Tag Archive | real estate

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.

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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 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

First National Real Estate Celebrates – Success in Taranaki /Wellington Region

First National’s top regional performers for the Taranaki / Wellington region are celebrating after being recognised 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 is 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 performance of our offices.” states Colleen Milne

Award winners for Taranaki / Wellington were:

Top 10 salespeople were:
1. Gillian Cross – First NationalGuardian, Churton Park
2. Owen Mills – First National Allied Farmers, Stratford
3. Jamie Gemmell – First National Western, New Plymouth
4. Grant Robertson – First National Otaki
5. Margaret McKeefry – First National Guardian, Johnsonville
6. Lee Girvan – First National Western, New Plymouth
7. Anil Parbhu – First National Guardian, Johnsonville
8. Grant Longstaff – First National Kapiti Coast, Waikanae
9. Pamela Paterson – First National Allied Farmers, Hawera
10. Andrea Bradley – First National Kapiti Coast, Waikanae

Top 10 Sales Consultants for Region Three

Top 10 Sales Consultants for Region Three

Gillian Cross of First National Guardian, Churton Park also took out the awards as the top performer for the following categories; Top Number of Confirmed Sales; Top Exclusive Lister; Top Exclusives sold and the Top Residential Award. “Gillian continues to be an outstanding performer, which is evident in her receiving First Nationals top achiever category called Platinum for 16 consecutive years” said Colleen Milne.

“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

First National Guardian, Churton Park, Wellington also won the Top Office award for the group of 1-5 offices.First National Allied Farmers in Stratford won Top Office in group two, 6 -10 Sales consultants and finally First National Western won Top Office in group three (11+ sales people).

Owen Mills from First National Allied Farmers, Stratford had a great award night of success also winning Top Dollar Value of Confirmed Sales and Top Auction Lister, Top Property Press Advertising Award and also the Top Rural Award.

Property Management awards were once again won by First National Allied Farmers Hawera. This award recognizes the dedication of the Hawera property managers.

The night was celebrated with a banquet dinner and dance.

For additional comment please contact
Colleen Milne, General Manager
First National Group
(029) 771 0750

Make a splash this summer

starfish
Selling a home in summer can be tricky for some but rewarding for many – it all comes down to getting the details right.

Correctly pricing your property choosing the right marketing method is the key. Real estate agents can make a lot of difference here as they have the necessary knowledge and experience to maximise the value of your property.

When it comes to pricing the property, home-owners need to consider the market and buying conditions. While spring has seen a resurgence in buyer confidence, house prices still have a way to go before they fully recover.

One of the biggest dilemmas summer sellers face is whether to go to auction or sell their house through private treaty (for sale). In making this decision, there are a number of factors that should be considered such as location, style of property, level of demand and timing of the sale.

Private treaty and auctions where both have their advantages and disadvantages. The processes must be carefully weighed against each other.

When it comes to auctions, there are two types to be considered: in-room or on-site.

Again, both are viable options and it comes down to where the vendor sees the biggest advantage.

The soft market of recent times is showing a trend towards private sales over auctions, with sellers more inclined to take that route than what they perceive as the uncertainty of the potential outcome on auction day.

It is advisable to discuss all the options available with a real estate agent.They will help determine which method of sale best suits your individual circumstances and the likely degree of demand for the type of property you’ll be offering the marketplace.