
RBNZ housing speech sparked action
Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for action on house prices was a catalyst for recent announcements.
Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for action on house prices was a catalyst for recent announcements.
Property tax changes should make it easier to collect tax from foreign investors, say bank economists.
The IRD has released a summary of commonly made mistakes by non-professional property investors.
The new tax rules will do little to cool Auckland's property market, according to John Key. The city needs more houses.
Mark Keating writes: The Government has been arm-twisted by its critics into a tax response to address Auckland property prices.
The Government has surprised the market with a stronger than expected move on property tax, writes Liam Dann.
The Auckland residential property boom has developed some of the characteristics of the Dublin bubble a decade ago, writes Brian Gaynor.
Whatever lies ahead, your best bet is to avoid any position in which you have to sell - mortgagee sale or not, advises Mary Holm.
When Graeme Wheeler introduced the Reserve Bank's new rules for property investment in Auckland, he said that it was only one tool to manage the housing crisis.
Editorial: The Government continues to insist unaffordable prices are entirely caused by a shortage of houses, but the bank has long recognised that demand has to be tackled too.
Investor association slams Reserve Bank’s bid to rein in Auckland house prices, saying it will push up rents and ruin first home buyers' chances.
A second banking chief has denied Auckland has a housing bubble, saying many factors were combining to drive prices up including the city's sheer desirability.
Desperate home-buyers have resorted to sleeping in cars overnight in the hope of securing one of 12 sections when they go up for sale this morning.
Andrew King of the NZ Property Investors Federation outlines the main concerns around housing in Auckland - and clears up some of the facts.
An investment company that failed to build nearly $10m worth of new homes has finally succumbed to creditors' pressure and entered liquidation.
Homeowners look set to enjoy further interest rate cuts, with a broker tipping historic lows within 12 months.
QV's latest figures show the average property value for the Auckland region has now broken into the $800,000s, fuelled by Auckland City-South.
Head-to-head bidders are paying tens of thousands of dollars more at auctions than they would for fixed price homes, new figures reveal.
Amidst the debate around the effects of a capital gains tax on the Auckland property market, TV show 'Our First Home' has proven useful.
Waiheke's biggest landowner has lost a challenge over the zoning on parts of its holdings on the island's eastern tip and on a nearby island.
A three-bedroom North Shore "do-up" has earned its owner nearly $1000 a day - just shy of the salary of a High Court judge - in Auckland's red-hot property market.
The average Auckland home earned nearly $230 a day in the past year - about twice what the average worker made in their job.
The Reserve Bank is considering options to make it harder or more expensive for residential property investors to get bank loans.
Regulatory moves to curb bank lending to residential property investors are a live possibility, says Reserve Bank deputy governor Grant Spencer.
Andrew Little says a speech from the Reserve Bank deputy governor was effectively saying there was a housing crisis – something John Key had refused to accept.
For the first time in a single month, 10 per cent of all properties sold around the country went for more than $1 million.
New mortgages to Australian landlords dropped the most in three years in February, signalling an easing in the speculator demand for housing that had concerned the Reserve Bank of Australia.
Sales prices increased almost 4 per cent since February, taking the average price of a residence in Auckland to an all-time high of $776,729.
Catherine Smith was 25 when she bought her first home in 1982 - a three-bedroom bay-fronted Ponsonby villa for $55,000.