Monthly Musings.

Thoughts on the Real Estate market and beyond.

The Myths of the Media

May 01 2021

Joseph Goebbels said that if you repeat a lie often enough it becomes the truth.

And for some time now, and magnified by Covid, we have seen that happen in our media with regard to the concept of working from home – or “WFH” as the media likes to call it. Possibly because there is an aversion to words with more than 5 letters, or more likely…

The Productivity Problem

May 01 2021

The Productivity Council recently issued a report saying, in brief, that the productivity of leading companies in New Zealand is on average less than half that found in the top companies in other small advanced economies.

And we can quite believe them!  And that conclusion is not simply based on the amount of wasted time spent decorating…

May 2021 Comment in Brief

May 01 2021

Taupo Marketplace: Over the past year Expedio has been accumulating a small portfolio of properties in Taupo. It’s a very different industrial proposition from Auckland, with tenants taking longer to secure, but yields are substantially higher. We will be shortly be releasing some of these investment opportunities at yields between…

Wherefore art thou Marketplace?

Apr 01 2021

In Shakespeare’s Romeo and Juliet, Juliet asks “Wherefore art thou Romeo?“, and later in the same speech laments “Sober or drunk, still fooles, that shall know nothing”.

There are times when we feel almost as confused in our predictions of the future direction of the industrial property market. Trying to determine where the market is heading…

Avocado and Lemon Juice

Apr 01 2021

To bring out the real flavour in avocado, you need to add a little lemon juice. And I am told that it’s not a real hot chocolate without marshmallows. A supermarket stocks basic essential items as well as luxury products. It’s part of the service to stock bread and milk as well as those lines where there is a more substantial margin. A bike shop…

New tax rules to impact sale negotiations?

Apr 01 2021

Legislation currently before Parliament, and likely to be passed later in the year has the potential to add another layer of complexity to price negotiations for commercial property sales. Under the proposed legislation the price allocation (of improvements compared to the overall property value) will impact both buyers and sellers. Under current…

It ain't over until the fat lady sings (colloquialism)

Apr 01 2021

The colloquialism says that the show isn’t over until the Fat Lady has sung. But is the show really over? Industrial Real Estate is a show that is ongoing. Properties go under contract, with due diligence, and agents are only paid their commission if the deal goes unconditional. Which makes it surprising when an agent goes missing in (in)action during…

Adaptation of the species

Mar 01 2021

On a recent Saturday morning I ventured out to run a trail. It had been some time since I had run this particular trail. But as I ran into the bush, the environment  reminded me as to why I should run it more often. The whole trail is incredibly scenic. It  follows a river – upstream, and then back downstream – through a variety of native bush, including…

Street Smarts v. University Learning

Mar 01 2021

The team at Expedio have a variety of learning experiences that they bring to our sector of the property industry. Not all learning comes from the formal setting of an institution. Often learning comes from life experiences, and collectively the team has plenty of those.

Amongst those experiences:

One of the team had a career breaking…

Marketplace 2021

Feb 01 2021

Already we are a month into the new year, and there are patterns emerging. Whether they continue is anyone’s guess, but here are our observations from our time back in the office this year.

Interest rates are continuing to be a dominating factor. As fixed term deposits roll over and investors find banks offering sub 1% rates, they are turning…

An Agents Role

Feb 01 2021

The cynical would possibly contend that the role of an agent is to interpose themselves  between buyer and seller in order that they can take a commission.

Of course we would not say that.

But we do often ponder what the role of the agent should be. We are well aware that over time that role has changed. But the agent must add value…

Time for Time Out

Jan 11 2021

We thought about the government’s promised upcoming inquiry into supermarket pricing. Which of course lead us  to conclude that it will be about as useful as their inquiry into the fuel industry. Simply expensive posturing. But we all know that there is a real problem with supermarkets.. Back in the not too distant past when we could travel to Europe,…