This week, Independent Economist, Tony Alexander, discusses the (now revised) data from realestate.co.nz showing a downward trend in stocks of property listings around the country. Click here to access the full report.
Property sales are 40% down from a year ago, and days on market (DOM) is up 13 days. Property prices have fallen 9.5% from their peak in November 2021 and the number of listings is up by 104%. This profound weakness in the residential property sector has not come about because of a wave of … Read more
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
Good for the planet, your tenants, and your pocket. Making energy-efficient choices to heat your home this winter just got easier with ANZ’s new Good Energy Home Loan top-up. ANZ is committed to helping you make your property warmer, drier and more energy efficient by offering a top-up of your ANZ home loan at a … 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
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
This week, Independent Economist, Tony Alexander, discusses the everchanging Auckland housing market. The fundamentals for house prices and house construction in Auckland have shifted to the downside. Such is the nature of cycles. It is not just that interest rates are rising – Auckland’s population is shrinking. People are moving to the regions, the brain … Read more
Selling a property can be stressful for anyone, including yourself and your tenants. Therefore, it is a good idea to familiarise yourself with your rights and responsibilities as a landlord before beginning the process of selling your investment property to avoid any issues arising. Letting your tenants know you’re going to sell the property. You … Read more
The Office of the Privacy Commissioner (OPC) announced the possibility of mystery shopper spot-checks coming into play in the near future as a means to determine how well landlords are complying with the new privacy rules for the rental sector. Further guidance on the privacy changes is available here. The collection and storage of tenants’ … Read more
Want to learn more?
Quick Links
Services
Support
Social
© 2024 360 Property Management
