First Home buyers are again active in the market in many areas of the country, focusing more on smaller and older homes. Often these are in fact former rental properties.
Filed under: REAL ESTATE | No Comments »
Another interesting snippet is that several of the banks are now lending up to 95% of valuation again. One wonders if this is an indicator that they see values about to climb again? Food for thought!
Filed under: REAL ESTATE | No Comments »
In yet another confirmation that the marketplace across the board suffers from a lack of confidence come reports from First National’s monthly survey*. First National offices across the country reported that when the weather smiles, buyers look to the future and visit open homes and enquire about listings in markedly increased numbers. While that doesn’t […]
Filed under: REAL ESTATE | No Comments »
An interesting trend coming out of Australia is the growing number of landlords who promote their rental properties as being “Pet Friendly”. Clever thinking when you realize that over 60% of households have at least one pet. Weekly rental costs are a little higher to take care of cleaning etc but it seems these homes […]
Filed under: REAL ESTATE | No Comments »
It’s all been said these past few days as the country comes to terms with New Zealand’s largest natural disaster ever. More properties damaged, more workplaces debilitated, more roads and overall infrastructure destroyed in the area than in any single event in our history. Over 450,000 people are directly impacted by the event. To complete […]
Filed under: REAL ESTATE | No Comments »
For those in the current position of seeking work, who are involved (or would like to be involved) in the construction allied sectors, building supplies, heavy machinery and transport, valuation and planning sectors and more … all will benefit from the huge demands the resurrection of Christchurch will require. Rough estimates from Treasury indicate that […]
Filed under: REAL ESTATE | No Comments »
We’ve said it before, but tenants, on average, are seeking more comfort for their dollar these days and after such a long wet winter it seems those demands will only grow. Astute landlords are reviewing insulation, water proofing, heating and décor as they compete for the attentions of discerning tenants.
Filed under: REAL ESTATE | No Comments »
One thing we can say is that there are buyers in the wings for farms and run-offs but they remain conservative in their offers and challenged by the equity demands of lenders. Corporate buyers are less significant players in the market than in recent times.
Filed under: REAL ESTATE | No Comments »
Good news from Dr Bollard recently! In raising the Official Cash Rate -the device that sets virtually all lending interest rates- by 0.25%, he commented that in view of the sluggish internal economy, he felt it unlikely that interest rates would rise much more in the next 18 months. Many will now adjust to Variable […]
Filed under: REAL ESTATE | No Comments »
Once the new rules regarding depreciation on property investments were made clear in the Budget, those multiple-property owners exposed to financial stress had several months to decide and act on their response. What we are seeing already is that a proportion, certainly a minority, are quietly placing on the market those properties they believe they […]
Filed under: REAL ESTATE | No Comments »