My name is Hannah Walker and I wear many hats! Mum, business owner, friend, teacher, nurse, referee, IT professional, wife, chauffeur, cleaner, laundry maid and sales weapon - just to name of few of my daily hats!
My story today comes from a view of a Mum in business...
THE BIG MOVE SOUTH
I have been thinking lately……..what a great way my family finished an absolutely amazing year off and started the new decade. We had such a fantastic year with proppy.co.nz. The company was firing on all cylinders, the team was on fire, we had won the Westpac NZ award for Digital and Technology Innovation in the BOP. Then back to earth I came, when my good wife Hannah drops a bombshell on me. She asks….shall we move to the South Island? Wanaka to be precise - the other end of the country!
According to Investopedia a K-shaped recovery occurs when, following a recession, different parts of the economy recover at different rates, times, or magnitudes. This contrasts with an even, uniform recovery across sectors, industries, or groups of people. A K-shaped recovery leads to changes in the structure of the economy or the broader society as economic outcomes and relations are fundamentally changed before and after the recession. This type of recovery is called K-shaped because the path of different parts of the economy when charted together may diverge, resembling the two arms of the Roman letter "K."
So, if that does not make sense to you…essentially growth happens in some parts or industries of the economy and slower recoveries and negative sentiments can continue in other sectors & industries.
Should you stuff money under the mattress or buy property?
The old adage of stuffing your money under the mattress may sound far-fetched but that’s what we think Kiwis are starting to do with these low deposit rates.
Here we go again
So here we go again I hear you say, “What a shambles is what I’m thinking right now. “
Auckland in Level 3 of Covid 19 alert status and the rest of the country in Level 2. Where and when will this end? Could we go back to Level 4 - some are saying by Saturday?
Well, I thought it may be a good time to look at what we learned in the past lockdown and talk about why you would be foolish to not look at the Proppy.co.nz to manage your property sale.
I’m going to cut to the chase.
THE POST COVID SOUND BITES
Are you reading or listening to media sound bites about the property market about to drop? Are you reading sales are down and the property market about to drop further? I would suggest you don’t!
The boomers are set to boom again!
I have been thinking a lot recently about the current situation. There are always winners and losers in a recession. Who do you think will be the winners? I think my friends the baby boomers, will come out on top, yet again!
When we came up with the idea for online real estate, we had visions of people sitting on their sofas in their PJs buying and selling homes. Much like people buy a car on trademe, book a bach on AirBnB or buy some new shoes online - all from the comfort of their home.
We never imagined that a global pandemic would see thousands of people isolated to their homes, making the Proppy.co.nz business model essential in today’s world of self isolation.
With New Zealand now at level 4 it has stopped the $1.7 billion dollar residential property industry in its tracks, or has it?
There are currently 30,781 houses for sale on Trademe but no open homes available and the removal of selling by auction occurring quickly. The auction market for most large real estate agencies in New Zealand is the life blood of their operations but this has all vanished overnight. Leaving auctioneers, auction sales agents, and their teams essentially locked out and closed for business.