Please stop asking about our fees!

Start asking us about our VALUE The question needs to change to- What do I get for the money that you charge? Property Management is not an easy career and a lot of our job goes on behind the scenes and we carry out the tasks because that is what we do. However we often forget to tell our clients…

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House Prices and Rent Levels

Despite everything that has been tried over many months house prices continue to soar. Prices have risen by over 25% in a single year – not everywhere but the national average house price has risen from $659,500 to $826,000 in the 12 months to July 2021. This represents an average capital gain of $166,500 for Kiwi homeowners – more than…

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Over 30 years with Quinovic New Zealand- 13 Years with Quinovic Merivale

Mixed feelings as we are about to settle on the sale of our last rental property. A strange feeling after over 30 years as a Quinovic client. It started in Wellington in 1990. Having been transferred offshore we were seeking a professional to manage the rental of our family home in Silverstream. By far the best of the managers we…

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TradeMe Snippets

We haven’t looked at TradeMe rental listings for some time and there has been a considerable change. As at 19.7.21: By bedrooms:   1 2 3 4 5+   Christchurch 174 225 260 134 141 934 Banks Peninsular 5 3 3 1 0 12 Selwyn 5 11 22 17 7 62 Waimakariri 1 5 16 12 1 35   185…

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Are people Selling Up?

Despite all the predicted doom and gloom following the Government’s recent changes to many aspects of the residential rental market we have not witnessed any rush by investors to get out of the market. We have only lost 2 properties (3 rental agreements) as a result of investors selling. On the other hand, we have witnessed strong interest from investors…

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Core Logic Snippets

Highlights from Core Logics data for June: Changes in property values:   Month Quarter Year Average value New Zealand 1.8% 7.2% 22.8% $906,532 Auckland 1.5% 5.3% 18.6% $1,283,895 Hamilton 1.9% 10.0% 27.7% $801,919 Tauranga 1.0% 9.0% 23.2% $978,067 Wellington 2.3% 9.5% 30.8% $1,024,649 Christchurch 3.0% 9.6% 21.7% $631,114 Dunedin 1.3% 5.5% 19.6% $654,995 It’s good to see that after several…

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General Market Comments June 2021

We find it interesting that only now the medias are focusing some attention on the fact that the Government gave itself (state housing) a longer period of time to meet its own Healthy Homers Standards. They have until 1 July 2023 to bring all 66,000 state homes up to standard. To date they have done less than 11,500 according to…

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Media Questions

All the talk about shortages coupled with recent changes announced by the Government, many of which looked like they would impact on investors prompted one reporter to ask us a series of questions. We were surprised by our answers. What is the current demand like for residential rentals in Christchurch? The market demand is steady and similar to this time…

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From the Courts- Leaky Buildings

May be of interest to some of you. The long-Awaited class action against James Hardy has begun. Claimants allege that JH provided faulty cladding materials and continued to market these even once they were aware of the problems. JH’s counter-argument is that the materials were fine but the fault lies with poor workmanship by builders. (ED. Having owned 3 leaky…

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Have these changes worked ? may 2021

The latest report from Corelogic shows first home buyers formed only 21.5% of the market for the first 3 months of this year. This is the lowest since 2018 and down from 24.8% in their last report.  House prices still move upwards – a seasonally adjusted increase of 25.6% over same time last year. From $680,000 to $810,000 national average.…

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Government Interferance in the Market 2021

An item on TV3 Newshub suggests that even if house prices fell by 20% over 75% of people renting property would still not be in a position to buy a home. We would seriously question that this Government – nor any Government before it or still to come – has the appetite to see house prices drop to this degree.…

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The removal of tax deduction 2021

Media coverage suggests that the Government’s decision to disallow interest payments as a tax deduction was made against the advice of officials. It seems that officials from Inland Revenue, Treasury and the Ministry of Housing and Urban Development were unanimous in advising Government not to remove this tax deduction. They were supported by economists and the general public. The thrust…

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How to “WIN” That Property

As Christmas draws nearer so does the peak season for rental properties, and competition can be high. If you show up to a rental inspection with fifty other people, you can’t afford to be cavalier about your application. If an agent is trying to choose between you and another application that has all ‘I’s’ dotted and “T’s’ crossed, you need to…

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Increase the Value

With different areas around New Zealand showing various rates of capital growth and rental returns, some investors are looking to be more proactive when it comes to increasing the value of their property. (Or just making it more appealing to perspective tenants) Whether you are planning on selling in the near future, or just looking to ensure that you attract…

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Spring as Sprung

As the flowers begin to bloom ( and the rain settles in ) we must not let our house be stuck with the winter blues. Spring cleaning is all about freshening up our homes and your minds, to get a head start on the always hectic finish to the year. So, get the kitchen gloves ready and follow these steps…

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