Warrants of fitness for rental properties will be trialled in New Zealand homes, the Government has announced.
New Zealand houses are overvalued by as much as 25%, the International Monetary Fund has said in its annual economic assessment of the country.
Buyers are despairing of ever being able to find a property, according to the latest BNZ/REINZ survey of real estate agents.
Primo CBD Location. Tidy and tenanted. Current yield 7.9%. Potential yield 8.4% with modest rent increase. Verbal Valuation: $320,000 - $330,000.
Additional Information: With a fantastic central location,...
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Ask an expert
Mortgagee sale's tenancy issues
“We have puchased a property through a mortgagee sale. The existing tenant is paying the former landlord, therefore he is a squatter. The former landlord has told the tenant that she is still the owner of the property. Can I apply for a possession order? It can take several weeks to get a Tenancy Tribunal hearing. Is there...”
Our expert Alan Bruce responds »
“Our property has been rented permanently for a number of years. We now need to upgrade replacing carpets, drape, painting etc. Are these costs expenses (deductable repairs and maintenance) or do they need to be treated as capital expenditure? ...”
Our expert Mark Withers responds »
Privacy around inspection photos
“Can the property management company who cares for my properties take photos during an inspection if the tenant has concerns and has not given permission for any photos to be taken (apart from any damage that has not previously been noted)? Is this invasion of the tenant's privacy? ...”
Our expert Juliet Robinson responds »
See also: Residental Dwelling Sales statistics »