Archive: 2008
Rental house of horrorsUnwary landlords can find themselves caught up in a host of financial implications and be burned when they discover the cost of owning a rental property Thomas Chin reports on legislation of interest in 2009When Parliament resumes in February 2009 there will be two major pieces of legislation and other business of interest to property investors. President's December reportFindings of the Survey for Ministry of Justice Review Team.
Check the property market while in relaxed holiday mode.
New style membership cards being designed.
Best wishes for Christmas and the New Year.
Bernard Hickey: Property pain only just begunIt is tempting to think the worst is over for the housing market. Simple steps to increase your home's valueDuring the property market's heated phase,home owners saw the value of their houses soar without having to do so much as lift a paintbrush - but the sands have now shifted Kiwis looking at property againA second survey this week confirms the view that people are interested in buying property again and expect house prices to fall further. Mortgage borrowing strategyThe ANZ economists in the December Property Focus recommend fixing for six months to a year. Officials paint gloomy pictureGovernment officials have produced a gloomy outlook for the property market for incoming Minister of Housing Phil Heatley. Tauranga: Bargains in the bayTauranga’s property market has been turned on its head by the current climate. Although some parts of the Bay of Plenty city and surrounding areas have finally reached the bottom, others are yet to hit. Adrienne Jervis talks to locals with their finger on the pulse to gauge the market from an investor’s point of view. NZ Housing most affordable since 2005 - reportEconomic times may be tough but the good news is that housing in New Zealand is becoming more affordable. Fears of 35,000 jobs to go in NZ constructionAs new figures continue to emphasise the fall off in house building, there are fears 35,000 jobs could be lost in the construction sector. Default on rental debt leaving landlords out of pocketSome landlords are being left out of pocket due to an increase in the number of applications for no-asset procedures (NAPs) through the Insolvency and Trustee Service. House prices fall but signs point to 'slight' recoveryNational property values have dipped again this -month - but the slide may be bottoming out, according to figures from Quotable Value. Interest rates slashed to 5pc, banks cut floating ratesThe Official Cash Rate axe has swung again, with the Reserve Bank Governor Alan Bollard cutting official interest rates by 150 basis points - a 1.5 percentage point cut leaving the rate at 5 per cent. Landlord insurance bill withdrawnA private member's bill which would have required landlords to insure their tenants has been taken off Parliament's agenda. December '08 Issue01 Dec 2008 more >> President's November ReportNew Minister of Building and Construction.
Effects of the global economic crisis.
Meeting of DBH National Customer Service Council.
Survey for Ministry of Justice Review Team.
2008/2009 NZPIF Executive.
POLITICAL & REGULATORY REPORT for NOVEMBER 2008POST-ELECTION – NATIONAL-LED GOVERNMENT
A National Party led coalition with the ACT Party, the United Future Party and Maori Party is the new governing arrangement for the next three years.
Bank moves makes it harder to buy a homeNew Zealand's largest banking group has doubled its minimum mortgage deposit, leaving would-be home buyers needing to find tens of thousands more before buying. Longer fixing now an optionMortgage rates are looking festive as they continue to register scores of reductions by lenders. Interest tumbles in face of crisisReserve Bank Governor Alan Bollard is expected to hack more than 1 per cent off the official cash rate next week in an attempt to bring down interest rates and revive the flagging economy Leap in Tenancy Tribunal applicationsIncreasing financial pressures have seen a spike in the number of applications to the Tenancy Tribunal, mainly relating to unpaid rent. BNZ goes below 7 per cent mortgage barrierBNZ is throwing down the gauntlet to other banks in slashing its lowest mortgage rate today to below 7 per cent. Bernard Hickey: Mortgage pain on the riseThere is one sure way to capture the mood of the real estate market and economy right now. Go to Trade Me or realestate.co.nz and search for properties with the word mortgage Agents feel the effect of market in doldrumsThe volume of unsold houses in the country's northern region is rapidly rising and prices are taking a hammering. Results: 1-25 of 184 |