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Kelvin Davidson: There’s never a dull moment in the property market

Over the past month the property market has remained at the forefront of news headlines, so here’s an important reminder of recent key points: Property values are still rising rapidly – in May they were more than 20% higher than a year ago (on the CoreLogic House Price Index) However, there are hints that sales volumes are starting to cool, due to previous measures s...
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{{name}} - APIA Auckland Property Investors

Stefan Nikolic: The Auckland short term rental market - Post-COVID recovery so far

As you can imagine, the short term rental market was hit hard by COVID last year when the first lockdown was announced. Zodiak was no exception . Losing half of our clients in a single month was not a pretty sight, and the short-term rental industry was in free-fall for the next few months. Luckily though, we survived! Now the Airbnb market is improving month on month, and this looks t...
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{{name}} - APIA Auckland Property Investors

Kelvin Davidson: The property investment rule changes have probably finished for now

Clearly, the late-March policy changes made by the Government have altered the economics of using a mortgage to buy further investment properties, coming on top of the higher deposit requirements that have already been in play for a few months now. Then in early May, the Reserve Bank (RBNZ) released the latest Financial Stability Report (FSR), which contained even more discussion ar...
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{{name}} - APIA Auckland Property Investors

Rent (un)affordability: It is not how much landlords spend, it is how much tenants make

Given the drastic nature of the government’s Housing Package, it is hardly a surprise to see rental (un)affordability being thrust into the forefront of our national psyche. In the immediate aftermath of the 23rd March announcement, social media was ablaze with talks of a wholesale rent spike. Uncertainty and fear dominated the moment. And trigger-happy-finger-tapping housing market stakeho...
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{{name}} - APIA Auckland Property Investors

Daikin: How to get the most out of your heat pump this winter

Not all heat pumps are created equal and given the harsh weather conditions in parts of New Zealand, it is important for landlords to be able to choose the most efficient and reliable model to install to keep their tenants and rental properties nice and warm. We speak to Gary Felstead, Deputy General Manager of Sales at Daikin to find out more. Q. In addition to the minimum kilowattage ...
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{{name}} - APIA Auckland Property Investors

Kelvin Davidson: Our ‘top down’ perspective on the Government’s investor tax policy changes

It’s an understatement to suggest that the content of the Government’s housing policy announcement on 23rd March was a surprise to most. In reality, it was a major surprise to all. However, now that the dust has settled a bit, our perception is that the changes won’t have as much impact as first thought. Sure, some landlords will look to sell properties and/or raise rents sharply, but...
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{{name}} - APIA Auckland Property Investors

Ending an unsigned FT extension early

This week's question comes from Kowie S: We had a fixed-term tenancy from the end 2019- end 2020. Our landlords reached out close to the expiry date and offered us a 1-year extension via email. We responded by stating we would be happy to extend and asked that they would let us know when we can discuss and sign the contract. They replied by saying no need to sign, they will just change the...
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{{name}} - APIA Auckland Property Investors

How a hard-line approach to Tribunal claims can end up hurting you

On the awarding of legal costs by the Tenancy Tribunal RE: Thomas and other v Novus Vita Limited [2021] NZTT Wellington 4266110, 4266355 The basis of the Tenancy Tribunal is for parties in a dispute to achieve a just outcome swiftly and inexpensively. Lawyers do not generally get involved and as such, the Tribunal isn’t often concerned with issues relating to the award of legal costs...
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{{name}} - APIA Auckland Property Investors

Don’t hold on to application forms longer than you have to

When a property is put on the rental market, the landlord will likely, given the current shortage, receive an abundant number of applications. These applications contain personal information the collection, storage and disposal of which are subject to both s123A of the Residential Tenancies Act (RTA) and the Privacy Act (PA). The relevant provision of s123A has recently been amende...
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{{name}} - APIA Auckland Property Investors

Privacy and renting - a brain dump for landlords

Many of our members are aware that we have been interacting with the Office of the Privacy Commissioner (“OPC”) to assist with its current examination into personal information collection practices in the rental sector. Our intention is to put forward our members’ perspective and to provide the OPC with constructive input as to why and how landlords collect certain information. We exp...
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