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.