Recent Roy Morgan research shows that 41% of survey respondents picked government/ public policy/ housing issues as the most important problems facing New Zealand
Landlord.co.nz recently posted the following summary of Party policies in the upcomming election. Many obviously seeking the vote of the large portion of NZ;s population struggling in an out of control housing market.
One policy is to extend the existing bright line test from two years to five years, while maintaining the current exemptions.
Recently There has been a lot of publicity around meth contamination and particularly the frustration with finding out in a cost effective, accurate and timely manner whether a home has been contaminated and to what extent the home is affected. As shown in recent TV reports some onsite testing can be problematic presenting false high readings scaring away potential buyers or false negatives causing future stress and worry for all concerned.
NZ Herald online is reporting that a recent death of an elderly blind woman, in an Auckland Department complex, Had recently been ordered and refused to vacate her premises for 5 week for remedial repairs to be under taken. This according to the herald Highlights the stress and problems that can face leaky Home owners. Body corporate properties can have further complications that stand alone homes. as such Auckland Central MP Nikki Kaye is due to release findings of her probe into the sector early next month. Home Owners & Buyers Association president John Gray , hopes the Cabinet Minister's inquiry into body corporate will enable faster dispute resolution. Gray, says he hopes apartment owners' rights will be strengthened.
"Buildings under repair for leaks often displayed far more serious issues than initially expected, he said, citing structural defects which compromised the safety of some buildings, and the lack of fire-rated walls to stop the spread of fire."
read full article here: Death highlights leaky-building stress: advocate.
This really accentuate the face that all Home BUYERS even in well present commercially constructed apartments and units must have a Builders report carried out and and a weathertighness report is there is any doubt - Call us or click here to book 0800 223787
Buying and selling Rentals, second homes or investment properties? IRD's Residential Land Withholding Tax ( RLWT ) kicks in from July 2016. Under this rule you'll pay tax on income you earn if you buy and sell a house within two years, unless you're selling your main home or another exception applies. But it turns out that even if you gained the property through a relationship agreement, and then decide to sell you may be pinged income take for the profit!