![How mortgages stack up](/pf/resources/images/placeholders/placeholder_l.png?d=795)
How mortgages stack up
Auckland has the nation's highest rate of homeowners still paying off their mortgages and the lowest proportion who own their home mortgage-free.
Auckland has the nation's highest rate of homeowners still paying off their mortgages and the lowest proportion who own their home mortgage-free.
Million-dollar views on a slim budget have sparked a flood of interest in a luxury apartment on Auckland's waterfront.
In the three years I've lived in New York, I've never owned a lawnmower. Of course I haven't.
The Block NZ favourites Alex and Corban Walls have a secret beachfront holiday home at a Northland paradise and rent it out for up to $1000 a night.
A coastal Northland property purchased for just $9000 in 1974 is commanding a price tag around $1.6 million.
Welcome to Newell St - an otherwise sleepy dead-end road in one of Auckland's hottest city fringe suburbs - median sales price last month: $1.134 million.
The Kiwi dream dies reluctantly. The Prime Minister is no doubt right when he suggests that young people dismayed by the latest rise in house values should look at an apartment for their first step on the ladder.
Single-level Auckland brick-and-tile units are fetching record sums, often double the capital values assessed three years ago.
Rate rises will hit double digits in Auckland's hottest suburbs unless the council takes action on other fronts, says the council's finance boss.
Domestic chimneys will have to be cemented up or blocked in other ways before a house with an open fireplace can be sold under the Auckland Council's planned air-quality bylaw.
Auckland residents may be at risk of a $20,000 fine if they flout the council's planned ban on indoor open fires.
Domestic open fires will be banned from 2016 and old wood burners from 2018 under a plan Auckland Council is drawing up.
Buying a small apartment can be a good first step on the Auckland house ownership ladder, real estate experts say.
A specialist building and construction lawyer has backed a Supreme Court decision on an apartment owner's access to his Auckland block.
A big court case over one of Auckland's most ill-fated apartment tower developments is set down to be heard early next year.
The NY real-estate industry is mobilising to kill a proposed levy on non-resident owners of luxury apartments.
First home buyers in Auckland might have to consider an apartment in order to get onto the property ladder, Prime Minister John Key says. His comments follow the release of new CVs for Auckland, which have soared since 2011, particularly in city-fringe suburbs. There are fears the mostly higher CVs could lead to rates increases well in excess of the 3.7 per cent planned for homeowners by Mayor Len Brown next year.
The latest Auckland property valuations have thrown the spotlight on a fixed charge that can ease the pain for homeowners of expensive properties, but hurt those in cheaper ones.
Coastal real estate continues to lag well behind soaring city prices with latest capital value ratings reflecting slow property market trends.
Figures from the council's 2014 CVs, released today, are a double-edged sword for the city's homeowners. Check out the average increase for every suburb.
Canadian migrant Genevieve Westcott remembers the 20.5 per cent mortgage rates of the 1980s.
New Zealand First leader Winston Peters has condemned the Government's decision to sell state houses just after the election as "an extraordinary exercise in duplicity".
Ex-Labour MP was infamous for his stays in hotels while a minister, but the frequent flying ambassador's crash pad these days is a South Auckland state house.
The Finance Minister says the proceeds from selling state houses are unlikely to be spent on new state houses and may go into the Consolidated Account.
A stunning home overlooking Tauranga Bay in Northland has been featured as the "house of the day" in the Wall Street Journal.
Tainui says it wants to spend "tens of millions of dollars" on buying up state houses as Bill English signals an open market for the country's 68,000 Housing NZ properties.
Fire fighters rank well above lawyers and judges in terms of home ownership rates in the US according to an analysis on census data.
Community housing groups want the Auckland Council to underwrite "housing bonds" worth $30 million to kick start more than 200 new homes for low-income families.
Auckland's next generation will be divided into those whose parents owned a house and offspring of renters doomed to rent themselves, an economist has predicted.