May Sales Volumes Very Low

As low virtually as 2008 levels
About 540 houses sold in Wellington region in May. Boom was about 1100 a month 3 or 4 years ago.

And June felt like lower volumes of sales to me. Figures are not out yet. Felt like 450 I will guess.
I would like to blame the weather. It may however be the market is weakening.

The odd thing is that inventory of houses for sale is low and falling, and days to sell are down about 30% on a year ago. And median price down so little it dosnt really count ( though they are down 2 months in a row) Gives weight to winter blues rather than change in market.

In context , the lowest I have ever known was 1992 ( yes, I can remember that far back!) I recall a month of 380 sales and let me tell you, that was tough! I recall a newspaper headline " NZ to become Bananna Republic?" Well we didn't.

Wonderful Wellington House

Brooklyn
Decided the previous blogs house deserved a specific mention.
Either new or refitted. InAston Fitchett Drive, a street of otherwise generally bland 15 year old Fletcher homes. Well done

Wonderful Wellington View

Aston Fitchet Drive Brooklyn
On the way to the wind turbine and well into the clouds usually.

Great view, and from a nice looking house I had never noticed. The subdivision is 10 or 15 years old. Not sure if the house is newish or a refurbishment. Well done either way

Wonderful Use of REAL Money

Wonderful Wellington Property: Buy a commercial building. Put your apartment on top!
I believe all three of these buildings have a "beneficial owner" who uses, or has used the Penthouse themselves. I don't know for sure with one of them.
Now isn't that smart? No body corporate, generally no noise, and look at the locations! Interestingly the photos were taken virtually from one spot. Well done!

Wonderful Wellington: Wonderful Disdain For Global Warming .

Fascinating new house being built within 2 metes of (current) high water

This unfinished home is just as you enter Days bay, towards Eastbourne.
Between the road & the sea. A very cool place to be. Views through the heads & to the Kaikouras. Looks like its got great solar heat collection ideas.

I was told years ago the cottage bowled to build this was Katherine Mansfields' family weekender. ( 100 years ago the genteel took the ferry over to their cottages for the weekend at "the seaside" Hasn't changed a lot really!)
Full marks!

Wonderful Wellington: Wonderful Disregard for Convention

About the only handmade roof I've seen. And I've seen a lot of roofs.

It would be exaggerating to describe this Cuba street Petone roof & wall treatment as handsome.
But there are few that would so disdain convention as to do this. Nailing flat iron over both roof & upper wall areas, including flashings is both a mission and also thinking not limited by roofing convention.
Full marks to the Kiwi number 8 wire philosophy, and independent thinking!

Oil Spill Twitter site

Sorry.I so can not get the "hyperlink" function to work.
The address is

http://twitter.com/bpglobalpr

Oil not Real Estate.

The Best Use of Twitter so Far

Not real estate, but you have got to see the black humour in this site!


Its about the oil spill.You can see how twitter works here. 130 000 followers.

Example: Try our cap operation at home! Hold a funnel over a firehose, sell what you catch and proclaim victory! #bpwins

Mount Eden Prison 2X Allowed Height

Yes, 30 metres high, in an area you or I could go to 15 metres. Visible from motorway.
Two great quotes!

" The prison was passed in the "dearest" Helen Clark years. Council wanted 4 levels but Helen & Goff- who was Corrections Minister at the time- bulldozed it through . The documentation is clear. This communist style monstrosity is a fitting tribute to the Clark years'

And

" Its an eysore, a a monstrosity, a blight on the landscape. So it fits nicely into the architectural plan of Auckland."

When The Big One Comes

Soho Apartments is only one of 3 apartment buildings in Wellington, I am told, that comply with the latest code. The complex is actually 4 16 story towers, each of which can sway 600 mm without damaging each other. Good for a magnitude 8.5 shake...but I trust its not tested!

Soho Apartments Facebook Site

Soho Wellington is going to be handed over to the 325 new owners tomorrow, Monday 17th March 2010.It looks like I'm going to be at this 325 apartment landmark a lot now. Just been appointed Agent for Conrad, to sell their remaining units. And with the size of the development there will be a ton of things owners want to know & talk about. So here's the spot.

Until I sort this hyperlink you will have to cut and paste this I'm sorry.

http://tinyurl.com/24k9uat

Soho Apartments to Settle Soon...all 325 of Them

I was talking to the overall project manager for Holmes Group, the builders, yesterday. When I asked what he will do when Practical Completion is signed off, and the building handed over to Conrad, the developers, he paused, then said...."taking a long holiday" !
It is a mammoth development.
Must be a $100 million complex.
Await being allowed in to view with anticipation.
Practical Completion is hoped for today or tomorrow.

Wonderful Wellington Properties: Will Be Wonderfully Dramatic Apartments!

Tattoo Apartments, Abel Smith Street.
5 metres of floor to ceiling glass.
Note: declared interest. I have an agency to sell these!

Wonderful Wellington Properties: Wonderful Garden Art

Great the things a real estate agent sees in the back ways and byways...and there are plenty around Wellington. I will try and get a better photo.
Lovely art generously placed in a woody garden. Its in the quiet cul de sac of Joll st Karori. Well done.

A house I believe is Lloyd Morrisons' in Bolton street also has some great art visible from road.

Wonderful Wellington Properties. Wonderful Use of Road Reserve

These people have developed a very steep site into garden. Fruit trees, vegetables, semi permanent structures, between road and house. Full marks! Very hard to photo sorry, & address withheld.

Wairarapa Weekend won. 101 People Did Survey

Great Response Thanks!
What findings came out of the survey?
For you:
Few investors plan on getting out of investment property as a result of what has pretty much been announced for the budget. And if you did most would do up your house or put it in NZ banks. IE it will pretty much stay in NZ property one way or another.

For me:
I got a really high open rate (35% of the 664 emails I sent) and really high survey answering. 15%. Thank you.
Very low "unsubscribe" at 1% and only 2 negative comments, When you survey for "satisfaction" you do feel a bit vunerable!

The 2 most common comments, about 14 said you were happy as things are & about 6 of you want me to spell better!
You may imagine these 6 could all be teachers..but one I know is a chef who runs a great eating place in Tinakori road! Sorry, its not likely to get much better. Im proud I do it myself. ( I deliberately left that apostrophe out, Hemi!)

You can see the results in cool graph form here if interested Im sorry but I cant seem to insert a hyperlink You will have to cut & paste this.

http://survey.constantcontact.com/survey/a07e2v5r83cg8c6zc0d/results

Wow! Volume of Stock Falls in Wellington

Dominion Post confirm. Leaders copy falls in this weekends Saturday paper to 6 pages. February high was 16. Its not jus Leaders, same thing with all companies by the look of it.
We prefer less stock to the huge wave then. Less stock, firmer prices, keener buyers, leads to more listings. A happy cycle!

Last Chance for Weekend Wairarapa Prize

2 nights prize .Stay here
Hi my Wellington real estate survey. Should take 3 minuits.
Sorry, you have to cut & paste. This site will not hyper link the adress.

http://survey.constantcontact.com/survey/a07e2v5r83cg8c6zc0d/a011gg8s2sw33/questions

Closes Sunday

Prize Chance For Helping With Survey

When you do this survey you go in the draw for a prize you will love.
2 nights accomodation at the exquisite "Garden Cottage", A beautiful farm retreat at Tinui Station in the Wairarapa, 2 hours from Wellington.
Get in the car & get away.
Value $260. Winner notified this weekend. Arrange dates with Kelso & Jane, the owners, to suit you both. Valid till the end of August.
View the beautifully furnished getaway cottage here:

http://www.holidayhouses.co.nz/properties/9514.asp

,
I want to make what I send as useful and interesting as possible.
The web now gives me the ability to tailor what I send better.
And so I would like to know what about property in Wellington interests you enough to read what I write about.
I appreciate you taking 2 or 3 minuits to do this.
Note: The odds of winning the getaway are good!


Sorry, for some reason this site wont let me put 2 hyperlinks on one blog . So you will have to cut & paste this.

http://survey.constantcontact.com/survey/a07e2v5r83cg8c6zc0d/a011gg8s2sw33/questions

If anyone can help as to why I can insert one but not the other I would apreciate comment.

Wonderful Wellington Property. Wonderful House

Sol de Mer, Peka Peka
Fritz & Helen Eisenhofers' own futuristic home. Built by Fritz himself, 20 years ago.
What is there to say but awe inspiring. Built in a concrete dome 9 metres high, buried in the sandhill. Pool inside for heat sink. Noted internationally. Fritz recieved a New Years Honour this year ( in fact it was hung around his neck this week).
You can find out more about this remarkable architect here. http://fritz-eisenhofer.com

Wonderful Wellington Buildings. Wonderful House

Yes, a bit Left Field.
Dowse Drive, Maungaraki.
I love the design!
Cant find Architect. Built 1966. Very Fritz Eisenhoffer/ Frank Lloyd Wright/Miles Van der Rohe.Note near wall is concrete or block.
Two cool chairs in it that suit real well.

Wow! Landlords Look at This Wellington Judgement

This is told to me by local landlord. Would say Tenancy Tribunal go about things in an "Interesting" way sometimes.
Hi Colin,
You might appreciate this little twist on the story of giving notice. We bought our latest property on a tenanted basis. The tenants’ fixed term lease had ended a month or two before the property was put on the market. The vendor didn’t bother to get the tenants to sign a new written agreement. A week before we settled, the tenants walked out. According to Tenancy Services legal advisor, because they hadn’t signed a lease, they didn’t have to give notice and we couldn’t recover lost rent from them. Instead, the vendor had to pay us an equivalent sum to compensate us for not rolling over the tenancy.

To which I replied:
"Hi ......
Tenancy services said they didnt have to give any notice whatsoever, or only 3 weeks?

Tenancies become periodic at the end of fixed term. It is a easy to miss issue!"

But the kicker was her reply:
"No notice required at all.
If a fixed term lease ends and the tenants remain in possession of the premises, there is a stand down period of 90 days before the Acts deems there to be a periodic tenancy (s60(2)). At first I thought s 60(1) gave us the right to notice bc it says the tenant’s obligations shall continue in force but of course it didn’t because the fixed term lease didn’t include any notice period. Everyone was taken by surprise – our lawyers, their lawyers, the agents…."

Wellington Beach Front 900 square metre Home

Yes, If you want Wellingtons best beach house, offers close next Thursday Call me before then.80 metres beach frontage, 1 hour to Parliment ( or home, or work)
or 15 minuits from jet capable airport.
Or room for 4 helecopters on the front lawn.
View Video & photos www.BeachHouseWellington.com

Wonderful Wellington Buildings. Wonderful Commercial Building

Here's what will be an ongoing list of Wellington buildings that improve our environment

The Racing Conference Building, Victoria st.

Brave in its day. Glamorous. Has stood the test of time. One I and architects' can agree on, it has won a 25 year award from them. I assure you I'm not influenced because 2 different friends of mine have offices in the building! The Lido below is still pivotal; location, view & pedigree.

Wonderful Wellington Buildings. Wonderful Alteration

Heres what will be an ongoing list of Wellington buildings that improve our environment

Wellington City Council Building, Civic Square

Full markes for a building that now looks good in and out, & works well.

Wonderful Wellington Buildings. Wonderful Apartment Block

Heres what will be an ongoing list of Wellington buildings that improve our environment

Makita, Oriental Parade
Most of whats new in this dress circle area ranges from dull through bad taste to OK. This is tasteful, & enhances the very fine location. Well done.

Wonderful Wellington Buildings. Wondeful Public Building

Heres what will be an ongoing list of Wellington buildings that improve our environment

The New Supreme Court, Lampton Quay. This I feel will stand the test of time. I have discussed its creation with Labour MP Rick Barker who was involved. I like the brief, I like the look. Just discoverd today there are public tours. Must take one.

Ugly Wellington Buildings. Ugliest Alteration

Inspired by the blog "Ugly New Zealand", here are 4 nominations of buildings that peeve me every time I see them. Other nominations invited. I'm doing them as 4 separate blogs

The "Burger King" building, Manners Mall.
First glance shows a beautiful old Bank building.
Terry Serepesos now of Phoenix & T V fame, got consent to build this truly tragic mess on the roof. In an example of literally "pushing the boundary" he then added insult to injury by building, I recall, 1.5 metres forward of his consent. An uproar ensued, abatement notice was served...but it still stands there, a blot on the civic landscape.

Ugly Wellington Buildings. Ugliest Public Building, & Greatest Detraction To Location

Inspired by the blog "Ugly New Zealand", here are 4 nominations of buildings that peeve me every time I see them. Other nominations invited. I'm doing them as 4 separate blogs.
The Von Zeldits Building, Kelburn Parade.
I fume every time I drive through Victoria University Campus.I imagine like all the residents of Kelburn. A bigger pile of rubbish in a neighbourhood is unlikely to be found outside the ex soviet block. I count at least 8 building that have ruined this area. The black joke to me, is the University boasts a "School of Architecture"!

Ugly Wellington buildings. Ugliest Apartments.

Inspired by the blog "Ugly New Zealand", here are 4 nominations of buildings that peeve me every time I see them. Other nominations invited. I'm doing them as 4 seperate blogs.
Kent Apartments, Kent Terrace
There are many contenders for this award. I nominate this because it occupies such a visable spot. To me looks thrown togeathere, The window joinery being the same colour as the building grates.

Ugly Wellington Buildings. Ugliest House

Note: This will be followed by a blog on "Beautiful Wellington Buildings"
Inspired by the blog "Ugly New Zealand", here are 4 nominations of buildings that peeve me every time I see them. Other nominations invited. I'm doing them as 4 seperate blogs.

Ugliest "House"
Athfields thing, Amritsar st, Khandallah.
Note, The property is pretty much everything in front of the harbour, in the forground.
I believe this is called a "house" You may be surprised to know it is owned ( & was "designed" & I use the word reluctantly) by the Architect Ian Athfield. You will be more surprised to know Architects have given it an award!

They Are Grumpier About the Sharemaket Than Me!

Comment from what some call " The land of The Brave & the Free"


Wall Street (in particular, the S&P 500) has clearly been on something of a tear lately. But as they say in the fine print in all those ads, past performance is no guarantee of future performance. While the same could be said about real estate, at least with real estate, what you see is what you get.
Lately, there have been a few efforts to take the ratings agencies to task, most recently by California Attorney General Jerry Brown, who is in the midst of a seven month investigation into whether ratings agencies “acted improperly during the credit boom by assigning super-safe, triple-A ratings to mortgage-backed securities that later turned out to be extremely risky and in some cases worthless.”
Did you get that – AAA ratings for something that turned out to be “worthless.” Someone please explain that one to me.
Where does that leave the average person who has learned to become distrustful of the once-seemingly infallible Wall Street system of investing? Real estate, of course.
If you buy an investment-grade property right, you need not lie awake at night wondering if that “triple A” rated “investment” your broker sold you was actually a worthless piece of paper – because you have a performing physical asset that will be around for a long time, one you can touch, feel, and rent for a profit. And even when it’s gone, you still have the land. That’s more than you can say for much of what’s been sold to investors on Wall Street the past few years.

Rents Up, Overcrowding to Rise

Its likely Tax changes to property will reduce the suply of rental property.
Rents will rise not because landlords can increase rent to restore profitability just becaue they want to, but because tenants will have to compete for less homes. It will be messy, because with high land & building costs & unattractive tax changes, the private sector will not build any new rental property for this surplus of tenants.
In fact NZ is facing a housing supply crunch all round.
Sections need to be $50, 000 to $100 000 cheaper, ( ie, basic new 400 m2 section, cheap area, with sevices for $75 000 to $125 000) & true build cost to fall from a true all up cost that really has to be $2200 m2, to say $1500 m2 before this messy situation is averted.

My prediction? Either massive state building again, or steady backdown on tax law.

You will see Tax INCENTIVES on rental property within 5 years! Heard it first here

How Badly The NZSX Has Done.

Property is about to get a tax thump.
So investors will put money in the stock exchange?
I think not.
The Securities Commisin is widly derided. The public, often castegated for an absense of rational decisionmaking, are very astute to put money in property, which is governed by clear , enforced laws. Not The NZ Wild West.
Even after the '87 cock ups, and susequent fiddling, the sharemarket is still an easy place to loose ALL of an investment.

Think about this aweful indictment: In '87 ( at it peak) the Australian sharemarket value was 4.2 times the NZ value. Now it is 33 times.

Dont beat up property Bill, Beat up the Securities Commission!

This Really Peeves Me About the NZSX vs Property

The New Zealand Stock Exchange Index compounds itself by adding dividends in. AND can only achieve 6.5% pa over the last 17 years.

Yet often its' performace is compared to basic house price movements. Imagine if rent on a house, nett, was added to the price movement...then compounded! Say that nett rent was 4% The comperable figure after 17 years would be ....huge. It would have to be a compound 12%, ie doubling in less than 8 years.

Any comments from someone good at compounding?

Here's Wellington NZ's Best Beach House

so you win Lotto, want a good beach house...
check this. But you will want a cleaner. 900 m 2. The house, not the section.
I cant seem to succeed to add a hyper link here, you will need to cut & paste this: http://www.propertypress.co.nz/video.house/931



Call me if you win tomorrow. Ratable Value $ 2.7 million

I agree with the bank man

Tony Alexander of the bnz ( no its not the BNZ, they have marketing people so its the bnz,) has always done well in commenting & predicting, in my opinion. I say that allowing that the economist Galbraith once said at a party " astrology was invented to make economics look good"

Tony said today, & I agree "In the housing market there is some evidence – based on Auckland data – that worries about tax changes have stalled turnover but prices are holding up and listings are not escalating madly.'

Rocky times for rental property, I predict

What about the Tenants?

Personally I think tax changes to Residential real estate investment could be a disaster about to unfold...for tenants
I dont say that because I sell Real Estate..

this is why.

There is a general agreement rents will have to go up if landlording is made less profitable. Its as as simple as that.

For every tenant there needs to be a landlord. NZ owner occupier property ownership has been only slightly declining.
( claims the owner occupier percentage was falling were rebuffed when it was pointed out properties going to family trusts were going in statistics as a change to investment vs "owner occupier")

No, many people who have never owned a house , but could buy a house rent because....they are going overseas soon.

As Ive said before, playing with property is an easy one for the government. But its the lack of profitability in the economy thats the problem.


If the government make being a landlord less atractive...who will tenants rent from?
If yields have to be higher, values have to be lower. How does a loss of capital of say 20 % help redirect investment? It dosnt make other options suddenly more profitable...just reduces wealth. I cant see sellers of investment property putting it in the bank, or buying NZ shares. It will go overseas.

And the question I can not even begin to answer:
Who will the 30% of New Zealanders who rent ( & remember, only 3 % of NZ tenants live in state owned rental houses) have as landlords, if the government make it less attractive to own rental property?

What about the Tennants?

Changes are Gonna Come

No denying now, that tax changes on owning Investment Residential Real Estate in New Zealand are in the short term, not going to be for the better....for anyone.
Actually thats not true: What do you think of this scenario?

Being a landlord becomes less attractive ( I assume you know what the budget will do, if not a few "comments" here & I will explain.)
The worst properties get dumped on the market. I can tell you, in Wellington these really are very good location, very bad condition 100 year old houses.
Prices fall.
who buys them? Young first owners wont get funding. & they are high income hard workers...not the old Kiwi "do up a house instead of have a life shopping in Sydney" The buyers with money wond buy dumps. Some of this investment stock really is in terrible condition.


Da Da Da Da!..... Return of the Doer Upper, flick on, make a buck, hard worker!

Wellingtons Multi Million Dollar Market Motors Up.

In the very recent past: Wakefield st Apartment in high $1 million area. Chaffers Penthouse in the $3 m range. Roseneath Property well over $5 million.

Bodes well for the 900 m2 home I will market after Easter.

New Zealands Problem isnt the Property Market

Property isn't the cause of New Zealands' problems...its everything else!

I'm delaying the series I will do on proposed taxes on Property, so Kiwis invest in "more productive" things.

I've decided that there is something more important to discuss first.

Property isn't the problem here in New Zealand, its the poor state of the profitability other "asset classes".

Security for investors is still pathetic in the share market. It is a global sharemarket joke.

Put it in the bank or finance house? Another joke. If you dont lose i, by the time they tax 6% returns, you are going backwards.

Stories I heard over the the last 5 years here in Wellington were that the Labour government were advised bluntly and repeatedly that finance companies were a disaster unfolding. They did nothing.

I deal with the sad , tragic stories of those that lost their savings from that inaction by Labour on pathetic banking regulation. Many that lost their savings to finance company were lesser educated, older people...I suggest Labours own constituency.

It was probably hard for Labour ministers to hear the advice that a disaster was unfolding when thy were in the back of $250 000 BMW's.

I think its a disgrace those "socialist" ministers chose not to veto those gross, ugly, obcemly expensive BMW pigs. They should have bought something to set a good role model to their "subjects " like a hybrid Lexus at half the price. Its hardly better than politicians driving round in V 8 Fords while negotiating the Kyoto accord. Just like Lord of the Flies to me.

I digress. We live by exporting...but nobody is getting rich doing it. So who would?

Look at "our" billionaires or very rich: are they exporters? Fay & Richwhite, Gibbs, Giltrap, Jones , Hart, Watson, Morgan, Tindall... sorry, no. Not a one. A country reliant on primary production and not a really rich exporter. That says it all.

No, a high flying exporter in New Zealand is... is .... is someone about to fall a long way. Or be bought by their main client. I cant recommend being an exporter
.
Even the fairly well off economic commentator Gareth Morgan agreed recently in the Listener, more or less that "exporting is for idiots".

So what is the failure in New Zealands performance? Thanks Peter, a respondent to these blogs, for a blunt summary of why we are in trouble & exporters have to be fools to do it :The exchange rate disaster.

NZ has the 77th biggest currency in the world...but is the 13th most "traded." Making money betting against the " Kiwi" has been described as "like shooting rats in a barrel."

Our currency is the worlds traders' plaything. Because of our simplistic rules on monetary policy. We are often told how "admired" the Reserve Bank rules are. However no successful currency seems stupid enough to copy them as we do it.

So, whether you agree with me or not. If you took money out of the New Zealand property market... firstly: WHO DO YOU IMAGINE WILL BUY THAT PROPERTY OFF YOU?

That is, if a good number of Kiwis decide, that they take their money out of property & put it somewhere more "useful"...who do they sell to?
For the 35% of New Zealanders who have a landlord....who becomes their landlord if its "not a place we want Kiwis to have their money tied up"?



Secondly: WHERE WOULD YOU PUT THE MONEY?

NZ shares?

NZ Banks or finance companies?

NZ debentures?

Direct investment in small to medium NZ business?

Global shares?

Global Debentures?

Foreign property?

Foreign Banks?

Well I don't think a lot of that investment would stay in NZ. If the Government wont even leave 20% of the Kiwisaver money here, why should you?
Sorry for talking about the Emperors clothes, but this is my opinion.

Comments please!

Tattoo Apartments A Success

As part of my "Retail presence" I am promoting Archaus's new development "Tattoo" at the bnz on Willis st.

These 5 metre sud height apartments are beautifully designed, & to be built this year. They are a similar concept in design to Conrads' 268 apartment proposal for down by the stadium called "iLoft". Archaus are the Architects there too. Priced from $308 000. Pop by and have a look.

Going Retail. Call in and See Me a bnz Willis st,

I am available downtown Wellington now.

Im trialling being available at the bnz Willis st every Friday, noon till 2pm. The big black tower. I have a spot at the front of the store. (Yes, they do call it a store not a bank, and it IS bnz not BNZ. ) Good attitude to lending too.Im teamed up with 4 other REMAX salespeople & we are here 5 days a week.

Do call in & say hi! The idea is a one stop sell your house spot, or just real estate advice.

Heres What The Transit Houses Could Be Benchmarked Against

This sold at auction the other day : $825 000 or so, I was told. (To be confirmed)

It is in the same area, & similar type of property. I have not been through it so can not comment on format or condition, although I believe it was recently renovated.

Transits' 17 house bonanza tender

Tenders close today Friday (Not Wednesday as advertized originally)

There has been a lot of comment made to me on the strategy of putting all on the market at once, rather than in 2 or 3 lots.

It will be very interesting to see what they go for. The dwellings are shells inside but beautifully restored sparing no expense on the structures & exterior. And in great locations, albeit some adjacent to the Bypass.

Interesting to see who buys them , for how much, & what use.

A valuer I asked today how he would put a price on them said "as a completed house, and work backwards to what it will cost to finish them. They will mostly go as houses wont they?"

Many of them are fabulous properties
The 3 Footscray avenue cottages, for example, selling as one lot, are a totally unique opportunity.


I will report back

Buyer enquiry Way up In NZ in January

Top 4 real estate sites in NZ including Trade Me & Open2View had increases in "Unique browsers "of between 29% & 31%. in January over December.
Yet January sales subdued.
Looking but not buying? Who knows. Cheap holiday entertainment?
Any opinions?

House prices have doubled in the last 10 years

NZ house prices have more than doubled in New Zealand in 10 years. This is historically the norm.
From $174 000 in Nov 1999 to $355 000 in Nov 2009.
So for every 100% financed , self funding house you bought then you would on average have now got $175 000, tax free equity.
Makes you think.

Upcoming Series on Taxation and New Zealand Residential Real Estate

Effects of any tax changes will be the big housing issue this year. So I'm going to address its possible effects here over the near future.



Yes, These Are To Be the Topics.



How Do We Differ In Residential Property From Other Countries?

What Is The Result?

What Would Depreciation Changes Do? Who Would It Hurt?

Are Income Tax Reductions Likely To Balance Other Changes?

Why Are Mom and Dad Investors The Mainstay Of Our Rental Market?

What Is The Impact and Role Of Housing New Zealand ?

Demand For Housing Vs Supply.

Demand For Rental Housing Vs Supply.

Cost Of New House Build In NZ.

Cost & Supply of New Sections in NZ

Effect Of GST Increase On New & Existing House Values.

Realized Vs Unrealized Capital Gains Tax.

Capital Gains Tax: On All Property or Only Rental/ Investment. The Implications.

NZ Poor Superannuation Situation.

Would Renters Buy If Existing Landlords Exit?

Where Would Asset Reallocation Go, If Any?...Domestic share market?

...Domestic cash? Banks etc.

...Domestic direct investment in small business?

...Overseas ?

... Consumption?

Would These Changes Make New Zealand Richer?

So Now I will Have To Do It.