The recent Government initiative to apply a two year rule on homes sold within two years of purchase by non owner occupiers is welcomed by property investors. Andrew King of the Property Investors Federation has represented property investors nationwide in the press and on TV recently. He confirmed what we’ve been saying on PropertyTalk for some time.
It’s no secret RBNZ is looking for suitable measures that target property investors to help cool the Auckland property market. Back in February 2015 property investors awaited news of a measure that would target investors with 5+ rental properties but the announcement did come.
Landlords may come off badly if Auckland Council go ahead with their proposed bylaw to charge homeowners with rubbish in their front and back yards. To be clear here they’re not talking grass that hasn’t been cut for a couple of months complaints.
Janet Xuccoa a partner of Gilligan Rowe and Associates presents her research and conclusions in an article that suggests a Capital Gains Tax (CGT) really will not solve the housing problem in Auckland.
What can go possibly go wrong renting out your home for short term stays via a very reputable and popular online travel website? For most homeowners it all works out really well. However for this young Canadian couple it went horribly wrong.
Canterbury property values have eased back but there’s still confidence in the local market. The Trade Me Price Index suggests the average sale price for Apartments over the last three months rose 21 percent. The Price Index calculation ignores all sales with values under 10 percent and 90 percent.
Let’s start out with the differences between a mentor and a teacher then we can apply what we know to property investment.
Understandably a mentor and a teacher are easily confused as one in the same when in reality they are quite different and achieve quite different outcomes.
In the last five years the average weekly rent has gone up $70 a week from $340 – to $410. It has also climbed 6.5% from February 2014 to February this year according to Trade Me’s Rent Price Index. While you’d expect larger weekly rent rate increases in the Auckland region they were rather modest at just 5.6% with Wellington at 5% and Canterbury at 7.1%.
Over the last few years, we’ve had the pleasure of selling a number of properties in Te Atatu Peninsula and Te Atatu South. We’ve always had a bit of a soft spot for this part of Auckland and we reckon, if you’re searching for a family home, Te Atatu should definitely be on your list of suburbs to consider.
The hassle free approach is to set your mortgage on a fixed rate for a set timeframe and then essentially forget about it until its renewal date. For longer term fixed rate mortgages this could be five years or of course much longer now there’s the 10 year fixed rate deal with TSB. So what could you be missing out on by taking this approach with your home loans?
Minor dwellings were once the reserve of property developers and property investors seeking more rental return. Now minor dwellings are popping up all over Auckland and owner occupiers are also using them.
In the past 18 months new smaller homes have been built on land that had just one home. In a NZHerald news item – a QV spokesperson is quoted:
As landlords we want want it all. Great yield, a property that’s low on maintenance and of course last but not least happy tenants. How do you keep your tenants happy? Emergencies aside your tenants happiness with your property and their tenancy may be directly attributed to your response and timeliness in dealing with maintenance.