More than half of New Zealand property investors own fewer than five properties, according to one survey (thanks for the commentary, Troy!) but we think it’s probably a lot higher. The people responding to this survey are interested in investing; there’s a massive number of ‘accidental’ and uninterested landlords who won’t have been caught up … Continue reading Take your portfolio to the next level
New insulation funding criteria launches this month, providing 50% funding for insulating your rental in Auckland or Counties Manukau. To be eligible for funding, you need to be a private landlord of a house constructed prior to 2000, and your tenant must have a community services card. Check this site for more details. You can … Continue reading Are your rentals insulated?
An Auckland homeowner undertaking a renovation got some surprising variation in quotes from tradies – plumbing quoted at between $9,413 and $19,307; electrical work at between $14,850 and $24,445; a roof at between $15,525 and $29,250. That’s a pretty staggering total: the cheapest quotes on those three jobs are a whopping $33,000 higher. Possibly … Continue reading Auckland tradie quotes vary massively
The CBD suburbs, with their many apartments, are leading the way on yield. Central West is on top: with a gross yield of 6.2% it might scrape cashflow neutral. It’s certainly going to be easier on your pocket than Herne Bay, where million-dollar property will yield -0.9% – yes, that’s a negative yield, which … Continue reading Rents up – yields still low
Aucklanders could be charged between 3c and 40c per kilometre to drive around the city, if the Government’s new ideas for battling congestion are implemented. Whatever you think about paying tolls for driving – and it’s certainly controversial – if this goes ahead it will have an impact on Auckland’s housing market, too. Road … Continue reading Toll roads: how could they affect the housing market?