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Fools Gold: Ben’s Barometer December 2018

Fools Gold: Ben’s Barometer December 2018

If you own real estate in Wellington, you will have recently received your new rating valuation (RV).  Your reaction, like many others, is likely to be one of slight shock (and possible delight) as your rating value will have risen somewhere in the region of 40-50%. I struggle not to roll my eyes when people […]

Below Expectations: Ben’s Barometer November 2018

Below Expectations: Ben’s Barometer November 2018

When the music stops it normally signals the end of the party. New Zealand has experienced a fantastic real estate party over the last three years with the Wellington market moving around 40 – 50% during that time. Now that’s a lot of growth in a short period, but if averaged out over the last […]

Greed, a deadly sin: Ben’s Barometer October 2018

Greed, a deadly sin: Ben’s Barometer October 2018

What do you call a group of Real Estate Agents at the bottom of a cliff? A good start! Don’t worry, we are acutely aware that if the general population could avoid using agents they would. So, we ask, is there a viable alternative for a real estate agent? A recent article published on Stuff […]

The House Always WINS: Ben’s Barometer September 2018

The House Always WINS: Ben’s Barometer September 2018

There is an issue brewing in the Wellington property market and it appears it is completely out of our control. It is: Insurance. It all started with the Christchurch quakes. Up until then, insurance was full replacement based on the size of the property. Post the quakes the way that insurance premiums are calculated has […]

Rates And Daylight Robbery: Ben’s Barometer August 2018

Rates And Daylight Robbery: Ben’s Barometer August 2018

Wellington City Council Rates For those living within the Wellington City Council boundary, you should receive your new rating value sometime soon. Two things are likely to happen: You are likely to feel very rich as your paper wealth increases by an estimated 30-50% You can expect to pay more rates Higher rates are easier […]

Real Estate Magic: Ben’s Barometer July 2018

Real Estate Magic: Ben’s Barometer July 2018

Real Estate Magic Growing up, there was nothing more exciting than a televised David Copperfield event.  We all watched him walk through the Great Wall of China and escape from a strait jacket while submerged in a tank of water. Was he really magic or was it all an illusion?  It’s amazing, what we buy […]

Rich May, Poor May: Ben’s Barometer May 2018

Rich May, Poor May: Ben’s Barometer May 2018

Rich May, Poor May A lot has been talked about the ever-widening gap between rich and poor in society. We often hear about the bulk of the wealth being controlled by the top one percent. We are noticing a similar trend in the residential property market with the price gap opening up between well-presented properties […]

Let’s Talk Money: Ben’s Barometer April 2018

Let’s Talk Money: Ben’s Barometer April 2018

Trying to buy a house isn’t easy. And it can be even harder if you are new to the market and are trying to buy in a city which favours ‘no price marketing methods’. The other day, a client of ours came to us for some advice. They were interested in a property advertised with […]

The Canary in the Coal Mine: Ben’s Barometer March 2018

The Canary in the Coal Mine: Ben’s Barometer March 2018

The Canary in the coal mine When a market shifts, people are often left wondering ‘how have things changed so much and so quickly?’ Like a canary in a coal mine, there are always indicators, often undetectable, to those outside of the industry which signal change is on the horizon. While nothing is a certainty, […]