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Sally Lindsay
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Nearly $300,000 wiped off Auckland house values

Tuesday 13th of June 2023

The latest QV House Price Index shows the average value of homes across the entire country has fallen $174,835 since the peak at the beginning of last year.

Over the past three months to May the average house value declined by $13,671, leaving the average property nationwide valued at $888,930.

That figure is 13.7% lower than the same time last year and 20.2% higher than its pre-Covid-19 level.

While value drops across the country have remained in the  middle 3% range over the past two months, QV operations manager James Wilson says it is still too early to say the market has bottomed out.

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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?
5 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
FMA wants clearer fees
@goldcard - how would you propose that a fund manager calculates the TER to include adviser fees given not all clients pay them and different advisers charge different fees, not to mention some advisors charge different fees to different clients? The advice fee gets disclosed in the adviser's disclosure statement and the statement of advice, so the client can add that to the published TER of the fund they are invested in to see how much they are paying overall.
2 days ago First time caller
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6 days ago Market Commentator