Lockdown Means Potential Selldown Property investors are being hit by a “perfect storm” that is predicted to drive many out of the market during the lockdown. Rents have been frozen and evictions are on hold for the next three months as the country responds to the Covid-19 outbreak and lockdown. Tenants can still terminate their Read more about Lockdown ‘final straw’ for worried property investors[…]
Auckland’s housing crisis is now so bad the Mayor wants to try and convince people with empty investment properties to let homeless people live in them. They’re what are known as “ghost-houses” and they’re becoming more and more common. Now there’s a push to get homeless people into them due to how limited supply is. Read more about Push for people to allow homeless to live in empty investment properties[…]
By Lawrence Watt There is hesitation in the New Zealand housing market. Some of it is fuelled by legislative changes, such as the extension to the bright-line test and the foreign buyer ban. And some of it is fuelled by events in Australia, where house values have dropped 10 per cent and major financial institutions Read more about Property market forecast: What the experts expect[…]
The demand for rentals is growing at three times the rate of home ownership in New Zealand, a new study says. In its new paper ‘Beyond Renting’ by the Salvation Army’s Social Policy and Parliamentary Unit, the effectiveness of the Government’s KiwiBuild initiative is called into question.
Have Auckland journalists gone Awol? Why aren’t they investigating Auckland Council’s inefficiencies and excessive costs relating to building and resource consents?
Intensification of a once-rural West Auckland suburb draws closer as notification of changes to land zoning is approved. Auckland Council’s planning committee approved public notification of the rezoning of 360 hectares of land in Whenuapai for industrial and residential development on September 5. The first precinct to be rezoned stretches along the northern side of the Read more about First development areas in Whenuapai to be notified for rezoning[…]
Average Auckland house price inches back to $1.1m; National average rises to $628k; Uncertainty remains over whether LVR restrictions and looming interest rate rises will keep slowing house price growth. Lending restrictions and looming interest rate rises are subduing rampant house price growth, but question marks remain over whether the slow-down is here to stay. Read more about Average Auckland house price inches back to $1.1m[…]
Inner-city pads climb as much as 49 per cent in year as baby boomers move from suburbia. The average asking price for an Auckland apartment has risen fast as homeowners look for alternatives to pricey stand-alone homes. Trade Me yesterday released its average asking prices for property in Auckland and the price of apartments on Read more about Property rise shock: Auckland apartment prices shoot up 49% in 12 months[…]
Below is an article that was in today’s NZ Herald, reflecting a fair representation of the rental market. This also follows on from my earlier blog comments. Happy reading: “Renters can strike a bargain when moving into a vacant property but they won’t avoid rental price increases, a property expert says. Property developer and commentator Read more about An expert’s opinion on rental prices[…]