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,

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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. 

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LANDLORDS WARNED BY REINZ TO INSULATE RENTAL PROPERTIES OR FACE FINE OF $4000

As the New year has started and people are steadily returning back to work from their vacation, the Real Estate Institute of New Zealand (REINZ) is cautioning landlords that they need to insulate their rental property till 1st July 2019 or else the can face a fine of up to $4000 from the Ministry of Business, Innovation and Employment (MBIE). Chief Executive at REINZ, Bindi Norwell stated, “from 1st July 2019 ceiling and under floor insulation will be compulsory in all rental homes across New Zealand. That deadline is now less than six months away, and MBIE has warned that it

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WHAT TO EXPECT FROM 2019 PROPERTY MARKET

WHAT TO EXPECT FROM 2019 PROPERTY MARKET 2018 has been an interesting year for New Zealand’s Property market. With steady volumes and values indicating reliable growth across New Zealand, however notably the market interest mostly concentrated on the recent government policy and measures to curb property conjecture. Below mentioned are the summarized key topics on the property and economic outlook for 2019. LVR Modification: Lightening the restrictions of the LVR from January 2019 onwards will be the initial landmark. However, the effects the changes that might have on the market will be watchful as it is expected that the banks

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The Reserve Bank to relax the speed limits on High Loan to Value Ration Lending and additionally ​more loosening of the rules expected in the future.

The Reserve bank has pronounced to lighten the rules about the high loan to value ratio (LVR) housing lending in an expected move that might encourage the housing market. The development was announced on 27thNov as part of the bank’s latest Financial Stability ReportFrom 1 January 2019: Up to 20% (increased from 15%) of new mortgage loans to owner occupiers can have deposits of less than 20%. Up to 5% of new mortgage loans to property investors can have deposits of less than 30% (lowered from 35%). This is the next lightening of the LVRs, first introduced in the year 2013, which the RBNZ has

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Parliament votes to pass the legislation for BANNING the letting fee.

The Parliament has voted to pass the legislation to ban the letting fee from 12th December onwards. The housing minister Phil Twyford said that letting fees are unfair for the tenants and banning it will be a good initiative in improvising the conditions for tenants, while in the long run, they are still reviewing the Residential Tenancies Act. He stated “Our tenancy laws are antiquated and don’t reflect the fact that renting is now a long-term reality for many of our families. Around half of New Zealanders now live in rented homes. This change could put up to $47 million

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