A dedicated lane for developers is ready: RELAB helps you secure prime land!
Limited listings, unprecedentedly low interest rates, the prospect of further rate cuts and adjustments to loan-to-value ratio (LVR) lending restrictions… Together, these factors are pushing the property market in Auckland and across New Zealand to successive new highs.
Limited listings, unprecedentedly low interest rates, the prospect of further rate cuts and adjustments to loan-to-value ratio (LVR) lending restrictions… Together, these factors are pushing the property market in Auckland and across New Zealand to successive new highs.
Most quality properties on the open market are selling at a premium, which is unwelcome news for professional investors. An irrational market drives up land prices, delivering handsome gains for homeowners while leaving developers’ subsequent projects without a profit margin.
To stay ahead in this fiercely competitive market, investors need more expert judgement and must stick firmly to their bidding limits.
As investment legend Warren Buffett once said: “Be fearful when the market is greedy, and greedy when the market is fearful.”
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Search across multiple criteria to sidestep competition and make a decisive move
How can you find promising investment projects and undervalued opportunities, build your competitive edge and make a decisive move in an overheated market?
At present, the only right answer is to avoid fierce competition by finding projects that have yet to reach the market and align with your investment approach.
Yet looking is easy; actually finding something is much harder. Search functions on New Zealand’s mainstream property websites are currently very limited. Take Realestate.co.nz, a favourite among local house hunters: its searches are restricted to a handful of criteria, such as location, price and bedroom count. It cannot conduct broad, flexible searches for off-market properties. It struggles to fully meet even ordinary homebuyers’ needs, let alone help developers and professional investors identify properties with real value.
But a game changer has arrived!
RELAB’s advanced search lets you search using every detail that matters to you, including multiple criteria such as property tenure and Unitary Plan zoning. Users can genuinely customise searches around a wide range of details, saving developers considerable time when looking for good sites and projects, particularly land for high-density development!
A dedicated lane for developers, made simple
RELAB truly puts the power to search back in users’ hands! It creates a dedicated lane for developers that is simple to use. With RELAB’s advanced search, professionals have a lane all of their own, avoiding the frustration of competing with the wider market for attractive properties.
Most importantly, advanced search is extremely powerful yet very easy to use. A YIJU New Zealand reporter tried it several times before the interview and found the experience silky smooth:
First, choose your search area
Enter the desired project location in the search bar. Your keywords can be as specific as a particular street in a suburb, but if you have no precise requirements, broad keywords—or even leaving the field blank—are fine!
Second, set your search criteria
After choosing the search area, set your criteria. RELAB’s advanced search offers multiple options, including property tenure, Unitary Plan zoning, CV range, land area range and land-to-building value ratio. You can even include whether a property is in the Double Grammar Zone as a search criterion.
Third, run your search
Once the criteria are set, run the search and results will appear on the right-hand side of the webpage within seconds. At the far right, you will also see useful information such as whether the property is currently listed, when it was last listed and its sale price, giving you immediate access to relevant details.
After several broad searches, you may have pinpointed projects that interest you. They may be off-market, but a good real estate agent sees the potential to open the door to any property!
For developers, readily securing a good acquisition price allows them to focus on designing a product that suits customers’ tastes, laying the foundation for the project’s future success.
All the information on one screen, for a seamless experience
Alongside advanced search, RELAB 3.0 anticipates users’ needs,
offering the following features:
• Powerful mapping features include stormwater pipes, wastewater pipes, topographic maps and 360° Google Street View, allowing you to view homes and land from home during the pandemic as though you were there.
• The system displays Auckland Unitary Plan land-use zoning, making complex provisions clearer and easier to understand.
• Users can look up property ownership information and purchase title records online, making project due diligence more precise and professional.
• An intelligent subdivision calculator handles subdivision calculations and financing options in just 1 minute, revealing a site’s potential at a click.
Whether you are a novice homebuyer hoping to settle and build a life in New Zealand or a property industry professional, RELAB is your expert partner in the New Zealand property market, supporting your property purchase, development or investment journey!