Is Buying a House Risky?

According to QV.co.nz, the Average Value in March 2017 is higher comparing to the Average Value in March 2016. In terms of the whole Auckland Area, the Average Value is now $1,045,365 and was $931,061 at the same period last year. It is never too late to buy a house, no matter it is for investment or for your own home. Regarding to Stuff.co.nz, the typical value of a first home on Auckland’s North Shore is now $777,000. In Hamilton, it is $469,750, in Wellington, $592,300 and Christchurch $382,250. That means, even with a 20 per cent deposit, buyers are

Read more

The Power Of Airbnb -Wellington’s rental squeeze could worsen as homeowners choose Airbnb over Renting

According to stuff.co.nz, Airbnb’s growing popularity could see the already scarce number of rental properties in Wellington diminish even further over the next five years, and industry insider says. Airbnb is poised to become even more of a factor in the capital’s rental crises as more and more landlords turn over their flats and apartments exclusively to Airbnb management companies, rather than renting them out the traditional way. Airbnb is taking away rental stock from traditional long-term tenants. We all need rentals but as this catches on and tourism increases it’s going to be a problem. How Does Airbnb Work?

Read more