QV index shows residential lift continues, but indecision in market…..
Published 8 February 2010
In the residential sector, Quotable Value’s index – as distinct from median prices, which I believe don’t properly represent value changes – has risen again…. And the apartments sector is back in action, with a dozen properties auctioned by City Sales last week. I had the bare bones of the auction up on the website last week and have added detail over the weekend…..
The diaries are building up, and so is the U column, with 4 pages from Friday’s court list & the weekly coverage…..
While the moves towards a different for of Auckland governance continue – and the design guarantees it will still be messy – local planning also continues. Today I’ve noted the notification of 3 plan changes affecting communities in the Waitakeres, where the city council has begun the process of creating local plans for places like Oratia, trying to support the heritage as well as new economic life…..
Ivan Erceg’s bankruptcy last week crystallises a number of debts to financiers and also for people in the international big-boat community trading with him & his company, Sensation Yachts (which is in liquidation). Dorchester Pacific has brought attention to just one of those debts, with an extra $1 million provision….
Macquarie CountryWide reported its valuation update on Friday, showing its New Zealand supermarket portfolio is ahead of those in Australia, the US & Europe at the moment…. One part of the Brookfield empire also reported on Friday – Brookfield Properties Corp, owner of a large portfolio of major North American commercial buildings. I haven’t written about that one – the piece that has an effect down here is Brookfield Asset Management, owner of $US95 billion of assets, including the ex-Multiplex businesses in Australia & its NZ investment portfolio (and that includes the new Deloittes building on Queen St), which reports its results on Friday 19 February…..
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