You d still have to go out 50kms and restrict yourself to the West past Massey or the South. And unl

Lyn has been looking at getting her toehold into the Auckland property market over the last year. As a first home buyer she could use kiwisaver and get the first home buyer incentives. Otherwise her income was sufficient to pay the mortgage on a smallish semi-detached or apartment like mine. Easy if I tagged along with her into her first home as a tenant (and rented out my apartment)  - but then then it d have to be big enough for two.
But either the value of the properties were too high and she couldn t make the deposit and/or the properties are too far out and she went into that trade off between mortgage cheap rome hotel payments and petrol prices  and travel times. cheap rome hotel Effectively what this translates to in Auckland is that if you want to have a property to raise kids in, then you have to spend so much time in the car that you will seldom see them. And you ll pay a bomb in ever rising petrol costs.
cheap rome hotel But the banks have dropped the effective required cheap rome hotel deposits down to 10% a month or so ago (while we were moving back into my apartment damnit). This naturally started the Auckland property market heating up. And an apartment next door to that of your current partner give some advantages if we don t break up.
Next door last sold at $212k less than a year ago and no other apartments have sold for higher for over 2 years mostly they have sold for less. It just sold for $245k this afternoon. A tidy profit cheap rome hotel to what is almost certainly a speculator.
You can see why the country needs a housing policy beyond National s subsidies cheap rome hotel  to property developers like big and expensive roading contracts so they can make more development land  available 50 or more kms from where the available jobs actually are . That is a policy designed to appeal to the very simpleminded like David Farrar .
So it seems odd  that when we are getting rocketing unemployment, we re now getting a speculative boom in housing prices for anywhere useful, a government fanatically trying to subsidize cheap rome hotel uneconomic subdivisions a long way from jobs, This all sounds familar. Next up will be a relaxation in building standards and regulation cutting red tape in Farrar cheap rome hotel palance, ultimately leading to the council cheap rome hotel paying $6 million on a $10 million dollar apartment building for the damage caused by their lax inspections.
You d still have to go out 50kms and restrict yourself to the West past Massey or the South. And unlike Wellington all the work isn t either in the downtown or in the Hutt Valley so we d need a lot more railways.
Move to a provincial city where house prices are 50% less than Auckland, travelling costs are much less, rates and water charges are nothing in comparison, and if you have kids they can grow up to some fresh hair.
Why not loosen up zoning and make accommodations (as has just been made for a corporate brothel) so that, say, plots that line Dominion Road, Sandringham Road, and other arterial routes to allow, say, 4 storey apartment style blocks. All would be on main bus routes so transport cheap rome hotel is easier. Even if people can t afford to buy they can rent (more homes for rent, less rent increases etc).
Their price was depressed. I m rather expecting cheap rome hotel them to be auctioning closer to $300k in the next few months as the current rental stock apartments around central auckland cheap rome hotel gets sucked up by owner occupiers
Also don t buy on lease hold land, ground rents are going stupid especially the Maori Land down around Beach Road across to the strand and Body Corp fees are going up after the changes cheap rome hotel to Unit Titles Act last year, specifically for 10 year maintenance sinking funds.
Yeah! Those increases in rates for lease hold land are pretty nuts all across the country, and the result is some people having to sell their houses because they can no longer afford to rent the land their houses cheap rome hotel are on. This is especially bad for the elderly who are on fixed incomes.
National might harp on about this being councils fault, but the increases are because rates are in most cases set by the value of the property and the land it s on. As values increase, so do rates, and it s pricing lots of people out of their communities. Personally I blame those damn property speculators again.
That is why a regulatory regime must be put into place, to stop exorbitant lease rates and general land and property values exploding. This is what is in place in many cities all over the world, but to my knowledge it was done away with, or never existed, in New Zealand.
If you want to know if your current building or one you want to buy is a possible leaker cheap rome hotel then spend money on having permanent cheap rome hotel probes installed. They are a useful device and can assist with maintenance. You get them read in every season and if a potential problem arises you catch it early maybe just needs re-sealing, or a change to a flashing all of which cost under $500.
As for me, I ahve a leaky home. I have had it injected with Boron so the timber treatment level is now well above minimum standard. Will be removing all cladding replacing cheap rome hotel with wooden weatherboards etc etc, eaves and so on and keeping these permanent probes to keep an ongoing record of the performance of the home. Too many think a house is leakproof and pay little attention to maintenance
One has to wonder, where all that money comes from to drive up prices to present levels in Auckland. Surely, it cannot just be the easy loan money from banks, which may be happy to lend with only a 10 per cent deposit cheap rome hotel being made by intending buyers of residential cheap rome hotel property. cheap rome hotel Banks have become more careful, and they will only lend if the lender cheap rome hotel has good enough credentials, a good credit rating and secure income.
a) existing, cash fluid buyers and investors, who have already a nice portfolio, they can use to borrow more on, to extend their portfolios (the wealthier and rich usually experience opportunities with exponential growth prospects, i.e. the rich get richer faster);
b) a small proportion of middle and upper middle class buyers, who have secure cheap rome hotel jobs and incomes, being professionals like teachers, doctors, nursers, technical, legal and other experts cheap rome hotel and so forth, some having secure cheap rome hotel employment with state agencies, departments, SOEs and also well established, mostly cheap rome hotel larger and stable private enterprises;
e) wealthy overseas investors, some buying apartments and other accommodation on the local market, to let to their off-spring, staff or others, while they study here as overseas students, work perhaps on contracts for set periods in well paid jobs and so forth; in down times they may sell again to ideally cheap rome hotel make a nice gain also.
This combined cheap rome hotel with a lack of construction for residential real estate, due for a number of reasons, creates a shortage of housing for even the cashed up prospective buyer, driving up prices AND rents.
There are no or little controls on how high land values cheap rome hotel can go, and there is NO CGT. Hence, especially in inner city and rim areas, property prices can be driven sky high, also discouraging construction for ordinary residential purposes. Some owners sit on empty lots for years or decades, just waiting for a great cash up sale, giving them enormous gains tax free, at the expense of the community. In other countries and cities they often have control systems in places for property and real estate price growth, but not really here in NZ.
Going green-field is not going to solve much, and will only create a Los Angeles style urban environment, which is hardly recommendable. There must be controls brought in to contain speculation with land and built up property, to ensure that development and construction does not explode to the benefit only of a few. A CGT is an essential tool to achieve this, but even more may be necessary.
Surely, the government must start a large housing development plan, of a better cheap rome hotel type as past Housing NZ schemes. Some introduction of regulations to contain land price speculation is worth considering. Also a look is needed at building material costs. Why does NZ export raw logs to China for value added processing, and locally timber and other materials are too expensive to use for construction?
Just to reflect cheap rome hotel on what was done in the past, have a look at the third Labour government. Yes, it would not be fitting for todays purposes, but then again, how far has NZ gone away from what used to be normal , acceptable and sensible decades cheap rome hotel ago. What has been achieved with laissez faire, privatisation, hands-off free-enterprise and selling out of services and state assets? Only a few have benefitted, while most struggle and are dropping down the ladder.
cheap rome hotel One has to wonder, where all that money comes from to drive up prices to present levels in Auckland. Surely, it cannot just be the "easy" loan money from banks, which may be happy to lend with only a 10 per cent deposit being made by intending buyers of residential property. Banks have become more careful, and they will only lend if the lender has good enough credentials, a good credit rating and secure income.
The money was created by bank debt between 2000 and 2008 and is now sloshing around the system. Things like tax cuts to the rich have increased the ability of well off people to service cheap rome hotel bigger mortgages now as well; these credit worthy people have no problem getting a mortgage for $400K to $600K in Aukcland.
b) a small proportion of middle and upper middle class buyers, who have secure jobs and incomes, being professionals cheap rome hotel like teachers, doctors, nursers, technical, legal and other experts and so forth, some having secure employment with state agencies, departments, SOEs and also well established, mostly larger and stable private enterprises;
Particularly, do you have any evidence that teachers, nurses and many of the low-to-middle of the middle-classes have enough funds for buying into the Auckland housing market at the moment?  Stories I ve been hearing includes a (woman) teacher having difficulty finding a house to buy as far out as Massey in west Auckland. And she wouldn t even consider looking further in to the c