>>updated 4 February 2010                                         QUICK LINK TO CURRENT LISTINGS

The Real Estate Agents Act 2008 is now operative. It has a clear consumer focus and new era in accountability. It will further professionalism in our industry. I describe aspects of it in a page linked to this LOGO >>>.

The market for apartments in Wellington City is one of the most complex to operate in. Please explore the relevant content of this website and engage me to work for you...

Wellington City has a market of its own in apartments. It is quite different in character to the traditional urban market. It became established by meeting the needs, aspirations and preferences of known groups of buyers. Its growth has been under-pinned by geographical restraints on infill housing and by new developments being restricted to outlying areas. The result is a phenomenon that it has thrived, much to the surprise of some!

The character of our market...

The market initially drew little distinction between types of apartments as buyers competed with each other to secure one. For a time speculative gains could be made on the purchase of any apartment. The market has matured. Buyer groups now identify with the "product" that best suits their needs, and gains in value reflect  popularity in the traditional way. The dynamics of the pioneering stage drew in some developers with little appreciation of market needs, and in some cases, construction as well! A sign of maturity in the market is the rise in strength of the various bodies corporate as they take charge of their own buildings and resolve any matters at issue. 

The result of all this is a complex, mature, and comparitively stable market offering a diverse range of accommodation and lifestyle. A very high proportion of our apartments are occupied by owners, making the market more resilient than in other centres. A predominance of owner-occupiers can have a strong influence  in managing the environment within the buildings. This is a vibrant and attractive City with a variety of leisure activities within easy reach. It is a delightful place to live. 

ching buyers with apartments...      

Matching buyers with apartments...                                                       QUICK LINK FOR BUYERS

Selling apartments in Wellington gives me a comprehensive overview of what is available for the various groups of buyers. A background in building and in developing multi-unit housing enhances my understanding  the complexities in the market. I can usually resolve most matters that can arise as an issue during the sale

process.

       
There are apartments that I market directly for my clients and others that are listed in the comprehensive database I share. Details of my clients properties are displayed on this website through links on the right. The database I use holds the details of between 80 and 100 apartments at any one time. It changes on a daily basis and is constantly monitored. The apartments vary in type, size, cost, amenity, location, and form of ownership. Access is often by appointment only. Issues like parking for attendees, tenancies, or security requirements with buildings, often preclude availability for Open Homes on Sundays. The most practical solution to viewing the apartments most likely to suit your rquirements is to email me with the details of what you want and why. I will identify what we have available and arrange to visit the properties in the most efficient manner.  

Getting your apartment SOLD in the current market...                     QUICK LINK FOR VENDORS

It is times like this that experience comes to the fore. The prerequisite for marketing is a clear understanding of the profile for the buyer most likely to purchase the property. The method of marketing needs to be one that is proving most effective at this time. (click here to see details of our Tender Reserve and Cash Price marketing methods) Advertising needs to be effective, targeting the right buyers, and not costly. Your agent needs to be a good negotiator with an excellent understanding of the apartment market and the ability to resolve any concern with building issues, body corporate matters, or forms of title. If you have any concern as to my abilities please take some time reading pertinent pages on my personal site www.brucemitchell.co.nz/ When listing with me there are additional advantages in that your property is available to over 100 of my sales colleagues all working in a competitive environment. Collectively we sell approximately 40% of all residential property in Wellington, well ahead of the 9 other companies who make up the rest.

Motivated vendors with unsold apartments in the current market should contact me immediately to gain the best advantage from buyers drawn to our properties by the promotion of our TENDER RESERVE and CASH PRICE marketing.

  
Astute vendors with property yet to be listed for sale in the current market should contact me to learn more about our methods of marketing and the advantages to be gained through me working at Remax

Bruce Mitchell |free2mobile 0800 635 942|bruce@brucemitchell.co.nz | www.brucemitchell.co.nz

Client Newsletter NewsAug09