Invest in property on the North Island NZ

Investing on the North Island New Zealand has always been a good idea. However it is always beneficiary to know what can be expected from the different regions.   Auckland Auckland is the Heart of the North Island, with it’s almost 1,5 million citizens it is the biggest city of New Zealand. In 2018 the Auckland region was responsible for almost 38% of the GDP of New Zealand, based on the statistics revealed by Stats NZ Tatauranga Aotearoa. Out of all regions, Auckland has the highest median house prices, therefore investing in that region has the highest capital consumption. To

Read more

The Osaki Matrix – is the tenant liable?

In 2009 some boiling oil changed the residential renting industry in New Zealand, ending in the change of the Residential Tenancies Act in 2016. In 2009 the case of the burnt down house rented by the Osaki family got all the way through to the Court of Appeal. The outdrawn change of the law in 2016 according to Andrew King – NZ Property Investors Association – made many people seriously consider leaving the industry for good. The changes of the of the Residential Tenancies Act mean that the tenants would not be liable for unintentional damages anymore. Unfortunately damages happen

Read more

Why do you need to know about Healthy Homes Standard?

Healthy Homes Standards – what do they mean for me? According to the New Zealand Government, the healthy homes standards, which become law later this year, aim to improve heating, insulation, ventilation and drainage, reduce moisture and stop draughts to improve the quality of rental homes and to ensure all tenants to have a warm and dry home is a priority to help improve the well-being of New Zealanders and their families. Private landlords have just over two years to ensure rental properties to meet the standards to enable all renters in New Zealand to live in warm and dry

Read more

Tenant’s liability on damage?

The RTA Amendment Bill has now been passed into law and this is great news for landlords. After August 27, tenants will be liable for lesser of four weeks rent or the landlord’s insurance excess for careless damage at the property. For tenants to understand just how much they would need to pay in the event of damage, landlords now need to provide their insurance information, including the excess details. If you fail to do this, you risk being liable for a $500 penalty per tenancy. To make this process as seamless as possible, can you please fill out the

Read more

First Time Buyer? Consider these 7 Things First

First Time Buyer? Consider these 7 Things First With no doubt, buying a house is a great expected to be the biggest purchase of life for New Zealander. New Zealander always dream of having their own house whether that is a city apartment, a simple house in the suburbs or a plot of land in the country. In the context of buying a house, you may have well-thought-out of how many bedrooms you want, is there any parking lot available, and what your neighbourhood should be like. Since buying a house is a big deal, we, Metro nz Properties Management,

Read more

Miracle World of Property Management?

  While talking about Miracle that is a small world ride let us ride the world but what after the ride ends, let us tell you that, wanting to make your small home in this small world let us make your way easy, let us be the roads to your home let your dreams been seen through our eyes, giving you the best location with the best prices, where the world is really a small place to stay on but after what it all ends up at your home, all after from work till your tired day at work want

Read more

Hacks for Real Estate

Hacks for Real Estate that drive you with more leads…   #1 The Text That Makes All the Difference Does your principal follow-up scheme include text messaging? Because it should. Let’s be honest… A lot of the time we don’t contact our primes instantly (within 5 minutes of them opting in on our site) and this is probably why they don’t convert and why you’re misplacing out on capable clues. In fact, less than 5% of leads are contacted within 24 hours. And this is a big setback. The regular person’s attention distance had dipped below 10 seconds, so you

Read more

What you need to know as a property investor?

Written by: Kevin Lampen Retrieved from Stuff.co.nz   This article is written by Kevin Lampen and it is retrieved from stuff.co.nz We feel this will be helpful for our clients and investors to read through:   Q: My partner and I moved cities a couple of years ago and soon realised that the proceeds from selling our house weren’t going to be enough to buy a place in our new city. We’ve been renting ever since, watching as prices have gone ever higher. Now it looks like that rise is slowing a bit and we are thinking about buying a

Read more

Will the House Prices increase in 2019?

A latest news released was about the 2019 Election in Australia. Australian Prime Minister Scott Morrison has secured a majority government, capping off a shock result in Saturday’s election. With about 80% of votes counted, the Liberal-National coalition has now reached the 76 seats needed to control the lower house. Will this affect New Zealand house market?  House prices in Auckland fell 2.1% over the year to February according to data from the Real Estate Institute, the biggest decline since 2009. But outside Auckland, price growth has been accelerating since June last year, reaching 7.9%pa in the latest data. Auckland’s

Read more

HOW DOES THE TENANCY APPLICATION PROCESS WORK?

Dearest reader, This is a relevant post for first time tenants, landlords and anyone who is involved with renting a place to be called home. Renting can be a very exciting thing and it is where the market trends for property management is heading. Metro NZ Property Management knows that renting gives the tenant more flexibility to do as they please when it comes to travelling, choosing a new home and with the current housing situation, the main option for most part of the population. If buying a property isn’t on your priority list just yet, Metro NZ Property Management

Read more

Things you need to know when you are buying or selling property

Retrieved from Stuff.co. nz, written by Kevin Lampen, Chief of Real Estate Authority Metro NZ Property Management is licensed under REAA 2008. We can sell real estate and help people to buy. We can also help investors to manage property. We always present and process deal in a fair way that makes vendor and buyer happy. It’s a big decision to either sell or buy a property. There are many things you need to be aware before you signing up with an Agency. At Metro NZ Property Management, we always advise our client to take the Agency Agreement, or Sales

Read more

Why You Should Use Property Manager? Because They Have Tools That Private Landlords Can’t Access !!

Kiwis have the nature to DIY things themselves and they often do a good job. In regards to property management, Kiwi owners prefer managing the property by their own. However, having a right property manager from Metro NZ Property Management will be a big asset to your portfolio.  Metro NZ Property Management Managers are skilled and knowledgeable about property industry especially with the Managing Director Frank Rangi who has over years of experiences.  At Metro NZ Property Management, we are either property investors, or property graduates, or sometimes, both. We understand the legislation, and most importantly, understand your needs. The

Read more

Advantages and Disadvantages of owing rental property

Here we provide a rundown of some Advantages and Disadvantages of owning rental property and give you a few tips on how to turn a profit by signing up with Metro NZ Property Management. Advantages The advantages of rental real estate are quite substantial. When you own real estate, you own a tangible asset. You can do many things with property. You can paint it, renovate it, add value to it, and use it as leverage to buy other properties or keep it for your retirement fund. In most cases property will increase in value. Repairs and maintenance expenses and

Read more

Is Meth Test Still Necessary?

Information Retrieved from Stuff.co.nz; nzmethtesting.co.nz Landlords who forked out thousands are feeling duped after a government report busted the meth myth wide open. In a bombshell report issued on Tuesday, the Prime Minister’s Chief Science Advisor Sir Peter Gluckmanfound there is no evidence of risk to humans from third hand exposure to houses where methamphetamine has been consumed. But the meth testing industry has slammed the report, calling the office of the PM’s Chief Science Advisor “reckless”. After recent media and government attention on meth-testing in homes and rental properties I would like to give you my updated take on it all. Despite

Read more

Westpac offers ‘special’ one-year mortgage rate at 3.99%.

Are you planning to apply for a Mortgage loan? This might be a good time. Read further to get information about the current happenings in the loan market.! Metro NZ Property Management would recommend you to first get a professional’s advice. Westpac has introduced one-year mortgage rate “special”. From 18thJan onwards Westpac is providing a one-year fixed term rate of 3.99%, reducing 16 points on its standard rate of 4.15%. The offer is only limited until February 1 and is only applicable for those who have more than 20% equity and have their salary going into a transactional account at the bank. 

Read more