While you might be looking for a fixer-upper, you want to make sure you’re not purchasing a money pit. But how do you know whether your fixer-upper is going to be worth the renovations and work you do to it?
Lots of New Zealanders own rental property – it has been a popular form of investment over the years. The difference between an investment property and our own home is that we earn an income from it. Returns from property investment come from rental income and from any increase in the value of property over time (capital gains).
While the rewards of property investment can be high, it doesn’t come cheap. Most investors will pay several thousand dollars per year in property management fees, maintenance costs, council and water rates, insurance and loan interest expenses while waiting for their asset to grow.
The global Covid-19 pandemic has created a very uncertain time, but that helps to create opportunities in the real estate industry. Buyer behaviour may have slowed down, but property investment is a long term goal which can be more attainable during a pandemic.
The Covid-19 pandemic is having an ever-changing impact on many aspects of our lives. From travel and movement restrictions and self-isolation to business shutdowns and job losses, many of us are facing struggles we’ve never had to face before.
With Alert Level 4 restrictions put into place in the wake of the Covid-19 pandemic, the way property owners and landlords manage their portfolio has been interrupted.
Owning a holiday home provides multiple economic benefits, whether it’s used for personal holidays, a retirement home or an investment home.
When it comes to buying property, the best time to buy can depend on a number of factors. The time of year, market conditions and what’s happening in the wider economy can all affect whether or not it’s the right time to take that leap.
Saving for a house deposit and finally purchasing a home can seem like a marathon task, but you might already be prepared enough? Here are some signs that indicate you might be closer to your own home than you thought.
The private rental sector has expanded at more than twice the rate of the increase in Australian households in the last two decades. This increasingly diverse form of tenure now houses about one in four of us.