Latest Property Headlines

A ban on letting fees has come into effect, meaning the cost of renting is about to become cheaper – right? Wrong… living costs are likely to go up and it’s likely the letting fee will now just be built into rents. The Government was universally warned this would happen, not just by the industry […]

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The majority of New Zealanders believe they need to be saving more for retirement, according to ASB’s latest KiwiSaver survey. ASB’s Q3 2018 survey revealed that almost 60% of respondents believe KiwiSaver should be made a compulsory scheme,  62% believe they need to be saving more for retirement,  21% were comfortable that they did not need […]

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Wellington rents up 9.8pc, Auckland up 3pc, Christchurch down

Winston Peters has admitted that terminating letting fees may lead to “temporary rent rises” during Question Time in Parliament today. Mr Peters was answering on behalf of Jacinda Ardern when National Party leader Simon Bridges raised the issue. Mr Peters then admitted that rent rises may occur due to the policy, but said tackling housing […]

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The Government could raise billions of dollars by taxing more profits from the sale of property and shares. What sort of things might be newly taxed? Probably profits from the sale of land, shares, investment property, baches, businesses and intellectual property, and possibly almost any other assets that could appreciate in value and that don’t fall under the existing tax net. What about the family home? The Government […]

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Ignore the advice from experts, manipulate the political process, slip in a quick tax increase, and voilà, Labour has more of our money to spend at the cost of first home buyers. Despite the regulatory impact statement suggesting such a move could push up rents and house prices, despite the IRD opposing the change and […]

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Auckland Council says many short-term rental providers are operating as businesses, and should be paying commercial rates. It’s proposing to increase rates for online accommodation providers where the entire residence is let for more than 28 nights a year. The new rates would vary depending on property zoning within the Auckland area. According to Bookabach, […]

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Christchurch bucks national trend with a fall in rents

Tenants will no longer have to pay letting fees when renting a new home under a bill introduced to Parliament. The bill will make it illegal for letting agents or landlords to charge a letting fee, and allows for damages of up to $1000. Tenants can be forced to pay – usually a week’s rent […]

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Alpha First Securities claims Investors frustrated by low interest rates are increasingly turning to investments via property mortgages to secure higher income. They have seen a 25% increase in the past six months of investors wanting active investments in the property mortgage field said Alpha First Securities director Olivia Fraser. Two years of tight bank credit means there’s […]

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The median house price for New Zealand rose 6.9% in February to $530,000 up from $496,000 in February 2017, REINZ has reported. REINZ chief executive Bindi Norwell said:“Median house prices increased in 14 out of 16 regions across New Zealand during February 2018 compared to February 2017, including a record high in the Hawke’s Bay. The median […]

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House prices across the country are continuing to rise as low interest rates and easing in LVR restrictions show more first home buyers are active in affordable areas. Nationwide house property values for February have increased 6.5% to an average of $672,645 over the past year and were up 1.2% over the past three months, […]

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