Latest Property Headlines

Reserve Bank governor Graeme Wheeler has outlined the criteria for removing loan-to-value ratio restrictions, suggesting that they be removed in stages. In his last major speech as central bank governor, Wheeler hinted an eventual roll back LVRs following calls from real estate lobby groups and a comment from prime minister Bill English suggesting a need for time […]

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Property Institute of New Zealand Chief Executive Ashley Church is pointing to new property market data as proof of a suspected link between New Zealand elections and a ‘cooling’ of the property market. Church says that there has long been a view that the uncertainty surrounding elections cools markets and he refers to a recent […]

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CoreLogic has released its August/September Property Market and Economic Update Report, which reviews the major factors affecting the housing market. It looks at sales volumes, values, buyer types and other influences. It shows a large supply and demand imbalance when it comes to the creation of new housing stock for a growing population. Over the year […]

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New data from Trade Me suggests more tenants are staying put in rentals as hot house prices and stricter lending criteria make it harder to purchase their first home. Trade Me has released its latest update on the asking prices listed on its site. Head of Trade Me Property Nigel Jeffries said the data showed that […]

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Wellington’s voluntary Rental Warrant of Fitness (WoF) scheme is now live, and bookings for assessments can be made via the Council’s website. “We announced we were introducing the Rental Warrant of Fitness a few weeks ago, and the feedback we’ve received since then has been hugely positive,” says Mayor Justin Lester “Improving the quality of our […]

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A change of government means a capital gains tax is back on the agenda. This should worry property owners more than share investors, as they probably have more to lose. Over the past 20 years’ NZ shares have delivered a return of 8.5% per annum.  However, 71% of that return is from dividends rather than […]

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The Green Party in government will end the tax advantages property speculators currently enjoy under National by implementing a comprehensive tax on capital gains, the Green Party said today. The Green Party is the only political party to have consistently called for a comprehensive capital gains tax (excluding the family home) for more than 15 […]

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The ANZ-Roy Morgan Consumer Confidence Index has lifted from 125.4 to 126.2 in August, with sentiment well above its long-run average of 119. The seasonally adjusted rose 2 points to its highest level since July 2014. According to the findings, 38% of the respondents believe it’s a good time to buy a major household item. Despite […]

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Wellington City Council will be the first in New Zealand to trial the warrant of fitness scheme for rentals but landlords have quickly shot it down as a waste of time and money. The voluntary scheme will include an app that will allow tenants and landlords to check their house against minimum health standards. Landlords […]

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Prime Minister Bill English has ruled out allowing the Reserve Bank to bring in debt-to-income (DTIs) ratios and has suggested that it could be time for loan-to-value restrictions to be wound back, too. He told media that while the LVRs were a matter for the Reserve Bank, it might be time to think about what […]

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