News and Thoughts
Thoughts on the Real Estate market and beyond.
Wins in Triplicate
02 October 2020Last month we described how a typical Expedio refurbishment is undertaken. If a building has good bones we can complete refurbishment to a high standard. This work adds value for us as the vendor/ landlord, but also for the end… Read More
Market View October 2020
02 October 2020For all the prognosis of doom and gloom in the market a few short months ago, the reality is that life goes on. Somewhat differently if you are running an international airline, a cruise operation, or even a café in a tourist hotspot. But for most in the greater Auckland… Read More
Another successful Expedio Refurb
03 September 2020Industrial property renewal and renovation is Expedio’s bread and butter. Our philosophy is to always leave a building in a better state that we found it. More often than not, we leave a building not just renovated, but transformed into premises that will serve the market for another… Read More
Risk comes from not knowing what you are doing
03 September 2020That’s a quote from Warren Buffett – The Oracle of Omaha. He is famous for having very simple rules for how he amassed his fortune. Many of those rules follow the same principle : Always have great information.We believe that rule applies equally to property investment as… Read More
Diversity vs Talent
03 September 2020We are learning the advantages of biodiversity in nature and agriculture, and of course the potential dangers of monoculture. Similarly in many organisations people are learning the benefits that diversity can bring. Differing viewpoints, experiences and talents all contribute… Read More
To Plan, or not to Plan – what is our strategy?
02 August 2020Recently the Greens announced a Robin Hood election policy that is interesting in more ways than one. Taking from the hard-working to channel it to those who have made different choices in life is obviously a blatant attempt to shore up their fading electoral base. But behind the… Read More
Is Proptech the Real Estate gamechanger?
02 August 2020According to Wikipedia, Proptech, or Property Technology is the application of information technology and platform economics to real estate markets. More generally the term is applied widely to startups who have intentions of disrupting the way business is done in the Real Estate… Read More
Market Perspective July 2020
02 July 2020How has the market reacted post Covid lockdown? And where to from here? There is no doubt that office and retail markets have been badly hit by the economic fallout from Covid 19. But, despite predictions to the contrary, industrial property has barely been impacted. To… Read More
The redundancy of DD Clauses
02 July 2020A potential buyer is interested in purchasing a property. The property is being auctioned. The expectation is that the potential buyer will do copius amounts of due diligence prior to the auction, as well as arranging finance, so that they are totally prepared to make an unconditional… Read More
How did Commercial Landlords come to be whipping boys?
02 June 2020And is it our own fault? The recent “health” crisis (which has now become a true economic crisis) changed the behaviour of many overnight. The fear of a pandemic turned the majority of the population into a compliant horde who hung off every word of the daily one o’clock… Read More
The Big Reset?
02 May 2020For many there comes a time, or an event, in their lives that makes them stop, look around, take stock, and then perhaps make major changes. Could this period in our lives be that event that enables us to see with a little more clarity our actions, our lives and the way… Read More
Is there a looming rent affordability crisis?
02 April 2020It has been a question that has been relevant for several months recently, but with current events becomes somewhat more urgent. Over the last 3 or so years, many rents have increased by up to 50%. That impacts in a positive way on a landlord, and more so if the… Read More
What happens next?
02 April 2020Trying to look past the present is difficult at the best of times. And in the current unprecedented environment no one really knows. But let’s give it a try! At Expedio we will be using the lockdown period to plan as best we can for what the “new normal” is likely to be,… Read More
Know your customer
02 March 2020Here at Expedio we talk a lot about qualifying the customer; and the times we see a lack of it. Qualifying your customer is simply finding out who they are, and what their needs and wants are. What is the problem that they need to solve? The first touchpoint an agent will… Read More
Ethics, Corruption and Incompetence
02 March 2020Ethics, corruption and incompetence. Quite separate issues you may think. But is there a possible link? Whilst New Zealand may sit near the top of regular lists of corruption free countries – we know that we experience forms of behavior which are unacceptable, and could… Read More
Crystal Ball Gazing
02 February 2020I am always intrigued by the amount and type of training and education that goes into preparation for various occupations. We know that different occupations require different skills and training. I have always thought that part of the training to become a hairdresser… Read More
To release: Now or Later?
14 January 2020It is an interesting discussion that takes place in the Expedio office every time we have a property that will ultimately be available for lease or sale. The question is: Do we release details to the market now (when the property is likely in original state) or later (when the… Read More
Should business operators be licensed?
14 January 2020There are many jurisdictions around the world that require a license to operate a business. In New Zealand, to be a plumber, or a pharmacist, or an electrician, you need a licence. Yet, to operate most types of business, a license is not mandatory. A recent article… Read More