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$54M Wiped From NZ Property: Here's What It Actually Means · Making Cents

• 0:00
  $54
• 0:01
  million
• 0:01
  was
• 0:02
  wiped
• 0:02
  off
• 0:02
  the
• 0:03
  New
• 0:03
  Zealand
• 0:03
  property
• 0:03
  market
• 0:04
  just
• 0:04
  the
• 0:05
  first
• 0:05
  three
• 0:05
  months
• 0:06
  of
• 0:06
  this
• 0:06
  year.
• 0:07
  Sellers
• 0:07
  are
• 0:08
  dropping
• 0:08
  their
• 0:08
  prices.
• 0:08
  But
• 0:09
  here's
• 0:09
  the
• 0:09
  twist.
• 0:10
  Even
• 0:10
  though
• 0:10
  that's
• 0:11
  a
• 0:11
  scary
• 0:11
  big
• 0:12
  number,
• 0:12
  the
• 0:12
  latest
• 0:13
  stat
• 0:13
  might
• 0:14
  actually
• 0:14
  be
• 0:15
  good
• 0:15
  news
• 0:16
  for
• 0:16
  the
• 0:16
  sellers.
• 0:17
  This
• 0:17
  latest
• 0:18
  fresh
• 0:18
  data
• 0:18
  from
• 0:19
  realestate
• 0:19
  Co
• 0:20
  NZ
• 0:20
  gives
• 0:20
  us
• 0:21
  a
• 0:21
  really
• 0:21
  clear
• 0:22
  picture
• 0:22
  of
• 0:23
  what's
• 0:23
  going
• 0:23
  on
• 0:23
  with
• 0:24
  property
• 0:24
  right
• 0:24
  now.
• 0:25
  Not
• 0:25
  the
• 0:25
  vibes,
• 0:26
  not
• 0:26
  the
• 0:26
  headlines,
• 0:27
  but
• 0:27
  the
• 0:27
  actual
• 0:28
  numbers.
• 0:28
  And
• 0:29
  it's
• 0:29
  showing
• 0:30
  the
• 0:30
  start
• 0:30
  of
• 0:31
  a
• 0:31
  shift.
• 0:32
  So
• 0:32
  welcome
• 0:32
  to
• 0:32
  Ask
• 0:33
  the
• 0:33
  Experts
• 0:33
  where
• 0:34
  each
• 0:34
  week
• 0:34
  people
• 0:35
  from
• 0:35
  inside
• 0:35
  the
• 0:35
  money
• 0:36
  world
• 0:36
  help
• 0:36
  us
• 0:37
  make
• 0:37
  sense
• 0:37
  of
• 0:37
  what's
• 0:37
  happening
• 0:38
  right
• 0:38
  now.
• 0:39
  In
• 0:39
  the
• 0:39
  hot
• 0:39
  seat
• 0:40
  today,
• 0:40
  Vanessa
• 0:40
  Williams
• 0:41
  from
• 0:41
  Realestate
• 0:42
  Co
• 0:42
  nz,
• 0:42
  the
• 0:43
  data
• 0:43
  queen
• 0:43
  who
• 0:43
  gets
• 0:44
  it
• 0:44
  into
• 0:44
  plain
• 0:44
  language
• 0:45
  for.
• 0:45
  Us,
• 0:46
  Making
• 0:46
  Sense
• 0:47
  has
• 0:47
  partnered
• 0:47
  with
• 0:47
  realestate
• 0:48
  Co
• 0:49
  NZ
• 0:50
  to
• 0:50
  get
• 0:50
  you
• 0:50
  the
• 0:50
  info
• 0:51
  you
• 0:51
  need
• 0:51
  in
• 0:52
  today's
• 0:52
  market.
• 0:53
  Realestate
• 0:54
  Co
• 0:54
  NZ
• 0:55
  gives
• 0:55
  you
• 0:55
  so
• 0:55
  many
• 0:56
  ways
• 0:56
  to
• 0:56
  search
• 0:57
  for
• 0:57
  and
• 0:57
  so
• 0:58
  much
• 0:58
  information
• 0:59
  to
• 0:59
  help
• 0:59
  you
• 0:59
  make
• 1:00
  decisions.
• 1:01
  Realestate
• 1:02
  Co
• 1:02
  NZ
• 1:03
  Download
• 1:04
  the
• 1:04
  app
• 1:04
  today.
• 1:05
  Missa
• 1:05
  Williams,
• 1:06
  welcome
• 1:06
  in.
• 1:07
  You
• 1:07
  have
• 1:07
  brought
• 1:07
  some
• 1:08
  wonderful
• 1:08
  fresh
• 1:09
  data
• 1:09
  for
• 1:09
  us
• 1:09
  to
• 1:09
  figure
• 1:09
  out
• 1:10
  what's
• 1:10
  going
• 1:10
  on
• 1:10
  in
• 1:10
  the
• 1:10
  property
• 1:11
  world.
• 1:11
  And
• 1:12
  thank
• 1:12
  goodness,
• 1:12
  because
• 1:13
  there's
• 1:13
  a
• 1:13
  lot.
• 1:14
  So,
• 1:14
  Latest
• 1:15
  figures
• 1:15
  from
• 1:15
  realestate.co
• 1:16
  to
• 1:16
  NZAD
• 1:16
  show
• 1:17
  property
• 1:17
  prices
• 1:18
  still
• 1:18
  falling,
• 1:19
  but
• 1:20
  it's
• 1:20
  slowing
• 1:20
  down.
• 1:21
  Right,
• 1:21
  Walk
• 1:21
  me
• 1:21
  through
• 1:22
  them.
• 1:22
  Yeah,
• 1:23
  so
• 1:23
  falling
• 1:24
  is
• 1:24
  an
• 1:24
  interesting
• 1:24
  term
• 1:25
  because
• 1:25
  actually
• 1:26
  we've
• 1:26
  seen
• 1:27
  probably
• 1:28
  relative
• 1:28
  stability
• 1:29
  for
• 1:29
  the
• 1:29
  last
• 1:30
  three
• 1:30
  and
• 1:30
  a
• 1:30
  half
• 1:30
  years,
• 1:31
  but
• 1:31
  actually
• 1:32
  when
• 1:32
  you
• 1:32
  compare
• 1:33
  that
• 1:33
  to
• 1:33
  what's
• 1:33
  been
• 1:33
  happening
• 1:34
  with
• 1:34
  inflation,
• 1:34
  because
• 1:35
  of
• 1:35
  course
• 1:35
  inflation's
• 1:36
  gone
• 1:36
  up,
• 1:37
  but
• 1:37
  so
• 1:37
  have
• 1:38
  wages
• 1:39
  if
• 1:39
  property
• 1:40
  prices
• 1:40
  are
• 1:40
  staying
• 1:40
  the
• 1:41
  same,
• 1:41
  which
• 1:42
  isn't
• 1:42
  a
• 1:42
  bad
• 1:42
  or
• 1:42
  a
• 1:42
  good
• 1:43
  thing
• 1:43
  really,
• 1:43
  or
• 1:43
  depending
• 1:44
  on
• 1:44
  which
• 1:44
  side
• 1:44
  of
• 1:44
  the
• 1:44
  coin
• 1:44
  you're
• 1:45
  on,
• 1:45
  of
• 1:45
  course.
• 1:45
  But
• 1:46
  look,
• 1:46
  the
• 1:46
  reality
• 1:47
  of
• 1:47
  it
• 1:47
  is
• 1:47
  it
• 1:47
  actually
• 1:47
  means
• 1:48
  that
• 1:48
  house
• 1:48
  prices
• 1:49
  are
• 1:49
  cheaper,
• 1:50
  just
• 1:50
  by
• 1:50
  nature
• 1:51
  of
• 1:51
  costs
• 1:51
  going
• 1:52
  up
• 1:52
  and
• 1:52
  wages
• 1:53
  going
• 1:53
  up,
• 1:54
  but
• 1:54
  house
• 1:54
  prices
• 1:55
  remaining
• 1:55
  stable.
• 1:56
  So,
• 1:57
  look,
• 1:57
  I
• 1:57
  know
• 1:57
  that
• 1:58
  we've
• 1:58
  had
• 1:59
  this
• 1:59
  conversation
• 1:59
  before
• 1:59
  and
• 2:00
  I
• 2:00
  still
• 2:00
  continue
• 2:00
  to
• 2:01
  reiterate
• 2:01
  it,
• 2:01
  it's
• 2:02
  actually
• 2:02
  a
• 2:02
  beautiful
• 2:03
  time
• 2:03
  to
• 2:03
  transact,
• 2:04
  in
• 2:04
  my
• 2:04
  humble
• 2:05
  opinion,
• 2:05
  of
• 2:05
  course,
• 2:06
  because
• 2:07
  when
• 2:07
  you
• 2:07
  kind
• 2:07
  of
• 2:07
  know
• 2:08
  what
• 2:08
  that
• 2:08
  baseline
• 2:09
  is,
• 2:09
  where
• 2:09
  you're
• 2:09
  sitting
• 2:10
  and
• 2:10
  what
• 2:10
  you're
• 2:10
  probably
• 2:11
  going
• 2:11
  to
• 2:11
  either
• 2:11
  sell
• 2:11
  your
• 2:12
  property
• 2:12
  for
• 2:12
  or
• 2:12
  buy
• 2:13
  a
• 2:13
  new
• 2:13
  one
• 2:13
  for,
• 2:14
  it
• 2:14
  just
• 2:15
  gives
• 2:15
  everybody
• 2:16
  a
• 2:16
  little
• 2:16
  bit
• 2:16
  more
• 2:16
  comfort.
• 2:18
  I
• 2:18
  think,
• 2:18
  probably
• 2:18
  because
• 2:19
  we've
• 2:19
  been
• 2:19
  in
• 2:19
  that
• 2:20
  environment
• 2:20
  now
• 2:21
  for
• 2:21
  well
• 2:21
  over
• 2:22
  three
• 2:22
  and
• 2:22
  a
• 2:22
  half
• 2:23
  years,
• 2:23
  that
• 2:24
  is
• 2:24
  what
• 2:24
  has
• 2:24
  shifted,
• 2:25
  perhaps
• 2:26
  the
• 2:26
  drop,
• 2:26
  or
• 2:27
  what
• 2:27
  we're
• 2:27
  going
• 2:27
  to
• 2:27
  talk
• 2:27
  about
• 2:27
  today
• 2:28
  is
• 2:28
  those
• 2:28
  price
• 2:29
  drops
• 2:29
  that
• 2:29
  are
• 2:29
  happening
• 2:29
  in
• 2:30
  the
• 2:30
  property
• 2:30
  market,
• 2:31
  where
• 2:31
  do
• 2:31
  they
• 2:31
  sit?
• 2:32
  Compared
• 2:32
  with
• 2:32
  previous
• 2:32
  quarters.
• 2:33
  Yeah.
• 2:34
  Okay,
• 2:34
  so
• 2:34
  run
• 2:35
  us
• 2:35
  through
• 2:35
  them.
• 2:35
  Where
• 2:35
  does
• 2:35
  it
• 2:36
  sit?
• 2:36
  Fascinating.
• 2:37
  Fresh
• 2:37
  new
• 2:38
  data
• 2:38
  for
• 2:38
  the
• 2:38
  quarter
• 2:39
  January
• 2:40
  to
• 2:40
  March.
• 2:40
  We
• 2:41
  have
• 2:41
  seen
• 2:42
  $54
• 2:43
  million
• 2:44
  drop
• 2:44
  out
• 2:45
  of
• 2:45
  the
• 2:45
  New
• 2:45
  Zealand
• 2:45
  property
• 2:46
  market.
• 2:46
  So
• 2:47
  much
• 2:47
  money,
• 2:47
  eye
• 2:48
  watering
• 2:48
  in
• 2:48
  fact.
• 2:49
  But
• 2:49
  what
• 2:49
  I
• 2:50
  will
• 2:50
  say
• 2:50
  was
• 2:50
  more
• 2:51
  eye
• 2:51
  watering.
• 2:52
  Much
• 2:52
  earlier
• 2:52
  on
• 2:53
  in
• 2:53
  2023
• 2:53
  we
• 2:54
  actually
• 2:54
  saw
• 2:54
  over
• 2:55
  million
• 2:56
  dropout
• 2:57
  and
• 2:57
  probably
• 2:57
  the
• 2:58
  most
• 2:58
  comparable
• 2:59
  quarter
• 2:59
  would
• 2:59
  be
• 3:00
  the
• 3:00
  same
• 3:00
  month,
• 3:00
  January
• 3:01
  to
• 3:01
  March.
• 3:01
  But
• 3:02
  last
• 3:02
  year
• 3:03
  beginning
• 3:03
  of
• 3:03
  2025
• 3:04
  where
• 3:04
  we
• 3:05
  saw
• 3:05
  63
• 3:05
  million
• 3:06
  drop
• 3:06
  out
• 3:06
  of
• 3:06
  the
• 3:07
  average
• 3:07
  asking
• 3:07
  price
• 3:08
  of
• 3:08
  New
• 3:08
  Zealand
• 3:08
  property.
• 3:09
  So
• 3:09
  we
• 3:09
  actually
• 3:10
  have
• 3:10
  gone
• 3:10
  there's
• 3:11
  less
• 3:12
  54
• 3:12
  versus
• 3:13
  63.
• 3:13
  So
• 3:13
  there
• 3:13
  actually
• 3:14
  is
• 3:14
  less
• 3:15
  that
• 3:15
  is
• 3:15
  pulled
• 3:15
  out
• 3:15
  of
• 3:15
  that
• 3:16
  summer
• 3:16
  quarter.
• 3:17
  But
• 3:17
  what
• 3:17
  that
• 3:17
  really
• 3:18
  tells
• 3:18
  me
• 3:18
  is
• 3:18
  that
• 3:19
  as
• 3:19
  we
• 3:20
  said
• 3:20
  because
• 3:20
  those
• 3:21
  property
• 3:21
  prices
• 3:22
  have
• 3:22
  remained
• 3:22
  stable
• 3:22
  for
• 3:22
  such
• 3:23
  a
• 3:23
  long
• 3:23
  time,
• 3:24
  sellers
• 3:25
  are
• 3:25
  a
• 3:25
  little
• 3:25
  bit
• 3:26
  more
• 3:26
  realistic
• 3:27
  with
• 3:27
  what
• 3:27
  they're
• 3:28
  putting
• 3:28
  their
• 3:28
  properties
• 3:28
  on
• 3:28
  the
• 3:29
  market
• 3:29
  for
• 3:30
  and
• 3:30
  vice
• 3:30
  versa.
• 3:31
  Buyers
• 3:31
  aren't
• 3:31
  trying
• 3:32
  to
• 3:32
  come
• 3:32
  and
• 3:32
  grab
• 3:33
  themselves
• 3:33
  a
• 3:33
  deal
• 3:34
  because
• 3:34
  they
• 3:34
  realize,
• 3:35
  look,
• 3:35
  the
• 3:35
  property
• 3:36
  market
• 3:36
  is
• 3:36
  what
• 3:36
  the
• 3:37
  property
• 3:37
  market
• 3:37
  is
• 3:38
  and
• 3:38
  perhaps
• 3:39
  I'm
• 3:39
  going
• 3:39
  to
• 3:39
  try
• 3:39
  and
• 3:39
  get
• 3:40
  of
• 3:40
  course
• 3:40
  a
• 3:40
  good
• 3:40
  deal
• 3:41
  but
• 3:41
  I'm
• 3:41
  going
• 3:41
  to
• 3:42
  really
• 3:42
  understand
• 3:42
  where
• 3:43
  the
• 3:43
  market
• 3:43
  is
• 3:43
  sitting
• 3:44
  in
• 3:44
  this
• 3:44
  environment.
• 3:45
  Yeah,
• 3:45
  that
• 3:46
  makes
• 3:46
  a
• 3:46
  lot
• 3:46
  of
• 3:46
  sense
• 3:46
  and
• 3:46
  it's
• 3:47
  interesting
• 3:47
  as
• 3:47
  well,
• 3:47
  right,
• 3:47
  because
• 3:48
  we're
• 3:48
  always
• 3:48
  comparing
• 3:49
  their,
• 3:50
  the
• 3:50
  Q1
• 3:51
  data
• 3:51
  which
• 3:51
  is
• 3:52
  first
• 3:52
  quarter
• 3:52
  of
• 3:52
  the
• 3:52
  year
• 3:54
  because
• 3:55
  everywhere,
• 3:56
  but
• 3:56
  particularly
• 3:57
  New
• 3:57
  Zealand,
• 3:58
  it's,
• 3:58
  it
• 3:59
  changes
• 3:59
  a
• 3:59
  lot
• 4:00
  based
• 4:00
  on
• 4:00
  time
• 4:00
  of
• 4:00
  year.
• 4:01
  Right.
• 4:01
  So
• 4:01
  to
• 4:01
  get
• 4:01
  some
• 4:02
  accurate
• 4:02
  numbers
• 4:02
  there,
• 4:03
  that's
• 4:03
  why
• 4:03
  we
• 4:03
  always
• 4:04
  compare
• 4:04
  those
• 4:04
  first
• 4:05
  quarter
• 4:05
  numbers
• 4:05
  to
• 4:05
  the
• 4:05
  previous
• 4:06
  year,
• 4:07
  same
• 4:07
  time.
• 4:08
  That's
• 4:08
  dead.
• 4:08
  Right.
• 4:09
  The
• 4:09
  biggest
• 4:09
  transactions
• 4:10
  actually
• 4:11
  happen
• 4:11
  in
• 4:11
  four
• 4:12
  months
• 4:12
  of
• 4:12
  the
• 4:12
  year,
• 4:13
  believe
• 4:13
  it
• 4:13
  or
• 4:13
  not.
• 4:14
  So
• 4:14
  we
• 4:14
  have
• 4:14
  very,
• 4:15
  very
• 4:15
  busy
• 4:16
  hyped
• 4:16
  up
• 4:17
  months
• 4:17
  in
• 4:18
  October
• 4:18
  and
• 4:19
  November
• 4:19
  and
• 4:19
  then
• 4:20
  again
• 4:20
  in
• 4:20
  February
• 4:21
  and
• 4:21
  March,
• 4:22
  which
• 4:22
  you
• 4:22
  can
• 4:22
  well
• 4:22
  imagine
• 4:23
  because
• 4:24
  we've
• 4:24
  stuck
• 4:24
  inside
• 4:25
  all
• 4:25
  winter.
• 4:25
  The
• 4:26
  houses
• 4:26
  perhaps
• 4:26
  a
• 4:27
  little
• 4:27
  bit
• 4:27
  moldy,
• 4:27
  not
• 4:28
  looking
• 4:28
  as
• 4:28
  lovely,
• 4:28
  the
• 4:29
  gardens
• 4:29
  aren't
• 4:29
  as
• 4:29
  fresh.
• 4:30
  You
• 4:30
  start
• 4:30
  to
• 4:31
  see
• 4:31
  that
• 4:31
  daylight
• 4:31
  savings
• 4:32
  happen.
• 4:33
  Bit
• 4:33
  more
• 4:33
  light,
• 4:34
  bit
• 4:34
  more
• 4:34
  fresh,
• 4:34
  bit
• 4:35
  more
• 4:35
  flowers,
• 4:35
  you're
• 4:35
  like,
• 4:36
  right,
• 4:36
  let's
• 4:36
  move.
• 4:37
  And
• 4:38
  vice
• 4:38
  versa.
• 4:39
  You
• 4:39
  get
• 4:39
  to
• 4:39
  the
• 4:39
  end
• 4:39
  of
• 4:39
  the
• 4:40
  year,
• 4:40
  you
• 4:40
  take
• 4:40
  a
• 4:40
  deep
• 4:41
  breath,
• 4:41
  hopefully
• 4:42
  Santa's
• 4:42
  kind
• 4:42
  to
• 4:43
  you,
• 4:43
  you
• 4:43
  come
• 4:44
  into
• 4:44
  the
• 4:44
  brand
• 4:44
  new
• 4:45
  year
• 4:45
  and
• 4:45
  think,
• 4:45
  you
• 4:45
  know
• 4:45
  what,
• 4:46
  it's
• 4:46
  time
• 4:46
  for
• 4:46
  a
• 4:47
  bit
• 4:47
  of
• 4:47
  a
• 4:47
  move,
• 4:47
  time
• 4:48
  to
• 4:48
  shake
• 4:48
  it
• 4:48
  up.
• 4:48
  And
• 4:49
  so
• 4:49
  of
• 4:49
  course
• 4:50
  that
• 4:50
  then
• 4:50
  translates
• 4:50
  into
• 4:51
  the
• 4:51
  New
• 4:51
  Zealand
• 4:51
  property
• 4:52
  market
• 4:52
  which
• 4:52
  is
• 4:52
  when
• 4:53
  those
• 4:53
  really
• 4:53
  busy
• 4:54
  months
• 4:54
  are.
• 4:55
  And
• 4:55
  look
• 4:55
  it's.
• 4:56
  And
• 4:56
  that
• 4:56
  does,
• 4:57
  and
• 4:57
  that's
• 4:57
  why
• 4:57
  it's
• 4:57
  important
• 4:58
  to
• 4:58
  kind
• 4:58
  of
• 4:58
  compare
• 4:58
  the
• 4:59
  same
• 4:59
  time
• 4:59
  of
• 4:59
  year.
• 4:59
  Because
• 5:00
  we
• 5:00
  want
• 5:00
  to
• 5:00
  make
• 5:00
  sure
• 5:00
  we're
• 5:00
  capturing
• 5:01
  those
• 5:02
  increases.
• 5:02
  You
• 5:03
  don't
• 5:03
  want
• 5:03
  to
• 5:03
  be
• 5:03
  comparing
• 5:03
  winter
• 5:04
  to
• 5:04
  summer
• 5:04
  because
• 5:04
  it's
• 5:05
  just
• 5:05
  not
• 5:05
  a
• 5:05
  fair
• 5:05
  comparison.
• 5:06
  Yeah,
• 5:07
  yeah,
• 5:07
  exactly.
• 5:08
  I
• 5:08
  mean
• 5:08
  from
• 5:09
  my
• 5:09
  reading
• 5:10
  of
• 5:10
  this,
• 5:10
  it's
• 5:10
  really
• 5:10
  interesting.
• 5:11
  You're
• 5:11
  saying
• 5:11
  you
• 5:12
  get
• 5:12
  the
• 5:12
  sense
• 5:12
  that
• 5:12
  people
• 5:13
  are
• 5:13
  just
• 5:13
  being
• 5:13
  more
• 5:13
  realistic,
• 5:14
  that
• 5:14
  maybe
• 5:15
  the
• 5:15
  market
• 5:15
  is
• 5:16
  still
• 5:16
  pretty
• 5:17
  flat
• 5:17
  in
• 5:17
  general,
• 5:18
  but
• 5:18
  this
• 5:18
  is
• 5:18
  showing
• 5:19
  fewer
• 5:19
  price
• 5:20
  moves
• 5:20
  once
• 5:21
  it's
• 5:21
  listed.
• 5:22
  So
• 5:22
  maybe
• 5:23
  sellers
• 5:23
  are
• 5:23
  coming
• 5:23
  in
• 5:24
  more
• 5:24
  realistic,
• 5:24
  buyers
• 5:25
  are
• 5:25
  more
• 5:25
  willing
• 5:25
  to
• 5:26
  negotiate.
• 5:27
  So
• 5:27
  we'd
• 5:27
  still
• 5:27
  call
• 5:28
  it
• 5:28
  a
• 5:28
  buyer's
• 5:28
  market
• 5:28
  right
• 5:29
  now?
• 5:29
  Yeah,
• 5:29
  we
• 5:29
  would
• 5:30
  because
• 5:30
  there
• 5:30
  is
• 5:31
  still
• 5:31
  a
• 5:31
  lot
• 5:31
  of
• 5:31
  stock
• 5:32
  out
• 5:32
  there.
• 5:32
  So
• 5:33
  there
• 5:33
  is
• 5:33
  plenty
• 5:34
  of
• 5:34
  homes
• 5:34
  for
• 5:35
  those
• 5:35
  beautiful
• 5:35
  buyers
• 5:36
  to
• 5:36
  look
• 5:36
  at.
• 5:37
  So
• 5:37
  when
• 5:37
  we
• 5:38
  sort
• 5:38
  of
• 5:38
  see
• 5:38
  that
• 5:38
  tipping
• 5:39
  point,
• 5:39
  it's
• 5:40
  probably
• 5:41
  around
• 5:41
  say
• 5:42
  25,000
• 5:43
  homes
• 5:43
  right
• 5:43
  across
• 5:44
  the
• 5:44
  mutu.
• 5:45
  At
• 5:45
  the
• 5:45
  moment
• 5:45
  we're
• 5:46
  sitting
• 5:46
  upwards
• 5:46
  of
• 5:47
  37,000
• 5:48
  homes.
• 5:49
  So
• 5:49
  what
• 5:50
  that
• 5:50
  means
• 5:50
  is
• 5:50
  if
• 5:50
  you
• 5:50
  are
• 5:51
  looking
• 5:51
  to
• 5:51
  sell
• 5:52
  is
• 5:52
  that
• 5:52
  you've
• 5:52
  got
• 5:53
  quite
• 5:53
  a
• 5:53
  bit
• 5:53
  of
• 5:53
  competition
• 5:54
  on
• 5:54
  the
• 5:54
  market
• 5:55
  at
• 5:55
  the
• 5:55
  moment
• 5:55
  typically,
• 5:56
  but
• 5:57
  and
• 5:57
  also
• 5:57
  for
• 5:57
  buyers
• 5:58
  there
• 5:58
  is
• 5:58
  more
• 5:59
  choice
• 5:59
  out
• 5:59
  there.
• 6:00
  So
• 6:01
  we
• 6:01
  are
• 6:01
  still
• 6:01
  certainly
• 6:02
  seeing
• 6:02
  really
• 6:03
  good
• 6:03
  homes
• 6:04
  transact,
• 6:04
  you
• 6:05
  know,
• 6:05
  well
• 6:05
  presented
• 6:06
  homes
• 6:06
  really
• 6:07
  move
• 6:07
  in
• 6:07
  this
• 6:07
  market.
• 6:08
  But
• 6:08
  yet
• 6:09
  because
• 6:09
  there
• 6:09
  is
• 6:09
  a
• 6:10
  lot
• 6:10
  more
• 6:10
  supply
• 6:10
  than
• 6:11
  there
• 6:11
  is
• 6:12
  demand
• 6:12
  to
• 6:12
  match
• 6:12
  it,
• 6:13
  we
• 6:13
  would
• 6:13
  still
• 6:13
  see
• 6:14
  that
• 6:14
  it's
• 6:14
  typically
• 6:14
  a
• 6:15
  buyer's
• 6:15
  market
• 6:15
  at
• 6:15
  the
• 6:16
  moment
• 6:16
  and
• 6:16
  they've
• 6:17
  got
• 6:17
  a
• 6:17
  bit
• 6:17
  more
• 6:17
  time
• 6:17
  to
• 6:18
  be
• 6:18
  considered
• 6:18
  with
• 6:18
  their
• 6:19
  purchases.
• 6:20
  If
• 6:20
  you're
• 6:20
  looking
• 6:21
  for
• 6:21
  property,
• 6:21
  start
• 6:22
  with
• 6:22
  realestate
• 6:23
  Co
• 6:23
  nz,
• 6:24
  New
• 6:24
  Zealand's
• 6:25
  longest
• 6:25
  standing
• 6:26
  property
• 6:26
  site.
• 6:27
  They've
• 6:27
  been
• 6:28
  dedicated
• 6:28
  exclusively
• 6:29
  to
• 6:29
  property
• 6:30
  since
• 6:30
  1996.
• 6:32
  That's
• 6:33
  even
• 6:33
  before
• 6:33
  Google.
• 6:34
  Whether
• 6:35
  you're
• 6:35
  buying
• 6:35
  or
• 6:36
  renting,
• 6:36
  no
• 6:37
  other
• 6:37
  property
• 6:37
  site
• 6:38
  gives
• 6:38
  you
• 6:38
  as
• 6:38
  much
• 6:38
  information.
• 6:40
  The
• 6:40
  Market
• 6:40
  Insights
• 6:41
  feature
• 6:41
  lets
• 6:42
  you
• 6:42
  view
• 6:42
  the
• 6:42
  median
• 6:43
  asking,
• 6:43
  sale
• 6:44
  and
• 6:44
  rental
• 6:44
  prices
• 6:45
  in
• 6:45
  a
• 6:45
  suburb
• 6:46
  for
• 6:46
  over
• 6:46
  1,
• 6:47
  3
• 6:47
  or
• 6:48
  even
• 6:48
  10
• 6:48
  years.
• 6:49
  Want
• 6:50
  to
• 6:50
  know
• 6:50
  what
• 6:50
  a
• 6:50
  property
• 6:51
  is
• 6:51
  worth?
• 6:51
  The
• 6:52
  estimated
• 6:52
  sale
• 6:53
  price
• 6:53
  range
• 6:53
  uses
• 6:54
  the
• 6:54
  latest
• 6:54
  sales
• 6:55
  figures
• 6:55
  from
• 6:55
  the
• 6:56
  real
• 6:56
  estate
• 6:56
  industry.
• 6:57
  Scroll
• 6:58
  to
• 6:58
  the
• 6:58
  bottom
• 6:58
  of
• 6:58
  a
• 6:58
  property
• 6:59
  listing
• 6:59
  to
• 6:59
  discover
• 7:00
  what
• 7:00
  it
• 7:00
  sold
• 7:00
  for
• 7:01
  in
• 7:01
  the
• 7:01
  past,
• 7:01
  the
• 7:02
  council
• 7:02
  valuation
• 7:03
  and
• 7:03
  what
• 7:04
  you
• 7:04
  can
• 7:04
  expect
• 7:04
  to
• 7:04
  pay
• 7:04
  for
• 7:05
  it
• 7:05
  even
• 7:06
  before
• 7:06
  you
• 7:06
  view
• 7:07
  it.
• 7:07
  Become
• 7:08
  the
• 7:08
  property
• 7:08
  expert,
• 7:09
  download
• 7:10
  the
• 7:10
  realestate
• 7:11
  Co
• 7:11
  NZ
• 7:12
  app
• 7:12
  and
• 7:12
  make
• 7:13
  informed
• 7:13
  decisions
• 7:14
  fast.
• 7:16
  The
• 7:16
  other
• 7:16
  thing
• 7:16
  as
• 7:16
  well,
• 7:17
  I'm
• 7:17
  thinking,
• 7:17
  you
• 7:17
  know
• 7:18
  when
• 7:18
  you
• 7:18
  mentioned
• 7:18
  inflation
• 7:19
  and
• 7:19
  cost
• 7:19
  of
• 7:19
  living
• 7:20
  earlier,
• 7:20
  I
• 7:20
  mean
• 7:21
  that's
• 7:21
  super
• 7:21
  top
• 7:22
  of
• 7:22
  mind
• 7:22
  right
• 7:23
  now
• 7:23
  because
• 7:23
  we've
• 7:24
  had
• 7:24
  these
• 7:24
  warnings
• 7:24
  from
• 7:25
  the
• 7:25
  Reserve
• 7:25
  bank
• 7:26
  that
• 7:27
  cost
• 7:27
  of
• 7:27
  living
• 7:27
  not
• 7:28
  looking
• 7:28
  good.
• 7:28
  We've
• 7:28
  got
• 7:28
  an
• 7:28
  oil
• 7:29
  crisis
• 7:29
  that
• 7:30
  pushes
• 7:30
  up
• 7:30
  inflation
• 7:30
  on
• 7:31
  everything
• 7:32
  basically
• 7:33
  and
• 7:33
  so
• 7:34
  interest
• 7:34
  rates
• 7:35
  likely
• 7:35
  to
• 7:36
  move
• 7:36
  this
• 7:36
  year
• 7:37
  we've
• 7:37
  got
• 7:37
  predictions
• 7:38
  that
• 7:38
  there
• 7:38
  could
• 7:38
  be
• 7:39
  three
• 7:39
  interest
• 7:39
  rate
• 7:40
  rises
• 7:40
  this
• 7:41
  year.
• 7:41
  Nobody
• 7:41
  truly
• 7:42
  has
• 7:42
  a
• 7:42
  crystal
• 7:42
  ball,
• 7:43
  but
• 7:43
  that's
• 7:43
  just
• 7:43
  what
• 7:43
  the
• 7:43
  predictions
• 7:44
  are
• 7:44
  at
• 7:44
  the
• 7:44
  moment.
• 7:44
  What
• 7:45
  do
• 7:45
  you
• 7:45
  think?
• 7:45
  Do
• 7:46
  you
• 7:46
  look
• 7:46
  at
• 7:47
  that?
• 7:47
  And
• 7:47
  again,
• 7:47
  imperfect
• 7:48
  crystal
• 7:48
  ball,
• 7:49
  fine.
• 7:50
  But,
• 7:50
  you
• 7:50
  know,
• 7:50
  as
• 7:50
  someone
• 7:51
  in
• 7:51
  the
• 7:51
  industry
• 7:51
  with
• 7:51
  access
• 7:52
  to
• 7:52
  heaps
• 7:52
  of
• 7:52
  data,
• 7:53
  do
• 7:53
  you
• 7:53
  think
• 7:53
  this
• 7:54
  could
• 7:54
  impact
• 7:54
  the
• 7:54
  property
• 7:54
  market?
• 7:55
  I
• 7:55
  do
• 7:56
  think
• 7:56
  it
• 7:56
  will
• 7:57
  as
• 7:57
  a
• 7:57
  flow
• 7:58
  on
• 7:58
  effect.
• 7:58
  Look,
• 7:59
  I
• 7:59
  think
• 7:59
  we
• 7:59
  have
• 7:59
  got
• 8:00
  so
• 8:00
  much
• 8:00
  uncertainty
• 8:01
  at
• 8:01
  the
• 8:01
  moment,
• 8:02
  full
• 8:02
  stop
• 8:03
  looking
• 8:03
  globally,
• 8:04
  looking
• 8:04
  at
• 8:04
  those
• 8:05
  challenges
• 8:05
  with
• 8:05
  oil,
• 8:06
  whether
• 8:06
  it's
• 8:06
  a
• 8:06
  supply
• 8:07
  or
• 8:07
  a
• 8:07
  demand
• 8:07
  issue,
• 8:08
  we
• 8:08
  have
• 8:09
  got
• 8:09
  just
• 8:09
  uncertainty
• 8:10
  around
• 8:10
  that.
• 8:11
  Gosh,
• 8:12
  their
• 8:12
  global
• 8:12
  economic
• 8:13
  situation,
• 8:13
  you
• 8:14
  know,
• 8:14
  how
• 8:14
  does
• 8:14
  it
• 8:14
  all
• 8:15
  flow
• 8:15
  in?
• 8:15
  And
• 8:15
  of
• 8:15
  course,
• 8:16
  interest
• 8:16
  rates
• 8:17
  do
• 8:17
  directly
• 8:18
  impact
• 8:18
  the
• 8:19
  New
• 8:19
  Zealand
• 8:19
  property
• 8:20
  market.
• 8:20
  I
• 8:21
  think
• 8:21
  also
• 8:21
  what's
• 8:22
  fascinating
• 8:22
  for
• 8:22
  us
• 8:22
  is
• 8:23
  coming
• 8:23
  into
• 8:23
  this
• 8:23
  election
• 8:24
  year,
• 8:25
  it
• 8:25
  does
• 8:25
  mean
• 8:26
  that
• 8:26
  that
• 8:26
  creates
• 8:27
  a
• 8:27
  little
• 8:27
  bit
• 8:27
  more
• 8:27
  on
• 8:27
  Sushanti
• 8:28
  Nguyen.
• 8:29
  I
• 8:29
  really
• 8:29
  feel
• 8:29
  for
• 8:29
  Kiwis
• 8:30
  at
• 8:30
  the
• 8:30
  moment
• 8:30
  because
• 8:31
  you
• 8:31
  kind
• 8:32
  of
• 8:32
  felt
• 8:32
  like
• 8:32
  maybe
• 8:33
  coming
• 8:33
  into
• 8:33
  this
• 8:34
  year,
• 8:34
  oh,
• 8:34
  there's
• 8:34
  a
• 8:34
  bit
• 8:35
  more
• 8:35
  confidence
• 8:35
  with
• 8:36
  consumers,
• 8:36
  there's
• 8:36
  a
• 8:36
  bit
• 8:36
  more
• 8:37
  confidence
• 8:37
  with
• 8:37
  businesses.
• 8:38
  Maybe,
• 8:39
  just
• 8:40
  maybe
• 8:40
  we're
• 8:40
  starting
• 8:41
  to
• 8:41
  see
• 8:41
  the
• 8:41
  other
• 8:41
  side
• 8:42
  of
• 8:42
  that
• 8:42
  sort
• 8:42
  of
• 8:42
  doom
• 8:42
  and
• 8:43
  gloom
• 8:43
  from
• 8:43
  the
• 8:43
  pandemic,
• 8:44
  then
• 8:44
  the
• 8:44
  doom
• 8:44
  and
• 8:44
  gloom
• 8:45
  from
• 8:45
  the
• 8:45
  recession
• 8:45
  and
• 8:46
  bam,
• 8:46
  a
• 8:47
  potential
• 8:47
  war
• 8:48
  that's
• 8:48
  really
• 8:49
  impacting
• 8:49
  the
• 8:49
  globe.
• 8:50
  So,
• 8:51
  I
• 8:51
  mean,
• 8:52
  it
• 8:52
  is
• 8:52
  quite
• 8:52
  a
• 8:52
  challenging
• 8:53
  time.
• 8:53
  But
• 8:54
  look,
• 8:54
  I
• 8:54
  think
• 8:54
  what
• 8:54
  we've
• 8:55
  got
• 8:55
  to
• 8:55
  remember
• 8:55
  is
• 8:56
  there's
• 8:56
  only
• 8:56
  so
• 8:56
  much
• 8:57
  we
• 8:57
  can
• 8:57
  control
• 8:57
  in
• 8:57
  all
• 8:58
  of
• 8:58
  that.
• 8:58
  There
• 8:59
  really
• 8:59
  is.
• 8:59
  And
• 9:00
  we
• 9:00
  can
• 9:00
  find
• 9:00
  ourselves
• 9:01
  getting
• 9:01
  really
• 9:02
  overwhelmed
• 9:03
  if
• 9:03
  we
• 9:03
  look
• 9:03
  at.
• 9:04
  But
• 9:04
  what
• 9:04
  will
• 9:04
  this
• 9:04
  mean
• 9:04
  and
• 9:05
  what
• 9:05
  will
• 9:05
  that
• 9:05
  mean
• 9:05
  and
• 9:05
  how
• 9:06
  does
• 9:06
  this
• 9:06
  impact
• 9:06
  us?
• 9:07
  Now,
• 9:07
  look
• 9:08
  at
• 9:08
  a
• 9:08
  macro
• 9:09
  level,
• 9:09
  of
• 9:10
  course
• 9:10
  there
• 9:10
  is
• 9:10
  going
• 9:11
  to
• 9:11
  be
• 9:11
  shocks
• 9:11
  and
• 9:12
  spills
• 9:12
  and
• 9:12
  dips
• 9:13
  and
• 9:13
  troughs
• 9:14
  and
• 9:14
  all
• 9:14
  the
• 9:14
  rest
• 9:14
  of
• 9:14
  it.
• 9:15
  There'll
• 9:15
  also
• 9:15
  be
• 9:15
  rises.
• 9:16
  There's
• 9:16
  always
• 9:16
  opportunities
• 9:17
  in
• 9:17
  every
• 9:17
  market.
• 9:18
  But
• 9:18
  what
• 9:18
  I
• 9:18
  would
• 9:19
  say
• 9:19
  is
• 9:19
  that
• 9:19
  if
• 9:19
  that
• 9:19
  starts
• 9:20
  to
• 9:20
  get
• 9:20
  a
• 9:20
  little
• 9:20
  bit
• 9:20
  over,
• 9:21
  you
• 9:21
  know,
• 9:21
  you
• 9:21
  start
• 9:21
  to
• 9:22
  think,
• 9:22
  my
• 9:22
  gosh,
• 9:23
  what
• 9:23
  am
• 9:23
  I
• 9:23
  going
• 9:23
  to
• 9:23
  do?
• 9:23
  How's
• 9:24
  this
• 9:24
  going
• 9:24
  to
• 9:24
  work?
• 9:25
  Take
• 9:25
  a
• 9:25
  deep
• 9:25
  breath
• 9:26
  and
• 9:26
  think,
• 9:27
  what
• 9:27
  is
• 9:27
  it
• 9:27
  that
• 9:27
  is
• 9:28
  best
• 9:28
  for
• 9:28
  my
• 9:28
  family
• 9:29
  right
• 9:29
  now?
• 9:30
  What
• 9:31
  is
• 9:31
  it
• 9:31
  best
• 9:31
  for
• 9:31
  my
• 9:32
  financial
• 9:32
  situation?
• 9:33
  What
• 9:33
  was
• 9:34
  my
• 9:34
  plan?
• 9:34
  Let's
• 9:35
  go
• 9:35
  back
• 9:35
  to
• 9:35
  my
• 9:36
  plan,
• 9:36
  because
• 9:37
  everybody's
• 9:37
  financial
• 9:38
  situation
• 9:39
  is
• 9:39
  different.
• 9:40
  And
• 9:40
  hopefully,
• 9:40
  if
• 9:41
  you're
• 9:41
  a
• 9:41
  smart
• 9:41
  listener
• 9:42
  of
• 9:42
  this
• 9:42
  wonderful
• 9:42
  podcast
• 9:43
  or
• 9:43
  viewing
• 9:44
  us,
• 9:45
  I
• 9:45
  look
• 9:45
  kind
• 9:45
  of
• 9:46
  like
• 9:46
  a
• 9:46
  TV
• 9:46
  show
• 9:46
  really,
• 9:46
  as
• 9:47
  we
• 9:47
  like
• 9:47
  to
• 9:47
  turn
• 9:47
  around
• 9:47
  a
• 9:48
  TV
• 9:48
  show
• 9:48
  here.
• 9:49
  Having
• 9:49
  coffee
• 9:50
  in
• 9:50
  my
• 9:50
  lounge,
• 9:50
  my
• 9:50
  friend
• 9:51
  Francis.
• 9:52
  But
• 9:52
  no,
• 9:53
  look,
• 9:53
  if,
• 9:53
  you
• 9:53
  know,
• 9:53
  go
• 9:54
  back
• 9:54
  to
• 9:54
  your
• 9:54
  plan
• 9:55
  you
• 9:55
  probably
• 9:55
  will
• 9:55
  have
• 9:56
  a
• 9:56
  plan
• 9:56
  if
• 9:56
  you're
• 9:56
  a
• 9:56
  smart
• 9:56
  person
• 9:57
  listening
• 9:57
  to
• 9:57
  this
• 9:57
  podcast.
• 9:58
  And
• 9:58
  the
• 9:58
  important
• 9:59
  part
• 9:59
  to
• 9:59
  that
• 9:59
  is
• 10:00
  that
• 10:01
  is
• 10:01
  the
• 10:01
  stuff
• 10:01
  that
• 10:01
  you
• 10:02
  can.
• 10:02
  Control
• 10:03
  100%
• 10:04
  that
• 10:04
  controlling
• 10:05
  what
• 10:05
  you
• 10:05
  can
• 10:05
  control.
• 10:06
  I
• 10:06
  just
• 10:06
  keep
• 10:07
  coming
• 10:07
  back
• 10:07
  to
• 10:07
  that.
• 10:08
  You've
• 10:08
  just
• 10:09
  got
• 10:09
  to
• 10:09
  say
• 10:09
  there's
• 10:10
  a
• 10:10
  whole
• 10:10
  bunch
• 10:10
  I
• 10:10
  can't
• 10:11
  control,
• 10:11
  but
• 10:11
  there
• 10:12
  are
• 10:12
  always
• 10:12
  some
• 10:12
  things
• 10:13
  you
• 10:13
  can
• 10:13
  take
• 10:13
  control
• 10:14
  of
• 10:14
  those.
• 10:16
  So
• 10:16
  we're
• 10:16
  going
• 10:16
  to
• 10:16
  do
• 10:16
  a
• 10:16
  little
• 10:17
  bit
• 10:17
  of
• 10:17
  run
• 10:18
  with
• 10:18
  the
• 10:18
  foxes
• 10:18
  and
• 10:19
  hunt
• 10:19
  with
• 10:19
  the
• 10:19
  hounds.
• 10:21
  So
• 10:21
  we're
• 10:21
  going
• 10:21
  to
• 10:21
  look
• 10:21
  at
• 10:21
  it
• 10:21
  as
• 10:22
  both
• 10:22
  a
• 10:22
  buyer
• 10:22
  and
• 10:22
  a
• 10:22
  seller
• 10:23
  in
• 10:23
  the
• 10:24
  current
• 10:24
  market.
• 10:24
  Is
• 10:24
  there
• 10:24
  anything
• 10:25
  you
• 10:25
  would
• 10:25
  say
• 10:26
  sellers
• 10:26
  particularly
• 10:27
  should
• 10:27
  bear
• 10:28
  in
• 10:28
  mind?
• 10:28
  Right
• 10:28
  now
• 10:29
  I
• 10:29
  would
• 10:29
  be
• 10:30
  working
• 10:30
  with
• 10:30
  a
• 10:30
  real
• 10:30
  estate
• 10:31
  agent
• 10:31
  who
• 10:31
  really
• 10:32
  understands
• 10:33
  your
• 10:33
  property
• 10:33
  and
• 10:34
  your
• 10:34
  area,
• 10:35
  because
• 10:35
  these
• 10:35
  are
• 10:36
  the
• 10:36
  people
• 10:36
  every
• 10:36
  day
• 10:37
  who
• 10:37
  are
• 10:37
  dealing
• 10:37
  with
• 10:38
  buyers.
• 10:38
  So
• 10:39
  they
• 10:39
  will
• 10:39
  know
• 10:40
  what
• 10:40
  type
• 10:41
  of
• 10:41
  buyer
• 10:42
  potentially
• 10:42
  that
• 10:42
  your
• 10:42
  property
• 10:43
  would
• 10:43
  best
• 10:43
  appeal
• 10:44
  to,
• 10:44
  how
• 10:45
  many
• 10:45
  of
• 10:45
  those
• 10:45
  are
• 10:45
  floating
• 10:46
  about,
• 10:46
  how
• 10:47
  much
• 10:47
  money
• 10:47
  they've
• 10:47
  got
• 10:48
  to
• 10:48
  spend
• 10:48
  on
• 10:48
  a
• 10:48
  house
• 10:49
  like
• 10:49
  yours.
• 10:50
  And
• 10:50
  typically
• 10:50
  if
• 10:51
  they
• 10:51
  work
• 10:51
  locally,
• 10:52
  they're
• 10:52
  going
• 10:52
  to
• 10:52
  understand
• 10:52
  the
• 10:53
  area,
• 10:53
  they'll
• 10:53
  have
• 10:53
  a
• 10:54
  good
• 10:54
  database
• 10:54
  in
• 10:54
  your
• 10:55
  area.
• 10:55
  And
• 10:56
  so
• 10:56
  I
• 10:56
  would
• 10:56
  really
• 10:56
  be
• 10:57
  thinking
• 10:57
  about
• 10:57
  the
• 10:57
  person
• 10:58
  or
• 10:58
  the
• 10:58
  expert
• 10:59
  that
• 10:59
  you
• 10:59
  work
• 10:59
  with
• 10:59
  in
• 10:59
  order
• 11:00
  to
• 11:00
  move
• 11:00
  that
• 11:00
  property.
• 11:01
  And
• 11:01
  I've
• 11:01
  said
• 11:02
  it
• 11:02
  before,
• 11:02
  and
• 11:02
  I'm
• 11:02
  going
• 11:02
  to
• 11:02
  say
• 11:03
  a
• 11:03
  thousand
• 11:03
  times,
• 11:04
  you
• 11:04
  cannot
• 11:05
  sell
• 11:05
  a
• 11:05
  secret.
• 11:06
  Make
• 11:06
  sure
• 11:07
  that
• 11:07
  your
• 11:07
  property
• 11:08
  is
• 11:08
  well
• 11:08
  presented,
• 11:09
  well
• 11:10
  marketed
• 11:11
  and
• 11:11
  really
• 11:12
  make
• 11:12
  sure
• 11:12
  that
• 11:12
  you
• 11:13
  get
• 11:13
  every
• 11:13
  potential
• 11:14
  buyer
• 11:14
  into
• 11:14
  that
• 11:15
  living
• 11:15
  room,
• 11:15
  into
• 11:16
  that
• 11:16
  tender
• 11:16
  room,
• 11:16
  into
• 11:17
  that
• 11:17
  auction
• 11:17
  room,
• 11:17
  however
• 11:18
  you
• 11:18
  choose
• 11:18
  to
• 11:18
  sell
• 11:18
  your
• 11:19
  property,
• 11:19
  which
• 11:19
  your
• 11:20
  real
• 11:20
  estate
• 11:20
  expert
• 11:20
  will
• 11:20
  be
• 11:21
  able
• 11:21
  to
• 11:21
  help
• 11:21
  you
• 11:21
  with
• 11:21
  that
• 11:21
  as
• 11:22
  well
• 11:22
  given
• 11:22
  the
• 11:22
  climate,
• 11:23
  given
• 11:23
  your
• 11:23
  property.
• 11:24
  But
• 11:24
  you
• 11:24
  want
• 11:24
  to
• 11:25
  create
• 11:25
  as
• 11:25
  much
• 11:25
  demand
• 11:26
  as
• 11:26
  possible
• 11:26
  and
• 11:27
  marketing
• 11:27
  certainly
• 11:27
  helps.
• 11:28
  With
• 11:28
  that
• 11:29
  hundred
• 11:29
  percent.
• 11:30
  I
• 11:30
  mean,
• 11:30
  that's
• 11:31
  something
• 11:31
  that
• 11:31
  you
• 11:31
  see
• 11:31
  people
• 11:32
  when
• 11:32
  they're
• 11:32
  going
• 11:33
  to
• 11:33
  market
• 11:33
  and
• 11:33
  they
• 11:34
  put
• 11:34
  all
• 11:34
  this
• 11:34
  effort
• 11:35
  into
• 11:35
  cleaning
• 11:35
  up
• 11:35
  the
• 11:35
  house
• 11:35
  and
• 11:35
  making
• 11:36
  it
• 11:36
  look
• 11:36
  beautiful
• 11:37
  and
• 11:37
  then
• 11:37
  maybe
• 11:37
  skimp
• 11:37
  on
• 11:38
  photos
• 11:38
  and
• 11:38
  things.
• 11:38
  I'm
• 11:39
  just
• 11:39
  like,
• 11:39
  I
• 11:39
  don't,
• 11:39
  I
• 11:40
  don't
• 11:40
  understand,
• 11:40
  what
• 11:40
  are
• 11:40
  you
• 11:41
  doing?
• 11:41
  That's,
• 11:42
  that's
• 11:42
  the
• 11:42
  bit
• 11:42
  I'd
• 11:42
  go
• 11:43
  hard
• 11:43
  on.
• 11:43
  Absolutely.
• 11:44
  What
• 11:45
  about
• 11:45
  for
• 11:45
  buyers?
• 11:45
  Is
• 11:46
  there
• 11:46
  anything
• 11:46
  they
• 11:46
  should
• 11:47
  bear
• 11:47
  in
• 11:47
  mind?
• 11:48
  Make
• 11:48
  sure
• 11:48
  you
• 11:48
  keep
• 11:49
  your
• 11:49
  options
• 11:50
  wide.
• 11:50
  You
• 11:51
  really
• 11:51
  think
• 11:51
  about
• 11:51
  what
• 11:51
  it
• 11:52
  is
• 11:52
  that
• 11:52
  you're
• 11:53
  looking
• 11:53
  for,
• 11:54
  both
• 11:54
  now
• 11:55
  and
• 11:55
  coming
• 11:55
  into
• 11:55
  the
• 11:56
  future.
• 11:56
  If
• 11:56
  you've
• 11:57
  got
• 11:57
  six
• 11:57
  and
• 11:57
  seven
• 11:58
  year
• 11:58
  old
• 11:58
  boys,
• 11:58
  they're
• 11:58
  not
• 11:59
  going
• 11:59
  to
• 11:59
  be
• 11:59
  that
• 11:59
  small
• 11:59
  for
• 11:59
  that
• 12:00
  long.
• 12:00
  Maybe
• 12:00
  think
• 12:01
  about
• 12:01
  what
• 12:01
  that
• 12:01
  might
• 12:01
  be
• 12:01
  like
• 12:01
  when
• 12:02
  they're
• 12:02
  teenagers.
• 12:03
  You
• 12:03
  know
• 12:03
  this,
• 12:03
  in
• 12:04
  this
• 12:04
  market
• 12:04
  at
• 12:04
  the
• 12:05
  moment,
• 12:05
  we
• 12:05
  do
• 12:05
  as
• 12:05
  a
• 12:06
  buyer,
• 12:06
  you
• 12:06
  have
• 12:06
  quite
• 12:06
  a
• 12:07
  privilege
• 12:07
  of
• 12:07
  time
• 12:08
  because
• 12:09
  there
• 12:09
  is,
• 12:09
  as
• 12:09
  I
• 12:09
  said
• 12:09
  earlier,
• 12:10
  quite
• 12:10
  a
• 12:10
  lot
• 12:10
  of
• 12:10
  stock
• 12:11
  out
• 12:11
  there.
• 12:11
  But
• 12:11
  also
• 12:12
  good
• 12:12
  homes,
• 12:12
  well
• 12:13
  priced,
• 12:13
  well
• 12:14
  presented,
• 12:14
  well
• 12:14
  marketed,
• 12:15
  are
• 12:15
  certainly
• 12:15
  moving.
• 12:16
  But
• 12:16
  as
• 12:17
  a
• 12:17
  buyer,
• 12:17
  not
• 12:18
  every
• 12:18
  vendor
• 12:18
  sees
• 12:19
  that
• 12:19
  opportunity.
• 12:20
  So
• 12:20
  you
• 12:20
  might
• 12:20
  be
• 12:20
  able
• 12:20
  to
• 12:20
  find
• 12:21
  one
• 12:21
  of
• 12:21
  the.
• 12:21
  Uncover
• 12:21
  one
• 12:22
  of
• 12:22
  those
• 12:22
  ones
• 12:22
  and
• 12:22
  sort
• 12:23
  of
• 12:23
  be
• 12:23
  able
• 12:23
  to
• 12:23
  negotiate
• 12:23
  a
• 12:24
  bit
• 12:24
  on
• 12:24
  that.
• 12:24
  Because
• 12:25
  we
• 12:25
  have
• 12:25
  the
• 12:25
  luxury
• 12:25
  of
• 12:26
  time
• 12:26
  at
• 12:26
  the
• 12:26
  moment.
• 12:27
  Think
• 12:27
  about
• 12:27
  taking
• 12:27
  a
• 12:28
  deep
• 12:28
  breath
• 12:28
  and
• 12:28
  taking
• 12:28
  the
• 12:29
  time.
• 12:30
  Think
• 12:30
  about
• 12:30
  what
• 12:30
  work
• 12:31
  from
• 12:31
  home
• 12:31
  versus
• 12:31
  work
• 12:31
  from
• 12:32
  an
• 12:32
  office
• 12:32
  could
• 12:32
  look
• 12:33
  like.
• 12:33
  What
• 12:33
  do
• 12:33
  you
• 12:33
  want
• 12:34
  your
• 12:34
  commute
• 12:34
  times
• 12:35
  to
• 12:35
  be,
• 12:35
  whether
• 12:35
  it's
• 12:36
  for
• 12:36
  play
• 12:36
  school
• 12:37
  or
• 12:38
  perhaps
• 12:38
  aging
• 12:39
  parents
• 12:39
  or
• 12:39
  cousins
• 12:40
  or
• 12:40
  aunties
• 12:41
  that
• 12:41
  you
• 12:41
  want
• 12:41
  to
• 12:41
  visit
• 12:41
  a
• 12:41
  bit
• 12:42
  more
• 12:42
  of.
• 12:43
  So,
• 12:43
  yeah,
• 12:43
  I
• 12:43
  think
• 12:43
  we
• 12:43
  do
• 12:44
  have
• 12:44
  a
• 12:44
  real
• 12:44
  privilege
• 12:44
  as
• 12:45
  a
• 12:45
  buyer
• 12:45
  at
• 12:45
  the
• 12:45
  moment.
• 12:46
  Certainly
• 12:47
  get
• 12:47
  yourself
• 12:47
  au
• 12:48
  fait
• 12:48
  with
• 12:48
  the
• 12:48
  market,
• 12:48
  as
• 12:49
  we've
• 12:49
  always
• 12:49
  said.
• 12:50
  You
• 12:50
  know,
• 12:50
  go
• 12:50
  and
• 12:51
  save
• 12:51
  all
• 12:51
  those
• 12:51
  beautiful
• 12:52
  areas
• 12:52
  that
• 12:52
  you
• 12:52
  want
• 12:53
  to
• 12:53
  live
• 12:53
  on,
• 12:53
  preferably
• 12:54
  on
• 12:54
  Realestate
• 12:54
  Co
• 12:55
  nz.
• 12:56
  Shameless.
• 12:57
  Plug
• 12:57
  there,
• 12:59
  save
• 13:00
  the
• 13:00
  properties,
• 13:00
  because
• 13:01
  then
• 13:01
  we'll
• 13:01
  update
• 13:01
  you.
• 13:01
  If
• 13:02
  those
• 13:02
  price
• 13:03
  drops
• 13:03
  do
• 13:03
  happen,
• 13:04
  we'll
• 13:04
  be
• 13:04
  the
• 13:04
  first
• 13:04
  to
• 13:04
  notify
• 13:05
  you.
• 13:06
  So
• 13:06
  make
• 13:06
  sure
• 13:06
  you're
• 13:06
  using
• 13:06
  the
• 13:07
  tech,
• 13:07
  make
• 13:07
  sure
• 13:07
  you're
• 13:07
  understanding
• 13:08
  the
• 13:08
  market.
• 13:09
  Always
• 13:10
  get
• 13:10
  yourself
• 13:10
  a
• 13:10
  good
• 13:11
  set
• 13:11
  of
• 13:11
  experts
• 13:12
  involved
• 13:12
  to
• 13:12
  make
• 13:13
  sure
• 13:13
  you're
• 13:13
  buying
• 13:13
  well
• 13:14
  and
• 13:14
  also
• 13:15
  you're
• 13:15
  searching
• 13:15
  well
• 13:16
  and,
• 13:16
  you
• 13:16
  know,
• 13:16
  like,
• 13:16
  go
• 13:17
  and
• 13:17
  have
• 13:17
  some
• 13:17
  fun
• 13:17
  out
• 13:17
  there.
• 13:18
  You
• 13:18
  know,
• 13:18
  owning
• 13:19
  a
• 13:19
  home,
• 13:19
  whether
• 13:19
  it's
• 13:19
  your
• 13:19
  first,
• 13:20
  your
• 13:20
  second
• 13:20
  or
• 13:20
  investment,
• 13:21
  they
• 13:21
  are.
• 13:21
  It
• 13:21
  is
• 13:21
  such
• 13:22
  an
• 13:22
  exciting
• 13:22
  process
• 13:23
  and
• 13:23
  I
• 13:24
  don't
• 13:24
  think
• 13:24
  you
• 13:24
  really
• 13:24
  kind
• 13:25
  of
• 13:25
  understand
• 13:25
  that
• 13:25
  moment.
• 13:26
  Who
• 13:26
  got
• 13:26
  the
• 13:26
  keys?
• 13:27
  You
• 13:27
  walk
• 13:27
  in
• 13:27
  the
• 13:27
  door,
• 13:27
  you're
• 13:28
  like,
• 13:28
  wow,
• 13:28
  this
• 13:28
  is
• 13:28
  ours.
• 13:29
  Oh,
• 13:30
  there's.
• 13:30
  There's
• 13:30
  no
• 13:30
  feeling
• 13:31
  like
• 13:31
  it.
• 13:31
  I
• 13:31
  still
• 13:32
  remember
• 13:33
  walking
• 13:33
  into
• 13:33
  my
• 13:33
  first
• 13:34
  home
• 13:34
  and
• 13:34
  just
• 13:34
  be
• 13:34
  like,
• 13:35
  mine,
• 13:36
  actually.
• 13:37
  Mine.
• 13:38
  So
• 13:38
  good.
• 13:38
  Thank
• 13:38
  you
• 13:39
  so
• 13:39
  much.
• 13:39
  Vanessa
• 13:39
  Williams
• 13:40
  from
• 13:40
  Realestate
• 13:40
  Co
• 13:41
  NZ
• 13:41
  bring
• 13:41
  us
• 13:42
  that
• 13:42
  wonderful
• 13:42
  fresh
• 13:42
  data.
• 13:43
  As
• 13:43
  always,
• 13:44
  if
• 13:44
  this
• 13:44
  episode
• 13:44
  helped
• 13:45
  you
• 13:45
  send
• 13:45
  it
• 13:46
  on
• 13:46
  to
• 13:46
  a
• 13:46
  friend,
• 13:46
  we
• 13:47
  can
• 13:47
  all
• 13:47
  level
• 13:47
  up
• 13:47
  our
• 13:47
  money
• 13:48
  together.
• 13:48
  Until
• 13:48
  next
• 13:49
  time,
• 13:49
  Great
• 13:49
  day.
• 13:51
  This
• 13:52
  podcast
• 13:52
  can
• 13:52
  only
• 13:53
  give
• 13:53
  you
• 13:53
  general
• 13:53
  information
• 13:54
  about
• 13:54
  how
• 13:54
  things
• 13:55
  work
• 13:55
  in
• 13:55
  most
• 13:56
  situations.
• 13:57
  It's
• 13:57
  not
• 13:57
  individual
• 13:58
  financial
• 13:58
  advice.
• 13:59
  If
• 13:59
  you're
• 14:00
  after
• 14:00
  that.
• 14:00
  A
• 14:00
  financial
• 14:01
  advisor
• 14:01
  is
• 14:02
  always
• 14:02
  the
• 14:02
  best
• 14:02
  bet.