Industry Articles

Immigration lawyer warns of a major loophole in the November work visa policy, could you be affected? Check now

On 7 May this year, Immigration New Zealand brought immigration advisers together for a webinar to formally announce its 2021 work visa policy. The update primarily implements the work visa proposals put forward in September 2019, combining six existing work visa categories into one. Employer checks will drive the new work visa application process, with the new policy taking effect on 1 November 2021.

23/09/2021

The pitfalls novice landlords have encountered over the years: how many have caught you out?

Buy a house, renovate it, then rent it out for more than the monthly mortgage repayments. Being a landlord may sound easy, but successfully managing your investment property is far from simple.

17/09/2021

Have your say: auction property numbers plunge, yet NZ's average house price passes a million dollars! What do you think of high house prices nationwide?

Two reports yesterday, 13 September, particularly caught our attention. One said that New Zealand's average house price had exceeded NZ$1,000,000 for the first time. The other reported that the number of properties auctioned by Barfoot & Thompson had fallen from 163 in the week before lockdown to 27 last week.

15/09/2021

House prices kept rising during the August lockdown, could this be the next area with the greatest investment potential?

According to the latest house sales figures from Barfoot and Thompson, Auckland’s median house price rose 2.6% in August to NZ$1,130,000, up 23.9% on the same period last year. The average sale price fell 0.2% to NZ$1,181,000, up 18.7% year on year.

10/09/2021

New CV release delayed again by level 4 lockdown! Auckland property valuations could surge this year!

As a barometer of property market values, capital valuations, or CVs, are a keen concern for hundreds of thousands of Auckland homeowners. With the pandemic bringing another level 4 lockdown this year, the council announced last week that the CV release originally scheduled for October had been delayed again until December this year.

09/09/2021

Bloomberg releases its latest global pandemic resilience rankings! New Zealand plunges 26 places! Overnight, New Zealand becomes the world’s most tightly locked-down country!

On 26 August, Bloomberg released its August global pandemic resilience rankings. Low vaccination coverage, stringent lockdown restrictions and sharply reduced flights weighed on New Zealand’s economic resilience during the pandemic, leaving it in position 29, down 26 places from July.

08/09/2021

Can you still get a bank loan under level 4? With uncertainty over the Reserve Bank’s OCR, where are mortgage rates heading? An industry expert answers your questions

With New Zealand house prices continuing to rise in recent years, ordinary people need to save at least a million New Zealand dollars to buy an average-priced Auckland home outright—equivalent to more than a decade of an ordinary wage earner’s income without spending anything on food or drink. Combined with the recent uncontrolled outbreak, this has left many loyal YIJU New Zealand readers anxious. They have been asking us: where are lending rates heading under level 4 lockdown?

07/09/2021

Shops and building sites keep being burgled during Level 4 lockdown. What can you do? An expert insurance adviser shares practical advice

Over the past few days, our editorial team has noticed that, alongside the increasingly serious pandemic, many criminals are exploiting the fact that most businesses cannot open under Alert Level 4 to loot their premises! This adds to the hardship of businesses already without trading income because of the pandemic. More infuriating still, many victims are businesses in our Chinese community!

06/09/2021

Resurgent pandemic plunges global shipping into its biggest crisis in 65 years! Shipping disruption poses major challenges for New Zealand

Just how congested are the world’s ports? Repeated pandemic flare-ups this year have worsened congestion at numerous ports worldwide. More than 350 cargo ships are currently queuing to unload, plunging the global shipping system into its biggest crisis in 65 years.

03/09/2021

Average national house price rises NZ$15,000 in August, while housing lending hits another high!

Although the pandemic remains uncontrolled, house prices across New Zealand have risen sharply. Recently released figures show that housing lending continued to climb over the 12 months to mid-August this year, before the Level 4 lockdown. Total lending grew 12.1% year on year, the highest annual growth rate since February 2008.

02/09/2021

The people who understand buyers best: nearly 2,000,000,000 in 6 years, helping you win before the starting line!

No buyer restrictions, luxurious interiors, a low price per square metre, city views, a double garage… Even after racking your brains, are these the only kinds of selling points you can find for your sales advertising?

01/09/2021

Million-dollar townhouses sell out in 48 hours! Your questions about finance for the hottest townhouse market ever, answered in one article!

Last weekend, contracts were signed within 48 hours for all 10 townhouses marketed by Ray White Kemeys Brothers in Days Bay, Wellington. The 10 townhouses are due for completion in 2022. The 3 two-bedroom properties sold for more than $975,000, while the other 7 three-bedroom townhouses sold for $1,200,000 or more.

31/08/2021