Latest fromResidential Property

Tiny bungalow's tidy profit
An Auckland couple's wise investment in a massive piece of prime city land has provided a windfall for their family 61 years later.

How high can we go?
Property valuer Quotable Value said this week house prices should keep rising for a further 15 months.

Race to beat loan deadline
Young people are making mortgage inquiries at a record rate to beat home-loan restrictions which begin on October 1, a credit bureau says.

Warning over trust disputes
Legal disputes over property held in trusts after relationships break up will "go through the roof" if the Government picks up Law Commission recommendations, a leading trusts lawyer has warned.

Deal paves way for building of homes
Auckland's first special housing areas earmarked for fast-tracked residential developments could be announced this month.

UK house hunters fuel NZ market
First-home buyers priced out of the British market are increasingly looking to buy property in New Zealand, research shows.

Tight supply pushes house prices higher
Auckland house prices are still rising fast, as the Reserve Bank's loan-to-value ratio moves are about to be introduced next month.

Herald Business: What’s happening in the property market?
What’s happening in the property market? Real estate commentator and properazzi website founder Alistair Helm talks to Chris Daniels about spring, new home loan rules and some of the issues around choosing to sell a property by auction.

Kiwibank hikes mortgage rates
Kiwibank has hiked two of its fixed mortgage rates for people who have deposits of less than 20 per cent.

Divisions run deep among tower dwellers
Metropolis apartment owners were at one another's throats on the eve of today's crucial meeting to decide the central Auckland tower's fate.

Elderly battle $17m rates bill
An elderly Mangawhai couple who spent their funeral money to be connected to the town's new sewerage system were yesterday among residents fighting legislation that would force them to pay $17 million rates.

Auckland house prices flat in August
Is the pressure easing on the Auckland housing market? One economist thinks so, after the latest stats showed a largely flat property market.

Outlook for NZ banks stable, says Moody's
The outlook for New Zealand's banks is stable but a housing bubble triggered by a low interest rate lending boom remains a key credit risk, according to Moody's.

Mayor tones down intensity plans
The Auckland Council is scaling back intensification plans for the city weeks before October's local body elections.

Tower discord to be thrashed out
Residents of the country's tallest apartment tower are due to meet at the end of this week to discuss issues which have dogged their property.

Low deposit cap could open up market
The boss of an Australian non-bank mortgage lender says the pending cap on low deposit bank lending could be a catalyst for opening up the market to non-bank lenders.

Rush on for loan approval
Prospective home buyers have been rushing to get pre-approval for loans with less than a 20 per cent deposit before new regulations are brought in.

Do-up dream slips from buyer
Jason Rathgen is getting desperate - he sought pre-approval for a loan with a deposit of less than 20 per cent.

Councillors set to reject density rules
A controversial proposal to allow developers to build unlimited density housing in much of suburban Auckland is set to be rejected by Auckland councillors this week.

Finance firm boost tipped
Finance companies could make a comeback in the wake of the Reserve Bank's clampdown on low deposit lending by banks.

Cup of water on NZ's red-hot property market
Experts say tighter mortgage lending rules will only a partially ease house prices, writes Jamie Gray.

Hot house market's a bonus for show
The four homes made famous by The Block last year could be worth 10 per cent more than what they sold for in today's skyrocketing market, says a real estate agent who marketed one of the properties.

Exemptions lift home chances
The widespread assumption that most first home buyers will be shut out of the housing market by the Reserve Bank's curbs on low-deposit home loans may be too swift.

Brian Fallow: Wheeler batting on sticky wicket
Now that we know what the Reserve Bank is doing by way of curbs on low-deposit mortgage lending the question is whether it will work, writes Brian Fallow.

Banks to 'cherry pick' loans
New loan restrictions mean the "poor middle-class" hoping to buy their first home will be left out in the cold as banks cherry pick their ideal customers.

Curbs unlikely to stop house hikes
New controls on mortgage lending, which increase the deposit required to secure a home, will shut more New Zealanders out of the market, economists say.