Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that a significant increase in the number of first home buyers entering the Hamilton residential housing market is the primary factor contributing to the median dropping to $346,500 in August from $350,000 in July. “The slight dip in Hamilton’s median house price this month is not a signal that values are slipping. It’s simply that the median has shifted because there were more buyers at the lower… Read more

July Housing Report

Published on: 2014-08-15

Median house price and sales volumes slip in Hamilton housing market Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that Hamilton’s housing market is atypical for this time of year. July’s figures were released this week by the Real Estate Institute of New Zealand (REINZ) and show Hamilton’s median house price slipped from $354,000 in June to $350,000. Only 201 homes were sold city-wide, down from 212 in June and 252 in May. New homes listed… Read more

Free wifi at 9 Hamilton branches

Published on: 2014-07-31

Ever been expecting an email or wanting to check Facebook outside your local Lodge Real Estate branch? We have some good news for you – we’ve rolled out free WiFi across our 9 branch network. So if you’re visiting Lodge to sign a commercial sale, start the search for your next rental home, purchase a lifestyle block or a place to call home you can jump onto the WiFi to check emails, catch up on headlines, use your favourite apps or even entertain the kids for a few minutes. This service will… Read more

The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.5 percent. New Zealand’s economy is expected to grow at an annual pace of 3.7 percent over 2014. Global financial conditions remain very accommodative and are reflected in low interest rates, narrow risk spreads, and low financial market volatility. Economic growth among New Zealand’s trading partners has eased slightly in the first half of 2014, but this appears to be due to temporary factors. Construction,… Read more

Leading Hamilton real estate company, Lodge Real Estate, has expanded its business portfolio with the launch of a body corporate management service. The newly established service will be led by body corporate expert Rob Owens who joined Lodge Real Estate this week. With more than 15 years’ experience in the body corporate field in both New Zealand and the United Kingdom, Rob is well placed to lead Lodge Real Estate in its new property specialty. “Body corporate management services essentially… Read more

There is currently a great deal of discussion about ‘building warrant of fitness’ for rental properties. Unsurprisingly, one of the common criteria on checklists has been the installation of smoke alarms: There is no question smoke alarms are a key warning device in reducing deaths or injury caused by fires at home. According to the NZ Fire Service, smoke alarms were either not installed, or not working, in 80% of the house fires that firefighters attended last year! The greater awareness… Read more

RBNZ raises OCR to 3.25 percent

Published on: 2014-06-12

The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.25 percent. New Zealand’s economic expansion has considerable momentum, with GDP estimated to have grown by around 4 percent in the year to June. Global financial conditions remain very accommodative and are reflected in low long-term interest rates and narrow risk spreads. Economic growth among New Zealand’s trading partners is gradually improving and global inflation remains low. Prices for New Zealand’s… Read more

Rental Warrant of Fitness

Published on: 2014-06-10

Regardless of the make-up of the newly-elected Government later this year, landlords can expect some sort of minimum standard to be applied to rental properties. Pressure is building from many groups. The World Health Organisation (WHO) has prioritised improved air quality, both inside and outside of the home. The WHO stresses that creating healthy homes through better insulation, ventilation, and heating solutions leads to a healthier population. While New Zealand boasts some of the best-quality… Read more

Opportunity Knocks

Published on: 2014-06-07

The latest release of data from Statistics New Zealand should keep residential property investors happy. Immigration is soaring, accelerating to a net-inflow of 4000 people during March. Hamilton typically experiences the effect of an immigration boom six to nine months after it is first reported: New migrants often settle in Auckland before moving to the provinces. This should have a twofold effect on residential rental property in Hamilton. Firstly, as the population increases, initial upward… Read more

Rental occupancy rates throughout autumn continued at full levels, and we expect to see no change as winter takes hold. Staff are focusing on reviewing rents for all properties under management – if increases are justified and viable they will be put into effect. The average rent increases across the portfolio have been in excess of the Consumer Price Index (CPI); these increases have been possible in all segments (with the exception of the studio market). With 240 new studios released to the… Read more

« 1 2 3 4 5 »