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Napier housing market slows over holidays

February 19, 2017

Buying General Market Selling

During December and January, sales plummeted 33% to 82 and 87 sales respectively as the Napier housing market showed signs of slowing. This was partly due to the holiday season, but more significantly as the Reserve Bank’s prudential policies started to have their desired effect. These restrictions are two-fold: investors across the country now need […]

Daylight saving begins

September 24, 2016

General

Daylight saving begins this weekend when Summer time starts. Remember to turn your clocks forward 1 hour. Summer time means that sunrise and sunset will be about 1 hour later than the day before, so there will be more light in the evening. This turning point, is also an opportunity to take care of a some biannual tasks around […]

New tenancy regulations finalised

May 5, 2016

Buying General Selling

The Residential Tenancies Act Regulations about smoke alarms and insulation have now been finalised by Cabinet. The Regulations were developed in tandem with the other amendments to the Residential Tenancies Act 1986 that are due to commence on 1 July 2016. The final Regulations include (among other things) the following: INSULATION All residential rental properties will need […]

Kiwisaver withdrawals easier

April 29, 2016

Buying General

Building and Housing Minister Dr Nick Smith has announced that changes to KiwiSaver withdrawal rules for buying a home will make it easier for second-chance homeowners. Dr Smith today released the first full year results of the HomeStart scheme, which showed it has helped 11,943 people into their first home with grants of $55.6 million; […]

Daylight Saving checklist

April 1, 2016

General

Daylight saving ends this weekend when local standard time is restored. Remember to turn your clocks back 1 hour. Winter time (also know as “Fall Back”) means that sunrise and sunset will be about 1 hour earlier than the day before, so there will be more light in the morning. This turning point, is also an […]

Adding value to your home

November 11, 2015

General Selling

Nearly every home requires a spruce-up before sellers head to market. The complexity and expense of that update has been contentious since the first cave dwellers hand decorated their walls! The Block and other reality renovation programmes, in which contestants spend a large amount of money and effort to fix up homes, has helped fuel […]

Beware break fee for fixed loans

October 18, 2015

General Market

Mortgage interest rates have fallen rapidly in recent months after the Reserve Bank began cutting the official cash rate in June. Home-owners can now lock in a mortgage for as low as 4.35% for a year if they meet special conditions. According to interest.co.nz, this time last year the average one year fixed term mortgage […]

New tax rules for property traders

September 29, 2015

Buying General Selling

Tax can change the outcome of a financial benefit greatly. As the number of property transactions increase, be aware of the changing tax consequences of some property transactions from this month forward. Generally there is no capital gains tax on property sales in New Zealand. However, new rules affect properties purchased from 1st October 2015 and […]

Housing market announcements

May 18, 2015

General Market

This month there have been several announcements affecting the housing market, but regional areas like Hawkes Bay are unlikely to experience any significant changes to the status quo. In its six-monthly financial stability report, the Reserve Bank announced its intention to introduce new loan-to-value ratio (LVR) limits on lending to property investors in the Auckland […]

ANZAC Day poppies

April 26, 2015

General

Why are they selling poppies, Mummy? Selling poppies in town today. The poppies, child, are flowers of love. For the men who marched away. But why have they chosen a poppy, Mummy? Why not a beautiful rose? Because my child, men fought and died In the fields where the poppies grow. But why are the […]

The resonances of ANZAC day

April 23, 2015

General

A hundred years on from the Gallipoli landings, on ANZAC Day the entire country honours and remembers New Zealanders who have served at war. ANZAC Day commemorates the loss of life and of innocence at war. Interestingly, recently my sons school librarian directed my 12 year old son away from the fantasy stories he’s enjoyed reading […]

Hot Cross Bun Pudding

April 3, 2015

General

This recipe is a sensational spin on a classic pudding. It’s a great way to use up leftover hot cross buns. This is an indulgent and comforting desert. Ingredients: 6 Hot Cross Buns 2 cups cream 1.5 cups milk 3 eggs Zest of 1 orange 1 handful sultanas Berries & cream to serve Sugar to […]

Your daylight saving checklist

March 22, 2015

General

Daylight saving ends on Sunday 5th April 2015. You’re probably looking forward to that extra hour of sleep you get when we turn the clocks back. But a little more shut-eye (and the threat of being an hour early to work on Monday) isn’t the only thing Daylight Saving Time can signal. You can also […]

The home insurance shake up

February 23, 2015

Buying General Selling

On 22nd February 2011 a 6.3 magnitude earthquake in Canterbury killed 185 people, injured thousands and caused unbelievable property damaged. This event, considered an aftershock of the quake six months earlier, not only changed lives forever, it changed the face of house insurance in New Zealand. Since then, home owners have no longer been able […]

KiwiSaver boost for buyers

February 9, 2015

Buying General

First home buyers were among the big winners from National’s win in last year’s general election.  A series of changes to the KiwiSaver first home buyer packages come into effect from 1 April 2015. These changes are designed to help lower and middle income first home buyers attain their dream of owning a home. There […]

Napier's new Rating Values

January 15, 2015

Buying General Market Selling

Last month Napier property owners received a revised Rating Value for their property. The Rating Value is an assessment of the freehold value of a property. It is one of the factors used by a council for calculating the rates that individual ratepayers will pay. In Napier rating valuations are reassessed every three years from […]