Higher Auckland prices are making servicing a mortgage much harder for Auckland families, Crockers latest research shows. Through 2012, mortgagee sales have been at record levels, running at a rate of 85 per month – 30 of which are in Auckland. 26-09-2012 more >>
Former Richmastery head Phil Jones must pay his ex-wife $588,602. The couple left for the United States four years ago and Corinna Jones departed the business 11 months later, when the couple split. 25-09-2012 more >>
Banks’ fight for customers continues with mortgage approvals topping $1 billion for the 22nd straight week in the week ended September 14. Reserve Bank figures show 6442 mortgages were approved in the week, worth $1.059 billion. 24-09-2012 more >>
Economists are watching house prices with extra interest since it was announced that the Reserve Bank will now have to take asset prices into account in setting the Official Cash Rate. 24-09-2012 more >>
First-home buyers can get on to the property ladder in Auckland if they adjust their expectations, says the city’s property investors association president, David Whitburn. 21-09-2012 more >>
More investors will choose to put their money into even quite expensive properties as interest rates remain low, says BNZ chief economist Tony Alexander. 21-09-2012 more >>
The new Reserve Bank Governor must increase the OCR if house prices rise rapidly, even if inflation is on target. Finance Minister Bill English and RBNZ Governor-Designate Graeme Wheeler signed a new Policy Targets Agreement (PTA) yesterday. The Reserve Bank Act states that the Governor is accountable for maintaining price stability. 21-09-2012 more >>
An analysis of the listings on Trade Me shows the huge impact the Christchurch earthquakes have had on market behaviour across the region, says ANZ. 20-09-2012 more >>
Auckland Property Investors Association president David Whitburn says he’s pleased to have an answer to the water charge debate, even if it wasn’t the one he wanted. 20-09-2012 more >>
Vendors planning to follow in the footsteps of the Hamilton real estate agent who sold his investment property at a no-reserve auction should be very careful. That’s from property commentator Alistair Helm. 19-09-2012 more >>
ANZ says in its latest Property Focus that it agrees with the Reserve Bank’s assessment that house price growth will be limited by households’ reduced appetite for debt. 18-09-2012 more >>
Property investment is not for everyone and those who understand it should look out for their less savvy friends and family, says BNZ chief economist Tony Alexander. 14-09-2012 more >>
A widely-reported release from a financial advice firm indicating shares offer better returns than property investments has been slated by BNZ chief economist Tony Alexander. The data, released last week by Camelot Financial Group, showed investors with a portfolio of shares were more than twice better off than those who focused solely on property. 14-09-2012 more >>
The Reserve Bank has kept its official cash rate at 2.50% and says little has changed since its previous Monetary Policy Statement in June. “New Zealand’s trading partner outlook remains weak,†Reserve Bank governor Alan Bollard said. “Several euro-area economies are in recession and Chinese growth has slowed. The risk of significant deterioration in the euro area persists.†13-09-2012 more >>
New Zealand’s lifestyle property market isn’t firing up to the same extent as the residential market, according to the latest REINZ rural statistics. 13-09-2012 more >>
The global recession was an opportunity for growth for one Kiwi consulting company, which is expanding its services into the Australian property market. 12-09-2012 more >>
Landlords are left vulnerable by an unregulated property management industry, says the organiser of a petition calling for rental properties to be brought under the Real Estate Agents Act. 11-09-2012 more >>
Almost 80 per cent of rental properties have some form of insulation, according to a survey by the New Zealand Property Investors Federation. 11-09-2012 more >>
Residential property prices continued to creep up in August, according to QV. Its latest index has been released, showing that values have risen 1.6% nationwide over the past three months, 4.8% over the past year and are now 0.4% off their 2007 peak. 11-09-2012 more >>
There were 843 more sales in August this year than the same month last year, an increase of 16.2%, latest statistics from the Real Estate Institute show. But chief executive Helen O’Sullivan says the market is still subdued by normal standards. 10-09-2012 more >>