Different types of tenancies
How can I own a property with another person? Different types of tenancies When buying a property in your personal name with someone else there are two different ways to own it – ‘Joint Tenants’ or ‘Tenants in Common’. So, what do these terms mean, and what’s the...
Kiwi Saver Home Start Grant
If you have been contributing to Kiwisaver for over 3 years you may be entitled to a HomeStart Grant administered by Housing New Zealand. Grant values vary according to whether you’re purchasing an existing home (maximum $5,000 per eligible member, capped at max $10,000 per dwelling) or building or purchasing a new home (maximum $10,000 per eligible member, capped at $20,000 per dwelling). If you are looking at a recently built home it must have a CCC of 6 months or less.
Have you bought a home you now wish to sell within 5 years?
Then you should read on as the Brightline Rules may affect you. We have been told by our local lawyers Convex Law that people are falling foul of the Brightline Rules and being caught unaware. Be careful to check dates to avoid an unexpected tax bill. The date runs...
Understanding New Legislation and Laws Regarding AML
What and Why? AML stands for Anti Money Laundering, and as from 1 January 2019 all real estate agents are required to verify the identity of our clients. This only refers to vendors and not for those purchasing property. Why has this new legislation come into play?...
What is happening with house prices in Wellington!
I believe Wellington house prices haven’t slowed at all and I am still seeing prices on the rise in the Johnsonville to Pukerua Bay region. We have also had some record results in the suburbs lately and the majority of our offers are producing multiple interest. We...
