Evidence of housing market activity spreading beyond Auckland is becoming more apparent, according to the latest ANZ property focus report. 20-12-2012 more >>
Proposed changes will clear up issues with GST on holiday homes, the Institute of Chartered Accountants says. Some family baches have been inadvertently caught in the GST net since April 1, 2011. 20-12-2012 more >>
There have been ongoing problems with getting timely Tenancy Mediation and Tribunal hearings around the country. The NZPIF have been having discussions with the Minister of Housing and officials to improve the situation but want to establish if they are having a positive effect.
18-12-2012 more >>
The Ministry of Business, Innovation and Employment and the New Zealand Property Investors Federation are running seminars about practical property management for novice investors. 18-12-2012 more >>
It seems more and more first-home buyers are choosing to purchase apartments, and that’s hardly surprising. Especially in Auckland, where a house in the inner-city suburbs would be likely cost about $1 million, the appeal of an apartment is obvious. 18-12-2012 more >>
Harcourts real estate agents reported written sales of more than $1 billion nationwide in November. A range of areas around New Zealand experienced an increase in sales activity. 17-12-2012 more >>
A second property developer has been handed a home detention sentence for his role in an elaborate fraud. Marcus Julian Friedlander was sentenced to seven months home detention in the Auckland High Court today. 17-12-2012 more >>
The Government will try to simplify the rules relating to financial arrangements that are agreements for the sale and purchase of property or services, Revenue Minister Peter Dunne says. 14-12-2012 more >>
The number of houses sold in Hamilton this year was a quarter more than sold in 2011, but prices aren’t yet picking up pace, a real estate agency says. 13-12-2012 more >>
Australian investors are as strongly present in the Auckland market as their Chinese counterparts, says Auckland Property Investors Association president David Whitburn. 13-12-2012 more >>
November recorded the strongest monthly residential property sales volume in five years, Real Estate statistics show. Sales were up 25% on the same time last year and the national median house price reached a new record of $383,250, which is 4.3% up on November last year. 11-12-2012 more >>
Sale prices are inching closer to asking prices, particularly in Auckland, according to property commentator Alistair Helm. Over the past three years, REINZ statistics show that the sale price of properties was generally about 15% below the asking price, although there had been a slight rise over the past six months. 07-12-2012 more >>
New Zealand should be careful not to relax its lending criteria too far, says the chief executive of RE/Max International. Vinnie Tracey is in New Zealand this week in the wake of the buyout of the local franchise of the real estate firm. 07-12-2012 more >>
High-rise apartment buildings will have to be demolished within 15 years if they can’t be strengthened to meet earthquake standards, Government proposals say. 07-12-2012 more >>
Home loan rates are likely to stay about the same after today’s OCR announcement, on economist says. Reserve Bank governor Graeme Wheeler announced this morning that the rate would remain at 2.5%. 06-12-2012 more >>
The number of houses for sale nationally dropped to a five-year low in November, according to realestate.co.nz’s most recent report. 03-12-2012 more >>
A rapid rise in the number of retirees looking to sell their houses is likely to dampen property prices in most parts of the country except Auckland, a demographer says. 03-12-2012 more >>
This has been quite a year for the Rental Property industry. Since 2008, the NZPIF has been saying that the housing market is likely to be quiet until 2012 and this seems to have been a fairly accurate prediction. While it is certainly early day’s, the housing market is now nearing boom like increases in some parts of the country and is likely to move in other parts soon. 01-12-2012 more >>
Affordable housing developments must be built only for New Zealanders buying their first home, and not snapped up by local or foreign property investors, says New Zealand First. The party’s associate spokesperson for housing, Asenati Lole-Taylor, is worried that the Government’s policy of cutting red tape to provide cheaper houses will line the pockets of investors. 30-11-2012 more >>
