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Bank eyes curbs on speculators
The Reserve Bank is eyeing measures to discourage speculators from buying multiple houses as it acknowledges its loan-to-value ratio (LVR) restrictions have favoured investors.
The Reserve Bank is eyeing measures to discourage speculators from buying multiple houses as it acknowledges its loan-to-value ratio (LVR) restrictions have favoured investors.
Two of the Takapuna homes featured on the first season of TV3's The Block have increased in value by more than 50 per cent, according to official figures out this week.
A man accused of involvement in a $47 million mortgage fraud eight years ago has finally been charged.
Homeowners feeling flush after learning their newly-released property values are borrowing more from banks to splurge on new cars, boats and home renovations.
First-home buyers took out only 10 per cent by value of mortgages given by New Zealand banks in September.
Heavy demand by homeowners desperate to access details about newly released property revaluations has now brought down the Quotable Value website.
The median weekly cost of renting a house in New Zealand has risen more than six percent on a year ago, according to Trade Me.
Auckland property owners will today find out the new value of their homes when the Auckland Council releases individual capital valuations online.
Labour's leadership contest has turned into a showdown on the party's capital gains tax policy, with Andrew Little and David Parker at loggerheads over its future.
The public will get the chance to look into how the other half - or maybe the other 1 per cent - lives, with a tour through the homes of Auckland's elite in some of the city's swankiest suburbs on November 22.
House values throughout New Zealand rose 1.1pc in the past three months, the slowest rise in two years, according to QV data out.
Auckland land prices have surged, spurring owners to almost double the size of their houses in the past four decades.
New Zealand property prices have reached a new record high according to Trade Me Property.
New Zealand's roaring property market is a tale of two cities - Auckland and Christchurch - while the rest of the country mostly lags well behind.
Young aspiring Auckland house-buyers are not spendthrifts frittering their money on weekend entertainment but victims of an over-priced real estate sector, says an economist.
Twenty-three buildings taller than 200 metres are currently being planned or built in Melbourne, many by Asian developers.
Getting a mortgage is much harder than it was before the global financial crisis. No longer will banks lend willy-nilly.
A bylaw banning open fires and old woodburners in Auckland has been kicked for touch by Auckland council.
Council figures show 116,000 Auckland households are now expected to face a rates increase of more than 10 per cent, under a policy released today.
Young, aspiring Auckland first-home buyers are not saving enough, says a real estate agency boss, encouraging them to lower their expectations and spend less.
'Horrific" rates of nearly $50k a year on land still being grazed by livestock prompted the $37.9m sale of one of Auckland's largest land lots.
Andrew Dickens writes: Much of Auckland was unaware of New Windsor until last week when it was revealed that property prices have shot up 58 per cent in the past three years.
I didn't. I wanted to be a pilot from the age of 4. I used to run out and watch planes from our backyard but at the age of 12 my mum took me to the air force thinking she was doing the right thing.
The Block may be a hit with viewers - but the reality TV show's creators aren't popular with some of the neighbours, with 111 complaints.
A do-up North Shore property with basic facilities, exposed plywood floor panels and an overgrown yard strewn with junk is for sale for $629k - $269k above its CV.