apm Client Newsletter – September 2024
Posted by apm on September 11, 2024 Body Corporate, Commercial, Company News, News, Newsletter, Property Management
Welcome to the September 2024 Client Newsletter
Positive News for Property Owners
The Auckland property market is finally experiencing a period of positive change, offering some much needed relief to property owners. The recent reduction in mortgage interest rates is welcome news for our residential and commercial property management clients. With lower borrowing costs, both investors and homeowners have the opportunity to ease some financial pressure, making it easier to invest in property maintenance and upgrades.
This reduction should also translate into more favourable conditions for tenants, potentially creating a more stable rental environment.
At apm, we see these trends as a positive development for the overall property landscape. Lower mortgage rates should create an opportunity for growth and stability in the coming months. Whether you own residential or commercial properties, now could be the right time to explore new possibilities and maximise returns.
We’re here to support you through these changes, ensuring your property investments continue to thrive. Our success depends on yours and I am pleased to advise that we are very much in growth mode at present, with our team expected to grow from 70 to 80 over the next month or two.
Kind regards
Bill Highet
Managing Director
apm
Rental Market Update from Celia
As General Manager, I would like to take this opportunity to provide you with a current market update as experienced by the team.
Given the diverse range of markets across Auckland, it’s important to recognise that each suburb has its own unique characteristics. The current market continues to evolve, presenting challenges and opportunities for property owners. In recent months, we’ve observed fewer tenants in the market, and they are becoming more selective about the property they choose. While the overall vacancy rate remains manageable, it’s crucial to stay proactive especially as we move into the spring and summer – traditionally busier time for rentals. We anticipate an increase in tenant demand during these months, that dare I say it, we lead up to Christmas.
The team are committed to ensuring your property is positioned to attract high quality tenants, minimising vacancies, and maximising returns. We are here to support you and are committed to helping you achieve the best possible outcomes in the current market. Thank you for your continued trust and partnerships.
Kind regards
Celia Burbery
General Director – Residential
apm
Lending for Residential Investment Properties
Learn about Loan to Value Ratios, Debt to Income Ratios or Split Banking benefits for residential investment property from our recent property seminar with Mortgage Advisor Linda Eagleton of Loan Market.
Read article on lending for residential property investment >
Watercare price increase
From 1 July 2024 water and wastewater prices increased 7.2%. Landlords may see an increased in their fixed water/wastewater charges.
Crime Support for Bodies Corporate
A troubling trend of increased crime has been observed in recent months in Auckland and our team is aware of the impact crime has on our clients’ buildings and properties.
Steven Garland, Body Corporate General Manager, outlines how our team assists Body Corporate clients when damage has been done and who we collaborate with to ensure robust support to mitigate crime impacts.
Big Win for our Commercial Team
apm is pleased to have been appointed Asset and Facilities Managers for the St Johns College Trust Board. The trust was established in 1859 and we will be working hard to ensure the properties owned by the trust perform to their maximum potential. The St Johns College Trust Board is an organisation that supports education in New Zealand and across the Pacific, for more information you can view their website: www.sjctb.co.nz
Lending for Commercial Investment Properties
Learn about lending for commercial investment properties including types, Loan to Value ratios, new building standards and security from our property seminar with Mortgage Advisor Adam Day of Personalised Mortgages.
Read article on lending for commercial property investment >
apm News
Meet our new team member
7 Questions With…
Shantel Kippen, Body Corporate Manager
Q 1. How long have you been working in the body corporate industry?
I’ve been working in Body Corporate Management since the beginning of the year however I was previously working in commercial property management for 10 years, and prior to that property and facilities management.
Q 2. What drew you to body corporate management as a career?
It was a different field in property management that I hadn’t covered.
Q 3. What’s a tip for choosing a good BC management company?
They need to be able to multitask and keep cool under pressure – this is where experience plays a big part.
Q 4. What’s your go-to coffee order?
Cappuccino.
Q 5. What’s the best holiday you have been on?
The best was when I travelled to Italy.
Q 6. What’s your favourite place to eat in Auckland?
Zabr’one – an Italian and Mediterranean restaurant in Bucklands Beach.
Q 7. Do you have a favourite sport to watch/play?
Rugby!