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The Landlord
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Auckland house sales still in doldrums

Wednesday 4th of August 2010

The number of sales dropped 3.2% to 644 in July from a month earlier, and was down 17% from a year ago, according to Barfoot & Thompson, Auckland's biggest real estate firm.

The average sale price crept up 2.2% to $534,389 from June, and was 5.3% higher than July 2009.  

"It's a typical situation that can develop in mid-winter, especially during periods when economic activity is quiet," said managing director Peter Thompson.

"Until winter is behind us, we anticipate market conditions will remain the same as at present." 

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@The Laird - No, not really. The headline of this article could equally have been: "Advisers embrace Westpac after upfront commissions increased to highest across the main banks."
2 hours ago Paul Flood
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Doesn't this result call into question the criticism from certain quarters that Mortgage Advisers are driven predominantly by commission considerations?
8 hours ago The Laird
FMA wants clearer fees
@first time caller - I can see the complexity you highlight, but as above, investors should be able to see what they are paying without having to reference multiple documents. Investment admin can track and report deductions for tax, withdrawals, fees et al, would be /should be straightforward to aggregate advice fees into costs at member level... at least I hope so.
1 day ago Goldcard
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2 days ago Goldcard