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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Investor interest has returned to the Auckland property market according to a new survey by property management company Crockers. A monthly survey found that the percentage of investors looking to reduce the size of their holdings had declined dramatically whilst the number seeking to increase their portfolios increased. 26% of respondents said they were looking […]

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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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