Property Market Report

Some economists expect the housing market to remain flattish in the first half of this year then pick up in the second half.

Expectation of price growth is tempered by mortgage interest costs, living costs and loan value restrictions.

High mortgage rates and stretched affordability are restraining demand, essentially nullifying the demographic and policy tailwinds blowing in the market’s favour.

Against this backdrop, the market is struggling to absorb a flood of new listings. Unsold inventory is at a seven-year high.

There is much conjecture about new home supply, immigration demand and the return of investors to the market that will certainly add sugar to the latte conversations.

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Leap into autumn

As the vibrant colours of autumn emerge, signaling the transition from the warmth of summer to the chill of winter, it’s essential for landlords to embrace proactive home maintenance for their rental properties. Autumn offers a prime opportunity to undertake necessary upkeep tasks that fortify properties against the challenges posed by the impending winter months. At The Rent Shop Hobsonville, we recognise the significance of seasonal maintenance and are dedicated to facilitating a smooth transition for property owners. While the prospect of home maintenance may seem overwhelming, our experienced team is here to provide guidance and support every step of the way.

Gutter Cleaning: While the sight of autumn leaves falling may be picturesque, it can present a practical challenge when it comes to gutter maintenance. Leaves and debris can accumulate, leading to clogged gutters and potential water damage. Our extensive network of professional tradespeople specialises in gutter cleaning, ensuring that your property’s drainage system remains unimpeded, safeguarding against water-related issues.

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Probate – what is it and why is it needed?

A loved one passing away is a difficult and stressful time, and often the process that follows can be overwhelming and confusing.  If that person had a Will and has assets worth over $15,000.00, then you will need to apply to the High Court for probate.  Probate means “to prove”, and essentially is the process of proving the Will before the Court.  Probate is required before the assets of the estate can be called in.

The Executor/s named in the Will are the parties who need to apply for probate.  A Solicitor can prepare the required documents which include an application, an affidavit by the Executor/s and the probate itself.  There are very specific requirements for these documents, and the original Will and certified copy of the death certificate are required to prepare them.  The Executors will need to swear or affirm the affidavit with the Solicitor before they can be sent to the Court. 

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Five must do’s, before you list your home for sale

Investing in certain key areas around your home before selling it can help increase its appeal to potential buyers and potentially fetch a higher selling price. Here are the five most important things to consider:

1. Curb Appeal: The first impression matters. Enhance your home’s curb appeal by investing in landscaping, exterior painting, and repairs. A well-maintained exterior can attract more buyers and create a positive initial impression.
2. Interior Updates: Focus on interior upgrades that can add value. Consider fresh paint in neutral colors, modernising fixtures and hardware, repairing any visible damage, and updating outdated appliances. Kitchens and bathrooms are often considered the most critical areas to renovate.

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