Property: Rich and poor at the same time?
In a raging property market, it's possible to have a million-dollar home and no cash, writes Joanna Mathers.
In a raging property market, it's possible to have a million-dollar home and no cash, writes Joanna Mathers.
ANZ, Westpac, Kiwibank and BNZ have now cut mortgage rates after the Reserve Bank reduced the OCR to a record low of 2.5 per cent.
More than 11 new retirement villages will need to be built annually to cater for our aging population.
A $50 million-plus housing project at Albany identified as the site of a shoddy-building video has been issued with four notices by Auckland Council to fix work.
Auckland's property market showed signs of slowing last month, with a 7.7 per cent fall in sales and new listings dropping by a similar amount.
INTERACTIVE: Confidential maps show a big squeeze in some of Auckland's poshest and poorest streets.
Economists at Westpac and ASB forecast a drop in the OCR to 2 per cent next year.
Just imagine if someone told you the ratepayers of Auckland and the taxpayers of New Zealand were giving billions of dollars to the wealthiest property owners.
Twenty years ago they bought a 4ha lifestyle block in Whenuapai's Brigham Creek Rd for $285,000. This month they sold it for $7 million.
A new housing ventilation scheme aims to improve the state of housing for rental properties.
Saddling yourself with debt for poor gross yield is dopey, says expert.
Auckland's biggest real estate agency says median house prices dropped 1.3 per cent last month and its chief also acknowledged auction clearance rates had "slowed".
The head of one of Auckland's largest body corporate managers wants those in charge to be regulated but holds little hope of change.
Westpac New Zealand expects Auckland's heated housing market to cool following regulatory changes.
The Government has set its sights on New Zealand cities' urban planning rules as part of its drive to improve housing affordability.
From November 1, people borrowing to buy a residential investment property in Auckland will need at least a 30 per cent deposit, the Reserve Bank has decreed.
Official cash rate to remain at 2.75 per cent but bank worried about effects of China slowdown.
Auckland residential rents have risen by an average of $2000 over the last year - a 9 per cent hike.
Interests associated with marina investor and developer Simon Herbert have bought Auckland's Pine Harbour Marina for $22 million.
$50 million-plus housing project in Auckland has been identified by a property investor as the site of shoddy building.
Auckland property market rebounds, with average prices jumping from $821,079 in August to $836,275 last month.
Moves to take the heat out of the Auckland housing market appear to be having an effect.
Falling interest rates and static prices is making Auckland housing more affordable, say Massey University lecturers.
My town actually went backwards in the last QV figures, with one real estate company listing a solid three-bedroom home for $45,000, writes Mark Ebrey.
If an investment fund started buying up NZ dairy farms and dairy factories and wanted to staff them with workers imported from low wage countries this should ring alarm bells, writes Peter Lyons.
Evidence of a cooling in the Auckland property market is growing - but there's plenty of reasons to think there may be life left in the boom yet.
Auction clearance rates have dropped and attendance rates are down as soaring prices flatten out.
I am in KiwiSaver and have decided to pump funds into it until I buy my first home at about 65.