Latest Property Headlines

Acceptance that Auckland is now a buyer’s market has set in as Barfoot & Thompson’s latest data reveals a modest start to the year. Prices in the Auckland region continue to flat line, according to the real estate agency’s January data. Both the average sales price ($927,181) and the median sale price ($827,500) were down […]

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This might be about as busy as the New Zealand construction industry gets, economists say. There were 32,996 new homes consented for in the year to December. The number of consents that went to central government agencies hit a 40-year high. Those departments, including Housing New Zealand, were responsible for 1999 new home consents in […]

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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 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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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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The number of Wellington available rentals have plummeted to a record 70%. Head of Trade Me Property Nigel Jeffries said “We haven’t seen anything like this before, it’s quite unusual,” “It’s a record drop as far as our records go back.” Trade Me’s data shows the number of listings remains around the same, but properties are […]

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Property managers and landlords can access a score assessing a prospective tenant’s potential risk. Tenancy Information New Zealand (TINZ) has launched a Tenancy Risk Score, which ranks individuals and companies from 0 to 1,000. A good score is 600-1,000 and a poor score is 500 or below. The average score across the database is 630. […]

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The voluntary rental warrant of fitness scheme has only had two landlords apply, in the 6 weeks that it has been running. The warrant, contains 63 pass-or-fail questions over 29 criteria to assess whether a house is warm, dry and safe to live in. To gain a warrant of fitness a property must, among other […]

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Investors confident, but expect slower growth Property Investors are expecting slower growth in asset prices and rental income than a year ago, but remain confident in the future of the sector, according to the 2017 ANZ Property Investment Survey. The survey found that only 3% of investors expect asset prices to increase in the 11% […]

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