Choose out of 90 destinations

Welcome on the first step of your complimentary holiday accommodation! Please read the following text carefully, it provides you with essential information about your complimentary holiday accommodation. The process of activating your complimentary holiday accommodation is out of 4 main steps.   TRAVEL INCENTIVE TERMS & CONDITIONS The following terms and conditions relates to the redemption of travel vouchers issued by Metro NZ Property Management There are NO times-hare presentations required to use this vacation incentive or any other hoops you will need to jump to redeem. Simply activate online by prepaying the hotel taxes and fees associated with the

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Leakage alert – houses built between the late 1980s and mid-2000s

You probably have wondered why so many houses in New Zealand are wrapped in white plastic foil. They must be new right? Unfortunately, the explanation is not so bright. The wrapping can be the sign of a leaky home. If you are looking for buying a house or even just rent one, you are very much advised to watch out to avoid leaky homes. Leaky homes were mainly built in the 1980’s – 2000’s. The construction of the houses, the material that were used looked promising for some years. However in the 1990’s the used plaster-style monolithic cladding system started

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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

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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 be liable for unintentional damages. Unfortunately damages happen time by

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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

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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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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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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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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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Get it down before it’s too late!

I believe all the landlords and property management firms have received the following letter from government department Tenancy Services. Get your insulation down before it’s too late! Insulate your rental property by 1 July 2019! You now have less than a year to insulate your rental property to the required standard. If you’ve done this already, that’s great. If you haven’t, you could be facing penalties of up to $4,000 for each non-compliant rental home – and these are often awarded to the tenant. Changes to the Act which came into effect in 2016 mean that ceiling and underfloor insulation

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