Property auctions can be a good way to buy your next home or investment property, provided you know what you’re doing. Unlike a private sale where buyers can add conditions to a contract – like a finance or building inspection condition – when it comes to buying property at auctions, buyers have to do their due diligence before they even bid. If you are planning to bid at an auction, it’s important you’re prepared. Check out these 5 tips to get auction ready.
Topics: Selling, Investment Property, First Home Buyer
From 01 April 2021, a number of government-led changes have come into effect aimed at fixing New Zealand’s housing crisis and slowing rampant house price inflation. Along with a considerable funding boost for new home builds and measures designed to slow down investors, the First Home Grant and First Home Loan income and house price caps have increased to assist first home buyers. Here’s a breakdown of the measures government has initiated.
Topics: Selling, Investment Property, First Home Buyer
In what’s been described as the biggest overhaul of tenancy laws in thirty-five years, a number of tenancy reforms came into effect in February 2021. The bulk of these reforms have been designed to improve the wellbeing of renters and address issues like instability, uncertainty, and disruption to tenants and their families. If you are a landlord or a renter, here is an outline of the tenancy reforms already in force and those still to come.
Topics: Selling, Investment Property
Renovating a rental property can be a costly exercise but making improvements to the property can yield a healthy return. To ensure you’re maximizing your investment, it’s important not to overcapitalize, to stick to your budget, and to use durable products and materials. If you are considering renovating your rental property, ask yourself these 3 questions first.
Topics: Property Management, Property Investment, Investment Property, Home Renovations, NZ Mortgage Adviser
It’s no surprise that more and more astute investors are turning to property as a way to grow capital. Like all investments though, buying an investment property takes careful research so you know what you’re getting into and what the pitfalls are to avoid. To help you stay on top of the property investment game, here are 3 common mistakes to avoid.
Topics: Property Management, Buying, Property Investment, Investment Property, NZ Mortgage Adviser, Home Buying Traps
Owning an investment property has long been a part of the Kiwi dream. For many first-home buyers, buying a smaller rental property in a cheaper area can be just what they need to get a foot onto the property ladder. For savvy investors, it’s an opportunity to generate wealth. But before you jump in head first into property investment, take a look at these 3 simple steps to get you started.
Topics: Property Management, Buying, Property Investment, Investment Property, NZ Mortgage Adviser, Home Buying Traps
Across the country, house prices dipped in December 2016, while in Auckland prices remain “seriously unaffordable”. It’s not surprising then, that more and more buyers are considering their options for housing investments to gain a foothold on the property ladder. We ask the question, are there any options left for first home buyers?
Topics: Investment Property, First Home, LVR, Home Buyers
