More pain on horizon
Mortgagee sales are tipped to quadruple in two years, and at least one expert is predicting an Auckland surge much sooner. Property watchers say many homeowners are struggling as high interest rates,...
View ArticleLandlord group’s code sets high standards
Landlords have developed their own set of rules, barring them from renting dirty places, telling lies or making racist remarks to tenants. The national landlord membership and lobby group, the Property...
View ArticleThe great coastal sell-off
Hundreds of New Zealanders are offloading their holiday homes and seaside baches – and some are going to desperate measures to sell up. Estate agents report bargains galore for coastal property...
View ArticleRenters ruling the roost
Tenants still have the upper hand in the rental market, and real estate agents are urging clients to inject their properties with the wow factor, or drop the rent if they want to fill them quickly....
View ArticleMortgage rates tipped to stay high
The Reserve Bank of New Zealand is tipped to cut the official cash rate this month, but mortgage holders and first home buyers are warned not to expect lower interest rates yet. ASB chief economist...
View ArticleRental house of horrors
Unwary landlords can find themselves caught up in a host of financial complications and be burned when they discover the cost of owning a rental property. Property tax expert Mark Withers is warning...
View ArticleReal estate market wooing investors
Low fixed-term deposit returns from banks and falling house prices might drive investors to consider becoming landlords. Andrew King of the Auckland Property Investors Association said rental property...
View ArticleSay hello to the good buys
It might be a recession, but for those who can afford the deposit the housing market is the most affordable it has been in four years. The latest figures show the average home buyer will pay nearly...
View ArticleNational plans big rental law shake-up
The Government is about to overhaul laws governing the lives of more than one million tenants. The previous Labour Government wanted to introduce pro-tenant provisions, but the new National-led...
View ArticleCity suites are on the rise
Older investors are helping fuel a resurgence in the inner-city Auckland apartment market. The sector is bouncing back after two years suffering from leaky building fears, over-supply and banks...
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