Rental Supply Up 11% Nationwide

[Sanya]

Before we discuss order of effect do we have agreement on supply / demand side determinants?

Below is a possible list. Do you agree / disagree, wish to add to it? The floor is yielded back to you.


HOUSING SUPPLY
Land scarcity & costs
Regulatory -...

[Sanya]

Hmm. Yes and No.

That bare section of 400 square metres in Flat Bush which has accreted to $800k has done so for a cocktail of reasons – not just UMP / LSAP / money printing.

You are starting to get warmer by recognising the contribution of other determinants to the cocktail...

[Sanya]

OK, but was that not covered by "and Robertson ignored MBIE advice that pumping extra liquidity into the economy would lead to drastic house price increases. This Government has no idea what it is doing and has no real idea on how to fix it - other than bromides attacking landlords and investo...

[Sanya]

Interesting article and some good comments as well, this one being one;...

[Sanya]

I use to think that ASB was one of the better banks serving New Zealanders. But after reading repeated dribble from Craig Sims, ASB's executive general manager of retail banking I've had to change my mind. His comments amount to virtue signalling.

Even if ASB has managed to convince...

[Sanya]

IMHO you can quit your day job when:

1. You have cash (or equivalent) savings to cover 1 year of household expenses.

2. You have confidence that within a reasonable period net income potential from self-employment as an electrician plus net rental income from your rental properties...

[Sanya]

Sad. The Government should be encouraging investor new builds to increase housing supply and yet here is a bank that "believes it in the best interests of New Zealanders" to require 40% deposit for investor new builds....

[Sanya]

Agreed.

It is clear Graeme put time and effort into the post and his points about saving and financial education are well made....

[Sanya]

Are you sure? Legally I think you’ll find that assignment of a tenancy agreement transfers the terms and conditions of the TA from the assignor to the assignee and thus would not reset the clock on when a rent review can be done....

[Sanya]

Yes. I agree.




Good point on the views and clicks but could people returning home really account for 13% national demand increase? Returns are capped by isolation resources and apparently there is now a six month waiting list because the resources are insuffici...

[Sanya]

https://www.nzherald.co.nz/rotorua-daily-post/news/article.cfm?c_id=1503438&objectid=12417313 – 1 February [Paywalled]

Can some smart cookie out there please explain / answer the following?

1. Has nationwide rental supply really increased 11% year over year to December or is Trade Me

...

[Sanya]

I would be wary of property without dedicated car parking space. A couple of cars per townhouse plus visitor vehicles and plenty of on-road parking can vanish....