'Debt-to-income cap idea a disaster'
Reserve Bank debt-to-income caps would be disastrous for house buyers and the residential and building sector, says a real estate chief.
Reserve Bank debt-to-income caps would be disastrous for house buyers and the residential and building sector, says a real estate chief.
The Government will not be throwing money at housing initiatives in the Budget, Prime Minister John Key says.
Whatever the source of the demand for Auckland houses, it will remain insatiable if the Government pretends it is purely a problem of supply.
Real estate commissions and fees levied on Kiwi homeowners have increased at nearly twice the rate of inflation in the past decade.
Everyone who cares about the future of the economy, interest rates and house prices needs to circle two dates in their calendars this year.
More than three weeks after tenders closed on the sprawling Coatesville mansion, not a single offer has been tabled.
Home buyers are turning their backs on traditional suburban villas, sparking a boom in apartment living.
The Government says it will not rule out new restrictions on house-buying which are tied to a buyer's income.
Property prices dipped one per cent across New Zealand in April - but are up 7.7pc compared to the year before.
COMMENT: That the battle to preserve the volcanic cones viewshafts in Auckland rages on highlights just how bad we are at protecting our heritage.
The Auckland iwi have released a behind the scenes video showing its new housing estate.
Experts and politicians are skeptical about the new data on foreign buying in New Zealand; one reader shows how the system can be beat.
The number of people expecting price gains in the housing market is more than 50% in the first quarter, according to ASB's Housing Confidence Survey.
A property lobby group says it hopes the release of foreign house-buyer figures will remove "xenophobia" from the heated housing-market debate.
Nearly 60 per cent of Auckland houses sold to foreign buyers went to Chinese investors, new data shows.
An older-style and largely original three-bedroom bungalow overlooking the Titirangi Golf Course has sold under the hammer for $2 million.
Rampant speculators are cashing in big on Auckland's property market, with one house sold five times in just nine months.
A strip of coastal pohutukawa forest has been "devastated" along a Takapuna beach clifftop, on and adjacent to land belonging to a Rich List developer.
Aucklanders appear to be being short-changed when it comes to accessing a Government subsidy aimed at helping first home-buyers.
A 16 per cent drop in the Bank of New Zealand's net profit after tax was due mainly to lower gains on financial instruments, affected
An Aucklander who came up with a creative solution to skyrocketing house prices has been so far unsuccessful in search for a financial backer to fund the dream.
A "frightening" number of people are racing to buy Auckland homes without doing proper due diligence, a property expert says.
COMMENT: No wonder our parliamentarians devote so little time to confronting Auckland's housing crisis. They're too busy investing.
A NZ-born Chinese teenager has blasted the attitudes of some Kiwis towards her, saying they see her as "just another foreigner" here to buy their houses.