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The value in being prepared
You would need to be living under a rock in New Zealand if you did not realise the property market is running hot.  Against all the predictions and crystal ball gazing buying, selling and developing property went into overdrive as soon as we got out of lockdown last year.  Initially, we thought we would have approximately three months of residual...
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The increasing value of ‘SOMO’
The post lockdown activity levels and value growth throughout 2020 was a surprise to all, especially as it was contrary to what most experts and economists predicted. The performance of the residential market during the last quarter of 2020 was simply staggering. Hawke’s Bays’ residential housing values grew 19% during 2020. However, it is not just the precipitous increase in...
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Policy changes come into force
August and September saw several new pieces of legislation come into force. Two of these include: 1. The National Policy Statement on Urban Development 2020 2. The National Policy Statement for Freshwater Management 2020 The National Policy Statement on Urban Development 2020 came into effect on 20 August 2020. It replaced the National Policy Statement on Urban Development Capacity 2016. The...
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The value of volume
The COVID-19 pandemic is a significant event. So ..... where to from here? If I had a dollar for each time I was asked what affect this will have on future property values I could probably retire. Possibly, the more important question should be: What is the impact going to be on volume? Answering this question will probably give a...
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The cost of compliance
It is hard to believe that The Profit is celebrating its 10th birthday and that Williams’ Harvey, has been writing a column for a decade now. I went back over all the articles written and it appears that in a nutshell compliance has been the single biggest change in our sector. Whether in response to economic upheavals such as the...
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The Value of Building your own Castle
Anecdotally, despite rising construction and land costs, the existing high house prices have made building a house more attractive relative to buying an existing one. This is not surprising given the amount of subdivisions that have become available such as Frimley, Northwood in Hastings, Arataki in Havelock North and Parklands, Guppy Road and Te Awa in Napier being the bigger...
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Revitalising the value of Hastings CBD
Williams’ Harvey undertakes a retail shop occupancy survey of the Central Business District (CBD) of Hastings City. The survey is based on retail shop numbers and considers main street retail, side street retail and overall retail vacancies. Our last survey was completed in October 2018 and recorded 10.20% of the retail space within Hastings to be vacant which equates to...
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What will Property Values do in 2019?
2018 was another interesting year in the New Zealand property market. With stable and relatively high volumes Hawke’s Bay values generally showing consistent growth similar to the rest of the country except for Auckland and Christchurch. Without doubt in 2018 our local property market was being impacted by the more macro of government policy and this will continue in 2019....
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The value of building your own home
Hawke’s Bay is growing. We can see that by the numerous new infrastructural construction that is going on around us. So, it’s no surprise our region is growing residentially as we need to house a growing population. It is generally accepted that new housing stock is now a vital part of keeping up with a growing New Zealand. So, the...