Stuff’s asking ‘What housing crisis?’ as a leasehold property in St Johns is listed for $1,000. The writer says it’s “surely a bargain”, but obviously it’s not, otherwise the vendor would have been able to sell it at the original price of $10,000. This property costs $38,000 a year in ground rent, plus your … Continue reading $1,000 leasehold Auckland house – but it’s no bargain
Auckland’s Unitary Plan is heading for a showdown on August 19. We can’t wait to see what happens when the Unitary Plan reaches the Auckland councillors – will they approve the final plan recommended by the Independent Hearings Panel? Will they reject part of the Unitary Plan, or reject the whole thing? As Interest.co.nz … Continue reading Unitary Plan update: will all hell break loose?
Manukau and Papakura are Auckland’s fastest-growing hot suburbs, according to CoreLogic data. Prices in those areas were up around 24% on the previous year, and this comes on the heels of a report that found 80% of South Auckland’s sales are to property investors. That will come as no surprise to any of you … Continue reading Hot right now: Manukau, Papakura, Hamilton, Tauranga
Ominous rumblings are coming from the Reserve Bank – it’s going to do something and chances are it won’t make your investing any easier. That’s because the Reserve Bank wants to let the lid off the Auckland property pressure-cooker and keep investors under control. What could it do? The number one candidate is debt-to-income ratios … Continue reading Make your move before October
Property investment can be both stressful and time-consuming. Finding the right property and building your portfolio can sometimes take almost as much time as your day job. But you don’t have to do the hard yards if you don’t enjoy it. In fact, if you don’t have a passion for property, this can derail or … Continue reading Stress-free property investment