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Rents surge for urban living options

Changing mind-sets mean apartment, townhouse and unit rents have skyrocketed by 6.3% year-on-year to a record median weekly high of $420, new Trade Me Property data shows. A surge in the popularity of apartments is driving this, according to this month’s Trade Me Property Rental Index. The national median weekly rent for an apartment has…

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Giant Waikato industrial park underway

Roading and infrastructure contractor Fulton Hogan has commenced earthworks on the first 6ha of a giant Ruakura industrial development 3kms to the east of Hamilton’s CBD. Encompassing 480ha of planned logistics, industrial and commercial precincts, Stage 1 of the Tainui Group Holding (TGH) development will be anchored by a 30ha inland port which is due…

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More Rights for Tenants

Here’s a summary of my findings concerning the changes Labour propose to make to tenancy laws: –       extend 42 days notice periods to 90 days –       abolish ‘no cause’ terminations of tenancies –       limit rent increases to annually, from 6 monthly currently –       stop property managers charging letting fees –       introduce a landlord warrant of fitness –       include a formula for…

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Your Bank Deposit is not Secure

Here’s something I suspect most people in NZ don’t know, and should. The money they are storing safely in the bank in low interest term deposits, that low risk, low return money stashed away for a rainy day – its not safe. New Zealand has no deposit guarantee for money held in a  bank, nothing, zero… In…

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