Latest Property Headlines

Bank startup Xinja has received an Australian Credit Licence from ASIC and plans to offer home loans in the next few months. The startup is promising approved loans in around 20 minutes through technology. Xinja said that the licence is a significant step forward as it tries to build Australia’s first independent, 100% digital bank. […]

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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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The amount of time for which investment properties must be held before their owners can avoid capital gains tax is being extending from two years to five  – despite that it could be bad news for renters. Revenue Minister Stuart Nash said reducing speculative demand would help to improve affordability for owner-occupiers. But in an impact assessment, […]

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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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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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The number of Wellington available rentals have plummeted to a record 70%. Head of Trade Me Property Nigel Jeffries said “We haven’t seen anything like this before, it’s quite unusual,” “It’s a record drop as far as our records go back.” Trade Me’s data shows the number of listings remains around the same, but properties are […]

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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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