Archive for the 'Auckland real estate' Category

“Finders” still getting business!

Should I be horrified? High income past clients tell me in street on Saturday ” we are buying 3 houses through ( outfit I have never heard of) mostly using equity in our ($1m)  house.  Interest only. ( You have heard this before?) One Auckland, one Hamilton, one Westport. Only for capital growth. The figures stack up”  I could scarcely avoid flinching. Was I wrong to feel so negative? Does “only for capital growth”  really mean “hardly funds the borrowing”? Could, in fact, this make them rich?

December 05 2011 | Auckland real estate and Landlords/Investment | No Comments »

Mount Eden Prison 2X Allowed Height

Yes, 30 metres high, in an area you or I could go to 15 metres. Visible from motorway.
Two great quotes!

” The prison was passed in the “dearest” Helen Clark years. Council wanted 4 levels but Helen & Goff- who was Corrections Minister at the time- bulldozed it through . The documentation is clear. This communist style monstrosity is a fitting tribute to the Clark years’

And

” Its an eysore, a a monstrosity, a blight on the landscape. So it fits nicely into the architectural plan of Auckland.”

May 27 2010 | Auckland real estate and Zoning | No Comments »