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Friday 11th September
Hi
Property investors could well feel battered and bruised after many of the comments made in the media following yesterday's official cash rate announcement.
I'll put it on the record now. Much of this property investors bashing is totally unwarranted. There is a perception, which is wrong in my view, that all these investors are hell-bent traders and speculators, buying and selling residential properties non-stop.
Wrong. The large majority of the investors we deal with through NZ Property Investor Magazine and www.landlords.co.nz are conservative buy-and-hold investors.
Some people chose to invest in shares, others prefer managed funds while others go for cash and fixed interest. Many people have decided that property is their preferred means of saving and providing for their retirement. There are lots of reasons for this, and all of them quite valid. They range from the desire to hold something tangible they can see, touch and feel through to having poor experiences in the sharemarket.
Finish reading my Blog here and don't forget to leave your comments.
Have a great weekend.
Warm regards
The Landlord
NZ Property Investor - September 2009
In the second instalment of our new affordable homes series, Vicki Holder explores the benefits and things to be wary of when investing in a new-build, compared to investing in existing, older properties.
In our profile this issue, Jodi Cottle has been in almost every situation investors can find themselves in, from leaky homes to nearing bankruptcy on a development. But this gutsy 26-year-old is back on the horse with big plans for the future.
September issue on sale now
Latest News
Interest rates forecast to stay low
Reserve Bank Governor Alan Bollard held the official cash rate at 2.50% today, as expected, and reiterated his view that the rates will stay low until the end of next year. View More
Reserve Bank talks down prospect of another housing boom
The Reserve Bank has talked down the prospect of another housing boom, saying the recent gains in house prices have been driven by "an unusually low number" of residential properties for sale, and this should ease as more building consents are issued to meet a surge in demand from a growing number of migrants. View More
Investing made easy: Building solid foundations
Building a residential property portfolio is not as easy as it used to be, with the tough economic times beginning to expose those who fail to plan properly. View More
Home-building lags to eight-year low
New Zealand home-building work sank to an eight-year low in the second quarter, lagging behind non-residential construction for the first time since the government statistician began the series in 1989.
View More
Migration continues to be big plus for housing market
ANZ National Bank's eight gauges of the property market found property indicators had continued to improve due to rising net migration, but warned the recent gains might not be sustainable.
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The Auckland Home Show is New Zealand's leading home products exhibition covering everything for the home; indoors, outdoors and beyond. A must for all home owners, The Auckland Home Show is five packed days of information, inspiration and entertainment with expert advice, and much more.
Several Property Investor Associations host their monthly meetings next week, be sure to check out the details of all the speakers here.
The Dept of Building & Housing continue their advanced landlord seminars about practical property management in Mt Albert, Auckland.
If you want your event to be listed please email info@landlords.co.nz
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