Latest Property Headlines

Predicted housing crashes around the world have not eventuated, despite fears of sudden price corrections. Barfoot and Thompson director, Peter Thompson attended an overseas real estate symposium, with 160 delegates from 22 countries. It was said that they’re not expecting any property collapses, even as prices keep rising. “The sales crash prices that many media […]

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Infrastructure New Zealand have prepared a proposal investigating the build of a new Auckland satellite city around Paerata, north of Pukehohe. Property Institute of New Zealand chief executive, Ashley Church, is “applauding” the suggestion, saying it represents “the sort of big picture thinking that will ultimately resolve the Auckland Housing crisis”. Housing Minister Phil Twyford […]

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The Property Institute of New Zealand is warning Auckland home owners against taking too much notice of the new council valuations due out next month, saying that such valuations are a “blunt instrument” and will be a “guesstimate” rather than an accurate indicator of what homes are actually worth. The institute’s chief executive, Ashley Church, […]

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The voluntary rental warrant of fitness scheme has only had two landlords apply, in the 6 weeks that it has been running. The warrant, contains 63 pass-or-fail questions over 29 criteria to assess whether a house is warm, dry and safe to live in. To gain a warrant of fitness a property must, among other […]

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More than half a million homes in Auckland are expected to see a jump in value – potentially by as much as 50% – when rating valuations are released next month. The average house price value across the Auckland region has risen 40% since the latest rates valuation (RV) three years ago, and property experts […]

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Investors confident, but expect slower growth Property Investors are expecting slower growth in asset prices and rental income than a year ago, but remain confident in the future of the sector, according to the 2017 ANZ Property Investment Survey. The survey found that only 3% of investors expect asset prices to increase in the 11% […]

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Latest data from the Real Institute of New Zealand (REINZ) New Zealand shows that median residential property prices have increased by 1.2% year-on-year to $525,000. Nationally, excluding Auckland, median prices increased 5.7% year-on-year and Auckland median prices remained flat at $845,000. However, on a month-on-month basis, Auckland’s median price increased by 1.2% or by $10,000. Six […]

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The latest report from CoreLogic shows that Nationwide, short-term loss making property sales are rising, suggesting that more owners are questioning future gains. The report revealed that the median hold period for properties selling at a loss was 6.7 years, down from 8 years in the previous quarter. CoreLogic Head of Research Nick Goodall said […]

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BNZ chief executive Anthony Healy has called for a capital gains tax to close the “big gap between rich and poor” that’s emerged in the last decade. Healy said it’s one of the four big priorities the bank wants the new Government – whoever that might be – to focus on. “We still have too many that […]

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Auckland’s housing market slowed in the last three months with property values falling by 0.6% – buyers unable to get finance being blamed. Reserve Bank lending data showed banks loaned $6.1b in August to property buyers throughout New Zealand. That had fallen to $5.1b by last month and was $4.8b in July. January was quietest […]

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