Category Archives: News

Average wage can’t buy Otara house

Posted on April 25, 2007 by newshound

From the NZ Herald By Simon Collins The average house in Otara, Auckland’s poorest suburb, is now just out of reach of someone on the national average wage. Calculations for the Herald by Mortgage Brokers Association chairman Geoff Bawden show … Continue reading →

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Don’t buy coffee and cars if you want a house

Posted on April 24, 2007 by newshound

From the NZ Herald A leading property investor has questioned why people on above-average wages cannot afford to buy a home after a report predicted dramatically falling home-ownership rates. Property Investors Federation vice-president Andrew King said people on $70,000 a … Continue reading →

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Landlords feeling the pinch

Posted on March 8, 2007 by newshound

From the NZ Herald, by Brian Fallow House prices have soared while rents have barely moved, leading many to conclude rental property is overvalued. But research by economists challenges that conclusion. Over the past five years house prices have doubled … Continue reading →

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No vacancy for renters

Posted on January 21, 2007 by newshound

From the NZ Herald No vacancy for renters By Nicola Shepheard Prospective tenants are bribing property managers and landlords with flowers, gifts and free labour in Auckland’s super-heated rental market. January and February have always been a landlord’s market as … Continue reading →

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Diana Clement: New Year’s resolution – dump the duds

Posted on January 20, 2007 by newshound

From the New Zealand Herald What better time than the New Year to ditch your dud investments and use the money to buy better ones.

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