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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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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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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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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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Due to the earthquakes Christchurch isn’t operating on the same property cycle as the rest of the country, so while many markets have hit their peak, the Christchurch market is on a unique trajectory. It’s an important distinction to make, says Braziers Property Management’s Tony Brazier, because if investors are investing cyclically, they need to […]

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Property investment is probably the closest anyone can get to a legitimate “get rich quick” scheme. There are risks, of course. It’s the main way that most New Zealanders get from “average” to “pretty well-off, thanks for asking”. Of the top 20 people on New Zealand’s rich list, almost half built their wealth through property […]

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Private Landlords have been given just over two years to ensure rental properties meet the Government’s healthy home standards but it could mean tenants will wind up paying more rent. Private landlords have until July 1, 2021 to ensure rental properties comply with the standards, while Housing NZ and other social housing providers have another two years. Housing […]

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Final recommendations from the Tax Working Group will be out on Thursday and industry groups, lobbyists, iwi authorities, financial experts and institutions are gearing up to react. The group, chaired by former finance minister Sir Michael Cullen, released an interim report last year which said it had “identified a list of asset classes that are not already subject to […]

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