2023 Review & 2024 Prediction (2/2) The property market saw massive changes last year, and it is expected some highs and lows in 2024 as well. 2024 started with a new coalition government that adjusted some legacy labour government laws in the first 100 days. In general, the property market situation is expected to change. No […]
2022 Review & 2023 Prediction (2/2) The property market saw massive changes last year, and it is expected there are a lot of highs and lows in 2023 as well. 2023 started with an unexpected flood in Auckland, will follow by RBNZ planned economy slowdown (maybe recession) and then the election. No need to say […]
Do you live in a healthy home? As you may know, the government introduce a new rule that rental properties must meet the healthy homes standards within 90 days of any new or renewed tenancies that start on or after 1 July 2021. Healthy home standards are in 5 main categories: Heating standard Insulation standard […]
Now Rent Are Increasing One of my predictions for 2022 was “rent will jump to the roof”, let’s see the statistics, why are rents increasing and what would be the prediction for the next couple of months. Based on MBIE (Ministry of Business, Innovation and Employment) statistics annual average rent increase is about 10%. The […]
RENT Average rent prices raised 5% from 2015 while inflation (CPI Index) was well control by RBNZ around 2%, bank interest on savings was around 2% and mortgage interest rates around 3%! This week we look at how much the rent will increase in near future. This is the third part of the Interest Rates, Property Price & […]