Millionaire landlord: How I got rich
A former $17/hour Auckland storeman who started out with only $4000 cash wants to help you become a multimillionaire.
A former $17/hour Auckland storeman who started out with only $4000 cash wants to help you become a multimillionaire.
New Zealand house prices will rise another 17 per cent before peaking late next year, say economic consultancy Infometrics.
Bay of Plenty first home buyers are being pushed out of the new house market. But why?
COMMENT: Banks robust enough to weather storms, so term deposits still the best bet.
Like their New Zealand neighbours, Australians are being shut out of the property market by soaring house prices, writes Christopher Niesche.
More than $1.5 billion of property has been sold in Tauranga this year with almost 1 in every 5 properties snapped up by Aucklanders.
The Government has wrapped its entire supply-led strategy for dealing with Auckland's housing crisis/challenge into the Auckland Unitary Plan.
Two Auckland real estate agents and their boss are awaiting punishment for their part in two deals where homes were on-sold for huge mark-ups.
Property deals involving two Auckland houses have seen the Real Estate Agents Authority take action.
But all that could change soon with the new lending crackdown, one active buyer says.
COMMENT: Real danger is house prices, not low inflation.
All four big banks are now applying new lending restrictions to home loans - six weeks ahead of the Reserve Bank's official September deadline.
Reaction to ANZ bank chief David Hisco’s comments on the overheated NZ housing market.
COMMENT: If the Government needed another wake-up call it's got one.
More interest rate cuts are on the way, says the Reserve Bank - as prospects for world growth diminish.
A three-bedroom rental for less than $400 per week is becoming a rare find in the wider Auckland area.
A top banker's dire warning about Auckland's house prices shows there is a "complete crisis" in the property market, economist Shamubeel Eaqub says.
A house sold forcibly last year by Auckland Council over unpaid rates has been resold less than a year later for a monster profit of $233,000.
Westpac will no longer accept new loan applications from property investors who have less than a 40 per cent deposit.
Rents are rising fast in regions around Auckland, adding more fuel to the theory that the city's overheated property market is affecting other parts of the country.
New restrictions on bank home lending are leaving the market wide open to the non-bank lenders.
COMMENT: Policy changes are needed to create houses that are truly affordable before this generation permanently become "generation rent".
COMMENT: Investors have become scapegoats to divert attention from a council that is expensive to do business with and has lacked proactive policies.
Making investors stump up a deposit of nearly $400,000 for the average Auckland home is expected to dampen house price inflation by up to 5 per cent.
One of the more basic properties in Papakura is probably now also one of the cheapest.
Rents will go up if property investors nationwide are forced to stump-up a 40 per cent deposit, an investors' lobby group says.
Tough new rules on borrowing for investment properties have been outlined by the Reserve Bank - with banks told to take immediate action.
Labour and the Greens say the new lending rules won't be enough to slow rapid property price hikes.
Watch NZ Herald Focus: Liam Dann says the Reserve Bank will be criticised as a blunt and unwieldy weapon - but there's a need for action.
A real estate agent took a photo of a document - which revealed an offer price for a property - when a lawyer left the room.