Independent economist, Tony Alexander, provides an update on the housing cycle and discusses where it is likely heading. New Zealand’s housing market is weak and getting weaker. The number of sales in June was down 38% from a year earlier. The average number of days taken to sell a dwelling was 13 longer than a … Read more
Independent economist, Tony Alexander, provides a market update – discussing the implications for landlords and their ability to find good tenants. As an economist, I don’t have all that much interest in the structure of the housing market. What I am interested in is how things are changing. These changes are what we need to … Read more
Independent Economist, Tony Alexander, presents a market update on New Zealand’s economy and the housing market. This is about as bad as it gets. Nothing seems to be going right for the economy, households and businesses. The pressures keep growing. Another hit for the market, the Reserve Bank is set to raise interest rates another … Read more
The average house price has fallen 7.7% nationwide, with Auckland peaking in November and the rest of NZ mainly in February. We’re probably about halfway through the pullback from absurdly high prices reached last year when a FOMO-gripped public bought anything they could get their hands on. As house prices fall further we’ll see some … Read more
Routine property inspections are beneficial for both landlords and tenants. From a landlord’s perspective, conducting routine property inspections is essential to protect your investment. They allow you to visit the property and check that everything is in working order, there is no damage to the property and that the tenants have been keeping things reasonably … Read more
Independent economist, Tony Alexander, discusses the 20 reasons why you should continue to pursue listings. In the latest edition of Tony View, Alexander suggests that keeping an eye on the rapidly rising housing stock and making improvements to purchase prices would be a good idea. Rising construction costs It is getting more and more expensive … Read more
A common cause of dispute – who is responsible for maintaining the lawns and garden of a rental property? Tenant responsibility for garden maintenance Tenants’ are responsible for keeping the rental property reasonably clean and tidy. This includes mowing the lawns and weeding the gardens where applicable. In some circumstances, your landlord may be happy … Read more
Responding to recent rental sector feedback, the New Zealand Government has agreed to make amendments to the current Healthy Homes Standards. The changes will impact the heating, ventilation and moisture ingress and drainage requirements for rental properties. Heating Moving forward, the heating requirements will take into account the heightened thermal performance of new homes built … Read more
To furnish or not to furnish? Historically, landlords who rent out furnished properties find themselves collecting higher rent than those renting out their properties unfurnished. However, a number of factors will determine the value of furnishing your rental property – including the type of property you’re renting, the location of the property and the type … Read more
Tenancies aren’t one size fits all – there are different types of tenancy agreements that you may have. The most common being periodic tenancy or fixed-term tenancy. It is important that you understand the unique set of rules that accompany your tenancy prior to signing the agreement. Periodic Tenancy Periodic tenancy agreements have no end … Read more
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