Columnists

A little piece of news that hasn't been widely reported this week should be of concern to property investors. There was an article on landlords.co.nz reporting that rental prices on residential properties had fallen in the month of May.

One thing all property investors and landlords should be aware of now is the long-winded re-write of the Residential Tenancies Act (RTA).

Each month we have a week where all the real estate housing stats come out telling us how the market is going. The past six days have seen three releases; firstly Barfoot & Thompson's numbers for the Auckland market, followed by QV's, then lastly the Real Estate Institute's.

News today that the Reserve Bank has brought forward forecasts for cuts to the official cash rate is welcome. A look at the market reaction to the announcement indicates we are likely to see lenders drop some rates, particularly those at the shorter end of the curve, quite aggressively.