Building Warrant of Fitness Fee Increase

Posted on 3rd May 2013 13:23 | By Anonymous Author

Dennis McMahon McMahon Commercial mcmahoncommercial I write on behalf of over 600 commercial property owners whom entrust Property Managers Limited to manage their commercial property interests on their behalf. Our concern is driven from a recent notice by Tauranga City Council advising all building owners and managers that the Building Warrant...

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Third wettest rainfall

Posted on 3rd May 2013 13:21 | By Anonymous Author

Weather Eyewith John Maunder Rainfalls in Tauranga in the month of April were the third wettest since records began in 1898. The graph shows the range of rainfalls from a high of 383mm in 1911 to a low of 10mm in 1958. The rainfall for April 2013 was 286mm - a “near record” rainfall showing that sometimes a “near record”...

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Securing a tenant in today’s market

Posted on 11th Mar 2013 16:49 | By Anonymous Author

Dennis McMahon McMahon Commercial mcmahoncommercial Since late last year we have seen a significant upswing in leasing activity across the commercial portfolio we manage. Over the last five weeks in particular we have managed to achieve five new Agreements to Lease, all for good tenures and acceptable square metre rates. The incentives required...

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When good news is bad news

Posted on 1st Mar 2013 08:49 | By Anonymous Author

Josh HoskinSmart Money jhoskin@goldridge.co.nz I can’t remember the last time a TV financial report started with positive news, despite the actual results of the global market and, more particularly, our market being spectacular. We all know bad news sells, but don’t forget where the crowd goes is often the last place you want to...

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Watch those demerit points

Posted on 11th Dec 2012 13:17 | By Anonymous Author

Graeme ElvinMackenzie Elvin Those of us used to jumping in the car to go everywhere and anywhere need to be careful about our speed and those demerit points this summer. It’s also worth noticing there are some other demerit point traps. I’m not going to get into an argument about whether speed cameras and hidden police cars with radar...

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Optimism in the property market

Posted on 28th Nov 2012 16:50 | By Anonymous Author

Dennis McMahon McMahon Commercial mcmahoncommercial As we approach the end of another fairly difficult year, there are signs that the commercial property sector may finally be turning a corner. At a recent Bayleys auction in Auckland, six tenanted retail properties sold at yields of below 7 per cent. The Turners and Growers Building in Mount...

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Protect yourself at all times

Posted on 6th Nov 2012 12:48 | By Anonymous Author

Josh HoskinSmart Money jhoskin@goldridge.co.nz These five words are the most important spoken by a boxing ref before a bout, as Kiwis we could learn a lot from this. For all of those that don’t know I have been talked into the TECT Lord of Ring Boxing event being held in December 2012. While not quite the same as being chased down by an...

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Perils of Leasehold Property

Posted on 31st Oct 2012 08:22 | By Anonymous Author

Graeme ElvinMackenzie Elvin Once again, the perils of purchasing leasehold land have been exposed in the latest controversy over ground rental payments at the Scene Three apartments in Auckland.  The owners of these leasehold properties are facing prospective increases of 470 per cent in ground rent for their Scene Three apartments.  Some...

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Finding the right bank

Posted on 18th Oct 2012 15:31 | By Anonymous Author

Graeme ElvinMackenzie Elvin It feels like it is a real war out there. Everywhere you look the banks are fighting for business, offering competitive interest rates; contributions to legal fees, to valuation fees, and to bank fees.  After all, when there isn’t much new business around, the only way for a bank to grow is to entice another...

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Saving is as simple as 1, 2, 3

Posted on 10th Oct 2012 16:12 | By Anonymous Author

Josh HoskinSmart Money jhoskin@goldridge.co.nz Following on from my previous piece, I am going to continue to discuss the merits of saving. Last time I spoke about how Benjamin Franklin used his savings to change his life. I want to now address the most used excuse for not saving – ‘I don’t have enough money’. I am sorry...

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