Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts
Wednesday, 7 March 2018
Tuesday, 19 December 2017
Saturday, 25 November 2017
Wednesday, 27 September 2017
Thursday, 20 July 2017
Wednesday, 21 June 2017
Tuesday, 23 May 2017
Thursday, 18 May 2017
Wednesday, 26 April 2017
Wednesday, 14 December 2016
Friday, 25 November 2016
Thursday, 25 August 2016
Thursday, 18 August 2016
Monday, 1 August 2016
Housetalk 156
Dear Resident,
Winter, the coming general election and mortgages interest rate rises still have not been able to stop Auckland's rising house prices. Despite all the factors that normally halt price rises in Auckland they still increased by 0.7% from the July median figure (REINZ stats).
The over riding factor is the shortage of houses in Auckland. There is no doubt that this shortage will take at least 2 - 3 years to correct and it is more likely to take 5 years due to a shortage of trades people.
If the net migration to New Zealand continues at the present rate (over 38,000 to June 2014) then prices will rise even more as most migrants move to Auckland. With such a small number of properties on the market and a large number of buyers searching for a property it is a great time to sell.
Amazing prices are being achieved and many of the properties I market have multiple offers which naturally means very high prices. In an uncertain world where anything can happen now is a great time to sell when demand exceeds supply. Contact me for confidential advice on the value of your property - it’s probably worth much more than you think.
Capital Gains July 2009 - 2014
(3 bedroom homes)
Glen Eden 49.0%
Massey 46.7%
Sunnyvale 47.9%
New Lynn 40.9%
Best wishes,
John Goodrum
Licensee Agent REAA 2008 Agent REAA 2008
Housetalk 155
Dear Resident,
The sales numbers are somewhat down as would be expected in June with the onset of winter. The general trend however is still for rising prices. The major issue at present is the forthcoming general election in September. The major issues that would effect house prices are of course a Labour party led government talking of a capital gains tax, increased income tax for higher earners and a compulsory Kiwi Saver Scheme with higher contributions.
A National party lead government suggesting no capital gain tax, a reduction in the maximum income tax rate and a confirmation of the voluntary Kiwi Saver Scheme. A capital gain tax would increase the cost of owning a rental property and potentially mean increased rents to cover this tax. A compulsory Kiwi Saver Scheme with increased weekly/monthly payments would make it harder to save for a deposit on a house making more people rent for longer. Pushing up the demand for rentals and therefore rents.
I am not sure what effect higher income tax rates would have on house prices but a lower income tax rate would probably mean more money after tax to save for a house deposit.
I have just completed a study of capital gains for 3 bedroom homes in West Auckland suburbs, here are a few of them:
Capital Gains April 2009—2014
(3 bedroom homes)
Henderson 60.1%
Glendene 50.0%
Te Atatu South 66.2%
Te Atatu Peninsula 68.2%
I will research some more West Auckland suburbs for next month.
Best wishes,
Licensee Agent REAA 2008 Agent REAA 2008
Te Atatu Peninsula Newsletter- Issue 26
Hello again,
Last month there were 16 sales and the median price was $729,500.
The average time to sell was 23 days. The highest value sale was 5 Matau Rise at $1,240,000. There were 3 sales over $1,000,000.
| ADDRESS | SOLD FOR |
| 8 Gloria Ave | $445,000 |
| 13 Matipo Road | $475,000 |
| 25A Beach road | $500,000 |
| 2B Murrary Road | $540,000 |
| 95 Matipo Road | $550,000 |
| 21 Taikata Road | $610,000 |
| 59 Gloria Ave | $625,000 |
| 47 Kervil Ave | $723,000 |
| 22 Ward Crescent | $736,000 |
| 10 Murrary Road | $775,000 |
| 16 Renata Crescent | $815,000 |
| 4 Peachgrove Road | $830,000 |
| 32 Matipo Road | $845,000 |
| 44 Gill Avenue | $1,100,000 |
| 14 Matau Rise | $1,195,000 |
| 5 Matau Rise | $1,240,000 |
6 Street Spotlight
| AVERAGE SELLING PRICE 2005 | |
| STREET | |
| Hereford Street | $351,125 |
| Longbush Road | $291,500 |
| Mahina Place | $990,000 |
| Matau Rise | $590,000 |
| Mayburn Road | $368,400 |
| Roby Street | $366,666 |
Average Rent for Te Atatu Peninsula:
1st February 2014 - 31st July 2014
| BEDROOMS | DWELLING TYPE | AVERAGE RENT/WEEK |
| 2 | Apartment | $401 |
| 2 | Flat | $344 |
| 1 | Flat | $273 |
| 4 | House | $510 |
| 3 | House | $454 |
| 2 | House | $381 |
Did You Know?
Twenty years ago buyers would say to me I would like to live in Te Atatu South but with my budget I may have to settle for Te Atatu North. Today they say I can’t afford Te Atatu
Peninsula what do you have in Te Atatu South.
Quote of the month:
Ah, yes divorce...from the Latin word meaning to rip out a mans genitals through his
wallet….Robin Williams 1951 - 2014 - We will miss you Robin
I am the Real Estate expert in Te Atatu Peninsula. If you want more information about Real Estate please phone or email me for confidential attention.
Until next time,
Best wishes,
John Goodrum
021945140
098388895
Te Atatu Peninsula Newsletter- Issue 25
Hello again,
Last month on the Peninsula there were 17 sales, the median selling price was $611,250. The average time to sell was 48 days. The highest value sale was 8 Kelvin Crescent at $910,000.
| ADDRESS | SOLD FOR |
| 81 Matipo Road | $435,000 |
| 671A Te Atatu Road | $450,000 |
| 1A Yeovil Rd | $460,000 |
| 7 Tatau Way | $482,000 |
| 56 Waipani Road | $485,000 |
| 8 Imelda Rd | $533,000 |
| 25A Waipani Road | $605,000 |
| 3 Brookfield Rd | $615,000 |
| 55 Matipo Road | $617,500 |
| 28 Harbour View Rd | $625,000 |
| 47 Taikata Road | $632,000 |
| 9 Gladfield Lane | $640,000 |
| N4-10 Lone Tree Ave | $645,000 |
| 5 Gane Lane | $650,000 |
| 48 Gill Avenue | $735,000 |
| 21 Clinton Avenue | $754,000 |
| 8 Kelvin Crescent | $910,000 |
6 Street Spotlight
| AVERAGE SELLING PRICE 2005 | AVERAGE SELLING PRICE 2014 | NUMBER OF SALES SINCE 2005 | |
| STREET | |||
| Peachgrove Road | $366,500 | $695,000 | 13 |
| Piriti Drive | $457,000 | $510,000 | 36 |
| Waione ave | $39,500 | $688,000 | 22 |
| Waipani Road | $367,500 | $720,000 | 43 |
| Durham Street | $362,500 | $670,500 | 16 |
| Kelvin Crescent | $640,000 | $1,006,000 | 4 |
Average Rent for Te Atatu Peninsula:
1st January 2014 - 30th June 2014
| BEDROOMS | DWELLING TYPE | AVERAGE RENT/WEEK |
| 2 | Apartment | $399 |
| 1 | Flat | $267 |
| 4 | House | $512 |
| 3 | House | $455 |
| 2 | House | $379 |
Did You Know?
The Lancaster Memorial sculpture in the Te Atatu Peninsula Emplacements off Gunner Drive are a war memorial tribute to flying officer Whelan Hazard and flight Sergeant John Wright who lost their lives in a bombing raid over Germany in 1944.
Quote of the month:
Every champion was once a contender who refused to give up….Rocky Ballboa.
I am the Real Estate expert in Te Atatu Peninsula. If you want more information about Real Estate please phone or email me for confidential attention.
Until next time,
Best wishes,
John Goodrum
021945140
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