The Overseas Investment Amendment Act comes into force on October 22nd 2018 and will impact every residential property transaction. The bill amendments aim to ensure that investments made by overseas persons in New Zealand will have genuine benefits for the country. Queenstown Law kindly answered some of the most asked questions regarding the new amendments. […]
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Buying off-the-plans is sometimes portrayed as a ‘risky’ investment but buying before the property has been built can hold many benefits from financial gains to peace of mind. Here are our top five benefits of buying off the plan: You get your pick of the properties! Buying off the plans means more selection as […]
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Our latest Harcourts Otago Market Report is out now. We discuss the factors influencing the property market and our outlook for the rest of 2018 for Otago.
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Reader’s Digest has announced its Most Trusted brands for 2018, and Harcourts, New Zealand’s largest real estate brand has come out on top. Meaning that for the sixth consecutive year, New Zealanders have voted Harcourts their Most Trusted real estate brand and making Harcourts the only real estate brand to have held this honour for this […]
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As the millennial generation step on to the property ladder, we see different trends emerging and more caution being taken when buying first homes. Deemed by some as the ‘pickiest home buyers’, Generation Y are turning the tides of real estate. Where generations before had limited resources when buying property and considered their first purchase […]
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Landlords are now obligated to provide warmer, drier and safer homes for their tenants. Any new, replacement or top-up insulation installed after 1 July 2016 in a rental home must meet the regulations that will apply to all rental homes from 1 July 2019. A landlord who fails to comply with the regulations is committing […]
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Revenue Minister Stuart Nash confirmed that the election “promise” to extend the bright line test from 2 years ownership to 5 years will be enacted, effective for properties acquired after the date of Royal Assent. The intended purpose of extending the bright line test is to ‘dampen property speculation’ and make homes more affordable. The […]
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The Overseas Investment Amendment Bill banning foreigners from purchasing certain residential homes has now been introduced in New Zealand.
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Queenstown is a confident property market and investors are benefiting from extremely high rental occupancy levels and year-round tourism. Airport numbers have risen by more than 102 per cent in the last six years, the average median dwelling value in Queenstown jumped a third in a single year (2015-16), and the average house price has […]
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