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Industry Articles

Property · Building · Design

How many landlords are waiting for Alert Level 2 to find new tenants? One way to put worries about broken tenancies and rent arrears behind you!

Over the years, news reports have periodically covered tenants maliciously damaging homes, theft from rental properties and methamphetamine contamination, leading to ongoing disputes between landlords and tenants. Since the pandemic began, more landlords have been left struggling with tenants unable or unwilling to pay rent. There is, in fact, a way to resolve landlords' worries once and for all: take out landlord insurance, also known as a landlord extension.

Have the capital and courage? These are the businesses to invest in after Covid-19

As the Covid-19 pandemic and the resulting global economic shock affect New Zealand, we are seeing clear, unprecedented trends emerge in the business sales market. More than ever, business owners need professional advice on how to adapt their operations effectively to an entirely new market environment. For buyers, meanwhile, groups and individuals with capital and the courage to invest may face a once-in-a-lifetime opportunity.

Post-COVID-19: housing market opportunities in these places are too good to miss

Whether through short-term fluctuations or long-term trends, COVID-19 has undeniably had a major impact on New Zealand's housing market. After the slowdown caused by lockdown, a surge in searches on major property websites over the past fortnight shows that buyers remain keen to enter the market. So what changes will emerge in New Zealand's housing market after the pandemic? Where will future opportunities lie? Here are 5 predictions from property experts.

Property sales plunge, prices hold steady and demand offers hope! A short-term fluctuation or the start of a longer-term trend?

What changes have the COVID-19 pandemic and a month of lockdown brought to New Zealand's property market? Are these merely short-term fluctuations, or the beginning of medium- to long-term trends? Barfoot & Thompson and Colliers have recently released their latest analysis reports, describing current conditions in the property market and related economic sectors and forecasting their possible direction.

Making redundancies? Have you made your best efforts? What employers and employees need to know, part two

Small and medium-sized businesses dominate New Zealand's economy, and many employees and employers have enjoyed relationships as close as family. Faced with an unavoidable wave of redundancies, how can employers and employees who once worked harmoniously and shared each other's fortunes confront this crisis together? We interviewed lawyer Joy Yuan and legal executive Elaine Li of Turner Hopkins about some of the issues of greatest concern to employers and employees.

Wage subsidies: 5 key questions beyond the amount | What employers and employees need to know (part one)

We will ultimately have to face some harsh realities: the wave of redundancies already under way at large companies, the struggle for survival facing small and medium-sized businesses, and the fact that the government's 12-week wage subsidy period is already more than halfway through. We plan to publish a series of articles examining the issues facing businesses and staff, employers and employees, in the hope of providing useful guidance and support. Today, we begin with some questions about wage subsidies.

Practical tips: boost income, cut costs and take control of cash flow

With the COVID-19 pandemic, a global economic downturn has become an almost indisputable reality. Faced with this crisis, how can we increase income, cut costs and safeguard cash flow? Let's hear the professional advice of Tony Su, a senior chartered accountant at Bocheng Chartered Accountants.

Property viewings allowed at Level 3! Real estate transactions could return to normal

With the coronavirus outbreak, New Zealand entered Alert Level four and a nationwide lockdown, sending the property industry into a slump alongside other sectors. Although online marketplaces and transaction platforms were launched, as Barfoot & Thompson managing director Peter Thompson put it: “Not being able to physically view a property is an enormous challenge for any buyer.” Now, the doors are finally opening again—

Buying a home with a 0 deposit? Does the Reserve Bank have the final say?

The Reserve Bank of New Zealand (RBNZ) announced yesterday that, following public consultation, it would temporarily remove loan-to-value ratio (LVR) restrictions on bank lending, probably for a year. The move is clearly intended to encourage more buyers into the market and help drive economic recovery. But can this promising ambition be realised?

Focus: safety in this industry will affect all New Zealanders

At yesterday afternoon's press conference, Prime Minister Jacinda said New Zealand would move down to Alert Level 3 at 0h on 28 April, after the Anzac Day holiday. This means some businesses that do not require face-to-face contact with customers can resume production. New Zealand's construction industry promptly released its COVID-19 construction site health and safety protocols.

Level 3! What can landlords and tenants do? Residential rental trends analysed

Since the pandemic began, New Zealand's residential rental market has taken a substantial hit as countries close their borders and repatriate citizens, while international students and work visa holders are unable to enter. Today, Franklyn Young of Crockers Property Group analyses the current state of the residential rental market and its near-term outlook.