Latest Property Headlines

New Zealand’s growing and more resilient economy makes the country an attractive place to work and live. • Finance Minister has announced to pump $11bn into infrastructure in the next 4 years, on top of the $4bn May budget, focusing primarily on housing. • He said the gov’t has been spending $6.5bn, & the announcement of new money would […]

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With rising house prices, landlords have to keep pace & keep their investment yields steady by raising their rents. Tenants just have to deal with it. • Trade Me data shows median weekly rent outside Auckland, Wellington & Christchurch is now $370, up 20% from $310/week in 2014. • Over the same period, the asking price of […]

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Survey says rental houses in New Zealand are poorly maintained than the owner-occupied houses. • Acc. to BRANZ House Condition Survey, owner occupied houses have well-maintained features – double that of rental properties (48% vs 24%). • The survey indicated internal features are twice as likely to be in a poor or serious condition in rentals as owner […]

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The proposed tax on property value has generated a buzz in Taupo. Property owners may have to pay 1.5% tax on their first home or investment properties. • The Opportunity Party proposes that every property owner should pay 1.5% tax on the value of their properties. • Moreover, property-owning foreign nationals would be charged 3% tax. • The party’s flagship policy “intends […]

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Though house prices have surged, people still prefer to buy a new home rather than building a house from scratch. • Building a new house in a major centre could net you on average around $150k in capital gain, new research suggests. • Property research firm homes.co.nz has looked at the gap between the cost of a new section & […]

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Home ownership not only implies financial stability but also ensures certainty & security for starting a family. • 70% of Chinese millennials, aged 19 to 36, are home owners in New Zealand, acc. to HSBC global home ownership study. •  The high rate of home ownership among these millennials is embedded in traditional thinking – a house means financial stability. • […]

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Homeowners are catching on to the Airbnb phenomena as a safe option of renting their properties & earning more money. • Airbnb is proving popular with travellers & is yet to have an affect on the rental market in the way it has in Auckland & Wellington. • The website is affecting rental property stocks, as landlords turn their […]

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A dip in property values does not necessarily mean the housing market is falling. No market has continued in one direction forever. • It’d be hard to identify a falling market through a downward price movement for it could just be a blip rather than the start of a trend. • The number of days to sell […]

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Aging-in-place renovations that make homes friendlier for older adults have boomed in popularity. For those who plan to buy, build or renovate a house for older people, here’s a few simple design choices that might help. • Single-level living is the most basic aging-in-place solution – open-plan living areas are more conducive to aging. • For wheelchair & […]

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Aside from food & fuel, higher cost in housing boosts the level of inflation to 2.2% annual rate, the highest in more than 5 years. • Official numbers show inflation of 1% for the 3 months ended March, pushing the annual rate to 2.2%, the highest since mid-2011. • The rise was stronger than expected & the New Zealand […]

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