I was invited to an interview with Chris Daniels the Online editor of the NZ Herald to talk about the property market. In the space of 14 minutes I managed to share my thoughts, opinions and insights into the property market ably guided by question from Chris.
These are the 7 questions - for the answers you'll need to watch the video!
- There’s a lot of talk of a property boom underway again – what are your thoughts – are we on the cusp of another irrational boom in NZ real estate prices – and how can we tell – are the monthly stats we get good enough to see when things are getting out of hand?
- You’ve been pretty critical of the use of CV – capital valuation in real estate ads – ie: sold for $100,000 above CV etc… what’s your problem with this?
- Is it possible to truly judge the impact of foreign – non resident buyers on the New Zealand real estate market and prices. What do you think of the Labour policy of banning the practice?
- You’ve talked recently about vendors being pushed into auctions with only very short listing times? What’s going on here?
- The Reserve Bank is set to announce restrictions on low equity mortgage lending soon – what sort of impact do you think this will have on the NZ property market? Would something like this really take the steam out of any bubble?
- The crash really gutted the real estate industry with many thousands of real estate agents leaving the industry altogether - are you seeing any signs of new people coming into the business? Are there enough people to sell all these houses?
- Prices seem to be going up – but we hear of agents constantly needing new listings –are people actually selling now? Is there still a real shortage of listings and what sort of impact does this have on prices and the sales process?