We do get asked a lot by out of town investors on our knowledge and opinion of the Hawkes Bay urban property market. So here it is: Over the past two weeks there have been plenty of articles in the local paper (HB Today) on facts that impact any residential property investor’s future. Let me just list the points. Read more!
You may have noticed that it has become a lot more difficult to find rental properties in Hawkes Bay. When we advertise a property, we get at least five times the enquiries we used to get 18 months ago. Here are some tips to increase your chances of being the successful applicant:
1) ENQUIRE text or email INFORMATION: (Complete information saves yourself and us time!)
– Your Name
– How many people is this for?
– What pets if any do you have? State NO pets if applicable!
– Your cell phone number
– what days/times would be best for you to view (if you are restricted)
– know who will move in and state that on the application.
2) COME PREPARED – VIEW:
– When you come to the viewing: BE ORGANISED:
– You must have photo ID (Drivers license is best
– have last two addresses and phone numbers of past landlords available
– Come with all adults that are applying or going to live at the property
Top Tips to miss out:
Not having photo ID
Not having previous landlord phone numbers OR other references
Not remembering previous addresses
“Just having lost the wallet”
Coming by car but having no drivers license on you
We wish everyone good luck finding a home. Sometimes a home we have available may not be suitable for you and we hate to waste your time inviting you to a viewing, if our instructions by the property owner are clear as to for example how many people they will allow or if they allow pets.
We are trying our best to serve the owners we work for AND our tenants.
We do all we can to provide our tenants with a healthy and warm home. We encourage all our clients to install efficient heating and insulate properties to a very good standard well before the 2019 deadline. Most our properties are fully insulated and have a wood burner, a heat pump or an infrared heater (Infracomfort brand). However it also takes some skill, knowledge and practical measures by a tenant to ensure they keep warm and healthy. We found this brochure sensible and helpful. PLEASE CLICK HERE FOR THE BROCHURE.
As we are getting closer to winter, mould and mildew can be a problem – if the property is not handled properly or if it is defective. It is not always the landlord’s fault or responsibility as airing and heating a property is also a huge factor. Don’t wait until it gets worse! Please find helpful information here.
How you use your wood burner may determine how effectively it works – and if you actually damage it or not. Find information here, too if you have a new wood burner and use it for the first time. Please click here to find out more.
I found we get a lot of information on property all the time, but often it felt as if property news was ever only about Auckland Wellington and Christchurch.
We were keen to get information together that affects the Hawke’s Bay market and I have now tried to collate what I could find.
This is data directly related to property as well as economic information that I think is significant. I welcome comments and information that could be of interest to anyone investing in residential property in Hawke’s Bay. This will sometimes just be the figures I took from an article, sometimes the whole article. Often it will be information from Hawke’s Bay, sometimes national information relevant to Hawke’s Bay. I will leave the interpretation to you.
WHAT IS DRIVING HOUSE PRICES AND RENTS UP? A commonly asked question and main factors quoted are: Number of sales low, Interest rates low, Official cash rate low, Immigration up, building consents up, mortgage approvals up, rents up. While we get bombarded with information on those factors, we are often frustrated with the lack of data available for the Hawkes Bay urban area. This is why we have decided to watch out for scraps of information to back up our anecdotal evidence on market development. We will do that under the heading “Housing demand Hawkes Bay”.
Consents for houses are up in Hawkes Bay but there is concern that there is a land shortage. Statistic New Zealand figures: 40 new dwellings were granted consent this January – twice that of last January (2015) (HB-Today 05-03-2016 P 13)
CHINESE VISITOR NUMBERS SET TO GROW – Currently 4 per cent of Chinese have a passport. This is expected to grow to 20% by 2025. (HB-Today Sat 05-03-2016 P 3)
RENT DEMAND AT RECORD HIGHS
Over the past 12 months we have experienced increasing and unprecedented demand from tenants for rental properties in all categories. This morning’s paper hints again at one of the causes:
“Migration still climbs
New Zealand saw another record net gain in migrants of 65,900 in the year to January,driven by increased arrivals from asia and Australia. The annual gain in migrants has set records for the past 18 months. Arrivals rose 10 per cent to 123,000 in the January 2015 year, while departures fell by 1 per cent to 57,100.” (Source: HB Today 26-02-2016)
We are actively looking for rental properties to manage!
We have recently had a fire at one of the properties we manage. A very frightening and costly experience. It is important for tenants to know, that insurances will examine if the fire has been caused by the tenant. We have just recently installed appr. 160 new 10 year life thermoptec smoke alarms to ensure all properties we manage have the best smoke alarms available to us. This is why! We were always shocked by the number (up to 50%) of smoke alarms we found with an empty or no battery or the smoke alarm removed, when we inspected properties. – Please watch the video – you can hear the smoke alarm! – No one got injured. RESPECT FIRE SAFETY!
During recent round of inspections we came across a number of properties where tenants have put up an inflatable pool. As a landlord we have a responsibility to act if a tenant elects to put up a pool in the garden that is not compliant with a variety of rules and regulations. No one wants an accident and no one wants to take responsibility for someone else’s actions.
Under the RTA (Residential Tenancies Act) the tenant is responsible for his and his visitors’ actions. Any inflatable pool with a water level higher than 400 mm of water is non-compliant. It is therefore necessary for landlords to be aware of the regulations and issue a 14 day notice to tenants if their pool does not comply. With that notice we attach advice about rules and where to get more information. You will find all the rules on both coucil’s websites:
NAPIER: http://www.napier.govt.nz/services/building-consents-information/swimming-pools Read more!