With NZ residential property prices having risen nearly 20% in the last year, NZ property experts Erskine & Owen's latest newsletter provides a timely summary of a number of issues of interest to the existing or potential NZ property investor. See below a few clippings from their latest February newsletter:
Property Prices Set to Rise 5,000%
In 1980 my parents bought a property in Mt Eden for about $56,000. No, I didn’t miss a zero off the end. That is what houses were worth back then in central suburbs. What about the first property I bought for $160k in about 1998? Now worth $1.2m – that is a 650% increase. Push forward another 20 years and it will be worth $6.76m. I am sure you have your own story. Read More.
New Zealand Tenancy Laws are Changing
In August 2020 we saw the first phase of changes to the Act implemented. Phase 2 of the changes take effect from 11th February 2021. Let’s recap some of these changes: Read More.
Securing a Property You Wouldn’t See
Erskine and Owen were able to secure the property below “off-market” as Buyers’ Agent for one of our property investment clients. This opportunity came to us via our network of real estate agents due to the special circumstances of the vendor. The vendors were selling to raise funds to build, however, they also needed a place to stay while it happened so they signed up as tenants providing our client with income from day one. Read More.
Erskine & Owen have been long-time commentators to us here in HK on the NZ property market. They specialise in helping people create passive income through property investments and provide a comprehensive service, from financial planning, mortgage brokering and sourcing investment properties to property management.
If you have any questions on NZ property and the outlook for the NZ property market, feel free to reach out to Alan Henderson at Erskine & Owen. He'd be happy to help:
Alan Henderson, Director: email@example.com
Intelligent Property Investment
www . erskineowen . co . nz