[2024] NZREADT 24 – OG Trust v REAA (29 July 2024) [pdf, 180 KB]
...suggest it would be somewhere in the vicinity of $100,000 - $150,000 – however we won’t really know until we start getting market feedback as the situation is complicated. 1 Property appraisal (2 August 2022); BoD at 144. 3 [7] In an email to the trustees on 3 August 2022 attaching the appraisal, the licensee recommended an initial asking price of $189,000 “to begin with, get market feedback and take it from there”.2 [8] An agency (listing) agreement between th...