When Will The High Cost of Living End? Last month we addressed the high costs of rent and mortgage payments, food, transport and petrol expenses we are all grappling with and made a couple of suggestions as to how to manage the expense of breathing. This month, we’ll look at what has caused these costs to rise. This in turn will help us make a…
Posts Published byGreg
Should You Buy a Property With a Body Corporate
Should You Buy a Property With a Body Corporate We often get negative feedback from potential buyers about the cost of the body corporate fees when we are marketing apartments. What is a body corporate? A body corporate is a legal entity made up of all the owners within a unit-titled property. A body corporate is responsible for the management and maintenance (including planned maintenance)…
Is a Recession a Bad Time to Invest?
Is a Recession a Bad Time to Invest? Is there light at the end of the tunnel during a recession? In the wake of Covid-19 and the responses of governments worldwide, investors have been concerned about inflation and higher interest rates. Higher interest rates make it more expensive to borrow money, reducing the amount people are willing to pay for assets, such as shares, bonds…
Auckland’s Real Estate Market: A Look at the Latest Trends
Auckland’s Real Estate Market: A Look at the Latest Trends The latest report from the Real Estate Institute of New Zealand (REINZ) for the month of July 2023 shows that Auckland’s median prices decreased by 8.8% year-on-year, down to $990,0001. However, there are some strong indications that this trend may be changing. Auckland’s Real Estate Market Activity According to most local real estate salespeople, first…
Handling the Cost of Living
Handling the Cost of Living It’s no secret money doesn’t grow on trees. Many New Zealanders are currently struggling to deal with the high costs of living. Food, petrol and electricity are but some of life’s essentials that have increased in cost enormously in the past couple of years. If you’re a tenant living in rented accommodation it’s likely you’ve experienced an increase in your…
How to Purchase a Home at Auction
How to Purchase a Home at Auction With auctions being a popular process to sell your home, let’s take a look at how to purchase a home at auction in a little more detail so you know what to expect. Most purchases before heading to the auction, begin with a visit to the open home, but if it’s not possible for you to attend the…
Investing in the Market: Why You Shouldn’t Panic When the Market Goes Down
Investing in the Market: Why You Shouldn’t Panic When the Market Goes Down As a Financial Adviser who has experienced many market downturns, one common theme we see across our ‘mum and dad’ investors is nervousness when markets fluctuate, or stay down for long periods of time. Investing in the market. We are in a market like this right now. 2022 was the worst share…
Janet Is Interviewed By Nathan Barker From Connectworks
I was interviewed by Nathan Barker from Connectworks. We talked about the intersection of law, accounting and trusts. The accounting and law professions have always had to work closely together – relying on each other for various aspects of certain transactions and relationships. Despite that, they have always been seen as very ‘separate’. There are obvious reasons for this, both avenues require very different types…
Mastering the Art of Negotiation: How a Mortgage Broker Can Help You Get the Best Deal
Mastering the Art of Negotiation: How a Mortgage Broker Can Help You Get the Best Deal The process of buying a home or investment property can be both exciting and overwhelming, especially when it comes to securing a mortgage, that’s where a mortgage broker can help. Whether you are a first-time homebuyer or an experienced property investor, negotiating the best mortgage terms is crucial to…
Property Market Update For June 2023
Property Market Update For June 2023 The Real Estate Institute of New Zealand (REINZ) has released its June 2023 report, which shows a renewed level of activity in the New Zealand property market. Compared to June 2022, June 2023 has seen a notable increase in sales, with a total of 5,629 properties sold across New Zealand, up 14.6% year-on-year. This increase in sales is particularly…