Auckland residential property values have increased by 13.0% over the past year and are now 24.6% higher than their previous peak back in 2007, according to new Quotable Value data.
It’s a sellers’ market out there - according to new data from Realestate.co.nz which shows that prices continue to rise and listings fall.
New building consents around most of the country declined in February – although Auckland recorded an increased number of consents.
Low maintenance, tidy property with dream tenants. Returning 9% gross yield and up to $23K equity. Zoned for Western Heights High School (Rotorua's only zoned High School). Additional Information Well...
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Ask an expert
Cancelling property management contract
“Can I cancel a property management agreement without notice if I am unhappy with the service? ...”
Our expert Bernard Parker responds »
Verbal agreement broken
“We had a verbal agreement with our landlord that he would replace carpet that has black mold (there is photo evidence that it exsisted pre us moving in). It was agreed when we moved in six months ago but he has not done anything about replacing it. He claims he can't get a tradie to lay new carpet. What can we...”
Our expert Alan Bruce responds »
Recommendations for next step
“We have $400,000 equity in our personal property and $150,000 in our rental (in a LTC). We are trying to decide if we should sell our personal property and buy something with a lower mortgage or to keep our current property and loan our equity to the LTC to purchase additional rental properties? Any recommendations...”
Our expert Kris Pedersen responds »
See also: Residental Dwelling Sales statistics »