Prices are edging up, but only very slowly. The price trends over the last 10 years (1999 to 2009) and the average price of $168,000 in October 1999 has risen to the mid $300,000s, where it has hovered for a few years now.
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Rental demand has increased over the past three months with both vacancy rates and rent drops decreasing. First National Group’s quarterly property management survey of its network offices across NZ shows vacancy rates have decreased from an average of 6.3% to 4.9% in the past three months. First National Group General Manager John Stewart said […]
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All logical, statistical and equity arguments say YES, but political desire to stay in power says NO. Since property investment should be viewed as long term (10 years plus) then even with a cap gains tax, rents would increase to compensate, so just as in other countries, it is still viable to invest albeit with […]
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You will often hear how you should buy in “up and coming” areas. But what does this mean? Well there is a test for this. English firm Virgin One created the “Cappuccino Test” for an area, based on interviews with over 1,100 buyers and real estate agents. The test showed up trends or signs to […]
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