Property

No two properties are created equal - Mary Holm

Q. Your correspondent who bought his house for $19,000 in 1968, and it is now "only" worth $300,000, obviously bought the wrong house in the wrong suburb.

What is more unforgivable is that your patsy answer took his patsy calculations at face value, thus doing a gross disservice to your readers.

I was active in buying houses during the same era. My records show th

Sunday, April 04th 2004

at I bought houses in Mt Eden, Epsom, Sandringham and Remuera around the same time, for prices ranging from $12,000 to $18,000 each.

These houses are now worth somewhere between $650,000 and $2.5 million each.

Your continuing bias on this subject and lack of knowledge that you constantly display is not doing your readers any favours. Taking one example and parading it as the truth for the whole $20 billion-a-year property market tells me one thing.

You would serve your readers better by telling young marrieds how to stretch the housekeeping money rather than tendering financial advice on which you obviously have no knowledge.

It would be interesting indeed if you told your readers just how many properties you have bought and sold during your lifetime, so that we can all better gauge your credentials.

Signed: Olly Newland (45 years in the business). PS: I challenge you to publish my name and the full uncensored contents of this letter in your next column.

Read More - Opens in a new window

Most Read

SBS FirstHome Combo 4.29
Unity First Home Buyer special 4.29
Co-operative Bank - First Home Special 4.85
China Construction Bank 4.85
TSB Special 4.89
ASB Bank 4.89
Kiwibank Special 4.89
Westpac Special 4.89
Kainga Ora 4.89
BNZ - Std 4.89
AIA - Go Home Loans 4.89
Nelson Building Society 4.93
Westpac Special 4.95
BNZ - Std 4.95
China Construction Bank 4.95
Wairarapa Building Society 4.95
Kiwibank Special 4.95
AIA - Go Home Loans 4.95
TSB Special 4.95
ANZ Special 4.95
ASB Bank 4.95
SBS Bank Special 4.95
SBS Bank Special 5.39
Westpac Special 5.39
Co-operative Bank - Owner Occ 5.59
ASB Bank 5.59
BNZ - Std 5.59
BNZ - Classic 5.59
AIA - Go Home Loans 5.59
Kainga Ora 5.69
Kiwibank Special 5.79
ANZ 5.79
TSB Special 5.89
SBS Construction lending for FHB 3.94
AIA - Back My Build 4.44
CFML 321 Loans 4.99
Co-operative Bank - Owner Occ 5.95
Co-operative Bank - Standard 5.95
Heartland Bank - Online 5.99
Pepper Money Prime 6.29
Kiwibank - Offset 6.35
Kiwibank 6.35
TSB Special 6.39
China Construction Bank Special 6.44

More Stories

Four decades of 6-7% yearly house price growth ending

Friday, March 21st 2025

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

Friday, January 31st 2025

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

It’s been years in the making and former real estate agent Mike Harvey is now coming to market with his platform matching buyers and sellers, an offering he says will be a gamechanger for the industry.

Leaving last year's stumbling housing market behind

Friday, January 17th 2025

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Don’t bet on house prices rising faster than incomes

Wednesday, January 15th 2025

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.