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, 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
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
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
Does the age of an investor make a difference to their investment preferences and what they plan to do with their money? Find out more in this weeks issue of Tony’s View.
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