Articles posted in category: News

Section Acceleration
Published on: 2016-12-23

Section Acceleration

Hamilton City Council and the Government have signed a Housing Accord today as a way to increase housing supply and improve housing affordability in Hamilton. Hamilton Mayor Andrew King says we’re being proactive by entering the agreement. “Even though we have developer ready land available, I believe we need a surplus of titled sections on the market. A recent shortage in titled sections has pushed prices to unacceptably high levels. An increase in supply will positively impact on… Read more

David's View
Published on: 2016-12-15

David's View

By David Kneebone I read with interest Jamie Strange's (Labour candidate for Hamilton East) letter to the Waikato Times Editor of 12 December. Jamie pointed out the difficulty first home buyers, today, had in entering the housing marketand raising the 20% deposit required. He opined that the government had not done enough to slow housing price growth. It’s never been easy to get on to the housing ladder. I’m not sure if Mr Strange is aware that house price inflation in the… Read more

Lodge Real Estate Auction Video
Published on: 2016-10-25

Lodge Real Estate Auction Video

What to know a bit more about the Lodge Auction procedure? Let Jeremy O'Rourke take you through the process in this short video. Read more

Hamilton Real Estate Market Snapshot - October 2016
Published on: 2016-10-09

Hamilton Real Estate Market Snapshot - October 2016

The Hamilton real estate market is consolidating gains made over the past twelve months. Expect the number of sales to moderate as buyers come to terms with new price highs. Full article here on stuff.co.nz Read more

Quality rentals in short supply in Hamilton, despite investor activity
Published on: 2016-07-25

Quality rentals in short supply in Hamilton, despite investor activity

Investors requiring 40% deposit will do little to slow Hamilton's real estate market believes Lodge Real Estate managing director Jeremy O'Rourke. AlreadyHamiltonians looking to rent or buy are finding it challenging, say MrO’Rourke. “Our rental division currently manages 3403 rental properties, which is 115 more than one year ago. “One reason for the increase is more properties have come on the market due to investors building their rental portfolios in the current… Read more

Hamilton Economy Thriving
Published on: 2016-06-27

Hamilton Economy Thriving

The Hamilton City Council shares the city's growth and future prospects. Read more

Hamilton million dollar homes show unprecedented increase in sales
Published on: 2016-06-17

Hamilton million dollar homes show unprecedented increase in sales

Lodge Real Estate’s managing director, Jeremy O’Rourke, today confirmed the number of million dollar residential properties sold in Hamilton has officially hit a record high. “Latest data shows that 6 Hamilton homes above the million dollar mark were sold in May 2016, compared to 3 during the previous month (April), and 2 one year ago (May 2015),” he said. “Overall, between May 2015 and May 2016 there has been an 89% increase in the number homes above the million… Read more

Official Cash Rate Unchanged
Published on: 2016-06-09

Official Cash Rate Unchanged

The Reserve Bank today left the Official Cash Rate unchanged at 2.25 percent. Global financial market volatility has abated and the outlook for global growth appears to have stabilised after being revised down successively over recent quarters. There has been a modest recovery in commodity prices in recent months. However, the global economy remains weak despite very stimulatory monetary policy and significant downside risks remain. Domestic activity continues to be supported by strong net… Read more

Residential Property Management Law Changes
Published on: 2016-01-21

Residential Property Management Law Changes

A change to the residential tenancy law has been introduced which includes requirements on owners to include insulation and smoke alarms in properties. Over the next four years, the new law will require, where necessary, retrofitting of ceiling and underfloor insulation in rental homes. For private rental housing, the requirement applies from 1 July 2019. There will be exemptions; for example, where it is physically impractical to retrofit insulation due to limited space underfloor, or inaccessible,… Read more

Residential Investment Outlook
Published on: 2016-01-21

Residential Investment Outlook

General manager Lodge Rentals David Kneebone reflects on 2015 and casts his eyes forward to 2016. This time last year I presented a speech to the Auckland Property Investors Association (APIA), extolling the virtues of investing in the Hamilton residential property market. I touched on three key issues. First, I reflected on Hamilton’s growing demographic of young and well educated people within its population, a key cohort which was creating new employment opportunities across the… Read more

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