Real Estate Today - New Zealand

For the first time ever, Harcourts Australia and Harcourts New Zealand will go head-to-head in Dial Hard 2—the ultimate Trans-Tasman appraisal drive designed to build momentum, sharpen prospecting skills and determine once and for all who can claim the ultimate bragging rights.

The Reserve Bank of New Zealand has increased the Official Cash Rate by 0.25 percentage points to 2.50%. While the move will add further pressure to borrowing costs for some households, it's unlikely to change the direction of the housing market overnight. Instead, it reinforces the more measured conditions that have been evident over recent months.

A recent post from experienced property manager Cherie Osbaldiston has highlighted one of the most misunderstood parts of the property management profession: what really happens before a tenancy reaches termination.