Barfoot's Auction Observations

[cube]

For personal reasons ;-) I have been taking an interest in Barfoot Auctions broadcast live on the interweb over the last couple of weeks.

For each auction I recorded

• homes.co.nz low and high estimate, judging results against the mid-point
• oneroof.co.nz low and high estimate, judging

...

[TheLibrary]

Hi. In the 90s an existing carport was converted to fully enclosed garage with a laundry, but it was never permitted. Now it needs significant work. Can anyone guide me as to how to address this. Because of the plumbing, my research tells me it indeeds needs a consent, and I am guessing a builder...

[Kaushik]

We have weatherside cladding in our property. Cladding is fine , there are no damages till now. Previous owners of the property have maintained it well. How do we maintain it going forward. We have been told that we need to maintain the paint but We are not sure how frequently we need to paint it. Should...

[Bayswaterorchid]

Hi I found a property here in Auckland that I really like but according to LIM report there were soil issues recorded. The land was not contaminated.

The report reads something like this-
"The land may not be suitable for particular development or land use purposes. A soil report...

[jack2016]

not pro or anti vax statement just an interesting observation

https://covid19map.co.nz/vaccination-rates/suburb/

[coolbananas]

I am about to sell my Wellington based investment property and have spoken to 2 different real estate agents. One believes the property should be sold by deadline sale and the other by closed tender. The latter does not believe in deadline sales.

I understand the difference between the...

[Fenix]

Hi everyone.

I currently have a modest amount of mortgage left to pay (Below 6 figures) - I currently live in my house with a border but have used it as a rental in the past when I’ve lived overseas and that may happen again in the future one day.

What I would like to know...

[donna]

Hi All,

Here's a summary of the new changes to the RTA - that all Landlords need to know - and if you're managing your rental properties you will need to know the Act and the changes in more detail.

https://www.tenancy.govt.nz/law-changes/

11 FEB 2021
...

[donna]

Stuff reached out to John Tookey, AUT professor of construction for comment and he says:



So the Gov't should not have and should now ditch KiwiBuild and focus on managing developments of social housing.

This has been said in many discussions on PropertyTalk...

[Merlot Mike]

Hi all, my prior experience has been with industrial but I'm wondering if anyone here has had experience investing in retail shopping mall units. I realise that the tenant turnover would probably higher than other kinds of commercial.

[Merlot Mike]

What are your thoughts on industrial property with %NBS around 60% - is this kind of property potentially harder to find tenants for??

[RollingCloud]

Hi
Found the perfect location with a small 73m2 house, just perfect for single me. Pricey neighbourhood but id say this would be my forever home (if there is such a thing). Going to auction. However........ this simple rectangle house single storey that was built in 60s, was moved onto new...

[CraigD]

I'm looking at a simple development/renovation and have bank lending approved for the initial purchase but have not queried yet about borrowing for development costs. Previously when looking at this type of borrowing the bank has requested fixed price contracts be reached with contractors which is...

[Beano]

I have heard depreciation on commercial buildings is back again!
Great news ... looking forward to the details.
I use to get $175k depreciation in the old days.... double bonus perhaps with another decrease in interest rate.

[quebec]

We put an offer on a property last year but didn't get it. Someone else's offer was accepted. Now the property is coming back to the market as the sale did not go through because the cross lease documents was misplaced by LINZ, they just can't find it. Total 6 units in the block and other 5 have the...