in Kerikeri, we are experiencing a simple case of low supply and high demand for housing, resulting in soaring rental increases; some between 15%-20%. Below are a few tips on base improvements that can be made to […]

How's the Real Estate Market?

March 7, 2017

MARKET UPDATE

Everybody has their own personal take on what is happening in the real estate market and depending on their circumstances, it will have a major influence on what they believe. Buyers regularly push the belief that the market is softening because this is what they want to believe. Often, they will actually make a story […]

The Myths of International Marketing

December 7, 2016

MARKETING REAL ESTATE INDUSTRY

As real estate salespeople, we’re often asked “Why should we list our property with your agency?” Every agency and salesperson has their own response to this question. Some will try to sell you their glossy marketing magazines and advertising programmes often resulting in a hefty vendor funded campaign. Some will tell you their brand presence […]

Rateable Valuation vs. Market Valuation

November 16, 2016

MARKET UPDATE REAL ESTATE INDUSTRY

Obviously, there are less boring things on God’s green earth to talk about than Rateable Values (RV), but it’s an important subject nonetheless. Common misconceptions of the true meaning and a bombardment of other acronyms have left a few, well, misguided. RV is also sometimes known as the Government Valuation (GV) or Capital Value (CV) […]

September Market Commentary

October 12, 2016

MARKET UPDATE

A huge 69 sales for Kerikeri and surrounds (inside the Kerikeri High School zone) in September sets a new record for any one month. This high number of sales was driven primarily by increased interest in bare land and lifestyle properties (land size above 1 hectare). This brings the number of unconditional property sales in […]

GST – Compulsory Zero Rating Rules

October 11, 2016

HANDY INFO REAL ESTATE INDUSTRY

The introduction of the compulsory zero rating (CZR) rules for all land transactions between GST registered buyers and sellers of real estate has greatly simplified the IRD’s role in collecting GST but has significantly complicated the roles of everyone else who must work with the rules. This typically includes both vendor and purchaser, their legal […]

Latest National Sales Trends and Kerikeri’s Outlook

September 3, 2016

MARKET UPDATE REAL ESTATE INDUSTRY

Sales figures for July, released earlier in the month by REINZ, show a cooling trend in the property market for all of New Zealand, driven largely by a slowdown in Auckland. This slowing of sales was also reflected in Kerikeri’s figures for July – yet enquiry from buyers is still going strong! New listings have […]