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Check out the latest market news and how-to-do's.

Arrows on a graph and houses
23 February, 2024
Market News

NZ residential rental market news, February 23

What April 1 means for investors, more rate rises possible, and property management regulations Too long; didn't read? Here're this week's TLDRs... The current state of things – A breakdown by Tony Alexander Post-GFC, inflation rates remained low, leading to reduced interest rates in New Zealand,

Sam Nicholls
Sam
107 views
Incomplete building site
16 February, 2024
Market News

NZ residential rental market news, February 16

Market slump to continue, 57 liquidations in Q4 2023, and build-to-rent change proposals. Too long; didn't read? Here're this week's TLDRs... Core Logic Housing Affordability Report Housing affordability in New Zealand has improved since late 2021 but remains stretched due to recent house price r

Sam Nicholls
Sam
129 views
A house being built
9 February, 2024
Market News

NZ residential rental market news, February 9

Housing activity plummets, only 75% of apartment resales make profit, and the effects of the global market on NZ. Too long; didn't read? Here're this week's TLDRs... 93% of resales make a profit in Q4 2024, only 75% of apartment resales make profit 93.3% of property resales in Q4 2023 achieved a

Sam Nicholls
Sam
80 views
Picture of a prison cell
5 February, 2024
Legislation

Help: My landlord is in jail!

Have you ever wondered what happens to your tenancy if your landlord finds themselves behind bars? The Residential Tenancies Act provides some clarity on this matter, though it may not be as straightforward as you think. According to the RTA, if a landlord leaves the country for more than 21 days, t

Leyton Blackler
Leyton Blackler
31 views
View of an Auckland residential street
2 February, 2024
Market News

NZ residential rental market news, February 2

Property prices rise to start 2024, dwelling consents tumble, and a 'Shantytown' is deemed compliant. Too long; didn't read? Here're this week's TLDRs... Property values rise (slightly) in Jan 2024 CoreLogic House Price Index increased by 0.4% in January, marking the fourth consecutive monthly ri

Sam Nicholls
Sam
81 views
RBNZ logo
26 January, 2024
Market News

NZ residential rental market news, January 26

The pros and cons of DTI restrictions, when will the OCR move again, and a look at 2023's BIG property sales. Too long; didn't read? Here're this week's TLDRs... FHB market share sets new record Residential real estate is worth $1.59 trillion.  National property values rose 1% in December, the th

Sam Nicholls
Sam
91 views
dti and lvr restrictions - what is the rbnz proposing?
23 January, 2024
Legislation

RBNZ's Proposed New Mortgage Rules: What You Need to Know

Changes seem to be on the horizon for New Zealand's mortgage lending scene, as the Reserve Bank (RBNZ) gears up to roll out some adjustments to lending rules later this year. The goal? To keep things stable and secure by putting the brakes on perceived risky lending practices. One major tweak involv

Luke Nicholls
Luke Nicholls
16 views
A cartoon representation of DTIs
19 January, 2024
Market News

NZ residential rental market news, January 19

House prices drop in December but the market shows signs of strengthening and do DTIs make sense for IPs? Too long; didn't read? Here's this week's TLDRs... Core Logic data shows signs of strengthening market December 2023 sees a 1.0% increase in property values in New Zealand, the strongest mont

Sam Nicholls
Sam
88 views
Man jumping between '2023' and '2024'
12 January, 2024
Market News

NZ residential rental market news, January 11

Exploring DTIs, what will buoy house prices in 2024, and it's a good time to be a FHB. Too long; didn't read? Here's this week's TLDRs... Rounding 2023 off on a positive note Barfoot & Thompson reported a strong finish to 2023 with 8,576 sales, slightly higher than 2022 but the second lowest sinc

Sam Nicholls
Sam
59 views
22 December, 2023
Market News

NZ residential rental market news, December 22

An independent review of Kāinga Ora, a record number of new homes constructed in Aux, and an underwhelming 2024 beckons. Too long; didn't read? Here's this week's TLDRs... Record number of new homes constructed in Auckland Auckland is experiencing a record rate of new dwelling construction.  In O

Sam Nicholls
Sam
37 views
How much will prices go up in 2024
15 December, 2023
Market News

NZ residential rental market news, December 15

Breaking down the numbers in 2023, looking forward to 2024, and the Govt.'s policies and their effects. Too long; didn't read? Here's this week's TLDRs... 2023 – a year in review 2023 had two distinct halves, with a challenging first half and a later turnaround.   In April, sale volumes hit a 40-

Sam Nicholls
Sam
66 views
Auckland apartment building
8 December, 2023
Market News

NZ residential rental market news, December 8

Making $500K profit in four months, pre-Christmas mortgage rates movement, and a $38M K.O. bailout. Too long; didn't read? Here's this week's TLDRs... The state of mortgage debt in NZ The housing loan market has shown signs of a turnaround in lending activity, although it has been subdued through

Sam Nicholls
Sam
31 views
The 2023 NZ coalition agreement being signed.
1 December, 2023
Market News

NZ residential rental market news, December 1

Coalition policies that affect landlords (and their impacts), what will the 2024 housing market look like, and 200,000 home loan accounts are past due. Too long; didn't read? Here are this week's TLDRs... November insights from Realestate co nz Certainty around governmental leadership, the econom

Sam Nicholls
Sam
60 views
Rent with an arrow pointing up
24 November, 2023
Market News

NZ residential rental market news, November 24

Interest deductibility restoration to be expedited, record rent rises, and reduced home loan rates. This week's TLDRs... Interest deductibility restoration to be expedited National’s tax cuts will continue, but funding will no longer come from a tax on foreign buyers; instead, money will be sourc

Sam Nicholls
Sam
44 views
QV's house price index Oct. 2023
17 November, 2023
Market News

NZ residential rental market news, November 17

Don't bet against a rapid rise, Hastings is winning the emergency housing battle, and a 3D printed house? This week's TLDRs... Real Estate Institute’s House Price Index overview   The Real Estate Institute notes slow but steady improvement in the housing market in October.  Despite a 2.5% decrease

Sam Nicholls
Sam
23 views
Building project
10 November, 2023
Market News

NZ residential rental market news, November 10

An oncoming flood in the market, more flood-induced buyouts, and banks tell customers to expect more rate rises. This week's TLDRs... FHBs hit record-high market share  FHBs accounted for 27% of purchases in the third quarter, a new record high, well above the long-term average of 21%.  FHBs use m

Sam Nicholls
Sam
134 views
7 July, 2023
Market News

NZ residential rental market news, July 7

Both sides of the rent control debate, banks raise their home loan rates, and a housing watchdog is recommended. This week's TLDRs... Westpac, ANZ, ASB, Kiwibank raise home loan rates Four major banks have raised their home loan rates, adding pressure on mortgage holders.  Westpac increased its tw

Sam Nicholls
Sam
103 views
Young couple creating a tenancy application
23 June, 2023
Tenant Tips

Tips for Creating a Stand-Out Tenancy Application

Finding a new rental property can be a daunting task, especially in a competitive market like New Zealand. With numerous tenants vying for limited available spaces, it's crucial to make your application stand out from the crowd. A well-crafted tenancy application not only demonstrates your reliabili

Leyton Blackler
Leyton Blackler
14 views
Queenstown houses
23 June, 2023
Market News

NZ residential rental market news, June 23

Rents rise across NZ, vendors are reducing asking prices, and Tony Alexander's busy week. This week's TLDRs... Kiwibank, Westpac: Housing market looks to be stabilising Kiwibank economists expect positive developments in the Spring housing sales season.  House prices are still declining but at a r

Sam Nicholls
Sam
43 views
Woman at computer stressed
22 June, 2023
Landlord Tips

Budgeting for Your Rental: Unveiling the Hidden Costs

As a landlord, it's crucial to understand the hidden costs associated with owning and operating a rental property. With high interest rates and recent legislative changes impacting property investors, it's essential to be prepared for unforeseen expenses. Below are a few hidden costs to try to facto

Sam Nicholls
Sam
16 views
New Zealand cash
16 June, 2023
Market News

NZ residential rental market news, June 16

What does the recession mean for NZ property, where are house prices rising, and the latest REINZ monthly reports. This week's TLDRs... REINZ monthly reports - Property Report, Housing Price Index  Sales counts increased in some parts of New Zealand, while others experienced slower activity.  The

Sam Nicholls
Sam
106 views
16 June, 2023
Technology

Winter Maintenance Tips for Landlords: An Essential Guide

As the colder and wetter months approach, it's crucial for landlords to prepare their rental properties for the challenges that winter brings. Below we provide you with six essential tips to help you safeguard your investment and keep your tenants safe and comfortable during the winter season. Insp

Craig
21 views
The Beehive
9 June, 2023
Market News

NZ residential rental market news, June 9

1 in 3 consider selling, zoning reforms causing low rent, and don't expect a boom. This week's TLDRs... Mum and dad investors are still facing topping up their repayments Rising interest rates and the inability to deduct mortgage interest as an expense make properties unattractive to mum and dad i

Sam Nicholls
Sam
95 views
Man signing a document
5 June, 2023
Property Dictionary

Understanding Look-Through Companies: A Valuable Tool for Property Investors and Landlords in New Zealand

In New Zealand's dynamic property market, investors and landlords are constantly seeking efficient and tax-effective structures. Look-Through Companies (LTCs) offer a compelling solution. Below I explore how LTCs can be leveraged by property investors and landlords, providing transparency, tax advan

Sam Nicholls
Sam
22 views
Market bottom
2 June, 2023
Market News

NZ residential rental market news, June 2

ANZ report hints at bottom of market, Govt. will buyout cyclone-hit homes, & Auckland's busy May. This week's TLDRs... Downward market momentum remains Property values in New Zealand fell by 0.7% in May, but the annual rate of change is showing signs of easing.  Nationally, average property values

Sam Nicholls
Sam
108 views
Magnifying glass
29 May, 2023
Technology

6 Effective Tips to Finding a Tenant Quickly

Are you a Kiwi landlord searching for ways to find a tenant quickly? Finding the right tenant in a timely manner is essential for reducing vacancies and maximising your rental income. Below are six easy and cost-effective tips to attract potential tenants efficiently. These tips are designed to help

Sam Nicholls
Sam
16 views
Adrian Orr, RBNZ
26 May, 2023
Market News

NZ residential rental market news, May 26

365 day banking, the OCR is at 5.5% and LVR restrictions easing. The bullet points from this week: A reminder of the changes in bank transfers Beginning today, Kiwis are able to transfer money between different banks 365 days a year including weekends and public holidays.  ASB, Bank of China, BNZ,

Sam Nicholls
Sam
121 views
Budget 2023
19 May, 2023
Market News

NZ residential rental market news, May 19

The 2023 budget, a spotlight shined on fire safety, and OCR predictions The bullet points from this week: Investors' market share hits historic low Residential real estate is worth $1.57 trillion.  House sales in the 12 months to April 2023 are down -30.5% on last year,  Over the four weeks ending

Sam Nicholls
Sam
85 views
12 May, 2023
Market News

NZ residential rental market news, May 12

REINZ report summaries, $85b in home loans refinanced & TSB's 6% interest rate The bullet points from this week: REINZ Reports suggest market is stabilising April 2023 figures from the REINZ show pressure on the real estate market due to the economic climate.  Median prices across New Zealand have

Sam Nicholls
Sam
79 views
Apartment buildings
5 May, 2023
Market News

NZ residential rental market news, May 5

Latest House Price Index breakdown, immigrants' property market share increasing & Auckland median price goes sub $1M. The bullet points from this week: Core Logic House Price Index New Zealand's property market declined by another 0.6% in April which is smaller than the drops of about 1% in each

Sam Nicholls
Sam
74 views
2 May, 2023
Property Dictionary

What is the OCR and how does it work?

What is the OCR? The OCR is essentially the interest rate that the RBNZ charges commercial banks when they borrow money from the central bank. Commercial banks need money to operate and provide loans to businesses and individuals. When the RBNZ adjusts the OCR, it affects the cost at which banks can

Sam Nicholls
Sam
4 views
House loan
28 April, 2023
Market News

NZ residential rental market news, April 28

LVR restrictions easing, DTI ratios incoming and April's Property Investor Insights broken down The bullet points from this week: RBNZ proposes to ease LVR restrictions Current LVR settings were put in place in November 2021 due to elevated risks.  The restrictions have increased the resilience of

Sam Nicholls
Sam
70 views
Auckland waterfront
21 April, 2023
Market News

NZ residential rental market news, April 21

REINZ & Core Logic report summaries, proposed housing consent cost cuts & migration boom's effect on housing. The bullet points from this week: REINZ Monthly Report & House Price Index released The total number of properties for sale in New Zealand increased by 14.1% YoY.  Excluding Auckland, inve

Sam Nicholls
Sam
73 views
Building site
14 April, 2023
Market News

NZ residential rental market news, April 14

National rent rise stalls, DTI's incoming and OCR rise affects home loan rates. The bullet points from this week: National rise in rent slows Rise in residential rents in NZ may be slowing down.  National median rent for all property types was $560 in February, down from $575 in January.  The annu

Sam Nicholls
Sam
92 views
Man on iPad
8 April, 2023
Market News

NZ residential rental market news, April 8

Leading opinions on the OCR rise, Tony Alexander's latest newsletter boiled down, and a new ANZ property report. The bullet points from this week: ANZ Property Focus Report Financial market volatility has increased due to recent bank collapses in the US and contagion spreading to Switzerland.  Pol

Sam Nicholls
Sam
91 views
Houses
31 March, 2023
Market News

NZ residential rental market news, March 31

Homebuyers are shying away from new mortgages, and what happens when you become uninsurable? The bullet points from this week: New consents dive New home construction in New Zealand is experiencing a significant downturn with the number of new dwellings consented down 29% YoY in February, marking

Sam Nicholls
Sam
77 views
24 March, 2023
Market News

NZ residential rental market news, March 24

Legislation is causing rent rises, House sales at a 40-year low, and Auckland CBD is looking up The bullet points from this week: Survey of 700 landlords points to Govt. legislation causing rent raises A Kantar survey commissioned by the HUD Ministry shows that 47% of landlords have raised rents b

Sam Nicholls
Sam
88 views
Porirua
17 March, 2023
Market News

NZ residential rental market news, March 17

The REINZ monthly report, Porirua property values up 27%, and Silicon Valley Bank's positive impact on the NZ property market The bullet points from this week: The REINZ Monthly Property Report was published Tuesday House prices have continued to fall due to economic headwinds and Cyclone Gabriell

Sam Nicholls
Sam
54 views
10 March, 2023
Market News

NZ residential rental market news, March 10

Wellington prices keep dropping, online buyers cool and International Women's Day brings insights The bullet points from this week: Wellington house prices continue to drop, wiping out huge pandemic gains Wellington house prices have dropped by 3.4% in the last quarter, resulting in an annual drop

Sam Nicholls
Sam
69 views

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