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Upper Hutt Leader : October 12th 2011
2 UPPER HUTT LEADER, OCTOBER 12, 2011 NEWS 2148529CC Talking Real Estate with Steve Slicker Hi folks, When media reports start talking about static or falling home prices, many homebuyers think that it's a good idea to watch the market and wait for it to reach the bottom. They feel that if they postpone their purchase long enough, they are likely to see prices fall further and snap up a 'real bargain' While bargains do exist, of course, for people who are in the right place at the right time, there are often more people who miss out by using this strategy than gain. Most homebuyers buy their family home and live in it for, on average, seven to ten years. And when we're looking at averages, the property market continues, in the big picture, to rise. Based on historical property cycles, property may undergo periods of static growth and periods of galloping growth, but on average, well-located, well-selected residential property doubles in value every ten years or so. Certainly, if we could always pick the lowest time to buy and the highest time to sell we would do very well indeed, but the only buyers who need worry about the immediate state of the market are the real estate speculators who wish to buy then sell again straight away, or those who a re too highly geared or who have entered into unrealistic amounts of debt. For everyone else, the chances of strong long-ter m capital gain are virtually assured, provided they buy well- selected property in well-selected locations. It's famously difficult to pick the 'bottom' of the ma rket. Often buyers who wait find themselves having little to choose from as listings get scarce -- and a sudden flurry of competition for the few desirable properties actually on the market for sale often causes them to sell for higher prices than expected, even in a market described as a difficult one for sellers. Buyers end up paying more than they bargained for if they keep on watching and waiting; because the 'flurries' they waited out were signalling an upturn in the market or the end of the halcyon days for buyers. Purchasers who wait too long for a 'bargain' or the 'lowest point of the market' often only realise that the lowest point has already been reached once they can look back on it with the 20/20 vision of hindsight. If you are thinking of selling your home please call me on the numbers below or contact me via email firstname.lastname@example.org alternately fill in your details on my website www.steveslicker.com Kind regards, Steve Slicker (04) 212 6787 0275 661 949 Advertorial 4 Goodshed Road Upper Hutt Chris Fouhy Phone/Fax 528 4070 email@example.com UH103840T All Mechanical Repairs All Makes & Models Warrant of Fitness (While you wait service available) Hours: 7am - 5.30pm Monday - Friday 8am - 12midday Saturday SINCE 1978 4062585AA Delivered to 21,740 Homes and Businesses throughout Upper Hutt, Stokes Valley, Manor Park and Haywards Cnr Pine Ave and Queen Street, Upper Hutt Ph 528 9654 Now available online at: www.uhleader.co.nz Our Top Ten Stories on: stuff.co.nz go to Newspapers/Upper Hutt Leader Order Photos online at: pix.ccn.co.nz The Upper Hutt Leader is published by Central Community Newspapers, a division of Fairfax New Zealand Ltd, and printed at 35 Bouverie St, Petone. The registered office of Fairfax New Zealand Ltd is 40 Boulcott St, Wellington MANAGER: Jenny Russell firstname.lastname@example.org DDI 527 2422 EDITOR: Rosemary McLennan email@example.com Ph: 528 9654 SPORTS EDITOR: ColIn Williams firstname.lastname@example.org DDI: 527 2427 NEWS: Jimmy Ness email@example.com DDI 527 2428 FOR ADVERTISING: Sandra McIver Advertising Consultant firstname.lastname@example.org DDI 527 2423 Rick Clapham Advertising Consultant email@example.com DDI 527 2424 CLASSIFIED ADVERTISING: Classified: firstname.lastname@example.org Ph: 528 9654 Fax: 528 3021 0800 844-888 www.wnc.co.nz Wellington Nannies College • 22 week courses • next starts 30 January 2012 • no course fee • NZQA Nat. Cert. • Live-in or live-out option, board provided if needed. Love kids? Would you like to be a nanny? Phone now for a FREE DVD about our course Wellington Nannies College provides a hands-on, entry-level early childhood education course which equips learners with the knowledge, skills and experience needed to obtain a job as a nanny in New Zealand or overseas. 4090450AA Priceless native bush in city hands Native delight: Phil Waddington has sold 22 hectares of native bush, known as Te Oranga Whenua, to Hutt City Council. Photo: NICHOLAS BOYACK One of the most ecologically valu- able blocks of native bush in the region is now in public hands. Owner Phil Waddington sold a 22-hectare block of land in Stokes Valley to Hutt City Council in July for $200,000. The land, known as Te Oranga Whenua, has a Queen Elizabeth Trust Covenant and was actively trapped by Mr Waddington for more than a decade. Mr Waddington is well known for the traps he has designed and the prototypes were developed on Te Oranga Whenua. As a result of the trapping, there are number of plant species that are found nowhere else in the city. The Wellington Botanical Society has taken a close interest in the land and lobbied the coun- cil to purchase it. Well-known society botanist Barbara Metcalfe wrote to the council noting the impressive number and range of native plants. [It is] significant because of its size, its diverse habitats, and the stature of the ecological health and diversity of its indigenous vegetation. As well as an extensive wetland, there are 47 native tree species, 39 ferns, seven native orchids and a well-benched walk- ing track, and she said the pest control has had a significant impact. The vine kieke, freycinetia banksi, is both flowering and fruiting in this forest, a very rare phenomenon in Wellington, because it is palatable to rats and possums. Mr Waddington, a Petone- based artist and designer of pest control traps, had to sell the land as a result of his marital status changing. The council is now moving to classify it as a scenic reserve. Reserves planner Kelly Cran- dle says council officers are really excited to have got such an important piece of land. It is a great strategic addition to the reserves of the city. We just can t believe our luck, it is a very precious piece of land. The city should be grateful that Mr Waddington preserved the land and was then willing to sell it to the council. The council plans to continue the pest control. A number of neighbours currently carry out pest control and the council will also be looking at how it can encourage and co-ordinate their efforts. There is an historic track within the block and once it is signposted and tidied up, it will be available for public use. Lower Hutt Forest and Bird chairman Russell Bell wrote to the council, supporting the highest possible reserve status in order to give it maximum protec- tion. A high protection classifi- cation is appropriate for this rare and impressive 22 hectare prop- erty, significant because of its size, its diverse habitats, and the stature, ecological health and diversity of its indigenous veg- etation. Neighbour Christina Johnson wrote to the council to support the land being classified as a res- erve. Her family are looking forward to the opportunity to enjoy the reserve and walk on the track when the upgrades are finished. Region has surplus Wellington Regional Council has recorded an operating surplus of almost $1 million for the first two months of the year ending August 31. It had budgeted a surplus of $167,000 for the period and the actual figure was $1,068,000. The major contributors were water catch- ment management and public transport, which all ran under budget. Environmental manage- ment and investment were the major costs that ran over budget. The council has adjusted its budget deficit forecast for the year ending June 30, 2012 down from $542,000 to $114,000.
October 5th 2011
October 19th 2011