On 22nd February 2011 a 6.3 magnitude earthquake in Canterbury killed 185 people, injured thousands and caused unbelievable property damaged. This event, considered an aftershock of the quake six months earlier, not only changed lives forever, it changed the face of house insurance in New Zealand. Since then, home owners have no longer been able […]

Affected by the holiday period, the volumes of sales in Napier slumped to 66 in January 2015. Taking into account seasonal factors the average monthly sales during the past year has been 76 – 15% below the previous year’s average of 94, and 19% below the 10 year average. Sluggish turnover appears to be the […]

Last month Napier property owners received a revised Rating Value for their property. The Rating Value is an assessment of the freehold value of a property. It is one of the factors used by a council for calculating the rates that individual ratepayers will pay. In Napier rating valuations are reassessed every three years from […]

When contemplating selling, most of us have a figure in mind we feel our home is worth. People overvalue possessions because of an emotional attachment. This tendency was studied by Harvard Professor De Max Bazerman and he called it “the endowment effect”. The family home is a one asset that a lot of people struggle […]