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Summer Newsletter 2010…
As 2010 draws to a close our latest newsletter is packed full of information to help you get the most out of your property investment in the new year. We wish all our customers a very happy holiday season and thank you for your patronage during 2010. If you are passing through Queenstown during the holidays don’t forget to pop in for a cuppa and say “good-day”!
Best wishes, from Doug and the team at Resort Property Rentals.
Big Changes on Horizon for LACQ’s
Be prepared! That’s our advice to property owners who operate a LAQC following the recent announcement of changes being introduced in next April’s budget. The new rules will, among other things, prevent Loss Attributing Qualifying Companies (LAQCs) from passing losses to their shareholders. We recommend our clients talk to their property lawyers or accountants about the changes taking place and what it means for them well before next April.
Keeping an eye on Rental Prices in Queenstown
Did you know that the Department of Building and Housing provides an overview of average rental prices and activity for the Queenstown area? These figures can be useful when setting rental prices for your property, and the latest median rents for March to October of this year are as follows:
- 1 room flat $180
- 2 bedroom house $280
- 3 bedroom house $405
- 4 bedroom house $450
While these amounts are similar to 2009, we do predict an increase is on the horizon for rentals in the area over the next few months. For more details about rental price ranges, bonds and more visit http://www.dbh.govt.nz/.
Earthquake Risk Real for Queenstown Property Owners
While Queenstown properties got off relatively lightly in the recent Canterbury Earthquake drama, our team still made a point of checking all properties for Earthquake damage, and it’s a good thing they did, as Doug MacGillivray explains. “We found a couple of new cracks in one of our properties after the August quake, called the insurance company and a successful claim was lodged.” The team uses the geo-net website to monitor seismic activity in Queenstown, and when a noticeable quake comes through they always take action. “It’s important that we keep a regular eye on our properties, especially after a quake, as if damage is detected then owners only have three months to make a claim.” If you have any questions about your property following the recent Canterbury Quake, please feel free to contact one of our team.
Latest news from Queenstown
The future of the local economy is looking rosy for 2011, with several exciting developments and initiatives announced recently. We’ve selected a few highlights for you below to keep you up to date on what’s happening in the region:
Thank for completing our survey!
A big “THANK YOU “to all who completed our 5 minute online survey, and the lucky winner of the $100 prize was Wayne Sayer of California, USA. Following your feedback the team will be taking steps in the new year to help make sure that Resort Property Rentals continues to deliver a quality service to our clients. But don’t forget you don’t need to wait for the survey to give feedback, we are always happy to hear from you!
Resort Property Rentals Christmas / New Year hours
We will be operating as usual over the holiday period, except for the statutory holidays: 27, 28 December, 3 and 4 January. However emergency contact details will be available to all clients and tenants on the answer service.
Best wishes for 2011! And……Just for fun
The three stages of life:
Stage one – you believe in Father Christmas
Stage two – you don’t believe in Father Christmas
Stage three – you are Father Christmas!
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