March 26th 2015
Could this catch on?
March 26th 2015
Could this catch on?
Sept 15th 2015
Sub-title – “AKA Fergus is back in the news again**…”
Well I guess someone had to give it a shot one day, and it serves as a stark reminder of one of the number one reasons why a person should work hard to own their own property if at all possible. It means you have control, well that and the banks too I suppose.
Not exactly someone who shies away from a headline is he?
However on the other side of the coin is renting, and our ole friend “900 property Fergus**” has made headlines again in the ole dart this week with the news that Fergus is upping his rents by over 30%!! (And yes, you read that right.)
In fact he has already started doing it.
Not exactly unafraid of making political like statements, Fergus’s comment when asked why he has to increase rents….
“…he says landlords have no choice in response to budget tax changes that will slash the amount of tax that can be offset against mortgage interest paid. Many landlords are saying they simply will have to charge more rent. It is the distinct shortage of houses that is fueling the rent increases. If the government wish to control rents, it must supply more houses, and quickly.”
Fergus loves headlines obviously.
And when the time is right, hes not afraid of a bit of controversy too. Fergus is looking to fast track his new strategy too… (as The Guardian reports…)
He will now be seeking similar rent increases across his property empire.
“I will not be asking them to leave but will serve them with a Section 13 Notice to increase the rent so that they have the opportunity to move to another landlord should they wish. That is if they can find a house of the same quality and a price they can afford. By the time they have paid out fees etc, some will take the view there is not much in it.”
Is he worried about it? Here’s his answer….
“He said a red-hot lettings market in Kent means he can fill houses within hours.”
Almost sounds like somewhere else doesn’t it? Michael Byrne over at the Irish Examiner sounded this piece of caution recently too…
…and writes an interesting piece, with a bit of background on the Celtic Tiger thrown in.
Perhaps its not much to be worried about, but I guess the same could have been said for Australias “Management Rights” industry once upon a time. Now players like Mantra are really taking a share.
Interesting times we live in….
June saw Nelson City start with 398 homes for sale, yet by tonight, Sunday 13th Sept, that number sits at just 279. I believe they call it Supply and Demand folks.
Therefore its no surprise to see REINZ report this past week that … “Nelson/Marlborough recorded the largest percentage increase in median price compared to July with 3%, followed by Otago with 2% and Wellington, also with 2%”
Today I was in attendance at an the first open home of a new Stoke listing, and that by far, had the largest turnout of open home visitors I’ve seen all year. (Video above was of about 10minutes of the open, as I’d missed the busy first 10minutes because I was showing a buyer around the home)
October 9th, 2014
In light of the serious ongoing discussions in the Australian Real Estate market over office charges, comes – well especially after the multi-billion dollar US Real Estate Portal merger… this below statement.
There are plenty of voices over their who have a point of view on it too
Far from the worry some are mentioning is the fact that any such large spend will expect a payback….and everyone is bandying around 2014’s new catchword “disruptive” as a way of describing something that could be a game changer. Admittedly we here in NZ are more like Australia and the UK in our buyer / seller relationships, and this is quite different than the MLS centric situation the US finds itself in.
Well moving forward ….
Heres the article,
Makes you feel great to be a Kiwi … and having such forward thinking folk in our own industry, because years ago the NZ real estate industry already started down this path….
And it looks like its started.…
… feels like a touch of “seen this before…..”
….and you know what….for once they don’t seem to be happy about the level of the NZD, in its current incantation!
Oh wow seriously guys…..
Anyway if you’re interested the statement is here…
and just in case you are wondering what Google are sayin’ (as at 9pm anyway) about this event which was “all over” the NZ media today….
…actually am slightly stunned by there (“Googles that is”) lack of news about it….maybe the world really is changing and its looking like I can imagine what it feels like to live in China?