Strengthening ties
Friday 30th October
Hi
Building consents out today are up for a third straight month, yet another encouraging sign the market is slowly but surely strengthening.
In other news this week, demand for rentals is increasing and is leading to rental growth in some parts of the country. But tread carefully if planning to raise your rents; a premature move could do more harm than good, if you end up with an empty property.
We also have an interesting update on the auctions versus fixed price saga over which one is better for investors in the current market. It turns out both are, but for different reasons.
Have a great weekend.
Warm regards
The Landlord
Latest News
Building consents climb for third straight month
New residential building consents climbed for a third straight month as a resurgent housing market stoked construction activity amid strong demand for property. View More
Concerns for ageing home owners
More needs to be done to address the growing concerns of an ageing group of home owners who will likely dominate the market in years to come, according to the Centre for Housing Research. View More
Blog: Cat amongst the pigeons
The Reserve Bank governor threw a cat amongst the market pigeons this morning, defying predictions about when rates will rise. View More
OCR unchanged, rates not to fall further
Reserve Bank Governor Alan Bollard kept the official cash rate unchanged at a record low 2.5%, as expected, and dropped wording in his statement that rates could fall further, stoking speculation borrowing costs will rise sooner as the economy recovers. View More
Buy by negotiation, sell by auction
Auctions may be a good strategy for selling property in this market, but investors buying say they're a pain. View More
Rents stabilise, demand on the rise
Demand for rentals has increased over the past three months and rents have stabilised with rental growth looking healthy in some areas, according to First National. View More
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L A T E S T H O T L I S T I N G
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| Block of 4 x 3 bedrooms flats, 11% yield in Kawerau |
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Kawerau: $305,500
4 x 3 bedrooms flats on two levels with garden, all on separate titles. Currently tenanted, $640 rental per week, raise up to market rent of $160pw and increase cash flow. All renovated around end of 2007 [More] |
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