Home' Napier Mail : May 25th 2011 Contents 8 NAPIER MAIL, MAY 25, 2011
Good news from bad
According to recent headlines property prices
are 5.8% less than the peak in 2007. Some
people think that this is bad news. I'm here to
tell you the good news! A "flat" market is not
only good for buyers, it's also great for most
home sellers. Here's why . . .
Most people who sell a family home are also
purchasing another home - usually a more
expensive one. And so, instead of feeling
miserable about getting less for their home, sellers
should celebrate because the price of their next
home is ALSO likely to be much cheaper.
The changeover costs between the old and
new home can be thousands of dollars less.
So if prices have eased by say 5% and a home
which may have sold for $300,000 in 2007, now
sells for $285,000, a drop of $15,000. But a
$400,000 home will now sell for $380,000 -- a
drop of $20,000.
So, while there is a "loss" of $15,000 when
selling, there is a "win" of $20,000 when buying.
When property prices are going down and sellers
are trading up, the change-over costs go down.
This means both sellers and buyers can be better
off in a falling market.
But for most homesellers, a falling market
creates a strange psychological phenomena.
Why should your neighbours (that you rarely
spoke to) sell their home (which was not nearly
as good as yours) for more money than you?
If they can get a huge price for next door, you'll
be darned if you'll sell yours for less.
Selling a home is only part 1 of the moving
process. Part 2 is buying another home.
Sure, when you put your home for sale, today's
buyers might give you a hard time with low offers.
But all you have to do is take the best offer and
then you can move to part 2 -- where you become
the buyer. Then YOU make the low offers!
Every cent you drop from the price of your
existing home, you'll get off the price of your
next home -- and then some!
So don't worry about what you could have got
for your home yesterday, think about how much
less you have to pay for your next home today.
Ignore the gloomy headlines. You are about to
save thousands of dollars.
If you want a copy of our FREE book "How
to get the Highest Price for
Your Home", call Cox
Partners Estate Agents on
Malcolm Cox, 835-4321
Malcolm Cox on Property
For domestic and business security
enquiries contact falcon electrical.
Ph: 843 6383
Labour List MP based in Napier
Call me if you want to talk.
Four join cycling odyssey
Tour d'enthusiasts: The Kiwi nine are ready to roll in a 57-rider international bunch. From
left, John Dean (New Plymouth), Chris Gollins (Plimmerton), Nigel Kell (Paremata), John
Mahar (Melbourne, formerly Paraparaumu), Tony Loversuch (Clive), Andrew Townsend
(Napier), Ben Earnshaw (Napier), Ian Seddon (Napier) and Kent Wilson (Napier).
Four Napier men are in a group of Kiwi
riders proving once again how cyclists
can be gluttons for punishment.
Nine Lower North Island cyclists, led
by veteran former New Zealand road
champion John Dean of New Plymouth,
have begun a three-week, 2870-kilometre
European bike ride almost as gruelling
as the Tour de France.
They set off on May 15 from the
Spanish Mediterranean coastal town of
Calpe heading across Spain to the
Atlantic coast. From there they will ride
through the Pyrenees and the French
Alps, finishing in Switzerland.
Chris Gollins, of Wellington, who has
been building up for the tour for the past
year, says they will be riding 18 classic
Tour de France mountains. They expect
to be on their bikes for about six hours on
all but two of the 21 days. The longest
day will see them cycling 180km.
Big climbs include Mont Ventoux in
Provence and the toughest day will be a
135km stage in the Alps, climbing 3600m
over four passes including the Col du
Galibier and the Col du Telegraphe.
It is the sixth Euroride organised by
Dean. Previous tours had been just two
weeks or 2000km but it was proving very
popular, Mr Gollins said.
There are 57 starters this year, from
a previous limit of 48 -- nine Kiwis and
seven Aussies, one American and the
rest from Germany, Switzerland and Lie-
The group is split into five bunches on
the road, with Dean -- who represented
New Zealand at the 1968 Mexico and
1972 Munich Olympics -- leading the fast
group each day. The groups are expected
to average between 22kmh and 28kmh.
The youngest rider in the group is
Napier electrician Ben Earnshaw, 26,
who now lives in London.
He s a talented mountainbiker who
was thinking of doing a Contiki tour but
heard about this through the Ramblers
club in Hawke s Bay and thought it
would be more satisfying than waking up
each day with a hangover, Mr Gollins
Bike stand plan
A $105,000 covered
parking stand for
bicycles and motorbikes
is being built on the
corner of Station and
To encourage alter-
native forms of trans-
port into the city, and
alleviate traffic conges-
tion, the stand will be
beside bus stops and
close to the public
The council s design
team has estimated the
construction cost to be
$105,000, which falls
within the budgetary
provision set out in the
parking capital plan,
and includes a contin-
gency of 20 per cent.
nium shelter, complete
with safety glass, will
house 26 hoops for
bicycles and motor-
cycles. Although the
estimated cost may be
considered high, coun-
cil planning regulatory
Michael Webster says
the council design team
works hard to ensure
the cost of any project is
as low as possible.
This is intended to
be more than just a
simple bike stand. It is
intended to be covered
to encourage all-
weather use and be a
lient facility to ensure
commuters cycles are
protected from the
elements. It will be
located on an existing
cobbled and ornamen-
tal grass/flax area in
The facility will be
lit and will require
some changes to the
kerb and footpath
Sponsor for Brook
Hard out: Napier mountainbiker
Brook Macdonald filming the three-
part Red Bull Chronicles series in
Queenstown for his new international
Hawke s Bay s junior mountainbike
world champion Brook Macdonald
has joined the international stable of
extreme sports stars sponsored by
energy drink giant, Red Bull.
Macdonald, 19, from Napier, is
regarded one of the world s rising
stars in downhill mountainbiking.
He is currently competing in the UCI
World Cup where he finished a suc-
cessful rookie year, off the back of
winning the Junior Downhill MTB
World Championships in 2009.
Macdonald was signed by Ivan
Mennim, Red Bull sports marketing
and athlete manager.
We are committed long-term to
Brook and are working with him
closely to help him reach the poten-
tial we see in him. He is a very tal-
ented rider and [we] are very excited
to have him signed to our inter-
national team, Mr Mennim said.
Fragglepop art on display
Taradale's REALPEOPLE@MOSAIC gallery in
Gloucester St is showing Fragglepop, an exhibition
of paintings, drawings and sculpture by a dozen of
their art students.
The gallery is open 9am till 3pm, Monday to Friday,
plus Wednesday evenings for a weekly drawing
group. Anyone who wants to join the group can
phone Ruth on 844 4636. More information:
mosaic.org.nz. REALPEOPLE@MOSAIC is a
vocational service for people with disabilities.
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