If you are considering any Auckland CBD apartment market purchase there has recently been a comprehensive report specifically on that market.
See the thread at https://www.propertyinvesting.com/forum/topic/20510.html

“Make sure you can survive the downside, and the upside will take care of itself!” Donald Trump

To view the TV1 ASB Business interview on this topic today 31/10/05

click http://xtramsn.co.nz/businessandmoney/0,,13268-4963425-300,00.html

“Make sure you can survive the downside, and the upside will take care of itself!” Donald Trump

Here is a press release I made in NZ yesterday

Beware of “catching falling knives” in Aucklands CBD apartment market.
By Kieran Trass (Author “Grow Rich with the Property Cycle” Penguin Books 2004)

The stage is set for Auckland’s CBD apartments to fall in value by up to 40% over the next few years.

Great caution must be exercised if you are…[Read more]

Hi Melbear,

Just to clarify for you:

Aust population is only 5 x NZ’s…
Aust borrowings during the 9 mth period were 10 x NZ’s borrowings in the same period…
TOTAL Aust borrowings are 6.5 x NZ’s total…

“Make sure you can survive the downside, and the upside will take care of itself!” Donald Trump

For articles of interest on NZ like:

The property crash myth
A decade of NZs property market
Aucklands central growth corridors
Why real estate investment is just like building a bridge
The small town syndrome
etc

See http://www.hybridgroup.co.nz
Click on Market Insights and Property Advice
Then click Property Advice Library
Then click Investing in…[Read more]

I have been investing in Auckland for nearly 20 years and I got tired of relying on the flawed median house price data due to it’s consistent inaccurate indication of house price trends…

If it’s of any interest I spent over 2 years and a serious cash investment to create a new house price index (The ‘Hybrid Index’) for 41 areas in Auckland, 24…[Read more]

My new book about the Property Cycle has just been released in NZ.
It’s called “Grow Rich with the Property Cycle”

It is written from an NZ perspective but is appropriate for the Australian Property Cycle too. Whilst researching this book I considered the Australian, UK, USA and NZ markets and found the same Property Cycle exists in all of these…[Read more]

For my comments on this topic see my article ‘Property Crash Lacks Evidence’ re NZ in thread https://www.propertyinvesting.com/forum/topic/10972.html

“Make sure you can survive the downside, and the upside will take care of itself!” Donald Trump

Chandara

We don’t yet have data available like the home price guide but there will be some more in depth data available via the internet soon.
In the meantime for Median prices try the Real Estate Institute’s website at
http://www.reinz.org.nz/marketfacts/index.htm

It’s pretty average data but about all we have at the moment.

“Make sure you can…[Read more]

Kristine,

To answer your original question. There are three main New Zealand buyers agents (property finders) that I know of:

The original NZ pioneer was this company
http://www.hotpropertyinvestments.co.nz
followed by http://www.richmastery.co.nz
followed by http://www.hpc.co.nz
(For the record hpc is a group of companies I have a substantial interest in)

And in…[Read more]

Further to my earlier comments re Tokoroa…
If it’s such a great place to invest (and some of the new millionaire property investors in NZ seem to think so…) then why is there a mortgagee sale of 14 Tokoroa properties next week!
If it’s so hot why can’t these properties be sold on the open market? Simple, it’s because there are tons of…[Read more]

The new NZ Property Investor should be available later this month from the publishers website at http://www.goodreturns.co.nz

Minimogul,

Your comments about the NZ magazine are sadly misguided.
i.e. “If it wasn’t for Richmastery I don’t think there would be a KPI magazine.”
“from a pathetic 18 page or whatever to 90 plus…”
The KPI (formerly the NZ Property Investor mag) was launched in 1997 primarily to supply the Auckland Property Investors Association with a public…[Read more]

Hi Diamond, Feel free to call me Thursday at 2pm NZTime (the only time I’m free on Thurs)

Minimogul, Whew what a large reply.
To summarise the points you raise:

Yes do talk to kiwibank but I dont know what they are like for lending to foreigners. (They dont deal with mortgage brokers)

I think you missed my point re Tokoroa… I’m saying that…[Read more]

Wow, I knew there was much interest in NZ property from Australia but it sounds like there is about to be a whole lot more.I have a group of companies which have specialised in residential property investors needs since 1996 (including NZ’s 1st Property Investment specialised mortgage broking company).

So Diamond, I had to laugh at this “Talked…[Read more]

If you are interested in NZ mortgage finance then you will find a free question service at http://www.mortgagenet.co.nz/mobile.phtml
I started this mortgage broking business (property investment specialists) on-line in 1996 and we have financed hundreds of offshore investors into NZ property.
Each application is considered by lenders on their…[Read more]