THE NEW INSULATION POLICY

Dear Reader, GOOD NEWS FOR ALL AROUND NEW ZEALAND: STARTING ON THE FIST OF JULY NEXT YEAR, INSULATION IS COMPULSORY IN ALL RENTAL HOMES AROUND THE COUNTRY. New Zealand is well known for the fact that most rental homes have minimum care about insulation, specially in the colder regions down south like Dunedin. The government of New Zealand has approved a new insulation policy which says that rental homes will compulsorily have underfloor and ceiling insulation, and it is coming in place on July 2019. Property managers are aware of the new changes and even though the policy will only

Read more

MARKET TRENDS FOR PROPERTY MANAGEMENT

Dear Reader,   It is clear that as time goes by, society changes and with time their wants and needs also change. This post will explore what are some relevant global market trends for property management in 2018. The next twelve months will show a few changes in the field and the most relevant ones are as it follows.   Technology orientation According to R. Braun (2018), property management firms should be investing in more technology. Embracing the era of digitalisation and automation will mean that much more will be done faster and things will be done better. The rate

Read more

WHY SHOULD YOU HIRE A PROPERTY MANAGEMENT COMPANY?

Dear Reader, As a landlord, managing your own property can be quite tricky. There is a whole lot of factors that need to be met, things that need to be done and or amended. Property managers are very aware of everything that needs to be done with a wide background of experience and a lot of answers and resources. Here at Metro NZ Property Management, we have twenty-one years of experience that will most definitely help home investors, be it your first time or not, to actually get the best value out of your property. In summary, according to R.

Read more

THE NEW FOREIGN BUYER BAN BILL

  Dear Reader, December last year was filled with changes in the New Zealand Government. A bill that would amend the current overseas act was introduced to revise the Overseas Investment Act. The current act applies to  sensitive land, but not residential land. The new bill would fit residential land within the category. According to Housing Minister, Mr. Phil Twyford, the government is determined to make New Zealanders first time buyers able to buy their first home without the competition of foreign buyers. Our property managers have been working hard to make sure our clients get the best out of

Read more

Purchasing property in current market conditions, is it better to wait?

Purchasing property in current market conditions, is it better to wait? Recent research conducted by Goldman Sachs indicated that there is a 40% chance of the NZ housing market going bust. Further insights concluded that NZ’s housing market is over-valued the most amongst the G-10 economies. A housing bust can be described as house prices declining by 5% or more and is calculated through ratio calculations relative to house prices to rents, annual household incomes, and inflation impacting house prices. In Auckland alone, the average house price has increased 91% since 2007. With these escalating figures, the amount of people

Read more

Who’s the winner?

  Hamilton Catches Up with Auckland Area’s property growth rateHamilton house prices have risen faster than Auckland Market since January this year. According to Stuff.co.nz, the price has been slow down for a short period during this year then it starts to head up again. As Hamilton is the most populous city of the Waikato region, it becomes a hot area for investors. With only one hour and half drive from Auckland, it also becomes a good choice for first home buyer to live.   According to the Statistics provided by QV, the growing rate of property market in Hamilton

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

Why Aribnb Becomes an Option for Homeowners?

Airbnb is a crowdsourced accommodation platform that allows people to put up their places, spaces and spare rooms for other users to stay in. In June the global company set up its first New Zealand office in Auckland to keep up with demand for the service. There are now more than 7000 properties in New Zealand listed on Airbnb, up from 6000 just a month ago. A growing number of travellers are taking advantage of a surge in the number of homeowners offering to rent out a place to sleep. The benefits for homeowners to lease their spare room/entire house

Read more

How to choose the right property manager

When choosing a property manager, there are a number of things you need to consider before selecting the person who will be caring for perhaps your most valuable asset. Will the property manager: Accurately appraise your rental property to quickly rent your property to quality tenants and keep your vacancy period to a minimum? Conduct appropriate background checks on potential tenants before offering your property to a tenant? Bad tenants can cost you a lot of money in the long run. Understand the importance of ensuring the presentation of the property is maximised to attract the right tenant, who in

Read more

Modern 1 Bedroom Apartment – CBD

This modern 1 bedroom apartment in the city centre has just been rented. We have a second apartment available in the same building. Fabulous location for an easy stroll into central, K Road, Ponsonby, waterfront, theatres, restaurants, cafe’s, markets, Uni and all that our city has to offer. This apartment is sound proofed for that quiet inner city living. Features include: Indoor lap pool gym, steam room, white ware including brand new fridge, washing machine and dryer. Be quick though – this property won’t be around for long. Call, text or email SARAH on 021809503 / [email protected]

Read more