![Property investors facing rate risk](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Property investors facing rate risk
The housing market nationwide is delivering about the rate of capital gain an investor would need to justify buying an average house, says Westpac chief economist Dominick Stephens.
The housing market nationwide is delivering about the rate of capital gain an investor would need to justify buying an average house, says Westpac chief economist Dominick Stephens.
Andrew King writes: A recent report showed that Generation Y - those under 28 - were increasingly becoming property orphans and spending their money on travel and shopping.
The pace of property price increases has eased nationwide, as higher interest rates and lending restrictions take effect. Everywhere, that is, except Auckland.
Waterfront Auckland has defended its Wynyard Quarter leasehold deal where apartment owners can pre-pay ground rent for 125 years.
New Zealand's biggest residential repair job is nearly finished, with Fletcher Earthquake Recovery completing most of the Christchurch housing repair backlog.
The general election failed to dent September house sale volumes which rose nearly 8 per cent last month.
Owners of the run-down Auckland villa that fetched a whopping $1million-plus price-tag spent the week avoiding the media.
An exclusive seaside mansion at the centre of a bitter family feud will be auctioned next month.
An Auckland villa has increased in value by $1.1million in just two years - further evidence of a super-heated property market showing no signs of slowing.
The lawyer of woman who defended Cornwall Park Trust Board’s $170k lawsuit over back rent suspects her opponents may appeal.
A potential health hazard that comes complete with rotting floorboards and nicotine-caked walls sold for $1.075 million this afternoon.
Home ownership, once an integral part of the Kiwi dream, is one of the hottest topics right now.
Prime Minister John Key has split housing issues across three ministers as National speeds up its shift toward developing social housing by private providers and reducing reliance on state....
First-home buyers looking to make the next step up the ladder could struggle - despite making huge gains in value on their property.
Property values rose 6.4 per cent nationwide in September, slowing from an annual pace of 6.9 per cent in August, according to QV.
Is six storeys the new height for apartment buildings in zones approved for four storeys?
It's a potential health hazard that comes complete with rotting floorboards, nicotine-caked walls and the worst bathroom the agent's ever seen: Auckland's $1m hovel.
A British hedge fund founder is believed to have paid a New Zealand record price for an apartment, buying a sprawling 930sq m luxury Auckland penthouse for close to $8 million.
An uncomfortable silence falls over the auction room floor. The auctioneer scans the sea of faces urgently for a raised eyebrow that could signal an opening bid.
Owning your own home is the "Kiwi dream" but it's becoming out of reach for a lot of people. But fear not, here's ten reasons why you might prefer to stay renting.
Westpac has changed its business model after discovering landlords are on the rise with their share of house sales up from 37 per cent a year ago to 42 per cent last month.
Aucklanders flocked to open homes on Sunday, surer of their spending power post-election, and industry bosses are expecting sales to recover with spring now here.
Aucklanders reportedly flocked to open homes on Sunday, surer of their spending power post-election.
The lack of available housing in Sydney will take up to five years to correct, according to one of Australia's largest property developers.
Landlords are warning tenants to expect rent increases of 4-5 per cent as rising interest rates start to bite.
The market for small low-cost houses by commercial group builders is gathering pace, as cash-strapped Aucklanders squeeze in and up.
Auckland councillor Chris Darby says architecture at the 282-residence 16ha Waimahia Inlet special housing area left him cold and buyers were put off.
Once considered the country's most expensive penthouse, which played host to America's Next Top Model and has the nation's highest swimming pool, is back on the market.