Monthly Musings.

Thoughts on the Real Estate market and beyond.

Is there a place for professionalism?

Mar 22 2018

I recently flew into Queenstown with my mountain bike for a seven day trip into Southland and around Central Otago. Part of the planning of the logistics for a trip such as this involves finding accommodation that will store a bike box (used for transporting the bike) for the duration of the trip.


Yard or Carpark - What's the difference?

Mar 22 2018

With city and city fringe areas, car parks have historically been charged for. And recently this pattern has been extended further into industrial areas where tenants have had an expectation that car parks would be included as part of a lease deal.

Now, in addition to this, we are experiencing…

Asbestos Legislation

Mar 22 2018

There has been a level of scaremongering regarding the asbestos legislation (The Health and Safety at Work (Asbestos) Regulations 2016) which is set to come into force April 4. As usual, most of the scaremongering comes from parties who either want to take your money – or spend other people’s money.…

If enough people say it, it must be true

Mar 01 2018

For years we have been hearing the phrase “time poor” and the refrain about how busy we are, and how stressed for time we are. And everyone buys into it. But the reality is that there are the same number of hours in a day that there have always been. And there are the same number of days in a year…

Market comment March 2018

Mar 01 2018

Each year we conduct a very informal survey as to the extent to which agents’ marketing materials are “romancing’ the truth. We have a theory that there is an inverse relationship between the overall state of the economy, and the extent to which agents “guild the lily” or obfuscate the truth. The…

Working environment – does it matter?

Jan 27 2018

I subscribe to a number of different news feeds. And it seems that almost every week, at least one of them will have an article on what it is like to work at Facebook/Google/Apple or some other trendy tech company. It’s difficult to grasp how workers at the aforementioned ever get any productive work…

License to do business

Jan 11 2018

Every year we see in the media a number of lists variously titled “best countries for doing business” or “ease of doing business”. And New Zealand always places right up near the head of the list. Which is positive acclamation of the minimal hurdles to doing business in New Zealand.

But there…

Can they afford it?

Dec 01 2017

The last 18 months have been particularly good for industrial landlords in Auckland.  Rents have increased significantly. Vacancy rates are lower than we have seen for many years. Landlords can pick and choose from tenants.

It’s reflective of the cycle which over the last 30 years has seen…

Market Comment: Election 2017 Fallout

Dec 01 2017

There was an expectation that we would see changes in the marketplace irrespective of the result of the election. Tightening of funding availability and anticipation of increases in interest rates were always going to impact. With a cobbled together government now a reality, and the various parties…

Further observations from Expo Real

Oct 16 2017

There was a lot to learn from international property professionals. Some of the lessons about the European market that we took away with us were:
Yields are being driven by occupation rates, rather than cheap money.

We think the trend is similar here, and it’s not just yields…

The next three years

Oct 16 2017

There is an old adage that says that a Labour government is great for business. But bad for the country.
So we will take what is good for business. And a few years on will have to suck up any damage to the country.
Aside from the obvious commentary on the process (that 7.5% of the…