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Latest Property Headlines

New Zealand property tycoon, Sir Robert Jones, has bought his 18th prime office building in Wellington’s CBD with the purchase of Civic Assurance House for an undisclosed sum Robt. Jones Holdings, owned by Sir Robert, has bought the 10-level, recently strengthened building on Wellington’s premier retail strip at 116 Lambton Quay from Civic Financial Services. RJH was […]

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Problematic rentals, sprawling family homes, overpopulated cities, and inefficient public transport might be left behind. “Everything is going to change,” warns Shamubeel Eaqub, an economist from Sense Partners and author of ‘Generation Rent’. Gone will be the days of four- or five-bedroom houses with three bathrooms sprawled across acres of land. Instead, the future is looking compact. “Demand will really […]

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Sudima Hotels has opened a new $40 million luxury boutique hotel in Christchurch, the first new-build hotel in Christchurch since the earthquakes. Sudima Chrischurch City is a five-star luxury hotel with 86 rooms that comprises of 45 king rooms, 33 twin rooms, six apartments and two executive apartments on the top floor. Located on the corner of Victoria and Salisbury […]

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House prices are being picked to surge next year, underpinned by low mortgage interest rates and recent cancellation of capital gains tax plans. Westpac chief economist Dominick Stephens said he expected nationwide house price inflation to lift from the present 2% to 7% in 2020. While he expected “moderate” price growth in Auckland, there would […]

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More than 14,000 New Zealand homes were flipped within six months of purchase during the last property market boom. That represented less than 3% of total sales, new research by OneRoof shows. National and Labour politicians blamed “flippers” for pushing up house prices, and introduced legislation to crush property speculation. But data published in OneRoof […]

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Economists expect a low official cash rate to give the economy a boost over the coming year. NZIER has released its latest quarterly predictions, in which economists said they expected another cash rate cut in September. The official cash rate (OCR) is currently at 1.5% – a historic low. Principal economist Christina Leung expected the next […]

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House prices may get a shot in the arm from current low interest rates and the government’s decision to scrap any chance of a capital gains tax. Westpac’s chief economist Dominick Stephens says house price inflation could reach 7% over the coming year from 1.3%. Stephens said the dramatic decline in interest rates would be […]

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REINZ welcomes Privacy Commission’s guidelines but warns they may cause confusion When news of the ‘KFC test’ broke last year, the Real Estate Institute of New Zealand (REINZ) immediately called for some consistent standards to be put in place, therefore, broadly speaking, the Institute welcome the announcement from the Office of the Privacy Commissioner (OPC) […]

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Two Christchurch schools have new principals, both starting their roles in July. Christine O’Neill has been named head of Christchurch Girls’ High School, while Joe Eccleton will take the helm at Cashmere High School. O’Neill spent 10 years as head of St Thomas of Canterbury College before becoming an independent consultant for the Ministry of Education […]

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Westpac’s economists have reconfirmed their forecast there will be no more Official Cash Rate (OCR) cuts by the Reserve Bank for the remainder of the year, but expect house price inflation to hit 7% next year. An update by Westpac’s chief economist Dominick Stephens said they believed the Reserve Bank would keep the OCR at […]

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