Home loan approvals have reached a new post-LVR restriction high, but BNZ chief economist Tony Alexander says it’s too soon to conclude that the rules have not slowed lending growth.
Low interest rates may be prompting an increase in the number of rental properties in Auckland, the latest Department of Building and Housing quarterly report says.
It would stop anyone who was not a citizen from buying any existing residential property. The bill still must be drawn from the ballot before it will be given a reading in Parliament. Phil Twyford said
Possible 10%+ Gross Yield. Possible $60K Enquity. Three Bedroom 1950's Bungalow. Plus Two Bedroom Stand-alone Unit. Plus One Bedroom Batch-style Dwelling. Total Rental Appraisal $650 - $670 p/w. Annual...
More Investment Gems »
Loan-to-value restrictions appear to be slowing the rate of sales under the hammer, Barfoot and Thompson...
Asking prices eased slightly in November and the number of new listings entering the market dropped,...
Twenty per cent of properties nationwide have been sold to first-home buyers since 2012, data from PropertyIQ...
Claims of a boycott of Trade Me over an increase in fees for real estate agents are probably overstated,...
Ask an expert
Earthquake compliance concerns
“I have been renting a property in an apartment building for nine months (of a 12 month fixed term lease). However just recently I have found out that the building I am living in is only 12% compliant with the earthquake building standards, the minimum is 33%. The engineers will not be starting on the building until next...”
Our expert Diane Nelson responds »
Hold or sell now?
“Dear Ron, would you hold your properties for another two to three years and pay off your own mortgage completely to be become freehold? Or is it better to sell now when the market is in a peak and minimize your existing mortgage? Thanks, Raja ...”
Our expert Ron Hoy Fong responds »
Body corporate fee rising
“I have an investment unit in Auckland that I purchased about four years ago. During the first two years the body corporate fees were about $2,000 per annum. Then they increased to around $3,500 the next year and now they have increased to over $5,000. They have more than doubled in just three years. The body corporate is...”
Our expert Ollie Mitch responds »
See also: Residental Dwelling Sales statistics »