78 blog posts Filter

An End to our Innocence

March 18, 2019

Uncategorized

In the aftermath of the horrors that unfolded in Christchurch where 50 people were slaughtered because of their religious faith and identity, Prime Minister Jacinda Ardern made it clear this was a terrorist attack of “extraordinary and unprecedented violence” that had no place in New Zealand. She said these extremist views were not welcome and […]

The Trust Formula

March 11, 2019

Selling

Trust is what makes society work. When we drive, we trust that other drivers will respect the rules of the road, staying on the left side of the road, and travelling at a safe speed. So many other parts of our life depend on trust to work. Personal and professional services also work on trust. […]

The Price of Success

March 4, 2019

Selling

One of the most important tasks for sellers is to determine a realistic value for their home. Many elements combine to create unrealistic expectations – sometimes it’s uninformed opinions; the need to recover the cost for improvements made; or the need to fund future plans. To help understand some of the key principles of correct […]

Should You Rent or Buy?

February 27, 2019

Buying

When considering whether to rent or buy a property the most important consideration is AFFORDABILITY. In spite of recent price rises in our area, home affordability in Hawke’s Bay is amongst the best in the country. This is helped by the low cost of borrowing at present. The latest data (from interest.co.nz) shows that rent […]

Capital Gains Tax

February 27, 2019

Buying General Selling

The Tax Working Group has recommended the Government implement a Capital Gains Tax and use the money earned to lower the personal tax rate and to target polluters. The proposed Capital Gains Tax would affect assets such as land, shares, investment properties, business assets and intellectual property. Gains from the sale of these assets would […]

AML Identity Checks Now Required

February 10, 2019

Buying Market

With the next phase of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Amendment Act 2017 the New Zealand Government has broadened the requirement to verify clients to include the real estate industry. These measures are designed to prevent property transactions as a means for laundering money. Most people are familiar with the identification […]

Another Solid Year

January 17, 2019

Market

Welcome to 2019. Our crystal ball prediction is for another solid year ahead, without any major upheavals. As you’d expect there was a slowing of activity during the holiday weeks. However, during the Spring months as more homes came onto the market, the number of sales in Napier recovered significantly with 134 sales during November. […]

The Obstacle to Real Estate Reform

January 14, 2019

Buying Selling

It breaks my heart to see real estate agents continuing to rank amongst the bottom five least trusted professionals (along with politicians, car salesmen and sex workers!). Ten years ago, after decades of mounting pressure from real estate consumers, the Real Estate Authority (REA) was established under the Real Estate Agents Act 2008. Their job […]

Real Estate Industry Ethics

January 7, 2019

Selling

After decades of mounting pressure from real estate consumers, the Real Estate Authority was established under the Real Estate Agents Act 2008. Their job is to improve the standard of service and professionalism of the real estate industry and help protect buyers and sellers of property. Until this reform, meaningful change was resisted by an […]

Geoff Sewell performs for Christmas at the Park

November 19, 2018

General

Geoff Sewell is confirmed as the headline act for Cox Partners Christmas at the Park 2018. We are thrilled to have an international performer of Geoff’s calibre involved in this popular celebration on Saturday, 15th December 2018. Although Sewell is based in London, he has a personal connection with Hawkes Bay having attended High School […]

Hawkes Bay volumes drop while prices continue to rise

November 8, 2018

Market

The number of sales fell by almost 20% in September as the Hawkes Bay market continues to struggle with low listing numbers – there was only a 1% increase in new properties coming to market since August. As a result, the number of unsatisfied buyers remains high. This excess demand has pushed the median price […]

New rules for Real Estate

October 18, 2018

General

Next year real estate agents will be asking seller and buyers to show them their driver’s license and power bill to prove their identity. When this happens please don’t be offended. They are abiding by new rules to combat money-laundering. Up to now it has been up to the likes of banks, lawyers and more […]

Real Estate survey finds room for improvement

October 8, 2018

General

Real estate agents have received mixed reviews in a customer experience survey carried out by property data company CoreLogic. The 2018 Vendor Perceptions of Real Estate Agents Survey asked more than 900 New Zealanders who had sold a home to rate the performance of their agent. While most agents received a “pass” grade, many vendors […]

What makes a sales person great?

October 1, 2018

Selling

During the week I have been reviewing our goals and plans for the remainder of the year. I’m very proud of our people – of who they are, what they achieve and the enthusiastic, positive feedback our clients and customers provide about our people. And I’ve been reflecting on what makes a GREAT sales person. […]

Price or No Price?

September 25, 2018

Selling

Should I list an asking price when selling my property? Several selling solutions are offered by the real estate industry. Some use NO PRICE, while others use an ASKING PRICE. Selling a property with no price may be appropriate in either of two circumstances: when buyers have no alternative choices, for example like artefacts; or when the […]

Should I have a for sale sign on my property?

September 20, 2018

Selling

How important is it to have a signboard on your property when you’re selling? The short answer is: “extremely important!” No sign can mean no sale. The reason is that the buyers who are most likely to pay the highest price for your property will specifically be looking in your location. Having seen a sign in […]

More restrained growth expected in Napier

August 28, 2018

Market

The availability of property for sale is at an all-time low in Hawkes Bay, and in July this has shown up as a 14% drop in the number of sales to 98 in Napier and 105 in Hastings. The imbalance between demand and supply continues to exert upward pressure on prices, as active buyers face […]

Don’t hesitate for the right home

August 22, 2018

Buying

In the current market, where there are favourable financial conditions and limited choice of property for sale, buyers who hesitate excessively are missing out. Whilst we would never suggest you let yourself be pushed into making a hasty buying decision, if you find the right home, don’t hesitate to buy. The right time to buy […]

Tame your Mortgage!

August 14, 2018

General

Financial stress is horrific. It tears families apart. The most important financial question to ask yourself, BEFORE you buy a home, is: “What’s the worst that can happen?”. Interest rates are low now, what if they rise? What happens if you buy based on two incomes and you lose one income? Think of the future, […]

The property cycle turns slowly

August 6, 2018

Market

It is generally accepted that the real estate market moves through an irregular but recurrent pattern. The Property Cycle shows four distinct phases: boom, slow down, slump and recovery. Each phase is characterised by indicators which measure “key drivers” that collectively propel the market through the various phases of the Property Cycle. These drivers tend […]