Demand is growing in the property market but new building is struggling to keep up, new data reveals.
Property owners are being reminded that it’s worth checking to see if they qualify for an interest rate special from their banks.
New mortgage lending hit $4.9 billion last month, the highest level since last March.
Two x 3 bedroom rentals on 1 title making this a 12% Gross Yield to support your high capital gain investments. Newly redecorated 2 x three bedroom homes. New paint throughout, new carpet, vinyl, drapes...
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Ask an expert
Trust scenario numbers
“I have a family home in Auckland (owned in a trust) with 70% equity in it. We plan on purchasing another property and moving into it for five years. After that we will return to the family home. In the interim, the family home will be rented out. What is the best way to structure the loan/entity to allocate the losses?...”
Our expert Mark Withers responds »
"Doubtful" on tenancy hardship
“We signed a fixed-term agreement for 12 months with a person from overseas. His plan was to have a house built and to fly in and fly out periodically over the year. Then 34 days into the term he says he has purchased a house and would be moving out after 78 days. He offered to pay two months extra rent but the agreement...”
Our expert Juliet Robinson responds »
Incidental carpet damage
“I am renting a property in which some carpet damage has occurred. A photo frame has been placed underneath a bed directly on the carpet. Upon removal approximately six months later I discovered mould had developed on both the frame and the carpet and destroyed a patch around the size of an A4 sheet of paper. My contents...”
Our expert Leanne MacKenzie responds »
See also: Residental Dwelling Sales statistics »