Rotorua Property Investors' Association

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Archive: August 2012

Mark Withers - 'When Should I Sell?"

Mark founded Withers Tsang & Co with Stephen Tsang in 1998. Mark was a founding member and treasurer of Auckland Property Investors Association and served 10 years as treasurer before being made a life member. Mark is an enthusiastic residential and commercial property investor. Mark will be speaking on "When should I sell" which is a question often asked by new and seasoned investors alike.
14-08-2012 more >>

Housing confidence steady, but higher prices tipped: ASB

Housing confidence was steady nationwide in the three months to July, but house price expectations carry on climbing, according to the latest ASB Housing Confidence Survey.
14-08-2012 more >>

Lifestyle blocks finding favour

Lifestyle properties lifted in popularity in the three months to July 2012, according to the Real Estate Insititute of New Zealand. The REINZ’s latest data on rural sales shows a 10.8% increase in the number of lifestyle blocks sold in the July quarter compared to the same period the year before.
14-08-2012 more >>

Auckland holds on to rent and price premium: MoBIE

Auckland’s house prices are increasing at a faster rate than the national average, according to the latest data from the Ministry of Business, Innovation and Employment.
13-08-2012 more >>

Rest of country will catch up to Auckland: Westpac

Auckland may be the runaway real estate market at the moment but New Zealanders shouldn’t expect it to stay that way forever, Westpac chief economist Dominick Stephens says.
10-08-2012 more >>

Sellers' market nationwide: Survey

The latest BNZ/REINZ residential market survey has shown sellers' markets and rising prices throughout the country – except in Northland. BNZ chief economist Tony Alexander said that a lack of inventory was pushing prices up particularly in Auckland, Canterbury and Otago. “Only in Northland does there appear to be a wave of potential sellers appearing whereas in Auckland and again in Otago few potential vendors appear to be stepping forward.”
09-08-2012 more >>

House prices still rising: QV

Nationwide residential property values have risen again in July, according to the latest Quotable Value index, but investors are looking for properties that offer good yields, rather than banking on continuing capital gains.
09-08-2012 more >>

Blue Chip investors' court victory

A group of Blue Chip investors have won the right to void contracts forcing them to buy apartments. Five Supreme Court justices, led by Chief Justice Sian Elias, have ruled Blue Chip was effectively selling the investors debt securities without producing a prospectus or appointing a trustee, both of which are illegal under the Securities Act 1978.
09-08-2012 more >>

Prices strong, sales frequent, QV and REINZ agree

Prices are firm and more houses are selling, according to the latest data from Quotable Value and the Real Estate Institute of New Zealand.
09-08-2012 more >>

Auckland boundary shift welcomed

A new development boundary for Auckland has been welcomed by the city’s property investors association but president David Whitburn says it doesn’t go far enough.
08-08-2012 more >>

Positive signs for big property investors

Things are looking up for two of the country’s biggest property investment groups. Goodman Property Trust chief executive John Dakin said this week that confidence was returning to the investment and development markets.
08-08-2012 more >>

Top agents get recognition

Barfoot and Thompson was named Large Real Estate Agency of the Year at this year’s Real Estate Institute Awards.
07-08-2012 more >>

No winter chill for sellers:

Sellers haven’t been put off by the colder months this year, according to data from In its latest Property Report for July, the website said that while the level of new listings was usually lowest in winter, the number of properties coming on to the market last month was virtually the same as the previous month.
07-08-2012 more >>

'Trial by media' totally unfair: REINZ

A complaint from a would-be buyer who said a real estate agent snapped up his dream home should never have been made public before it had been properly dealt with, the Real Estate Institute of New Zealand says.
07-08-2012 more >>

Bank stats show we're a nation buying houses

New Zealand’s resurgent property market is evident in the latest Reserve Bank statistics, showing the number and value of home loans issued across the country.
06-08-2012 more >>

New purchase agreement tackles building reports

The days of property purchasers enlisting the help of a knowledgeable relative to do a "building inspection" on a house they are thinking about buying are numbered.
06-08-2012 more >>

Landlords slow to take up insulation subsidy

Just 5% of the country's rental housing stock has been insulated under the Government's Warm Up New Zealand scheme.
06-08-2012 more >>

Apartments finding favour: Bayleys

Auckland apartments are finding favour with buyers drawn to affordability and high returns, real estate agency Bayleys says. It says activity in the market is up significantly on the beginning of last year.
06-08-2012 more >>

Inventory at lowest level in seven years

High rates of property sales in Auckland in July reduced the number of properties for sale at the end of the month to their lowest level in seven years.
03-08-2012 more >>

No cheap houses being built: English

No houses are being built for the lowest-income quarter of New Zealand’s population, Finance Minister Bill English told media last week. His comments are backed up by the Productivity Commission report on housing affordability which noted that the country’s new homes over the past 50 years had tended to be large, expensive houses or top-end apartments.
03-08-2012 more >>

BondAssist scheme attracts interest

Tenants are flocking to a new bond guarantee scheme that allows them to cut the cost of paying a rental property bond, says CBL Insurance’s Richard Blake.
02-08-2012 more >>

Boom pushes prices further out of reach: Study

It’s now much harder for single people on high incomes and middle-income couples to buy homes than it was ten years ago. A study by the Productivity Commission and Treasury shows that by the end of the last property boom, only 31% of those who did not own a house could afford to, compared to 81% in 2004.
02-08-2012 more >>

If it aint broke, don’t fix it

Presidents Report: The opposition Labour Party have recently accused landlords of ripping off tenants who receive the accommodation supplement (AS).
01-08-2012 more >>

Westpac issues warnings

Westpac says that if the Official Cash Rate doesn’t rise by July 2013, the country’s housing market could go from warm to “positively frothy”.
01-08-2012 more >>

Million-dollar sales return to peak level

Million-dollar homes are as popular with Auckland buyers this year as they were in 2007, according to Barfoot and Thompson. The agency sold 424 Auckland residential properties for more than $1 million in the first six months of this year, matching the number sold in the same period of 2001.
01-08-2012 more >>

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