Kapiti Financial Advice Limited – KiwiSaver and Investment
Earlier this week the Real Estate Institute of New Zealand released their Monthly Property Report for the month of October in which Chief Executive, Bindi Norwell, commented that “October 2020 will go down in ‘housing history’ as being the point in time when Auckland region’s median house price hit the million-dollar mark for the first … Read more
Last week’s REINZ property statistics indicated that lower and lower interest rates are feeding into higher and higher property prices, with buyers taking advantage of low interest rates and serviceability to get into a market that some fear will keep rising. In short, fear of missing out is trumping any concerns that the full extent … Read more
Latest data from the REINZ revealed that the property market continued to surpass expectations in August, supported by low interest rates, the prospect of rates moving still lower, a lack of listings, ongoing post-lockdown demand, the removal of LVR’s and first time buyers trying to get into the market. Activity continues to be underpinned by … Read more
Latest data from the REINZ revealed that the property market continued to defy “expectations” in July, supported by pent-up demand and perhaps post-lockdown relief. REINZ CEO, Bindi Norwell, noted that activity during July was underpinned by strong levels of interest and engagement from all buyer levels, including first home buyers, investors and families looking to … Read more
The property market is being tugged in all directions. The full disruption and impact from the Covid-19 outbreak has yet to run its course. There has been post Covid-19 relief in recent weeks, but yesterday’s announcement of community transmission underlies the fragility of our recovery. Confidence will be dented. That said, there are fundamentals that … Read more
Earlier this week the REINZ released residential property statistics for June, revealing a 9.2% increase in the national median house price from the level prevailing in June 2019. The national median house price was $639,000, compared to $620,000 in May and $585,000 in June 2019. The Wellington region recorded a 10.5% increase in the median … Read more
A number of people have asked me about the merits of Family Trusts, particularly in relation to property. This is a brief overview, designed to provide an introduction to Family Trusts prior to professional advice being sought. It might also prompt some of the questions you may wish to raise when talking to a professional. … Read more
The REINZ have released residential property statistics for November which recorded a new record national median house price of $630,000, with 10 of the regions also recording record highs in their median prices. Median house prices across New Zealand have increased by 8.6% over the past 12 months to $630,000, up from $580,000 in November … Read more