It’s been a slow, cool start to the year for much of New Zealand’s property market but new data suggests the Wellington market is bucking the trend.
The risks posed by rampant house price growth and high household borrowing have peaked and the scene is now set for a rebalancing, according to global ratings agency Standard & Poors.
Further changes have been made to the government’s unreinforced masonry securing fund (URM Fund) which assists earthquake proofing work.
Spacious two storey dwelling with carport, garage and with rural views, all at an affordable price. This property is a great example of a quality property, modernised and suitable for a large family or...
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Ask an expert
Restructuring mortgage portfolios
“I am holding two rental properties (through a LTC) and I own a residential house (outside LTC). All the properties are mortgaged are on cross-collateral security to the same bank, but there is a different mortgage account for each property. The rental properties are on interest-only and the residential house is on interest+principal...”
Our expert Mark Withers responds »
Getting out of fixed term lease
“I'm breaking my fixed term lease and this has been agreed on by all parties. The agency is wanting the new tenants to sign up a new fixed term contract for one year and not until the end of my tenancy and they want them to pay a letting fee. This makes the property unattractive. Is this right - can they do it like that? ...”
Our expert Jennifer Sykes responds »
“If I decide to get the insulation checked and possibly have new insulation installed do I have to notify the tenant? Or is it ok to send an insulation guy to the property unannounced ? ...”
Our expert Bernard Parker responds »
See also: Residental Dwelling Sales statistics »