Possibly the highest value apartment at $5.2million, in New Zealand has just been sold by Harcourts Cooper and Co on the North Shore. with an area of 668m2 on three level atop the Sentinel in Takapuna, the young Asian businessman who has purchased it will have an envied lifestyle. See more here. And here’s more evidence of Takapuna’s growing style and metro flavour…a sleek spacious 350m2 apartment for sale.

[Read more →]

Monster Makeover in Mairangi Bay

52 Penzance Road, Mairangi Bay:

You know I love do ups and this is a classic. Many will love it for what it is – a big 60’s family home on a full site with a neat pool and just minutes from Rangitoto College and Mairangi Bay. It’s a great investment whichever way you look at it. Buy and hold as it is – there’s a great market for family renters in Mairangi Bay. Buy it and move in – there won’t be a cheaper family home this big in this suburb. Or secure a superb do up, it’s very difficult to overcapitalise in one of the best suburbs on the North Shore of Auckland. Interested? read on or flick straight to the property website for more information and supporting documents!

[Read more →]

What will this year bring us in the property market? It is only a year since all was doom and gloom with no end to the recession in sight. Right now, it seems like we are going to have a great year! According to Alistair Helm CEO at Realestate.co.nz, sales of residential property in New Zealand were up 10% on the previous year and he predicts that there is plenty of scope for more:

[Read more →]

What does the new Real Estate Agents Act, 2008 mean to buyers and sellers of real estate in New Zealand?

On November 17, 2009 the new Real Estate Agents Act, 2008 came into force. It is changing the face of real estate in New Zealand and how the business of buying and selling a home is conducted. For the better. Real estate agents need to be much more careful and professional in how they interact with both buyers and sellers. The Act gives buyers and sellers more rights, more power and, along with the real estate agents themselves, more responsibility.

This is the first in an occasional commentary on the Real Estate Agents Act and how it affects buyers, sellers and agents. You can find out more about the REAA here.

Should you disclose a defect in the house you want to sell?

[Read more →]