Your Home for the Latest Property News
Your home for the latest property news, tips and advice. Read the latest property news, real estate tips, and advice from LJ Hooker. We have a library of articles on all things real estate for your reading pleasure.
Disclaimer: This blog does not necessarily reflect the opinion of the publisher. It is intended to provide general news and information only. While every care has been taken to ensure the accuracy of the information it contains, neither the publishers, authors nor their employees, can be held liable for inaccuracies, errors or omission. Copyright is reserved throughout. No part of this publication can be reproduced or reprinted without the express permission of the publisher. All information is current as at publication release and the publishers take no responsibility for any factors that may change thereafter. Readers are advised to contact their financial adviser, broker or accountant before making any investment decisions and should not rely on this newsletter as a substitute for professional advice. © LJ Hooker Ltd 0712 LC1905-01, Licensed REA 2008, MREINZ.
Despite the economic slowdown Covid-19 restrictions caused around the globe in 2020, New Zealand avoided getting stuck in an economic rut, and swiftly got out of a recession.
Contrary to popular opinion, the rental market is actually a tenant’s market, according to new data from Trade Me Property.
Immigration, lower interest rates and a shortage of property for sale all equal a buoyant busy market.
New Zealand at present has two different economies and two different real estate markets.
The new government I believe, are looking to make housing New Zealand tenants more accountable – as up until now there has been a lifestyle of dependency with many tenants abusing the system.
Many regions of New Zealand are experiencing a shortage of quality properties on the market for sale.
You will all agree it’s great to see the days getting longer. Roll on summer.
Are you currently away from NZ?
The LVR has certainly had an effect on the market predominantly out of the hot spots - Auckland and Christchurch.
LJ Hooker General Manager Keith Niederer says “We have seen some investors cashing up one or two of their portfolio capitalizing on the recent capital gain predominantly in the Cities rather than the regions.