Latest Property Headlines

Plans to prevent a Wellington housing crisis have been given the green light. Wellington City Council voted unanimously on Thursday to forge ahead with the largest reform of the city’s housing policies in decades. Council chief executive Kevin Lavery warned councillors implementing the plan was going to be tough and achieving its goals could require […]

Continue reading

Prime Minister Bill English has defended his government’s record on housing supply and demand responses, saying demand had both been underpinned by government subsidies for first home buyers while also being cut by way of loan-to-value ratio restrictions and introduction of a two-year capital gains tax which excludes the family home. Supply was set to be […]

Continue reading

Latest data from the Real Estate Institute of New Zealand indicates that not one region in NZ experienced an increase in the number of properties sold for the year ended in August – a phenomenon that has only happened three times in the last seven years. The number of properties sold fell by 20% in […]

Continue reading

 Labour’s rent plan has had many landlords saying they would push up rents if changes come after this month’s election. 816 landlords answered a New Zealand Property Investors’ Federation survey, 73.6% said they would increase rents if a ‘suite of policies aimed at making it harder for them to provide rental properties was introduced,” the federation […]

Continue reading

The Jacinda effect is taking hold of me. As a full time property investor, and long-time National supporter, I’ve never been so tempted to vote for Labour. The value of my property portfolio is sure to rise. Capital gains tax has long been touted by Labour as the solution to rising house prices. Precisely the […]

Continue reading

Warnings of mortgage rate rises and the upcoming election are key to a sea change in sentiment about house price growth, according to the Property Institute. The Institute’s latest poll shows the number of people expecting house prices to rise in the next six months is down to 30%. This is the lowest level since […]

Continue reading

The 1 NEWS poll has found that 58% of people surveyed supported a capital gains tax on properties other than the family home, with 34% opposing it, and eight% unsure. Political editor Corin Dann said Labour would be buoyed by the result, considering leader Jacinda Ardern has said she won’t rule out the possibility of […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading