Latest Property Headlines

The Mayor’s Housing Taskforce have released their plan for helping Wellington’s housing issues, with the suggestion of increasing building heights and allowing more site coverage, stepping up council-led development, and signing a new partnership agreement with the Government. The report stated ways the council could improve its processes to make building homes easier. The report recommends a closer […]

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A change in criteria by the government could see suitable home owners able to receive the home insulation grant. Energy and Resources Minister Judith Collins said the grants would provide 50 per cent of the cost of ceiling and underfloor insulation for low-income home owners, as well as low-income tenants who are already eligible. • It […]

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Far too many people have been taken out of the property market, especially in Auckland, CoreLogic says. CoreLogic head of research Jonno Ingerson said the winter drop in market activity had hit, and was compounded by Reserve Bank restrictions on small-deposit loans and on investors. • CoreLogic’s data showed that fewer people were applying to the […]

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A planned $100 million luxury hotel complex near Skyline’s gondola in Queenstown is the talk of the town. Kevin Carlin – who developed The Waterfront apartments and the Lakeside Estates subdivision – lodged a resource consent application for Queenstown Views last Friday. • The planned four-level complex includes a 120 to 130-room, four and a-half to […]

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Latest Trade Me figures show rents are averaging of $475 a week which makes Tauranga the third most expensive city to rent – behind Auckland and Wellington. • Head of Trade Me, property, Nigel Jefferies, said rents were up more than 9 per cent year-on-year, and online activity suggested Tauranga remained popular with buyers and […]

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Chief Executive of First National Real Estate Bob Brereton believes  an Americas Cup win would be a catalyst for significant new development and would also bring forward deferred projects. It would lead to a large and continuous period of development on the Auckland waterfront and believes that the city would move quickly to gear up accommodation […]

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Latest data released from Real Estate Institute of New Zealand indicates that in the month of May the national median property price reached a new high of $540,000, which was up 6.7% from $506,000 a year ago. Auckland’s median house prices were up 5% year-on-year to $865,500 and increased 1.6% from April, showing “continued growth in […]

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One year in to the two-year $18 million programme ‘Warm Up New Zealand: Healthy Homes’ programme only 3700 homes have been insulated using the subsidy. The subsidy splits the cost of providing ceiling and underfloor insulation in rental properties occupied by low-income New Zealanders between landlords and the government – they roughly pay around $1500 each. […]

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New documents released to Radio NZ show The Reserve Bank wrote to MBIE two days before the public release of the measure saying its new customer mortgage rate was “more relevant for assessing affordability” and the older series “probably wasn’t the best measure to be using anyway”& that the model used to calculate interest rates was about […]

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Multiple Wellington landlords are encouraging bidding wars among potential tenants by exploiting the capital’s desperate rental crisis – and apparently there’s nothing in the law stopping them. Trade Me figures show average rents in Wellington grew from $440 a week in 2010 to $520 in 2017. • Trade Me’s year-on-year figures from April show that the number […]

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