Otago Property Investors Association Inc
Phone: 03 477 6220
New Zealand's largest banking group has doubled its minimum mortgage deposit, leaving would-be home buyers needing to find tens of thousands more before buying.
Mortgage rates are looking festive as they continue to register scores of reductions by lenders.
Reserve Bank Governor Alan Bollard is expected to hack more than 1 per cent off the official cash rate next week in an attempt to bring down interest rates and revive the flagging economy
Increasing financial pressures have seen a spike in the number of applications to the Tenancy Tribunal, mainly relating to unpaid rent.
BNZ is throwing down the gauntlet to other banks in slashing its lowest mortgage rate today to below 7 per cent.
There is one sure way to capture the mood of the real estate market and economy right now. Go to Trade Me or realestate.co.nz and search for properties with the word mortgage
The volume of unsold houses in the country's northern region is rapidly rising and prices are taking a hammering.
Investors in the listed property sector can expect falling returns and are being advised to diversify for tougher times
In their November Property Focus, ANZ economists say the Reserve Bank is New Zealand is now branishing some larger calibre weaponry to restore economic sentiment and market stability. They expect the newly elected government to do their utmost to stamp their mark on things too.
Mortgage rates are on the way down today, with two banks - Westpac and Kiwibank, cutting rates in anticipation of another Official Cash Rate cut
AcQuire Property has launched Residential Management, a full property management service, that is offering to manage properties at a flat rate of $899 a year.
A copy of Cliff Seque's November presidents report
Otago Property Investors starts a "Woman in Porperty Group"
The new Government appears likely to keep real estate agent laws introduced by the previous regime but is aiming to make big changes to other poperty rules
House prices in Auckland and nationally are up and agents say a rosier picture of the market is finally beginning to emerge
Receiving each issue of the Otago Investor is one of the benefits of membership of the Otago Property Investors' Association
Real estate agency leaders are feeling positive about the future under the National-led Government.
Tenancy Tribunal applications have increased by 16% over recent months with most of these cases relating to rent arrears.
Residential property prices fell 1 per cent in October, taking the annual decline to 6.8 percent, according to QV Valuations
Otago PIA won the Harry Lawson Cup this year. This win acknowledges our excellent achievements during the year. Eleven other Associations competed for the Cup.
Although the Salvation Army has identified a shortage of 2,500 homes in Auckland, the number of available rental properties is now 5,500 (1,600 increase since May) and there are 18,000 houses for sale.
Mortgage rates are coming down, say ASB economists, making it risky to fix an interest rate for too long.
House and appartment buyers are unwittingly stumbling into the leaky building disaster, tempted by cheap properties with serious hidden defects.
Sadly, the arrival of summer also means an increase in work for the Tenancy Tribunal when landlords and tenants face additional costs, and many New Zealanders move house
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