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Home values rise at fastest pace in year
QV's latest figures show NZ house values have risen at the fastest pace in 15 months.
QV's latest figures show NZ house values have risen at the fastest pace in 15 months.
Goodman Property Trust, the country's second-biggest listed property investor, has ratcheted up development plans with four new industrial projects in Auckland worth $45.8 million.
With annual price growth at 13.9 per cent, it is no surprise Auckland is increasingly dominant in lifting the country's overall growth rate, writes Geoff Barnett.
Surging Auckland house prices would put New Zealand's lenders at risk if there was a significant downturn.
House prices in Sydney rose 15 per cent in May from a year earlier, prompting a warning of a price bubble in Australia's biggest city.
An Auckland student who became a homeowner at just 22-years-old is not a fair representation of all students, says the national students' association.
While thousands of Aucklanders despair at their chances of owning a house, a determined 22-year-old student is proof it can be done.
Surplus Crown land at Manukau, Avondale, Massey East and Hobsonville are set to be offered up to private development companies.
The agent says the price demonstrates the fierce competition among investors and developers for properties with subdividable sections.
Housing Minister Nick Smith says thousands of new homes will be built as part of a planned affordable housing development on vacant Crown land.
As property prices in the area escalate by around $1000 a day, agent says owners of the brand-new $1.14m house have simply "changed their minds".
Today's Budget will unveil details of Government plans to partner with private developers to build affordable houses on Crown-owned land in Auckland.
Data released by REINZ - median national sale prices - does support the Prime Minister’s statement that house prices rose during the previous Labour government.
Nearly one in five Auckland homes are sold within two years of being purchased, the Government has been told by officials.
ANZ and KiwiBank have cut their mortgage rates as speculation grows the Reserve Bank will cut the OCR.
Head of Auckland's biggest new housing precinct says people looking for short-term fix aren't welcome.
Moves to crackdown on property speculators have been welcomed as a step in the right direction by market commentators but one analyst says the changes may be too little too late.
Thursday's Budget will be judged just as much by what is missing from the document as by what it actually contains.
The Government's property speculator tax crackdown will lead to large-scale real estate dumping before its October 1 start and widespread evasion and avoidance, experts say.
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.
Head of Auckland's biggest real estate company wants urges $500k deposit for homes worth over $1.5 million and ditching LVR for homes under $500k.