Land banking is the latest scapegoat in the ongoing blame game over Auckland’s housing issues, but investor advocates are querying how prevalent the practice really is.
Concerns about Auckland’s sluggish response to its supply issues have been given more ammunition by new data showing dwelling consents fell in July.
There’s been a changing of the guard in Barfoot & Thompson’s Auckland suburb growth hot spots list, with sixteen new suburbs entering the top 20.
With previous offers not able to meet financial obligations this property is back on the market.
Act today to secure your first home in a fantastic area, or to secure a smart addition to your portfolio...
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Ask an expert
Providing tenants' quiet enjoyment
“My landlords have agreed to ending our fixed term tenancy three months early. This is because I have been putting up with them entering our property when ever they please for nine months now. I have tried asking then not to, but I suffer from severe anxiety and struggle to deal with conflict. There are random visits...”
Our expert Allan Galloway responds »
“I purchased an investment property 12 months ago and paid 50% as a deposit. I have now sold an overseas property and bought a house for myself, which is also mortgaged 50%. I want to move the loan on my house to the investment property, which the bank is willing to do. However, when I asked my accountant if I...”
Our expert Mark Withers responds »
Negligent property manager?
“We hired a professional rental management company for our property while overseas for 15 months. We decided to rent partly furnished and decided to sell our property on our return to NZ. The tenant left two weeks after being offered the property and advised of sale. The agency returned the full bond on final inspection,...”
Our expert Bernard Parker responds »
See also: Residental Dwelling Sales statistics »