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Tag Archives: Investors

Property Management Newsletter for November 2014: Investor eye rent rises; Immigration boom to sustain market

Posted on November 20, 2014 by Quinovic Parnell

auckland property rentals

Property Investors eye rent rises
Many of Quinovic’s property investors – especially those with properties in Auckland – are reviewing their rents as they approach the end of another year of increases in property values and council rates rises.
Recent surveys of landlords have shown a majority intend to put up rents. Our Property Managers are keen to assist any clients considering increases by sharing their information and insights about local market conditions and providing advice on acceptable rents for specific properties.

Many property investors already dealing with rising insurance costs have also been hit with significant council rates increases, which were a significant contributor to increased housing costs for the September quarter, according to Statistics NZ figures released in late October. Housing rentals were up 2.2 per cent for the quarter, while the cost of newly built houses jumped by 4.8 per cent.

Meanwhile, low quarterly and annual inflation figures provided some reassurance for property investors as economists agreed the Reserve Bank was likely to hold interest rates steady for some time.

September quarterly inflation of 0.3 per cent was lower than expected, and annual inflation was down to just 1 per cent – the lowest since the lowest the middle of last year.

And a year on from the introduction of the LVR 20 percent deposit rules, Reserve Bank Governor Graeme Wheeler credited the restrictions with dampening house-price inflation and credit, and reducing consumer price inflation pressures. Mr Wheeler did not predict when the LVR rules would be lifted or relaxed.

A useful round up of current and predicted future mortgage interest rates by Bernard Hickey at interest.co.nz, on October 21, noted that banks had been cutting their two and three year rates by more than 50 basis points since the beginning of August. “Two year mortgage rates have fallen clearly below 6% and now around 100 basis points below advertised mortgage rates”.

Bank economists were recommending fixing over floating rates with 2-3 years fixed being the most attractive.

Immigration boom to sustain property market:

Immigration boom to sustain market:

Immigration has, in recent years, been a key driver of the rental property market and investors will be welcoming news that demand for accommodation by new arrivals to New Zealand shows no sign of dropping.
Record immigration numbers were released last month and the Government is stepping up its drive to attract skilled workers, including expat Kiwis, from countries such as the UK and Australia.

Figures for the 12 months to September revealed an unexpectedly high inflow, which the Government said was being driven by international students, particularly from India, and more people returning home from Australia.

Immigrants totalled more than 105,500 for the 12 months and the net loss of 6000 people to Australia was the smallest since 1994. The record net gain totalled 45,400 people compared to the previous record, in 2003, at just 42,000.

Meanwhile, Government will hold a series of job expos in the Australian state capitals starting this month in Perth and Sydney. Organised by the Ministry of Business, Innovation and Employment, together with international employment event organiser Working In, the job fairs aim to encourage more Kiwis to return home and Australians to settle here to help fill emerging skills gaps and support thriving New Zealand-based businesses.

Tertiary Education, Skills and Employment Minister Steven Joyce says some New Zealand employers, particularly in the construction, engineering, and ICT sectors, are finding it hard to recruit sufficient numbers of skilled and experienced workers. These targeted job expos build on the success of similar events in the United Kingdom and Ireland and will expand the pool of potential candidates for New Zealand
employers wanting to grow their businesses.

“For many people Australia and New Zealand are becoming one labour market. We’ve donated lots of our people to work over there in the last 20 years. Now with our economy doing better, it’s time to get more people moving back the other way.”

If you are wanting to talk to an experienced property manager, contact Quinovic Parnell

 

 

Posted in Quinovic Newsletter | Tagged Immigration boom to sustain market, Investors, Investors eye rent rises, long term rental property management, property investors, property management, property managers auckland, property rental, Quinovic, Quinovic Parnell, Quinovic Property Management Parnell, www.propertiesrental.co.nz, www.quinovic.co.nz

Quinovic Property Management February 2011 Newsletter – Flight to Quality

Posted on March 8, 2011 by Quinovic Parnell
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Flight to Quality

Investors around NZ are increasingly turning to Quinovic’s experienced and professional property management teams following extensive changes to the Residential Tenancies Act (RTA) last October, says Quinovic Managing Director Ross Davey. “While the changes were welcomed by the sector, they have increased landlords’ responsibilities and smart investors are aware that they risk significant penalties for wide-ranging offences under the Act,” says Ross. “They realise it’s more important than ever to choose a well established, reputable management company with good systems and good people. “The RTA amendments have certainly lifted the bar and any

investors attempting DIY portfolio management need, at the very least, to familiarise themselves with the changes and appoint a NZ-based agent if they’re going to be overseas for more than 3 weeks.” Ross says “corner shop” operators may be able to offer budget fees but lack the knowledge, experience and systems needed to safeguard property investments worth hundreds of thousands of dollars. “There’s definitely a ‘flight to quality’ happening out there. “At the very least it’s important to have property managers available round-the-clock, as the Christchurch  earthquake showed, and to avoid entrusting your assets to individuals that may have a conflict of interest,” says Ross. “Quinovic is now in its 23rd year as a specialist residential property management company and we ensure our franchise owners are very high calibre individuals who are passionate about property and well informed. We provide national software support for our internal software and have a strong management team of experienced people to provide support

For a copy of the newsletter please click on the link below

NEWSLETTER February 2011

Posted in Quinovic Newsletter | Tagged Business and Economy, Christchurch earthquake, Community management, Condominium, Investors, New Zealand, NZ, Parnell, Property, property investments, property investors, property management, Property managment, Property portfolio, Property portfolio management, Quinovic, Quinovic Auckland, Real estate, residential property management, Residential Tenancies Act, Ross Davey, RTA | Leave a comment

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Quinovic Parnell’s outstanding people and systems provide the most professional, effective and reliable residential property management service.

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