New Zealand’s median house price reached a new record of $389,000 in December, up almost 10% on December 2011, the Real Estate Institute says. 15-01-2013 more >>
It’s not good news for landlords right across New Zealand in the latest Trade Me Property analysis. Head of Trade Me Property Brendon Skipper said the national scenario in the last quarter of 2012 was similar to that of the September quarter. 14-01-2013 more >>
Rising property values in Auckland helped spur nationwide increases in house prices in December, according to the latest QV monthly property value index. 10-01-2013 more >>
Just under 20% of properties on the market have been listed for sale for more than a year. More than 200 of them were listed before the property downturn in 2008. And more than 1400 have been on the market for more than 1000 days. 10-01-2013 more >>
A drop in the number of building consents issued in November compared to the previous month was entirely due to a decline in apartments. 09-01-2013 more >>
A series of public meetings are to be held across the country as part of consultation on the Government’s earthquake-prone building policy. 09-01-2013 more >>
KiwiSaver has already helped 10,000 first-home buyers into $3 billion worth of property, data from the Financial Services Council shows. 04-01-2013 more >>
Three-bedroom houses are most popular with buyers and renters but four-bedroom homes are the most commonly built because they return the most profit to developers, says research from Colliers. 03-01-2013 more >>
The Waikato Property Investors’ Association and indeed the New Zealand rental industry lost a real asset with the passing of Brian Hancock shortly after the Waikato Conference last year. 01-01-2013 more >>
First-home buyers should not be tempted by top-of-the-range homes and instead should buy the cheapest properties their egos will allow, says New Zealand Property Investors Federation president Andrew King. 31-12-2012 more >>
People thinking about starting or expanding their property investment portfolio in 2013 should think about cashflow, says the president of the New Zealand Property Investors Federation. 27-12-2012 more >>
The number of mortgagee sales continues to fall, Terralink data released yesterday reveals. There were 516 mortgagee sales in the three months from July to September this year, down 15 per cent from the June quarter. 24-12-2012 more >>
Net migration as positive for the third month in a row in November, and Westpac says an upward trend appears to be establishing. “In particular, net departures to Australia are coming off the boil, with the net loss to Australia at its lowest since February 2011.†21-12-2012 more >>
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 >>