Latest / Best of Business / Rawdon Christie: Real estate agent says some Kiwis are stumbling into home ownership.

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Rawdon Christie: Real estate agent says some Kiwis are stumbling into home ownership. · Best of Business

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  Speaker 1: You're listening to a podcast from news Talk zed Be
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  Speaker 1: follow this and our wide range of podcasts now on iHeartRadio.
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  Speaker 2: Now this is a weird one. Turns out a few
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  Speaker 2: Kiwis are actually buying houses on a whim. It's been
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  Speaker 2: a survey by real estate dot co dot Nz and
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  Speaker 2: it's asked participants if they'd ever ended up owning a
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  Speaker 2: house that they first saw when they weren't thinking of buying.
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  Speaker 2: Twenty four percent of people said yes they had. Eight
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  Speaker 2: percent of people said that actually done it in the
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  Speaker 2: past year. Rawden Christy is a realistic agent and with us. Now, Hey,
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  Speaker 2: Rawden Goody, Hello, how are you very well? Thank you?
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  Speaker 2: Have you come across a case like this?
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  Speaker 3: God, you know, I would love these buyers to come
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  Speaker 3: knocking on my door quite frankly, when buyers it's really
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  Speaker 3: hard to get buyers over the line in this buyer's market.
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  Speaker 3: But look, I think I think the reality is anyone
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  Speaker 3: who's going out and suddenly decides are going to buy
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  Speaker 3: a house is probably thinking about it, even subconsciously, because
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  Speaker 3: it's just not the sort of thing you're going to
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  Speaker 3: do with a second without a second thought, particularly in
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  Speaker 3: the market the way it is today. There is so
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  Speaker 3: much due diligence, There are so much regulation, There are
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  Speaker 3: so much stuff you have to go through before you
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  Speaker 3: actually sign in the bottom line on the dotted line.
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  Speaker 3: Rather that, I think, I don't know. I would find
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  Speaker 3: it very hard to believe that there is a vast
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  Speaker 3: number of people out there suddenly deciding to buy their
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  Speaker 3: biggest investment without doing much homework.
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  Speaker 2: Well, what about this as an example? I just wonder
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  Speaker 2: how broad it feels to me, like this is quite
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  Speaker 2: a broad whoop side? Did it by mistake kind of
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  Speaker 2: you know, definition of that? But what about this example
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  Speaker 2: where somebody is just doom scrolling because they love to
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  Speaker 2: look at house porn real estate porn, and they're just
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  Speaker 2: dooms grown. They go, oh my gosh, look their house
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  Speaker 2: is actually affordable, maybe we should buy that. Would you
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  Speaker 2: consider that would be I think technically I didn't mean
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  Speaker 2: to buy it, But you're saying, in the back of
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  Speaker 2: your mind, you're only on there because you actually do
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  Speaker 2: want to buy it.
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  Speaker 3: I think so. But having said that, for for what
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  Speaker 3: you've just described, though, does happen, and it's the most
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  Speaker 3: fantastic thing, because that is a really emotional purchase. That's
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  Speaker 3: people who are I don't know, it's a dream coming true,
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  Speaker 3: even though they didn't realize they were having the dream
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  Speaker 3: until they had it. Yeah, and so that does happen.
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  Speaker 3: But that's what I'm saying. The reason why they're doom
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  Speaker 3: scrolling is because they probably are ready to maybe do something,
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  Speaker 3: they just haven't wanted to admit to the fact they're
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  Speaker 3: about to make the commitment.
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  Speaker 2: Do you doom scroll.
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  Speaker 3: All sorts of things. It would be ghastly to look
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  Speaker 3: through my history. But yeah, no, I mean houses, absolutely,
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  Speaker 3: you have to.
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  Speaker 1: We have to.
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  Speaker 3: We have to know what's going on in the market,
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  Speaker 3: and the only way we can do that is to
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  Speaker 3: make sure that we're trying to get our head around
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  Speaker 3: as much as we possibly can about listings, what's selling,
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  Speaker 3: what's not, what's changing, methods of sale, et cetera. There's
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  Speaker 3: no doubt but this idea of buying. Oh how's the market? Yeah,
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  Speaker 3: fantastic two seven to four? Yeah, couldn't be better. Tell
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  Speaker 3: me the truth now, Uh, definitely seeing a lift in it,
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  Speaker 3: there's no I mean, it's a wave. We're seeing a
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  Speaker 3: positive wave. Whether and this is a stock related thing,
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  Speaker 3: supply and demand at the moment the supply is just
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  Speaker 3: beginning to wave at the demands on the way up.
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  Speaker 3: That will probably change again in the spring and then
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  Speaker 3: again in the late summer, but there's no doubt in
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  Speaker 3: the last two weeks we've sold probably as many properties
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  Speaker 3: as we had the two months before it, so we've
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  Speaker 3: seen a real uplift. Whether that changes back in a
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  Speaker 3: few weeks time, I don't know. But winter, I reckon,
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  Speaker 3: is a key time to selling, when everyone assumes, ah,
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  Speaker 3: we're not going to list now, so there's the supply
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  Speaker 3: drops off, the buyers are still there, even those buying
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  Speaker 3: on a whim are still looking in the middle of
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  Speaker 3: winter Rowden. Do you know mechism I do, And I
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  Speaker 3: did see the article today about him doing pretty much
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  Speaker 3: what I did. He went he's obviously been doing what
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  Speaker 3: I did, which is the sort of speaking circuit and
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  Speaker 3: media stuff, and now he's decided to sort of go
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  Speaker 3: for it, and I just wish him the very best
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  Speaker 3: of luck. In fact, I was thinking of flicking him
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  Speaker 3: a message to say, reach out, give us a call
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  Speaker 3: if you want my experience, because it's not an easy journey.
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  Speaker 3: But I can understand why he's doing it. I'm pleased
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  Speaker 3: I did it. He's got a hell of a good
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  Speaker 3: learning curve ahead of him.
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  Speaker 2: What do you Reckon's the hardest thing about switching from
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  Speaker 2: Telly to real estate.
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  Speaker 3: Controlling everything about your own life Suddenly, I think you
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  Speaker 3: know you are running your own business, your time management.
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  Speaker 3: There's no one there telling you you've got a deadline
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  Speaker 3: of this or that, and you have to you know,
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  Speaker 3: you know what it's like. Howether you know you've got
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  Speaker 3: a prep a certain amount of material by a certain time,
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  Speaker 3: you've got to present it and then you're done until
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  Speaker 3: the next day or whatever this is. You've got to
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  Speaker 3: be able to control your own life to such an
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  Speaker 3: extent that you have to be incredibly well organized. And
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  Speaker 3: that's probably the hardest thing I've found.
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  Speaker 2: Yeah, hey, thank you, rud and I appreciate it. Watch
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  Speaker 2: out mess going to give you a call in a minute.
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  Speaker 2: He'll have been listening Ruden Christy, real estate Agent.
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