'Revenge' jibe irks developers
Monday 14 June 2004
An Australian real estate ethics advocate, whistleblower and author says New Zealanders are getting revenge for the Gold Coast property scams.
By The Landlord
But New Zealand developers have taken exception to the comments and say no one is being cheated.Neil Jenman has been in Auckland to check out the apartment rush and found similarities between promotion of Queensland property deals here a few years ago and the way Auckland apartments are being marketed to Sydneysiders.
"So you're ripping us off in revenge, are you?" Jenman said he asked fellow real estate observer and mortgage broker Kieran Trass of Auckland.
Jenman, the stroppy anti-auction agent, who appeared in a television documentary with bodyguards, said he was tempted by advertisements in Sydney for "apartments in the Shaky Islands and the spruikers who have recently landed on our shores are telling us that Kiwis pay no stamp duty, no land tax, no investors' tax and no capital gains tax".
Read More - Opens in a new window
Commenting is closed
House Prices
House price drops are short-lived - Alexander
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
Commercial
Resilience needed in face of change
The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.
Mortgages
Mortgage lending slumps to record low in April
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.
