There were 301 fewer property sales in July compared to June, and the national median house price fell by $15,000, according to the latest Real Estate Institute of New Zealand report. 11-08-2011 more >>
The average weekly rent for Auckland properties in July was $417, and for the second consecutive month moved downwards, according to Barfoot & Thompson. 10-08-2011 more >>
People seeking to rent out their property to take advantage of the Rugby World Cup have been warned they will be under scrutiny from the Inland Revenue to ensure they meet tax obligations. 09-08-2011 more >>
Parts of Auckland have seen property values increase by 2.4% since July, while Wellington remains the only main centre to see continued declines, according to the latest QV report. 08-08-2011 more >>
The lack of new listings on the market suggests property investors “don’t really give a damn†about the April 1 tax changes that affected investment property, according to BNZ economist Tony Alexander. 05-08-2011 more >>
The lack of available property on the market could prompt upward price pressure, see buyers exit the market or both, according to the Realestate.co.nz July report. 05-08-2011 more >>
The NZPIF has had two meetings this year with senior Labour Ministers. At both these meetings we asked about Labour's housing policy and if any new taxes were being considered. We were told that a land and capital gains tax had been looked at, to pay for extra planned spending, but there were problems with both and would not be part of their policy. 01-08-2011 more >>
The average median rent for a two-bedroom property in Devonport rose 26% in the year to June, while the same size property in Takapuna/Milford saw an 18% fall, according to the latest Crockers Auckland rental price table. 01-08-2011 more >>
The residential housing market has started a cyclical recovery, with rising turnover and prices, decreasing days to sell, a spike in listings shortages and the entry of first home buyers into the market, according to BNZ. 29-07-2011 more >>
From today the owners of leaky homes will be able to seek repair funding from the Government's leaky homes Financial Assistance Package. 29-07-2011 more >>
Reserve Bank governor Alan Bollard took a bob-each-way approach to reviewing interest rates which has left economists and financial markets scratching their heads. 28-07-2011 more >>
Just over a month after the sudden closure of Jericho Property Management another property management firm, Trump Assets Management, has closed its doors. 28-07-2011 more >>
BNZ economist Tony Alexander has rejected the argument that a capital gains tax would result in additional money being invested in productive assets. 18-07-2011 more >>
The supply of rental housing grew only half as much as demand nationwide in the June quarter with the Auckland market showing a severe shortage of rentals, according to figures from the TradeMe. 14-07-2011 more >>
Property investors have been warned to be wary of inflated property valuations when considering whether to invest in either properties or companies which had significant property development portfolios. 08-07-2011 more >>
Labour proposals for a capital gains tax on investment property have been criticised as unfair on both investors and tenants, "who are going to end up paying for this." 06-07-2011 more >>
