Marlborough Property Investors' Association

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Archive: 2014

Harcourts picks rising prices

Harcourts agents have noticed increased interest in the market from property investors, the company’s latest MarketWatch report says. The real estate agency reported an average sale price of $665,726 for residential property in the Auckland and Northland region in January.
11-02-2014 more >>

Westpac: Market past peak

New Zealand's housing market has definitely passed its peak, Westpac's economists say. The bank has issued its latest Quarterly Economic Overview. In it, it says there is no doubt that the market has started to slow.
11-02-2014 more >>

QV blames LVR rules for slowing growth

Growth in property values slowed considerably in January, QV says, pointing the finger and loan-to-value restrictions and rising interest rates. It has released its latest statistics, which show nationwide values have increased 9.6% over the past year and 2.2% over the past three months.
10-02-2014 more >>

Mayor: Bumper year for housing

Auckland’s mayor claims the city is entering a growth phase for home building. He was speaking at an event to mark the start of construction of Brickworks, the city’s latest apartment development, at Hobsonville Point.
07-02-2014 more >>

Vendors treated as pawns: Helm

Vendors are losing out as agents battle Trade Me over fees, one commentator says. Groups of agents in some parts of the country have boycotted Trade Me after the company announced price rises. It has stopped charging a fixed fee to list all their properties to a fee of $159, plus GST, per listing.
07-02-2014 more >>

Trial underway for Warrant of Fitness for rental homes

Jackie Thomas-Teague President of the Wellington Property Investors' Association is interviewed regarding an assessment of one of her rental properties.
06-02-2014 more >>

Cheaper sales pick up: Barfoot

Barfoot and Thompson has reported renewed interest in the cheaper end of the market. The Auckland real estate agency has released its statistics for January. During the month, 334 homes were sold for less than $500,000 or 39.1% of all the homes sold.
05-02-2014 more >>

New listings growth seen as buyer interest surges to record high

Record traffic numbers to Realestate.co.nz’s various sites indicate a current increase in buyer interest and demand for homes. Over 1.65 million visitors browsed for property in January on their sites
04-02-2014 more >>

Listings pick up

Realestate.co.nz reported a lift in new listings last month, helping inventory levels to recover to a level not seen since April. It followed December’s seven-year low of just 8010 new properties on the site. Thirteen of the 19 regions reported a year-on-year increase in listings.
04-02-2014 more >>

Interest rates don't dull appetite

Property owners expect interest rates to rise by at least 1% by the end of this year but most are not expecting that to have any effect on their property portfolios.
04-02-2014 more >>

Changing housing market demands more stringent tenant checks

Make sure you don’t end up having a horse showering in your rental.
03-02-2014 more >>

RBNZ governor confirms rate rise

Reserve Bank Governor Graeme Wheeler has confirmed he expects to raise the benchmark interest rate to about 4.5 percent in the next two years to curb inflation.
31-01-2014 more >>

Pressure on both sides: ANZ

There’s a mixed outlook for the property market, if ANZ’s latest Property Focus is anything to go by. The bank’s economists have issued their monthly Property Focus, reporting pressure from both directions on house prices.
31-01-2014 more >>

Tribunal applications fast-tracked

A new system designed to cut the time it takes to resolve tenancy disputes will only be available to big property management firms and Housing New Zealand at first. Housing Minister Nick Smith has revealed details of the new "Fasttrack" process for the Tenancy Tribunal.
30-01-2014 more >>

OCR unchanged at 2.5 percent

Statement issued by Reserve Bank Governor Graeme Wheeler
30-01-2014 more >>

More properties under management: Report

New Zealand landlords are becoming more likely to leave their property management in the hands of the professionals, one industry participant says. David Faulkner, of Property Brokers, said a comparison of listing websites TradeMe and Realestate.co.nz showed that up to half of all rental properties were now being looked after by a manager, rather than a DIY owner.
29-01-2014 more >>

OCR move unlikely this week: Survey

Economists aren’t expecting an increase in the official cash rate this week but it’s not can impossibility, a new survey has shown. The latest CPI data, which showed much stronger inflation than expected, had prompted some to question whether the Reserve Bank might move sooner rather than later on the rate.
28-01-2014 more >>

Tenant trouble pushes landlords to sell

Many landlords are choosing to sell their properties because of bad experiences with tenants, says the president of the New Zealand Property Investors Federation.
27-01-2014 more >>

Record price for lifestyle blocks

Loan-to-value restrictions have the potential to affect the lifestyle property market but there is no sign of them doing so yet, the Real Estate Institute’s rural spokesman says.
24-01-2014 more >>

Too soon to draw conclusions: Alexander

There is no way of knowing how long loan-to-value restrictions might affect the housing market throughout this year, BNZ chief economist Tony Alexander says. He said house prices would continue to rise as the imbalance between demand and supply at current prices showed no sign of letting up.
23-01-2014 more >>

Owner-occupiers snapping up apartments

There has been a clear move towards owner-occupied apartments in Auckland, says Martin Dunn, of City Sales. The apartment-specialist real estate agency has been operating for 16 years. Dunn said its apartment sales had traditionally been split at 30% to owner-occupiers and 70% to investors. But in October, November, December, that had changed to 37%, 48% and 44% owner-occupiers, respectively.
23-01-2014 more >>

Buyers working around rules: Harcourts

Banks are willing to turn a blind eye to borrowers who use personal loans from other lenders to pull together their deposits, says Harcourts chief executive Hayden Duncan.
22-01-2014 more >>

Housing affordability not so bad

Demographia's latest survey of housing affordability paints a depressing picture for New Zealand. But is it as bad as Deographia make it out to be?
21-01-2014 more >>

How to deal with rogue tenants

Andrew King was interviewed on RadioLive Monday 20th January regarding a house in Auckland which had been trashed by tenants
21-01-2014 more >>

Affordability report questioned

Criteria used to describe New Zealand’s housing as unaffordable are too simplistic and do not take into account the cost of borrowing, the New Zealand Property Investors Federation says. The Demographia survey compares housing costs in nine countries.
21-01-2014 more >>


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