Archive: 2009
Letting services under the spotlightLetting services will be under the spotlight after the government decided against including property managers in tighter regulation for real estate agents, according to a cabinet document. Political & Regulatory Report for July 2009An update on the Residential Tenancies Amendment Bill, Property Managers Review, Home Insulation, Associated persons rule and the No Asset Procedure. Bollard holds OCR at 2.5%Reserve Bank Governor Alan Bollard held the official cash rate at 2.50% as expected and said while economic activity showing signs of stabilising, the high New Zealand dollar was helping to keep the economy "weak." The Kiwi tumbled after his statement. Landlords support updating of 23 year old RTAThe New Zealand Property Investors' Federation (the Federation) briefed the social service select committee on the Residential Tenancies Act Amendment Bill yesterday, Wednesday 29 July. Building law being streamlinedA bill aimed at speeding up the building consent process and reduce costs is set to become law, after making its way through Parliament. HNZ to launch new Options and Advice serviceHousing New Zealand is launching a pilot of an Options and Advice service in eight of its Neighbourhood Units on 12 August. Building consents drop in June, due to apartmentsNew Zealand home-building consents tumbled in June, reflecting a drop-off in apartments from the previous month and the continuance of broadly weak issuance levels. Ways of acquiring commercial propertyYou may have been thinking of diversifying your residential property portfolio and exploring the possibility of commercial property. Here are some options. Repairs and maintenance in rental propertiesLandlords and tenants have a shared responsibility to keep a rental property in good condition Surge in demand for serviced apartmentsTwo and three-bedroom serviced apartments in Auckland's Viaduct are doing exceptionally well in the recession, according to David Graham of Quinovic Viaduct. Property prices expected to fall further despite recent rise.Just when you thought you had the property market figured out, think again. Property indicators on the way upThe New Zealand housing market showed signs of life in June, according to the latest Property Cycle Indicator. Over-extended property investors being forced to sellTerralink says investors who over-extended themselves during the property boom are being hit hard by mortgagee sales. NZPIF submission on the RTA Amendments Bill Pt 1This submission was forwarded early in July and the NZPIF will be making an oral presentation on 28 July to the Social Services select committee. NZPIF Submission to the RTA Amendments Bill Pt 2The second half of the submission from Clause 22. Rents hit by oversupply of propertyAn oversupply of residential rental properties is putting pressure on rent prices, which reduced by an average of 3.5% across the country in the past three months, First National Group reports. Increased optimism in the property marketIn the second quarterly survey of the New Zealand housing market carried out by QV.co.nz there are signs of improving optimism.
Veda’s new credit rating product receives mixed response from property investorsCredit rating agency Veda Advantage’s product overhaul has received a mixed response from property investors as they prepare for the new scoring system to come into effect next week. Risky property cycle needs to be brokenWith signs of recovery getting stronger, the worry is growing that nothing is going to change. Migration keeps property market chugging alongANZ National Bank’s eight gauges of the housing market have reiterated the support the sector’s found with burgeoning net migration, but with a slowdown in winter typical, “it won’t be until spring that we will get a clearer picture.” Lift in market activity continuingThe property market is continuing to experience significantly higher levels of sales activity compared to 12 months ago and many are selling at auction, according to Harcourts' latest statistics. Loan scheme extension to aid first-home buyersLending limits for "Welcome Home" loasn for the first home buyers look set to increase next month, opening the scheme up to low-income home-buyers in parts of Auckland and Tauranga for the first time in several years. New sale and purchase agreement on its wayA new plain English Sale and Purchase form has been developed by the Real Estate Institute of New Zealand (REINZ) which will be available to vendors and purchasers this week. Rural property reaches realistic levels after 'euphoric' highThe "euphoria" created by the hefty Fonterra payout last year has evaporated, bringing the rural property market back down to more realistic levels, the latest Real Estate Institute of New Zealand (REINZ) Rural Market report reveals. Landmark eviction case could damage the rights of NZ landlordsThe Property Investors Federation has raised concerns about a landmark eviction case in Wellington, which they say could damage the rights of landlords nationwide. Results: 1-25 of 39 |