Most landlords have invested in property as a way to save for their retirement and for general savings, Crockers’ latest market research shows.
The rate at which building consents are being issued is slowing, Statistics New Zealand says.
Banks have agreed a streamlined process to help homeowners in multi-unit complexes access loans to pay for work needed to remedy leaky building issues, the New Zealand Bankers’ Association says.
Cheap Property, Add Value Potential with 7% Gross Yield as is Purchase Price $279775 Rental Appraisal $380pw Gross Yield $7% Don't let this one slip away! This is a fantastic opportunity for investors...
More Investment Gems »
Rent increases over the next year won’t be enough to cover Auckland landlords’ increasing outgoings,...
Westpac is increasing its focus on landlords as investment properties start to make up a greater proportion...
Bayleys says four large subdivision sites it has listed on the outskirts of Auckland are a sign of things...
Strengthening migration flows and solid employment should help support property prices, even as the market...
Ask an expert
Vendor's GST payable
“I am planning to buy a block of residential units as a long-term investment. The property is being sold by a developer who purchased it with the intention to subdivide into separate titles and hence has claimed GST on it. However the project was not feasible so he had it on holding for residential rental income. He is currently...”
Our expert Mark Withers responds »
“We own a small two bedroom flat (circa 1980s). It is well maintained, has a heat pump and is fully insulated apart from the aluminium, single glazed windows. In winter this does result in some condensation on the windows which to our mind is easily taken care of by wiping windows in the morning and letting a bit of air...”
Our expert Alan Bruce responds »
"Dank and damp" smell
“We recently moved in to a rental property on a fixed term for five months while we house hunt. We noticed a very strong mould smell in one area of the house. It is very dank and damp. It is a one-bedroom, one-lounge studio room which is part of a three-bedroom home. The landlord said the studio had been empty and closed...”
Our expert Juliet Robinson responds »
See also: Residental Dwelling Sales statistics »