Batcave Sets New Price Record In OZ

This incredible ‘batcave’ property in Brisbane sold last month for over A$8.3 million – and the new owner might just be Bruce Wayne.

To reach the house you need to drive up a 50-metre enclosed concrete tunnel to an underground bunker that houses up to 10 cars.

TripAdvisor For Rentals And Landlords

Two new websites launched last month that rate landlords and rental properties aiming to become similar to TripAdvisor rentals.

Seven-year Leases Arrive On The Market

A new Hobsonville development is offering tenants the chance to keep their rental for up to seven years – the kind of long-term lease more typically seen in Europe than in New Zealand. 
 

This gives security of tenure for those who want to rent there, while also reducing the cost of tenant turnover for the landlord. 

Apartment Rents Rise Across NZ

Rents are up on apartments, townhouses and units, according to TradeMe Property’s Rent Price Index, while nationwide rents having remained steady. 

Apartments have seen the biggest change, with median rents climbing around 20% each year to reach their current high of $460 a week. Auckland apartments also hit a high of $490 a week. 

Are the LVRs on their way out?

Loan-to-value ratio restrictions could be removed in the near future, with hints coming from both Bill English and, more recently, departing Reserve Bank Governor Graeme Wheeler. This is big news for investors.