Latest Property Headlines

The Government is planning to bring together the finance community with people representing development and construction interests to figure out a plan to solve New Zealand’s infrastructure financing problems. Minister of Housing Phil Twyford says the event will be going ahead “within the next couple of months.” Twyford said lack of access to capital is “crippling the […]

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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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Borrowers need to brace themselves for the risk of a sharp rise in interest rates, with recent sharemarket turmoil a “warning sign” of volatility to come. The Reserve Bank has again signalled that it expects the official cash rate (OCR) to stay at the current record low of 1.75% for more than another year as inflation stays […]

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The proposed anti-foreign house-buyer ban here has gone much further than Australia, prohibiting non-residents from not only buying an existing house but also building a house or buying a property off the plans without consent, a top lawyer says. Even if consent was granted, foreigners would need to sell property here within a year said Auckland […]

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Property Institute chief executive Ashley Church expects housing rents to increase rapidly in the next two years – an issue which will overtake high house prices as a far larger problem. “The cost of renting will continue to rise and this will replace the cost of housing as the number one housing issue in 2018,” he […]

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The 90-day trial will go and meal breaks will return for most Kiwi employees under changes to the employment law brought in by the new Government. The Government will ban 90-day trial periods for any business with more than 19 employees as part of the overhaul. The controversial fire-at-will scheme, introduced by the last government, gave employers the […]

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Tauranga has outranked Auckland to be New Zealand’s most unaffordable city, where residents can expect to fork out 8.8 times their annual household income to buy a home. Demographia’s 14th International Housing and Affordability Survey showed Auckland was slightly more affordable than it had been in previous years, moving from the world’s fourth most unaffordable city to the ninth on […]

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The Reserve Bank will release its Financial Stability Report tomorrow which should signal the Reserve Bank’s intentions for the LVR restrictions it put in place in 2013 to try to ease the Auckland property market. Finance Minister Grant Robertson said there had been some softening in the property market but there were still underlying issues […]

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The latest market update from CoreLogic suggests that New Zealand is starting to get a good feel for the likely changes to the property market, after the announcement of a new government. CoreLogic head of research Nick Goodall said the government has been clever in using the Overseas Investment Act to restrict foreign citizens from buying […]

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Predicted housing crashes around the world have not eventuated, despite fears of sudden price corrections. Barfoot and Thompson director, Peter Thompson attended an overseas real estate symposium, with 160 delegates from 22 countries. It was said that they’re not expecting any property collapses, even as prices keep rising. “The sales crash prices that many media […]

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