REDnews.
Welcome to REDnews, Westpac New Zealand's source for insights, opinions and helpful stories on topics such as property, business, personal finance and community initiatives.
Displaying articles for "Property"
![Solar Panels](/assets/Rednews/Solar-Panels-v3__FillMaxWzM4MCwyNDdd.jpg)
Solar panel prices hit five year low, so are they now worth the investment?
Kiwis spent the Level 4 lockdown binge-ing on Netflix, hiring movies online and pining for fast food, Westpac transactional data suggests.
![TDMModular v2](/assets/Rednews/TDMModular-v2__FillMaxWzM4MCwyNDdd.jpg)
Westpac offers prefab choices in New Zealand-first scheme
Westpac the first bank to launch dedicated mortgage product helping Kiwis into prefabricated homes.
![Crosslease](/assets/Rednews/Crosslease-v2__FillMaxWzM4MCwyNDdd.jpg)
Cross-leases: The pros and cons
If you are thinking of buying a cross-leased property, it pays to know what exactly that means.
![parents buy house](/assets/Rednews/parents-buy-house-v2__FillMaxWzM4MCwyNDdd.jpg)
6 things you need to know if you’re helping your kids buy a house
The Bank of Mum and Dad is New Zealand’s sixth-biggest lender.
![Tiny House Banner](/assets/Rednews/Tiny-House-Banner__FillMaxWzM4MCwyNDdd.jpg)
Tiny living: could you do it?
VIDEO: We take a tour through Cam and Amanda’s treasured 20-square-metre house.
![housetrap](/assets/Rednews/housetrap__FillMaxWzM4MCwyNDdd.jpg)
New scam targeting homebuyers, real estate agents and lawyers
A devious new scam that has the potential to steal hundreds of thousands in a single hit.
![LeaseholdAuckland](/assets/Rednews/LeaseholdAuckland__FillMaxWzM4MCwyNDdd.jpg)
What will happen to leasehold property in New Zealand?
Overseas, many homeowners are trapped by spiralling ground rents and can't get out.
![Airbnb banner](/assets/Rednews/Images/Airbnb-banner__FillMaxWzM4MCwyNDdd.jpg)
Is Airbnb worth it? Some realities around hosting your property
We talk to two Kiwis about their experience hosting on Airbnb and some of the pros and cons.
![Prefab2](/assets/Rednews/Prefab2-v2__FillMaxWzM4MCwyNDdd.jpg)
Unlocking the Prefab housing conundrum
The problem: Prefab housing is cheaper and faster but not widespread because it’s hard to finance.
![Pets](/assets/Rednews/Pets__FillMaxWzM4MCwyNDdd.jpg)
Why is it so hard to find a rental that allows pets?
Is it discrimination on the part of the landlords? Or a justified precaution?
![Cashflow Positive](/assets/Rednews/Images/Cashflow-Positive__FillMaxWzM4MCwyNDdd.jpg)
How to spot cashflow positive properties
There are great buys in every market, you just have to know where to look and get creative.
![MortgageorRental 1](/assets/Rednews/MortgageorRental-1__FillMaxWzM4MCwyNDdd.jpg)
Pay off the mortgage or buy a rental?
While debt repayment is safe, a rental could be seriously profitable. What should you do?