fbpx

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 […]

Continue reading

Economists expect a low official cash rate to give the economy a boost over the coming year. NZIER has released its latest quarterly predictions, in which economists said they expected another cash rate cut in September. The official cash rate (OCR) is currently at 1.5% – a historic low. Principal economist Christina Leung expected the next […]

Continue reading

Two Christchurch schools have new principals, both starting their roles in July. Christine O’Neill has been named head of Christchurch Girls’ High School, while Joe Eccleton will take the helm at Cashmere High School. O’Neill spent 10 years as head of St Thomas of Canterbury College before becoming an independent consultant for the Ministry of Education […]

Continue reading

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 […]

Continue reading
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, […]

Continue reading

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 […]

Continue reading

New Zealand annual house price growth accelerated to 2.7% in April from 2.5% in March,  still however down from the 7.6%  in April 2018, according to Quotable Value figures. A number of regions are registering double-digit annual growth in property values. Kawerau posted the biggest annual increase of 23.3 percent, albeit at a lower base […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading