Global Economy

Economy Update

Economy Update

The Australia RBA has reviewed their cash rate in view of the slowing economy. It is now becoming apparent that this country has mismanaged its biggest resources investment boom in decades and is now potentially looking towards a new government to change this situation.

China’s weak data has been a concern to the markets and a reduction in projected growth is forecast for this year. China’s reduced projected demand of coal and iron ore is directly affecting the Australian markets. However, business confidence still remains unchanged in a recent BNZ Business Confidence survey in New Zealand.

This is having a positive flow on effect on migrant flow between NZ and Australia reducing NZ net loss significantly over the last months of data. The net loss a year ago was 39,622, while the current net loss is 32,862.

Burn survivor inspires First National to help future patients

Photo caption: [From left] The National Burn Centre co-ordinator Tracey Perrett and Christine Selwyn with one of the new iPads.

[From left] The National Burn Centre co-ordinator Tracey Perrett and Christine Selwyn with one of the new iPads.

Christine Selwyn was 17 when 44 per cent of her body was severely burnt in a house fire. She was staying in her grandmother’s Northland garage to celebrate a cousin’s 21st birthday when an unattended candle caused the blaze.

Christine has endured 27 operations and 17 stays in hospital since the accident in April 2001. When first injured, she wore face masks, neck, leg and finger splits and spent two years wearing pressure garments.

Christine had to learn to walk, talk and feed herself again.

It was during the 29-year-old’s most recent stay in the National Burn Centre, which offers treatment and rehabilitation to the most severe burn patients from across the country, that she inspired staff and aided future patients. Christine explained how isolated she felt living in a hospital unit without social media and Internet accessibility for months on end.

“I love coming to the National Burn Centre because everyone has got something in common,” says Christine. “People don’t look at me strangely because they are either patients or staff.

“But last March I was in for a neck release operation, which was a two month stay and that was harder than when the accident first happened. I was completely over it, frustrated, bored and lonely.”

While Christine remembers feeling isolated in 2001, she was in the Intensive Care Unit for one month and too unwell to do much at the time.

Christine uses social media and email to connect with the majority of her extended family and friends who live in Northland and Australia. She finds being unable to update them about her treatment and rehabilitation hard.

The National Burn Centre had one computer in a family room with very limited Internet access, including no Facebook or Trade Me. Until, First National Real Estate donated to the First National Charitable Foundation, which donated four new iPads with ongoing connectivity. The iPads are now used by the victims of burns that are separated from their family and friends for weeks and sometimes months.

“It’s great,” Christine says. “When I was first injured I had difficulty talking on the phone because my vocal chords were damaged, so I had to whisper. If the iPads were there I could have just emailed if I felt up to it.”

Christine has another major reconstruction surgery next year and is already feeling more positive knowing she can keep engaged via social media.

“Our patients tend to stay for longer periods while receiving treatment and the iPads are a fantastic tool of interaction and entertainment for them,” says the National Burn Centre co-ordinator Tracey Perrett.

“They also help patients and their family manage life’s ongoing demands that don’t stop in spite of a major family trauma, such as finding new accommodation if a house is fire damaged or paying bills.

“The iPads are also useful as a distraction therapy during long procedures, like dressing changes. We are extremely thankful to First National Group for the donation.”

Make sure to install smoke alarms in your home, including sleep outs and garages and routinely check they work, adds Christine.

When you buy a house from First National Real Estate* you will receive a gift of compassion with your family’s safety in mind. A Home Safe Kit comes with fire extinguisher, fire blanket and smoke alarm. From the purchase of each kit $5 will go directly to the First National Charitable Foundation, which is in partnership with the National Burn Centre.

In March, the First National Charitable Foundation donated new Freeview flat screens to the National Burn Centre in time for the digital switchover.

*Participating offices only.

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For further comment, please contact:

 

Colleen Milne                                                          Rebecca Reid

General Manager                                                            Director

First National Group NZ Ltd                                        BOOM! PR

029 771 0750                                                                    027 519 4994

 

 

 

 

About the National Burn Centre

The National Burn Centre (NBC) offers treatment and rehabilitation to the most severe burns patients from across the country, both adults and children. While the government provides funding for healthcare, NBC also relies on financial support from generous individuals and corporates to help update and equip this country’s dedicated burn treatment unit.

About the First National Charitable Foundation

The First National Charitable Foundation is a registered New Zealand charity purposely founded with philanthropic objectives. Through the Foundation, First National’s 60+ offices around the country are able to provide significant benefits to various educational and humanitarian work in New Zealand.

Changes to Home Insurance

By now you have probably seen the adverts with the talking letter boxes warning us about sweeping changes within the insurance industry in New Zealand. The aim of the campaign is to help inform and educate home owners about the move from unspecified open end replacement insurances, based on size (sqm), to maximum specified sum insurance policies, commonly known as Sum Insured policies.

In order for you to have protection in the event of your home being destroyed, it is important that you are aware of these changes and know exactly what the cost of rebuilding your home would be.

How should you calculate the Sum Insured?

There are a number of online calculators from most insurers which will assist in determining the cost of rebuilding your home; alternatively, some home owners are using professional services to determine rebuild costs.

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The TV adverts direct you to visit http://need2know.org.nz which is brought to you by New Zealand’s largest general insurer, IAG New Zealand Limited (the owner of the State, NZI and Lantern Insurance brands and underwriter for most of the home insurance offered by ASB, BNZ and the Co-operative Bank, and many New Zealand insurance brokers) and by AMI. Your own insuracne company will also have details on their own website

Gap Widens between Auckland and Regional New Zealand Property Prices

The NZ Herald (Monday 4th June) printed significant data and statistics which reveals that Auckland property boom is causing a widening gap from the rest of the country. They go on to state that many provincial towns have not fully recovered from the national housing boom in 2007, before the global financial crisis hit.

This is backed up by reports from regional First National offices that some provincial towns are still struggling to achieve the ‘boom’ prices. Prices were pushed up during this time and many vendors still have these expectations. Provincial towns such as Tauranga, Rotorua and Taupo are still down on the prices received during 2007 between 10-13 %.

Median house pricing across the country does not provide an indication of where the market is for many regional and provincial towns and cities. However, with a general shortage of listings at the moment, you have an opportunity to achieve a better sale price.

"bach tax"

Never a better time to sell

JuneHouse Balance

Don’t wait for spring, because you will be competing with many other sellers who are also waiting to bring their property onto the market.

List your property ‘now’ when the stock of unsold homes on the market tightened to an all-time low of 25 weeks,  based on the rate of sales, well down on the  long term average of 38.1 weeks. The number of new listings in June represents an 18% fall and it is the lowest number of June listings for 7 years.

The housing market remains in favour of the sellers. This is driven by a shortage of listings for sale and low inventory across many regions which include Canterbury, Waikato and Central Otago. Wellington’s stock has fallen to 15.4 weeks, the lowest since 2009.

It remains a sellers’ market across 15 regions of the country. With supply of stock so low in many regions, the economics of supply and demand influences property prices upwards.

The asking price fell in June to $450,178 down 1% on the previous month lead by Auckland experiencing a slight fall; however, this was tempered by Wellington and Canterbury where the asking price rose.

First National Chairman meets John Key to Talk Housing

Bob Brereton (First National Chairman) had the opportunity to attend lunch with the PM when he visited Motueka.

John Key

John Key’s speech was focused on the economy and the state of the nation, but also touched upon “a topic close to our heart, the housing market” said Bob.

“I spoke to Mr Key about the housing issue, that the Auckland market buoyancy misrepresents the median price for the country. Mr Key is mindful that a rampant Auckland market would have an adverse effect on the country and the Reserve Bank may want to intervene.”

John Key acknowledged that there needed to be further high level, meaningful engagement between the government and leaders in the real estate industry, which may encourage an industry wide discussion rather than a sledgehammer to our economy as proposed by the Reserve Bank.        

        

Youngest chairman and a top seller

First National Group has honoured its brightest real estate stars in its annual national awards.

The dedication shown by the offices is highlighted by Motueka-based Bob Brereton who ranked in the top 20 sales agents in the country, while fulfilling his duties as First National Real Estate’s youngest chairman.

The Awards were presented at the First National Australasian Conference held recently on Hamilton Island, Australia.

“Placing seventh top salesperson and fulfilling his duty as chairman is a testament to Bob’s professionalism and dedication,” says First National Group general manager Colleen Milne.

“Bob’s continued ability to develop and maintain client relationships, his industry knowledge and strong work ethic all contribute to his success.”

Mr Brereton, who owns First National Motueka says, “I love what I do and take my role as an area ambassador very seriously.

“The real estate industry is people focused and nothing makes me happier than using marketplace knowledge and expertise to get my clients results.”

First National offices across the country compete for the yearly national awards, aimed to keep agents striving for excellence and customer satisfaction.

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For further comment, please contact:

Bob Brereton

Director, First National Motueka

Chairman, First National Group

021 772 309

 

Colleen Milne

General Manager, First National Group

First National Group

029 771 0750

Image

Bob Brereton and Colleen Milne at the First National Australasian Conference.

National awards testament to dedication and hard-work

First National Group has honoured its brightest real estate stars in its annual national awards.

The dedication shown by the offices is highlighted by Stratford-based Owen Mills who took out six prized awards, after providing great service to his clients while recovering from a hip replacement.

Mr Mills is owner of First National Allied Farmers, which won a further four awards, including office of the year (in the six-10 salespeople category) and top auction office.

Becoming known as a rural real estate expert that always delivers is Mr Mills’ winning formula.

“The hip replacement made me feel 20 again,” Mr Mills adds.

For the 15th consecutive year Gillian Cross has taken out the top sales consultant award. The Churton Park real estate agent also won the top residential salesperson award and had the top dollar value of confirmed sales for the group.

“This is a highly sought after award and being top sales consultant for 15 years is a testament to Gillian’s continued professional approach to everything she does and to her knowledge of the marketplace,” says Paul Coltart, owner of First National Guardian.
“Gillian celebrated her 20th anniversary and continues to achieve outstanding results because of her strong work ethic and genuine interest in her clients.”

First National offices across the country compete for the yearly national awards, aimed to keep agents striving for excellence and customer satisfaction. This year’s ceremony was held at the First National Australasian Conference on Hamilton Island, Australia.

“This year’s victors all say the cornerstone of their businesses is making clients happy and helping them fulfil their dreams,” says First National Group general manager Colleen Milne.

“Deciding to buy or sell a property can be a stressful time but our teams make it a positive experience and achieve our customer’s desired outcomes.”

First National Group’s award winners are:

Top office: Group 1 (1 – 5 salespeople) First National Guardian, Churton Park.

Top office: Group 2 (6 – 10 salespeople) First National Allied Farmers, Stratford.

Top office: Group 3 (11 + salespeople) First National Mark Stevenson, Blenheim.

Top property management office: First National Allied Farmers, Hawera.

Property management growth: First National Taupo.

Top rural office: First National Otaki.

Top commercial office: First National Reid & Wilson, Timaru.

Top auction office: First National Allied Farmers, Stratford.

Property Press cup for profile marketing: Owen Mills – First National Allied Farmers, Stratford.

Property Press rookie of the year: David Oldham – First National Waitakere, Auckland.

Next generation award: (salespeople under 30) Stacey Cruse – First National Gore.

Top auction lister: Owen Mills – First National Allied Farmers, Stratford.

Top residential salesperson: Gillian Cross – First National Guardian, Churton Park.

Top rural salesperson: Owen Mills – First National Allied Farmers, Stratford.

Top commercial, industrial and business sales person: Peter Wilson – First National Reid & Wilson, Timaru.

Top sections and project marketing award: Mike Murphy – First National Richmond, Nelson.

Top 20 salespeople: (1) Gillian Cross – First National Guardian, Churton Park; (2) Yolanda Atkins – First National Waitakere; (3) Owen Mills – First National Allied Farmers, Stratford; (4) Gillian Quantrill – First National Rutherford, Howick; (5) Mike Murphy – First National Richmond, Nelson; (6) Andrea Church – First National Mark Stevenson, Blenheim; (7) Bob Brereton – First National Motueka; (8) Arthur Subritzky – First National Now, Auckland; (9) Tony Xu – First National Rutherford, Howick; (10) Raymond Kwan – First National Rutherford, Howick; (11) Mark McLeod – First National Reid and Wilson, Timaru; (12) Jamie Gemmell – First National Western, New Plymouth; (13) Margaret Wilson – First National Mid Canterbury, Ashburton; (14) Kim Fraser – First National Taupo; (15) Grant Robertson – First National Otaki; (16) Kevin Bastin – First National Tauranga; (17) Margaret McKeefry – First National Guardian, Johnsonville; (18) Lee Girvan – First National Western, New Plymouth; (19) Christine Rider – First National Omokoroa; (20) Jill Cole – First National Wanaka.

Top performer of the year winners: Top number of confirmed sales: Gillian Cross – First National Guardian, Churton Park; Top number of confirmed sales (sections & project marketing): Mike Murphy – First National Richmond, Nelson; Top dollar value of confirmed sales: Owen Mills – First National Allied Farmers, Stratford; Top exclusive lister: Rachael de Vries – First National Roper & Jones, Dargaville; Top exclusives sold: Mark McLeod – First National Reid & Wilson, Timaru; Top auction lister: Owen Mills – First National Allied Farmers, Stratford; Top gross referral fees generated: Kelly Gooch – First National Wanaka.

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For further comment, please contact:
Colleen Milne, General Manager First National Group, 029 771 0750.

First National Real Estate Time for Change

After over a quarter of a century in Tauranga, First National Real Estate recognised to continue in today’s competitive market, it was time for change. Such a change involved not only relocation of the National office to Auckland but the restructuring of resources to provide expanded products and services to our membership.

This relocation to Auckland was specifically engineered to increase both presence and brand profile in a business city. Suffice to say, this move, together with the restructuring, has resulted in shaking off the gloom of recent poor market conditions, the global financial crisis and, ultimately, enabled us to focus on adding value and growth to our membership.

The introduction of a vast array of new technology products from First National (Australia) will provide benefits to our sales and property management teams. This is just one of the great benefits of being a part of a 400+ First National International network. Added to this, as a co-operative, our members continue to value their autonomy as they have no big brother watching over them.

A revitalised executive management team lead by general manager Colleen Milne (MBA) has achieved exceptional results largely due to her hands on administrative approach backed by her extensive experience at senior management level. This real estate role is a change of career for Colleen who previously came from a franchising background, “it is a pleasure to work in this co-operative, with such a committed group of members. The members believe in the brand and work together for the good of the membership which is very refreshing” says Colleen Milne.

Under Colleen’s guidance, the restructuring of the National office has seen the introduction of a real estate licensed trainer, a property management trainer as well as a membership services manager who are all focused on delivering products and services to the network’s sales people, property managers and their teams.

Joining the executive, in 2012, was a very technology savvy Chairman of the Board, Bob Brereton whose guidance and expertise is taking the First National brand from strength to strength.

For more information please contact:
Colleen Milne
General Manager
First National Group NZ Ltd
Mobile: 029 771 0750

First National Real Estate New Zealand's General Manager, Colleen Milne

First National Real Estate New Zealand’s General Manager, Colleen Milne

First National Real Estate Celebrates – Lower South Island – Regional Winners

First National’s top regional performers for Southland Region which include Wanaka, Cromwell, Invercargill, Gore, Riverton, Timaru and finally Ashburton are celebrating after being recognized at the real estate network’s regional conference and awards.

First National Group general manager Colleen Milne says “the awards are recognition of the commitment, professionalism and putting the customer first.”

“The achievements of these salespeople are great to see after the previous, very difficult years within the Real Estate industry. We are all celebrating 2012 as a great year of growth in sales and in the performance of our offices.” states Colleen Milne

Top 10 Regional Sales Consultants Awards

10th   Janine Johnstone – First National Gore
9th     Gordon Stewart – First National Cromwell
8th     Alec Darling – First National Reid & Wilson, Timaru
7th     Jenny Wilson – First National Riverton
6th     Richard Savory – First National Invercargill
5th     Peter Wilson – First National Reid & Wilson, Timaru
4th     Stacey Cruse – First National Gore
3rd     Jill Cole – First National Wanaka
2nd     Margaret Wilson – First National Mid Canterbury, Ashburton

1st     Mark McLeod – First National Reid & Wilson, Timaru

Top 10 regional Sales Consultants - Region 5

Top 10 regional Sales Consultants – Region 5

“These sales people have built enduring relationships with in their communities, with vendors and buyers. Building trust and confidence with all clients is a predominant aspect driving the sales agents success” states Colleen Milne

Jenny Wilson (who sadly passed away suddenly, Christmas 2012) was honored by Bob Brereton( First National Chairman) in a special dedication speech. Bob thanked Jenny for her contribution to the network and as also for being a great friend to many present, she will be sadly missed by all. Jenny was awarded the Platinum Achiever award which recognizes outstanding achievement in sales for 6 consecutive years.

Also celebrated Top Performers on the night was Mark McLeod from First National Reid & Wilson who received; Top Number of Confirmed Sales; Top Exclusives and Top Residential award. Mark was also recognized for his exceptional achievement in sales over the last 8 consecutive years.

Top Office: Awards in Group 1 ( 1 -5 consultants) was awarded to First National Gore. First National Gore also received the Top Rural Office award. “This is an outstanding achievement for our new members in First National Gore, Tara and Graham Maxwell” states Colleen Milne.

Top Office Group 2 ( 6 – 10 sales people) was won by First National First National Reid & Wilson, Timaru. Top Commercial Office award was once again won by First National Reid & Wilson.

The Property Management award was awarded to First National Mid Cantebury, Ashburton. While the Top Property Growth award when to the team at First National Invercargill.

 

For additional comment please contact

Colleen Milne, General Manager

First National Group

(029) 771 0750