Latest from Residential Property

Housing surge makes Aust rate cut unlikely

Rising home loan approvals are another sign that the Australian housing recovery is in full swing, making another cash rate cut unlikely.

Apartments booming in Auckland

Apartments could be the answer for financially strapped Aucklanders trying to get into the property market as the number of apartment building projects soars.

Spaceship home flies south

Like a spaceship taking off after a quick visit, Raglan's Futuro house is off to a new destination.

Mark Withers: 'Unattainable' bach ownership could be affordable if rented out

It's a time of year when Kiwis traditionally head to the beaches and lakes to enjoy some rest and recreation.

My bach: John Key

When John Key bought his holiday home on Omaha's Success Court 23 years ago, he probably had no idea how apt the street name would turn out to be.

Confessions of an estate agent

Here's what some of those property descriptions sometimes really mean.

For sale: $5.5m home

Leaflet drop seeks homes for Asians

A real estate agency dealing with Asian-based investors is scouring Auckland and the upper North Island for properties to keep up with the demand from buyers.

Watchdog exits with warning

The next big financial disaster to hit New Zealand investors could involve a collapse in house prices or the sharemarket, says departing investment watchdog boss Sean Hughes.

Sweet profit made from lemon

A builder demolished a leaky Onehunga property he bought for $440,000, shifted a 105-year-old worker's cottage on to the site and got $924,500 for the renovated home.

National house prices up again

National house prices rose $17,475 last month to reach a $425k median. But are falling sales numbers a sign that new loan rules are starting to bite? (with new infographic)

Applications for first-home scheme surge

Five new lenders have applied to the Government to offer Welcome Home Loans amid surging numbers using the first-home buyer scheme.

New house loan exemption welcomed

Builders tip rush for new homes

Builders expect a rush of first-home buyers planning to build new houses following the Reserve Bank's announcement they will be exempt from new mortgage lending rules.

Real estate jobs back in hot demand

Interview: Darren Brown, project director of SugarTree

The ground floor of the first block of Auckland apartments to rise since the global financial crisis is due to be poured on Saturday. Darren Brown, project director for the $250 million 615-unit SugarTree between Nelson St and Union St, said the project was the first major residential development in Auckland since the downturn last decade.