Landlords stories
Property tech firm Re-Leased has raised $2.3 million from New Zealand and UK investors in its first external capital round.
Evidence from a New Zealand office trial could help landlords justify spending on healthier workspaces, with plants only part of the picture.
Investor buying climbed to 25% of New Zealand property purchases in July, the highest share since late 2016, CoreLogic said.
Affordability and tight supply are driving activity in cheaper districts, with Tararua, Waipa and Selwyn topping the turnover rankings.
Auckland’s weakness is masking stronger gains elsewhere, with provincial house values rising 8.2% over the year and interest rates low.
The real estate group is set to expand faster in New Zealand after Derryn Mayne bought a 25% stake, bringing ownership back into local hands.
CoreLogic says tighter lending and higher costs have left investors and first home buyers tied on 24% of purchases in early 2019.
Sales volumes in February marked the sharpest annual fall for 16 months, even as prices kept climbing across most of New Zealand.
Re-Leased plans to double its team and open a US office as part of its international expansion, investing $10m over three years.
Fewer rental homes and higher rents could follow a capital gains tax, with landlords also cutting back on professional property managers.
Landlords face fines of up to USD $4,000 from 1 July, as contractors struggle to insulate 125,000 rental homes in time.
Tenants in Auckland and Wellington face tighter leasing conditions, with record-low vacancies likely to push rents higher over the coming years.
Strong demand and scarce listings are expected to keep Dunedin property values climbing in 2019, despite higher insulation costs for landlords.
Policy changes in 2019 could dampen buyer demand and reshape lending as New Zealand's housing market enters another year of low, steady volumes.
Wellington-based startup Proper launches an app enabling landlords to conduct thorough background checks on potential tenants, ensuring trustworthy renters.
Local startup Tether aims to solve New Zealand's housing problem with its home environmental monitoring system.
Councils could soon use digital planning tools to cut delays and paper work, while blockchain may also reshape property settlements and rentals.
A child was nearly crushed in less than 45 seconds when an unguarded gate closed around them, prompting a safety alert.
Lower vacancy rates in Auckland and Wellington are boosting landlords' returns, with Green Star office buildings drawing tenants more quickly than the wider market.
Tenants face another winter in damp, cold rentals as most landlords have yet to begin costly upgrades before new healthy home rules bite.