Painting an old property while you've got tenants is risky

[donna]

The landlord takes the tenants to the Tenancy Tribunal for $7000; however, the tenants come out on top and are awarded $10000. But the story is much more interesting and a HUGE warning to LLs with older properties....

See attached.

The short of the story -

...

[donna]

The pro of buying a home in Wellington is - it will be cheaper than it's been for years. The con is that, as a ratepayer, you can expect some of the highest rates in the country.

Wellington's rates have more than doubled since 2012

Wellington households spend an average of...

[donna]

More people heading offshore....

[donna]

Te Toi Mahana - is 2 years old and born out of WCC housing - i.e. has taken over the management of social housing Wellington from WCC. It is a registered as a charity - manages 1900 properties in Wellington (around 3000 tenants).

Here is the PR.....

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[donna]

Hi All,

This article on insuring Wellington homes is a must-read for anyone considering buying in the region.

Top points.....

Insurance retreat

Get used to this term: "Insurance retreat" - insurers are quietly pulling out of insuring some...

[donna]

Wellington City Council have sat on their hands for years with Wellington’s water infrastructure, among other things like town hall repairs and earthquake strengthening.

Wellingtonians face 15.4% rate rise and now the closure of an iconic asset - a hundred year old pool - Khandallah...

[donna]

Hi All,

Have you noticed the decline of Auckland and Wellington city centres?

Tourists are coming back in a couple of months and neither city is in a good condition. Why are the councils and Government not doing anything to improve them?

Sources:

...

[Deltalima]

Hey everyone,

Just wanted some of your thoughts and ideas around timing especially in the current climate.

We are new to the game obviously so trying to navigate a politically tricky and changing market that seems impossible for investors currently.

Of note this...

[donna]

Send in your photos and we'll judge the mouldest, dirtiest and downright horrific.

Okay, so this seems like a fun competition for the tenant occupants. So how about we designate a room that we will not air, and it's away from the sun so we have a really good contender. Do we win a prize...

[rmalapati]

Hi
Appreciate your expert views or personal opinion for the investment options available to choose.
I'm newbie investor looking to buy my first IP before October 2021. Only, looking at Brand New homes as they are hassle free and tax exemptions, 5 yrs bright line test options are appealing....

[Jeffa]

https://www.nzherald.co.nz/nz/news/a...ectid=12298132

Be interesting to know with the lack of rentals in Wellington inner city ,if the ending of negative gearing played a major role in this...I invested in Lower Hutt and Porirua a few years back so they were neutrally/positively...

[Milla]

Hi all,
My partner and I have just moved to Wellington and are looking for houses to buy up to 450k and renovate while living in them. We are interested in places in Lower Hutt as we work nearby. I am seeking for any insights please. Seems that the properties are getting snapped up fairly quickly...

[cb14]

Has anyone used an engineer recently for NBS assessment that they recommend? I have a smaller commercial warehouse in Wellington. Thanks.

[crfchick]

Hi there,
Does anyone have any recommendation on shower installers in Wellington please?
Have tried a few but not had much luck as yet.
Ideally I would like a written guarantee/warranty - is this usual for them to provide?
Thank you

[John the builder]

I have a friend self representing in environment court for an abatement notice for a Tiny House parked in a drive. We have the simple argument that TH's are outside the RMA as vehicles not fixed to land and therefore not "structures" under the RMA. (and therefore nor building and not dwellings...