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How does your rental rate?
(14 Oct 2007)
Sunday Star Times journalist, Greg Ninness, lists some of the key indicators that could be pointers to an investment property's performance.
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Housing: it's a buyers market
(12 Oct 2007)
The property market has hit the brakes for the third month in a row, with the latest official figures showing that the average sale price of a home falling below $400,000.
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Inland Revenue alerts tax professionals
(12 Oct 2007)
The first Alert looks at the practice of selling the family home to a Loss Attributing Qualifying Company (LAQC) to generate tax deductions.
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Home prices rise $50,000
(09 Oct 2007)
Ruth Hill reports in the DominionPost that despite rocketing interest rates and the Government's best attempts to rein in rampant property speculation, house prices nationwide are still nearly $50,000 higher than they were a year ago.
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BNZ denies it's re-entering broker market
(08 Oct 2007)
Speculation has been rife recently that the Bank of New Zealand plans to re-enter the mortgage broking market.
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Residential Tenancies
(28 Sep 2007)
ACT – Reforms
In a speech to Wellington property investors (25 September) the Minister for Building & Housing Clayton Cosgrove highlighted some key reforms planned for the Residential Tenancies Act.
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Rates continuing to move in the right direction
(28 Sep 2007)
Homeloan rates are continuing to move in the right direction for anyone seeking a mortgage at the moment. But it is still too early to declare that a new mortgage war has broken out.
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Cautious predictions over slowing economy
(24 Sep 2007)
Nick Churchouse reports in the Dominion Post that predictions of a slowdown in the economy are cautious as activity bolds reasonably steady despite continued global activity.
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High rise investments continue to fall to earth
(21 Sep 2007)
Anne Gibson reports that an analysis of the poor financial performance of Auckland's apartment market showed some units had had a quarter of their value wiped out.
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Tentative signs of rate competition
(21 Sep 2007)
The first signs are emerging of a spring campaign amongst banks for home loan business. As reported in Good Returns Kiwibank was the first to move.
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Houses unaffordable
(17 Sep 2007)
First home buyers were literally shut out of home ownership through record unaffordability in August, according to a survey released yesterday.
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Slim pickings as house sales continue to drop
(14 Sep 2007)
Anne Gibson reports in the NZ Herald that house prices are growing fatter but sales turnover is almost anorexic and agents are complaining about the skinny pickings.
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Top Mortgage Broker named
(14 Sep 2007)
The New Zealand Mortgage Brokers Association named its top brokers for 2007 at its annual conference in Rotorua on the weekend.
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Bank loan funding costs at 10 year peak
(11 Sep 2007)
The Good Returns mortgage rate table is awash with red this week as lenders push rates up even though there has been no change in the official cost of borrowing in New Zealand.
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State prop-up for housing market counterproductive in long run
(31 Aug 2007)
The Salvation Army represents low-income New Zealanders and obviously has their interests at heart with its suggestion that the Government increase its spending on housing for low-income earners and beneficiaries.
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Rents rising across the country
(27 Aug 2007)
House prices may be flattening but renting is becoming more expensive.
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John Key on housing affordability
(23 Aug 2007)
The Leader of the National Party spoke recently to the NZ Contractors' Federation on the impact of the NZ economy on the construction industry.
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Brash expects house prices to tumble 10%
(19 Aug 2007)
Former Reserve Bank Governor Don Brash is picking house prices could tumble by up to 10% in the next year as the already cooling NZ property market is further threatened by the volatile international economy.
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Loan Market looks to 'life' for growth
(17 Aug 2007)
Loan Market mortgage brokers could be cross-selling up to 70% of their lending clients into insurance products, according to the group's CEO, John Tanner.
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Signs grow of cooling housing
(13 Aug 2007)
Kelly Andrews of the Dominion Post reports on fresh evidence of a cooling housing market coming from a report predicting growth in property values could soon slip back to single figures.
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Top property investor selling up
(10 Aug 2007)
One of New Zealand's top property investors is selling up his portfolio because, as Greg Ninness discovers, he sees the credit crunch as the beginning of the end.
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MPs grill Bollard over interest rate hikes
(06 Aug 2007)
Reserve Bank Governor Allan Bollard has warned MPs that they will fight the next election campaign amid the highest interest rates in recent times.
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The official cash rate (OCR) increases to 8.00%.
(06 Aug 2007)
The OCR will increase by 25 basis points to 8.00%. Reserve Bank Governor Alan Bollard said: 'Domestic demand has grown strongly since late 2006, particularly in the household sector.'
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Inquiry into the Future Monetary Policy Framework
(31 Jul 2007)
Written submissions to the inquiry into alternative ways to control inflation closed during the month (19 July).
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Mental health consumers given helping hand by 'friendly' landlord initiative
(27 Jul 2007)
A new Hawke's Bay initiative is helping people with mental health issues find a rented home without having to spend months on a waiting list.
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