Property
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Kiwis need education to avoid the residential investment bias
- August 24, 2023
More needs to be done to educate Kiwis about alternative investment options if the country is to succeed in shifting the focus of middle New Zealand from onerous debt-burdened residential property investment as the only path to financial security. Director of wholesale Commercial Property Investment firm Mates Invest, Ryan Impson, says that while politicians may promise to wind back property taxes and reinstate the ability to offset interest paid on home loans...
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It’s time for Kiwis to end their love affair with residential property
- August 10, 2023
The eroding viability of residential property investment is a good reason to support a new debt-free commercial property venture aiming to keep Kiwi dollars in New Zealand. Company director at Mates Invest, Ryan Impson, says timing is everything, and increasing financial uncertainty is a massive opportunity for Kiwis to pivot to a more simplified investment strategy. While some in the finance industry warn mum-and-dad investors that the national preoccupation with residential property ...
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Social stigmatism may be the reason many Kiwis fear property investment
- July 18, 2023
The social shaming of property investors by politicians is one reason ordinary Kiwis are nervous about investing. Prominent Wellington Property Coach Steve Goodey says two critical pillars of the New Zealand economy are farming and property investment--food and housing--and both are under attack by politicians such as the Greens. "Politicians and activists are using the power of envy to shape public opinion and to leverage votes, without thinking through the long-term consequences ...
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Unlock the Matakana lifestyle, earn while you sleep
- June 21, 2023
Designed and purpose-built to be shared, the newly completed Matakana Sheds bring a touch of the Canadian Rockies to the heart of the village and a fresh take on the traditional batch—having been initially created to generate passive income from Airbnb. Now up for sale as a buy one or buy all offer (main house included), each of the five brand new one-bedroom A-frame steel dwellings—reminiscent of Canada's snow-covered mountains and lakes—enjoy a large, maintenance-free garden tropica...
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Mom ‘n pop investors moving to sell-up amid recession fear
- February 10, 2023
As interest rates rise and house prices start to come down, the market is seeing a rise in mom-and-pop property investors contemplating whether to sell their investment properties in the expectation that times may get tougher, said Ray White Mairangi Bay agent Drew Miller. New data from the CoreLogic House Price Index showed home prices might dip a further 15-20% in the second half of 2023. On top of that, while increases in the Reserve Bank’s official cash rate (OCR) are forecast...
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Urgent need for mandates around home based renewable energy
- November 30, 2022
A New Zealand solar energy installer is warning that electrifying New Zealand—EV vehicles, trains and digital technologies—while building thousands of new homes that cannot generate their own renewable energy is foolhardy in light of Transpower’s warnings about strain on the national power grid. The director of Vital Solar, a leading Auckland solar energy specialist, Cameron Dick, said that even if new buildings were provisioning for renewable energy, there are not enough trained instal...
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House vendor confusion leading to losses and disappointment
- November 25, 2022
Property vendors who try to outsmart the market by holding out for the heady sales prices of yesterday are bound to come unstuck, a local Ray White real estate agent is warning. Ray White Mairangi Bay real estate agent, Drew Miller, said today that mixed messages from commentators about where the market is going is leading to vendor confusion, indecision and, in some cases, cause financial losses. "People hear that prices are trending down, then they read that some regions are recording re...
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New flexible co-working space launches in Hamilton city centre
- October 20, 2022
Co-working space The Crate plans to complement the energy of Hamilton’s town centre with the opening of a new facility in the city—modelled on its highly-popular Rosedale flexible working office space. The multi-use co-working space will be located on 526 Victoria Street and feature similar facilities to The Crate’s successful Auckland-based offering. It will offer 90 desks with a mix of both flexible and dedicated workstations, boardrooms, office suites, virtual offices, business co...
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Zoning law changes could create threats, opportunities and neighbourly wars
- October 13, 2022
The government's latest changes to city planning rules will almost certainly ignite an increase in simmering neighbour wars, but there are ways to avoid too much friendly fire, says Ray White real estate agent Drew Miller. "Upcoming government planning reforms will create lots of opportunities for homeowners, but I expect we're going to see a sharp escalation in neighbourhood conflicts," Miller says. In August, the government introduced two major planning reforms to enable higher...
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Flood of Boomers selling up face big losses due to lax 1990s compliance
- September 6, 2022
With the bulk of Baby Boomers expected to sell up and retire between 2022-2037, the lax property compliance practices of the last 40 years are coming back to bite many who are at risk of losing all the value in their actual houses—buyers are only prepared to pay for the land—because they don't have Code of Compliance Certificates (CCC). Ray White Mairangi Bay licensed real estate agent Drew Miller warned he is seeing a rising number of boomers who—wanting to sell up because they want to...
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What Is Coworking, and What Are Its Benefits
- August 2, 2022
Coworking spaces have existed for some time, but following the COVID Pandemic, they’ve entered something of a heyday. Businesses have begun recognizing the many benefits of coworking. Join us as we discuss coworking, explain what it is, and touch on some of its many benefits. What is Coworking? “Coworking” is the use of a mutual office by freelancers and workers from different companies. The coworking space is owned and managed privately, and companies or individuals essentially rent ...
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