New listings surged in September and the mean asking price rose $10,000 to 3.4% above last year and just 1% below the peak asking price in April this year. 03-10-2011 more >>
The number of new dwellings authorised – including and excluding apartments – show “strong increases†in both July and August, according to the latest Statistics New Zealand (SNZ) figures. 30-09-2011 more >>
The good news is landlords’ have little need to worry about new tax changes – the bad news is that for many, the impact of the last round has yet to be felt. 30-09-2011 more >>
In the space of one month 27,000 people have downloaded Realestate.co.nz’s upgraded iPhone app which allows users to search for rental property. 29-09-2011 more >>
Christchurch landlords’ willing to modify their tenancy expectations could seize opportunities presented by the earthquake repair work.
That's the view of Department of Building and Housing service delivery deputy chief executive Maria Robertson. 23-09-2011 more >>
Central Otago Lakes and Auckland remain the most expensive places in New Zealand to buy property, though nationwide home affordability improved slightly over the last quarter. 23-09-2011 more >>
A Dunedin property investor is lobbying the Government to change its tax laws for earthquake strengthening to make the work depreciable. 16-09-2011 more >>
Floating mortgage rates are unlikely to rise this year after Reserve Bank governor Alan Bollard took his cue from deteriorating sentiment about the global economy and kept interest rates on hold, as expected. 15-09-2011 more >>
A lack of quality listings is helping push values up in Auckland, while Wellington remains in a “holding pattern†according to the QV Index for August. 13-09-2011 more >>
High profile commercial property investor Sir Robert Jones has expanded his Auckland office portfolio with the purchase of a six story office and retail block in Takapuna. 12-09-2011 more >>
Continuing turmoil in global financial markets is likely to stay Reserve Bank governor Alan Bollard's hand on Thursday but the big question is how long will it keep him on hold. 12-09-2011 more >>
Nationwide real estate agents have reported little evidence investors are looking to buy in the current market – though investors are buying in some locations. 08-09-2011 more >>
Property IQ says some valuers are scaremongering in suggesting the valuation clearing house system it is trialling with ANZ Bank will lead to a lowering of standards and inferior valuations. 07-09-2011 more >>
The Earthquake Commission (EQC) has increased its estimated Canterbury earthquakes liability by around $4 billion to $7.1 billion, Finance Minister Bill English has announced. 30-08-2011 more >>
Median rent growth has eased from its two-and-a-half year high last month and the housing market looks set to “continue muddling along†as opposing forces interact, according to ANZ. 24-08-2011 more >>
The Reserve Bank does not favour the kind of capital gains tax the Labour Party is proposing, saying it would only distort the property market further. 24-08-2011 more >>
A “huge misconception†exists that investment property receives favourable tax treatment, and additional taxes could “spark an investor exodus,†according to NZ Property Investors Federation president (NZPIF) Andrew King. 23-08-2011 more >>
Despite an increasing number of people expecting house prices to rise, overall confidence in the housing market fell during the July quarter, according to the latest ASB Housing Confidence Survey. 19-08-2011 more >>
The average median rent for a two-bedroom property in City Bays rose 13% in the year to July 2011, while the same size property in Devonport saw an 8% fall. 18-08-2011 more >>
The Government has today offered to buy an additional 940 earthquake affected properties in Kaiapoi and Pines Beach north of Christchurch. 18-08-2011 more >>
