Tag Archives | Pedersens Property Management

Focus On Existing Landlords

Property investors are buying fewer properties therefore there is less new rental stock in the market. While this will be pleasing the orchestrators of the recent LVR rule changes competition among property managers is now much tighter.

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Tenant Fined Sets Precedent

Tenants need to know they are now on notice regarding smoke alarms. The Tenancy Tribunal fined a Hamilton tenant for tampering with smoke alarms this month setting a new case-law precedent for future cases. Landlords and property managers have taken notice of this outcome and it can be said the Residential Tenancy Amendments Act 2016 (RTAA) effective 1 July 2016 is now very much part of Tenancy Tribunal legislation ‘tool-kit’.

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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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Do Property Managers Need To Be Regulated?

Over the years Dame Rosanne Meo has lobbied for a law change so all Property Managers are regulated. The Real Estate Agency Authority (REAA) is arguably doing a great job with the Real Estate Agency Act and while property managers within a Licensed Agency are regulated under this Act there are hundreds of property management managers that are not.

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Auckland Landlords Accept Lower Yields

Auckland rents have increased by 28 percent in last 5 years, while property values in this region have sprinted ahead at 63 percent. In the regions, rent increases over the same period from August 2010 have also moved upwards by 20 percent. Property values outside of Auckland have also increased by the same amount – 20 percent.

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Homeowner To Property Investor

Homeowners could become property investors as a result of Auckland Council’s easing of density limits in selected areas of Auckland. Glenfield on the North Shore is earmarked as an area suitable for the new density limit with homes able to occupy as little as 200 sq metres. Under this new limit a homeowner in Glenfield with say an 800 square metre section could remove their home and build four townhouses before they could build just two.

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Half Of All New Zealanders Over 15 In Rentals

All eyes are now on the rental property market and the remarkable shift from homeownership by the age of thirty, to living in rented accommodation long term.

The question now being asked by many commentators is: Does the Residential Tenancies Act 1986 (the Act) support long term renters or is it only good for the ‘flatters’?

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Rental Income Growth Moderate

Rental income growth is moving at a much slower pace than property value growth throughout New Zealand. This is actually a relief too. Imagine rents growing at 15 percent per annum? I know ‘a dream come true’ for Landlords well until tenants fail to pay the rent or fixed tenancies becomes a thing of the past.

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