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Commercial and development pricing explained
Working with development and commercial property funding, price is often an obstacle that I come up against. Many people have little understanding of how risk-based pricing works, and it can come as a bit of a shock when pricing is uncovered.
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Developers: know your target audience
As any developer will know, banks across New Zealand have dropped a couple of belt sizes in the recent years. They’ve moved rapidly from the binge eating of the 5 or so years between 2011 and 2016 straight onto the no-sugar diet. Let’s just hope it doesn’t lead to a sugar crash!
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Is now a good time to buy property in New Zealand?
When prices are going up, everyone seems happy to pay ever increasing prices and nobody questions whether or not it is a good time to buy. Conversely, when prices are falling everyone sits on the fence waiting for the market to pick up.
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