Whether you’re maintaining your home or finding yourself in a rush to ready your property for sale, there are a few cleaning best practices that will always serve you well. The miraculous qualities of vinegar is often cited as an ideal cleaning solution, but did you know there are situations where it should never be…
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The planets have aligned if you’re an ambitious property investor ready to begin your portfolio. Record-high rents in many areas of Australia have coincided with a fall in property prices, giving you a rare opportunity. Interest rates may remain challenging, but the upswing is the decline in values which makes property investment an increasingly attractive…
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A new report on the market for apartments is an excellent reminder for first-time buyers that they should not give up their ownership dream. Units remain excellent buying and are $170,000 cheaper than a house nationally, according to the latest CoreLogic report on apartments. If you intend to buy in any of the capital cities,…
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Home building costs increased by a record 10.4% during the 12 months to December, according to CoreLogic’s Cordell Construction Cost Index. That beats the record set the previous quarter, when residential construction costs rose 9.6% in the year to September 2022. Thankfully, prices are increasing at a decreasing rate – they jumped 3.4% in the…
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The property market is looking a lot more encouraging for first home buyers today than it did this time last year. That’s because prices fell sharply during 2022, reducing the size of the deposit first home buyers need to enter the market. Between January and November 2022, the price of the average property fell 10.2%,…
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New Zealand’s population is projected to grow 0.7% per year between 2018 and 2048, according to Stats NZ. The fastest-growing regions are projected to be Waikato (1.0% per year), Bay of Plenty, Northland (0.9%), Auckland, Canterbury and Tasman (0.8%). During the three decades to 2048, the North Island is projected to contribute 80% of New…
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The government will legislate two key changes to tenancy laws, which it said would improve the lives of both property investors and landlords. First, residential property managers will now have to be registered, trained and licensed, and complaints and disciplinary matters will be dealt with through a new regulatory framework. “This means that like many…
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Spring housing market activity was subdued across Aotearoa New Zealand according to the latest data and insights from the Real Estate Institute of New Zealand (REINZ). Buyers remained hesitant as rising interest rates, access to finance and concerns around the economy continued to create uncertainty in the market. Nationally, the number of residential sales dropped…
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The residential property market has continued its downward trajectory with the latest data showing the worst drop in values in more than 15 years. Based on figures from January to November, values are now 10.2% lower, or $107,747 less in real dollar terms, than at the start of 2022. The average home value now sits…
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Rental property investment can be a lucrative venture when market conditions are favorable. As vacancy rates fluctuate and rental demand shifts, investors and landlords have opportunities to maximize the value of their investments. Rental markets across different regions can vary significantly, with some areas experiencing low vacancy rates and others facing higher competition. These market…
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