Cool Change In AKL Property Price Increases

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Predicting future trends based on monthly percentage increases in property prices is for the foolhardy. However sighting the peaks and troughs in price movements over a longer time frame like a year or five years creates interesting debate. Trade Me’s Sales Price Index is therefore invaluable to property investors whom love to discuss ‘all things property’.
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Auckland Fastest Growing in Asia-Pacific

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While other regions experience stagnant growth Asia-Pacific continues at a rate of 5.5 percent. New Zealand’s economy is one of the fastest growing in the Asia-Pacific regions at a rate of 3 percent and Auckland is it’s powerhouse economic hub. Auckland ranks highly as a new world city and it’s attracting migrants and global investors whom especially like to invest in real estate. Continue reading

Auckland Housing Demand Grows

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Housing demand in the Auckland region is getting worse and there’s no sign of it easing any time soon.

Building consents for the Auckland region dropped in September for the second month in a row. 13000 new homes are needed each year to cope with the increase in population however new building consents are falling far short. Continue reading

Good Yields Achieved – Leasehold Apartments

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The Auckland property market for property investors is now more so than ever before all about achieving high capital gains. The huge rise in property values in the region over the last year has eroded good yields where one to three percent is now the norm. Continue reading

What Is A Building Inspection?

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A building inspection is a comprehensive though non-invasive report of the condition of a property highlighting visual defects an owner or potential property buyer may wish to remedy. It does not report on anything hidden behind cladding only what’s visible to the naked eye therefore leaks for example may not always be detectable. Continue reading

New Homes Failing Building Inspections

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Auckland needs more homes and fast so the number of building consents per month is rising. However the dilemma for Auckland is a lack of qualified developers and skilled workmen. Currently up to 40 percent of all building inspections on new building sites are failing and it’s due to shoddy workmanship. Continue reading

Today’s Housing Boom Different to 2007

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While New Zealand is experiencing a property market boom, the RBNZ Governor Graeme Wheeler says it’s different to what we experienced back in 2006-7.

House price values have sky rocketed in Auckland of the past year and it’s created a lot more million dollar suburbs. Continue reading

Auckland’s Property Values – The Statistics

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What’s all the fuss about some may ask – so the property values have risen a lot over the past three years what’s the harm in that?

Auckland needs 30,000 homes to meet current demand – with this shortage comes increasing competition for any property on the market for sale. Continue reading

Why an Investment Property is Preferred

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Investing in Property is often the preferred first step onto the property ladder.

While there are a lot of incentives for first home buyers in New Zealand – owning an investment property (IP) probably has more advantages right now over owning a PPOR (principal place of residence). Continue reading

Fast Track Housing Development

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New homes are needed fast in the Auckland region and there are other regions around the country also in need of more new homes. The ‘handbrake’ on fast tracking housing development is often in the funding of and implementation of the pre-requisite services infrastructure. Continue reading

Auckland Open Spaces Squeezed

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Growing a compact city will come with some compromises. Public spaces may be swallowed up. Queen Elizabeth Square is the latest piece of primary land Auckland Council has agreed in principle to sell to a private company. Queen Elizabeth Square is currently utilised by the public – it’s a wonderful open space however it may be turned into a shopping mall. Continue reading

Auckland Property Investors Sign Up With Sean Wood

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PropertyTutors owner Sean Wood property investment mentoring is in hot demand. The local property market continues to challenge the RBNZ with house values continuing to increase. Home values have increased 15 percent from April 13 – April 14 and while the volume of property sales has decreased property investors (new and seasoned) are just getting on with their business and that includes being mentored by Sean Wood. Continue reading

Up Go Interest Rates, AKL Property Values

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The RBNZ has moved the OCR up to 3.25 percent and that has pushed the NZ Dollar value upwards. The focus is to ensure the economy continues to grow and inflation is manageable at around two percent. While there is a lot of building of homes in Auckland and a commitment to keep that sector strong to meet the demands of positive net migration supply is currently falling short of demand and house value inflation remains high. Continue reading

Auckland Council Back Down on High Density Living?

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Auckland is expected to accommodate an extra million people in thirty years time according to a news item on NZHerald. This knowledge however has not encouraged Auckland council to stay on track with their high density living plan for most Auckland … Continue reading