Highlights from our Property Owners' Newsletter

In February, the Parliament reviewed submissions on the Residential Property Manager's Bill, which aims to enhance residential property management services through stricter regulations. Key provisions include establishing minimum entry requirements, enforcing professional standards, and setting up a complaints and disciplinary process for property managers. The bill seeks to ensure accountability and foster professionalism in a sector critical to nearly one-third of New Zealand households that rent, half of which are managed by professionals. Comprendé actively supports this legislation, advocating for higher standards and responsibility within the industry. You can read the full press release here.

Tony’s Property Investors Insights report highlights a notable shift among long-term investors, with an increasing number planning to sell properties earlier than their initial ten-year holding period. Additionally, despite prevailing cost pressures and a healthy tenant demand, the forecasted rent increases have moderated. View Tony’s newsletter here for full results.

by Angelique Mitchell
The Wellington property market is favouring buyers with a 30% rise in listings, leading to eased price growth and greater negotiation leverage. This buyers' market is seeing properties linger longer due to an influx of options and job market uncertainties. However, well-presented and accurately priced homes sell swiftly. Sellers should prioritise legal and financial readiness, comprehensive disclosures, and strategic marketing to navigate the oversupply and achieve success. Be assured that the team at Comprendé are happy to help and ready to guide you through selling your home or investment property. As always, we focus on delivering results, unparalleled dedication and a seamless experience. Reach out to your property manager or myself at any time for an honest chat about your property. Everything starts with a conversation and if you’re up for a coffee, it’s on us.