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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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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Infrastructure New Zealand have prepared a proposal investigating the build of a new Auckland satellite city around Paerata, north of Pukehohe. Property Institute of New Zealand chief executive, Ashley Church, is “applauding” the suggestion, saying it represents “the sort of big picture thinking that will ultimately resolve the Auckland Housing crisis”. Housing Minister Phil Twyford […]

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Reserve Bank governor Graeme Wheeler has outlined the criteria for removing loan-to-value ratio restrictions, suggesting that they be removed in stages. In his last major speech as central bank governor, Wheeler hinted an eventual roll back LVRs following calls from real estate lobby groups and a comment from prime minister Bill English suggesting a need for time […]

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Chinese-owned Changda International Development’s $700m Pacific Gardens project will see more than 1100 houses built on a 9.4 hectare site beside the Vodafone Events Centre in Manukau, Auckland. Expected to take up to seven years to complete with a price tag of less than $400,000 to more than $1 million, ranging in size from one- to […]

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Labour has proposed to build 1000 affordable houses in Queenstown over the next decade as part of its KiwiBuild policy to build and on-sell 100,000 homes over the next 10 years. “These will be good, modern starter homes, sold at cost to first home buyers. Three-bedroom homes in terraced housing will cost $500,000 with smaller houses […]

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Chief Executive of First National Real Estate Bob Brereton believes  an Americas Cup win would be a catalyst for significant new development and would also bring forward deferred projects. It would lead to a large and continuous period of development on the Auckland waterfront and believes that the city would move quickly to gear up accommodation […]

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Two years after buying the Cranmer Courts site a team of New Zealand & Chinese business men lead by former Christchurch mayor Sir Bob Parker have unveiled their plans for a $75m luxury apartment complex. • Homes will be ranging from $965,000 to $3.75 million. • The development will include 39 apartments and 7 penthouses opposite Cranmer Square on the Montreal-Kilmore […]

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Property Institute of New Zealand Chief Executive Ashley Church, has issued a second warning that the introduction of ‘debt-to-income’ limits on mortgage lending has the potential to do significant damage to the Auckland housing market, and the wider New Zealand economy, if the Government gives the Reserve Bank the power to impose them. • It […]

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