Latest Property Headlines

The Reserve Bank’s dropping fairly firm hints that it might be about to start removing the restrictions on high loan to value lending (LVRs), with a decision possibly set to be announced late this month. The LVR restrictions, one of the RBNZ’s ‘macro-prudential’ tools, fall under the gamut of the bank’s financial stability role. The […]

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There is strong demand from both buyers and sellers of New Zealand property with a “surge” in the number of listed properties. The latest Trade Me Property Index shows that the national average asking price was $623,700 in October, an increase of 2.7% This follows five months of little movement and low stock, said head […]

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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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