As more New Zealanders make their way home, the country is witnessing an increased demand on an already strained rental market. This combined with a high number of people unable to afford to buy a home, this has put pressure on the available rental stock in Taranaki. Despite more affordable loans and increased government assistance in purchasing a residence, the simple lack of supply is presenting a unique challenge within the region.
As the country comes out of a full lock-down, Level-2 has brought back slight normality for our property management team right across Taranaki. Things aren't back to normal by any means, however, we are now able to operate further sections of our business to help ease the stress of both landlords and tenants. As we now start to transition into Level-2 and eventually Level-1 many questions remain on how rental properties can be managed, and the landlord's responsibilities.
The COVID-19 pandemic is an unprecedented event that is creating an understandably difficult and overwhelming time for many. With the closure of schools, businesses and many people finding their lives turned upside down in this new norm it is undoubtedly a challenging and frightening time for property owners and tenants alike.
If you own a rental investment then you are sure to have heard of the Healthy Homes standards which passed into law on the 1st July 2019. The governments reasoning for the standards was to stop the rising number of rental homes that were maintained at a poor standard and to help the increasing number of families being admitted to hospitals every year around New Zealand with preventable illnesses caused by poor housing conditions. As we spend a lot of our time in our homes, the quality of housing and the indoor living environment is an essential component towards our health and well-being.
Topics: Healthy Homes Standards
Property investments have many advantages. From the likely value increase as house prices increase to the steady equity gain of paying off the debt via rental income. Focusing on acquiring property and renting it out is a popular choice for investors across New Zealand.
Topics: property investment
For most people Christmas rolls two of the best annual highlights into one. In New Zealand we get to have the joy of spending time with family around the tree intertwined with the high likelihood of the weather being good enough for the suddenly full house to spill out into the backyard.
Property is a very hot topic at the moment and with a fair amount of reason! From values that are skyrocketing to cooling house prices and record low interest rates combining with increased laws aimed at landlords it seems like anyone and everyone has something to say about the New Zealand property scene. It's important to highlight that none of this article constitutes financial advice and is simply readily available information condensed into one place.
Taranaki is a place typically associated with two main industries; oil & gas and dairy. Labelled locally as 'black and white gold' for the prosperity both bring to the region, there are new updates that may see the fortunes of the region shift towards newer areas.
Thanks to significant government investment through the Provincial Growth Fund, and a local desire to be known as more, there are large changes coming that the savvy investor can seek to capitalise on. In this article we'll highlight some of these new developments and outline why Taranaki is a region on the up!
When you're self-managing a property it can seem like the list of jobs just keeps growing. From leaking showers to gutter cleaning it can seem like there are not enough hours in the day. And if you're not staying on top of all the small jobs then the risk of a massive job suddenly rearing its ugly head becomes more and more likely by the year.
The Healthy Homes legislation has been released by the government and aims to increase the quality of rental accommodation across New Zealand. It is doing so by making certain standards a minimum legal requirement for landlords to meet. The properties we manage are all now insulated making them compliant to the standard required at this point of time, but we wanted to share the updated standards that all rentals must meet so that anyone managing their own rental has the information needed to ensure they comply with the new laws before the deadlines.