Property Management

Seekers of Property Gains Beware - Mary Holm

A house sale in Wanaka was in the news recently. The owners bought it in 1968 for $7,500 and sold it for $820,000. That's a pretty nice capital gain. But:

Sunday, August 03rd 2003

• It's not as amazing as it seems.

It works out an annual rate of 14.4 per cent, which is high but not astounding.

• It could give readers false hopes.

Such gains are unlikely to be repeated. In the first 20 years that the couple owned the house, inflation averaged 11.6 per cent a year.

In the last 15, it was only 2.5 per cent. And inflation seems highly unlikely to revert to the levels of the 70s and 80s.

Just as importantly, this has been singled out as a remarkable gain. Such stories grab the headlines. But let me tell you about two house sales that didn't make the news.

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Home boom rolling on

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Wednesday, April 17th 2024

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Thursday, March 14th 2024

A better investment market

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Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

SBS FirstHome Combo	6.74
Heartland Bank - Online	6.89
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.55
SBS Bank Special	6.69
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
ASB Bank	6.75
Unity	6.79
Co-operative Bank - Owner Occ	6.79

SBS Bank Special	6.19
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
SBS Bank	6.79

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50