New Zealand as a place to reside has been topping the wish list of Britons for years and now their close allies, the Americans, also view our fair land as a perfect place to call home.
Winter is on it’s way even if our weather is slow to catch on. The volume of property listings around the country is lower than this time last year and asking prices in many regions are lower too which is characteristic of this time of year. However in Auckland property asking prices are much the […]
The restriction measures by the Government and RBNZ have failed to dampen property prices in Auckland for more than a few months. March 2016 saw a return to the market we’ve come to know, one that’s on the rise. Average property prices in Auckland have done an about turn and reached a record high price […]
There is no need to reinvent the wheel, when it comes to knowing all you need to know to invest in residential property in New Zealand. Our obsession with homeownership has resulted in our small country of 4.5 million people having thousands property investors and many of them frequent a dedicated property investment discussion forum […]
New Zealand’s population is growing faster than the growth in private housing consents however November 2015 saw higher increases in consents issued in Auckland and elsewhere around the country than the previous month.
Property investors have been paying for property data via service providers like RP Data, QV and Property Guru. However this is about to change now Trade Me is offering it for free.
Gains on residential property bought and sold within two years is now taxed as the Bright Line test passes into law. Property purchased from 1 October 2015 will be subject to tax if sold within two years with the exception of the family home, inherited or relationship property.
Contrary to popular belief Investors and First Home Buyers can and do co-exist in the lower-end of the property market. In fact they have a symbiotic relationship. Typically investors are looking to buy properties for less than their market value and it’s the unliveable, undesired properties that fit the bill.
Cashed up Auckland property investors are seeking bargains in the nearby provinces. Regions like Waikato and Bay of Plenty are reaping the rewards of the RBNZ 70% LVR restriction on Auckland rental properties.
The spat between two wealthy neighbours over a shared driveway is just one of many examples why freehold property and land titles are preferred. On the discussion forum PropertyTalk there is a lot of talk of cross-lease titles and the cons of buying cross leased properties.
What is a multi offer and what’s all the fuss about. A multi offer occurs when more than one offer is received by the vendor for the sale of a property. The offers have come from different prospective buyers.
The RBNZ have recently put restrictions in place to curb the property market in Auckland. This is an unprecedented move and an ex RBNZ economics advisor suggests RBNZ Governor Mr Graeme Wheeler has more power than any other central bank Governor worldwide and it’s out of date and highly risky according to a news item […]
Properties selling by Auction generally sell for more than properties sold by private treaty. Is this the reason Real Estate Agencies love Auctions? Probably especially the non-fixed commission agencies. There’s no doubting the general public interest in Auctions though.
Rising property values was the reserve of Auckland and Christchurch for most of last year but other regions are now getting a look in too. Wellington experienced very flat growth for months on end but Trade Me Price Index reports it has grown by 7 percent in the last 12 months.
Year on year Auckland property values are up 14.1 percent. If your house was worth $750K a year ago it’s more than likely worth more than $855,750 today. However that’s not taking into consideration the 5.1 percent growth in just the past three months.
Bernard Hickey does a good job explaining the disruptiveness of the ‘nimbys and bananas’ of the RMA are in his recent NZHerald article. Essentially the nimbys and bananas are people who love to say ‘no’ to everything and put forward submissions to stop development of almost anything.
The Property versus Shares debate may well continue in 2015. It’s still a major talking point on the New Zealand’s property investment discussion forum – PropertyTalk. New Zealanders are essentially ‘property centric’ even after abundant persuasive input on news sites from Economists who favour other investments.
The Government realises it now needs to add more temptation so land bankers build houses. The recent increases in land value has seen land sit empty even though if developed 45,000 homes could be added to the property market in Auckland.
Soon after John Key was re-elected the prime minister he suggested first home buyers look at purchasing an apartment as their first home. Arguably it was not a bad call either given Apartments do offer first home buyers that chance to get on the property ladder.
The Resource Management Act is likely to be overhauled with a Bill presented to Parliament before Christmas. John Key was sworn into office yesterday and the revamp of the RMA was firmly on his agenda.
A Tenant Advocacy group suggested Landlords would be foolish to raise rents too high and risk losing good tenants. No kidding! It costs the landlord to replace tenants so retaining good tenants on a long term basis is the desire of buy and hold property investor.
Landing banking is a property investment strategy utilised when market conditions favour it. It is more of a speculative strategy where you buy land to on sell for a profit later on. Therefore should property investors consider land banking as part of their investment strategy?
At some point Property Investors need to update the look of their investments to attract the best possible income. While there is a certain reluctance amongst us to do cosmetic work to a property we also know that delaying it can actually hurt us in the pocket.
Residential rental accommodation now includes caravans and cabins not just your usual standalone house or apartment. A tight rental market has seen some property owners make instant use of their section. The placement of a rent a cabin or caravan for renting out to tenants provides instant income and it is fast becoming commonplace especially […]
Wellington property investor Aaron has excelled with property mentor Steve Goodey. Steve Goodey is a seasoned property investor and business ower. PropertyTutors Wellington is his baby which is part of the very successful PropertyTutors Limited.
We know we can rely on two things – Change and Taxes. Mr Bill English has hinted at a change he’d like to see to the current property size regulations and there’s no doubt it will dearly be welcomed by property developers. The news item on NZHerald gives a good report on what the change […]
The latest news is more people are renting in New Zealand. Should we be overly concerned or is this the opportunity we’ve been looking for to invest in more property? Property investment has increased over the years and so too have the systems and services for the rental market. This infrastructure provides property investors with […]
The Auckland Zoning Rules under the Auckland Unitary Plan make it easier to build townhouses and apartments on land in suburban and urban zones than single houses. A single house has to occupy at least 600 square metres in suburban areas while townhouses need a minimum of 200 square metres per townhouse. This is the […]