money

Greedy Landlords – Where?

In the media a couple of reliable sources confirm rent increases have not risen alot over the last twelve months – so where are the greedy Landlords? Property sales and prices continue to forge ahead with gusto while rents remain static thus widening the gap between sales and rents according to the latest Trade Me Property Rental Index.

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Auckland

Measures To Tackle Rising Property Market

The measures imposed last year by the RBNZ and the Government worked albeit for just a couple of months. Property prices dropped and we all took a breather from October through to February this year. The property data for March presented a rebound in both property sales and prices in Auckland and many other regions and this month is also buoyant. Therefore it’s likely more restrictions aimed at limiting demand for Auckland property will come into play soon.

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PBBLOG

Investors Get Ready For Property Masters

It’s that time of year when property investors get ready for PropertyTutors’ one day property investing event called Property Masters. The event is held in Auckland and Wellington twice a year and it’s always popular among property investors. While the event’s format remains the same each time, the content is up-to-date and the event provides property investors with real examples of the buy-renovate-sell strategy called property trading and the latest on property funding and accounting from renown professional services firms.

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WLG

Not Just Locals Vying For WGN Properties

Expect to see another increase in the property sales price data for Wellington when the Trade Me Sales Price Index is released for March 2016. Homes in the region have sold within days of being on the market for sale; and they’re being purchased for tens of thousands of dollars over the Government valuation.

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meth test

Drug Transcends All Homes

Landlords may soon be required to test for Meth use in their rental properties in-between tenancies as part of the new Health and Safety at Work Act 2015. The reported rise in P-contaminated houses is somewhat alarming insofar as the clean up costs are in the tens of thousands, plus residing in a meth contaminated environment can have negative health implications.

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laptop

Virtual House Hunting set to change the Real Estate Landscape

While physically inspecting a property before purchase remains the norm in 2016, a report on future trends in the real estate sector predicts house hunters will be buying up homes from the comfort of their living room – using virtual reality.
House inspections prior to purchase will become less frequent over the next decade, as virtual reality will allow prospectors to examine three-dimensional replicas of properties for sale.

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rbnz

RBNZ Wait And See Stance On New Rules

The RBNZ wants to see the sales data for February and March before assessing the effectiveness of their new measures that included the 70% LVR restriction for Auckland investment properties. New lending was at an all time high at $1.679 Billion for the week ending 4 March and the average size of loan set a new record. February property sales were up on the previous three months.

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sale2

Auckland’s Property Values On The Rise

Auckland’s property market plateaued for a couple of months (December and January) but sales activity picked up in February. There were more property listings last month than in February 2015 plus a modest increase in the average asking price. RealEstate.co.nz reports Auckland’s average property price increased by a modest 4.5% on the previous month, January.

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rental-price-index-new-zealand

4.2% AKL Median Weekly Rent Increase in 2015

Collectively Landlords can not be lambasted for raising rents in 2015 when the median weekly increase was only 4.2 percent. This increase saw the median weekly rent in Auckland rise by $5 to $500 according to Trade Me’s Rent Price Index for January 2016 and it’s been hovering around the $500 mark for months.

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office

The Future Today

How and where we live and work is evolving as technology provides more freedom and we have greater access to competitively priced products and services.
Our homes are slowly becoming more high-tech and connected. Plus companies are increasing the number of ‘hot desks’ available in their workplaces.

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Auckland

Why AKL Apartments Doubled In 18 Months

AucklandAuckland Central is leading the way in property price increases. In the past 18 months the area of Auckland Central, which is mostly apartments, has seen the highest price percentage increase at 106.6%. The next best performing area was Sandringham with a medium property price increase of 69.4%.

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for rent

How To Choose A Property Manager

Referrals speed up the property manager selection process for landlords and it’s why asking for referrals is a popular activity on PropertyTalk.

However what do you do when referrals are thin on the ground and you need to engage a property manager immediately? Thankfully the answer is online and Landlords can now ask prospective property managers a list of pre-qualifying questions.

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