Property · Building · Design
With New Zealand's daily coronavirus case numbers continuing to rise, the Prime Minister announced this afternoon that the government would require all healthcare workers and teachers to be vaccinated against COVID before they could work. One of the most widely discussed questions recently has been whether every New Zealand resident should be vaccinated.
Plaxo Mortgages' fifteen years have passed through changing seasons, overcoming obstacles and moving forward through innovation. They have been fifteen eventful years of weathering challenges together, joining forces and building a shared future.
This afternoon, the Reserve Bank of New Zealand unexpectedly announced that it was raising the Official Cash Rate (OCR) to 0.50%, an increase of 25 basis points.
New legislation on property tax changes was first announced on 23 March 2021. It will be referred to a select committee for scrutiny and is expected to pass as an amendment to existing law in March next year.
In May this year, the National Business Review published its 2021 New Zealand Rich List. Graeme Hart, who became the first New Zealander whose wealth exceeded NZ$10,000,000,000 in 2019, once again topped the list with assets of NZ$11,000,000,000.
We never thought we would see the day. Since the pandemic began, it feels as though we witness history every day. At 5h this morning, New Zealand Immigration Minister Kris Faafoi announced the latest immigration policy, the ‘New 2021 Resident Visa’. Widely described as an ‘immigration amnesty’, the policy is conservatively estimated to benefit 165,000 migrants living locally without residence status.
Many investors see rental property in New Zealand as a sure winner. It can serve as a long-term investment, delivering gains as property values rise, while steady rental income helps cover ownership costs. It offers the potential to preserve and grow capital, alongside stable asset returns and a way to save.
On 23 September, the US Federal Open Market Committee (FOMC) announced the much-anticipated outcome of its September monetary policy meeting. At the subsequent press conference, Federal Reserve Chair Jerome Powell formally outlined the latest policy on monetary tightening, saying: “Inflation has made substantial progress. It is time to taper asset purchases.” This means the global monetary “tap” may be starting to turn off!
Many people move to New Zealand hoping for a more comfortable, relaxed life, and work towards that goal every day. The homeowner in today's story is no exception.
On 19 August, the New Zealand Chinese Building Industry Association (NZCBIA) reported on Auckland Council's adjustments to building consent, resource consent and engineering regulatory services at alert level 4. Following Auckland's recent move to alert level 3, Auckland Council has published a new notice on its official website outlining changes to applications and inspections for building consents, resource consents, engineering regulation and other council services at alert level 3.
Remember the torrential rain and flooding a few weeks ago that turned west Auckland into a sea overnight? The storm damaged more than 5500 homes in west Auckland.
When it comes to Auckland areas where Chinese residents most like to live, the North Shore and eastern suburbs are the clear favourites. Yet discussions of the best eastern suburbs often overlook Pakuranga, an exceptionally well-located area with convenient transport links. Within 3 kilometres are two large shopping centres, Silvia Park and Botany Mall, along with a medium-sized and a small shopping centre, Pakuranga Plaza and Highland Park. Chinatown, familiar to the Chinese community, is also located here.