Auction sales rate consistently sitting above the half-way mark in recent weeks

Property / news

More auction room activity last week but results are still volatile from week to week

12th Aug 23, 6:00am by Greg Ninness

Residential property auctions continued with their recent up and down pattern, with results from the latest auctions monitored by interest.co.nz being up on the previous week.

A total of 231 properties around the country were offered at the monitored auctions over the week of 5-11 August, up from 159 the previous week.

Of those, 125 were sold under the hammer, giving an overall sales rate of 54%, up slightly from 50% the previous week.

Price appears to remain an issue for many buyers, with just 35% of the properties that sold achieving prices above or equal to their rating valuation, compared to 32% the previous week.

Overall, the level of auction activity remains volatile from week to week, although the proportion of properties selling under the hammer appears to have lifted to around half from about a third a couple of months ago.

Unfortunately the volume of properties going to auction is so thin it's difficult to draw conclusions about market direction from the recent results.

Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices and rating valuations of those that sold, are available on our Residential Auction Results page.

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128 Comments

by Peter M | 12th Aug 23, 6:24am 1691778249

More people signing up for their financial death penalty. Their latest PPI shows that the USA is still not on top of their inflation and energy commodities keep on increasing in spite of the higher US dollar. More inflation and longer rates to come for New Zealand.

by Hawkes Bay | 12th Aug 23, 6:55am 1691780116

Yes, but the people were warned. From the Scroll, pages 1 and 2.

by Future | 7th Oct 22, 2:34pm

The Seal has been Broken. This is how the Scroll reads.

Interest Rates will continue to go Up from here and Stay Up for a Long Time.

Banks will sell Mortgages at 10% +. ( Double Digits ). The OCR Forecast Peak Goalposts will continually be Moved Higher and Higher ! 10% Interest Rates Next Year, Guaranteed !

by Flying high | 12th Aug 23, 8:15am 1691784918

My suburb of Auckland has thousands of rentals. But very few available to rent, the lowest I've seen.

So buying by firlrst homers is probably a good idea

by Colin Cameron | 12th Aug 23, 8:51am 1691787113

HB it's next year now I thought you use to say this yr.

by Hawkes Bay | 12th Aug 23, 10:47am 1691794024

Have a closer look Colin Cameron.

by Colin Cameron | 12th Aug 23, 12:04pm 1691798686

I did HB upto a few weeks ago it was this yr. Just saying if TA was making those guarantees imagine the dragging across the coals he would get.

by agnostium | 12th Aug 23, 1:03pm 1691802207

He's quoting himself from 2022

by tothepoint | 12th Aug 23, 10:41am 1691793701

DGM showing increasing signs of nervousness as the housing market shows increasing signs of confidence……

This is a well-known inverse relationship.

Happy house-hunting to all readers here. 😁

TTP

by Hawkes Bay | 12th Aug 23, 10:45am 1691793956

Did you ask for the Green Tick to be removed Tim ?

by agnostium | 12th Aug 23, 1:05pm 1691802327

What is the green tick thingy that has started to appear?

by meh | 12th Aug 23, 4:00pm 1691812829

It's one of those weird status symbols that everyone has become enamoured by, like Facebook likes and number of followers.

It highlights you're a paying supporter rather than some freeloading pleb.

by agnostium | 12th Aug 23, 5:01pm 1691816515

Hmm, not that keen on that. You shouldn't have to pay to take part in the comments. Some people may not be able to afford it but their opinion is still worthy. Judging by the people who have ticks you might even say some of the the non-ticks are more worthy of being able to comment on account of them not being a twat.

by rastus1 | 12th Aug 23, 10:41pm 1691836900

No necessarily free loading. I’ve been paying half the rate for many years now. Don’t be so quick to judge.

by Iceman | 12th Aug 23, 11:00am 1691794812

All their “guaranteed” predictions are just laughable and desperate now. Let them continue to wait for the bottom to buy.

by Albert2020 | 12th Aug 23, 7:00am 1691780448

USD on a tear for the past month, huge week against kiwi. What’s the reason given inflation is moderating in US? Is it more to do with weakening kiwi given recent commodity declines?

by Independent_Observer | 12th Aug 23, 8:26am 1691785609

Risk sentiment. NZD drops when global equities fall.

by Flying high | 12th Aug 23, 8:31am 1691785878

How does that relate to housing and auctions. Wrong thread

by Retired-Poppy | 12th Aug 23, 9:23am 1691788988

Yvil, the constant harassment of other members is counterproductive to paid subscription. You're putting people off.

by Mofo Fomo | 12th Aug 23, 10:24am 1691792660

Oh! - I get it! If you pay for something, to get no ads, it makes you smarter and a better class of contributer.

Or, you could just get a free ad blocker.

Tell me, being a proxy shareholder do you gèt access to the P & L financials and wages data to verify the poverty of said organisation. And thus the reason for demands for said donations pleas.

Weaponizing ads as a to get income ( disguised as donationss)just doesnt feel right to me.

No doubt this wil be my last post.

by Hawkes Bay | 12th Aug 23, 10:32am 1691793132

Hang in there Mofo Fomo.

Just stay "Independent as Always" ( the motto for interest.co.nz )

The Covid Pass will be seen for what it is soon.

by Mofo Fomo | 12th Aug 23, 10:49am 1691794187

Nah. They can ban me. This site is to difficult to navigate, and wastes my time. Idjits can pay to post. Ill just watch.

Its all white noise with no net gain for anyone.

Its a time cost centre.

Name one post that has made a improvenent to society.

by Flying high | 12th Aug 23, 3:30pm 1691811044

The insightful understanding from A Great, IT GUY

by Mystery | 12th Aug 23, 4:00pm 1691812803

'Name one post that has made a improvenent to society.'

Can't think of any posts in particular, but I personally always enjoy reading comments/posts bellow the articles on Interest.co.nz to get a feel for what the community thinks. Discussing issues is always a good idea in my opinion and such discussions more often than not lead to improved outcomes for individuals and consequently likely to lead to an improved society overall. Or if not an improved society then at least to a more "informed" one.

This site is dedicated to "helping people make financial decisions" and the commenters help with that by offering their views which you can then do more research on if any of the comments trigger your interest, etc.

by agnostium | 12th Aug 23, 5:03pm 1691816611

Agree, I've picked up lots of insights from the comments. One of the main reasons I come to be honest. To see how facts are interpreted and spun.

by Mofo Fomo | 13th Aug 23, 1:37am 1691847442

Wow i haven't been banned yet.

I still have seen no benefit to society. Just individuals egos.

Every body who visits this site gives $$$ to this site via the " hits generated " to the Google behemoth add machine.

Yvil, calling everybody free loaders is just dumb. I'd call them wise.

Giving money without knowing the fiscal situation of the organization is likè giving money to mike Hosking because he says he needs it, or to a phone scam , or investing in a organization without doing due diligence.

ROI, is debatable if you consider the ads you have to suffer I donate to get rid of them.

I hate Google and thier grèed

by Zachary Smith | 13th Aug 23, 8:03am 1691870581

Interest.co wont ban you for this sort of thing. I've pushed the limits and have been banned in the past. However, it is the high level of tolerance that encourages me to be a contributor.

Comparing David Chaston and his team to Google?? David has asked for our help and we have responded like gentlemen. We live in a high trust society and we trust David.

by Mofo Fomo | 13th Aug 23, 10:12am 1691878360

Don't get me wrong. I trust these guys but not google, Ive known the internet before goògles over bearing dominance, and they should be paying more to inteeest.nz

by Flying high | 12th Aug 23, 9:32am 1691789540

Yvil, Are you the tick monitor, who gave you rights to scrutinise others free choice??? You've pissed off other commentators with your nagging comments.

You used to berate others for not relating their comments to the sub-heading "helping you make financial decisions". Choosing whether or not to purchase a product IS making a financial decision Yvil is it not?

Furthermore if I am bombarded by targetted adverts, isn't that also a benefit to interest.co.

And btw do you watch YouTube and do you pay to watch it.

Now, back to the topic ;)

Edit: where did the comment by Evil go. It deserved to get cancelled

by Retired-Poppy | 12th Aug 23, 9:35am 1691789711

Well said Flying High. Donation is a personal choice.

by Flying high | 12th Aug 23, 9:39am 1691789994

Wow that's possibly the first ever congrats you've handed me RP. Cheers

by Zachary Smith | 12th Aug 23, 10:30am 1691793052

Except it's not really a donation as the site isn't a charity. Contributors, like yourself, understand that these things cost money and need to make money.

by Retired-Poppy | 12th Aug 23, 11:35am 1691796918

Zachary, you can call it what ever you like. What it shouldn't be is the cornerstone of an argument or division over who does and doesn't donate/contribute.

by Hawkes Bay | 12th Aug 23, 10:09am 1691791743

Where did that comment go ? and what did it say ? I missed that one.

by Retired-Poppy | 12th Aug 23, 10:21am 1691792484

Looks like Yvil's comment has been deleted. Like with others last night he started harassing Flying High this morning.

by Flying high | 12th Aug 23, 3:32pm 1691811176

I've been "Flying" under his radar until now 🤣

by Independent_Observer | 12th Aug 23, 11:35am 1691796906

It is all correlated if you can see how the parts of the system work together (inflation, currencies, interest rates, bank lending, recession risk)

by Zwifter | 12th Aug 23, 6:36am 1691778981

All things considered the results look ok to me. Time of the year sitting here its 5.6 Deg C outside and more importantly an Election coming up its to be expected really. Yes current inflation and current interest rates for longer, the RBNZ is not going to raise to "Flatten the curve" so to speak.

by Yvil | 12th Aug 23, 9:22am 1691788922

Hi Zwifter, why don't you too click that "SUPPORT" button and help Interest out in exchange of your numerous comments. Surely you can afford it and the staff at Interest deserve it?

by Retired-Poppy | 12th Aug 23, 9:29am 1691789346

Yvil, AGAIN, the constant harassment of other members is counterproductive to paid subscription. You're putting people off.

by Mofo Fomo | 12th Aug 23, 10:42am 1691793732

Get real, everybody can be an ass! Ignore it! Dont highlight it and be an ass youself.

by Flying high | 12th Aug 23, 9:54am 1691790857

Yvil do you pay for YouTube or not? Why are you pushing this so hard

Last night you were disputing whether a regular commentator had signed up previously or recently. Get a life and be glad they have come around to your point of view

by Yvil | 12th Aug 23, 10:16am 1691792198

So you don't think Interest's articles and the staff working there are worth your 33 cents a day ?

by Flying high | 12th Aug 23, 10:53am 1691794381

If you dont pay for YouTube youre being a hypocrite !! The good book says not to be a hypocrite like those with religious zeal who stack up burdens for others Yvil. I'm sure you're familiar with that.

I'd add that interest.co writers are worth way more than 33 cents. But their motto isn't "helping you make financial decisions for interest staff"

Lets say Maccas had a choose to pay policy, how many would. The worst offenders would be those rich people in fancy suburbs.

by Colin Cameron | 12th Aug 23, 12:10pm 1691799013

Yvil I will pay if interest makes it mandatory that you have to have your correct name on the post. As alot on here dribble and complain but hide behind some pseudonym.

by Nzdan | 12th Aug 23, 12:25pm 1691799937

You're welcome to make your own website if that's what you want.

Maybe you could call it "uninteresting.co.nz", the target audience will be a bunch of likeminded old guys buying investment property in small towns and bickering about how nobody these days wants to work as hard as you do.

by Colin Cameron | 12th Aug 23, 2:07pm 1691806048

Didums struck a nerve have we. Just to point out most of my property is in a large city.

by Retired-Poppy | 12th Aug 23, 2:11pm 1691806273

Beijing?

by Nzdan | 12th Aug 23, 2:21pm 1691806913

Nope just throwing a bit of banter around. Nothing personal, it's what gives the comments section some character.

by Zachary Smith | 12th Aug 23, 10:54am 1691794453

I pay for YouTube, I highly recommend it. Mind you, I practically dwell inside YouTube. That said, I don't agree with pestering commenters. I feel slightly awkward about the big green tick, it's a little bit too big don't you think? An FHB facing big increases in mortgage payments shouldn't be pressured into subscribing for example.

I'd be happy to see the big green tick go but if this site needs more funds then they have to try doing something and see how it goes.

At this rate I think we will see the demise [of the big green tick] sooner rather than later..

by Mofo Fomo | 12th Aug 23, 10:36am 1691793418

You pay for you tube to get rid of ads and a few features.

I get no ads by using no google, samsung internet, ad block plus on a tablet that has nothing on it escept the internet... so if it is hacked i just reset it.

To easy

by Zachary Smith | 12th Aug 23, 11:08am 1691795319

If a company like YouTube is going to improve its systems and pay its content creators it needs to make money. Your attitude is remarkably shortsighted and not in the least bit admirable.

That said, for people like Yvil and myself the cost is a relatively paltry one.

by Yvil | 12th Aug 23, 12:44pm 1691801086

It sounds like Mofo has no concept of paying someone in exchange for getting something or getting paid for doing some work. Maybe he is on the dole ?

by Beanie | 12th Aug 23, 3:36pm 1691811375

You imply anyone putting their hand in the taxpayers pocket is a lesser person. Let's talk about that then. Did your motel put it's hand into the taxpayers pocket during covid? Even when it was explicitly stated that one had to first exhaust other options such as injecting more capital or approaching lenders?

by Mofo Fomo | 12th Aug 23, 7:14pm 1691824461

Its not about paying nor about ads, its about the control google has over everything,

FFS, they should be paying me for previosly stealing my data. But thanks to going google free and an ad blocker, the huge american thief gets nothing.

No ads on you tube, no ads on stuff... even my searchs dont show google prioritized sites first!

Just amazing!

by Baywatch | 13th Aug 23, 8:34am 1691872453

Or leased his motel out for emergency accommodation...

by Hawkes Bay | 12th Aug 23, 10:37am 1691793424

Thumbs up for those who do not feel good about the Paid to Say Green Tick .

by Zachary Smith | 12th Aug 23, 11:09am 1691795399

I upticked. It is distracting.

by Mofo Fomo | 12th Aug 23, 10:39am 1691793568

How do we know this site is on the fiscal edge?

by Zachary Smith | 12th Aug 23, 10:53am 1691794405

To be clear I meant the demise of the big green tick!

by Nzdan | 12th Aug 23, 12:00pm 1691798436

Don't mind the ads on here. Only once I've had an issue with an oversized ad taking up 2/3rds of the screen, which David addressed very quickly.

I have a young family and every dollar left over at the end of the month is split into mine/my child's savings accounts. Also putting as much as I can towards the mortgage. So yeah, I'm a freeloader.

by Thats All Folks | 12th Aug 23, 12:59pm 1691801959

Thing is, Adsense revenue in the Finance sector offers some of the highest CPM’s in the industry.

I understand advertisers are possibly pulling budget and therefore the sub option, but don’t feel bad for not paying, people come here for the commentary which makes this site what it is, can’t see the financials so maybe reasoning for the push is a lot worse than I imagine.

Still on the fence about it.

by Hawkes Bay | 12th Aug 23, 10:18am 1691792302

Yvil the good little Hall Monitor.

Some of us like to stay "Independent as Always".

At The Ministry of The Prophet we believe in giving in secret. Mat 6.

"So when you give to the needy, do not announce it with trumpets, as the hypocrites do in the synagogues and on the streets, to be honored by men.

The Green Tick is becoming like the Covid Pass.

Papers Please.

by Yvil | 12th Aug 23, 11:27am 1691796478

It has nothing to do with "being independant" the words you're looking for are "being a freeloader".

You should be deeply ashamed that, with the number of posts you write, you don't value the Interest content enough to contribute something to them.

by Retired-Poppy | 12th Aug 23, 12:29pm 1691800195

Yvil, you're behaving more like a dog who HAS "ticks"

For real, what is your true agenda here? To create division and therefore drive opposing individuals out of this forum? You are the only one here who has a problem with non-contributors. What gives you right to pass such judgement on others by labeling them as freeloaders or on previous occasions, bludgers?

by Flying high | 12th Aug 23, 12:40pm 1691800840

what is your true agenda here? To create division and therefore drive opposing individuals out of this forum?

Wow

by Yvil | 12th Aug 23, 12:49pm 1691801341

Just as commenters have the right not to contribute, I have the right to point out that the staff at Interest are worthy of a 33 ct/day contribution !

by Retired-Poppy | 12th Aug 23, 1:18pm 1691803089

Yes, and you've certainly made your point on "multiple" occasions. DUDE - WE CAN HEAR YOU!

scratch....scratch...scratch-scratch-scratch.

by Flying high | 12th Aug 23, 6:42pm 1691822569

"Priceless"

... and worth paying for!

✅

by agnostium | 12th Aug 23, 1:11pm 1691802717

Hi Yvil,

Why don't you pay for all the commentators that haven't paid. You value the site and you're loaded sucking at the public taxpayers teat housing undesirables. Be a good Kiwi.

by Zwifter | 12th Aug 23, 11:53am 1691797992

Maybe you guys need to start paying for my financial advice ? After all who gives away good advice for free ? How many really come here for the advice but really stay for the entertainment ?

by Colin Cameron | 12th Aug 23, 12:14pm 1691799244

Zwifter I come here to read what the majority are complaining about to then go out and do the exact opposite cause then I know I am on the right track. As most on here if they spent as much time trying to create something for themselves rather than wasting as much time on here or there social media will not be complaining

by Zwifter | 12th Aug 23, 3:06pm 1691809589

Well Colin, if I had listened to the DGM's on here 20 years ago I would be up shit creek without a paddle by now. Same old rubbish, houses are too expensive blah blah blah wait another year...

by Flying high | 12th Aug 23, 6:48am 1691779719

Unfortunately the volume of properties going to auction is so thin it's difficult to draw conclusions about market direction from the recent results.

That's pretty weird that interest.co monitors and reports

by Hawkes Bay | 12th Aug 23, 6:58am 1691780293

Thumbs up for those who have a pretty good idea where the direction is going.

by Sluggy | 12th Aug 23, 7:24am 1691781882

Direction of the market ideas tend to be related to personal exposure

by Retired-Poppy | 12th Aug 23, 7:59am 1691783981

Yet more evidence that emotionally driven FOMO is confined to the minds of the naive. Low ball offers from early 2024, there is no hurry and patience is key. Term deposit rates are very attractive and a great opportunity to grow that deposit on a still deflating asset.

Class of 2020/21 Leverage School will have noticed the ground has now shifted beneath them. Homes are for living in and not speculating on.

by Flying high | 12th Aug 23, 8:12am 1691784723

Since 2020 its been nothing but excess fear. Housing, covid and health/safety. Caution is right and proper, along with individual responsibility.

by Blackdog | 12th Aug 23, 9:33am 1691789583

and climate change fear

by Flying high | 12th Aug 23, 8:58am 1691787502

Homes are for living in and not speculating on.

This thread is about house auctions and not pushing political agendas Poppy.

In answer to your point and as I'm a tenant, I wouldn't trust a govt to provide rentals, we might have to coin the term "rental FOMO".

So back on the topic, if someone finds getting a rental too difficult, the logical step is attend a house auction and buy a house of their own

by Retired-Poppy | 12th Aug 23, 8:43am 1691786615

This thread header is about the auctioning of homes, not rental agreements.

by Hawkes Bay | 12th Aug 23, 6:58am - "Thumbs up for those who have a pretty good idea where the direction is going...

Sums it up really - don't you think?

by nguturoa | 12th Aug 23, 7:37am 1691782622

Good too see the buyers are getting sensible and not paying the big bucks. Yes the values will keep falling with every passing month.

The agents are now talking to cashed up buyers and doing deals without even listing the property. But yes the price paid in these deals is a lot lower than the CV or the asking price.

Long way to fall for prices to be affordable. Wait and watch.

God save NZ

by Nifty1 | 12th Aug 23, 8:57am 1691787450

People are buying now which suggests it's getting more affordable... not bad given the banks are testing at 9% +/-...

by Chaosinflesh | 12th Aug 23, 10:45am 1691793947

And this will continue - as prices drop, we'll see sales drop down through the income/deposit levels, likely increasingly in FHB favour:

Prices drop: that deposit you've been building for the last 4-5 years blows past the usable threshold - you enter, buy, then leave the market.

Interest rates rise: increased payment requirements - not a problem as those currently most ready with a deposit are higher earners.

As the pool of these higher earning, deposit ready purchasers shrink, the demand pool shifts lower to those with slightly less deposit and lower earning capacity. Prices shift lower again, allowing the cycle to repeat.

With the vast majority of speculators side-lined due to falling equity (and that number increasing as prices continue to fall), the only thing currently holding the market up is the FHBs - and balance will be reached when there are enough deposit-ready, sufficiently-incomed FHBs for demand/supply to balance out. But with prices falling, I expect to see both supply and demand increase - why? Because most of those speculators are holding FHB-ready properties they outbid said FHBs on over the last decade, that they can no longer afford at normal interest rates.

History tells us the bottom is usually reached sub-3x HPI. We're still sitting above 6x, so there's a wee way to go yet, barring potential market interference by policy makers and how successful that interference is. Note also that price-to-build has no effect on this - new builds are a luxury item and I expect to see material prices drop to eventually match the reduced demand.

There will be buyers all the way down.

by Eschaton | 12th Aug 23, 7:40am 1691782805

Sustained moderation.

by Nellbell | 12th Aug 23, 7:55am 1691783716

Hey just noticed the green tick, how do I get one?

by Nellbell | 12th Aug 23, 7:56am 1691783811

Haha, must be a supporter tick, thanks Interest will help when skim reading comments.

by Zachary Smith | 12th Aug 23, 8:03am 1691784181

You need to be able to sign in with a PressPatron account.

The account costs$10 a month minimum and it supports this website. People should support things they get value from. I occasionally donate to Wikipedia and the odd YouTuber as well.

Good to see NellBell!

by Ahuhyeah | 12th Aug 23, 8:08am 1691784488

Test

by danicriss | 12th Aug 23, 9:07am 1691788073

Yeah on one hand I'd have thought that whether you choose to donate or not is your private business

On the other, if you decide to make 5 duplicate accounts just to post here it may not be worth paying $10 for each, so this might prove a good measure to weed out trolls

And if you really choose to pay for each, even better - these guys deserve it, it's a good financial news source

by Yvil | 12th Aug 23, 9:18am 1691788686

And most importantly, it helps Interest to survive and pays for the excellent staff.

by Retired-Poppy | 12th Aug 23, 9:38am 1691789926

by danicriss | 12th Aug 23, 9:07am - "whether you choose to donate or not is your private business" Exactly!

Yvil, we live in a democracy.

by Hawkes Bay | 12th Aug 23, 10:43am 1691793829

Sadly there are R.E companies on here that would be happy to pay for Multiple accounts with the Green Tick to manipulate the narrative.

It would be very cheap advertising compared to what they pay elsewhere.

by Zachary Smith | 12th Aug 23, 8:25am 1691785543

Starting to see a few do-ups selling at reasonable prices. A rundown brick and tile unit in a halfway decent suburb may be worth considering if you are a first home buyer. Look for something that is cheap, is well below CV and can be made a lot nicer with just a tidy up, paint, anything you can do yourself.

by agnostium | 12th Aug 23, 1:13pm 1691802826

Spruik alert.

by Zachary Smith | 12th Aug 23, 2:20pm 1691806853

...and one of the few on topic comments posted today!

by agnostium | 12th Aug 23, 5:12pm 1691817171

Not starting to see any do-ups selling at reasonable prices. A rundown brick and tile unit in a halfway decent suburb is probably not worth considering if you are a first home buyer unless it is at least 20% below current valuation. Maybe if you can find something that is cheap, is well below current valuation and can be made a lot nicer with just a tidy up, paint, anything you can do yourself but otherwise stay well away.

DGM anecdata and advice for balance.

by Zachary Smith | 12th Aug 23, 6:22pm 1691821352

One unit in Birkenhead, Auckland, sold this week for 542k. Had a CV of 790k and a QV estimate of 720k. Possibly a bit too much of a do up for the FHB however these properties are likely to be sought after for the right price. It's usually the case during this part of the cycle.

by Nifty1 | 12th Aug 23, 8:33am 1691786015

I feel abit sorry for the DGM's here, they're going to be wrong again... another year wasted sitting on their hands rolling over term deposits going no where.

by Retired-Poppy | 12th Aug 23, 8:59am 1691787590

Didn't you post the very same comment in 2021?

by Nifty1 | 12th Aug 23, 9:16am 1691788584

Haven't you been saying the same thing since 1949...

by Retired-Poppy | 12th Aug 23, 9:27am 1691789229

Nah, that'd be my Dad - LOL! Good come back though :)

by Hawkes Bay | 12th Aug 23, 9:01am 1691787695

The Scroll from The Prophet has Proven 100% Correct.

Those that Listened have saved Hundreds of Thousands of Dollars in Lost Equity.

Term Deposits have Clearly gone Up. Property Prices Have Clearly gone Down.

Looking Forward to see if TTP has the Green Tick. Multiple Accounts cost Multiple Amounts.

The Popcorn just gets Tastier and Tastier.

by Flying high | 12th Aug 23, 9:11am 1691788308

I dont have any ticks (said as head twitches involuntarily)

HB ... Off topic comment

by Retired-Poppy | 12th Aug 23, 9:15am 1691788544

Are you absolutely sure you don't have "ticks"?🐕‍🦺

by NZGecko | 12th Aug 23, 12:24pm 1691799878

The vampiresquid REA industry are praying like hell, that their non-stop transparent attempts to reignite FOMO and promise to all in sundry "this time, no this time, promise, surely, really must be, is the bottom":......takes actual hold.

Tony Alexander has Guaranteed FOMO is back already........more likely to fall as flat out wrong and stupid, as everything else he said since 2021.....as he said that interest rates have peaked as the OCR hit 4.5% last year and many , many times since.

REA Vsquids and fellow travelers' credibility is a big fat 0

The housing market confidence is in shipwrecked and in tatters and likely to deflate another -15 to -30% before any smelly REA bottom is plumbed.

by Zwifter | 12th Aug 23, 3:09pm 1691809754

Yawn, let me guess, wait another year ?

by NZGecko | 13th Aug 23, 7:15am 1691867725

Struck an open sore.....seeing your paper gains turn to fugazi vapour??

No, not wait a year, we are in a multiyear sticky pricing retreat in this new and increasing interest rate environment. Your old pals TA and AC are now soaked from pissssting useless spruiking commentating into the wind, to absolutely no avail.

- So 2026 to 2028 looks like a time for the smelly REA bottom to be plumbed........once the next -30% values are finally shed.

Market confidence has disappeared and sunk without trace.

by Zwifter | 12th Aug 23, 5:55pm 1691819701

Yawn, sorry wait another 5 years. FYI I'm saving $30K a year in rent.

by Flying high | 12th Aug 23, 9:09am 1691788167

Three areas: Wellington city, Canterbury region and Otago region, housing stocks are dwindling.

by zorba | 12th Aug 23, 10:51am 1691794313

test

by O.Farr-Kinnell | 12th Aug 23, 12:26pm 1691800012

And in response to the green tick saga, some property investors have developed their own nervous tic.

by tomjones_04 | 12th Aug 23, 12:41pm 1691800870

The green tick is giving me a superiority complex. I can look down on people now... finally I know what it feels like to be a landlord.

by Retired-Poppy | 12th Aug 23, 12:51pm 1691801476

Ha-ha-ha-ha :)

by Yvil | 12th Aug 23, 12:55pm 1691801716

How about you just feel good about giving something little back to David Chaston, David Hargreaves, Greg Niness, Gareth Vaughn & Rebecca Stevenson for their great work ?

by tomjones_04 | 12th Aug 23, 1:08pm 1691802507

I concur Yvil. Long time supporter here. The writing on here is excellent, and the comments are enlightening, apart from the childish bickering, but it's still great value.

by albinodog | 12th Aug 23, 2:23pm 1691807008

Shutup yvil, this is America. Dont tell me what to do. I love watching ads.

by Hawkes Bay | 12th Aug 23, 6:29pm 1691821773

Oh, is that what you call it Yvil. Because you can be trusted to have no conflict of Interest .

by Nzdan | 23rd Nov 22, 8:58pm

I recall a few years back he turned up to the Interest.co offices and put on a morning tea shout. The aspirations go back a while.

by Yvil | 23rd Nov 22, 10:02pm

That's right, maybe I'll do the same again for X-mas now that Covid is over. It was great meeting the team at Interest, I was impressed they didn't even take a proper break to have their morning shout. I thought they deserve it, don't you ?

by Millennial_Woman | 23rd Nov 22, 11:10pm

Wow is this how the real estate lobby got into bed with our MSM?

by Flying high | 12th Aug 23, 6:46pm 1691822806

Hawke Eye

Good recall

✅

by Flying high | 12th Aug 23, 1:43pm 1691804636

Hahaha that's a good one Tom

My landlord looks down on me, he's 6 ft 5, My nickname was Little Joe, like the cowboy.

by Retired-Poppy | 12th Aug 23, 2:18pm 1691806720

Flying High, do you own several investment properties yet rent the one in which your family live?

by Flying high | 12th Aug 23, 4:03pm 1691813015

Eh?

Since you asked, we have one investment property now in a different city to where I reside. Sold the other bad investments and lost a sh1tload. Spent a year mooching between friends houses. Its all come good now. Must be Karma coming back

by Rob Reid | 12th Aug 23, 3:24pm 1691810692

Oh that is it.

Interest.co.nz - could we please have a filter that hides comments from the Green Tick brigade? Thx.

by Anon_82 | 12th Aug 23, 8:24pm 1691828679

All joking aside - I would happily become a paying contributor if you offered the facility to hide comments from specific users!

I'm a WordPress core contributor and build plugins for a living, I will genuinely develop this for you free of charge, it'll be pretty simple to build...

by Rob Reid | 12th Aug 23, 3:22pm 1691810525

Look at Gisborne!

100% above RV.

Gisborne is the new Queenstown.

by Flying high | 12th Aug 23, 4:00pm 1691812829

What makes you say "gizzy hard" is the new Queenstown, fhb could easily go wrong unless you know the area. Volatile demand

by Hawkes Bay | 12th Aug 23, 6:33pm 1691822010

Gisborne does not even make it onto the Billboard most of the time. One trick pony town, and the logging has just blown out.

Good surf though.

by Zwifter | 12th Aug 23, 8:15pm 1691828131

Gisborne has been named 'Chlamydia Capital' of New Zealand, must be more going on than just surfing bro.

by John2 | 13th Aug 23, 11:30am 1691883053

What has it over taken TRON:)