Barfoot and Thompson has reported renewed interest in the cheaper end of the market. The Auckland real estate agency has released its statistics for January. During the month, 334 homes were sold for less than $500,000 or 39.1% of all the homes sold. 05-02-2014 more >>
Record traffic numbers to Realestate.co.nz’s various sites indicate a current increase in buyer interest and demand for homes. Over 1.65 million visitors browsed for property in January on their sites 04-02-2014 more >>
Realestate.co.nz reported a lift in new listings last month, helping inventory levels to recover to a level not seen since April. It followed December’s seven-year low of just 8010 new properties on the site. Thirteen of the 19 regions reported a year-on-year increase in listings. 04-02-2014 more >>
Property owners expect interest rates to rise by at least 1% by the end of this year but most are not expecting that to have any effect on their property portfolios. 04-02-2014 more >>
Reserve Bank Governor Graeme Wheeler has confirmed he expects to raise the benchmark interest rate to about 4.5 percent in the next two years to curb inflation.
31-01-2014 more >>
There’s a mixed outlook for the property market, if ANZ’s latest Property Focus is anything to go by. The bank’s economists have issued their monthly Property Focus, reporting pressure from both directions on house prices. 31-01-2014 more >>
A new system designed to cut the time it takes to resolve tenancy disputes will only be available to big property management firms and Housing New Zealand at first. Housing Minister Nick Smith has revealed details of the new "Fasttrack" process for the Tenancy Tribunal. 30-01-2014 more >>
New Zealand landlords are becoming more likely to leave their property management in the hands of the professionals, one industry participant says. David Faulkner, of Property Brokers, said a comparison of listing websites TradeMe and Realestate.co.nz showed that up to half of all rental properties were now being looked after by a manager, rather than a DIY owner. 29-01-2014 more >>
Economists aren’t expecting an increase in the official cash rate this week but it’s not can impossibility, a new survey has shown. The latest CPI data, which showed much stronger inflation than expected, had prompted some to question whether the Reserve Bank might move sooner rather than later on the rate. 28-01-2014 more >>
Many landlords are choosing to sell their properties because of bad experiences with tenants, says the president of the New Zealand Property Investors Federation. 27-01-2014 more >>
Loan-to-value restrictions have the potential to affect the lifestyle property market but there is no sign of them doing so yet, the Real Estate Institute’s rural spokesman says. 24-01-2014 more >>
There is no way of knowing how long loan-to-value restrictions might affect the housing market throughout this year, BNZ chief economist Tony Alexander says. He said house prices would continue to rise as the imbalance between demand and supply at current prices showed no sign of letting up. 23-01-2014 more >>
There has been a clear move towards owner-occupied apartments in Auckland, says Martin Dunn, of City Sales. The apartment-specialist real estate agency has been operating for 16 years. Dunn said its apartment sales had traditionally been split at 30% to owner-occupiers and 70% to investors. But in October, November, December, that had changed to 37%, 48% and 44% owner-occupiers, respectively. 23-01-2014 more >>
Banks are willing to turn a blind eye to borrowers who use personal loans from other lenders to pull together their deposits, says Harcourts chief executive Hayden Duncan. 22-01-2014 more >>
Demographia's latest survey of housing affordability paints a depressing picture for New Zealand. But is it as bad as Deographia make it out to be?
21-01-2014 more >>
Criteria used to describe New Zealand’s housing as unaffordable are too simplistic and do not take into account the cost of borrowing, the New Zealand Property Investors Federation says. The Demographia survey compares housing costs in nine countries. 21-01-2014 more >>
Sales numbers are falling, especially in the cheaper price brackets, the latest data from the Real Estate Institute shows. In December, there were 5688 residential sales, down 1.1% on the same time in 2012 and a drop of 18.3% compared to November. 20-01-2014 more >>
Aucklanders spend significantly more of their incomes on housing than people in any other part of the country, Crockers research shows. 17-01-2014 more >>
Over the month, there have been some noteworthy policy and regulatory developments potentially affecting New Zealand’s housing/rental property landscape. In this report, we outline these recent developments and flag other changes or developments that can be expected over the coming months.
16-01-2014 more >>
It is the start of a new year and you may well be on your break from work commitments as you read this. With a bit more time on your hands and hopefully in a rested and less stressed environment, this is a wonderful opportunity to think about the higher aspects of your investments. Just why are you investing in property and are you on track to meet your goals? 15-01-2014 more >>
Wellington is probably the best place in New Zealand to be a landlord at present, Trade Me says. It has released its analysis of the final quarter of last year. Christchurch again reported strong growth in listings and Auckland’s were stable but Wellington showed a sharp decline. 15-01-2014 more >>
