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Just last week the Third reading was completed and passed for some new laws that come into effect on the 30th January 2025. We are quite happy with these changes as they give owners some control back. The changes are: * Reintroducing 90 day "No Cause" Terminations for periodic tenancies, meaning Landlords can end a periodic tenancy without a specific reason. (From 30 January 2025) *...
The Reserve Bank has reduced the OCR(official cash rate) by 50(0.5%) basis points. The rate was effective from Thursday 10th October 2024. ASB, ANZ & Westpac now have advertised fixed rates as low as 5.69% for 24 month fixed. This will give home buyers more confidence that now is the right time to buy. With the weather warming up, prices may start to warm as well. The next rate decision ...
With the announcement of interest rate drop last week, there has been more confidence with buyers in the market. Already we have seen a property sell with a multi offer situation with 5 offers. This type of activity hasn't been seen for over a year. According to Jen Baird, REINZ CEO, she has stated that "Owner-occupiers, first home buyers, downsizers and investors were the most active ...
Preparing Your Property To Rent. Whether your a new investor or a seasoned investor, this is a great guide and checklist for preparing your investment property for lease. At Ultimate our Property Managers can guide you through this process, we always say “Start Right - Finish Right”. This means if you follow the right steps in the beginning then the your in for smooth sailing du...
Preparing Your Property For Sale When selling your house, it is important to present it in the best way to ensure it attracts the buyers and you’re able to secure a sale in a reasonable amount of time for the highest possible price. It is a good idea with your Ultimate Real Estate Agent to step back and take a long, hard look at how your home might look to other people. This can be di...