Friday, 12 September 2014

REINZ Highlights


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Real Estate Update               

OCR Unchanged at 3.5 percent
The Reserve Bank today left the Official Cash Rate unchanged at 3.5 percent.  Reserve Bank Governor Graeme Wheeler said:  “The economy appears to be adjusting to the policy measures taken by the Bank over the past year.  House price inflation continues to ease, despite strong net immigration.  ... MORE

Revaluation 2014 Update
Revaluation 2014 is drawing to a close and notices will be in letterboxes in mid-November. Revaluation is not linked to the total amount of rates collected by the council, but the Capital Value (CV) of a property is used to help work out each property’s share of rates. The CV is based on recent sales. Ahead of notices going out in November, indicative values by suburb will be published in newspapers and on the council website in October. Visit for more information.

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Advisory Services

Indication of price – Auction
The licensee told the complainant that the buyer feedback was low to mid $400,000s.  She also added that it was an auction and therefore an exact price could not be predicted.  The property sold at auction for $540,000.  The Complainant claimed that the Licensee misled him ... MORE

Referring to Resource Consent in Advertising
The complainant claimed that the property is being marketed in a misleading way because it suggests that “a resource consent has been granted and design plans completed for required works to create access to a building platform.”  ... MORE

Using puffery in advertising
The CAC considered a complaint about advertising using the words “milk your cash cow here” ... MORE

Earthquake Damage pay-out not spent on repairs
The complainants were the vendors whose property was subject to an insurance claim with their insurance company relating to damage to their driveway sustained during the February 2011 earthquake.  The insurance company assessed the damage and paid out $6,415.06 to them in 2012 which was not spent on repairing the driveway ... MORE

Residential Tenancy – failing to pay water
The High Court has heard an appeal from a tenant whose tenancy was terminated by the Tenancy Tribunal for non-payment of water rates. The tenant appealed on the grounds that the tenant has counter-claims against the landlord ... MORE

REINZ Annual General Meeting 2014             

We remind you the AGM this year will be held Tuesday 25 November 2014 at 4.00pm in Christchurch.  Venue is the Christian Cullen Lounge, Addington Event Centre, 75 Jack Hinton Drive, Addington.  This is of course a free event, but it would be appreciated if you could register at the Events page at for catering purposes and to assist with recording attendees.

For further AGM details click here

Reminding you how to apply for AREINZ Membership
An “Associate” member of REINZ is an individual who has achieved Agent Licensee status with the REAA, which requires “3 years experience in real estate agency work within the 10 years preceding the application” and be qualified to hold an Agent’s license.  The agent must have been a member of REINZ for at least four years and demonstrated active support of the Institute and its activities.

Click here to open the application form which may also be found when logging on with your REINZ ID and password at / Membership.

RPM Awards for Excellence close next week
We have received a record number of entries this year, nevertheless, there is still time to slip in an entry.  The closing date is 10.00am, Monday 15 September 2014.  Any questions about the entry form should be directed to Kristen Bartlett on (09) 356 359 5453,  Winners will be announced at the BOOST Gala Dinner.  Click here to open and print entry form

Last Call for BOOST tickets - book today!
It’s not too late to join your fellow sector group members at this year’s BOOST event, although registrations close today!

Residential Property Management Programme
Commercial & Industrial Programme
Business Broker Programme

Print the above registration forms and get them through ASAP to Kristen Bartlett on (09) 359 5453,

Boost bulk registrations attract a 5% discount. 

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Member Meetings - Timaru, Christchurch
We invite Salespeople, Principals, and Branch Managers to join us, along with the following guests, at these upcoming member meetings.  Do come along for the opportunity to discuss our vision for REINZ, some key legislative changes and other key updates.  There is no charge to attend this meeting and it accounts for one hour of Non-Verifiable Continuing Education training.  Light refreshments provided.  Registrations are essential to ensure we have space and chairs for all attendees and may be made at the Events page at  CE=NV1.0

Timaru  Wednesday, 8 October 2014, 11:30am-1:00pm, Grosvenor Hotel
With Helen O’Sullivan/Tony McPherson and Warwick Jones, DFL, Timaru

Christchurch  Thursday 9 October 2014, 9:30am-11:00am
Christian Cullen Lounge, Addington Events Centre
With Helen O’Sullivan/Tony McPherson and Cedric King, DFL, Christchurch

New Jobs @                     Advertisement
Put your job ad here by phoning 0800 638 968 or download the ratecard
These jobs can be re-visited any time at the Latest Jobs Listings page at

New jobs this week

Leaders - Wellington | Join Our Elite Team
Harcourts - Active Real Estate, Johnsonville | Real Estate Careers Night: NO Excuse Not To Come!
Eves Real Estate - Rotorua | Sell Across Rotorua
Barfoot & Thompson - Meadowbank | Looking for a new Admin challenge?
Harcourts - Auckland Head Office | Administrator - Harcourts Auckland Head Office
Ray White, Gary Brown Realty Whangaparaoa | Discover the Secrets to Sales Success!
Ray White - West Coast Real Estate | Real Estate Sales | Join Ray White TODAY
Harcourts Group Ltd | Build On Our Success In Wellington - Harcourts
Harcourts Group Ltd | Drive Harcourts' presence in the South Island!
Mike Pero - Whangaparaoa | Real Estate: It's A Win Win On The Hibiscus Coast

All other jobs
Glass Miles Real Estate | Exciting Opportunities In Commercial Real Estate

ABC - Businesses For Sale | Sales Entrepreneurs... Make It In The BIG TIME
ABC - Businesses For Sale | Sales Entrepreneurs... Make It In The BIG TIME
Ray White - Full Circle | Sales & Property Management - Paid Apprenticeship
Resort Brokers | Find Real Estate SUCCESS in Tourism & Hospitality
Tall Poppy Real Estate | Stand Out From The Crowd... Become A Tall Poppy
Tall Poppy Real Estate | Stand Out From The Crowd... Become A Tall Poppy
Tall Poppy Real Estate | Stand Out From The Crowd... Become A Tall Poppy
Tall Poppy Real Estate | Stand Out From The Crowd... Become A Tall Poppy
Harcourts - Key Real Estate Limited | Real Estate Sales - LOCATION, LOCATION, LOCATION
First National - Tauranga | Find Success In Real Estate Sales! Join us TODAY!
Harcourts Holmwood | Commercial Real Estate Broker
Barfoot & Thompson - Panmure | Senior Administrator - Barfoot & Thompson
Barfoot & Thompson - Panmure | Rental Administrator - Join our Successful Team!
Harcourts - Regent Realty Ltd | Your Future In Real Estate Sales Starts Here!
Ray White Motueka / Amber Real Estate | Real Estate Salesperson: Welcome To Our Team
Harcourts Grenadier Ferrymead | Real Estate Career with Endless Opportunities!!!
LJ Hooker - Taupo | Thinking About A Career In Real Estate?
Divest | Kick Start A Commercial Career
LJ Hooker and Harveys Group | Real Estate Sales: Everything You Need To Know!
First National - Otaki | Be Part Of Our Future Success: Real Estate Sales
RE/MAX Premier North Shore | Commercial Real Estate: Endless Opportunities
Harcourts Holmwood - Merivale | Personal Assistant: Join A Leading Harcourts Agent
Ray White Damerell Group | Property Manager - Career Success Begins Here
Barfoot & Thompson - Head Office | Lifestyle / Rural Manager - Barfoot & Thompson
Harcourts Holmwood | Real Estate Sales With NZ's Most Trusted Brand
Mortgage Express Ltd | Wanted - Mortgage & Insurance Advisers
Mortgage Express Ltd | Wanted - Mortgage & Insurance Advisers
Ray White Commercial Christchurch | Commercial & Industrial Real Estate Career
Eves Realty | Real Estate: The Future Looks Bright in Hamilton!
Professionals Queenstown | Administrator / Receptionist - Real Estate
Tall Poppy Real Estate | Stand Out From The Crowd... Become A Tall Poppy
LJ Hooker - Clear Realty Royal Oak | Real Estate Sales
Harcourts - Cooper & Co | Take Your Career In A New Direction!
Barfoot & Thompson - New Lynn | Administrator - Property Management
Harcourts - Grenadier Real Estate Ltd | Rare Real Estate Career Opportunities
Ray White - Metro Christchurch | Office Administrator - Leading Real Estate Team!
Leaders - Wellington | We're Seeking New Agents To Join Our Elite Team!


DISCLAIMER: The information contained in this email is not intended to form professional legal advice or legal opinion on any particular matter. The Real Estate Institute of New Zealand Inc therefore accepts no liability for any claim or other action that may arise from the use of the information provided in this email.

IMPORTANT: The information contained in this email may be legally privileged or confidential. If you appear to have received this email in error or are not the named recipient, you are notified that any use, copying or distribution of this email message or its attachments is prohibited. Please notify the sender immediately. Thank you.



Duane Turner
Office: 09 811 8018
Mobile: 027 376 4806

Waitakere & Surrounding Areas


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