Residential Property Investment Post Covid 19 – Directors Market Commentary

May 19, 2020

Two months ago NZ’s property market was on its way to posting record high house price growth. And then Covid came. While we navigate the property market through these extraordinary and uncertain times – there is one thing that is not new in times of crisis, and that is the speed by which the media…

Read More

Directors Market Commentary: Churchill on Covid-19

April 16, 2020

Some have likened Covid-19 to this generation’s war. My Grandfather who died in the war, and my Grandmother who had to deal with his death would probably shake their heads and tell me I‘m as soft as an over ripe avocado. That said, it is probably the greatest challenge this generation has faced and that…

Read More

There’s No Place Like Home – Expats Flock to Secure NZ Property Investments

March 6, 2020

New Zealand is once again proving to be a safe port in a storm – especially during this time of political and economic uncertainty.  Expats living in the Asia-Pacific region are at the forefront of those flocking to secure investments back home. The upsurge in interest began in June last year with the rise in…

Read More

Director’s Commentary – No Change to the OCR

November 18, 2019

  A 25 basis point drop in the OCR from the Reserve Bank was largely expected and so we were surprised there was no change. Why did we expect one? Because the NZ economic growth rate is slowing, inflation is at the lower end of the target range and worldwide interest rates continue to recede…

Read More

Regional Profile: Dunedin

July 11, 2019

One of the emerging stars in NZ’s property market is Dunedin – which is being recognised as a region of growing potential.  Dunedin’s population grew 2.7% in the year to March 2019,  well ahead of the national average.  Employment opportunities are on the rise in Dunedin, particularly with large service industries. Enrolments at the University…

Read More

Capital Adequacy – What Is It & How Will it Affect the Market?

July 11, 2019

Capital adequacy is the Reserve bank telling banks that in tough financial times the capital they are holding on their balance sheet could be insufficient to weather a major economic event, such as we saw during the Global Financial Crisis. Adrian Orr is pushing that this needs to happen and the Reserve bank are currently…

Read More

What Does The 2019 Budget Mean For Property Investment?

June 6, 2019

From a property perspective what was relevant in this years budget was the noticeable absence of anything specific for property. Certainly, Kiwibuild was not mentioned at all. Perhaps they think the job has been done to some extent: • The % of houses being sold to first home buyers is increasing – have first home…

Read More

Regional Profile: Is Hawke’s Bay The Next Key Growth Area?

June 5, 2019

Recent articles on the property market have begun to turn their attention to Hawke’s Bay as a region of growing potential – and has even referred to it as ‘the new Tauranga’. It’s backed up by the stats:  Hawke’s Bay is experiencing higher-than-anticipated population growth.   “The region is experiencing some of the strongest house…

Read More

OCR Rate Cut – What Does it Mean for the Housing Market and Interest Rates

May 9, 2019

Our last interest rate article discussed the long term historical average rate sitting below 5%. We now have an OCR rate cut of 25 basis points, providing more evidence that rates will not be rising beyond 5% for the foreseeable future. What is perhaps more interesting is there is a widely held view that we…

Read More

No Capital Gains Tax

May 1, 2019

Three weeks ago, people were hesitating to make property investment decisions pending the government’s announcement on a Capital Gains Tax. I think most of us were expecting a CGT, at least on residential property – but there was nothing. Political genius, opportunism, planned? Call it what you want – Capital Gains Tax is essentially off…

Read More