Trade Me

Half of them probably got destroyed throwing away because people just didn't know what their value was.

One sold on Trade Me three weeks ago, I think now, it was about seven grand.

Seven grand for a gold Jonah Weebix cards.

A couple of companies.

half them probably got destroyed, thrown away because people just didn't know what their value was.

One sold on Trade Me three weeks ago, I think now, it was about seven grand.

Seven grand for a gold Jonah Weebix cards.

A couple of companies.

Your car may have been dropping in value faster than it might have been in the past.

Trade Me has produced some new data showing that petrol cars are potentially depreciating faster.

Our money correspondent, Susan Edmunds, has been looking into this and joins us now.

Hi there, Susan.

What is the data showing here?

Well, Trade Me pulled data comparing what it said were like-for-like vehicle age cohorts in 2016 and today, and it found that petrol vehicles were losing value more quickly than equivalent models might have 10 years ago.

Diesel was holding value better than it would have in the past, but hybrids were flat, which has probably helped by more demand coming through there.

Okay, why is all this happening?

But if you're a sensible employer, you already know that you're going to have to pay, in air quotes, fairly based on what other roles in the market are going for.

So looking at SEEK tools where you're advertising, if you're looking at Trade Me data, if you're using any of the many salary reports out there, benchmarking what you want to pay someone against those reports is going to be a starting place to figure out, one, is anyone going to be interested in applying for your role if you're paying under market? But then using those benchmarks as a starting point for salary negotiations is going to...

Thanks very much for that.

That was Sylvie Thrush Marsh from MyHRA.

um and before all the bureaucracy and corporatization of the valley had sort of moved in and she wasn't like blowing smoke up my ass like she was really excited about this community um and and really felt like we were at that kind of you know nascent but really exciting stage that that her area of the world was you know many moons ago so i felt really good about that when she said that to me

It's interesting, right? Because I think as a Wellingtonian, as a proud Wellingtonian, there was two proud Wellingtonians, right? We felt like Wellington was the capital of the New Zealand startup world for a long time, you know, with Xero and Trade Me and so on.

You taught us everything.

Wellington

You're welcome.

But Auckland has just taken the ball and run with it, man.

And I feel like when I first came up to Auckland like 12, 15 years ago, you'd see like Xero's offices and Trade Me's offices.

And that was kind of your startup ecosystem with a little bit and push pay, right? But now it's like everywhere you go.

Yep.

And then we're going to look at the Trade Me Property Pulse showing asking prices rising for a second straight month, while townhouses in Auckland and Wellington, a drop up to 8%.

So we are definitely starting to see, I mean, the South Island seems to be the golden child at the moment.

We're definitely starting to see some increases in certain areas, but not everywhere.

So definitely the time to be looking or at least getting in touch.

Absolutely.

We are seeing a distinct difference between asking prices and completed transaction prices in the latest Trade Me figures.

The national average asking price rose 0.8% in September following another increase in August.

Well, I suppose if you want these, that's the thing.

You can still have their news for free on the free website, which, remember, these days is a joint venture, 50-50 with Trade Me.

So a very different business to the Post, Waikato Times and Press, and even the neighbourly websites that we mentioned before that are free.

But I was kind of intrigued by that, you know, pay a little bit of money, get access to the journalists.