Blog 2
The above article relates to my previous
article posted on the 11th of March.
The article published by the NZ Herald
gives a comparison of the property market in the North Island, properties
in the Rotorua, Tuakau and Hamilton have seen the biggest increase.
Properties in the Fordlands (Rotorua)
increased the most by about 12.4% taken from the QV quarterly report.
Kuratau which is near Taurangi saw there
property values decrease by 11.4% quite a significant drop and also Kaitai fell
by 4.1% and Featherston and Wairarapa fell by 3.7%.
In Wellington, Lyall Bay and Seatoun saw
property values rise, Seatoun by the most.
Main focus point featured in the
article: property values through out the country are increasing and decreasing.
This article relates to Welly
Real-Estate because it states property rises and decreases all over the country
and this could relate to where Welly Real-Estate aim the sales of their
properties throughout New Zealand due to the increasing/ decreasing property
values in certain areas.
The advise I would give to Welly
Real-Estate is too continue to push sales in the higher scaled end of the market
and throughout the middle and stay away from the lower scaled. Welly Real
estate could look at investing in property sales in and around the Rotorua
region, which are showing pleasing property potential and growth. Welly
Real-Estate company could focus the business on house sales among small cities
that are on the incline towards high
property value increases and if Welly Real estate discovers an opening in the
market they should take up the opportunity before another company does.
Work Cited:
McCrackin, H. "Property Values
Climb". Web. March 16. 2014.
Smith, D. "House prices surge in
spite of loan restrictions". Web. March 10.
2014. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11213979.
Duncan, H. "House prices surge
in spite of loan restrictions". Web. March 10.
2014. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11213979.
Reserve Bank of New Zealand. "Loan
to valure ratio restrictions". Web. March 10. 2014. http://www.rbnz.govt.nz/financial_stability/macro-prudential_policy/5393159.html
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