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Latest Property Headlines

Sudima Hotels has opened a new $40 million luxury boutique hotel in Christchurch, the first new-build hotel in Christchurch since the earthquakes. Sudima Chrischurch City is a five-star luxury hotel with 86 rooms that comprises of 45 king rooms, 33 twin rooms, six apartments and two executive apartments on the top floor. Located on the corner of Victoria and Salisbury […]

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House prices are being picked to surge next year, underpinned by low mortgage interest rates and recent cancellation of capital gains tax plans. Westpac chief economist Dominick Stephens said he expected nationwide house price inflation to lift from the present 2% to 7% in 2020. While he expected “moderate” price growth in Auckland, there would […]

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More than 14,000 New Zealand homes were flipped within six months of purchase during the last property market boom. That represented less than 3% of total sales, new research by OneRoof shows. National and Labour politicians blamed “flippers” for pushing up house prices, and introduced legislation to crush property speculation. But data published in OneRoof […]

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Property investors get a bad rap and yet nearly half of New Zealanders believe property is the best way to generate wealth for retirement, according to KiwiWealth’s first State of the Investor Nation survey. The survey looks at New Zealander’s perceptions of wealth and wealth creation. 79% of the 2,101 survey respondents have some form […]

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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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New Zealand’s house prices are among the most unaffordable in the world, a new survey shows. The Demographia International Housing Affordability Survey rates housing affordability using the “median multiple”, a measure of median house price divided by median household income. Authors Wendell Cox and Hugh Pavletich ranks as affordable cities where the median price is […]

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New Zealand’s population is forecast to reach five million this year. Currently the population is sitting close to 4,934,000 Stats NZ website shows the population has been steadily climbing since the early 1990s, and this isn’t changing anytime soon. New Zealand’s population increases by one person every five minutes and 26 seconds, based on births, […]

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Wellington rents up 9.8pc, Auckland up 3pc, Christchurch down

Winston Peters has admitted that terminating letting fees may lead to “temporary rent rises” during Question Time in Parliament today. Mr Peters was answering on behalf of Jacinda Ardern when National Party leader Simon Bridges raised the issue. Mr Peters then admitted that rent rises may occur due to the policy, but said tackling housing […]

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The Government could raise billions of dollars by taxing more profits from the sale of property and shares. What sort of things might be newly taxed? Probably profits from the sale of land, shares, investment property, baches, businesses and intellectual property, and possibly almost any other assets that could appreciate in value and that don’t fall under the existing tax net. What about the family home? The Government […]

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