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.
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.
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…
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.
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.
Property investors around the country waited with bated breath on Wednesday 4th February for the RBNZ Governor Graeme Wheeler to announce tougher measures on property investors. A couple of days earlier Catherine Harris author of this news item on Stuff suggested it may happen in the RBNZ annual address to Canterbury’s Employers’ Chamber of Commerce.
Grant Hoey is arguably one of the most experienced Auckland apartment investors in the country. Now in his 10th year as a full time investor and mentor, Grant has witnessed a lot of change in the Apartment market.
Property investors mentored by Grant are making good profits from Auckland Apartments.
Auckland’s rampant house price inflation is due to a historical net supply problem says Matthew Gilligan of Gilligan Rowe & Associates.
In a recent article on the GRA website Matthew suggests a lot more work needs to be done to improve the consenting process and lower the cost of building materials so the supply of new housing can be sped up.
Whether you’re buying an Apartment to live in, rent out or trade there are some considerations that are unique to this type of property. Apartments will have a Body Corporate with rules that need to be adhered to and the Unit Titles Act is the law governing buildings with multiple owners each holding a unit title on their apartment.
Home renovations is all the rage right now particularly in Auckland due to the high property values. If you’re replacing your bathroom take your time checking out the numerous designs and styles of tiles. The little white square tiles are long gone and in place are hundreds of new designs – so what do you… Read more…
The Government is fully focused on selling 8000 existing state homes over the next three years and anyone can buy them. The homes must remain as stock for social housing and managed by registered community housing providers.
The huge property value growth has sparked a lot of talk lately about increasing rents and some journos have gone as far as to say Landlords are exploiting the housing shortage.