Property News
More than fair “wear and tear”
Proving tenant liability for damage has long been a major worry for landlords but a recent Tenancy Tribunal shows that it can be done.
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Southland “standout” region for investors
Investors looking for both strong capital gains and good rental yields should head to Southland – if they heed the results of new REINZ research.
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The getting of wisdom
Landlords concerned about the increasing amount of rules and regulations it’s necessary to comply with can now get training to help them out.
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Low property expectations
Confidence in investments across the board has fallen to a three and a half year low – and a decline in sentiment about housing has played a big part in this.
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Record low rates fuel market resurgence
A widespread resurgence in value growth of late means that all eyes are now on the Reserve Bank’s next OCR call which could give the market another push.
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SuperCity on the rise?
Auckland’s housing market saw a noticeable increase in sales in October – and it’s due to an increase in listings, according to Barfoot & Thompson’s managing director.
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Tight supply, rising prices
A significant year-on-year drop in the total number of houses on the market nationwide could start to drive up asking prices going forward, new Realestate.co.nz data suggests.
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Strong growth in multi-unit dwelling consents
The number of dwelling consents being issued just keeps going up, with September seeing the highest number in any 12-month period since the year to October 1974.
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Return to market form
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
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Allow KiwiSaver withdrawals for investment properties
KiwiSaver rules should be relaxed so that first home withdrawals can include investment properties, the Interim Retirement Commissioner is proposing.
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Prefab changes don’t address finance issue
Reforms to the Building Act will make it easier to carry out a prefab build - but it will be large scale projects that benefit rather than smaller-scale investor projects.
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Collaboration key to urban development
Central and local government and industry must work together to ensure that the Government’s proposed new urban development strategy is successful.
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Green light for property investment crowdfunding
The Financial Markets Authority (FMA) has approved a secondary market for The Property Crowd and that enables the residential property crowd funder to relaunch its trading platform.
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Airbnb room rental not bylaw violation
Renting a spare bedroom on Airbnb was a breach of the tenancy agreement but it did not constitute an unlawful act - under a local body by-law - by the tenant, the Tenancy Tribunal has found.
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Spring bounce in Auckland market
There was an increase in activity in the Auckland housing market over September with both new listings and sales up, according to Barfoot & Thompson.
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