From the frontlines: End of week report for week ending July 31 2020

 
 
The market overall in most centres is extremely strong (we would use the term 'red hot' but it's a bit emotive ) and we are seeing crazy levels of activity!
 
Our clients in Wellington, Christchurch, Whangarei, Tauranga, Hamilton, Dunedin, Hawkes Bay, Palmy, are all reporting the same things, massive interest levels from home-buyers and very strong investment demand as well.
 
At our meeting in Manukau this week with our Advanced Results Team, the owner of the largest Real Estate franchise in South Auckland and several agents from his office ran us through the activity and sales results as we do most weeks, and they are as strong as we've ever seen in over 20 years of investing.
 
Auction rooms so full that 40+ people had to stand outside (see the photo, crikey ), multiple-offer situations on almost everything within a day or two of listing, some with 10+ offers! Agents desperate for stock and not enough coming to market to even closely...
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Investor Mistakes: Not understanding your 'WHY?'

Investor Mistakes: Not understanding your 'WHY?'

 

By Arn Mehta

 
 
 

When starting your Property Investment journey, it is so important to understand your end goal, or at least have some sort of strategy, as to what the end goal might look like.

 

Your ‘WHY’ might change over the years and that’s okay, life throws a lot of changes and challenges, but what is so important is to at least know why you are getting into Property Investment to start with.

 

In the beginning of my Property Investment journey, my ‘why’ probably wasn’t strong enough. The aim of ‘get wealthy’, and because a few books suggest Property Investment is a good idea doesn’t really cut it. Some of my mentors owned substantial portfolios (20+ properties at the time) and so I thought that’s what I want to do. By the time I had bought a couple of properties, some of my friends and peers had grown theirs even...

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