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Latest Property Headlines

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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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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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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Christchurch bucks national trend with a fall in rents

The Government’s Healthy Homes standards have officially been signed off and will become law on July 1. The standards have now been drafted into regulations and approved by Cabinet. Private landlords have just over two years to ensure rental properties meet the standards, which some say could mean tenants will wind up paying more rent. On Monday, […]

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Interest rate cuts have left borrowers “sitting pretty” and that is likely to mean a boost for the housing market, economists say. ANZ and Kiwibank both moved quickly to introduce reductions on their home loan rates by up to 15 basis points.  Westpac cut its floating and one-year rate by 16 basis points. ANZ’s and […]

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Property investors get a bad rap and yet nearly half of New Zealanders believe property is the best way to generate wealth for retirement, according to KiwiWealth’s first State of the Investor Nation survey. The survey looks at New Zealander’s perceptions of wealth and wealth creation. 79% of the 2,101 survey respondents have some form […]

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Who’d be a property investor in 2019? A capital gains tax might be off the table but there are still several changes happening that make it less appealing. Properties will soon have to be brought up to higher standards of insulation, ventilation and heating. Losses on rental properties are now ring-fenced, so they cannot be […]

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A retiring couple need a nest egg of $785,000 to live a “choices” lifestyle in a city, but if they are in regional New Zealand they only need $492,000. Massey University’s annual Retirement Expenditure Guidelines, which are now embedded in many KiwiSaver calculators, shows the estimated nest eggs retirees need to fund the spending gap […]

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The dangers of buying a leasehold apartment have been shown by the sale of an Auckland unit. The two-bedroom apartment, in the Scene Three building on Beach Rd, central Auckland, sold for $65,500 this week and is believed to have had a reserve of $57,500. That would be bad enough in an area with a median […]

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Christchurch hospitality landlord Antony Gough is selling a beachfront block in New Brighton. Gough said he had “his hands full” with his central city projects and thought it was “a good time to sell” as redevelopment of the New Brighton waterfront was now under way. The New Brighton property will be auctioned next month. The […]

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