Tougher lending rules tipped
The Reserve Bank could expand mortgage lending restrictions in an effort to head off the housing boom as it rolls down the country, economists say.
The Reserve Bank could expand mortgage lending restrictions in an effort to head off the housing boom as it rolls down the country, economists say.
Like many new Aucklanders, Bharat Bhushan and Lovely Garg are not emotionally attached to the traditional Kiwi section.
An iwi plans to give 175ha of coastal land to Auckland Council in return for the right to create and sell 58 upmarket housing sites.
Up to one in four property sales in parts of provincial New Zealand are now to Aucklanders, with many buyers forced from the city as prices spiral beyond their means.
China's richest man, Alibaba online shopping founder Jack Ma, says he'd like to buy a home in New Zealand.
An Auckland economist says recent changes to tax and deposit rules didn't dampen the property market - and he expects prices to keep climbing.
First home hunters squeezed out of entry-level Auckland suburbs are being pushed to the far reaches of the city but face massive daily commutes to work.
Cecile Bourgeois, 39, would like to buy a house in Auckland, but experts agree her most realistic option is leaving the city and setting up somewhere else.
COMMENT: The concerning thing is that people are so desperate to get into the market, they are borrowing to the hilt to buy overvalued homes, writes Larry Williams.
Aucklanders are being pushed out of their own housing market and are responsible for one in five house sales in cities including Hamilton, Whangarei and Tauranga.
Gemma Mann and Mike Alsweiler are thinking about leaving Auckland to find a house they can afford, even if it means saying goodbye to their families.
Aucklanders are buying at least 20 per cent of properties in nearby regional main centres, as soaring city prices force house hunters to look elsewhere.
Up to one in four property sales in parts of provincial NZ are now to Aucklanders, with many buyers forced from city as prices spiral beyond their means.
How do Auckland property prices compare with the rest of the world? Andrew Laxon finds it all depends on where you look.
The number of highly paid professionals and managers unable to afford to buy a home in Auckland has almost doubled in just over a decade.
COMMENT: It's easy to assess the value of an asset in a liquid and rising market, but the future liabilities are not so easy to see.
First home buying hopefuls Gemma Mann and Mike Alsweiler faced the grim reality of ever-climbing house prices this evening as they attended their first auction.
Landlords who are forced to sell sometimes find they've gained little or nothing after years of hassle. Sometimes they even end up with a debt to the bank after selling the property.
The Mad Butcher chief executive Michael Morton has swapped one exclusive Auckland address for another.
Auckland house prices are now so expensive that most young first-home buyers cannot afford to buy without help from rich parents, says an expert.
Westpac economist says a resurgent property market means new lending restrictions are likely.
Homeowner who just discovered his Remuera neighbours' plan to demolish their side of duplex they share looks to re-build his own home.
Young people in their early twenties are now the most likely age group to be living in overcrowded conditions.
Muhannad Alwahb fears his house could be irreparably damaged after neighbours were granted consent to demolish their side of their duplex.
A $23 million annual increase in development contributions collected by councils means the Government's reforms have failed, an opposition MP claims.
Another day, another grim finding for Australians trying to get on the property ladder.
Investors are back in a heated Auckland property market and rapidly rising house prices are fuelling the fire.