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’.
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
Our banks are in good shape and can withstand the Dairy and Housing woes according to a news item on interest.co.nz. The news item was referring to a Standard & Poor’s report on the banks ability to withstand the threats of these two markets. Continue reading
Auckland is New Zealand’s economic power house and while it’s not the capital city is it our largest city and the one on most people’s lips when they think of our country. Continue reading
Asking prices for Auckland properties have jumped up by 17 percent in the past 12 months. This would be huge news anywhere else in the country but not Auckland as it’s less than the peak of more than 20% achieved June 2015. Continue reading
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
The year to September 2015 saw the median house price rise by 25.4% in Auckland. Yet again eye watering growth for Auckland property owners. For the same period Christchurch’s median house price grow by 4.4% and Wellington achieved a modest 3.3%. Continue reading
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
The capital value (CV) hikes in 2014 resulted in huge rates bills for many unhappy homeowners in Auckland. Seven thousand property owners successfully challenged their CVs and have had their rates reduced. Continue reading
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
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
New Zealand now has a city that’s on the radar of many global brands. Apple, Tiffany, Marks & Spencer are just a few brands interested in a presence in Auckland. Continue reading
Finance Minister Bill English confirmed more resources may be made available to the IRD to target Property Speculators. If there is an announcement it will more than likely be made in the May 15 Budget. Continue reading
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
First Home Buyers are getting on the property ladder by purchasing a new home in a new property development. Purchasing a new build home is easier now for first home buyers and they are doing it with deposits as little as five percent. Continue reading
Auckland’s apartment market is benefiting from rising property values throughout the region and it’s investors who are benefiting the most. Continue reading
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
The good news is up to 40,000 new homes can be built on land approved for development in Auckland. The not so good news is there’s no guarantee when the homes will be built! Continue reading
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
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
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
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
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
An Auckland home owner is more than half a million dollars better off. Listing the property for sale a buyer was found in just 15 hours. Is this a record? Continue reading
It’s great to hear the news that crime in New Zealand is at a 29 year low. Home theft however is still very high particularly in Auckland compared to other regions around the country according to a news item on … Continue reading
Not all Auckland property investment deals are winners however if you’ve bought well in Auckland you’d be onto a winner now. Auckland’s outstanding economy and population growth are continuing much to the delight of property investors. Sean Wood of PropertyTutors … Continue reading
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
Now is a great time to sell or buy a property in New Zealand. The RBNZ Governor Graeme Wheeler has given us the strongest indication yet that interest rates will rise in March 2014. Any change in the Official Cash … Continue reading