Latest Property Headlines

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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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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