It’s not the relaxing to 70% that some investors had been expecting however the increase from 60% to a 65% threshold will in some cases be the difference in getting another property transaction across the line. That is the big news for investors in the Financial Stability Report which was released earlier this morning.

There is also a relaxation from the 10% that banks were allowed to fund to owner occupier properties above the 80% LVR threshold to 15%. I expect that this....
 

The end of the year is fast approaching, 2018 is just around the corner and the New Year brings with it uncertainty, change and potential opportunity for NZ Landlords and Property Investors.

Auckland has experienced extensive capital gains.....
 

On the 27th April 2017 at the Tenancy Tribunal in Dunedin, adjudicator Wilson made a ruling on a case that has sent alarm bells ringing and many think the ruling was grossly unfair.....

Renters United, a tenancy advocacy party based in Wellington sparked a new discussion on PropertyTalk recently; namely their recent pre-election initiative asking all political parties to respond to questions on their housing policy. The answers were then published .....
 

Election time is less than a couple of days away and a lot has changed in the last 6 weeks with it being interesting to see if the ‘personality politics’ that worked so well for National under John Key also work with Jacinda Ardern taking the reigns over a.....

 

The latest June Trade Me statistics show an emerging trend in Auckland for the growing demand of larger 5+ bedroom dwellings with the median rent being $850pw and up by 13.3%. When you compare this to the traditionally popular 3 to 4 bedrooms.....

 

Great news for Landlords, Auckland Councils Retrofit Your Home Programme will now allow Owners to have the insulation costs of up to $5,000 included in their rates and paid off over 9 years. There will be an interest rate applied of 6.60%, although you.....



 

According to the latest Trade Me statistics Auckland rents on average have only increased by 1.9% over the last 12 months being May 2016 to May 2017. 

The average rent recorded in Auckland for May 2017 is now $530pw compared to the national average rent of $390pw excluding Auckland....

_{With increasing regulations and a tighter credit market, property investing is a different ballgame than previously. No matter which part of the property cycle we are in, there is always opportunity for those who know how to correctly approach regulation changes.}

 

The Residential Tenancies Amendment Bill (No 2) which has just past its First Reading in Parliament is addressing the issues of methamphetamine, the extent of a Tenants liability for careless damages and heavier penalties for Landlords renting out unlawful....

Kris and I made the decision late last year to undertake the journey of recruiting what we felt would be a high performance property management team that would deliver our company’s objectives of providing our owners with an exceptional standard of service.

We are very proud to report that for the 3^rd year running Pedersens was nominated for multiple awards of excellence at the Leading Property Managers of NZ annual awards evening. Anne Garland was a finalist for Property Manager of the Year 2016, the same award for which she won in 2014.  Pedersens was also for the 3^rd time a finalist for Website of the Year.

Rents in Auckland according to the latest Trade Me property statistics has seen rents in Auckland increase by 3% compared to the previous year, with the median rent increasing by $10 per week to $510.....

Pedersens are extremely excited to announce that we now are offering 3D virtual tours for available properties for rent. This cutting edge piece of technology allows prospective tenants to interact with the virtual space of the house, at their leisure, getting a feel for the property and checking ......