Welcome to the December 2019 edition of the APM Client E-Newsletter.
A Word From Howard – Our Year in 2019
2019 has been a great year for Auckland Property Management and I am proud of all that my team has achieved. We have had our share of highs and lows but we have kept calm under the pressures of new regulations and the slow real estate market that the industry has put us under, and triumphed.
- We have welcomed new clients across all divisions of Residential, Body Corporate, Commercial and Waiheke Escapes.
- We have welcomed numerous team members and also farewelled a few throughout the year.
- We have been able to extend our portfolio to now include more of the South Island with the management of a new Body Corporate property in Wanaka, and we now have management of a farm in Northland.
- We have faced many changes to regulations with updates to the Health and Safety Act, the Residential Tenancies Act (Insulation, Healthy Homes Guarantees Act), new additional legislation with the Asbestos Regulations 2016, and AML/CFT Act.
- We won the Property Management Company of the Year award, which now sits alongside our other previous awards won over the years.
We are not the biggest, nor the oldest. We don’t have the most branches, nor are we a national franchise. But we are the best – we have awards to prove it! We thank you as clients for being on the journey for property investment with us, we couldn’t do it without you.
From all of us here at Auckland Property Management, we hope you have a lovely festive season with family and friends and enjoy safe and enjoyable holidays.
Auckland Property Management
APM office holiday hours
We will only be closed on the statutory holidays.
Monday 23 Dec – 8.30am – 5.00pm
Tuesday 24 Dec – 8.30am – 3.00pm
Wednesday 25 Dec – CLOSED
Thursday 26 Dec – CLOSED
Friday 27 Dec – 8.30am – 5.00pm
Monday 30 Dec – 8.30am – 5.00pm
Tuesday 31 Dec – 8.30am – 3.00pm
Wednesday 1 Jan – CLOSED
Thursday 2 Jan – CLOSED
Friday 3 Jan onwards – 8.30am – 5.00pm
Residential Property Management
The Year in Residential Property Management
It’s been another big year for all of us as we traverse together the increasing changes in the property industry. The Government has announced proposed changes to the RTA which are game changing in terms of a landlord’s right to choose who lives in his or her property. As usual, not all the proposed changes are bad and we have yet to see the final outcome as the proposed changes are due to be drafted into a Bill to be introduced to Parliament early 2020.
We are also now navigating our way through Healthy Homes, we know many of you are now fully aware of the requirements and are proceeding with the first step, the assessment. Those with apartments will lean towards compliance naturally as many requirements may already be met on a large scale. We are pleased so many of you are seeing these compliance requirements for exactly what they are, a part of the expense of running and upgrading a small business such as a rental property; they are unavoidable and add desirability to you property. I appreciate it is an unexpected expense however I urge you to remember that the statistics of properties doubling in value every 10 years based on past surveys is still relevant. All that being said, we definitely have our own challenges to meet that can be inconvenient at times.
During the holiday seasons, our Property Managers will be on duty as required to address the inevitable emergency needs that arise. However, when possible they will also be having a break to recharge their batteries. So on behalf of the entire property management team, we wish you a safe and happy holiday season.
General Manager – Property Management
Auckland Property Management
House prices predicted to slowly rise – Comments by Howard Morley
As most of our clients are involved in the housing market, particularly in Auckland, the end of the year is a great time to reflect on what has happened to the value of houses. It is a very positive sign that 2019 has seen a real lift in house prices as the year has progressed. REINZ showed house prices around New Zealand rose 1.4% in November from October, and in Auckland prices lifted 2.9% in value in November compared to last year.
More importantly median house prices across New Zealand were up 8.6% over the last 12 months and according to Statistics NZ, the rental prices across New Zealand compared with November 2018 has increased by 3.2%. In my opinion, these gains and after tax returns far outstrip putting savings into a bank account at say 3.5% before tax.
Swimming Pool & Outdoor Fire Regulations Reminder
Earlier this month we sent our tenants a timely reminder about the swimming pool regulations, the use of brazier/outdoor pizza ovens, and to conserve their water if on a water tank.
If you own or live in a property with a swimming pool, please note that any pool deeper than 400mm (fixed, inflatable or portable) is subject to safety provisions under the Building Act. Any breach of this Act could incur a $5,000 fine. Ensure you are compliant with the regulations and read more about them here.
Latest APM video blogs
Toni Heath discusses tenancy agreements and property chattels in our latest video blog episodes, click on the links below to view and read more:
Industry insights with Celia on OPES Partners podcast
OPES Partners Limited kindly invited Celia Burbery on to their podcast to discuss industry aspects such as tenancy law, good yields, and the role of property managers.
New Rules for Tenants and Landlords announced
The Housing Minister Kris Faafoi announced new rules on 17 November 2019 that sit alongside the Government’s previous regulations on renting, including limiting rent increases, improving compliance with the law and making properties safer. You can read more about the changes due to be introduced early 2020 here.
Body Corporate Management
Body Corporate 2019 Wrap up
It’s December and another year has almost come to an end. The Body Corporate team can reflect on another solid year of growth with over 550 property owners joining the company either as a Body Corporate or Residents Association owner during 2019. Our Managers have completed over 450 AGM’s, EGMs or Committee meetings and the administration team have processed tens of millions of dollars’ worth of invoices for our creditors, and the same for levy and utility invoices to our thousands of owners.
Being one of the relatively practical divisions of Auckland Property Management Limited, the Body Corporate team are also looking forward to a new year in a new decade and focused on enjoying life. For instance in 2020 we want to focus on operational improvement and delivering improved service to our client’s pre and post AGM’s (which are traditionally the focal point for any building during the year), strengthening our administration team and enhancing our Health & Safety and electronic footprints.
So whatever the new decade has in store for you or you for it, on behalf of the Body Corporate team at Auckland Property Management we would just like to wish you all the best for the holiday season and thank you for all your support in 2019.
General Manager – Body Corporate
Auckland Property Management
Commercial Property Management
We are delighted to welcome to the team James Bangerter, Commercial Property Manager to the team. James brings a wealth of knowledge to the position of Commercial Property Manager after more than 13 years’ property management experience.
Click on the link below to learn more about James.
We welcome the below properties who have come on board to our holiday home division Waiheke Escapes in the last few months. If you know of family and friends who fancy a trip to Waiheke then take a look at our new properties just waiting for your next Waiheke adventure.
7 Questions With…Edwin Yu
Edwin Yu, Property Manager
Q. How long have you worked in Property Management?
Nearly 3 years.
Q. What challenges do you see for landlord’s coming up?
The new Healthy Homes standards. I think it would be quite hard for landlords to assess their properties on their own and ensure they are compliant by the deadlines to avoid further issues.
Q. What interested you in becoming a Property Manager?
I knew people in the industry and I liked that there are different challenges every day.
Q. What is the most interesting place you have traveled to?
South Island of New Zealand. There are still some places that I haven’t been yet.
Q. What do you like to do when you are not working?
Cooking delicious food for my family.
Q. What is something you have learnt recently?
I learn a lot from working within my good team of colleagues.
Q. We notice you are a bit of a cook around the office, what is your favourite thing to make at home
I am happy to try many different kinds of cuisine food at home.
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