Latest Property Headlines

New data from CreditSimple.co.nz has found that Kiwis over 55 have increasing debt. Bankruptcy rates is on the rise as over 55’s head into retirement with mortgages, personal loans and credit card debt. • Figures show over 55’s are increasingly likely to experience bankruptcy, making up 27.8% of bankruptcies, up from 20.6% in 2010. • 28% of […]

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Low interest rates & rapid population growth are set to keep housing demand soaring over the next few years, however price rises are set to fall off as supply eventually reaches a level closer to demand, Treasury says. • Budget 2017 picks the QV house price index to be up by an annual 5.1% in the […]

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Looking for more space in your house? Check out The Property Investors Top 10 space saving ideas, for small houses.     Stay tuned for the latest property news summaries and information, sent to your inbox fortnightly Sign up now

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Education Minister Nikki Kaye and Associate Education Minister Tim Macindoe have said that School capacity across New Zealand will increase as a result of $392.4 million of capital funding and $64.1 million of operating funding over four years. • Nikki Kaye has said “This will provide six new schools, two school expansions, the relocation of two special […]

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New research from CBRE says that the Wellington commercial property market has a reduction in vacancy and rental pressure is continuing to rise, with more occupier demand expected to support a strong period of growth for the remaining year. • Wellington Viewpoint report reveals office yields have firmed 18 basis points year on year for the first […]

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A new bill introduced by Building Minister Nick Smith suggests that if a tenant damages their rental property & it was their own carelessness or negligence that they’ll have to pay out of their own pockets to cover their landlord’s insurance excess. • The Residential Tenancies Amendment Bill (No. 2) will make tenants liable for their […]

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There’s good news for parents wanting to enrol their students at Christchurch Girls’ High, just outside the enrolment zone as Christchurch Girls High School have announced their intention to rezone to mirror or at least match the Christchurch Boys High School zone. • This will make areas more desirable under the changes, and more interest […]

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A new app made by a US-based company ‘Rentberry’ is set to hit New Zealand, they describe themselves as a ‘price negotiation platform uniting tenants and landlords.’ The new app in question allows tenants to bid against each other for a rental property. Renters are concerned as this will drive up already barely affordable prices. […]

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A report has been released by Investment bank Goldman Sachs which says there is a 40% chance the New Zealand housing market will see a price ‘bust’ in the next two years. This report has been described as exaggerated by one commentator.   • Economic commentator Michael Reddell said that a 5% fall in real […]

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Close to a quarter of a billion dollars in commercial property sales in the second half of last year, is the highest level for Christchurch since the GFC and post-earthquake, according to latest research published by CBRE. • 41% of the $242 million in sales volume was within the office market with an increase in […]

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