New Zealand’s national average house price hit a new record in October, of $380,000. Real Estate Institute chief executive Helen O’Sullivan said the spring surge in listings was still not enough to keep pace with buyer demand. 09-11-2012 more >>
Interest rates are likely to stay low for many years and may fall further, according to expert who believes prices will double again over the next few years. 08-11-2012 more >>
Commercial property in New Zealand returned annual income of 8% and annual capital growth of 1% for the year ending September 2012, according to the latest Commercial Property Index. 08-11-2012 more >>
Property investment guru Olly Newland says the Government’s housing affordability proposals will be minimally effective, even if the intentions are well meant. 07-11-2012 more >>
Seven thousand commercial building owners in Wellington are being surveyed on the issues they face paying for earthquake strengthening work and insurance the Canterbury earthquakes. 06-11-2012 more >>
An Otago woman has donated the entire value of her home to charity. The woman, who lived in Arrowtown her entire life, bequeathed the proceeds of the sale of her home to the Royal New Zealand Foundation of the Blind Guide Dog Services. 06-11-2012 more >>
Auckland average house prices topped $600,000 for the first time in October, according to Barfoot and Thompson’s latest statistics. The average house price in the city last month was $618,707, an increase of nearly $33,000 on last month’s average. 05-11-2012 more >>
Realestate.co.nz has reported signs of rising confidence in the market, as sellers pushed up the national truncated mean asking price to a new high of $445,529 in October. 02-11-2012 more >>
Housing New Zealand has repaired 212 earthquake-damaged houses in Christchurch. Housing Minister Phil Heatley said: "This is a huge achievement in just six months and I congratulate the corporation. They have done a fantastic job.†02-11-2012 more >>
Auckland Council says it expects house prices to remain firm, with a million new residents expected over the next 30 years. It says it is taking action to boost supply to make housing more affordable and accessible. 01-11-2012 more >>
This years NZPIF conference in Hamilton was another major success. Attendees experienced a full weekend of devouring property related information plus sharing war and successes stories with other attendees. The mood was buoyant with many attendees looking to take advantage of market conditions. 01-11-2012 more >>
Even houses that may require major repairs are selling well in Christchurch, the Real Estate Institute says. Sales of properties rated in technical category three (TC3), meaning further investigation is required to determine whether major repairs are needed, are beating sales expectations, an analysis of sales shows. 31-10-2012 more >>
Some property investors will feel the sting of the Government’s moves to tackle housing affordability, but not as sharply as they might have, says the New Zealand Property Investors Federation. 30-10-2012 more >>
A new website designed to help would-be sellers find real estate agents is helpful but won’t replace word-of-mouth recommendations, says Real Estate Institute president Helen O’Sullivan. 29-10-2012 more >>
A programme launched today offers property developers advice to help them construct buildings that use up to 70% less energy than the average. 29-10-2012 more >>
Landlords can expect especially good returns from top quality investment properties at present, says New Zealand Property Investors Federation president Andrew King. 26-10-2012 more >>
Smart commercial landlords should strengthen their buildings well beyond the legal requirement - or hold off for now, says a property consultant. 25-10-2012 more >>
The decision this morning to leave the official cash rate (OCR) unchanged at 2.5% hasn’t surprised anyone – but the hint of optimism included with the Reserve Bank governor’s statement has. 25-10-2012 more >>
It needs to become cheaper to build houses if New Zealand is to avoid a situation where lower income families have nowhere to live, says BNZ chief economist Tony Alexander. 25-10-2012 more >>
Dealing with problem tenants could become a lot more expensive under changes to the judicial system being proposed by the Government. Geoff Knight, of debt recovery and collection service CIA, said many landlords would give up on recovering money they were owed from errant former tenants if the new fees scheme was adopted. 23-10-2012 more >>
Investors with properties in Manukau are getting the best return on investment, according to the latest market research from Crockers. 19-10-2012 more >>
