Northern News : August 24th 2011
15 NORTHERN NEWS, AUGUST 24, 2011 NEWS Home or Rental? Auction 2pm Fri 30 Sep 2011 (will not be sold prior) Turner Centre, Kerikeri www.bayleys.co.nz/ 294199 Jane Nelson M 027 214 1393 B 09 407 9221 Kaikohe BAYLEYS REAL ESTATE LTD, KERIKERI, LICENSED UNDER THE REA ACT 2008. 15 Windsor Road D Three bedrooms D Land area 1165m² approx D Open plan living Rating Valuation $135,000 CT NA46D/110 Lot11 DP89541 Call Now For Mortgagee Auction Particulars And Conditions MORTGAGEE AUCTION MORTGAGEE AUCTION Northland Lifestyle&Property Real Estate Guide to Northland Advertising feature More first home buyers in market Growing interest: First home buyers on the increase. BNZ and REINZ s fifth monthly survey of licensed real estate agents around New Zea- land has found continu- ing growing interest from first home buyers but increasing with- drawal by investors, and a strengthening percep- tion that prices are rising rather than fall- ing. However, there are some substantial differences at the local level with Auckland characterised by strong buyer interest and rising prices whereas in Wel- lington the sellers domi- nate and prices appear to be falling. These remain early days in what we believe is the start of the upward leg in the housing cycle, and it is likely that the turbulence in offshore financial markets will inject some caution, the survey said. But assuming things settle down overseas we expect the simple fundamental of a growing under- supply of dwellings in New Zealand made worse by construction at a four decade low, and now renewed chances of interest rates holding low for longer, will see the market gain strength. A net 20 percent of agents report more people going through open homes. This is simi- lar to the net 23 percent in July and continues a string of such positive results. More and more written contracts are going unconditional with a net 23 percent of agents reporting this measure as improving compared with 20 percent in July. A net 4 percent of agents report that more potential vendors are seeking appraisals of their properties. This is the first positive result reported for this particu- lar measure since April. This month a net 9 percent of agents have reported that they are seeing fewer investors in the market. That is, fewer people are showing interest in buying prop- erty as an investment. The measure of first home buyers remains positive with a net 27 percent of responding agents reporting that they are seeing more first home buyers in the market. A net 14 percent of agents report that they feel prices in the market- place are rising. The problem with a shortage of listings has grown in the past month with 36 percent of the reasons given for buyers holding back being inad- equate listings, either quantity or quality. Fewer and fewer buyers are holding back because they feel prices will decline, worries about selling one s own prop- erty have eased, and dif- ficulties in getting finance are average. Plan now for a debt-free summer By DAVID KNEEBONE Sorted spokesman While we ve still got the heating on full the sum- mer holidays may be the last thing on your mind -- but they shouldn t be. Believe it or not, it s a good time to start mak- ing plans for Christmas, and the sooner you start the better off you ll be when the weather warms up.That s because while Christmas should be a time of celebration and relaxation, in reality it can be a time of stress, over-commitments and worry especially as the resulting bills mount up. The best way to avoid money worries is to write up a budget for Christmas now and start putting money aside. Even a small amount saved regularly can make a difference -- you ll be surprised how quickly it adds up. Think about your plans for Christmas. Will you be having a big fam- ily Christmas or spend- ing the day with friends at the beach? Will you be at home or renting a bach? Once you know what you re planning to do and how much it ll cost, use Sorted s Goal machine calculator to work out how much you need to put aside each week to achieve it -- without going into debt. There s no time like right now to start saving. If you are planning a holiday it pays to book accommodation and your travel early -- many campsites, ferries and baches are secured months in advance. Booking early also gives you greater choice of prices and you ll know exactly how much money to put aside. If you found you were paying off your summer holiday long after the warm weather ended this year, think about how you got into that situation. What could you do differently? There s plenty of time to get yourself on the right track if you start today. Christmas creeps around more quickly each year -- so the sooner you plan for it the more likely you ll be able to pay for it in cash, rather than with credit. Sorted.org.nz is an independent free money guide run by the Retire- ment Commission. It provides a range of information and tools to help you make the most of your finances. National property values hold steady says valuer National property values have steadied, according to the QV residential property index for July. Nationwide property values have steadied over the past month and are now only 0.4 percent below the same time last year, and 5.2 percent below the market peak of 2007, says QV research director Jonno Ingerson. Over the past three months values have increased in many parts of the country, with par- ticular strength in Can- terbury and parts of Auckland. Values in Hamilton, Tauranga and Dunedin have all been relatively stable. Wellington is the only main centre where values continued to decline in recent months, dropping 1.8 percent since January. Possible public sector restructuring remains a dampening factor in the property market . The average New Zea- land sales price over the last three months is $414,261 up slightly from the $412,746 reported last month. Internet scams tip $750,000 New Zealand s internet safety and security organisation NetSafe has marked the first anniver- sary of its Online Reporting Button web- site www.theorb.org.nz. The site received 700 reports of online inci- dents during its first year of operation with scammers scooping close to $750,000. The site is run in part- nership with the police, Customs service, the Commerce Commission, Department of Internal Affairs and the Office of the Privacy Commis- sioner. But NetSafe has seen most activity connected with internet scams and frauds which is overseen by the Ministry of Con- sumer Affairs and its Scamwatch programme. More than 60 percent of cases reported to us have been classic online scams, NetSafe execu- tive director Martin Cocker says. Over half the money reported lost was by individuals falling prey to phishing attacks, advanced fee fraud and romance scams. Most reports are sub- mitted by people living in Auckland, Canterbury and Wellington. But there have been inci- dents reported by people in every part of the country, particularly with cold-calling com- puter experts looking to gain access to your PC. Lowlights of the year NetSafe s analysis of the Orb shows patterns in the type of incidents reported: During the last four months of 2010 the main issues were advanced fee frauds targeting car sellers and rental scams affecting landlords and tenants Later there was a rise in people reporting cold- calling computer support companies which con- tinued on into 2011 The next most common incidents reported were hacked email accounts being used to send spam and to request emerg- ency funds from friends, phishing attacks on people using online banking plus fake IRD and bank fee refund offers The largest individual losses reported were romance scams that may have taken many months to perpetrate. Report incidents and help others A Statistics New Zea- land survey from 2009 put the number of indi- vidual victims of internet fraud at about 56,000, suggesting that current reporting represents only a fraction of overall incidents. The Orb site lets you report incidents anony- mously and NetSafe is keen for people to submit their experiences so that it, and its partner organ- isations, can use the information to improve cyber safety and security programmes. Help and advice from NetSafe You can report your concerns about online incidents in one central location at www.theorb. org.nz. NetSafe will direct your report to the part- ner best able to investi- gate or advise you. Visit www.netsafe. org.nz and find out how to keep your computer secure and avoid the latest online challenges. SUMMARY The market is picking up, driven by first home buyers but with investors becoming more and more scarce. Prices are rising though not in all areas.
August 17th 2011
August 31st 2011