Category Archives: Market update

Is Winter A Good Time To Sell?

Posted on June 6, 2013 by Michael Ford

Yes it is! This surprises most people, but in Feilding there are on average roughly the same number of house sales in Winter as there are in Autumn and Spring. More surprising to some is that Summer usually has the … Continue reading →

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April Statistics

Posted on May 16, 2013 by Michael Ford

The Real Estate Institute of NZ residential sales medians and volume figures are available for April. I write this from Dunedin so have included this attractive city. The number of sales in Feilding through all Agents was down a little … Continue reading →

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Level of Home Ownership

Posted on May 2, 2013 by Michael Ford

As we await the results of the 2013 census, it is interesting to reflect on past changes in the percentage of people in New Zealand who own their own home, and to speculate on future changes. Will a greater percentage … Continue reading →

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Home Loan Affordability Changes

Posted on April 25, 2013 by Michael Ford

Surprise, surprise. Auckland is becoming even less affordable! The Roost Home Loan Affordability Report for March indicates that in Auckland Central it takes 87% of one median income to pay the mortgage on a median priced house. A typical buyer … Continue reading →

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Volume Lifts, but Not Prices!

Posted on April 18, 2013 by Michael Ford

The March Real Estate Institute Of New Zealand statistics are out and the number of sales in Feilding and Palmerston North was quite good – a fraction more than a long term average. This follows 2 months with well below … Continue reading →

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New Code of Conduct

Posted on April 11, 2013 by Michael Ford

The Real Estate Agents Authority has released a new code of conduct this week to further protect Clients and Customers when dealing with Licensed Real Estate Agents and Licensed Salespeople. I highlight the main changes: Agents must now recommend to … Continue reading →

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Statistics – Manawatu District

Posted on April 4, 2013 by Michael Ford

We have just completed a new 2013 census, and it will be interesting to see whether there are many changes from the following 2006 statistics: Manawatu had 49.7% males and 50.3% females. Our Maori population made up 13.7%, compared to … Continue reading →

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Home Loan Affordability

Posted on March 28, 2013 by Michael Ford

Roost publish an assessment of home loan affordability for a typical buyer each month in the form of a percentage. It is called The Roost Home Loan Affordability series. The index considers the % of median income of one person … Continue reading →

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Be careful of the Hype

Posted on March 21, 2013 by Michael Ford

Be careful of the Hype You would be forgiven for thinking that there are a large number of houses selling. In Feilding, in January, all Real Estate Agents sold 58% of a long term average number of house sales in … Continue reading →

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What Skills Should Your Agent Have?

Posted on March 14, 2013 by Michael Ford

Sellers should choose a Real Estate Agent, or Salesperson, that they trust. They should have confidence that the Agent will achieve the best outcome for them. The Agent should be good at appraising property. The Agent should be able to … Continue reading →

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