Heartache of mortgagee sales
Real estate agent Cherry Killgour has been handling mortgagee sales for years and knows all too well the damaging effect losing a home can have on families.
Real estate agent Cherry Killgour has been handling mortgagee sales for years and knows all too well the damaging effect losing a home can have on families.
Banks foreclosed on more than 700 properties in the last year when financially strapped homeowners could no longer afford repayments.
Moves to slow Auckland’s housing bubble are likely to spark a prov¬incial real estate boom, property experts say.
Most mornings I listen to Morning Report on Radio New Zealand. Of late they have taken to torturing me with nonsense about house prices in Auckland.
Moves to free up 500ha of state-owned land to help counter spiralling Auckland house prices are being welcomed by commentators.
ASB has followed the lead of ANZ and Kiwibank and slashed its fixed mortgage rates.
Housing Minister Nick Smith says thousands of new homes will be built as part of a planned affordable housing development on vacant Crown land.
We might never see a CGT in this country, which could well be a good thing given the compromises that would likely be part of its introduction, writes Mark Lister.
As property prices in the area escalate by around $1000 a day, agent says owners of the brand-new $1.14m house have simply "changed their minds".
The Malhotra family in Auckland were still hunting for their first dream home when last year's Budget was announced.
Today's Budget will unveil details of Government plans to partner with private developers to build affordable houses on Crown-owned land in Auckland.
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.
Thursday's Budget will be judged just as much by what is missing from the document as by what it actually contains.
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.
Moves to crackdown on property speculators have been welcomed as a step in the right direction by market commentators but one analyst says the changes may be too little too late.
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.
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.
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.
Real estate companies are cracking down on money laundering after buyers tried to purchase homes with cash deposits worth hundreds of thousands.