There’s a lot of speculation about what will happen to the New Zealand property market over the coming year. While there may not be a definitive answer for that, one thing that is clear is that interest in rental properties is heading south. Last year, The New Zealand Herald reported TradeMe property figures showed a decline of 2% in tenancies from a year earlier. This could be in response to the rise in rental prices, or perhaps the hunger of so many buyers to take their position on the property ladder.  "The number of listings has continued to track up, as buoyant values and low interest rates lure investors to the market,” said TradeMe property at the time. However, "demand from tenan…

  Always happy to impart his wisdom, Warren Buffett continues to share his advice about possible investment opportunities.  For those interested in property investment, Buffett says, “proceed” but always with the “utmost of care”. No opportunity should be entered into lightly, or without the proper, prior research.  In an interview with CNBC he continued and said that, “with the right property management one can take advantage of the numerous single family homes available at discounted prices across America”. It a very attractive prospect he noted, because there is leverage to owning these properties.  By purchasing a cheap family house, one can transform the investment into additional m…

An article a few months ago in the NZ Herald addressed the rising cost of property across the country, by sharing what your money could get you elsewhere in the world.  If someone sold their Auckland home for the median price of $535,000 they could, for example, secure a four-bedroom apartment in Marrakech, Morocco, a three-bedroom house in Pukhet, Thailand or a two-bedroom home in Budapest Hungary. Should a Wellington property sell in the market for the average $405,000 price tag, the money could be used towards a one-bedroom villa in Mendoza, Argentina. If selling in Christchurch at the mid price of $383,000, one could get a nice two-bedroom apartment in Kuala Lumpur.  What would these…