Monthly Archives: December 2012

Perception – What is yours?

Sun, December 2, 2012 No Comments by Denise

I’ve heard it said that people can’t afford a 3 bedroom, home.  WELL THEY HAVEN’T BEEN LOOKING IN SOUTH AUCKLAND.  But for $300-400,000  There’s some beautiful properties in Papatoetoe and Manurewa.  MORE BANG FOR YOUR BUCK !

If you’re looking for a 2 bedroom unit – you can pick them up MID-LATE $200,000s

Check out under my listings what’s possible – and the quality you can get……….  I’ve got a couple of lovely properties in Manurewa at present, and a few coming up in Randwick Park (Alfriston College Zone), and Onehunga in the New Year.  Note: Alfriston did extremely well in the school results …even better than Grammar on some levels.  

There’s a lot to be said about owing your own home at retirement.  Pension is approx $520 a fortnight – and that’s not much if you have to pay rent, power, food, water, gas.   

So What’s your perception ? ……

At the end of the day – would it matter to you WHERE YOU LIVED?  Just as long as it met your NEEDS & you had a roof over your head, that you owned without any debt? 

It’s all about ego, supply, and market demand.   I say “ego” because it’s a human trait to WANT to live in an upmarket area  (okay the schools may be better  :-)  …  but kids grow up – they then move away, in most cases – further away, because they can’t afford to live in the area you do.

Would your perception change if you suffered illness or tragedy?

What do you want ?  

  • Do you currently rent  –  but are looking to acquire a rental investment that pays for itself.  Somewhere to live freehold in the future – or provide you with an alternative income in your older years.  
  • Perhaps you’ll take the plunge at rates around 5%  to buy …… question is WHERE you can afford?  Will you Buy where you WANT or NEED.  The difference can put huge restraints on your financially and emotionally. 
  • Perhaps you happy renting for life, having the cashflow and freedom without a mortgage – ( but what’s “plan B” – what if there’s no pension when you get to retiring age ….. what do you do then?   Perhaps you need help with finding a reasonable rental) 
  • Do you know what you want – but just don’t have the energy or confidence to achieve it – Procrastination!

Many questions to ponder for the new year..

I hope this has been thought provoking enough – to make you set your goals and achieve them with abundance for 2013.   Did you know 87% of people don’t have written  goals – the 3% that do achieve and earn more that the 87% combined.

Fascinating …………. be part of the 3% for 2013.

Merry Xmas and Best Wishes to you all.

Kind Regards, Denise 

 

Hard to find a home in Auckland?

Sun, December 2, 2012 No Comments by Denise

Lately the NZ Herald has featured many stories about buyer’s hunting for properties.

YES it is a sellers market, but that being said – buyers are more cautious about their buying decisions.  We’re not seeing the huge craze that the media is hyping up.  In some “hot demand” areas such as Grey Lynn, Ponsonby, Epsom, Mt Eden (“the circle of fire”) we’ve seen prices achieve 100k+ above R.V – but for others, they are just recovering from 2007.
In 2007 the housing market took a downward turn in prices that it had been enjoying.  People who brought in the 2007 high, then experienced a slump in values for their property.
For some pockets in South Auckland, prices are just recovering over R.V (rateable values).  RV’s are set by council as an assessment of your property (land/dwelling) for the purpose of determining your rates.
I believe South Auckland is the next “investment jewel”.  People are opting to look further out of the inner city circle, since prices have  become expensive for 1st home buyers.  Suburbs such as New Lynn, Hillsborough, Onehunga, Mt Wellington and Mangere Bridge are now seeing a lift in housing prices.  Here at home in Mangere Bridge prices have gone stupid!
The next wave cycle, I predict will come across Papatoetoe, Alfriston, Manurewa.  Where prices are just starting to lift.
The property market is steady, and with Interest rates being low – we’re seeing more investors put their money into property (rentals) rather than term deposit’s with the banks – to earn a higher yield at present.