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Triangle TV Interview With Real Estate Institute Rookie Of The Year Robyn Ellson

Published By   /   November 20, 2012  /   Comments Off

Triangle TV Interview With Real Estate Institute Rookie Of The Year Custom Residential’s Robyn Ellson

Triangle TV IV: This month, the Real Estate Institute says housing prices are back at a record high… Is that good news or bad news ?

It probably depends on whether you’re buying or selling.

But the big international credit rating agency – Standard & Poors – thinks it could be bad news.

Last week, Standard & Poors cautioned our banks about their high level of exposure to the property market, saying they run the risk of a sharp fall – or what some politely call a “correction” – in housing prices.

The new Reserve Bank Governor Graeme Wheeler has been preaching a similar message. He thinks our house prices are “over-valued” on some measures. And Finance Minister Bill English has been even blunter: He says the housing market “isn’t working”.

But none of this seems to be registering with the sellers and buyers. Price are up. So are sales … And the time it takes to move a property is the only thing that seems to be going down.

To get a street-level view of the situation, Selwyn Manning’s been talking to the Real Estate Institute’s Residential Rookie of the Year – Custom Residential’s Robyn Ellson (See: RobynEllson.co.nz).

The Questions:

Question 1: You recently received the Real Estate Institute of New Zealand award for Rookie of the Year for 2012. How did you achieve that?

You represent the heart of a booming Auckland real estate market, Mt Albert, Kingsland, Eden Terrace, Ponsonby, Freemans Bay.

Question 2: What is making this housing market so hot, what is pushing prices up to record levels?

* Better quality homes on the market?

* Far more people lining up to buy than there are homes on offer?

* Better marketing of homes?

Market Stability

Question 3: Some people say this Auckland real estate boom is akin to a bubble and that it could very well burst. What is your take on that?

Question 4: For people purchasing homes at this time, have they left it too late, will the market flatten out from here?

Marketing To The Buyer Seller

On your website you state: Before every sale I think very carefully about who is going to buy this particular property.

Question 5: What are the kind of people looking at purchasing homes in Auckland at the moment?

* Families from Auckland?
* Families from out of Auckland?
* People from overseas?

I understand many homes are selling for hundreds of thousands of dollars above their Government Capital Value.

Question 6: What are some recent examples of homes and what they sold for?

Question 7: Are people more prepared these days to have huge mortgages of record amounts?

Question 8: Are you still seeing investors purchasing homes and if so what kind of homes are they after?

Question 9: Are people cashing in on the record values of their homes and moving out of Auckland?

The Beatson Interview broadcasts weekly on Triangle TV and webcasts on LiveNews.co.nz.

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