Housing supply shortage and tighter bank lending requirements mean small-scale property developers are flocking to non-bank alternatives to secure finance for their projects.
Former Barfoot & Thompson agent Aaron Hughes has been stripped of his licence, by the Real Estate Agents Disciplinary Tribunal, for on-selling two properties in 2014.
Buying property outside of Auckland is an attractive option for those priced out of the city’s market, but investors should think carefully before snapping up regional bargains.
Cosy two bedroom house, located in the Frankton area.
This property is situated on a cross lease title, and also enjoys a flat section, with a private fully fenced yard.
Built in the 1980’s this...
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Ask an expert
“I purchased an investment property 12 months ago and paid 50% as a deposit. I have now sold an overseas property and bought a house for myself, which is also mortgaged 50%. I want to move the loan on my house to the investment property, which the bank is willing to do. However, when I asked my accountant if I...”
Our expert Mark Withers responds »
Negligent property manager?
“We hired a professional rental management company for our property while overseas for 15 months. We decided to rent partly furnished and decided to sell our property on our return to NZ. The tenant left two weeks after being offered the property and advised of sale. The agency returned the full bond on final inspection,...”
Our expert Bernard Parker responds »
Sell or hold in Kingsland
“We own an apartment in Kingsland, Auckland which looks as though it has significantly increased in value since we bought it. It is not quite a positive cash flow yet: we contribute a small amount each week to cover the mortgage and body corp fees. But, if we sold it, we could possibly buy another rental in somewhere...”
Our expert Kris Pedersen responds »
See also: Residental Dwelling Sales statistics »