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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Best opportunity for First Homebuyers..!!

First homebuyers of Auckland at an advantage by $87 per week compared to 18 months back. Are you planning to fulfill your wish of having a dream house? This would be the best time. Read further to get more information! Metro NZ Property Management would recommend you to get professional’s advices first. Decreasing mortgage interest rates, marginally low house prices and gently increasing wages all are assisting in the dream of Auckland’s first home buyers. According to the Home Loan Affordability Report of Interest.co.nz for the month of September, calculates that mortgage payments for a lower quartile priced home in

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New Rules about Overseas Property Buyer

REAA has sent through a news letter to each agency about New Overseas Investment Rules. Are you overseas investment buyer? Read further to get more information! Metro NZ Property Management would recommend you to get professional’s advices first before you process your property transaction. New overseas investment rules live on Monday   The new overseas investment regime comes into effect next Monday, 22 October. From Monday 22 October, overseas people generally won’t be able to buy residential land in New Zealand unless they have a residence class visa and intend to live here. Every residential land sale will require a

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Watch Our Latest Video on Youtube!

We are pleased to announce that, Metro NZ Tube is officially online now and you can now watch all the videos of Metro NZ from Youtube. You can also subscribe our Facebook account by searching ‘Metro NZ Property Management’ to get the latest updates in Metro NZ as well as in Property Industry! Being the finalist to Westpac Business Award in Excellence of Strategy and Planning, we have made a huge effort to be stand out from the whole management industry. See what our staff say about Metro NZ and our services! Frank Rangi, Managing Director of Metro NZ Property

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Metro NZ Annual Charity Lunch for Love Soup 2018

At Metro NZ we believe businesses have certain responsibilities – we take our responsibilities seriously. This means we follow the spirit and the letter of all regulations, codes of practice and guidelines that affect our industry. Plus we take a proactive role in making the industry better, both for investors and tenants. This involves exceeding common standards of customer care and taking an active role in trade associations and industry bodies. An important aspect of doing business at Metro NZ is giving back to the community. Frank Rangi, our Managing Director, has a passion for the homeless and for those

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UPDATE ON THE OVERSEAS INVESTMENT BILL

According to Vesna Wills realestate.co.nz, at present the Overseas investment Amendment Bill is before the parliament and further amendment is required in the Overseas Investment Act 2005. The Bill is being drafted to assure that the investment made by overseas investors benefits the people of New Zealand. The Bill explains the limitation upon the type of investment can be done by overseas investors. To further clarify, the Bill will not be applicable on permanent visa holders and the resident visa holders who have spent most of their time in the country. These individuals will be applicable to purchase housing without

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Around 2000 buildings in Auckland recognized as Earth-quake prone.

  According to Dileepa from Stuff.co.nz  According to the findings of Auckland council, approximately around two thousand properties around Auckland are capable of posing a risk to the people or the properties nearby in an average earthquake. 1800 properties have been identified as earth-quake prone and the  owners have been sent notices, as well as eight council-owned buildings are also discovered to be in the same category and notices have been posted on them in the last two months. Victoria Theatre in Devonport, Leys Institute buildings in Ponsonby, Studio Toi Tu Ponsonby Road, Grey Lynn Library and three toilet blocks

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Updates on the Proposed changes to the Overseas Investment Act

According to Greg, the Government is likely to water down is proposed ban on foreign investors buying New Zealand residential property (Interest.co.nz, 19 June). Foreign Buyers would be allowed to buy into larger, multi-unit housing development such as apartment, according to Parliament’s Finance and Expenditure Select Committee. However, before Where a new development had a minimum of 20 units, overseas investors would be able to buy units off the plans, and retain them as investment properties once construction was complete. However overseas buyers would not be allowed to occupy these units themselves and there would be restrictions on how many

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Relax, Foreign Buyers!

According to Henry from Stuff.co.nz, the proposed foreign property buyers ban has been relaxed for foreign investors looking to buy apartments. “The Government will accept changes suggested by the majority of the Finance and Expenditure Committee in their report on the bill. The major change concerns apartments. Originally the ban would allow foreign buyers to purchase apartments off the plans, but would force them to sell them on once the building was completed. Now the ban will allow foreign buyers to hang on to apartments bought off the plan, as long as they are part of a development that is 20

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METRO OUT AND ABOUT: JACK’S COFFEE, REGUS AND METRO NZ.

Dearest reader, Last week was busy for us at Metro NZ. The office hosted a great get together for everyone at level 33 of the ANZ Building. In a partnership with David Burton, Metro NZ and Regus, the team had a great networking morning filled with amazing coffee, delicious pastries and incredible people. Our very own John Baatjes led the event giving a great speech and telling everyone about what we do and introducing David Burton from Jack’s Coffee as well as the Regus management. Who is David Burton?   David Burton is the creator of Jack’s Coffee. Jack’s Coffee

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Equestrian Lovers Hideaway in Kumeu

Dearest reader,   Metro NZ is currently managing an amazing property in Kumeu. We affectionately call it the “Horsey Property” since, besides a fully insulated three bedroom and one bathroom villa, the land is suitable for grazing approximately 5 horses with 8 paddocks and variety of fruit trees. The question on everybody’s lips is: where is Kumeu and what are its attractions? Kumeu is a prosperous rural neighbourhood that is located only 25 kilometres away from Auckland city. The community has a Croatian influence and it is well characterised by being the land of winegrowers. The surrounding areas of Kumeu

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Corporate Leadership in Energy and Environmental Design

Dearest reader,   This week I came across a very interesting article on The Entrepreneur:” You Can Embrace Green Building Without Breaking the Bank” which brings up the question: SHOULD New Zealand corporate business adopt Leadership in Energy and Environmental Design (LEED)? As a country that prides itself on the fact that its called “Green New Zealand”, maybe its time for us as a country to be greener when it comes to our office workplaces. Another article that made the headlines this week was the fact that an American backpacker blasted the “Pure New Zealand” statement as a real myth.

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CONGRATULATIONS TO OUR TEAM MEMBER

We would like to congratulate our very own Layla Syou for a very successful presentation at the PoD NZ Business Network. Layla is a graduate of the University of Auckland with a Bachelor of Property (BProp). She has advanced property management and valuation skills and a background in building construction and development. She knows every detail of the property industry and enjoys contributing to the property industry, especially service delivery at Metro NZ. Her background as the Metro NZ Property Management Senior Property Management Office Manager & Head of Asian Division has returned a wealth of experience with coordinating sub-contractors

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JOIN OUR AMAZING TEAM

Commercial Property Manager and Residential Property Managers WANTED! Metro NZ Property Management is a nationwide property management company in New Zealand with over 30 years of collective experience. Due to the success of our exciting new business divisions, we are looking to expand our network of residential and commercial property managers to provide our highly successful property management products and services. We are looking for candidates who are entrepreneurs and can manage properties independently while increasing our portfolio by meeting targets for new rental property acquisitions. Property Manager We are currently hiring Property Graduates or Property Passionate who can work

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METRO NZ PROPERTY MANAGEMENT GIVEAWAY

  *1. The Giveaway draw is open to people aged 18 and over who provide their email address after liking Metro’s Facebook Page as well as tagging a friend. https://www.facebook.com/MetroNZ/ *2. Entrants into the Prize Draw shall be deemed to have accepted these Terms and Conditions: *3. To enter the draw you MUST like Metro NZ Property Management Facebook page as well as tag a friend. This will be checked. *4. The closing date of the Prize Draw is 23:59 on 29 March 2018. *5. One winner will be chosen from a random draw of entries received in accordance with these Terms and

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