“No tenant should have to live in a mould-ridden unit,” said Andrew King, Executive Officer of the NZ Property Investors’ Federation the national organisation representing landlords
NewsWednesday, Nov 13, 2013
Low-deposit loans for housing construction make up a very small part of the mortgage market, the Reserve Bank said today.
Sales volumes eased in October but prices continued to rise, the latest data from the Real Estate Institute shows. There were 6778 residential property sales in the month, up 2.1% on October last year and up 0.9% compared to September.
There are more people pleased that house prices are rising than worried about them, BNZ’s latest consumer confidence report shows.
Labour took the opportunity to unveil its Kiwibuild policy at their conference last weekend. The leader, David Cunliffe, announced that the party would build 10,000 homes in Canterbury over four years as part of this new policy.
Builders have a clear message for the Government: Hands off our industry.
The OECD has just released its latest Better life index, which shows that New Zealand is slightly below average for disposable incomes and the second highest country for housing expenditure as a percentage of gross disposable income.
Nine out of ten investors think the new loan-to-value restrictions will have no effecr on their buying behaviour over the next year, Crockers research shows.
Loan-to-value restrictions will be felt least in the cities with the hottest prices, QV said today as the organisation released its latest statistics.
More people may decide not to sell their properties by auction over the next couple of months as loan-to-value restrictions kick in, the Real Estate Institute says.
Wellington City Council is among four councils investigating a "warrant of fitness" for private rental homes, potentially beating the Government to the punch.
Buyers had more properties to choose from in October than they have had in quite a while, Barfoot and Thompson’s latest figures show.
New Zealand could learn something from Texans when it comes to policies relating to housing development, a report by the NZ Initiative says.
It will take a combination of a hike in interest rates and more houses being built to take the heat out of the Auckland housing market, ASB’s chief economist says.
New houses, which add to Auckland’s housing supply, should have been exempt from the LVR restrictions, a broker who specialises in construction finance says.
Asking prices have reached another all-time high and the loan-to-value restrictions have not slowed investors’ intentions of buying, two sets of data released today show.
City apartments are finding favour with investors again, and Auckland looks to be on the cusp of another building boom.
Landlords need to look after their customers and keep their rental properties warm and dry, says the president of the Independent Property Managers Association.
Young people are turning into investors rather than first-home buyers because of the loan-to-value restrictions, BNZ chief economist Tony Alexander says.
Capital gain is still overwhelming the main reason why people choose to buy an investment property, the latest Crockers Property Investment Index survey shows.
A capital gains tax has been recommended by Treasury, as a long-term measure to keep a lid on house prices. The recommendations were part of a series of documents about loan-to-value restrictions, released today.
A shortage of commercial real estate is looming as New Zealand businesses bounce back from the recession, real estate agency Knight Frank says.
Agents and vendors need to consider listing properties with listed prices, or by negotiation, if they want to continue to attract a range of buyers, brokers say.
A shortage is looming in lifestyle properties, particularly around the main centres, the Real Estate Institute says. There was a 23% increase in sales volume in the three months to September 2013 compared to the same time the year before.
Outright house price falls are likely by 2016, when mortgage rates will have reached more than 7%, Westpac’s economists say.
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