Understanding Debt-to-Income restrictions and Loan-to-Value ratios: A guide for property investors From 1 July, 2024, significant changes came into effect that impact property investors in New Zealand. The Reserve Bank of New Zealand (RBNZ) introduced Debt-to-Income (DTI) restrictions, while Loan-to-Value Ratio (LVR) restrictions have eased slightly. This guide helps property investors understand the changes and […]
The weather is getting warmer and we are heading into a busy selling season in the Christchurch real estate market. Harcourts Holmwood have recently announced another Gala Auction on Thursday 19 September from 4pm at our auction rooms (Ground Floor, 397-399 Ilam Road). Spring Gala properties: The Holmwood Gala Auction packages include special marketing offers […]
Before moving: Giving Notice – Generally, tenants need to give at least 28 days’ written notice to end a periodic tenancy. The process is different for a fixed-term tenancy, make sure you know what is required before you start planning your move. Final Inspection – Make sure you understand from your property manager the process […]
We are pleased to bring you the latest updates on the recent property tax changes that have been passed into law. The main tax changes are; Interest deductibility for residential property Returning the bright-line test to two years Removal of depreciation for commercial buildings. Interest deductibility of residential investment properties is to be phased in […]
The government restores interest deductibility on investment properties Updates on tax reform have been announced, with Associate Finance Minister David Seymour announcing that the government will reinstate deductibility for mortgage interest on residential investment properties. The government will phase in interest deductibility on mortgage interest paid on residential investment properties. Landlords will be able to […]
Click here to see the full article from OneRoof here. ‘Broke $9m’: Christchurch house price record smashed for second time in a matter of weeks Christchurch’s house price record has tumbled for the second time in less than a month, after a large property on the hillside suburb of Scarborough sold off-market for more than $9 […]
There is no such thing in the Residential Tenancies Act (RTA) as a month-by-month tenancy, however, we are sometimes asked to give a tenant a months’ notice, so let’s clear this up. The closest thing to a month-by-month tenancy is a short fixed-term tenancy. However, if a short fixed-term tenancy exceeds 90 days, it is […]
End of Financial Year Tips for NZ Landlords Published on: 20 Feb, 2024 As the end of a financial year approaches, landlords have an opportunity to assess their property investments and make strategic changes to optimise returns. Proactively reviewing finances, scrutinising deductible expenses, reviewing and adjusting rent, and assessing insurance cover, can help landlords […]
What you need to know when putting your rental on the market for sale Published on: 22 Jan, 2024 Source: Harcourts.net Section 47 of the Residential Tenancies Act 1986 (RTA) states that if at any time after entering into a tenancy agreement, the landlord puts the premises on the market for the purposes of […]
Inspiring Growth and Success at Holmwood’s Annual Development Event Our team recently had the privilege of attending a transformative event packed with motivation and valuable insights. The day was filled with dynamic keynote speakers and engaging panel discussions, led by some of the most respected figures in the industry. We extend a heartfelt thank you […]
