Ward Real Estate

04/07/2013

Newsletter July 2013

There has been some debate recently regarding the use of Rating Valuations in determining market value. Rating valuations’ prime purpose is to form a basis upon which to calculate rates, not market value. In respect of commercial property, a key fact to remember is that each valuation assumes that...

03/06/2013

Newsletter June 2013

As it is just over two years since we started sending out these newsletters, I thought it would be a good idea to summarise some of the main areas where we often come across misunderstandings in the day to day operation in the life of a commercial real estate agent.

03/06/2013

Newsletter May 2013

If one studies the history of mortgage interest rates in New Zealand (and I have gone back to 1856 where they were 2.26% and remained around that level for most of the 19th century), it shows that property booms occur irrespective of the level of interest one is required to pay on a first mortgage.

10/04/2013

Newsletter April 2013

In this issue I share my view on how the housing market should be measured because the way it is measured at the moment is quite flawed.

07/03/2013

Newsletter March 2013

Businesses have a supply of customers as does a leased commercial or residential property. A business can have contracts for the supply of services as does an investment property. The contracts for investment properties are usually leases. These range from monthly to many years, and a business may...

05/02/2013

Our first Newsletter in 2013.

In November 2012 the latest version of the ADLS Deed of Lease was published. It has some very good additions to it, namely providing for the hitherto un-anticipated situation that arose out of the Christchurch earthquake when tenants couldn’t access their premises due to them being in the Red Zone d...

06/12/2012

Last Newsletter for this year :)

Have a great Christmas and New Year.

Thank you all for the feedback this year. It’s great to know that so many are enjoying reading it. We understand that about 1100 people read it each month which is about 1/3rd of all recipients which apparently is a high percentage for e-letters. I want to use this last edition for the year to sum...

01/11/2012

Newsletter November 2012

In November 1970, the Wellington City Council had taken up powers given under the Municipal Corporations Act which allowed Councils to require demolition or strengthening of buildings that would be dangerous in moderate earthquakes.

11/10/2012

"WHY RENT WHEN YOU CAN BUY?"

04/10/2012

Newsletter October 2012

Very little is written about investment in car-parking.I thought this following example might of interest to readers.40 years ago in 1972 a carpark in the then brand new central Wellington building known as Europa House (109 Featherston St) leased at about $4 per week ( no gst of course). Office...

06/08/2012

Newsletter August 2012

For decades perhaps even longer, it was standard practice for all major commercial buildings to have sinking funds. Today it is quite rare although under Section 117 of the Unit Titles Act, all Bodies Corporate are required to establish what is termed in that Act as a “Long- Term Maintenance Fund.” ...

09/07/2012

Newsletter July 2012

I was asked recently what an Option Agreement is. An Option Agreement is a contract between a purchaser and vendor or a tenant and a landlord. It gives the right to the purchaser or tenant to hold the property for a defined length of time upon which at the expiration of that time, the purchaser o...