Outside of Auckland Christchurch is the clear winner with property values above the norm in many areas. We’re all used to hearing about the heady values of Auckland properties however Christchurch should also be on our radar.
Christchurch property owners secured an average increase in value of 4.3 percent in October 2014 and 3.7 percent in November 2014.
More properties are rented now than ever before and there is demand for affordable high quality professional property management services. In the early days of property investment investors naturally managed their own rental properties and they pretty much did so without much external influence.
Homeowners with tens of thousands of dollars of ‘new’ equity in their own property may be keen to spend it! Some may look at big toys like a flash car or a boat. If they consider using it for a second property ideally that will be an investment property rather than a holiday home. An investment property produces an income and when rented well it can also produce a profit (income minus expenses).
There are experts who prefer property over shares though you’d be forgiven for not knowing any by name.
We can all probably name at least three to five experts who love to diss property and push their bias – shares. In an ideal world there would be an equal number of property experts names rolling off our tongues too.
The holiday season is just around the corner and a ‘Bach for Christmas’ is now firmly in the sights of some property owners looking to spend their newfound home equity.
The average property increase in Auckland since 2011 is 34 percent and homeowners are ‘doing the numbers’ and finding ways to spend up.
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There’s been a lot of commentary pre and post Election on New Zealand’s lack of housing in the main centres and in particular Auckland. In fact we now believe we can ride a huge building wave for years to come before supply meets demand and our economy is going to ride along with it.
With housing affordability at an all time low, commentators are now suggesting New Zealanders need to consider renting long term as their new norm.
Embrace renting long term maybe even for life and invest elsewhere away from housing suggests a leading Economist.
Earlier this month the latest round of CVs for Auckland homes were released and they have caused quite a stir.
Most properties have gone up in value by quite a lot and home owners have been dealing with their mixed emotions.
In 2012, the media focused on the comments of an economist, Shamubeel Eaqub, who is well documented for being anti-property. Bear in mind the media likes to present two sides to a story – the counter point in the property debate so – Mr Eaqub fits the ticket for anything related to property bashing. Of… Read more…
When borrowing from a Bank or non Bank lender, who receives the money? The answer is obvious – the Borrower does.
So as that’s the case, then the Lender (regardless of whether its a Bank or non Bank) has the risk and not the Borrower.Interestingly here in NZ many people think borrowing from a non Bank source can be risky.
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