Te Aro Towers
March 23rd, 2011
The latest rental evaluation is online now
http://www.propertyman.co.nz/te-aro-towers.php
Shayne Thurston
Lambton Property Management
Te Aro Towers update
March 18th, 2011
An updated rental evaluation for Te Aro Towers has now been uploaded.
You can view this here http://www.propertyman.co.nz/te-aro-towers.php
Shayne Thurston
Lambton Property Management
Confusion, oh confusion
March 13th, 2011
So I was reading the NZ Herald website today and came across the following two articles.
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10711476
Now, we have all read the reports of rent increases in Christchurch at the moment, but then I read today about how this was not the case - in fact to quote “It is malicious to make these claims in order to influence Government in an attempt to have rent controls imposed,” said Evans.” I find it annoying that reporters jump on something and run with it, without doing much apparent research into the validity and factual base of the story. Then without a second thought about what they have already written, the ‘paper’ they work for runs a story that essentially says “Our reporters were idiots and reported some malicious stuff to make some people happy and sell some papers”.
The confusion is a bit frustrating. Isn’t it their job to research stories and report what is factual and true?
Shayne Thurston
Lambton Property Management
Wednesday 16th March - Come Along
March 9th, 2011
Wednesday 16th of March - note it in your diary. Steve Goodey will be talking about what he does best, Property. I went to a talk Steve did last week and it was entertaining and informative. The crowd got into it and the questions came hard and fast. Steve answered them all with good consise answers and a touch of humour 
It was a good informative night.
I enjoyed myself, learnt some things and met some good people. I recommend popping along on the 16th - I will see you there.
You can book your seat here.
Shayne Thurston
Lambton Property Management
Rent Shock for Auckland predicted
March 9th, 2011
This article in the NZ Herald today just outlines the continuing situation in Auckland with the lack of available properties for rent. The situation is not just going to stay in Auckland though, we are going to end up with a similar situation in Wellington.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10711046
Shayne Thurston
Lambton Property Management
Building Consents - Good news for property investors
March 7th, 2011
So building consents are at an all time low. This January was down on last January’s numbers. And this is only going to get worse.
What does this mean? Less homes getting built. Which leads to less accommodation available. Which leads to increased demand for properties. Which leads to higher rents and having your pick of tenants. This for property investors is a good thing.
I fondly remember five years ago when in summer you put an ad in the paper (yes in the paper.. it’s that thing made of newsprint with all that black ink across it) and you had 30-40 people turn up for a viewing and it was rented that day. Since then there was a lot of building and when the recession hit a lot of accidental landlords. I simply can’t wait till everything is back in the landlords favour again - and its not far off
http://www.stuff.co.nz/business/industries/4739803/Building-consents-hit-eight-year-low
Shayne Thurston
Lambton Property Management
Always look first
March 7th, 2011
Always look at a property you are about to rent. Never rnet it sight unseen. Apart from setting yourself to rent a place that you don’t acually like, you leave yourself open to potentially being scammed and handing over your money for a place that doenst exist.
http://nz.news.yahoo.com/a/-/top-stories/8961641/scammers-cash-in-on-rental-shortage/
Shayne Thurston
Lambton Property Management
A Nice Day
March 5th, 2011
Tonight’s blog has nothing to do with property. I simply had a good day today. We went to Martinborough Fair and spent many many hours wandering around the stalls, looking at many interesting items (and buying some) and drinking much coffee. I was really impressed with the sheer number and variety of stalls and items. It was a nice day.
Shayne Thurston
Lambton Property Management
When is a rent increase not ethical?
March 5th, 2011
http://www.stuff.co.nz/national/christchurch-earthquake/4734813/Tenants-Freeze-rent-for-6-months
The article above talks about rent increases way above the norm in Christchurch. The eartquake was less than two weeks ago, tens of thousands of people are displaced or leaving the city and the landlord in the article has increases his rent by $170 per week.
We all understand the law of supply and demand, but there has to be a time when ethics come into the equation. The dead have not all been recovered yet, a large portion of Christchurch businesses are unsure as to their future and people are still in shock.
Is now the time to be grabbing more money, or is it the time to be doing your bestt to assist? Now, property investment is a business, not a charity, but surely every business has moral obligations as well?
Shayne Thurston
Lambton Property Management
Tennats have to pay - Article
March 1st, 2011
Hi All
Below is a very interesting article on what tenants have to do due to the earthquake. Well worth a read.
http://www.stuff.co.nz/business/money/4711768/Tenants-still-have-to-pay-service
Shayne Thurston
Lambton Property Management
