Recently we looked at innovative ways to sell in a falling market and now I want to review a new real estate trading website just launched in the New Zealand market: realtrades.co.nz
We wrote recently about the Reserve Bank of Australia cutting the official interest rate and of course near neighbours, New Zealand’s Reserve Bank has cut their interest rates. The effect in each country is quite different though.
The headline caught my eye:
“Built for Two – from first-home buyers to empty-nesters, our small lot special has options for everyone.
This from the local paper’s weekly New Homes guide which tends to focus on the 4 bedroom, 2-bathroom plus pool MacMansion segment of the market.
The reverse-mortgage market is in full retreat in Australia, with the fourth lender this year announcing it is pulling back.
Reverse mortgages have been headline news in Australia and New Zealand for several years as a retirement funding solution for seniors who are asset rich but cash poor. A way to cash in on your, normally unintentional nest egg of your home.
Propertytalk used to have the obscure url propertytalk.co.nz but has since gone international as propertytalk.com and expanded its property investment forum to cover the countries to which the Kiwi diaspora migrates to: notably Australia, UK, Asia and North America.
Sentinel, is New Zealand’s tallest and newest NZ$137 million luxury high-rise, and there could be some good deals on re-sales for the smart investor.
Located in Takapuna on Auckland’s North Shore the Sentinel is only recently completed and several cash-strapped purchasers have been forced to forfeit thousands of dollars in deposits because they cannot afford the new units they had contracted to buy.
