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Banks relieved as proposal dropped
The major banks are breathing a sigh of relief that the Reserve Bank has decided to drop the 5+ proposal.
The major banks are breathing a sigh of relief that the Reserve Bank has decided to drop the 5+ proposal.
Landlords have hit back at Reserve Bank consultation on their sector, threatening to punish tenants by hiking rents if a tougher lending regime is ushered in.
The Reserve Bank has taken a step closer to treating residential investment properties differently from owner-occupied ones.
A new $300 million 800-unit Albany project, promoted as New Zealand's largest residential apartment development, has just been announced. Martin
Building activity has reached its strongest growth rate in almost 15 years and is up sharply in the latest quarter, but critics say it is still not helping relieve Auckland's housing crisis.
Auckland house values are up by 43.8 per cent on the last boom in 2007 - but a valuer is warning that off-the-plan buyers are not always recovering their money.
The lakeside drive from Queenstown to Glenorchy lives up to its billing as one of New Zealand's most scenic roads - it just gets better at every bend as the north Wakatipu basin reveals....
Investors in property syndicates formerly run by SPI have been told to close ranks to the media.
In the last year, Auckland house prices were up 16 per cent and it is expected pressures will build up house prices even more.
New Zealand's banks had a bumper 2014, with home loan demand amid a booming property market helping to boost their combined profit by more than 20 per cent to a record $4.8 billion.
Australia has tightened the rules on foreign purchases of agricultural land and has reduced the ownership screening threshold to A$15 million from A$252 million.
Mortgage lenders have noticed an upswing in the number of people withdrawing money from KiwiSaver for a first home.
"Negligent" advice from a Tauranga law firm did not cause a Blue Chip investor's $90,000 loss, the Supreme Court has unanimously decided.
Investors in nine property syndicates that have so far lost $25 million say related-party loans and mismanagement may have contributed to their financial woes.
New Zealand shares rose to a new record close yesterday as holidays in Auckland and Australia kept trading volumes light.
A big marketing drive is on to draw more Chinese people to NZ real estate and the businesswoman behind it expects a huge upswing in investment.
A rare big block of Bay of Plenty development land in Ohauti, about 10 minutes' drive south of the Tauranga CBD, is to be auctioned next month.
Residents will next month begin moving in to the new $250 million high-rise SugarTree apartment development between Nelson St and Union St.
Graham Wilkinson's Christchurch-based Retirement Assets is spending $320 million developing and expanding three retirement villages and he is now hunting for further sites.
Auckland house values rose at almost twice the rate of the rest of New Zealand, up 9.8 per cent or $68,309 in the last year.
If investors could be bothered wading through academic research of recent decades on markets and investor behaviour, they'd probably feel like giving investing a wide berth.
A woman who bought an Auckland apartment to get on the property ladder has been left "financially strained" and says the property is now worth about half what she paid for it.
Multimillionaire property investor Peter Cooper helped build the country's most important new heritage structure which opens tomorrow in the Bay of Islands.
Property developers and investors have enjoyed an outstanding year but Kiwi Income Property Trust chief executive Chris Gudgeon could be the star of the bunch.
Pre-sales of the first of 500 to 600 new Wynyard Quarter apartments start in February and the first show-home is being built.