Sue Irons - March 4, 2014, 12:15 PM
Here in New Zealand we’ve seen the official cash rate (OCR) remain steady for quite some time but now there’s talk that this may soon change. When it changes is not the question - rates can and do change, that’s just the simple truth. What’s more important is that you’re ready to face changes to the markets, no matter what it might throw your way.
To do this you must take a look at your long-term goals and shape your investing strategy to suit both your goals and your risk profile. ... Continue Reading »
Campbell Venning - April 29, 2013, 4:58 PM
Over a year ago I identified Wellington as an investors ‘hot spot’; the ‘perfect storm’ location for investors to purchase in! Since then, I’ve heard other commentators doing the opposite, citing unemployment (due to corporate's leaving the capital) and the strong possibility of a significant earthquake in the capital city. Whilst I firmly believe Wellington is a ‘hot spot’ for investors, it’s true that tenants are voting with their feet when it comes to choosing suitable housing, ... Continue Reading »
Campbell Venning - March 25, 2013, 11:40 AM
You’ve heard it before, but Auckland’s housing problem is a multi-faceted issue.
With the average number of people per house up to three, we are seeing a clear shortage in new building. Westpac’s chief economist, Dominick Stephens, has said that “the annual rate of new dwelling construction would have to double before we could say Auckland is building enough new houses to keep pace with population growth”.
The latest plan to combat this problem is the Auckland City Council’s ... Continue Reading »
Sue Irons - March 15, 2013, 12:16 PM
February, usually a month of seasonal growth, proved to be abnormally active even so. Residential property sales reached the highest level for the month of February in six years. The national median price rose 7.6% to $382,000 compared to February last year. Regions showing the most growth since February last year had median price increases of 14.3% (Auckland), 13.9% (Central Otago Lakes) and 7.4% (Canterbury/Westland). Sales volume increased by 34.4% compared to January 2013. All regions except ... Continue Reading »