August 8, 2026 • 41 mins
Property markets always favour either the buyer or the seller - someone's gonna get more out of it.
It's hard to know what move to make in the property market, and even harder to know when.
Harcourts Managing Director Martin Cooper joins Tim Beveridge to answer your questions about the property market, and how to know when to buy, sell or hold.
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Speaker 1 (00:05):
You're listening to the Weekend Collective podcast from News Talks EDB.
Speaker 2 (00:19):
Just see.
Speaker 3 (00:41):
You start and welcome and welcome back to the Weekend Collective.
I'm Tim Beveridge and this is one Roup radio show.
We will want your calls and participation on one hundred
eighty ten eighty. You can text, by the way, of course,
(01:03):
that's just part of it, but if you want to
the queue. And as I'm thinking, I'm going to repeat
this for a few weeks just to remind people new
listeners who come in, you don't actually have to have
the answer to the meaning of the life or the
final answer that's going to make people go right. I've
heard the answer, We've got the answer. That's this what
I need to do. You just need to join the
conversation with your reckons. By the way, just looking at
a hit to five.
Speaker 2 (01:24):
Sheridan Katona is with us for the Parents Squad to
talk about we don't have a chat about parents who
want to be their kid's best friend, but also extra
curricular activity. And I've got an interesting story about that.
Something A Wonderful Night was part of a couple of
nights ago which really inspired me just about the quality
of a lot of the young people we've got in
our society, and it was nice to have that sort
of reminder that the next generation are pretty blom and awesome.
(01:46):
And it was around the subject of extra curricular activities.
We I'll talk about that later because right now it's
one roof radio show. And as I say, you can
give us a call on eight hundred and eighty ten
eighty and the first thing we're going to get and
we're going to have a chat about, is you've heard
the expression of buyers mark and the you know, there's
(02:07):
I saw a headline saying it's a buyer's market that
refuses to end. And I guess the simple question is,
if this isn't the time to buy, then what are
you waiting for? Are you waiting for a little bit
more sagginess in the market so you can put an
offer on a house, or maybe you're thinking, look, I
just want another ten thousand bucks of a deposit, and
I'm working my butt off to try and save that money.
(02:29):
Because I remember there was a time when I was
thinking and thinking and thinking about buying, and they didn't
seem to be an enormous hurry, so I just kept
on trying to build up a deposit and then keep
on building. And of course as that and then the
market started to take off, so my saving rate was
not going to keep up with where the market was going. Luckily,
I made a very smart decision and got married and
(02:51):
we were having a baby, and we thought we'd better
find a place. And that was why I bought, because
I finally thought, you know, my wife was like, look,
we've really got to think about buying a place, and
we bought our flat. As I've told you a million times,
so yes, repeating myself, that was my motivation. Otherwise I
don't know when we would have We would have just
gone our markets, you know, cruisy. Anyway, that's sort of
(03:13):
the question what are you waiting for? And actually what
was the motivation that made you actually go it's time
to buy? Was it the need for home? Was it
the need for you know, you were terrified of missing out?
Because right now it doesn't seem people are terrified anyway.
We like to get the best people. And on the
show and here he is. He's from Harcourt's Cooper and Co.
(03:35):
I think is the name of the company, and it's
Martin Cooper name. The name on the shingle out the front, Martin,
How are you great?
Speaker 4 (03:43):
Yeah, I just a great celebration. Watched the Warriors win
last night, so that was good. I don't know if
Bill blame.
Speaker 2 (03:52):
I'm not a league man, but I Panthers Panthers and
we beat the Pants.
Speaker 4 (03:55):
Well they were they were.
Speaker 2 (03:57):
That's a good one.
Speaker 4 (03:57):
They were number one.
Speaker 2 (03:58):
That's a really good win.
Speaker 4 (03:59):
It was a great win.
Speaker 2 (04:01):
So what do you mean you.
Speaker 4 (04:01):
Watched it last night out of the ground early atmosph.
Speaker 2 (04:05):
What was the atmosphere like? Amazing?
Speaker 4 (04:06):
It's so exciting. It's just fantastic. I had a mate
with me when he didn't look like he was a supporter,
so we went into the fan zone and bought the
Warriors scarf for him. And the retail spending the fan
base is fantastic, so it was a good event. I've
got to go.
Speaker 2 (04:25):
I once got invited to the league by the Mad
Butcher because he used to invite people from different places,
and I can't remember when I've met him a few
times through the music side of things, and then it's
through his zend be and he said I will arrange
your ticket sort of thing, and and went and it
was it was great had a great time.
Speaker 4 (04:40):
That Mad Butcher. Like the amount of stuff he's done
for the community and support and at charity auctions he'd
always offer money to buy stuff. And at that ground
there's a whole room. It's like a museum to all
of the collectibles in that room.
Speaker 2 (04:55):
Yeah, yeah, it's phenomenal. Hey, oh, by the way, you
were at some other event. Have you been at some
business You were just chatting off aboutland.
Speaker 4 (05:06):
Auckland Business Hall of Fame. It's it's just such a
stunning event. New Zealand entrepreneurs that are recognized for their
business success in the interviewed and they tell their story.
So Dame Gerald Jordane Mayo was there, great corporate Gerald, Yeah,
Camilla Fisher.
Speaker 2 (05:27):
You weren't getting an awards yourself.
Speaker 4 (05:30):
Well, when you're sitting there, it does think I could
do a bit better.
Speaker 5 (05:33):
You know.
Speaker 4 (05:34):
It's an aspirational environment because there's so many top achievers there.
So but and they tell their story where they started
their business and so it's completely uplifting and the success
based here in New Zealand. It makes you proud and
it's vital to have strong business to have a strong country,
(05:56):
strong economy. So it's good. Good to see what those
people can do.
Speaker 2 (05:59):
Good stuff. Haven't you won any awards yourself on the
real estate side of things?
Speaker 4 (06:04):
Are going to we award ourselves a lot. I think
real estate people, did.
Speaker 2 (06:09):
You give yourself an award?
Speaker 1 (06:10):
Well?
Speaker 4 (06:11):
Today there's so much real estate. I won this award
and that award, But the beast award of the customer
satisfaction ones, aren't they When you do a good job
for your customers.
Speaker 2 (06:21):
Actually the best rewards that they come back on the
door next time they want to sit there properly. Hey up, now,
buyer's market. Look, we had we'd Brian on last week
from hard Courts and we've chatting about buyer's market. And
you know, there has been a while where people have
thought it's a buyer's market and as if it's bad
(06:42):
news for real estate agents. But you guys just like
an active market, don't you. I mean that you just
want people buying and selling. But it is seems like
it's people. People are not rushing. If it's still a
buyer's market, then no one's panicking at the moment, are they?
What do they're not?
Speaker 4 (06:55):
They're not panicking. There's there's plenty of stock. You know,
if you're called stock, plenty of houses for sale, you know,
the volumes. There's not a great deal of competition, but
it's quite a powerful business story now to be looking
if you're in a position to buy a property, to
act now to get into the market. I was just
looking at the data on Auckland property. Yeah, and if
(07:16):
we go back to the boom, the peak after the
COVID lockdown, the average price of a home sale in
Auckland's one point three million. So over the last five
years we've been going through a correction. So the average
price now is just under a million. Wow, that average
It is a medium, you know, so it's quite a
substantial reduction. So it makes the point that I don't
(07:38):
see them going down any further. I think the next
move will be back up again. So if it's economically
viable to buy now, Yeah.
Speaker 2 (07:47):
The people do you think people who are thinking of buying?
I mean, because the mortgage numbers are the amount of
new lending, I think the mortgage numbers are down, which
means not so even though the biggest participants in the
market I gather are probably still first time buyers, so
they are a significant chunk of it. But I think
the story is that the mortgage lending's down a bit,
(08:08):
so the activity it's it's certainly there's a bit of sag,
there isn't that.
Speaker 4 (08:12):
Well, I just in light of speaking to you, I
just checked out the mortgage numbers, so they are up.
You know, if you look at the last six months
of lending New Zealanders of borriedal of people buying, forty
seven zero point five billion dollars worth of mortgage has
gone out and that's up about three billion on the
(08:33):
corresponding six months for the for the previous year. And
twenty percent of that market's going to the first home buyers, yeah,
twenty percent to investors and the balance of just people
trading up or were moving to a more suitable home.
So it's it is a reasonably active market. Finance is
easily available. The official cash rate's still at two point
(08:56):
five percent, so interest rates aren't extreme, they're affordable.
Speaker 2 (09:00):
Yeah. I think I was looking at the headline. There
was something when it came out from Caatality, which was
say mortgage They say mortgage lending has lost significant momentum
with growth. Okay, growth is dipping near zero. So well, yeah,
so in other words, it would have been a time
what would have been growing because a lot of you know,
the first time buyers, they are the ones who are
borrowing the most. I guess aren't they Actually, I just
(09:23):
made an assumption there. I'm not sure if that'll be wrong.
Speaker 4 (09:25):
No, that's the fuel. It's like the energy in the market,
the first time buyers, and they compete with the investors
because they're a lower price point. So when the first
home buyers are active in buying and the investors are
active and buying, that allows people to sell their first
home and trade up to their second one. And it's
sort of like the firewood that keeps the property market going.
Speaker 2 (09:49):
So the you know that when there isn't the panic
to buy, and we'll go to a cause in just
a moment. By the way, I one hundred and eighty
ten eighty. I've just got someone holding there, just to
let you know. Rob will be with you know tech,
what do you remember the impetus you when you first
bought your first house, Because I think that's probably the hardest,
(10:09):
the biggest decision where there's the most inertia is that
first purchase because once you've done it once, it's like
Oh wow, it feels maybe not so mysterious to do
it again. Do you remember what your motivation was to
finally go right? I mean you were probably sixteen, I guess.
Speaker 4 (10:25):
I was twenty two when I bought my first house,
and I had a home ownership account that I'd been
saving my money in the government. But like the Keipi saver,
they gave you a bit of money if you had
a home ownership account way back last century. And I
just I couldn't figure out if I could buy house
instead of renting one, I might as well get in
a purchase.
Speaker 2 (10:45):
Was it a casual decision that you just sort of
thought I could pay rent or oh maybe I should
buy something.
Speaker 4 (10:50):
I just had a burning focus. I had a property ownership.
I just thought it was a normal way to go.
But hey, look I've got friends. I've got one friend
who rents a beautiful waterfront property and he has commercial investments,
so he gets the money off his investment properties to
(11:10):
pay rent. He doesn't actually own a property, and he
scoffs at me. He says, oh, see those lawns. I
didn't have to know those because the landlard takes care
of it. He doesn't have to pay any rates or
insurance or maintenance, but just rent. He's still going to
pay the rent.
Speaker 2 (11:25):
You make it sound like he's not paying any insurance,
he's not paying any of this. I'm like, I'd like
to know what the rent figure is. It's probably not
you know, he's probably not paying four or five but
eight bucks a week.
Speaker 4 (11:35):
No, it's a bit more than that. But you know,
the interesting thing is the talk about your readers store.
It's a buyer's market. Well, it's only for all of
you out there. It's only a buyer's market if you buy,
because the thing is always.
Speaker 2 (11:48):
Hadded, prepared earlier. It sounds like, it sounds like it
makes sense, but what does it mean.
Speaker 4 (11:53):
Well, it simply means that people say, oh, it's a
buyer's market, and you know, it's a good time. But
if you don't take.
Speaker 2 (11:58):
Action, it's an it's a non part.
Speaker 4 (12:01):
Market if you if you participate, So it's.
Speaker 2 (12:03):
A non participants market for non participants if you're not participating.
But we could chase them.
Speaker 4 (12:08):
Well, how many times in life have you said you're
with friends saying oh, I was going to do that,
I was going to buy that share, I was going
to buy one of those and you know the gun
the things we were going to do and we didn't do.
So at the moment, it is a good time to
get into the market because we've got good supply of stock,
reasonably low cost interest rates compared to recent history, and
(12:35):
if you can afford it, you should be getting out
and getting amongst it. And the big thing is you
never know when the bottom is. Because I thought the
bottom was about two years ago.
Speaker 2 (12:44):
You know, Well that's that's the that's the trap, because
it's gone lower since then. And does that feed people
who are thinking, oh, you know it's.
Speaker 4 (12:53):
Still well, that's the thing. You hold back and think, oh,
it's going to go lower, and it doesn't, and it
takes off. And by the time it takes off, you
have missed the opportunity, you know what I mean.
Speaker 2 (13:02):
I don't know how many people. I mean, obviously some
people do have the fortune to buy at the bottom,
but they didn't know when they did it. They just
looked back and I bought at the bottom.
Speaker 4 (13:10):
Yeah, So that then they expressed what a genius they were.
If they're good frenzyers and they like to banter with you.
But there's the other person in life that says, I've
never ever bought a property at the right time. You know,
I'm selling when it's an all time low, and I
seem to buy when it's an all time high. So
but if you if you're of a long time, it
doesn't matter that much over ten years.
Speaker 2 (13:30):
Right, we'd love to hear from you, because there is
such a thing as inertia, when you know, people just
sort of think. And as I described my own inertia,
that it took me forever until I just had to
buy something. But what was the what was the motivation
that made you think, right, Okay, the market's a bit soft,
I should buy, I should buy, I'm saving, I'm gonna buy.
What was it that actually got you to There's some
(13:52):
very crude expressions around finally getting in there, which you
won't use. But what made you finally go right, I'm
going to do it, and you did it? One hunden
eighty twenty past four. Let's go to Rob.
Speaker 6 (14:06):
Gooday, Hi, I'll make sure on the contrast of what
your previous.
Speaker 2 (14:13):
Say. That's Martin. He's my guest for the whole hour.
Oh yeah, he's not just my previous.
Speaker 6 (14:20):
I thought he was very Yeah, he had a lot
of expertise.
Speaker 2 (14:24):
Oh he is. He's here because he's Martin Cooper from Harcourts,
Cooper and co.
Speaker 6 (14:28):
Oh yeah yeah, yeah, yeah, well yeah, I'm just saying
we had to buy a house, me and my ex,
my ex wife, young kids, and we were pretty much
kicked out of our well, the property that we're renting. Yeah,
(14:52):
his marriage he divorced. His marriage got a divorce, and
he pretty much lasked we had forty two days.
Speaker 2 (15:01):
The landlord was getting divorced, and so he gave you
notice to move out, and you were like, what do
we do?
Speaker 6 (15:06):
Yeah, yeah, it was really he just came and taught
us in person. But we were like, oh no, I was.
But then it was key we Save, which saved her
back sidse.
Speaker 2 (15:17):
Okay, so that was when you the policy that you
can withdraw your he we saver for a deposit faerhouse.
Speaker 6 (15:23):
Yeah yeah, yeah, so and yeah, so we had I know,
sixty grand yeah between us and I was about twenty
almost thirty.
Speaker 2 (15:38):
Actually, I think how many years ago is this right?
Speaker 6 (15:41):
Twenty eighteen? So I was twenty nine.
Speaker 2 (15:43):
Oh it's not that long. That's only a handful of
years ago.
Speaker 6 (15:47):
Eight years and you had a brand new baby as well,
and my father, my dad, my mum and dad paid
off our credit cards. So we're lucky, lucky.
Speaker 2 (16:00):
Do you consider yourself lucky that you got given to
bay your landlord, because otherwise you would have just continued
to rent. Yeah.
Speaker 6 (16:09):
Yeah, it was kind of like the ambetuss to buy
because we never even thought about it because we thought
it was never going to happen.
Speaker 4 (16:19):
Isn't it amazing? Like there's always a silver lining rob
like that poor couple divorced, the relationship didn't work out
and they move into the house. That triggers you to
buy your own place, and that now you've got a
place for the rent as long as you want and
you're in control of it. It's fantastic.
Speaker 6 (16:37):
Yeah, I've still got it now and it's gone up
where we paid four hundred thousand for it in twenty eighteen,
that's worth like six hundred now.
Speaker 2 (16:46):
You're what's tali on.
Speaker 6 (16:49):
Hasting?
Speaker 4 (16:51):
Yeah, that's fantastic. And every money, every bit of money
you pay into that, it's to pay off. If you've
still got a mortgage, you're paying off the debt ands
just just paying the rent.
Speaker 6 (17:00):
I would tell people, I would tell people in their
twenties just just try and buy one. Otherwise you're just
going to be paying rents for ever.
Speaker 2 (17:08):
Yeah, we'll got on your Rob. Actually, I think there'd
be quite a few people who think you, I really
appreciate your call. That'd be quite a common story in
a way that events force the decision rather than because
I think you know, when our lives we get used
to you just get used to the status quo. And
you know, buying a house is a big change to
your status quo, isn't it. Yeah.
Speaker 4 (17:29):
There's a lot of triggers in life, and fascinating even
in older life, milestone moments you know, you're having a baby,
it's time to change your lifestyle and get a home
and provide a place to bring up your children, or
all of these things that trigger you into action. But
(17:50):
that was a good one for Rob. Someone divorces wants
their house back and he thinks, hell and good on
Rob having the key we saver and his wife.
Speaker 2 (17:58):
Yeah, because there's been a lot of people, I mean,
there has been a lot of discussion and there are
some people, especially economists in particular, who are opposed to
people withdrawing their savings because you know, it's we should
be prioritizing retirement savings and all that sort of thing.
But if you if you're not able to draw them
for a house, you know, try paying for a retirement.
Try paying your rent while you're in retirement.
Speaker 4 (18:19):
Yeah, I think, Okay, some people make a mistake. And
this is my older person's advice, is you're cashing your
key WE saver to buy the house and you think,
oh god, I've got a mortgage now, and you stop
paying at your KEYI saver, you know, because you're stretched,
and then all your money and your vestments in your house.
But if you can keep that keep we saver going
(18:42):
just a small amount over all the years ahead, your
house theoretically should go up on value, so and you
pay that off over time, but you still keep your
saving going, even though you take a big hit because
you take all your money out to put into the
deposit for the house. As long as you keep going
with the savings, it's incredible because when you get older,
(19:02):
the accumulative totally. It may because you were lucky, you've
got a bit of a runway. But i'd love to
are you are you maxing out paying into your KEYWI
saver as a broadcaster to the nation. Are you being
a role model?
Speaker 2 (19:16):
No, I'm not. I'm self employed.
Speaker 4 (19:18):
I'm very You've still got to pay into it.
Speaker 2 (19:21):
Luckily, funny enough, I only had that. I'm not sure
I want to give away too much, but I had.
I had a conversation with a wife we've nearby talked
about because she puts aside money and she'd recently up
to her contributions. And I suddenly thought, you're doing enough.
Speaker 4 (19:36):
I could be a sales rep for Kiwi Saver. It
is the best thing. And you your runway. You're still
a young man. It's not too late. And Colonel Sanders
start a McDonald's when he was fifty five. Yeah, so
for you, you can still have a great reshirement.
Speaker 2 (19:53):
I should open a bakery or something. I've always wanted
to do that. Funny enough, I always wanted to do that.
Speaker 4 (19:57):
Yeah, and a breakery.
Speaker 2 (20:04):
Actually he's here, he's actually here with us. Is we've
got a helper in the studio, his grandson. Because it's
going to say that's not just a dad joke, that's
a granddad joke.
Speaker 4 (20:12):
Well, I tell you what I was weird a bakery
for sale. We've got a business broker and bad accident there.
Last week electrician came round, the power was out and
unfortunately he got electrocuted on the site. Wasn't good?
Speaker 2 (20:26):
Oh my god, Yeah, it's terrible. I thought you were
starting to tell me a bad joke.
Speaker 4 (20:29):
No, no, no, no, it's terrible. He's stood on a current.
Bun Oh.
Speaker 2 (20:35):
God, okay, put us out of our misery. What was
you know? It's a it's a soft market. There's not
the urgency that there has been. So what is motivating
and what did motivate your decision to get into property,
Because briefly, I would just say, succumbing to the status
choir of your life is the reason people never do anything.
So what was it that made you decide I've got
(20:56):
to change something I eight hundred eighty ten eighty text
nine two ninety two. Well avoid the dad jokes. Martin
has permission to tell a few, but not you. If
you call it an I eight hundred eighty and eight,
that would be a dangerous move, wouldn't it? For the
for the property?
Speaker 4 (21:09):
An hour of day.
Speaker 2 (21:10):
No, we're not doing that. That's we'd be back in
just a moment. It's twenty seven past four. News Talks
HEB News Talks hid B. I'm Tim Bevers. This is
the one who've radio shown with Martin Cooper from Harpacurtz,
Cooper and co. What was you know? It's it. It
seems like a good time to buy, but people are
not so energized in terms of urgency. What motivated you
(21:31):
to finally make your decision to get into the market
or to buy your second or third or whatever. I
W eight hundred eighty ten I eight one hundred eighty
ten eight tarmity.
Speaker 7 (21:40):
Good A Hey, how's it going, gentlemen?
Speaker 2 (21:42):
Good?
Speaker 7 (21:43):
Good, good god. I'm actually that person who's actually staw
something on the fence of looking to buy as a
first home buyer. What I've been doing is, I've actually
been watching the Reserve Bank over the past three years,
and I'm always thinking, because I have saved a certain
essential amount, I'm thinking because of there is how the
OS hasn't going down lately, interesting things are doing that
(22:05):
I've been thinking. I'll watch it until it goes down
and downs lowers you can go, and then when it
starts to hike, then I will jump.
Speaker 2 (22:11):
Okay, well, sounds like you must be Have you been
looking at houses?
Speaker 7 (22:16):
Yes?
Speaker 2 (22:16):
I have.
Speaker 7 (22:17):
I have a friend who works in real estate. I've
actually been sending him a number of bunch of listings
over the past six months, and he gives me his
honest opinions about them, or he'll tell me it may
be in price range, maybe not things like that. But
going forward, I've decided to make the effort and reach
out to a broker over the next couple of months,
now that I know there's been speculation of the OCR
(22:37):
hiking up next month.
Speaker 2 (22:39):
Oh okay, now you don't have to tell us the amount,
but do you roughly how much of how much equity
are you going to be putting down and a deposit
in terms of relating to the spand are you going
to have twenty fifteen?
Speaker 7 (22:52):
Probably the fifteen to twenty because I did get a
little examined verbal approval from our own banking specialist last year,
and then as I was looking at the open homes
that were outside of the range, I thought, I'll saved
us a little bit more and up to the savings
and this time reach up to a broker instead of
my own banking specialists. Okay, brokers can always bug in
and tell me what this offer offer.
Speaker 2 (23:14):
I'm guessing you've also called because you're waiting for Martin
to give you the inspiration and the encouragement for some
more momentum. So Martin, let's go, Martin, what do you reckon?
Message for Tammody?
Speaker 4 (23:25):
Tummody, it's time to dive in, to go for it.
You're all set up, you've got your deposit, and you've
got to get out and get shopping and get into
a property because, yeah, things, things might go along. We've
got an election coming, so that always with an election
is uncertainty. The politicians are saying everything's terrible because they're
(23:46):
all criticizing each other. But after the election, I think
we've been waiting for a long time for the market
to wake up and get a bit more energy about it.
And the thing is, once it gets momentum and gets
energy and everyone feels positive, then you've got more competition.
The prices do lift and you have to pay a
bit more. So your timing is perfect now and I
(24:10):
would get busy and get shopping and you're looking at
buying a place for the next ten years. You've got
the money, it's affordable. Are you paying rent at the moment?
Speaker 7 (24:20):
Just look like a board. I'm still looking at home
with family, but they have been helping me save during
this journey as well.
Speaker 2 (24:26):
Yeah, that's excellent because you It was interesting from my
point of view listening to you, and you used the
word months quite a few times. You know, you've been
doing such and such for six months. You're going to
talk to broken the next couple of months, and I
would just my guess is, I don't know if Martin
has an observation on this, but that still sounds like
you're you're stretching it out a bit. But do you
(24:50):
do you want some more encouragement from us?
Speaker 7 (24:54):
Not exactly, because this is like stepping points. And also
because I had a friend I telling you about. He
was telling me he's he's list of the place, and
he's been giving me up the motivation to reach up
to the broker and has already given me a couple
of lists of brokers to reach up to already.
Speaker 2 (25:08):
Yeah, I see. My take would be, and it's not
specific advice, of course, but I think the most powerful
tool you can do for the next step is to
get that approval and know exactly what you can spend.
Because you haven't got that yet. That would be sounds
like you should.
Speaker 7 (25:22):
Just examine ideally last year. But I've saved more in
the past ten months since that discussion last year.
Speaker 2 (25:26):
Awesome, man, Look what do you reckon? I mean my
advice is first, get that mortgage of approval. Just get
that under your belt. When you say Martin, yeah.
Speaker 4 (25:34):
Talk to talk to a broker and say, here's my finances.
See the maximum that you can purchase, and you can
get in find a property, you can go into the
fixed interest. You know, there's five year rates of just
over five percent, so you can. You can know the future,
you know how much. So, but it is a matter
of starting. You should be thinking in days, minutes, hours,
(25:57):
not months.
Speaker 2 (26:01):
Mate. There'll be a lot of people like you, and
I think that I'm really appreciate you can. It's a
call to share that.
Speaker 7 (26:06):
Yes, and and I've even given a hard time already
buy close friends and college at work already.
Speaker 2 (26:11):
Well, I think that the easy thing is getting that
approval in terms of it's an easy decision to make,
to just get cracking with that, and then all of
a sudden your momentums away. Wouldn't you say, yeah, good
on you mate, thanks for sharing that, and hey, let
us know if you if you if Tarmody calls up,
let us know if you when you're buy, we'll start
the clock.
Speaker 4 (26:30):
We'll celebrate.
Speaker 2 (26:33):
All of this. So yeah, I mean that's a very
common sort of story, isn't it. You know I'm doing
this and I just heard the word months a few
too many times and I thought, he is. There's a
little bit.
Speaker 4 (26:45):
Of well I do it around fitness and how many
people are out there. The things we're going to do
about going on a diet and starting exercise, Well you
apply that to your business life, the same thing I'm
going I'm going to get buy a house. And hey, Tarmody,
if you're still listening, if you wait, we could be
in six months time after the election where you think
I should it that I got into it quicker because
(27:07):
if everyone comes back in then there's more competition. You've
got to pay a high price and so and.
Speaker 2 (27:13):
At the moment, he doesn't have to panic, he's just
got to make some few simple decisions. It cracking.
Speaker 4 (27:17):
Yeah, just set a goal, set a deadline. And if
you're living with family, have a talk to them. They
probably love you, but they'd like you to be a visitor,
not a permanent resident.
Speaker 2 (27:27):
Anyway, great call, Tommity, thanks for sharing that with us.
Daniel High, Yeah, how are you good? Good?
Speaker 5 (27:35):
I want to throw a spender in the works here
for you boys to think about.
Speaker 7 (27:39):
Okay, twenty years.
Speaker 5 (27:42):
Ago, I came in, I was made redundant, and I
took my money and people said, oh, well, it's time
not to look for a job and start looking for
another job and look for buying a house, and I said, Noah.
Took some advice from a couple of you know, from
(28:02):
the business people that I was dealing with, and they said,
invest in businesses, Like I said, okay, kind of long
story short. I invested in multiple businesses and still do.
We're in the process now building our dream home cash
(28:22):
free as a result of dividends and shiholded dividends and
so forth over the vast sort of ten fifteen years,
I suppose. And I've still got investments in three businesses
and one of them makes you work and grab a
good salary. So and the people that were telling me
(28:42):
to buy a house back in the day, that's still
paying their twenty five thirty year mortgages. No, they haven't
moved forward, you know what I mean.
Speaker 2 (28:51):
I don't think it's a spander. I don't think it's
a spanier in the works, Daniel. I think so you've
just invested your money in a different way. I'll hand
over to Martin and you guys can have a banter.
Speaker 4 (29:00):
Yeah, good on you, Daniel. And it's just not everyone's
cup of tea to be that's small. Property is a
safer bet because you get to live in it, you
see it, you touch it, and you know it's yours.
Whereas a business, not everybody's as enthusiastical or entrepreneurial as
you've been to get into a business. But hey, I
(29:20):
think as long as you're making steps to create wealth
to look after yourself and your family, you can do
it through property, and you can certainly do it through business.
So good on you. And look at the outcome. You've
used your money wisely and now it's delivering for you
and your family, so good on you.
Speaker 5 (29:39):
Advice that you the same advice that you give it
to Brocus, you should also give the same advice to
people to talk to business focus and tell them what
are the options because there's lots of there's lots of
startup businesses out there, guys that are looking for small investors.
And it doesn't take a hello, a lot of time
as long as you do your due diligence. You just
grow from there and monitor it and do you know
(30:02):
what I mean.
Speaker 2 (30:03):
Us, Yeah, that's good on you. And as I said,
I don't think that's a spanner on the works. It's
just a different degree of difficulty at which some people
are either comfortable or not. And Daniel has obviously got
that appetite from maybe a bit more risk perhaps.
Speaker 4 (30:15):
Yeah, yeah, good on Daniel, and building a luxury home
with your own efforts fully commend it just a pathway
to getting your own place.
Speaker 2 (30:25):
Yeah, good call mate, because ultimately he's getting his own
place now, so it's still ending up with the same
sort of punchline. It's differently getting in it is.
Speaker 8 (30:37):
Well.
Speaker 2 (30:37):
Funnily enough, I can slightly counter that because we bought
our first home fifteen years ago when he bought into property,
and we've just about we're not far from paying off
our mortgage. So getting in at the right time and
also investing in your own house can work out quite
well from that point of view as well. Although I
imagine he's got a bit more income on he still generating,
but have income out of his investments.
Speaker 4 (30:58):
But if you focus in on paying down the debt
on your property, you know, you go to fort, you
talk to a broker or talk to how do I
get through this quickly? More quickly? And you know, if
the interest rates duck down, you just keep the payments
the same because and more's going to principle.
Speaker 2 (31:13):
Yeah, right, Well, we'll be back in a moment. Just
to quick break, it's twenty to five News Talk ZEDB
News Talk z B eight hundred eighty ten eighty. What
was the motivation for you to get into the market.
We're talking about that given us a buyer market, there's
a bit of slack activity in there. So yeah, Renee, Hello.
Speaker 8 (31:31):
Yeah, evening, How are we guys?
Speaker 2 (31:33):
Good and good? A? Is it Renee or Renee?
Speaker 8 (31:36):
Renee?
Speaker 2 (31:37):
Okay? You're with You're with Martin? Would you like to
say all right?
Speaker 8 (31:42):
Sorry, I wanted to listen to the last couple of callers.
I've just tuned in. I'm a year out of a relationship.
She's brought me out of the house, and I've had
money and all that. I'm fifty, so I've got about
seventy to eighty K to play with. I'm just wondering
with my age, is that enough of a deposit for
(32:05):
me to get my own place? And yeah, yeah.
Speaker 4 (32:10):
Well well that is a small amount of deposit, but
it depends what market, what part of the country, because
they're all different markets. Auckland, christ Church, Wellington.
Speaker 8 (32:22):
Christ I'm in christ Church and I'm looking at us.
I'm wanting to get a house on a not a
big set of land, and I don't just a three
bedroom house so I've got my kids and it's just
to see in the weekends and that sort of stuff.
And it's basically I don't want to rent because I
feel that if I rent, I'm never going to get
(32:43):
my own place. And my goal is to get my
own place. At the moment, I'm living in a cabin
on my mother's front lawn, so I can. So I've
got no bills, so I can. I'm looking at hopefully
in a year's time to build up on that money.
I've got to have a decent I've worked out that
I should have about one hundred and twenty odd K
to play with within a year's time to get for
(33:04):
a house.
Speaker 2 (33:05):
So that's one hundred and twenty on a medium price,
and christ it's what's seven eight hundred thousand dollars.
Speaker 8 (33:10):
Yeah, I've been keeping a night Yeah, six hundred, roughly
between six and seven for what I'm looking at. I'm
not looking at anything flash, just basically a three bedroom
something that's tidy. But yeah, looking I think around the
five to seven hundred range. I've been looking on training
and just keeping my eyes open and seeing what's out
there for what I know the prices are going to
go up in a year's time. But I was just
(33:33):
thinking and just a bit of advice for my age
and stuff like that. What a bank look at me?
Speaker 4 (33:40):
Yeah they will. You're fifty, You've still got a good
span ahead of time to work, get an income, pay
down the mortgage.
Speaker 8 (33:48):
So I've work two jobs as well, So I've got
a Monday to Friday job and I'll reach on the weekends.
So I'm seven days a week the only days I'll
get off of the stats.
Speaker 4 (33:56):
Yeah, good on you. You're making a good journey to
bounce back and get your own property. So what you
need to do you have a banker or a mortgage
broker or anybody.
Speaker 8 (34:10):
That haven't even looked at it.
Speaker 4 (34:12):
Okay, So just what I'd recommend is you just go
on and interview a few people and they'll give you
the advice you can just brokers. Yeah, my mortgage broker
is a good person. Just they're they're all certified, so
and just ringing them and asking for advice and just say, right,
this is my current income, this is my age, this
(34:33):
is my deposit now, and they will do an assessment
on you and so you can go out and buy
a house right today. It might be for four hundred
and eighty thousand. You know, they'll say based on your income,
what you can pay back and what your deposit is.
They'll give you the target and they'll also give you
the pathway to say the houses you want to buy
currently about five point fifty you know, to have a
nice three bedroom so the kid's family can stay. So
(34:54):
that's your target. And then they say you will need
to get your income up a little bit, You'll need
to get your deposit up a little bit, and you
know what you're aiming for. That'll be your first step,
get see what your targeted.
Speaker 8 (35:07):
Any mortgage brokers.
Speaker 4 (35:08):
Anybody, just if you like the look of them, you
out and talk to them. You sound they sound like that,
you trust them.
Speaker 2 (35:13):
Just just tell around. Yeah, just get on, just just
talk to people.
Speaker 8 (35:20):
I've been out of the game for a long time.
Is there a charge for that.
Speaker 4 (35:22):
No, it's free service. Yeah. Just they'll they'll they'll make
their money from the bank when you loan the money
off them. But to get you as a client, to
win you as a client, they'll give you that. That's
free advice. And their fee only comes when you transact
and the bank pays their fee, so it's you do indirectly.
But it's not an add on cost to you. It's
a free service.
Speaker 8 (35:43):
Okay. So if I give them a buzz this week,
come in and to say, look, I'm looking in a
year's time, but this is what I'm looking at. They'll
still help me and all that.
Speaker 4 (35:50):
Absolutely.
Speaker 2 (35:51):
Just they want your business. Yeah, they'd love to. They
want to help you. And from the mortgage brokers we've
had on this show, they want to help you, mate,
So get in there.
Speaker 7 (36:00):
Yeah.
Speaker 4 (36:00):
And hey, but also, just are you outdating again?
Speaker 8 (36:05):
No?
Speaker 4 (36:06):
No, no, we don't rush into it because you're just recharging.
But make sure you just interview wealthy women that will
help the cause going forward.
Speaker 8 (36:17):
That would be a bonus.
Speaker 2 (36:19):
It would be best wish, is right? All the best
for that, but we'll come back with more calls in
just a moment. It's twelve minutes to five. Yes, news talks.
It'll be Tim Beverage with Martin Cooper from Hardcourts, Cooper
and Co. But you know, getting getting committed and taking
a step to buying your house some great cause there,
thanks for the people are called so far lucky last Miriam.
Speaker 9 (36:40):
Hello here you going good?
Speaker 4 (36:43):
Thanks good, Thanks.
Speaker 9 (36:47):
So I've just brought a half brior years ago, Sarah
yourself well the house, but I was Bush that wants
(37:07):
to self there and then I went cooking and I've
paid my face fan first three months and it was
always the help of course of can we save us.
Speaker 4 (37:21):
Yeah, it's a good story, merriam. And you're enjoying the
new houses your own place again, Yeah.
Speaker 9 (37:27):
Definitely a lot warmer than the rentals that we're in
and a lot easier for up.
Speaker 4 (37:35):
Great, well, good on you.
Speaker 9 (37:36):
And cut a lot more on the old property every
report night.
Speaker 4 (37:40):
But yes, that's the joy of owning well, plus the
key we saver paid off and hey we've just got
to do property of the property of the week, merriam.
And if you have a look at this one, we
might have your next home.
Speaker 2 (37:56):
Hey, thanks for your call, Mariam. Sorry, we do have
to knock it on the head there because it is time.
Speaker 1 (38:00):
For the one roof property of the week on the
Weekend Collective and the.
Speaker 2 (38:07):
One root property of the week. Look at it. It's
in that sort of ballpark of being the one that
you you'd love to love to get it if you
won the lotto possibly although anyway, it's Queenstown Lakes Clothes
burn in Queenstown Lakes At The address is nineteen Bayswater Lane,
and I got to say it's it's a property that
(38:27):
is after my own heart because it's I do love Queenstown.
But it's beautifully designed, it's got this. It's in an
exclusive enclave above Wilson Bay and it's described as an
exceptional residence with breathtaking views across lake across Lake Walker,
Tippoo the surrounding mountains, minutes from Queenstown. And I've got
to say it really is quite something if you and
(38:48):
I always say, even if you can't afford this sort
of stuff, it's like having a holiday. You go on
and have a look, you look at look at a
few ideas. What do you Martin, what do you what
do you think of the property?
Speaker 4 (38:59):
Well, that the view is the hero of this property.
It's just stunning. And if you you know, it'll be
a higher price point. The reserve the sort of the
rateable value three three point six miles, so it'd be
somewhere around or over that.
Speaker 2 (39:14):
But probably over that given its Queenstown.
Speaker 4 (39:17):
Yeah possibly, But didn't you say in this whole price
a buyer's market.
Speaker 2 (39:22):
I don't know if it's a bass market in Queenstown, but.
Speaker 4 (39:25):
No, Queenstown's running hot. That's got the foreign buyers, overseas
buyers able to purchase now, so they're really it's its
own climate in Queenstown. But hey, that this property's got
the privacy and isolation of having that you're still close
to the city. Real livable home, spectacular and you get
(39:46):
online in one roof and have a look and aspirational
type property this one. It could be a holiday house,
could be move the family down to Queenstown and just
you probably wouldn't want to go to work that much
looking at those windows at that view though, were.
Speaker 2 (39:59):
You don't really want to go to work a lot
in Queenstown anyway with the traffic apparently, but you know,
you could have a lovely time of you're stuck at home.
Speaker 4 (40:06):
Yeah we're from home. It'd be perfect.
Speaker 2 (40:09):
Anyway, go and check it out. The address again is
nineteen Bayswater Lane in Queenstown, and look, it's it's worth
it just to have a look at a great property.
And funny enough, the thing that attracts me as a
secondary look, I just love the look of the back
out and I don't know what it is. It's just
maybe it's just the beautiful blue scarf and a targo
sort of day and they've got a bit of a
(40:31):
barbecue at the back and a nice.
Speaker 4 (40:33):
S gardening fetish that you know, you just know.
Speaker 2 (40:36):
I like the idea of the outdoor hosting, you know,
just getting people around sitting outside, yeah freezing.
Speaker 4 (40:43):
Oh hey, put an outdoor fire put in here. You've
got a lot of things you could do outdoor entertainment.
Speaker 2 (40:49):
It doesn't look like it's got a spar pool there
that they haven't featured there just around the corner. Oh
there it is, yeah, sparpool as well. Oh god, have
a look at it. Nineteen Bayswater in Queenstown, Martin. Great
to have you, and I know I think you've You've
done a couple of our calls a real over. There
will be interesting to see where they go in their
journey in the next few months.
Speaker 4 (41:07):
Oh yeah, it's time to take action, get it and
do it. Cheers, thank you.
Speaker 2 (41:12):
Okay, we'll be back with the Parents Squad. Sheridan Katona
is with us from the parenting Place, talking about the
value of extra curricular activities, among other things we're going
to touch on with Sheridan and I mean, how much
is too much? But also parents who want to be
best friends with their kids. I suspect she's going to
tell us that's a mistake, but we'll find out. This
is News talksb OH eight hundred and eighty ten. Ay
(41:33):
with the Parent Squad is next.
Speaker 1 (41:38):
For more from the weekend collective, listen live to News
Talks EDB weekends from three pm, or follow the podcast
on iHeartRadio.
You're listening to the Weekend Collective podcast from News Talks EDB.
Speaker 2 (00:19):
Just see.
Speaker 3 (00:41):
You start and welcome and welcome back to the Weekend Collective.
I'm Tim Beveridge and this is one Roup radio show.
We will want your calls and participation on one hundred
eighty ten eighty. You can text, by the way, of course,
(01:03):
that's just part of it, but if you want to
the queue. And as I'm thinking, I'm going to repeat
this for a few weeks just to remind people new
listeners who come in, you don't actually have to have
the answer to the meaning of the life or the
final answer that's going to make people go right. I've
heard the answer, We've got the answer. That's this what
I need to do. You just need to join the
conversation with your reckons. By the way, just looking at
a hit to five.
Speaker 2 (01:24):
Sheridan Katona is with us for the Parents Squad to
talk about we don't have a chat about parents who
want to be their kid's best friend, but also extra
curricular activity. And I've got an interesting story about that.
Something A Wonderful Night was part of a couple of
nights ago which really inspired me just about the quality
of a lot of the young people we've got in
our society, and it was nice to have that sort
of reminder that the next generation are pretty blom and awesome.
(01:46):
And it was around the subject of extra curricular activities.
We I'll talk about that later because right now it's
one roof radio show. And as I say, you can
give us a call on eight hundred and eighty ten
eighty and the first thing we're going to get and
we're going to have a chat about, is you've heard
the expression of buyers mark and the you know, there's
(02:07):
I saw a headline saying it's a buyer's market that
refuses to end. And I guess the simple question is,
if this isn't the time to buy, then what are
you waiting for? Are you waiting for a little bit
more sagginess in the market so you can put an
offer on a house, or maybe you're thinking, look, I
just want another ten thousand bucks of a deposit, and
I'm working my butt off to try and save that money.
(02:29):
Because I remember there was a time when I was
thinking and thinking and thinking about buying, and they didn't
seem to be an enormous hurry, so I just kept
on trying to build up a deposit and then keep
on building. And of course as that and then the
market started to take off, so my saving rate was
not going to keep up with where the market was going. Luckily,
I made a very smart decision and got married and
(02:51):
we were having a baby, and we thought we'd better
find a place. And that was why I bought, because
I finally thought, you know, my wife was like, look,
we've really got to think about buying a place, and
we bought our flat. As I've told you a million times,
so yes, repeating myself, that was my motivation. Otherwise I
don't know when we would have We would have just
gone our markets, you know, cruisy. Anyway, that's sort of
(03:13):
the question what are you waiting for? And actually what
was the motivation that made you actually go it's time
to buy? Was it the need for home? Was it
the need for you know, you were terrified of missing out?
Because right now it doesn't seem people are terrified anyway.
We like to get the best people. And on the
show and here he is. He's from Harcourt's Cooper and Co.
(03:35):
I think is the name of the company, and it's
Martin Cooper name. The name on the shingle out the front, Martin,
How are you great?
Speaker 4 (03:43):
Yeah, I just a great celebration. Watched the Warriors win
last night, so that was good. I don't know if
Bill blame.
Speaker 2 (03:52):
I'm not a league man, but I Panthers Panthers and
we beat the Pants.
Speaker 4 (03:55):
Well they were they were.
Speaker 2 (03:57):
That's a good one.
Speaker 4 (03:57):
They were number one.
Speaker 2 (03:58):
That's a really good win.
Speaker 4 (03:59):
It was a great win.
Speaker 2 (04:01):
So what do you mean you.
Speaker 4 (04:01):
Watched it last night out of the ground early atmosph.
Speaker 2 (04:05):
What was the atmosphere like? Amazing?
Speaker 4 (04:06):
It's so exciting. It's just fantastic. I had a mate
with me when he didn't look like he was a supporter,
so we went into the fan zone and bought the
Warriors scarf for him. And the retail spending the fan
base is fantastic, so it was a good event. I've
got to go.
Speaker 2 (04:25):
I once got invited to the league by the Mad
Butcher because he used to invite people from different places,
and I can't remember when I've met him a few
times through the music side of things, and then it's
through his zend be and he said I will arrange
your ticket sort of thing, and and went and it
was it was great had a great time.
Speaker 4 (04:40):
That Mad Butcher. Like the amount of stuff he's done
for the community and support and at charity auctions he'd
always offer money to buy stuff. And at that ground
there's a whole room. It's like a museum to all
of the collectibles in that room.
Speaker 2 (04:55):
Yeah, yeah, it's phenomenal. Hey, oh, by the way, you
were at some other event. Have you been at some
business You were just chatting off aboutland.
Speaker 4 (05:06):
Auckland Business Hall of Fame. It's it's just such a
stunning event. New Zealand entrepreneurs that are recognized for their
business success in the interviewed and they tell their story.
So Dame Gerald Jordane Mayo was there, great corporate Gerald, Yeah,
Camilla Fisher.
Speaker 2 (05:27):
You weren't getting an awards yourself.
Speaker 4 (05:30):
Well, when you're sitting there, it does think I could
do a bit better.
Speaker 5 (05:33):
You know.
Speaker 4 (05:34):
It's an aspirational environment because there's so many top achievers there.
So but and they tell their story where they started
their business and so it's completely uplifting and the success
based here in New Zealand. It makes you proud and
it's vital to have strong business to have a strong country,
(05:56):
strong economy. So it's good. Good to see what those
people can do.
Speaker 2 (05:59):
Good stuff. Haven't you won any awards yourself on the
real estate side of things?
Speaker 4 (06:04):
Are going to we award ourselves a lot. I think
real estate people, did.
Speaker 2 (06:09):
You give yourself an award?
Speaker 1 (06:10):
Well?
Speaker 4 (06:11):
Today there's so much real estate. I won this award
and that award, But the beast award of the customer
satisfaction ones, aren't they When you do a good job
for your customers.
Speaker 2 (06:21):
Actually the best rewards that they come back on the
door next time they want to sit there properly. Hey up, now,
buyer's market. Look, we had we'd Brian on last week
from hard Courts and we've chatting about buyer's market. And
you know, there has been a while where people have
thought it's a buyer's market and as if it's bad
(06:42):
news for real estate agents. But you guys just like
an active market, don't you. I mean that you just
want people buying and selling. But it is seems like
it's people. People are not rushing. If it's still a
buyer's market, then no one's panicking at the moment, are they?
What do they're not?
Speaker 4 (06:55):
They're not panicking. There's there's plenty of stock. You know,
if you're called stock, plenty of houses for sale, you know,
the volumes. There's not a great deal of competition, but
it's quite a powerful business story now to be looking
if you're in a position to buy a property, to
act now to get into the market. I was just
looking at the data on Auckland property. Yeah, and if
(07:16):
we go back to the boom, the peak after the
COVID lockdown, the average price of a home sale in
Auckland's one point three million. So over the last five
years we've been going through a correction. So the average
price now is just under a million. Wow, that average
It is a medium, you know, so it's quite a
substantial reduction. So it makes the point that I don't
(07:38):
see them going down any further. I think the next
move will be back up again. So if it's economically
viable to buy now, Yeah.
Speaker 2 (07:47):
The people do you think people who are thinking of buying?
I mean, because the mortgage numbers are the amount of
new lending, I think the mortgage numbers are down, which
means not so even though the biggest participants in the
market I gather are probably still first time buyers, so
they are a significant chunk of it. But I think
the story is that the mortgage lending's down a bit,
(08:08):
so the activity it's it's certainly there's a bit of sag,
there isn't that.
Speaker 4 (08:12):
Well, I just in light of speaking to you, I
just checked out the mortgage numbers, so they are up.
You know, if you look at the last six months
of lending New Zealanders of borriedal of people buying, forty
seven zero point five billion dollars worth of mortgage has
gone out and that's up about three billion on the
(08:33):
corresponding six months for the for the previous year. And
twenty percent of that market's going to the first home buyers, yeah,
twenty percent to investors and the balance of just people
trading up or were moving to a more suitable home.
So it's it is a reasonably active market. Finance is
easily available. The official cash rate's still at two point
(08:56):
five percent, so interest rates aren't extreme, they're affordable.
Speaker 2 (09:00):
Yeah. I think I was looking at the headline. There
was something when it came out from Caatality, which was
say mortgage They say mortgage lending has lost significant momentum
with growth. Okay, growth is dipping near zero. So well, yeah,
so in other words, it would have been a time
what would have been growing because a lot of you know,
the first time buyers, they are the ones who are
borrowing the most. I guess aren't they Actually, I just
(09:23):
made an assumption there. I'm not sure if that'll be wrong.
Speaker 4 (09:25):
No, that's the fuel. It's like the energy in the market,
the first time buyers, and they compete with the investors
because they're a lower price point. So when the first
home buyers are active in buying and the investors are
active and buying, that allows people to sell their first
home and trade up to their second one. And it's
sort of like the firewood that keeps the property market going.
Speaker 2 (09:49):
So the you know that when there isn't the panic
to buy, and we'll go to a cause in just
a moment. By the way, I one hundred and eighty
ten eighty. I've just got someone holding there, just to
let you know. Rob will be with you know tech,
what do you remember the impetus you when you first
bought your first house, Because I think that's probably the hardest,
(10:09):
the biggest decision where there's the most inertia is that
first purchase because once you've done it once, it's like
Oh wow, it feels maybe not so mysterious to do
it again. Do you remember what your motivation was to
finally go right? I mean you were probably sixteen, I guess.
Speaker 4 (10:25):
I was twenty two when I bought my first house,
and I had a home ownership account that I'd been
saving my money in the government. But like the Keipi saver,
they gave you a bit of money if you had
a home ownership account way back last century. And I
just I couldn't figure out if I could buy house
instead of renting one, I might as well get in
a purchase.
Speaker 2 (10:45):
Was it a casual decision that you just sort of
thought I could pay rent or oh maybe I should
buy something.
Speaker 4 (10:50):
I just had a burning focus. I had a property ownership.
I just thought it was a normal way to go.
But hey, look I've got friends. I've got one friend
who rents a beautiful waterfront property and he has commercial investments,
so he gets the money off his investment properties to
(11:10):
pay rent. He doesn't actually own a property, and he
scoffs at me. He says, oh, see those lawns. I
didn't have to know those because the landlard takes care
of it. He doesn't have to pay any rates or
insurance or maintenance, but just rent. He's still going to
pay the rent.
Speaker 2 (11:25):
You make it sound like he's not paying any insurance,
he's not paying any of this. I'm like, I'd like
to know what the rent figure is. It's probably not
you know, he's probably not paying four or five but
eight bucks a week.
Speaker 4 (11:35):
No, it's a bit more than that. But you know,
the interesting thing is the talk about your readers store.
It's a buyer's market. Well, it's only for all of
you out there. It's only a buyer's market if you buy,
because the thing is always.
Speaker 2 (11:48):
Hadded, prepared earlier. It sounds like, it sounds like it
makes sense, but what does it mean.
Speaker 4 (11:53):
Well, it simply means that people say, oh, it's a
buyer's market, and you know, it's a good time. But
if you don't take.
Speaker 2 (11:58):
Action, it's an it's a non part.
Speaker 4 (12:01):
Market if you if you participate, So it's.
Speaker 2 (12:03):
A non participants market for non participants if you're not participating.
But we could chase them.
Speaker 4 (12:08):
Well, how many times in life have you said you're
with friends saying oh, I was going to do that,
I was going to buy that share, I was going
to buy one of those and you know the gun
the things we were going to do and we didn't do.
So at the moment, it is a good time to
get into the market because we've got good supply of stock,
reasonably low cost interest rates compared to recent history, and
(12:35):
if you can afford it, you should be getting out
and getting amongst it. And the big thing is you
never know when the bottom is. Because I thought the
bottom was about two years ago.
Speaker 2 (12:44):
You know, Well that's that's the that's the trap, because
it's gone lower since then. And does that feed people
who are thinking, oh, you know it's.
Speaker 4 (12:53):
Still well, that's the thing. You hold back and think, oh,
it's going to go lower, and it doesn't, and it
takes off. And by the time it takes off, you
have missed the opportunity, you know what I mean.
Speaker 2 (13:02):
I don't know how many people. I mean, obviously some
people do have the fortune to buy at the bottom,
but they didn't know when they did it. They just
looked back and I bought at the bottom.
Speaker 4 (13:10):
Yeah, So that then they expressed what a genius they were.
If they're good frenzyers and they like to banter with you.
But there's the other person in life that says, I've
never ever bought a property at the right time. You know,
I'm selling when it's an all time low, and I
seem to buy when it's an all time high. So
but if you if you're of a long time, it
doesn't matter that much over ten years.
Speaker 2 (13:30):
Right, we'd love to hear from you, because there is
such a thing as inertia, when you know, people just
sort of think. And as I described my own inertia,
that it took me forever until I just had to
buy something. But what was the what was the motivation
that made you think, right, Okay, the market's a bit soft,
I should buy, I should buy, I'm saving, I'm gonna buy.
What was it that actually got you to There's some
(13:52):
very crude expressions around finally getting in there, which you
won't use. But what made you finally go right, I'm
going to do it, and you did it? One hunden
eighty twenty past four. Let's go to Rob.
Speaker 6 (14:06):
Gooday, Hi, I'll make sure on the contrast of what
your previous.
Speaker 2 (14:13):
Say. That's Martin. He's my guest for the whole hour.
Oh yeah, he's not just my previous.
Speaker 6 (14:20):
I thought he was very Yeah, he had a lot
of expertise.
Speaker 2 (14:24):
Oh he is. He's here because he's Martin Cooper from Harcourts,
Cooper and co.
Speaker 6 (14:28):
Oh yeah yeah, yeah, yeah, well yeah, I'm just saying
we had to buy a house, me and my ex,
my ex wife, young kids, and we were pretty much
kicked out of our well, the property that we're renting. Yeah,
(14:52):
his marriage he divorced. His marriage got a divorce, and
he pretty much lasked we had forty two days.
Speaker 2 (15:01):
The landlord was getting divorced, and so he gave you
notice to move out, and you were like, what do
we do?
Speaker 6 (15:06):
Yeah, yeah, it was really he just came and taught
us in person. But we were like, oh no, I was.
But then it was key we Save, which saved her
back sidse.
Speaker 2 (15:17):
Okay, so that was when you the policy that you
can withdraw your he we saver for a deposit faerhouse.
Speaker 6 (15:23):
Yeah yeah, yeah, so and yeah, so we had I know,
sixty grand yeah between us and I was about twenty
almost thirty.
Speaker 2 (15:38):
Actually, I think how many years ago is this right?
Speaker 6 (15:41):
Twenty eighteen? So I was twenty nine.
Speaker 2 (15:43):
Oh it's not that long. That's only a handful of
years ago.
Speaker 6 (15:47):
Eight years and you had a brand new baby as well,
and my father, my dad, my mum and dad paid
off our credit cards. So we're lucky, lucky.
Speaker 2 (16:00):
Do you consider yourself lucky that you got given to
bay your landlord, because otherwise you would have just continued
to rent. Yeah.
Speaker 6 (16:09):
Yeah, it was kind of like the ambetuss to buy
because we never even thought about it because we thought
it was never going to happen.
Speaker 4 (16:19):
Isn't it amazing? Like there's always a silver lining rob
like that poor couple divorced, the relationship didn't work out
and they move into the house. That triggers you to
buy your own place, and that now you've got a
place for the rent as long as you want and
you're in control of it. It's fantastic.
Speaker 6 (16:37):
Yeah, I've still got it now and it's gone up
where we paid four hundred thousand for it in twenty eighteen,
that's worth like six hundred now.
Speaker 2 (16:46):
You're what's tali on.
Speaker 6 (16:49):
Hasting?
Speaker 4 (16:51):
Yeah, that's fantastic. And every money, every bit of money
you pay into that, it's to pay off. If you've
still got a mortgage, you're paying off the debt ands
just just paying the rent.
Speaker 6 (17:00):
I would tell people, I would tell people in their
twenties just just try and buy one. Otherwise you're just
going to be paying rents for ever.
Speaker 2 (17:08):
Yeah, we'll got on your Rob. Actually, I think there'd
be quite a few people who think you, I really
appreciate your call. That'd be quite a common story in
a way that events force the decision rather than because
I think you know, when our lives we get used
to you just get used to the status quo. And
you know, buying a house is a big change to
your status quo, isn't it. Yeah.
Speaker 4 (17:29):
There's a lot of triggers in life, and fascinating even
in older life, milestone moments you know, you're having a baby,
it's time to change your lifestyle and get a home
and provide a place to bring up your children, or
all of these things that trigger you into action. But
(17:50):
that was a good one for Rob. Someone divorces wants
their house back and he thinks, hell and good on
Rob having the key we saver and his wife.
Speaker 2 (17:58):
Yeah, because there's been a lot of people, I mean,
there has been a lot of discussion and there are
some people, especially economists in particular, who are opposed to
people withdrawing their savings because you know, it's we should
be prioritizing retirement savings and all that sort of thing.
But if you if you're not able to draw them
for a house, you know, try paying for a retirement.
Try paying your rent while you're in retirement.
Speaker 4 (18:19):
Yeah, I think, Okay, some people make a mistake. And
this is my older person's advice, is you're cashing your
key WE saver to buy the house and you think,
oh god, I've got a mortgage now, and you stop
paying at your KEYI saver, you know, because you're stretched,
and then all your money and your vestments in your house.
But if you can keep that keep we saver going
(18:42):
just a small amount over all the years ahead, your
house theoretically should go up on value, so and you
pay that off over time, but you still keep your
saving going, even though you take a big hit because
you take all your money out to put into the
deposit for the house. As long as you keep going
with the savings, it's incredible because when you get older,
(19:02):
the accumulative totally. It may because you were lucky, you've
got a bit of a runway. But i'd love to
are you are you maxing out paying into your KEYWI
saver as a broadcaster to the nation. Are you being
a role model?
Speaker 2 (19:16):
No, I'm not. I'm self employed.
Speaker 4 (19:18):
I'm very You've still got to pay into it.
Speaker 2 (19:21):
Luckily, funny enough, I only had that. I'm not sure
I want to give away too much, but I had.
I had a conversation with a wife we've nearby talked
about because she puts aside money and she'd recently up
to her contributions. And I suddenly thought, you're doing enough.
Speaker 4 (19:36):
I could be a sales rep for Kiwi Saver. It
is the best thing. And you your runway. You're still
a young man. It's not too late. And Colonel Sanders
start a McDonald's when he was fifty five. Yeah, so
for you, you can still have a great reshirement.
Speaker 2 (19:53):
I should open a bakery or something. I've always wanted
to do that. Funny enough, I always wanted to do that.
Speaker 4 (19:57):
Yeah, and a breakery.
Speaker 2 (20:04):
Actually he's here, he's actually here with us. Is we've
got a helper in the studio, his grandson. Because it's
going to say that's not just a dad joke, that's
a granddad joke.
Speaker 4 (20:12):
Well, I tell you what I was weird a bakery
for sale. We've got a business broker and bad accident there.
Last week electrician came round, the power was out and
unfortunately he got electrocuted on the site. Wasn't good?
Speaker 2 (20:26):
Oh my god, Yeah, it's terrible. I thought you were
starting to tell me a bad joke.
Speaker 4 (20:29):
No, no, no, no, it's terrible. He's stood on a current.
Bun Oh.
Speaker 2 (20:35):
God, okay, put us out of our misery. What was
you know? It's a it's a soft market. There's not
the urgency that there has been. So what is motivating
and what did motivate your decision to get into property,
Because briefly, I would just say, succumbing to the status
choir of your life is the reason people never do anything.
So what was it that made you decide I've got
(20:56):
to change something I eight hundred eighty ten eighty text
nine two ninety two. Well avoid the dad jokes. Martin
has permission to tell a few, but not you. If
you call it an I eight hundred eighty and eight,
that would be a dangerous move, wouldn't it? For the
for the property?
Speaker 4 (21:09):
An hour of day.
Speaker 2 (21:10):
No, we're not doing that. That's we'd be back in
just a moment. It's twenty seven past four. News Talks
HEB News Talks hid B. I'm Tim Bevers. This is
the one who've radio shown with Martin Cooper from Harpacurtz,
Cooper and co. What was you know? It's it. It
seems like a good time to buy, but people are
not so energized in terms of urgency. What motivated you
(21:31):
to finally make your decision to get into the market
or to buy your second or third or whatever. I
W eight hundred eighty ten I eight one hundred eighty
ten eight tarmity.
Speaker 7 (21:40):
Good A Hey, how's it going, gentlemen?
Speaker 2 (21:42):
Good?
Speaker 7 (21:43):
Good, good god. I'm actually that person who's actually staw
something on the fence of looking to buy as a
first home buyer. What I've been doing is, I've actually
been watching the Reserve Bank over the past three years,
and I'm always thinking, because I have saved a certain
essential amount, I'm thinking because of there is how the
OS hasn't going down lately, interesting things are doing that
(22:05):
I've been thinking. I'll watch it until it goes down
and downs lowers you can go, and then when it
starts to hike, then I will jump.
Speaker 2 (22:11):
Okay, well, sounds like you must be Have you been
looking at houses?
Speaker 7 (22:16):
Yes?
Speaker 2 (22:16):
I have.
Speaker 7 (22:17):
I have a friend who works in real estate. I've
actually been sending him a number of bunch of listings
over the past six months, and he gives me his
honest opinions about them, or he'll tell me it may
be in price range, maybe not things like that. But
going forward, I've decided to make the effort and reach
out to a broker over the next couple of months,
now that I know there's been speculation of the OCR
(22:37):
hiking up next month.
Speaker 2 (22:39):
Oh okay, now you don't have to tell us the amount,
but do you roughly how much of how much equity
are you going to be putting down and a deposit
in terms of relating to the spand are you going
to have twenty fifteen?
Speaker 7 (22:52):
Probably the fifteen to twenty because I did get a
little examined verbal approval from our own banking specialist last year,
and then as I was looking at the open homes
that were outside of the range, I thought, I'll saved
us a little bit more and up to the savings
and this time reach up to a broker instead of
my own banking specialists. Okay, brokers can always bug in
and tell me what this offer offer.
Speaker 2 (23:14):
I'm guessing you've also called because you're waiting for Martin
to give you the inspiration and the encouragement for some
more momentum. So Martin, let's go, Martin, what do you reckon?
Message for Tammody?
Speaker 4 (23:25):
Tummody, it's time to dive in, to go for it.
You're all set up, you've got your deposit, and you've
got to get out and get shopping and get into
a property because, yeah, things, things might go along. We've
got an election coming, so that always with an election
is uncertainty. The politicians are saying everything's terrible because they're
(23:46):
all criticizing each other. But after the election, I think
we've been waiting for a long time for the market
to wake up and get a bit more energy about it.
And the thing is, once it gets momentum and gets
energy and everyone feels positive, then you've got more competition.
The prices do lift and you have to pay a
bit more. So your timing is perfect now and I
(24:10):
would get busy and get shopping and you're looking at
buying a place for the next ten years. You've got
the money, it's affordable. Are you paying rent at the moment?
Speaker 7 (24:20):
Just look like a board. I'm still looking at home
with family, but they have been helping me save during
this journey as well.
Speaker 2 (24:26):
Yeah, that's excellent because you It was interesting from my
point of view listening to you, and you used the
word months quite a few times. You know, you've been
doing such and such for six months. You're going to
talk to broken the next couple of months, and I
would just my guess is, I don't know if Martin
has an observation on this, but that still sounds like
you're you're stretching it out a bit. But do you
(24:50):
do you want some more encouragement from us?
Speaker 7 (24:54):
Not exactly, because this is like stepping points. And also
because I had a friend I telling you about. He
was telling me he's he's list of the place, and
he's been giving me up the motivation to reach up
to the broker and has already given me a couple
of lists of brokers to reach up to already.
Speaker 2 (25:08):
Yeah, I see. My take would be, and it's not
specific advice, of course, but I think the most powerful
tool you can do for the next step is to
get that approval and know exactly what you can spend.
Because you haven't got that yet. That would be sounds
like you should.
Speaker 7 (25:22):
Just examine ideally last year. But I've saved more in
the past ten months since that discussion last year.
Speaker 2 (25:26):
Awesome, man, Look what do you reckon? I mean my
advice is first, get that mortgage of approval. Just get
that under your belt. When you say Martin, yeah.
Speaker 4 (25:34):
Talk to talk to a broker and say, here's my finances.
See the maximum that you can purchase, and you can
get in find a property, you can go into the
fixed interest. You know, there's five year rates of just
over five percent, so you can. You can know the future,
you know how much. So, but it is a matter
of starting. You should be thinking in days, minutes, hours,
(25:57):
not months.
Speaker 2 (26:01):
Mate. There'll be a lot of people like you, and
I think that I'm really appreciate you can. It's a
call to share that.
Speaker 7 (26:06):
Yes, and and I've even given a hard time already
buy close friends and college at work already.
Speaker 2 (26:11):
Well, I think that the easy thing is getting that
approval in terms of it's an easy decision to make,
to just get cracking with that, and then all of
a sudden your momentums away. Wouldn't you say, yeah, good
on you mate, thanks for sharing that, and hey, let
us know if you if you if Tarmody calls up,
let us know if you when you're buy, we'll start
the clock.
Speaker 4 (26:30):
We'll celebrate.
Speaker 2 (26:33):
All of this. So yeah, I mean that's a very
common sort of story, isn't it. You know I'm doing
this and I just heard the word months a few
too many times and I thought, he is. There's a
little bit.
Speaker 4 (26:45):
Of well I do it around fitness and how many
people are out there. The things we're going to do
about going on a diet and starting exercise, Well you
apply that to your business life, the same thing I'm
going I'm going to get buy a house. And hey, Tarmody,
if you're still listening, if you wait, we could be
in six months time after the election where you think
I should it that I got into it quicker because
(27:07):
if everyone comes back in then there's more competition. You've
got to pay a high price and so and.
Speaker 2 (27:13):
At the moment, he doesn't have to panic, he's just
got to make some few simple decisions. It cracking.
Speaker 4 (27:17):
Yeah, just set a goal, set a deadline. And if
you're living with family, have a talk to them. They
probably love you, but they'd like you to be a visitor,
not a permanent resident.
Speaker 2 (27:27):
Anyway, great call, Tommity, thanks for sharing that with us.
Daniel High, Yeah, how are you good? Good?
Speaker 5 (27:35):
I want to throw a spender in the works here
for you boys to think about.
Speaker 7 (27:39):
Okay, twenty years.
Speaker 5 (27:42):
Ago, I came in, I was made redundant, and I
took my money and people said, oh, well, it's time
not to look for a job and start looking for
another job and look for buying a house, and I said, Noah.
Took some advice from a couple of you know, from
(28:02):
the business people that I was dealing with, and they said,
invest in businesses, Like I said, okay, kind of long
story short. I invested in multiple businesses and still do.
We're in the process now building our dream home cash
(28:22):
free as a result of dividends and shiholded dividends and
so forth over the vast sort of ten fifteen years,
I suppose. And I've still got investments in three businesses
and one of them makes you work and grab a
good salary. So and the people that were telling me
(28:42):
to buy a house back in the day, that's still
paying their twenty five thirty year mortgages. No, they haven't
moved forward, you know what I mean.
Speaker 2 (28:51):
I don't think it's a spander. I don't think it's
a spanier in the works, Daniel. I think so you've
just invested your money in a different way. I'll hand
over to Martin and you guys can have a banter.
Speaker 4 (29:00):
Yeah, good on you, Daniel. And it's just not everyone's
cup of tea to be that's small. Property is a
safer bet because you get to live in it, you
see it, you touch it, and you know it's yours.
Whereas a business, not everybody's as enthusiastical or entrepreneurial as
you've been to get into a business. But hey, I
(29:20):
think as long as you're making steps to create wealth
to look after yourself and your family, you can do
it through property, and you can certainly do it through business.
So good on you. And look at the outcome. You've
used your money wisely and now it's delivering for you
and your family, so good on you.
Speaker 5 (29:39):
Advice that you the same advice that you give it
to Brocus, you should also give the same advice to
people to talk to business focus and tell them what
are the options because there's lots of there's lots of
startup businesses out there, guys that are looking for small investors.
And it doesn't take a hello, a lot of time
as long as you do your due diligence. You just
grow from there and monitor it and do you know
(30:02):
what I mean.
Speaker 2 (30:03):
Us, Yeah, that's good on you. And as I said,
I don't think that's a spanner on the works. It's
just a different degree of difficulty at which some people
are either comfortable or not. And Daniel has obviously got
that appetite from maybe a bit more risk perhaps.
Speaker 4 (30:15):
Yeah, yeah, good on Daniel, and building a luxury home
with your own efforts fully commend it just a pathway
to getting your own place.
Speaker 2 (30:25):
Yeah, good call mate, because ultimately he's getting his own
place now, so it's still ending up with the same
sort of punchline. It's differently getting in it is.
Speaker 8 (30:37):
Well.
Speaker 2 (30:37):
Funnily enough, I can slightly counter that because we bought
our first home fifteen years ago when he bought into property,
and we've just about we're not far from paying off
our mortgage. So getting in at the right time and
also investing in your own house can work out quite
well from that point of view as well. Although I
imagine he's got a bit more income on he still generating,
but have income out of his investments.
Speaker 4 (30:58):
But if you focus in on paying down the debt
on your property, you know, you go to fort, you
talk to a broker or talk to how do I
get through this quickly? More quickly? And you know, if
the interest rates duck down, you just keep the payments
the same because and more's going to principle.
Speaker 2 (31:13):
Yeah, right, Well, we'll be back in a moment. Just
to quick break, it's twenty to five News Talk ZEDB
News Talk z B eight hundred eighty ten eighty. What
was the motivation for you to get into the market.
We're talking about that given us a buyer market, there's
a bit of slack activity in there. So yeah, Renee, Hello.
Speaker 8 (31:31):
Yeah, evening, How are we guys?
Speaker 2 (31:33):
Good and good? A? Is it Renee or Renee?
Speaker 8 (31:36):
Renee?
Speaker 2 (31:37):
Okay? You're with You're with Martin? Would you like to
say all right?
Speaker 8 (31:42):
Sorry, I wanted to listen to the last couple of callers.
I've just tuned in. I'm a year out of a relationship.
She's brought me out of the house, and I've had
money and all that. I'm fifty, so I've got about
seventy to eighty K to play with. I'm just wondering
with my age, is that enough of a deposit for
(32:05):
me to get my own place? And yeah, yeah.
Speaker 4 (32:10):
Well well that is a small amount of deposit, but
it depends what market, what part of the country, because
they're all different markets. Auckland, christ Church, Wellington.
Speaker 8 (32:22):
Christ I'm in christ Church and I'm looking at us.
I'm wanting to get a house on a not a
big set of land, and I don't just a three
bedroom house so I've got my kids and it's just
to see in the weekends and that sort of stuff.
And it's basically I don't want to rent because I
feel that if I rent, I'm never going to get
(32:43):
my own place. And my goal is to get my
own place. At the moment, I'm living in a cabin
on my mother's front lawn, so I can. So I've
got no bills, so I can. I'm looking at hopefully
in a year's time to build up on that money.
I've got to have a decent I've worked out that
I should have about one hundred and twenty odd K
to play with within a year's time to get for
(33:04):
a house.
Speaker 2 (33:05):
So that's one hundred and twenty on a medium price,
and christ it's what's seven eight hundred thousand dollars.
Speaker 8 (33:10):
Yeah, I've been keeping a night Yeah, six hundred, roughly
between six and seven for what I'm looking at. I'm
not looking at anything flash, just basically a three bedroom
something that's tidy. But yeah, looking I think around the
five to seven hundred range. I've been looking on training
and just keeping my eyes open and seeing what's out
there for what I know the prices are going to
go up in a year's time. But I was just
(33:33):
thinking and just a bit of advice for my age
and stuff like that. What a bank look at me?
Speaker 4 (33:40):
Yeah they will. You're fifty, You've still got a good
span ahead of time to work, get an income, pay
down the mortgage.
Speaker 8 (33:48):
So I've work two jobs as well, So I've got
a Monday to Friday job and I'll reach on the weekends.
So I'm seven days a week the only days I'll
get off of the stats.
Speaker 4 (33:56):
Yeah, good on you. You're making a good journey to
bounce back and get your own property. So what you
need to do you have a banker or a mortgage
broker or anybody.
Speaker 8 (34:10):
That haven't even looked at it.
Speaker 4 (34:12):
Okay, So just what I'd recommend is you just go
on and interview a few people and they'll give you
the advice you can just brokers. Yeah, my mortgage broker
is a good person. Just they're they're all certified, so
and just ringing them and asking for advice and just say, right,
this is my current income, this is my age, this
(34:33):
is my deposit now, and they will do an assessment
on you and so you can go out and buy
a house right today. It might be for four hundred
and eighty thousand. You know, they'll say based on your income,
what you can pay back and what your deposit is.
They'll give you the target and they'll also give you
the pathway to say the houses you want to buy
currently about five point fifty you know, to have a
nice three bedroom so the kid's family can stay. So
(34:54):
that's your target. And then they say you will need
to get your income up a little bit, You'll need
to get your deposit up a little bit, and you
know what you're aiming for. That'll be your first step,
get see what your targeted.
Speaker 8 (35:07):
Any mortgage brokers.
Speaker 4 (35:08):
Anybody, just if you like the look of them, you
out and talk to them. You sound they sound like that,
you trust them.
Speaker 2 (35:13):
Just just tell around. Yeah, just get on, just just
talk to people.
Speaker 8 (35:20):
I've been out of the game for a long time.
Is there a charge for that.
Speaker 4 (35:22):
No, it's free service. Yeah. Just they'll they'll they'll make
their money from the bank when you loan the money
off them. But to get you as a client, to
win you as a client, they'll give you that. That's
free advice. And their fee only comes when you transact
and the bank pays their fee, so it's you do indirectly.
But it's not an add on cost to you. It's
a free service.
Speaker 8 (35:43):
Okay. So if I give them a buzz this week,
come in and to say, look, I'm looking in a
year's time, but this is what I'm looking at. They'll
still help me and all that.
Speaker 4 (35:50):
Absolutely.
Speaker 2 (35:51):
Just they want your business. Yeah, they'd love to. They
want to help you. And from the mortgage brokers we've
had on this show, they want to help you, mate,
So get in there.
Speaker 7 (36:00):
Yeah.
Speaker 4 (36:00):
And hey, but also, just are you outdating again?
Speaker 8 (36:05):
No?
Speaker 4 (36:06):
No, no, we don't rush into it because you're just recharging.
But make sure you just interview wealthy women that will
help the cause going forward.
Speaker 8 (36:17):
That would be a bonus.
Speaker 2 (36:19):
It would be best wish, is right? All the best
for that, but we'll come back with more calls in
just a moment. It's twelve minutes to five. Yes, news talks.
It'll be Tim Beverage with Martin Cooper from Hardcourts, Cooper
and Co. But you know, getting getting committed and taking
a step to buying your house some great cause there,
thanks for the people are called so far lucky last Miriam.
Speaker 9 (36:40):
Hello here you going good?
Speaker 4 (36:43):
Thanks good, Thanks.
Speaker 9 (36:47):
So I've just brought a half brior years ago, Sarah
yourself well the house, but I was Bush that wants
(37:07):
to self there and then I went cooking and I've
paid my face fan first three months and it was
always the help of course of can we save us.
Speaker 4 (37:21):
Yeah, it's a good story, merriam. And you're enjoying the
new houses your own place again, Yeah.
Speaker 9 (37:27):
Definitely a lot warmer than the rentals that we're in
and a lot easier for up.
Speaker 4 (37:35):
Great, well, good on you.
Speaker 9 (37:36):
And cut a lot more on the old property every
report night.
Speaker 4 (37:40):
But yes, that's the joy of owning well, plus the
key we saver paid off and hey we've just got
to do property of the property of the week, merriam.
And if you have a look at this one, we
might have your next home.
Speaker 2 (37:56):
Hey, thanks for your call, Mariam. Sorry, we do have
to knock it on the head there because it is time.
Speaker 1 (38:00):
For the one roof property of the week on the
Weekend Collective and the.
Speaker 2 (38:07):
One root property of the week. Look at it. It's
in that sort of ballpark of being the one that
you you'd love to love to get it if you
won the lotto possibly although anyway, it's Queenstown Lakes Clothes
burn in Queenstown Lakes At The address is nineteen Bayswater Lane,
and I got to say it's it's a property that
(38:27):
is after my own heart because it's I do love Queenstown.
But it's beautifully designed, it's got this. It's in an
exclusive enclave above Wilson Bay and it's described as an
exceptional residence with breathtaking views across lake across Lake Walker,
Tippoo the surrounding mountains, minutes from Queenstown. And I've got
to say it really is quite something if you and
(38:48):
I always say, even if you can't afford this sort
of stuff, it's like having a holiday. You go on
and have a look, you look at look at a
few ideas. What do you Martin, what do you what
do you think of the property?
Speaker 4 (38:59):
Well, that the view is the hero of this property.
It's just stunning. And if you you know, it'll be
a higher price point. The reserve the sort of the
rateable value three three point six miles, so it'd be
somewhere around or over that.
Speaker 2 (39:14):
But probably over that given its Queenstown.
Speaker 4 (39:17):
Yeah possibly, But didn't you say in this whole price
a buyer's market.
Speaker 2 (39:22):
I don't know if it's a bass market in Queenstown, but.
Speaker 4 (39:25):
No, Queenstown's running hot. That's got the foreign buyers, overseas
buyers able to purchase now, so they're really it's its
own climate in Queenstown. But hey, that this property's got
the privacy and isolation of having that you're still close
to the city. Real livable home, spectacular and you get
(39:46):
online in one roof and have a look and aspirational
type property this one. It could be a holiday house,
could be move the family down to Queenstown and just
you probably wouldn't want to go to work that much
looking at those windows at that view though, were.
Speaker 2 (39:59):
You don't really want to go to work a lot
in Queenstown anyway with the traffic apparently, but you know,
you could have a lovely time of you're stuck at home.
Speaker 4 (40:06):
Yeah we're from home. It'd be perfect.
Speaker 2 (40:09):
Anyway, go and check it out. The address again is
nineteen Bayswater Lane in Queenstown, and look, it's it's worth
it just to have a look at a great property.
And funny enough, the thing that attracts me as a
secondary look, I just love the look of the back
out and I don't know what it is. It's just
maybe it's just the beautiful blue scarf and a targo
sort of day and they've got a bit of a
(40:31):
barbecue at the back and a nice.
Speaker 4 (40:33):
S gardening fetish that you know, you just know.
Speaker 2 (40:36):
I like the idea of the outdoor hosting, you know,
just getting people around sitting outside, yeah freezing.
Speaker 4 (40:43):
Oh hey, put an outdoor fire put in here. You've
got a lot of things you could do outdoor entertainment.
Speaker 2 (40:49):
It doesn't look like it's got a spar pool there
that they haven't featured there just around the corner. Oh
there it is, yeah, sparpool as well. Oh god, have
a look at it. Nineteen Bayswater in Queenstown, Martin. Great
to have you, and I know I think you've You've
done a couple of our calls a real over. There
will be interesting to see where they go in their
journey in the next few months.
Speaker 4 (41:07):
Oh yeah, it's time to take action, get it and
do it. Cheers, thank you.
Speaker 2 (41:12):
Okay, we'll be back with the Parents Squad. Sheridan Katona
is with us from the parenting Place, talking about the
value of extra curricular activities, among other things we're going
to touch on with Sheridan and I mean, how much
is too much? But also parents who want to be
best friends with their kids. I suspect she's going to
tell us that's a mistake, but we'll find out. This
is News talksb OH eight hundred and eighty ten. Ay
(41:33):
with the Parent Squad is next.
Speaker 1 (41:38):
For more from the weekend collective, listen live to News
Talks EDB weekends from three pm, or follow the podcast
on iHeartRadio.
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