‘Accidental landlords’ push prices up
Landlords shifting from earthquake-damaged homes into their own rentals and “accidental landlords” selling up is worsening the Christchurch rental crisis.
The city already faces a severe shortage of rental houses and fast-rising rents as people shift out of red zones and damaged homes.
The head of the Real Estate Institute’s Canterbury-Westland branch, Tony McPherson, said the rental pool was shrinking fast and most sales now were to homeowners.
The trend was happening just as rentals were in high demand from tenants.
“A lot of those selling now are the accidental landlords – those that couldn’t sell their homes at the end of the boom when prices dropped.
“They chose to rent rather than sell after 2008, but they’re selling now that prices are going up.”
McPherson said landlords were deciding not to rebuild because of insurance hassles.
He said other factors driving down rental stock in the city were the…
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Harcourts External Research Results – March 2012
Below is an excerpt from Harcourts’ March 2012 External Survey Results for Australia and New Zealand.
Australia:
- Respondents appear to be more optimistic coming into the new year regarding property prices over the next 12 months. The number of respondents that think prices will stay the same has increased by 16%, from 31% in November 2011 to 47% in March 2012.
Q36. Do you think property prices will increase, decrease or stay the same over the next 12 months?
New Zealand:
- We asked our Landlord/Tenant respondents if they would use Harcourts to sell or purchase their next home – An impressive 90% said they would use Harcourts to assist them with their next sale/purchase.
Q17. If you were to sell or purchase a home would you use Harcourts?
Tags: Harcourts Australia, harcourts new zealand, research results
Development and Training a Priority for Harcourts NSW
Earlier this month, real estate group, Harcourts New South Wales held its first ever Business Owners Retreat at Peppers Resort, Craigieburn.
The two-day event is designed specifically for Harcourts Business Owners and assists them to learn, share and build the leadership and management skills needed to run a more effective and efficient business.
Throughout the event, the 27 Business Owners heard from several exciting speakers. Tanja Neven-Jones of Harcourts Frankston in Victoria addressed how to grow your market share and recruitment in a changing market, while Dane Atherton of Harcourts Coastal, Queensland spoke discussed strategies on how to grow a business in a changing market.
Stuart Waugh of Bell Partners shared his tips on how to structure a successful business, while Samantha McLean of Price Waterhouse Coopers discussed how to create more meaningful relationships with potential clients.
Leah Calnan of Metro Property Management Victoria who currently has…
Tags: Business Owners Retreat, development, Harcourts New South Wales, Sadhana Smiles, training
Positive Signs within Northlakes Property Market
Despite recent press reports stating that Northlakes’ property market will remain flat throughout 2012, Steve Isakka of Harcourts Northlakes – Mango Hill suggests that the market will see plenty of action this year.
“I believe that the market has moved positively for us as an office and from our point of view, there is a positive outlook within the Northlakes property market.
“Property prices have dropped off in recent months but we’re working with our buyers and sellers in order to manage their expectations and create a sense of urgency within the market,” Mr Isakka said.
Mr Isakka suggests that last year’s interest rate cuts combined with several other positive indicators created a boost within the regions property market.
“The market has experienced a boost which has been advantageous. We’re finding that stock levels have dropped off in recent months, which means that buyers have less…
Tags: Aaron Brooks, Harcourts Northlakes - Mango Hill, Harcourts Queensland, property market, property prices, sales, Steve Isakka
Have We Experienced a False Start?
After a sluggish 12 to 18 months within the Gold Coast’s property market and a small boost brought about by last year’s interest rate cuts, Dane Atherton, Managing Director of Harcourts Coastal, suggests that the boost may have come too soon.
“After the slowdown in the middle of last year, the interest rate reductions boosted buyer activity towards the end of the year. I believe we experienced a false start from the interest rate activity. After that initial boost, the spark that everyone expected hasn’t really happened and I think we’re in for a fairly uneventful year ahead,” Mr Atherton said.
“It’s too early to call whether the property market is on the road to recovery. I believe that it is however it may take more time than we’re used to for the market to change. We are used to market conditions changing incredibly quickly.…
Tags: Aaron Brooks, Dane Atherton, gold coast, Harcourts Coastal, Harcourts Queensland, property market, property prices
Bayside Property Market Rebounds
The property market in Brisbane’s eastern bayside suburbs has improved markedly since the slump of 2011, suggests David Green, Business Owner of real estate office, Harcourts Green Living Wellington Point. 
“Since January this year, it’s felt like the tap has been turned on. The market has started to turn around and as an office we’ve made a good number of sales since the start of the year.
“The market isn’t back to its boisterous self yet but it is buoyant. A lot more people have been attending our open homes and there are a lot more genuine buyers in the market,” Mr Green said.
Through his day-to-day experience within the local property market, Mr Green has identified the types of buyers that are currently in the market and the types of properties that they are looking for.
“A lot of people are moving out of Brisbane’s…
Tags: Aaron Brooks, Bayside, David Green, Harcourts Green Living Wellington Point, Harcourts Queensland, property market, property prices