Every landlord dreads receiving a negative final inspection report after tenants vacate their rental property. Your initial reaction might be to withhold the bond, but complications arise if the damage is claimed as ‘fair wear and tear’. If this is disputed, tensions can escalate. The tenant might vent on social media, criticising both their landlord and property manager, or they might apply for a bond refund, potentially leading to a prolonged dispute at the Tenancy Tribunal. Clearly, this is a situation everyone wants to avoid. The crux of the problem often lies in the vague definitions of ..read more

Downsizing your home doesn’t have to mean downsizing your lifestyle. In fact, one of the biggest advantages of moving to a smaller space is gaining financial freedom and security. Plus, it’s an opportunity to declutter and adopt a more sustainable way of living. If your current home feels too big or unmanageable, downsizing could be the perfect solution. It’s a chance to simplify your life and enjoy a more streamlined living environment. Deciding when to downsize The timing of your downsizing journey depends on various factors like your lifestyle, finances, and future plans. Some choose to dow ..read more

The winter bite is starting earlier, as the property market slows in June, with slower sales and mixed sales prices across New Zealand. According to the Real Estate Institute of New Zealand (REINZ), the total number of properties sold in New Zealand decreased by 25.6 percent year-on-year, from 5,854 to 4,356, and by 32.6 percent compared to May 2024. Northland was the only region to see an increase in sales, up by 11.9 percent year-on-year. REINZ Chief Executive Jen Baird noted that the property market in June is reflecting the wider economic climate in New Zealand. “The typical winter lull, c ..read more

In today’s digital age, where online listings and virtual tours dominate, real estate agents have had to adapt significantly. While technology has revolutionised the home buying and selling process, Kiwi real estate professionals remain indispensable allies in navigating the competitive property market. Let’s explore the evolving role of New Zealand real estate agents in the modern era and how they leverage technology to enhance the home-buying experience. Benefits of using real estate agents Leveraging technology The rise of technology has undeniably transformed the real estate landscape. Buy ..read more

As a landlord it is crucial to understand and comply with the Healthy Homes Standards (HHS) to ensure your rental properties provide safe and healthy living conditions for tenants. The standards cover various aspects of the home environment, including heating, insulation, ventilation, moisture ingress and drainage, and draught stopping. Key compliance dates 1 July 2024: All Kāinga Ora (formerly Housing New Zealand) and Community Housing Providers must comply with the Healthy Homes Standards. This early compliance requirement ensures that state and community housing tenants live in healthy and ..read more

From 1 July, 2024, the real estate landscape in New Zealand is undergoing a significant transformation, bringing about key changes that will impact property sellers, buyers, and investors. Staying informed about these regulatory updates is crucial for effectively navigating the market. In this comprehensive guide, we explore the intricacies of these new regulations to provide you with a clear understanding of their implications. Changes to the bright-line rules A brief history of the bright-line test The bright-line test was introduced in 2015 to curb property speculation and ensure that profi ..read more

In a dynamic real estate market, effective negotiation is key to achieving the best outcome when selling your home. While dreaming of securing a price far above expectations is natural, it’s equally important to stay grounded and understand the market landscape. Understanding market realities Your real estate agent will provide an estimate based on comparable sales and current buyer interest. This informed pricing is crucial in attracting potential buyers without undervaluing your property. Relying on an agent’s expertise ensures your expectations align with the market, preventing disappointme ..read more

Investing in a holiday home can provide a rewarding opportunity, offering both a source of income and a personal getaway. However, before diving in, it’s critical to assess the potential costs and benefits. Whether you’re paying in full or considering a second mortgage, understanding the impact on your finances, lifestyle, and long-term objectives is crucial. Here’s an overview of key considerations to help you determine if a holiday home is a suitable investment for you. Holiday home investment in New Zealand Purchasing a holiday home is a popular choice for those looking to enjoy time with f ..read more

Property market conditions have remained stable for some time, with interest rates at their current peaks and property prices not changing a lot. With a stable market, buyers have confidence that prices and conditions are not going to change, which means they are proceeding with caution to ensure they due their fair share of due diligence before committing to purchasing a new home. The latest data from LJ Hooker Group for May highlights a positive trend in the property market, with an uptick in sales for the month. Simultaneously, there has been a decrease in new listings, indicating a shift i ..read more

You have probably heard the phrase ‘never judge a book by its cover’, well that doesn’t count for open homes. Although it can be a nerve-wracking experience, first impressions matter. Make sure you showcase your property in its best light when opening the doors to potential buyers. First impressions are made in an instant. To prepare your property for sale and ensure your open home is a success, there are several steps you can take beforehand. Preparing for your open home Home staging Home staging involves arranging your home to be as attractive as possible for potential buyers. This includes ..read more