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S#%ts going to hit the fan.
An agent I deal with sometimes was discussing the current market atm. She mentioned that currently it was not so much FHBs looking to buy but more current buyers looking to downsize. This group had bought in the last 2 yrs at the top of the market but can no longer handle the current interest rate hikes....Last edited by Frezzinghot; 07-12-2022, 03:22 PM. -
Barfoot's Auction Observations
For personal reasons ;-) I have been taking an interest in Barfoot Auctions broadcast live on the interweb over the last couple of weeks.
For each auction I recorded- homes.co.nz low and high estimate, judging results against the mid-point
- oneroof.co.nz low and high estimate, judging
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Unconsented 90s carport conversion with laundry
Hi. In the 90s an existing carport was converted to fully enclosed garage with a laundry, but it was never permitted. Now it needs significant work. Can anyone guide me as to how to address this. Because of the plumbing, my research tells me it indeeds needs a consent, and I am guessing a builder... -
How to maintain weatherside cladding
We have weatherside cladding in our property. Cladding is fine , there are no damages till now. Previous owners of the property have maintained it well. How do we maintain it going forward. We have been told that we need to maintain the paint but We are not sure how frequently we need to paint it. Should... -
Buying a property with soil issues?
Hi I found a property here in Auckland that I really like but according to LIM report there were soil issues recorded. The land was not contaminated.
The report reads something like this-
"The land may not be suitable for particular development or land use purposes. A soil report...Last edited by Bayswaterorchid; 17-04-2022, 09:56 PM. -
The higher the suburb house price the higher the vaccination rate!
not pro or anti vax statement just an interesting observation
https://covid19map.co.nz/vaccination-rates/suburb/ -
deadline sale vs closed tender - which would you choose?
I am about to sell my Wellington based investment property and have spoken to 2 different real estate agents. One believes the property should be sold by deadline sale and the other by closed tender. The latter does not believe in deadline sales.
I understand the difference between the... -
Should I even pay off mortgage completely?
Hi everyone.
I currently have a modest amount of mortgage left to pay (Below 6 figures) - I currently live in my house with a border but have used it as a rental in the past when I’ve lived overseas and that may happen again in the future one day.
What I would like to know... -
New changes to Residential Tenancies Act explained
Hi All,
Here's a summary of the new changes to the RTA - that all Landlords need to know - and if you're managing your rental properties you will need to know the Act and the changes in more detail.
https://www.tenancy.govt.nz/law-changes/
11 FEB 2021
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Gov't needs to focus on Social Housing not FHB homes
Stuff reached out to John Tookey, AUT professor of construction for comment and he says:
So the Gov't should not have and should now ditch KiwiBuild and focus on managing developments of social housing.
This has been said in many discussions on PropertyTalk... -
retail shopping mall units
Hi all, my prior experience has been with industrial but I'm wondering if anyone here has had experience investing in retail shopping mall units. I realise that the tenant turnover would probably higher than other kinds of commercial. -
%NBS around 60%
What are your thoughts on industrial property with %NBS around 60% - is this kind of property potentially harder to find tenants for?? -
Dream location, right sized house but reclad?
Hi
Found the perfect location with a small 73m2 house, just perfect for single me. Pricey neighbourhood but id say this would be my forever home (if there is such a thing). Going to auction. However........ this simple rectangle house single storey that was built in 60s, was moved onto new... -
Borrowing for development
I'm looking at a simple development/renovation and have bank lending approved for the initial purchase but have not queried yet about borrowing for development costs. Previously when looking at this type of borrowing the bank has requested fixed price contracts be reached with contractors which is... -
Depreciation on building
I have heard depreciation on commercial buildings is back again!
Great news ... looking forward to the details.
I use to get $175k depreciation in the old days.... double bonus perhaps with another decrease in interest rate.
