Tag Archives: auckland property market

Home ownership dream fading

In New Zealand national house prices have jumped by $30,000 in the last year. A new Auckland Council report maps the rise in Auckland house prices over the last 15 years and relative deterioration in affordability for first-home buyers. To read the full story by Lane Nichols in the NZ Herald click here. “The share […]

What $1 million buys in Auckland: Mt Eden

Auckland is one of the most expensive places in the world to buy a home – an Economist report found that the average house price in Tāmaki Makaurau exceeds annual household incomes by eight times (the recommended ratio is three times a family’s earnings). In a recent series of articles in Stuff every week they take an in depth […]

Buying an Apartment in New Zealand

Are you buying an Apartment in New Zealand?  Are you clear on what you need to know before you enter into a contract? This week the Queen City Law team look at more property dangers and what to look out for when you are buying an apartment. We have written extensively on apartments click here to […]

Top selling price tipped for home with rotting floors and lacking power and water.

The Auckland property market moves from strength to strength, recent falls in the NZ dollar may see overseas investors rechecking their investment plans or taking advantage of their improving buying power. Even houses in the worst condition but are close to Aucklands more desirable suburbs are getting a bid.  The late-1800s two-bedroom settler’s cottage at 2 […]

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Warnings to be wary of get-rich-quick property investment schemes

Recent NZ Herald article By Susan Edmunds looked at  how the rate of the nation’s property market growth has also led to an increase in the number of companies offering to show newbie investors how to make their fortunes. Some claim investors will be able to substitute their incomes within a matter of years, retire young on […]

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NZ Herald Reports on the Suburbs with Best Rental Returns

Outer suburbs of Auckland offer higher returns to landlords than the more expensive central city suburbs such as Ponsonby and Mt Eden. While the rental market in Auckland is as varied and complex as the property market itself, rental yields tend to range from 4.5 through to around 6.5 per cent. There are rental properties […]

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New Zealand Institute of Architects – 2014 Apartment Design Awards

  I represented Queen City Law at the New Zealand Institute of Architects apartment design awards last week, where there was an impressive display of superb construction and property development projects. The Auckland Property Market is continuing its strong run despite cooling effects of the Reserve Banks move on rates.  I was probably only non […]

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Understanding IEP and DEE in Apartments

  What is an Initial Evaluation Procedure (IEP) or Detailed Engineering Evaluation report (DEE) and why is it so important when you buy apartments or commercial buildings? These all help you determine whether the building may be earthquake prone and will also affect your bank’s lending, your insurance cover/premiums, your tenants rights and obligations towards […]

House values soar in tight Auckland property market

A recent article in the NZ Herald by reporter Teuila Fuatai reports Auckland’s housing stock shortage continues to cause havoc for prospective buyers. The latest property figures revealing a sharp jump in prices in the city over the last 12 months. Read the full article here. Queen City Law are experts in the Auckland apartment […]

qc compliance

NZ Clarifies GST Rules For Bodies Corporate

New changes to body corporate rules will be a change worth noting for landlords and unit owners. Queen City Law are very experienced in dealing with body corporates if you have any other questions don’t hesitate to contact one of our team. New Zealand’s Revenue Minister, Todd McClay, has announced his intention to clarify through […]