Tick tock, take stock
Friday 13th November
Hi
REINZ statistics out today show the "boom" continues to gain momentum, with median house prices at a 10-year high.
But take heed, as the undercurrents at work in the market are starting to emerge. Westpac economists warn that another correction is in the pipe-line, due to surface towards the end of next year and that current growth is unsustainable due to under-supply kick-starting the building sector and rising mortgage rates.
Also in the news this week are warnings for leaky home owners, banks and the government.
Now would be a good time to pause, take stock of the market and proceed with caution. We all know positive growth doesn't last forever.
Have a great weekend.
Warm regards
The Landlord
Latest News
House prices hit 10-year high amid declining sales numbers
New Zealand house prices hit a 10-year high for the month of October amid a decline in the volume of sales as fewer properties are put on the market. View More
Cowboys targeting leaky home owners
Leaky home owners are being warned to watch out for cowboys looking to make a quick buck from over-priced repair work, says the NZ Building Industry Federation. View More
Prices to continue upwards for some time yet
House prices are set to rise for "some time yet", with price inflation heading for double-digits by mid-2010, although the dream run may be relatively short-lived. View More
Return to riskier mortgage lending a dangerous game
Easing lending criteria and higher loan-to-value ratios could potentially see the country return to a debt-fuelled housing cycle and dampen the recovery seen thus far, warns Reserve Bank Governor Alan Bollard. View More
Call for govt to step in with mortgagee sales
The government is being called on to purchase the properties of home owners who default on their mortgages in a bid to save them from being forced into mortgagee sale. View More
|
L A T E S T H O T L I S T I N G
|
|
Latest Product
 From 0 to 130 Properties in 3.5 Years
Revised and Updated
By Steve McKnight $36.95
Available early December 2009, pre-order your copy today and receive free shipping*
Includes 6 must read new chapters, plus Steve's new #1 rule for finding positive cah flow properties.
Australia's #1 best-selling property book just became even better. Revised and updated to fully reflect current market conditions, this new edition of Steve McKnight's first bestseller definitively answers the two key questions in every investor's mind:
*Is now a good time to buy property?
*What should I do to make the most money possible?
From 0 to 130 Properties in 3.5 Years, Revised Edition is sure to appeal to a new generation of investors, as well as those who bought the first edition and want McKnight's latest thoughts on how to use real estate to make money.
*Pre-order your copy before midnight on November 16th and receive FREE shipping.
*F R E E S H I P P I N G*
Receive free shipping on this product if you place your order by midnight November 16th. (save $4.75).*
Order online at www.goodreturns.co.nz/books or contact us on 0800 345 675.
To redeem this offer, enter the code MCK11 in the discount coupon box at payment or mention it to us when you call.
COUPON CODE: MCK11
Diary
 Next week some of the top property industry leaders are holding seminars to help you, property investors, navigate and strategise your way through the property downturn.
Property Plus hosts an evening with Sir Roger Douglas; Kieran Trass holds his final 2009/10 Property Cycle Update Seminar for the year; and Dean Letfus presents Retire in 2010 from property, a one day seminar to help you retire through property.
Be sure to check out the details in our Diary page.
If you want your event to be listed please email info@landlords.co.nz
|
