SBS Bank’s push into the Auckland market, with the use of mortgage advisers, is starting to pay off.
Consents were issued for nearly $1 billion of building work last month, the latest data from Statistics NZ shows.
There are claims lower interest rates are driving banks give buyers bigger mortgages than their income would previously have allowed.
Two x three bedroom standalone homes on one site. Handy location, great yield, solid construction, close to transport, schools, new shopping centre and soon to be built supermarket. Both in tidy condition,...
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Rent for three-bedroom properties has increased 4.4% on average over the past year, Barfoot and Thompson...
Weekly rents were up 9% in January compared to the year before, the Trade Me Property Rental Price Index...
Auckland’s average weekly rent has increased less than the price of petrol over the past five years,...
Falls in fixed mortgage interest rates, tight dwelling supply and booming net immigration are contributing...
Ask an expert
Hamilton v Tauranga
“I'm looking for an investment property in Hamilton City for around $270,000. I'm looking for a three-bedroom house where the rent covers the mortgage. Is Hamilton a good place to buy property? Or any other city like Tauranga? What is your opinion about capital gain in Hamilton in the coming three to five years? ...”
Our expert Ron Hoy Fong responds »
Should I evict tenant?
“Dear Sir I have a property with two houses in one section. The back house has been rented to two younger men, one has moved out but the other constantly has groups of friends over, day and night. In the agreement, it states that each house can only have one car parked in the driveway. The tenants of the back...”
Our expert Alan Bruce responds »
GST on mixed-use property
“Hi there, we are looking at a residential property which was a rest home. We are wanting to turn one 'wing' into four rental apartments and the balance into a bed and breakfast (B&B). We would live in the complex. We've been advised that there is no GST on the B&B portion (75%) but there would be on...”
Our expert Mark Withers responds »
See also: Residental Dwelling Sales statistics »