Auckland

Auckland turns down and OCR unchanged

Three years after the tide turned on Auckland house prices, the headlines are finally announcing the new reality. Only those with a vested interest in seeing prices higher are talking the Auckland market up at the moment. Of the independent... Read more

The pros and cons of short-stay rentals

In previous columns I have mentioned the rapid growth in short term rentals, and the opportunity it presents, especially in tourist hot spots. The growth in the number of properties listed on sites like AirBNB has been phenomenal. Some of the new... Read more

Facts, figures and property managers

Here are some tidbits from the “Interesting facts and figures” file. A third of New Zealand households are renting (589,000 households). In 1991 about a quarter were renting. It’s a growth market. The average tenancy is around 12... Read more

Getting paid

There was an interesting story in the media last week that is worth a mention. It was a story about a company going into liquidation and owing good hard working folk some $70,000. There appears to be little prospect of recovery. The story itself... Read more

Making life better for renters

Housing Minister Phil Twyford wants to make life better for renters. But in doing so, will he make life unbearable for landlords? The Government has released a discussion paper as a prelude to what will be a comprehensive reform of the residential... Read more

The rising cost of construction

Last week a China Airways flight touched down in Auckland with two hundred construction workers on board. They were brought over by a Chinese based construction company building a luxury hotel in Auckland. They are the first of many overseas workers... Read more

Insulation update

Budget 2018 included $142 million over the next four years to help 52,000 lower-income owner-occupied households insulate their homes. The new grant will cover up to two-thirds of the insulation cost (ceiling and underfloor), and will be extended... Read more

Budget 2018 – key points

A strong and growing economy is the real story behind the Coalition Government’s 2018 Budget. This is very evident from the Time Series of Fiscal and Economic Indicators which projects Gross Domestic Product (GDP) to grow $17 billion in the... Read more

Plain language and professional plundering

“Our challenge is to speak in plain English”. The new Reserve Bank Governor, Adrian Orr , was clear about interest rates last week. “The Official Cash Rate (OCR) will remain at 1.75 percent for some time to come. The direction of... Read more

Property switchers

Politicians have been giving residential landlords a hard time. It’s no surprise that some are switching to more benign investments, like commercial property. The April issue of New Zealand Property Investor magazine interviewed three... Read more