You are not a New Zealand resident and you are considering investing in New Zealand property. Does your investment need to be approved by the New Zealand Government’s Overseas Investment Office? Here are some facts you should know in order to avoid potential legal issues associated with your investment in New Zealand. Overview Your property…
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Only two months since the reserve bank brought in new LVR lending legislation, they have amended their stance. New home builds will now be exempt from the lending restriction, which according to the Registered Master Builders Federation, will ensure the development of up to 5000 homes in the next year. This figure is only an…
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Are you an ex-pat Kiwi? Many dream of owning their own little slice of unspoilt New Zealand. We know what it’s like to attempt a purchase while living on the other side of the world. There are some real challenges: Access to available property is limited – you can usually only see what’s on the net.…
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We all have a tendency to want to renovate the way we like things to be. The Floorboards A good example of this is bare floorboards. You and I may think that timber floors look amazing and are a great design feature. Tenants look at them as being cold and drafty in winter, and…
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It’s natural to be concerned about the tenancy of your property – after all – if it sits vacant then that’s lost revenue – and then naturally you worry about meeting mortgage payments. But rest assured – buying a good property in an ‘in demand’ area goes most of the way towards making sure you…
Read MoreWhat do Buyers Agents do? A buyer’s agent, or buyer’s advocate, is an agent who you engage to assist you to acquire property. They usually identify suitable properties and negotiate on your behalf. Buyers’ agents are engaged by and act for the buyer. They do not generally (and in our opinion should never) act for…
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4th Quarter Directors Market Commentary – where to from here for the market?
Despite what we might have called “pre-election jitters” dampening the market a tad, the housing market rebounded in October, and is lining up for a strong finish to the year. Increased mortgage lending that is recovering from 2 year lows, cuts to fixed mortgage rates, and net migration at record highs all provide strong support.…
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