Weekly rents continue to rise
Median weekly rents continued to grow steadily in the 12 months to April, rising 6.3 per cent to a record-equaling $420 per week, says Trade Me Property's figures.
Median weekly rents continued to grow steadily in the 12 months to April, rising 6.3 per cent to a record-equaling $420 per week, says Trade Me Property's figures.
Fran O'Sullivan asks: Why is the Government holding back from stopping cashed-up foreigners from continuing to snap up homes at prices that mainly they can afford?
Most Auckland properties sold within two years of purchase are "do-ups" being renovated by young couples rather than investors, a mortgage broker says.
Westpac could join a mortgage-rate battle after Kiwibank and ANZ slashed their home loan rates.
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.
House-buyers in Sydney are feeling Auckland’s pain, with the sale of a modest three-bedroom house for $2.62 million fuelling speculation of a housing bubble.
Producer input and output prices fell in the first quarter, reflecting lower fuel costs and weakness in prices of meat and dairy products.
Free Primavera 50 Vespa motor scooters and helmets are being given away with six "affordable" Mt Eden one-bedroom apartments, for sale from $430,000.
The number of mortgage holders paying break fees to cash in on near record-low interest rates has jumped, with some homeowners saving thousands from the switch.
Up until a couple of months ago it was possible to use KiwiSaver to buy a first home in Australia but all that changed at the beginning of April.
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.
A retired couple who sold their mansion last year for a record $17m bought a $4m clifftop property down the road which they promptly demolished.
A dilapidated villa that sold for more than $1m despite being 'unlivable' is to be transformed into a sprawling four-bedroom home.
The Auckland residential property boom has developed some of the characteristics of the Dublin bubble a decade ago, writes Brian Gaynor.
Job listings in the design and architecture industry have surged 49 per cent in the past year.
Two-bedroom flat in Auckland sells for nearly $800K as real estate chief urges radical shake-up of deposit rules to take heat out of city's housing market.
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.
The Government's inaction has been given the blessing of the financially blessed, writes Dita De Boni.
Dampening highly geared speculators' appetite for the Auckland cash-box housing market got the thumbs up from many quarters yesterday.
The Reserve Bank has abandoned its one-size-fits-all approach to loan-to-value ratio curbs recognising house price inflation is an Auckland problem.
New lending restrictions to be imposed on Auckland property investors will do little to cool the surging market.
Editorial: The Government continues to insist unaffordable prices are entirely caused by a shortage of houses, but the bank has long recognised that demand has to be tackled too.
Investor association slams Reserve Bank’s bid to rein in Auckland house prices, saying it will push up rents and ruin first home buyers' chances.