Latest from Residential Property

Big do-up for pension flats
A set of four run-down pensioner flats have been spruced up in a $350,000 renovation which is expected to attract first-home buyers.

Agent guilty over $47k fee
A real estate agent who left a vendor liable for a second commission while pocketing a $47,500 fee from a buyer has been found guilty of misconduct.

Scrap over Waiheke zoning
Waiheke's biggest landowner is challenging zoning classifications on parts of its holdings on the island's eastern tip in the Stony Batter Historic Reserve war fortifications vicinity.

TV do-ups unlikely to reach $1m
Three houses being renovated on TV One's Our First Home won't go anywhere near the $1 million mark each when they are auctioned next month, an investment expert believes.

Pad with litigious history for sale
One of Auckland's most spectacular penthouses - but one with a litigious history - is for sale 16 months after the luxury pad was last bought, fetching $4.7 million.

Owners join leaky home class action
Facing huge bills to fix their leaky houses, more homeowners have joined the new $100 million-plus leaky home class action.

Govt targets cost of building consents
Councils may soon face private sector competition for issuing building consents again, as part of a Government drive to make housing more affordable.

2 beds, 21 offers, one big sale
A two-bedroom entry-level home in Mt Wellington drew an unprecedented 21 offers as desperate first-home buyers battle to break into Auckland's heated property market.

Rents rise again in February
Auckland rental real estate remains NZ's most expensive but the tight Christchurch situation appears to be improving as more places come on the market.

Huge savings with mortgage deals
Shopping around for a mortgage could save New Zealanders up to $28,500 over the lifetime of a loan, according to a new survey of home lending.

US home construction slumps as bad weather holds back builders
Housing starts plummeted in February as plunging temperatures and snow became the latest hurdles for an industry struggling to recover.

Leaky home victim takes class action
Gay Johnson spent $600,000 fixing her leaking Castor Bay house so she joined a new $100 million legal action to fight for compensation.

McKenna helps Housing NZ
Former high-flying multibillion-dollar developer Nigel McKenna is working on Auckland's big state house overhaul.

Bernard Hickey: Auckland property - the kindest cuts to come
Politicians have looked at Reserve Bank Governor Graeme Wheeler as if he was a potential arsonist in the Auckland housing market, writes Bernard Hickey.

Mary Holm: Provincial town trends can change
Selling up to rent could leave you high and dry if prices firm and you want to get back into the market, writes Mary Holm.

Barrier's 'makeshift surgeon' selling up
Jim Cleland has performed makeshift surgery on his Great Barrier Island dining room table, but now it's time to sell the $2m holiday home.

Auckland's real estate fail
If you judged by house price growth alone you would think Auckland is the best performing region in NZ economically. But not by a long chalk.

Property sales surge in February
More properties were sold last month than during any February since the last property boom of 2007, latest figures from the REINZ show.

Bach owners face rental tax
About 1400 private bach owners on the Coromandel face being stung with a new council charge if their properties are rented out as short-term holiday accommodation.

Mark Lister: Reserve Bank in tight spot on house hikes
Despite it being only March, we've already seen 17 central banks around the world reduce interest rates this year.

Bella Casa: Luxury in Remuera
Bella Casa, one of Remuera's most luxurious mansions, could set a new record for the suburb this year if it sells for $15 million to $20 million.

Auckland's economy booming
Auckland's economy is expanding quickly with strong immigration, employment, wage growth and tourist arrivals.

Property report: Mangere Bridge - Southern attraction
Fun lifestyle, location and community feel sell this suburb, says Graham Hepburn.

Property report: Otahuhu may be the next Ponsonby
Otahuhu is much like the Ponsonby of old and offers stand-alone character homes on good size sections with a colourful and character filled main street.

Property report: Industry experts have their say
Experts from the industry have their say about the property market.

Buyers, lenders hold breath
The Reserve Bank is considering tighter mortgage lending restrictions, and could impose them within months, reports Tony Verdon.

Property report: Arch Hill - Quaint enclave of value
Turn-of-the-century workingman's cottages offer charm in the shadow of the city, writes Graham Hepburn.

Property report: Room for landlords to move
Statistics indicate that the disparity between rents and house prices means the upward price spiral may still have a long way to go.