We're no cowboys - agent

Thursday 24 June 2004

A New Zealand real estate agent campaigning to sell Auckland apartments to Australians says he cannot keep up with demand from Sydney.

By The Landlord

But City Sales boss Martin Dunn said he was irked by allegations this month from Australian real estate agent and industry crusader Neil Jenman that Auckland apartment marketers and sellers had become the "Queensland cowboys" of Australasian property.

Dunn said Auckland agents were not selling overpriced apartments to Australians in revenge for Queensland timeshare scams wrought on New Zealanders.

"I am particularly sensitive to our being branded as the Queensland cowboys. We are deluged with Australians. Without any advertising in Australia, we sold 14 suites out of 28 to Australians last month in The Statesman at 1 Parliament St and we are marketing more on The Statesman in Sydney next month and Melbourne in August."


City Sales has a marketing programme in the Sydney Morning Herald to advertise 52 units in the 229-unit The Statesman near the High Court. Studios are selling from $150,000 and two-bedroom units are priced from $320,000. The penthouses, each about 70sq m, were sold for $475,000 and $550,000, Dunn said.

Australians were keen to buy Auckland apartments because they could get a 7 per cent net return, compared with a 2 per cent return in Sydney.

Read More - Opens in a new window
Commenting is closed

House Prices

Values pick up the pace

There’s a more upbeat feel to the property market and it’s obvious in this month’s QV data which has values firmly on the rise.

Commercial

Commercial disrupter proves popular

New commercial property disrupter, Jasper, has hit the ground running with their first investment offering achieving full subscription in just 36 hours.

Mortgages

LVRs kept on hold

The Reserve Bank has kept its LVR speed limits on hold amid fears low interest rates "could lead to a resurgence in higher-risk lending".

Site by PHP Developer