Ask Olly Newland a question FREE

[OllyN]

Thanks Hec. No I'm not tired at all. Maybe once a month when I have to collect the rents it becomes a little wearisome but that's all.

Olly Newland
Residential & Commercial Solutions
www.ollynewland.co.nz

[Cannon]

Hi Olly,

Thank you for your reply, that makes sense. I am focused on South Auckland. I have been told that it always gets hit hardest first when the market slumps and is the last to rise when the market goes up again. I guess those factors coupled with the increased tenant hassles (although I have had none really, my tenants are really good so far) are the price we pay for a better yield. Would you agree?

I spoke to a real estate agent this morning who told me that her sole focus at the moment is selling houses to Housing New Zealand and that they are buying a lot. I wonder how that will affect things?

Thanks Olly.

[fatfishandchipman]

Olly, two questions, if I may…

This recession was as nasty as any I can recall but I we are now coming out of it.

Q1. What indicators are you using to validate the above statement?


Q2. The common feature between the failed financial companies (in recent years), both here in New Zealand and in Australia, appear to be their real-estate portfolios. Given this information, why, if these large companies, whose risk was spread over a large field of non-commercial and commercial real estate assets, failed, do you think the environment is still good for the “little guy?”

[OllyN]

The indications that we are through the worst - a rising share market, fewer major corporate failures, more companies announcing profits, low interest rates, and especially what my 100's of clients are telling me about their confidence levels. That's the best yard stick of the lot.

The big real estate companies typically invested in king sized properties for which there is only handful of buyers around at any one time. By operating in a rarefied atmosphere they have made a rod for their own backs and can take a hiding in bad times.

Olly Newland
Residential & Commercial Solutions
www.ollynewland.co.nz

[ENP]

http://www.stuff.co.nz/business/3463...ce-in-recovery

Maybe the economy isn't recovering like your saying? It's not my opinion, I just found the article.

[Mark_B]

Olly's right in saying it looks like we are through the worst.

Some (including the Chinese Premier as recently as 3 days ago) have warned of complacency and said that the prospect of a double-dip recession still remains. But even if that happens it is not likely to be anything like what we have just come out of.

[k1w1]

Olly, Given that us NZ'ers are known for our propensity for property investment, DIY and home ownership, why aren't there any real media-savvy home/investment-related entertainers that are household names here? The UK is similar to NZ in its peoples love of home ownership, yet they have the likes of Sarah Beeny, amongst others, that are genuine household names. Sure, it's just infotainment, but a similar thing hasn't seem to have caught on here. Why do you think that is?

[OllyN]

The reason why we have less "names" being used in the property investment media is the cost of producing any sort of program. I was involved, as you might know, with "Property Climbers" on TV 1 over two years. The production costs to make the series was huge. Although it rated in the top 10 in both years, TV1 found it cheaper to import ready made programs from overseas.
Olly Newland
Residential & Commercial Solutions
www.ollynewland.co.nz

[AMR]

There's that North Shore agent Sarah Pearce on the Save my house show...

[Playachicken]

Olly,

How do you think NZ will be affected if/when the USA housing market completely tanks as more and more ARMS mortgages reset over the next 3 years?

Vicky

[LKSteve]

Olly,

How do you think NZ will be affected if/when the USA housing market completely tanks as more and more ARMS mortgages reset over the next 3 years?

Vicky

Good question Vicky. The problems in the U.S.A don't appear to be lessening at all. I'm interested in Olly's thoughts on this also.

[XYZ-Man]

Olly, Given that us NZ'ers are known for our propensity for property investment, DIY and home ownership, why aren't there any real media-savvy home/investment-related entertainers that are household names here? The UK is similar to NZ in its peoples love of home ownership, yet they have the likes of Sarah Beeny, amongst others, that are genuine household names. Sure, it's just infotainment, but a similar thing hasn't seem to have caught on here. Why do you think that is?

Tall poppy syndrome, as a result most people prefer to operate under the radar. That's why if the profiles you in the property magazines are for wannabes. The serious guys don't advertise themselves.

[OllyN]

ARMS ( Adjustable Rate Mortgages) may be able to be reset at higher levels, but could cause another flood if foreclosures. Lenders in the US must be terrified of that scenario and either not adjust or adjust only slightly. What might actually happen is any ones guess as the matter is highly political.

[Xav]

The indications that we are through the worst - a rising share market, fewer major corporate failures, more companies announcing profits, low interest rates, and especially what my 100's of clients are telling me about their confidence levels. That's the best yard stick of the lot.

Olly, do you think that the New Zealand property market is also through the worst of it?

[Aeryn]

Just in case you're up for another one...

If you were refixing loans at the moment, but could only commit to deals for a year - what would you do, float, fix for 6 months (x2) or one year?

Aeryn