Interest rates are at an all-time low but access to funding for rural property is becoming more difficult. The Reserve Bank’s proposal to increase capital requirements will reduce the banks’ ability to lend, at least until their reserves are built up, and could increase the cost of capital as the banks move to protect their margins.
Topics: Rural, Rural market, Lifestyle and rural property
New tenancy legislation was passed on 30 July 2019 which will affect landlords and tenants. These changes take effect on 27 August 2019. The bill amends the Residential Tenancies Act 1986 (RTA) and addresses tenant liability for damage, unlawful residential premises and contamination of rental properties.
Topics: Industry Update, Property Management, legislation
Whether you love the thrill of an auction or your knees tremble at the thought, auctions have become the preferred method of selling property in most of the major centres across the country.
Topics: Auctions, Residential, Selling, Buying, Advice
This issue of Property Focus features:
Topics: Auctions, Newsletters, property focus, buying and selling
Owning property is an excellent way to build wealth. Historically, property has been a less volatile investment with real estate values invariably tracking upwards over time. What’s more, you have the added benefit of being able to “leverage” your existing real estate investment to buy an investment property using borrowed money and grow your property portfolio even further.
Topics: Industry Update, Property Management, Property Management Focus
If you’re planning on selling your home, the kitchen is a great place to start to add value. The kitchen is one of those spaces that can make or break the sale for many buyers, but before you make the decision to totally gut your kitchen and start again, here are some tips on how to get the best out of your existing kitchen without breaking the bank.
Topics: Residential, Selling, DIY, Advice, Renovations
In recent Tenancy Tribunal cases, adjudicators have awarded exemplary damages against both landlords and property managers when there has been a failure to provide and maintain premises in a reasonable state of repair. This will be extended to include failure to meet the new insulation standards from 1st July 2019.
Topics: Industry Update, Property Management, Property Manager, Harcourts Property Manager
The latest issue of Property Focus is out now!
Featuring articles on:
Topics: Newsletters, Residential, property focus, buying and selling
The retail sector in New Zealand is going through a period of rapid and unprecedented change, and retailers need to adapt fast to stay afloat.
Topics: Industry Update, Commercial, NAI Harcourts, Commercial Property
There is some trepidation amongst private sector landlords at the prospect of meeting the new healthy homes standards for rental homes that have been set by our Government. However, we must not lose sight of why these minimum standards have been created and what they will ultimately achieve.
Topics: Property Management