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An Auckland family medical centre said its being forced to put up patient fees because of rising costs and inadequate government funding, even though it could make doctors visit more unaffordable for some patients. In a letter to patients, the All Care Medical Centre said with regret it's having to increase charges because its costs have risen 9% in the last 12 months alone while the government is only offering a 4% funding increase, Pro-Care chief executive Bindi Norwell speaks to Lisa Owen.
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Omicron has caused a rise in stress levels and an influx of patients in the health sector. Bindi Norwell, CEO of ProCare, spoke to Charlie about the company's new initiative that hopes to help aid health professionals.
On today's Monday Wire Charlie spoke with Yurko Galdun, Chairman of the Ukrainian Association of New Zealand Northern Regions, about the peaceful protest against Russia's military action that happened in Auckland. As Omicron raises staff shortage concerns in the health sector, Bindi Norwell, CEO of ProCare, discussed their ‘Mission Possible' initiative with Charlie. Green MP Chloë Swarbrick also spoke with Charlie about an open-letter to improve cultural infrastructure. Sam spoke with Marcelle Dawson, sociology professor at Otago University about the anti-mandate protests happening in Welington. As many students went back to university today, once again online, Sam spoke with two post graduate students about wanting a partial refund on fees.
A staunch claim home isolation isn't broken.The Ministry of Health is reviewing the model after a second person died of Covid-19 while isolating at home.The person discharged themselves from hospital on Wednesday and was found dead at their address this morning.Two days ago another person was found dead at their South Auckland apartment.ProCare Chief Executive Bindi Norwell told Heather du Plessis-Allan says the system is hedged with safeguards.She says health workers are doing all they can to ensure the system is working well.LISTEN ABOVE
The country's largest Primary Health Organisation ProCare says GPs can help fast-track the Covid-19 vaccine roll out.National has criticised the rollout as being too slow - saying we're second last in the OECD.Just over 90 thousand doses have been administered.ProCare chief Bindi Norwell told Kate Hawkesby they're here to help."We've got a large network of GPs who are willing to support the rollout, and if we leverage their capability we can do it much more quickly."Norwell said that the Government should look to an integrated model."We can have large vaccine centres but actually, leverage the GP network to it's best ability, this is what they do every day and they're willing to help where they can."LISTEN ABOVE
House prices have set new records and February was the busiest in 14 years, with 7964 properties sold as investors rushed to beat the new Reserve Bank lending restrictions.Bindi Norwell, Real Estate Institute chief executive, said the market was setting "an unrelenting pace" because in February last year, just 6951 properties were sold.Median prices nationally rose 22.8 per cent from $635,000 last February to $780,000 last month, setting a new national high, Auckland is at another all-time high and 12 out of 16 regions and 37 districts also set new records."The unrelenting pace of property sales continued in February, with a 14.6 per cent uplift on sales volumes compared to the same time last year - the highest number of properties sold for the month of February in 14 years," Norwell said.Some of this uplift could be attributed to investors buying before loan to value restrictions reintroduced this month, she said.The Reserve Bank has warned that the overheated housing market is at growing risk of a correction and it will re-introduce loan-to-value ratio (LVR) rules at the tougher end of expectations. The rules mean most investors will be required to have a 30 per cent deposit this month but that will rise to 40 per cent from May. Most other owner-occupier buyers will require a 20 per cent deposit.LVR restrictions were axed last April so they didn't interfere with Covid-19 policy responses to promote cash flow and confidence in the face of the pandemic hitting.Norwell said West Coast sales volumes were the highest in nearly 17 years, with a 58 per cent increase on the same time last year. The area's affordability and lifestyle reasons are being cited by agents there.Excluding Auckland, prices increased by 19.1 per cent from $550,000 in February last year to $655,000 last month, REINZ said.Auckland's median rose 24.3 per cent from $885,000 to $1,100,000, also a new record.The REINZ House Price Index, which measures the changing value of property in the market, increased 21.5 per cent annually to 3657 a new high.This is the first time the index has exceeded the 3500 mark and was the highest annual percentage increase in the HPI in 201 months since May 2004, showing just how strong the market was in February, REINZ said today.Auckland values increased by 20.7 per cent to 3662.Additionally, every region reached a new high on the index.Owen Vaughan, editor of NZME-owned property listing portal OneRoof.co.nz, said: "The REINZ figures further support the trends we've noticed in the market since the start of the year. New listings on OneRoof for February were up 25 per cent on a strong January, and action in the auction rooms shows properties are selling well above their rating valuation and many cases well above the reserve. They are also selling quickly, with auctions in February frequently brought forward, on the back of some big offers."OneRoof's recent Property Report showed the extent of the heat in the market, with more than 50 suburbs across the country enjoying value lifts of more than $300,000 in the last 12 months. And while talk has increased about a slowdown in the market - and there are clear signs that we have passed peak growth - buyers and sellers shouldn't expect price drops in the months ahead, just a less crazy market," Vaughan said.Earlier this month, Auckland's largest agency's sales volumes hit a 17-year record and more than half the places it sold last month were for $1 million or more.Peter Thompson, Barfoot & Thompson managing director, said on March 3: "In February we sold 1124 properties and you have to go back 17 years to find a February when we sold more homes."As well, 56 per cent of the homes sold in the month went for $1m or more, whereas last year, that category was only 40 per cent of monthly sales, he said.The agency listed 1941 new properties last month but the rising supply did nothing to satisfy Auckland buyer demand or dampen price increases.The average and media...
As New Zealand homeownership rates fall to the lowest level since 1951, November this year saw the most houses sold since March 2007.Auckland's median house price jumped $145,000 annually and national prices rose $117,000 or 18.5 per cent in the last year.November data from Real Estate Institute also showed a 13-year record number of sales for last month and the national median price jumping $117,000 in the last year, from $632,000 to $749,000.Auckland house prices jumped $145,000 from $885,000 last November to $1,030,000 which REINZ said was a new record high."Median house prices across New Zealand increased by 18.5 per cent from $632,000 in November 2019 to a new record median high of $749,000 in November 2020," REINZ said today.Statistics New Zealand this week released a grim new report, Housing in Aotearoa: 2020, drawing on information from the 2018 Census and other surveys, providing a detailed analysis of changing ownership and tenure trends, and the state of New Zealand's housing stock.Half the homes sold in November by Auckland's biggest agency Barfoot & Thompson went for more than $1 million.Bindi Norwell, REINZ chief executive, fretted about the situation."Since October 2011, we've seen successive annual increases in median house prices - 110 months in a row - and the last five months have been double-digit increases. This just isn't sustainable and with data out earlier this week showing that home ownership is at its lowest level in 70 years, the gap between those that own and those that rent is just going to keep growing unless we can do something to start addressing the supply issue the country has," she said.Owen Vaughan, editor of NZME-owned property listing site OneRoof, said: "The speed at which the market has moved in the last quarter is simply astonishing."Campaigns have become shorter and the number of pre-auctions offers has increased. Suburb sale price records that would have, just a year ago, sat unchallenged for months on end are tumbling within the space of a week. Low interest rates and FOMO factor is putting real pressure on prices," Vaughan said.Norwell expects the Government to announce plans to reform the Resource Management Act to help get more homes built."Unless we can build at scale and in an affordable manner, unaffordability is going to be something that remains a significant issue for Kiwis looking to get into the property market," said."November was an incredible month in terms of the number of properties sold, with just shy of 10,000 properties sold over 30 days. The last time we saw a similar level of sales volumes was back in March 2007 – 164 months ago – before the national recession and Global Financial Crisis started impacting New Zealand's property market," she said.November saw 10 out of 16 of the regions with double-digit percentage increases in annual sales volumes.People wanted to buy before Christmas but Norwell said the record month was also partly due to the Reserve Bank saying in early November that it would undertake consultation in December to re-introduce LVRs earlier than planned.The total number of properties available for sale nationally decreased by 16.9 per cent in November to 18,319 down from 22,049 properties last November.The Bay of Plenty, Hawke's Bay, Manawatu/Wanganui, Marlborough, Nelson, Northland, Waikato and West Coast had their lowest inventory levels since REINZ records started around the early 1960s.The median number of days to sell nationally fell from 33 to 29 days, the lowest in 164 months since March 2007.Eleven regions had a median number of days to sell of less than 30 days.The REINZ House Price Index for New Zealand, measuring the changing value of property in the market, increased 15.3 per cent year-on-year to 3343 a new high on the index and the first time the index for the country has gone over the 3300 level.Excluding Auckland, the index showed house price values increased 14.5 per cent from November 2019 to 33...
While Aucklanders prefer housing auctions, in the Capital it's the opposite and most people go for tenders.
For the first time, Auckland's median house price has hit $ 1 million. The Real Estate Institute data for October, just realeased, shows the median house price in our biggest city has jumped by more the 16 per cent in the last year, and nearly five percent since September. Outside of Auckland, the country's median house price rose 15 per cent to $600 thousand from $ 520 thousand in October last year. The new data comes as the Reserve Bank announces a new lending programme offering banks interest rates of almost zero, with the aim of stimulating the economy. It has also hinted it may reintroduce loan-to-value ratio restrictions on high-risk lending from March next year. Philippa discusses with Bindi Norwell, Chief Executive of the Real Estate Institute and economist Tony Alexander.
For the first time, Auckland's median house price has hit $ 1 million. The Real Estate Institute data for October, just realeased, shows the median house price in our biggest city has jumped by more the 16 per cent in the last year, and nearly five percent since September. Outside of Auckland, the country's median house price rose 15 per cent to $600 thousand from $ 520 thousand in October last year. The new data comes as the Reserve Bank announces a new lending programme offering banks interest rates of almost zero, with the aim of stimulating the economy. It has also hinted it may reintroduce loan-to-value ratio restrictions on high-risk lending from March next year. Philippa discusses with Bindi Norwell, Chief Executive of the Real Estate Institute and economist Tony Alexander.
FOMO - or the fear of missing out - is playing its part in a relentless surge in the country's house prices, according to the Real Estate Institute of New Zealand. Chief executive Bindi Norwell has previously been reluctant to attribute psychological reasons for the skyrocketing prices but is now convinced it is a factor. The institute's monthly figures for September show 8377 properties were sold nationwide - a year-on-year increase of 37 percent. The national median house price for September rose sharply to a record $685,000 dollars. Norwell speaks to Corin Dann.
Get your maps out as we explore the perfect first home location with Bindi Norwell from the Real Estate Institute of NZ. A first-time buyer explains why he abandoned Auckland for the South Island, and Homes.co.nz's Tom Lintern explains why the quarter acre dream is a thing of the past.
Get your maps out as we explore the perfect first home location with Bindi Norwell from the Real Estate Institute of NZ. A first-time buyer explains why he abandoned Auckland for the South Island, and Homes.co.nz's Tom Lintern explains why the quarter acre dream is a thing of the past.
Landlords should wait to see if National wins October's election before spending money refitting their rentals up to new heating standards, a lobby group for property owners says.The comments by the NZ Property Investors Federation have been labelled "deeply disappointing" by the Labour Party and questioned by the Real Estate Institute and the NZ Green Building Council.The advice comes after National under new leader Judith Collins confirmed to the Herald it would tear up new Healthy Homes standards recently brought in by the Labour-led Government.The standards require - from July 1, 2021 - that all rentals be fitted with insulation, heating and ventilation within 90 days of an existing tenant renewing their lease or a new tenant moving in.Some rental owners had been preparing for next year's deadline by making the upgrades now.But Andrew King, from the NZ Property Investors Federation, said National's election promise could give landlords reason to pause and sniff the wind.Rather than be forced to install modern heat pumps, a National election win would allow landlords to instead give tenants a choice, he claimed.Enjoy the benefits of a modern heat pump - which can cost up to $3000 - and be willing to pay for it in the form of higher rent, or forego it and pay cheaper rent."It probably is a good idea to hold off," he said.The National Party has promised to scrap nearly all new measures the Labour-led Government brought in to support renters. However, they would keep recent insulation standards. (Photo / File)King said he would personally install a heat pump straight away if his tenant wanted it and was willing to pay a higher rent because the tenant was the customer and needed pleasing.But landlords didn't like to be told they had to do it because in some cases the tenant might not want new heat pumps, he said.Labour's Associate Housing Minister Kris Faafoi took aim at King's comments."I would find it deeply disappointing if landlords were being given advice to hold off work that ensures they are providing safe, dry, healthy accommodation for fellow New Zealanders on the basis that a more malleable government might get into power and scrap basic standards that would see New Zealand's poor track record on healthy housing vastly improved," he said.Real Estate Institute chief executive Bindi Norwell said ultimately landlords would make their own decisions about when to upgrade their rentals to meet the new Healthy Homes standards.However, the institute's advice was to begin preparing now because waiting could mean landlords run into a shortage of workmen next year and miss the Healthy Homes deadline, leading to the risk of being fined.Andrew Eagles, chief executive of non-profit NZ Green Building Council, also likened King's argument about tenants not wanting to pay for modern heating as equivalent to airbags in cars.Some buyers might indeed choose cars without airbags if it meant they were sold at a cheaper price, he said.However, airbags were mandatory because of the risk to public safety and flow-on cost to health systems that came from car accidents.And, yet, even with the addition of modern safety features, cars were still affordable to most Kiwis, Eagles said.Similarly, New Zealand's rental housing stock was among the worst in the developed world, bringing potential lifelong suffering to young children and families and large health costs, he said.More than one-third of renters in Government surveys had reported they were living with dangerous mould in their homes, he said.An independent poll commissioned by the building council also found 52 per cent of Kiwis would vote for a party that was willing to tackle the issue of poor housing urgently, he said.The stoush continues a growing political emphasis on rental housing issues. Labour portrays itself as standing for renters' rights and National claims it is the defender of landlords.Housing affordability was a key issue in the 2017 elec...
Bindi Norwell, Chief Executive at REINZ joins The One Roof Radio Show on The Weekend Collective. Listen to the audio above.What do high crime rate area, bad neighbours and a smelly home have in common?They are the most common property pitfalls for New Zealander house buyers.Over 2190 New Zealanders were surveyed by independently-owned mortgage comparison site, Finder, about key features that are turn offs when they are buying a property.The top turn-offs was asbestos in a property: 55 per cent of buyers would not be okay with that. An above-average neighbourhood crime rate would send nearly half of buyers (49 per cent) away.About one in three Kiwis would reject a home with bad neighbours - and that includes if the home was close to a noisy pub or bar, the survey found.But the number four problem that turns off nearly two in five buyers is easier to fix: bad smells from pets, cigarettes or dampness.Finder's New Zealand publisher, Kevin McHugh, says such pitfalls can shave thousands of dollars in value off the price of a home.He says when planning on selling your property, take a step back and think of it from the buyers' perspective.“Things like bad smells, asbestos or a lack of natural lighting are unattractive to potential buyers, but these can usually be rectified before going to market,” McHugh says.“It's often the case of a little bit of pain for long-term gain – forking out to fix the issue beforehand can significantly increase the value of your home,” he adds.A lack of parking (33 per cent), being close to a highway or main road (23 per cent) and being located in an industrial area (21 per cent) are also some of the top property turn offs for New Zealanders.McHugh says that there are opportunities to be had for prospective buyers, provided they're realistic about fixing some issues.“Common issues like living on a main road or near a noisy venue can reduce the price of a property. But if you're prepared to think outside the square, you may be able to nab a bargain."For instance, installing high fencing can help to soundproof homes on a main road, and a rented garage can supplement a lack of parking."He adds it is worth seeking finance pre-approval for a property before you begin searching, so when the perfect house does spring up, you'll be ready to act right away.Bindi Norwell, Chief Executive at REINZ says: “What attracts an individual or a family to a property can be quite subjective depending on a number of factors such as age, stage, religion or price bracket. For example, some people would have issues living near to a cemetery for religious reasons and for others it's not even an issue.“Issues that can potentially impact health and safety such as asbestos are high on people's list, but we were surprised that plaster/leaky buildings didn't make the list as for some people, particularly in the Auckland and Wellington markets this can in some instances be an issue.“We were surprised that being close to a major road or highway was so high on the list – as for many people, particularly in bigger cities, being close to motorways is seen as an advantage in order to cut down on commute times. And more and more we're hearing that for those who have chosen to move further afield post-lockdown, having a rural property close to a major road or a motorway can be an absolute must.“However, there are some things that can't be fixed such as being located in an industrial area or being on a flight path, and in that case it might be addressing things such as double glazing to reduce noise pollution that could make the difference between your home and the property next door,” she said.Norwell added that vendors should work with a licenced real estate agent who will be able to provide feedback on both positives and some things that may need work on the house, such as replacing the carpet due to smells.By OneRoof
Bindi Norwell, Chief Executive at REINZ joins The One Roof Radio Show on The Weekend Collective. Listen to the audio above.What do high crime rate area, bad neighbours and a smelly home have in common?They are the most common property pitfalls for New Zealander house buyers.Over 2190 New Zealanders were surveyed by independently-owned mortgage comparison site, Finder, about key features that are turn offs when they are buying a property.The top turn-offs was asbestos in a property: 55 per cent of buyers would not be okay with that. An above-average neighbourhood crime rate would send nearly half of buyers (49 per cent) away.About one in three Kiwis would reject a home with bad neighbours - and that includes if the home was close to a noisy pub or bar, the survey found.But the number four problem that turns off nearly two in five buyers is easier to fix: bad smells from pets, cigarettes or dampness.Finder's New Zealand publisher, Kevin McHugh, says such pitfalls can shave thousands of dollars in value off the price of a home.He says when planning on selling your property, take a step back and think of it from the buyers' perspective.“Things like bad smells, asbestos or a lack of natural lighting are unattractive to potential buyers, but these can usually be rectified before going to market,” McHugh says.“It's often the case of a little bit of pain for long-term gain – forking out to fix the issue beforehand can significantly increase the value of your home,” he adds.A lack of parking (33 per cent), being close to a highway or main road (23 per cent) and being located in an industrial area (21 per cent) are also some of the top property turn offs for New Zealanders.McHugh says that there are opportunities to be had for prospective buyers, provided they're realistic about fixing some issues.“Common issues like living on a main road or near a noisy venue can reduce the price of a property. But if you're prepared to think outside the square, you may be able to nab a bargain."For instance, installing high fencing can help to soundproof homes on a main road, and a rented garage can supplement a lack of parking."He adds it is worth seeking finance pre-approval for a property before you begin searching, so when the perfect house does spring up, you'll be ready to act right away.Bindi Norwell, Chief Executive at REINZ says: “What attracts an individual or a family to a property can be quite subjective depending on a number of factors such as age, stage, religion or price bracket. For example, some people would have issues living near to a cemetery for religious reasons and for others it's not even an issue.“Issues that can potentially impact health and safety such as asbestos are high on people's list, but we were surprised that plaster/leaky buildings didn't make the list as for some people, particularly in the Auckland and Wellington markets this can in some instances be an issue.“We were surprised that being close to a major road or highway was so high on the list – as for many people, particularly in bigger cities, being close to motorways is seen as an advantage in order to cut down on commute times. And more and more we're hearing that for those who have chosen to move further afield post-lockdown, having a rural property close to a major road or a motorway can be an absolute must.“However, there are some things that can't be fixed such as being located in an industrial area or being on a flight path, and in that case it might be addressing things such as double glazing to reduce noise pollution that could make the difference between your home and the property next door,” she said.Norwell added that vendors should work with a licenced real estate agent who will be able to provide feedback on both positives and some things that may need work on the house, such as replacing the carpet due to smells.By OneRoof
Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's the latest data and what could happen next for the housing market. Hosted by Frances Cook.Property is traditionally a favourite investment for many New Zealanders. Whether it’s their own home, or expanding to include a rental, it’s how many people plan to boost their wealth. That’s why so many were worried by the expected impacts of Covid-19. Property prices are often strongly linked to unemployment, and with unemployment expected to rise, many economists were predicting property prices could fall by between 10 to 15 per cent. So as we start to see how Covid pans out in reality, are those predictions coming true? The latest Real Estate Institute confidence report for June gives us the first indications.For the latest Cooking the Books podcast I talked to Bindi Norwell from REINZWe discussed what the latest property figures show us, what that means for buyers and sellers, and what could happen next. If you have a question you'd like answered in a future podcast, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's the latest data and what could happen next for the housing market. Hosted by Frances Cook.Property is traditionally a favourite investment for many New Zealanders. Whether it’s their own home, or expanding to include a rental, it’s how many people plan to boost their wealth. That’s why so many were worried by the expected impacts of Covid-19. Property prices are often strongly linked to unemployment, and with unemployment expected to rise, many economists were predicting property prices could fall by between 10 to 15 per cent. So as we start to see how Covid pans out in reality, are those predictions coming true? The latest Real Estate Institute confidence report for June gives us the first indications.For the latest Cooking the Books podcast I talked to Bindi Norwell from REINZWe discussed what the latest property figures show us, what that means for buyers and sellers, and what could happen next. If you have a question you'd like answered in a future podcast, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
In Episode 23, Nick catches up with Bindi Norwell, CEO at the Real Estate Institute of NZ.In a wide ranging interview Bindi speaks about the role the Institute played throughout each of the lockdown levels, advocating for its members with the Government.Bindi also talks about the way the industry has changed and the role of technology, data and the banking industry. Despite everything going on though, Bindi stresses that the industry is one based upon relationships and is set to thrive once again in Level One.Check out all CoreLogic Research insights at https://www.corelogic.co.nz/research-news, and get in touch on twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
The largest mortgage broking business in the country says banks are asking borrowers tougher questions, requiring much more detailed information and in some cases, refusing loans because borrowers' jobs or incomes are uncertain. Loanmarket has 140 mortgage broking franchises around the country and last year wrote $18 billion in mortgages. Kathryn talks with Director Bruce Patten and Chief Executive of the Real Estate Institute, Bindi Norwell.
Bindi Norwell and Joanne Rae of REINZ agreed to join us for glass and a chat in the midst of the COVID-19 pandemic and just as the industry gets prepared for the drop from level 4 to level 3. Bindi is the CEO of REINZ and has had a monumental task over the last few weeks as she and her team have guided the industry through probably it's the greatest challenge in over 100 years of the Institute's history. Joanne heads Property Management for REINZ and provides support for the many Property Managers across the country
The Reserve Bank is looking at removing the limits on home loans to low-deposit borrowers to help counter the economic downturn. Deputy governor Geoff Bascand says loan-to-value ratios were designed to cool a surging housing market, but that has changed. The Property Investors Federation says removing LVRs would be good news for both first-home buyers, and investors, but some property market analysts doubt much will change. Bindi Norwell is the chief executive of the Real Estate Institute.
What happens if real estate is de-classified as an essential service? Right now, transactions can still proceed in Australia and while they are tipped to drop in numbers you only have to look at New Zealand to see how bad it could be if transactions stop. It has happened there and we talk to the Institute’s CEO in New Zealand – Bindi Norwell - to get the lowdown.
Unlike Australia, New Zealand does not consider real estate transactions to be an essential service. Is that going too far? What are the likely ramifications? The answers to those questions are throwing up some alarming results. Bindi Norwell talk about when real estate stops.
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's the newest episode of our OneRoof-partnered series, looking at how you can use location differently to get the house that works with your lifestyle. Hosted by Frances Cook.A house is a weird blend of a massive financial decision, and a massive lifestyle decision. So no wonder people get stressed when they're trying to find the right place for them. There are all sorts of things to weigh up to know if this is the right house for you and your circumstances. Do you want kids? Do you want to be close to your work, or do you want more space? Do you dream of planting a vege garden, or can you think of nothing worse than spending the weekend mowing lawns? If you weigh this up in the right way, the right house can both set you up financially, and increase your happiness in your day-to-day life. If it goes wrong, it can get ugly fast. For the latest Cooking the Books podcast, I talked to Bindi Norwell from REINZ and Ashley Church from OneRoof. We discussed the house lifestyle factors everyone should take into consideration, how small is too small, and whether you should consider buying in a less expensive city. If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCookIf you missed the previous episodes from our house-buying special, scroll back through the episodes. While the special is running, we're answering one property question every other week.
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's the newest episode of our OneRoof-partnered series, looking at how you can use location differently to get the house that works with your lifestyle. Hosted by Frances Cook.A house is a weird blend of a massive financial decision, and a massive lifestyle decision. So no wonder people get stressed when they're trying to find the right place for them. There are all sorts of things to weigh up to know if this is the right house for you and your circumstances. Do you want kids? Do you want to be close to your work, or do you want more space? Do you dream of planting a vege garden, or can you think of nothing worse than spending the weekend mowing lawns? If you weigh this up in the right way, the right house can both set you up financially, and increase your happiness in your day-to-day life. If it goes wrong, it can get ugly fast. For the latest Cooking the Books podcast, I talked to Bindi Norwell from REINZ and Ashley Church from OneRoof. We discussed the house lifestyle factors everyone should take into consideration, how small is too small, and whether you should consider buying in a less expensive city. If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCookIf you missed the previous episodes from our house-buying special, scroll back through the episodes. While the special is running, we're answering one property question every other week.
There'll be little to no reprieve for landlords yet to get their rental properties up to scratch.Changes come into force today which require floor and ceiling insulation where possible in all rentals.Landlords who haven’t complied with the new insulation standards could face fines of up to four thousand dollars. Real Estate Institute of New Zealand chief executive Bindi Norwell tld Kate Hawkesby they've had plenty of notice so there's no excuses."They really are taking things quite seriously, and because they've had so long, they won't be giving any wriggle room."She says that the fact some landlords have reported having issues with sourcing insulation."There has been some talk of people scrambling and companies have run out of insulation and there's not enough companies to keep up with installing as well, but they have had three years."
Real Estate Institute data out today revealed a whopping 12.9% drop in sales volumes in the last month. It's significant not only because of the figure, but because at this time of year, sales volumes are normally very strong. In fact, typically the number of sales usually sit well over the 7000 mark - but 6938 sales was the lowest number of properties sold for the month of March since 2011. The median number of days to sell a property increased by two days from 34 to 36 last month compared to March last year.In Auckland, it took five days longer to sell last month.REINZ is putting these figures down to banks, the Government and the prospect of a capital gains tax causing uncertainty. Chief executive Bindi Norwell says mortgage interest rates have never been cheaper, but the legislative changes on the horizon, and the difficulty accessing finance are now starting to impact the housing market, in terms of sales volumes. Also today, a report confirms Chorus failed to prevent migrant worker exploitation by subcontractors, and the gruelling journey that lies ahead for one of the youngest survivors of the Al Noor mosque shooting. Hosted by Juliette SivertsenTwitter: @j_sivertsenSee omnystudio.com/listener for privacy information.