Latest Property Headlines

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 majority of New Zealanders believe they need to be saving more for retirement, according to ASB’s latest KiwiSaver survey. ASB’s Q3 2018 survey revealed that almost 60% of respondents believe KiwiSaver should be made a compulsory scheme,  62% believe they need to be saving more for retirement,  21% were comfortable that they did not need […]

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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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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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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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Within 10 years of giving up work most retirees will use up their savings and be reliant on national superannuation, according to new research. The Financial Services Council said the study showed senior New Zealanders were not well updated, and would rely on property and superannuation in retirement. The Council said on average, retirees thought they […]

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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 Reserve Bank’s dropping fairly firm hints that it might be about to start removing the restrictions on high loan to value lending (LVRs), with a decision possibly set to be announced late this month. The LVR restrictions, one of the RBNZ’s ‘macro-prudential’ tools, fall under the gamut of the bank’s financial stability role. The […]

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There is strong demand from both buyers and sellers of New Zealand property with a “surge” in the number of listed properties. The latest Trade Me Property Index shows that the national average asking price was $623,700 in October, an increase of 2.7% This follows five months of little movement and low stock, said head […]

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The Property Institute of New Zealand is warning Auckland home owners against taking too much notice of the new council valuations due out next month, saying that such valuations are a “blunt instrument” and will be a “guesstimate” rather than an accurate indicator of what homes are actually worth. The institute’s chief executive, Ashley Church, […]

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