Latest Property Headlines

The AA has launched a new tradie callout service called AA Home, which will send home help to fix burst pipes, blocked toilets or electrical failures at any hour of the day and will aim to get a qualified tradesperson to domestic emergencies within an hour. AA membership and brand general manager Dougal Swift said […]

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Investor interest has returned to the Auckland property market according to a new survey by property management company Crockers. A monthly survey found that the percentage of investors looking to reduce the size of their holdings had declined dramatically whilst the number seeking to increase their portfolios increased. 26% of respondents said they were looking […]

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Demand for homes is forecasted to be 3.5 times greater than supply in the next 12 months. The gap between those who say are will “definitely sell” dwellings and those who will “definitely buy” is the largest since tracking started in October 2010 in Horizon Research market forecasting for Property Press. 2.5% of home owners say they […]

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Bank startup Xinja has received an Australian Credit Licence from ASIC and plans to offer home loans in the next few months. The startup is promising approved loans in around 20 minutes through technology. Xinja said that the licence is a significant step forward as it tries to build Australia’s first independent, 100% digital bank. […]

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In a report Stats NZ looks at Canterbury’s rebuild seven years since the earthquake. Tens of thousands of new homes have been consented in Canterbury since the 22 February 2011 earthquakes, Stats NZ said today. Canterbury’s building costs and rents have risen faster than in other parts of the country. In the seven years to […]

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The Government is planning to bring together the finance community with people representing development and construction interests to figure out a plan to solve New Zealand’s infrastructure financing problems. Minister of Housing Phil Twyford says the event will be going ahead “within the next couple of months.” Twyford said lack of access to capital is “crippling the […]

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The amount of time for which investment properties must be held before their owners can avoid capital gains tax is being extending from two years to five  – despite that it could be bad news for renters. Revenue Minister Stuart Nash said reducing speculative demand would help to improve affordability for owner-occupiers. But in an impact assessment, […]

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Research from the Real Estate Authority (REA) has confirmed property transactions can be high-pressure and extremely stressful. More than 50% of New Zealanders say they lack the knowledge and information they need when trying to buy and sell property The REA-commissioned Nielsen survey found that many people thought property transactions were confusing and that it was […]

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Latest data from QV shows that the housing market has made a strong start to the year and is likely to gradually get stronger over the next 12 months. House price growth remained steady at 6.4% in the year ended January, with a national average price of $671,500. Prices in Auckland grew at their strongest […]

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Borrowers need to brace themselves for the risk of a sharp rise in interest rates, with recent sharemarket turmoil a “warning sign” of volatility to come. The Reserve Bank has again signalled that it expects the official cash rate (OCR) to stay at the current record low of 1.75% for more than another year as inflation stays […]

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