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25

January, Monday

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How can property markets recover after a tragedy + a general look at the NZ market

03 May, 2019
pTV Editor

We’ve been at Christchurch for the past few days and we thought to do Property News Update a little differently this week. We’re going to have a general look at the New Zealand property market and how markets recover after a tragedy. Our special guest is Mike Pero.

Mike is somewhat of an institution over in New Zealand. He’s a pioneer with mortgages and has since branched out into real estate brokerage as well.

Shortly after announcing that they were going out to the market in 2010, Christchurch experienced a 6.3 magnitude earthquake. That was bad news for a start up real estate business and it was a tragedy for Christchurch. But there is a silver lining in every cloud. Today, they average on opening a new office somewhere in New Zealand every 47 days.

Mike believes there is a distinct sense of newness in Christchurch with 90% of the city being rebuilt.

You will also hear Mike’s take on the future of mortgage brokerages in light of the Banking enquiry in Australia.

“It's probably a little bit more controlled in New Zealand but I question if the government or the authorities get it?” Mike says. “How can you say I can’t reward for performance? The insurance, real estate, and financial services are all based around performance rewards.   

Mike believes it (the Banking Enquiry) has been a bit of a warning for New Zealand. Brokers, real estate, and insurance agents have it rough, after all.  It's a tough job. And you've got to reward well.   If it was easy, everyone would be doing it. 






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Drawing customers in and the best time to sell - Naomi Findlay

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Stand out or wash out – Tami Bonnell

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Auction numbers double in Melbourne

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The house that Grease bought + How retirees get stung + The Build-to-Rent boost and more!

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The agents role is bigger than you think – Nigel Jeffries

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Mud-house 5 years in the making + long road ahead for Perth + Rise of women in real estate and more!

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Efficient property management - Tamsin Wilson

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80,000 reasons the market might struggle + It’s called a ‘unicorn sale’ for a reason + Sleeping in a prison cell and more!

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The value of empathy in real estate - Louise Phillips Forbes

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Trends that will change the industry – Kylie Davis

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Property ‘shock’ after election + The house that’s cheaper than a car + Dirty money in property and more!

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Negative equity growth in the US + Hong Kong's forthcoming boom + Welfare groups slam a scare campaign and more!

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The burgeoning downsize market – Greg Oddy

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Sleeping under the stars + the silver lining to Perth property + how a watchmaker spends his time and more!

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How tech is revitalizing property management - Alister Maple-Brown

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VIDEO – Clearance rates rise as Sydney tops Melbourne

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Year on year volumes continue to trend lower

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How can property markets recover after a tragedy + a general look at the NZ market

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Downsizers feasting on flat property market

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Building a community - Lindsay Listanski

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AI and human redundancy – Scott Matthews

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Homegrown Tech Innovations – Kasey McDonald

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