Mid November Updates You Should Read

RBNZ’s Bascand says economy ‘somewhere near’ a turning point https://www.nzherald.co.nz/economy/news/article.cfm?c_id=34&objectid=12285281 The sluggish New Zealand economy is “somewhere near” a turning point, Reserve Bank deputy governor Geoff Bascand said. Bascand, in an interview with international business news service Bloomberg, said the central bank could cut interest rates as soon as February if the economy does not…

Read more

Be in the know..

Be in the know….       https://mthobsonproperties.co.nz/kiwibuild-reset/ The government has finally acknowledged that the shortage in suitable housing won’t be solved overnight, however they should have come to this conclusion sooner. The target of 100,000 houses over 10 years has led to houses being built in places where there was little first-home buyer demand.…

Read more

TEAM Mars Realty! News Update!

mjl,Govt gives Japanese-owned forestry company Pan Pac free pass to buy New Zealand land https://www.stuff.co.nz/business/farming/116842839/govt-gives-japaneseowned-forestry-company-free-pass-to-buy-new-zealand-land Green Rush: Land Information Minister and Green MP Eugenie Sage has given a foreign-owned forestry company a free pass to buy thousands of hectares of New Zealand land without applying to the Overseas Investment Office (OIO). Japanese-owned Pan Pac Forest…

Read more

Real Estate Shake Up!

Real estate shake up!     Last week the Minister of Police and President of the Police Association made on the record comments to the media alleging that “Police are arresting lawyers, accountants, real estate agents….” and that “behind the scenes is the lawyers, accountants and real estate agents that are laundering [gangs] money”. Real…

Read more

Changes are on the way Embrace it!

The Friday blog of Matty Ma.           Phil Goff vs John Tamihere debate – the final showdown https://www.nzherald.co.nz/business-video/news/video.cfm?c_id=1503079&gal_cid=1503079&gallery_id=212576         MARS Realty精品房源开放时间一览-10月10日更新 https://www.reinz.co.nz/Media/Default/Statistic%20Documents/2019/Residential/August/REINZ%20Monthly%20Property%20Report%20-%20August%202019.pdf https://www.reinz.co.nz/Media/Default/Statistic%20Documents/2019/Residential/August/REINZ%20Monthly%20HPI%20Report%20-%20August%202019.pdf Sold properties for Aug/Sep dropping away Sold : 260 on the North Shore Sales are dropping away…   Brand new homes on the market but…

Read more

Blossoms have you smelt?

Auckland house prices fluctuating wildly, but spring could bring bounce back.. Auckland’s property market is shaping as a puzzle for buyers and sellers ahead of an expected pick up in spring sales. Take West Auckland where new data showed Waimauku rose to be the city’s best-performing suburb in the past year, while just next door…

Read more

Matty Ma – Property commenter & top senior sales consultant for 22 years

Auckland city is speedy in “value dropping , business dropping & jobs dropping “…!    https://www.newsroom.co.nz/2019/08/29/780086/auckland-wants-more-money-from-rest-of-nz?amp=1 From February the signs were there!   https://www.tvnz.co.nz/one-news/new-zealand/auckland-property-market-falling-we-speak-acting-like-sydney-lite-economist?gclid=Cj0KCQjw2K3rBRDiARIsAOFSW_6B6QXNqGPhKNBMVFvYaE5OOYPz4wH48rfDzmYIM00xWBIbjVlOtxYaAjfKEALw_wcB https://www.reinz.co.nz/residential-property-data-gallery   Time to get leadership changed for a “shake /up!” Back on track .    Question is…. Who are they? Real Estate market where is it heading?  Challenges will reflect…

Read more

Matty Ma – Property commenter & top senior sales consultant for 22 years

“Ex Block” https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12253670 Not a clean history. A miserable story, sad for developers. All the key areas are lower level projects being caught up by the market. Strong signs of turbulence in the market for developments. Not in City way yet. https://www.nzherald.co.nz/economy/news/article.cfm?c_id=34&objectid=12254447   Sad to see banks are unable to tempt or protect the drivers…

Read more

West Auckland Trap

When future urban zones set earlier in the West, the market was quick to react, causing massive land sales. All of which were before future plan confirmations.   Lots of land holders have moved on with good sales price. Traded themselves from assets rich position to cash holder’s new generation of wealth. Though many over…

Read more

North Shore is leading the game!

  New Zealand’s services sector activity slipped further in April, touching the lowest level in more than six years and adding to concerns about an economic slowdown. https://www.nzherald.co.nz/economy/news/article.cfm?c_id=34&objectid=12232603 Confidence in the economy remains at historically low levels along with Australia – something which tends to be blamed on either Government policy or the political leanings…

Read more

Importance & Initiatives Between Countries

Upgrades to the FTA agreement between New Zealand and China have recently been discussed during the short visit by the prime minister to China, among other discussions regarding the belt and road initiative proposed to integrate the eccomerce trade between the pacific and international countries promoting integrated connection in not only infrastructure developments but financial…

Read more

Building Consent Growth

Building consent data shows an increase year on year. A total of 32,996  new dwellings were issued building consents, up 6.1% on 2017 as reported by statistics nz. Last recorded low of building consent was 2011 for 13,662 which has seen a year on year growth over the following 7 years. Government departments including Kiwi…

Read more

In The Area – Spotlight on Wainui

More infrastructure will be invited into the area to support plan change North Auckland will get a $91m infrastructure package to support the building of 9000 homes at Wainui, north of Auckland City. The money will come from a partnership between Auckland Council, Crown Infrastructure Partners and Fulton Hogan Land Development, which will fund $91 million…

Read more

Mars Realty In The Market NOV18

Small property projects and medium density housing (MDH) are on the market now, together with Kiwi Build. Building material has a wider range for the different choices for projects and MDH.   Surely, an increase in policy restrictions are contributing to driving property prices price down? Including the investors banking restrictions of funding supply. Most…

Read more

Auckland Region Favours Buyers

  The Auckland region favours buyers for the first time since 2011. New listings are up 14.6% across New Zealand and the national average asking price falls by 2.1%, driven by major centres. Real-time statistics from realestate.co.nz show that our biggest region, Auckland, is looking fresh and healthy for buyers, with a large injection of…

Read more

Overseas Investment Update

Attention in the news has a spotlight on foreign investments in Residential Land – Prompted by the rising house prices and rental availability in Auckland and the wider areas in New Zealand. In June 18 Stats NZ released statistics regarding foreign investments – “In the March 2018 quarter, just over 3 percent of home transfers…

Read more

The New Style Of Living

Convenience, locality and affordability – The popular trends of recent home buying.  As families move to secure the lock up and leave lifestyle – no fuss, safe and no maintenance hassles and a small community Albany recently has brought the attention of recent development projects including the Library Lane apartments and the Gills road attached…

Read more