Kiwi Income Property Trust Announces $43.36 Million Profit - And Launches Rights Issue For Expansion Of Northlands

Auckland accountant and tax specialist Nigel Smith of NSA says he agrees broadly with de Roos' theories, but disagrees with some details.

Can I include income from flatmates in my income statement to get a mortgage?

Commercial property is performing well enough that property syndication is making a come-back after several years of troubled times, AMP Henderson property manager Anthony Beverley says.

The petitions call on the Government to enable the Department of Work and Income to deduct rent from beneficiaries so that they do not get behind in payments to landlords, and instruct the Department to provide required information on beneficiaries to an officer of the Court.

Tenants and landlords are missing out on about $1.6 million in unclaimed tenancy bonds that are sitting in a Housing Ministry trust fund.

St Laurence Group has been called upon to rescue two struggling property bonds in Auckland.

The government has just announced an extra $187 million of taxpayers' money is going to be invested into state housing. The question that springs to mind is why on earth should a government in the year 2002 be putting scarce tax resources into building houses? If more houses are needed, and I don't believe they are, why not use the capital of the private sector instead ?

The latest Reserve Bank figures suggest the three increases in official interest rates so far this year have done little to dampen our appetite for mortgage debt.

Good news for landlords and bad news for tenants - the cost of renting has gone up - from central Auckland to Southland.

Ever since the Reserve Bank last raised interest rates back on 15 May, the five major home lenders have been playing a game of possum.

Housing consents rose again in April, with Statistics New Zealand saying the trend in the number has risen 30% since November 2000.

The latest house sales figures from the Real Estate Institute suggest the still very strong housing market is stabilising after dramatic growth since late last year.

The majority of lending institutions eased long term fixed mortgage interest rates, in the month ending May 10, but floating and short term fixed interest rates continue to rise.

A decision in the US this morning may have an impact on how much you pay for your mortgage.

There are a number of selling options available to you when you decide to sell your property, including auction,exclusive Listing, multi/general listing, tender and private sale.