John Goodrum » Raywhite

2014 Elite Status Achived again for the 11th Consecutive Year

John Goodrum — Tue, 29 Apr 2014 03:57:41 +0000

2014 Elite Status Achieved again for the 11th Consecutive Year

Elite status is the highest achievement award in the company- usually less than 50 out of around 2000 sales people achieve this standard each year

House Talk 152

John Goodrum — Tue, 29 Apr 2014 03:28:03 +0000

Dear Resident,

With the NZ economy preforming even better than the predicted 3.5 – 4.0% growth (some even suggest 6% this year) the reserve bank is clearly worried about future inflation which could cause havoc to the living standards of all New Zealanders.

As a result we have see the second rise of 0.25% in the official cash rate (OCR). While everyone with a mortgage hates rises in the OCR (which means the mortgage lending rates increase), it is essential that inflation is controlled.

I personally can remember mortgage rates of 23%! The price of everything you brought seemed to go up just about every week. It would be a tragedy for New Zealand if anything like this happened again. It took the country many, many years and a lot of pain and unemployment to get out of the mess. Lets just hope the good times continue to roll and the reserve bank governor does not over do it and slow the growth in our economy which means plentiful employment and rising living standards.

What will happen to the house prices in Auckland? I strongly believe they will continue to rise. There is a big shortage of houses which can not be filled quickly and there is the strongest net migration to New Zealand for a decade.

All the OCR actions will achieve I believe is slow the price rises to a more acceptable level (to the reserve bank that is) to prevent rapid inflation. One further prediction this year – the LVR (loan to value ratio) will be relaxed again allowing 90% borrowing and bringing back more first home buyers into the market.

Best wishes,

John Goodrum
Licensee Agent REAA 2008

Te Atatu Peninsula Real Estate News Issue 22

John Goodrum — Tue, 29 Apr 2014 03:24:38 +0000

Hello again,

Last month on the Peninsula there were 17 sales. The median selling price was $695,000 and the average days to sell was 17.

The highest value sale last month was 46 Waimanu Bay Drive at $1,255,000.

ADDRESS	SOLD FOR
2A Matipo Road	$376,000
5 Hughes Terrace	$484,000
17A Ward Crescent	$585,000
9 Gwendoline Ave	$590,000
12 Totara Road	$591,000
22 Kervil Ave	$620,000
76A Wharf Road	$632,000
51B Totara Road	$684,000
36 Montmere Ave	$695,000

ADDRESS	SOLD FOR
10A Montmere Ave	$750,000
6 Beaufield Lane	$764,000
5 Gladfield Lane	$790,000
11 Cellarmans Street	$790,000
44 Hereford Street	$822,000
14 Noall Street	$873,000
12 Kelvin Crescent	$1,006,000
46 Waimanu Bay Drive	$1,255,000

6 Street spotlight

STREET	AVERAGE SELLING PRICE 2004	AVERAGE SELLING PRICE 2013	NUMBER OF SALES SINCE 2004
Tawa Road	$266,416	$569,250	29
Te Atatu Road	$385,434	$652,166	192
Cellermans Street	$640,000	$790,000	8
Gladfield Lane	$304,250	$623,000	9
Hughes Terrace	$298,750	$484,000	12
Imelda Road	$327,500	$548,000	7

Average Rent in Te Atatu Peninsula: 1st October 2013 – 31th March 2014

BEDROOMS	DWELLING TYPE	AVERAGE RENT/WEEK
2	Apartment	$392
1	Flat	$280
5+	House	$669
4	House	$514
3	House	$444
2	House	$369

Did You Know?
That Te Atatu Rugby, Football and Sports Club Inc began in 1962 - it was known as the Te Atatu Rugby Club based at Te Atatu Park. The original colours were maroon and later were changed to maroon and white.

Quote of the month: The road to success is always under construction…Lily Tomlin

I am the Real Estate expert in Te Atatu Peninsula. If you want more information about Real Estate please phone or email me for confidential attention.

Best wishes,

John Goodrum

Office: 09 413 7910
Mobile: 021 945 140
Email: thelegendofthewest@gmail.com