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The Landlord
The Landlord
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Auckland City Centre rents down 31% over year to May, Crockers

Wednesday 15th of June 2011

While nationwide rents for one, two, three and four bedroom properties all rose over the year to May, up 5%, 2%, 3% and 5% respectively, within Auckland the Crockers data revealed some extreme fluctuations across property size and areas.

The four bedroom market saw the largest rise, with a property in One Tree Hill/Ellerslie up 31% from $520 to $680.

The largest fall in the four bedroom market was seen in Mt Roskill, where rents fell 13% from

$565 to $490.

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Latest Comments
Advisers embrace Westpac after trail commissions removed
@Paul - maybe so, but that's a hypothetical claim for which there is no evidence. The reality is that here, and from the recent UK report on risk commissions, there appears to be no empirical evidence that remuneration is the dominant influence in product recommendations from intermediaries. Whether we ever move to a fee charging environment in the mortgage advice space seems unlikely. The UK report suggested that the research identified no significant client harm based on adviser commissions.
7 hours ago The Laird
FMA wants clearer fees
The Report (p.14) contains the following recommendation for FAPs: "Disclose commissions as a dollar figure. While commissions can be disclosed as either a percentage or dollar figure, we consider disclosure in dollar terms to be good practice to assist with investors readily understanding what the adviser will get out of the advice process." Disclosing commission in dollar figures was one of the 3 options floated in the April 2018 Disclosure Requirements discussion paper from MBIE. This option was ultimately rejected in favour of a principles-based approach. The examples of commission disclosure in the resulting Regulations ("Connor and Ari") are expressed in percentage terms. While the FMA may hold the view that disclosure in dollar terms is "good practice", this is not where the regulations landed at the conclusion of the 2018 consultation process.
3 days ago Paul Flood
Advisers embrace Westpac after trail commissions removed
@The Laird - No, not really. The headline of this article could equally have been: "Advisers embrace Westpac after upfront commissions increased to highest across the main banks."
3 days ago Paul Flood
Advisers embrace Westpac after trail commissions removed
Doesn't this result call into question the criticism from certain quarters that Mortgage Advisers are driven predominantly by commission considerations?
3 days ago The Laird
FMA wants clearer fees
@first time caller - I can see the complexity you highlight, but as above, investors should be able to see what they are paying without having to reference multiple documents. Investment admin can track and report deductions for tax, withdrawals, fees et al, would be /should be straightforward to aggregate advice fees into costs at member level... at least I hope so.
4 days ago Goldcard