House prices are likely to rise for the next three years, says BNZ chief economist Tony Alexander.
The number of properties available for sale in Auckland and Christchurch is down 16.7% and 21.7% respectively on the same time last year, Harcourts says in its latest MarketWatch report.
Supply shortages are likely to only get worse, according to the latest BNZ/REINZ survey.
The 3 bedroom rental property ticks all the boxes; great yield, instant equity and a ton of potential to increase value and rents.
The owner has been proactive in improving the home and rental return...
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BNZ chief economist Tony Alexander has proposed some radical solutions to the housing affordability problems...
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Key breaching trust?
“My new tenant has had keys cut and given them to his girlfriend, without my concent. What can I do about this as I feel it's a large security risk and breach of trust. ...”
Our expert Alan Bruce responds »
Rates payment in advance?
“Does Determination E12 cover expenses paid for in advance by individuals as well as businesses? I want to reduce a high income this tax year by paying (rental property) rates in advance, my income next tax year will be lower. ...”
Our expert Mark Withers responds »
Tenant flood damage
“I moved into a house and I think the owner knew it would flood but never told me. The first flood happened after some hard rain, destroying over a $1,000 worth of my stuff and then a second flood came. Who will reimburse me for all the things I’ve lost? The landlord made repairs but they didn’t work ... what...”
Our expert Diane Nelson responds »
See also: Residental Dwelling Sales statistics »