Property Investment Information

Older investors are helping fuel a resurgence in the inner-city Auckland apartment market.

The sector is bouncing back after two years suffering from leaky building fears, over-supply and banks refusing to lend the same percentages on "shoebox" apartments as other properties.

Last year's Auckland City Council valuations showed inner-city values had dropped by 3 per cent, compared with an average increase of 12 per cent. (more...)

A fraudster posing as a Property Manager is fleecing landlords of their rent money. He is gaining the landlords permission to manage the property then approaching the tenant with an offer of cheaper rent. Typically this cheaper rent is for a six month fixed term lease, with the six months rent paid up front. He then takes off with the money.

Tenancy Services say that the landlord is out of pocket as they contracted the fraudster. (more...)