Monthly Landlord Newsletters

Welcome back to the Propertyscouts monthly landlord newsletter, where we update you on all things New Zealand property market, investor insights, seasonal reminders, and more.

 

Propertyscouts 2024 Conference - Growing Great Businesses

Our franchises are gearing up for a power-packed two-day conference, and we couldn’t be more excited! This conference is just one of the many programs and resources we offer to our franchisees. It’s part of Propertyscouts point of difference, giving landlords the confidence of working with property managers who are constantly upskilled and backed by a nation-wide network. 

Watch this space for a full recap of highlights in our November newsletter!

 

Healthy Homes Final Deadline Set To Come Around Quick

Although July 2025 might seem a while away, it’s worth noting that all rental properties must be compliant with Healthy Homes standards by then. For most Landlords, you’ll be all over this, with the legislation stating that properties need to be compliant within 120 days of new and renewed tenancies. But for any landlords sitting outside that criteria, or behind on their compliance obligations, now is the time to act! 

Improvements to insulation, heating, ventilation, moisture control and drainage can take time. Even if you don’t need to be compliant until the final cut off, getting on top of changes now gives you plenty of time to find the right tradespeople and avoid any unexpected curveballs as the deadline approaches. 

For more details on what’s required, visit the Tenancy Services website for a complete breakdown of the standards. 

 

The Latest Ask An Expert from Within the NZ Property Investor Magazine 

Propertyscouts is the designated Property Management Expert in the popular magazine: NZ Property Investor. Our Managing Director, Ryan Weir, recently entered a response to their recent 'Expert Advice Q&A'. View a recent entry below: 

Question: As a landlord, I’ve recently been informed by my property manager that my tenants are experiencing severe condensation issues in the home, with water dripping down the walls. They claim they’re constantly wiping down the walls and ventilating the house, but the problem persists. The property manager has suggested I supply a dehumidifier, but I don’t feel that this should be my responsibility. What should I do? Is it really necessary to provide a dehumidifier, or are there better alternatives?

Answer: Condensation can be a significant issue during winter, particularly if not addressed promptly. Before considering the purchase of a dehumidifier, it’s essential to rule out any potential leaks in the property that could be contributing to the dampness. Ask your property manager to inspect the home to confirm the extent of the condensation and ensure there are no underlying issues like leaks or tenant behaviours exacerbating the problem. 

Section 45 of the Residential Tenancies Act outlines your responsibility as a landlord to maintain the premises in a reasonable state of repair, ensuring the health and wellbeing of your tenants. Excessive dampness and condensation can lead to unhealthy living conditions, which may breach your obligations.

While a dehumidifier might provide temporary relief, it places ongoing responsibility on the tenant to manage its operation, which isn’t always reliable. A more effective, long-term solution would be to install a ventilation system, such as an HRV. These systems help regulate moisture levels efficiently and can be depreciated over time. Not only will this help in retaining your current tenants by improving their living environment, but it will also make the property more attractive to future tenants. Should you opt against a ventilation system, consider requesting your property manager to provide moisture level readings, as excessive dampness may necessitate further action.

 

October Rental Market and Investment News Roundup

And of course, no newsletter is complete without a quick recap of recent news. Here are some key updates in the New Zealand property investment landscape. 

Economic Growth Struggles Despite Population Growth

In the June quarter, GDP fell by 0.2%, bettering the reserve banks estimations of a 0.5% drop. This reflects a slightly more positive economic outlook than forecast, however households are still feeling the pinch. With a pressured economy, we can expect growing pressure on the Reserve Bank for further cuts to the Official Cash Rate. 

Changes on the Horizon - What They Mean for Property Investors

When it comes to Official Cash Rates, it’s impossible to predict exactly what changes are on the horizon. There’s been speculation of a 25 to 50 point drop in the coming months. With the economy still in recovery, we’re hopeful that changes along these lines are likely in the coming months. The spring season may be quieter than usual, but it’s proving steady given the economic context. Amidst various pressures, purchasing now could see promising longer-term capital gains as we anticipate a tip back towards an investor market in the new year. 

Consumers Feeling Slightly Better

ANZs consumer confidence guide released last month shows the overall economic outlook is looking up. As interest rates fall further, it’s likely we’ll see a further shift in market confidence, potentially boosting the housing market.

For investors, the signs point to better conditions ahead—though patience and careful planning will be key as the economy stabilises.

 

Investor HotSpot: Nelson

This month, we’re turning the spotlight on Nelson—a picturesque region known for its sunshine, beaches, and stunning national parks. But beyond its natural beauty, Nelson is also showing solid potential for property investors.

• Over the past 10 years, house values in Nelson have grown consistently by an impressive 6.40% per year, adding an average of $32,050 annually. This steady rise in value indicates great potential for capital gains.
• Currently, property prices in Nelson are lower than expected, making now an excellent time to consider investing.

With population growth on the horizon, landlords can look forward to a steady stream of quality tenants keen to enjoy everything this vibrant region has to offer.

Interested in Nelson’s investment potential? Connect with Propertyscouts Nelson for a free consultation exploring the Nelson investor market landscape. 

 

Investment Opportunity: Private Sale – 2-Bedroom Unit in Nelson

2-bedroom unit in The Wood, Nelson, just 5 minutes from the CBD. Features include a modern kitchen, updated bathroom, and a landscaped garden with a deck. Currently rented at $520 per week, offering a gross rental yield of 5.9% (based on council valuation). Private sale, priced from offers over $459,000.

For more information, contact Nick Kemplen at Propertyscouts Nelson: nelson@propertyscouts.co.nz. 

 

Quick Start Franchise Opportunities

We still have a variety of Quick Starts available - key areas to note are some amazing opportunities available in Auckland, Tauranga, Taranaki & Palmerston North. 

Enquiries are coming in fast, so make sure to chat to Ryan Weir by emailing ryan@propertyscouts.co.nz if you're interested. 

 

Quote to Ponder

"Do not let what you cannot do interfere with what you can do." - John Wooden

 

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Disclaimer

Given the opinions expressed in parts of the email, it’s important that we make it clear that the contents are opinions and observations and made in good faith.  

Propertyscouts NZ (2020) Limited, trading as Propertyscouts, and its associated parties (including directors, agents, employees, officers or otherwise) have attempted to provide   this information to the best of their ability but do not make any representations or warranties of any nature (intended or implied) as to the accuracy of the information on this communication. All recipients of this communication should conduct and rely on their own enquiries in relation to the information on this communication.

The information available on the properties listed for sale, rent or otherwise, has been obtained from the vendor or landlord of the property and the appropriate professional service providers. We do not and cannot verify or guarantee the accuracy of the information obtained in relation to the properties.

The information and/or materials available in this communication are intended to be general information only and may be changed at any time, without notice to you. The information and/or materials in this communication should not be relied on under any circumstances as a substitute for legal, financial, real estate, or other professional and/or expert advice. To the maximum extent permitted by law, Propertyscouts and its associated parties disclaim all liability, responsibility, and negligence for any direct or indirect loss or damage suffered by any person arising from the information and/or materials presented in this communication or any information and/or materials that arise from it.