DIY house sales drop in Auckland

Private house sales are taking a hit as prices flatten in the Auckland property market.

The proportion of Auckland homes listed for private sale on Trade Me dropped from 4.6 per cent in September 2015 to 3.3 per cent for the same month this year.

However, there are still a number of Aucklanders willing to bypass professional agents after being burnt in the past.

Auckland resident Christine Primrose has decided to sell her Titirangi home privately.

READ MORE:
Predictions real estate agents will drop out as house sales plummet
NZ’s real estate sales model needs a shakeup
Hamilton real estate agency fined $1 million for price fixing
Sales drop around New Zealand, Real Estate Institute data shows

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Private house sales are still an option in a changing real estate market.

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Gang pad frozen

Police have frozen hundreds of thousands of dollars worth of assets belonging to the Head Hunters in Christchurch, including the gang’s headquarters.

There was a large police presence at the gang pad in Vickerys Rd, Sockburn, on Friday morning. A man wearing the gang’s Bay of Plenty colours was led away, without handcuffs, to a police car.

Canterbury district commander Superintendent John Price said police had taken civil action against the Head Hunters – restraining motorcycles and property, including the Vickerys Rd property, under the Criminal Proceeds (Recovery) Act 2009.

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Armed police raided the Christchurch Head Hunters’ pad on Vickerys Rd early on Friday morning.

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Property Noise NZ Advertsing Schedule

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Let’s hope they make good on their promises – Helping out first home buyers

Published on Sep 11, 2017

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CoreLogic Monthly Property & Economic Update for October 2017

Get right up to speed with what has been happening in the NZ property market as our Head of Research, Nick Goodall takes you through the latest trends in our most recent video.

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AUSTRALIA: How each of The Bachelorette finalists’ homes stack up as Sophie Monk prepares for the home visits

It’s down to the final stages of The Bachelorette, with each of the remaining four contestants pulling out all the stops to impress Sophie Monk.

For some of the suitors revealing their real estate could work in their favour, with a waterfront Sydney penthouse and lush country vineyard among Sophie’s future living options.

However for others it might be better to let details about living situations go unsaid, with 29-year-old Blake Colman still living with his parents in the suburbs of Perth.

Got her own impressive real estate: Sophie boasts her own impressive real estate, residing in a $1.1million Gold Coast five bedroom mansion she purchased in 2016

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There will be a sea change to the government’s role in the economy starting with housing intervention

New Zealand may be about to see the biggest change of economic direction since the reforms that started 33 years back in 1984.

The signals from incoming Prime Minister Jacinda Ardern and her deputy Winston Peters were immediate.

There will be a sea change to the government’s role in the economy starting with a big state intervention in the housing market with Peters referencing Labour’s Kiwibuild policy which would see 100,000 affordable houses built and on-sold over 10 years.

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Unoccupied properties cause insurance headaches

Households are being caught out by the fine print in insurance contracts that can leave them without cover if their houses are unoccupied for a period of time.

Insurance and Financial Services Ombudsman Karen Stevens’ office has received complaints from people who have had their claims turned down because their properties were not occupied.

She said most insurance policies had a 60-day rule: Anyone who was away for longer than that would find their cover no longer applied. But most people were unaware of that condition, she said.

“When you’re not going to be in the house for a period of time, you need to let your insurer know.”

READ MORE:
Rob Stock: Learning from obese woman’s tragic insurance mistake
‘Comprehensive’ policy did not cover cancelled trip’s flights
Insurance complaints continue to rise

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People who move out of their houses for a time could be left uninsured.

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