mentor

A Property Mentor Versus a Property Teacher

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.

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Rent_Price_Index___Trade_Me

Rental Property Weekly Rent Rate Up

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%.

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mortgage

Set and Forget Your Mortgage?

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?

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Posted in Finance comments
house

New Small Homes A Hit In Auckland

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:

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tenants

How Do You Keep Your Tenants Happy?

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.

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Posted in Tenants comments
real-estate-law

Property Investor Loans – Under Scrutiny

The RBNZ is consulting until 7th April 2015 on a potential new sub asset class for property investor loans. The Bank wants to further classify property investor loans, so it can ensure banks are holding adequate capital for investment property lending. In a market downturn losses associated with mortgage defaults are higher for investment properties than owner occupiers.

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apartments

Apartments Values Up 20+ Percent

Auckland Apartments are valuing up well and evidence of their high demand is now omnipresent. Ninety one off plan apartments near Ponsonby have all sold six months prior to completion and this is highly unusual says a local Bayleys real estate agent. A news item in the Herald on Sunday quotes Trent Quinton of Bayleys who says it’s highly unusual for all off plan stock to sell so far in advance of completion.

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properties

NZ In Demand, Property Values Up Again

New Zealand is in demand as it is seen as a safe haven for all and sundry. Our annual net migration is expected to get to 60,000. Students are coming here in droves especially from India. New Zealanders continue to return home and people want to emigrate here as a result of our ‘rockstar economy’ and strong labour market.

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GRA.jpg

Otara vs Remuera Case Study

Case study  Remuera vs Otara The Great Property Debate: Cash flow vs Capital Growth Property investor compares investment returns Tyson is a property investor, looking at investing in the Auckland market. He has been told by his parents that he should ‘buy the worst house in the best area, and only invest where he would… Read more…

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Posted in Articles comments
house

Investors Make Good On Tired Property Stock

Tired, run down properties are in abundance throughout New Zealand. Some are inhabited, a lot are not and realistically none of them would pass a Warrant of Fitness test. Typical owner occupiers ignore these properties when they are listed for sale. Thankfully they are being snapped up by the property investors on PropertyTutors’ The Masters mentoring program.

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forrent

Property Weekly Rent Increases Realistic

Rental Property weekly rents have increased less than expected during the past 12 months. The median weekly rent for a three bedroom house is $420 per week according to Trade Me statistics. During the last year Christchurch’s residential property rents increased the most at over eight percent bringing the average rent for a three bedroom home to $450 a week.

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