Latest Property Headlines

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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More than half a million homes in Auckland are expected to see a jump in value – potentially by as much as 50% – when rating valuations are released next month. The average house price value across the Auckland region has risen 40% since the latest rates valuation (RV) three years ago, and property experts […]

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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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Latest data from the Real Institute of New Zealand (REINZ) New Zealand shows that median residential property prices have increased by 1.2% year-on-year to $525,000. Nationally, excluding Auckland, median prices increased 5.7% year-on-year and Auckland median prices remained flat at $845,000. However, on a month-on-month basis, Auckland’s median price increased by 1.2% or by $10,000. Six […]

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