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Everything you need to know about property investment and property development…

Toll roads: how could they affect the housing market?

FUZO Property, Property investors, Auckland, Propert investment

  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?

Auckland house prices run red hot again

FUZO Property, Auckland house prices, Property development NZ, Property investment, granny flats, small houses nz

Auckland house prices continue to move up in the latest monthly statistics. We still have strong demand, and strong under-supply. Interest rates are likely to head downwards. As a result house prices in Auckland are heading upwards in the short-term, and also long-term too.

New hot housing regions: Hawke’s Bay, Wellington and Nelson

FUZO Property, Granny flats NZ, small homes NZ, Property investment NZ, Property development NZ, Prefab homes NZ

The surprisingly hot housing regions in the REINZ’s February data were Hawke’s Bay, Wellington and Nelson/Marlborough. The Wellington market has been flat or only slightly improving for the past eight years, so significant boosts in sales and prices are a welcome change of pace for the capital. With new motorways improving access to Wellington and … Continue reading New hot housing regions: Hawke’s Bay, Wellington and Nelson

Compulsory ‘P’ testing between tenancies?

FUZO Property, Granny flats NZ, Small houses NZ, prefab homes NZ, Property investment NZ, Property development NZ, Auckland, Hamilton

There’s been a bit of debate recently about whether ‘P’ testing between tenancies may be needed in order to meet the requirements of the Residential Tenancies Act. Remember, as a landlord it is your responsibility to provide a clean property, free from ‘P’ contamination. ‘P’ is a methamphetamine and is also known as speed, pure, burn, … Continue reading Compulsory ‘P’ testing between tenancies?

5 reasons why it’s the perfect time to build a granny flat

Property Investment NZ | Property Investment | Property development | Granny Flat | Sleepout | Small houses

There’s never been a better time to start a granny flat or small house project and here are my five reasons why: 1. You still can!  Under the current Unitary Plan you won’t be able to build the kind of granny flat (a.k.a. minor dwellings) our clients particularly love. We don’t know exactly when the Unitary … Continue reading 5 reasons why it’s the perfect time to build a granny flat

Leasehold: only for the brave and well-informed 

Auckland Leasehold, Property Investment NZ | Property Investment | Property development | Granny Flat | Sleepout | Small houses

When a $2.5 million property can’t attract a buyer at $100,000, you know there’s something very wrong. What could possibly reduce a property’s value by 96%? One little word: leasehold. While you own both the land and the building on your freehold property, you only own the building on a leasehold and you pay ground rent to the land’s … Continue reading Leasehold: only for the brave and well-informed 

Speed wobbles for Auckland intensification

Auckland property market, Auckland Unitary Plan, Property Investment NZ | Property Investment | Property development | Granny Flat | Sleepout | Small houses

Auckland councillors have got cold feet about the latest proposals for intensification under the Unitary Plan. While everyone agrees there are too few dwellings to meet demand, there’s a major lack of consensus on what to do about it. Local ratepayers are protesting, a majority of councillors reportedly agree and the Property Council is “appalled” at the U-turn, blaming Baby Boomers … Continue reading Speed wobbles for Auckland intensification

Rents are rising – the data hasn’t caught up yet

Auckland rents rising, Property Investment NZ | Property Investment | Property development | Granny Flat | Sleepout | Small houses

With data not yet available for February, rent rises so far look modest. Anecdotal evidence, however, points to some major increases in rents across Auckland in the early months of this year. We’re hearing from property managers that rents have never been higher – up by between 10% and 20% on last year’s prices. There’s about whether rents can continue to increase: … Continue reading Rents are rising – the data hasn’t caught up yet

Auckland’s House Price Growth – the sub-regional breakdown

Auckland property investment is looking great with strong house price growth in 2015, Property Investment NZ | Property Investment | Property development | Granny Flat | Sleepout | Small houses

Auckland’s median house surged to $933,264 at 31 December 2015. All sub-region did well as shown in the infographic map below. However South and West Auckland (Waitakere) were particularly strong. This is great for the over 300 buildings the FUZO Property Group has completed for our clients in South and West Auckland going back to 2003. CoreLogic’s infographic shows the excellent growth in Auckland’s sub-regions in this FUZO Property informative property blog.