Some Christchurch suburbs may become 'virtual wastelands'
Some Christchurch suburbs will be left as virtual residential wastelands, while townships on the city's fringe are bracing for an influx of new residents.
Some Christchurch suburbs will be left as virtual residential wastelands, while townships on the city's fringe are bracing for an influx of new residents.
Real estate agency Bayleys Canterbury is predicting a broader but lower central business district will arise in Christchurch after last month's earthquake, while demand is expected to escalate for residential properties in more stable areas
In 2007 I said that NZ houses were 30 per cent overvalued.
Loophole means ratepayers are liable to homeowner and developer, says council
Housing Minister Phil Heatley says he does not want temporary housing ghettos to spring up in quake-stricken Christchurch.
Auckland faces a rent shock as the Christchurch earthquake diaspora, rising insurance premiums and the loss of a landlords' tax break all affect demand.
Even without the impact of the Christchurch earthquake, it was tough going out there with buyers sitting on their hands and values continuing to drift. Now, it may get even harder. Bruce Morris reports.
Scammers are targeting people desperate to find new homes in Auckland's rental property shortage.
Overseas buyers have been staying home the last few summer - and in some parts of the country that's adding to the pressure on house prices. Bruce Morris reports.
Small pockets of prime real estate continue to perform, says Bruce Morris.
Summer is high season for the real estate market, when house-hunters are joined at open homes by people who simply like looking around others' properties for fun. Gill South has a nosy.
A historic 155-year-old Christchurch mansion was reduced to a pile of dust and splintered wood today while the owner and his family looked on with glassy eyes.
Understanding how to use the KiwiSaver first-home assistance scheme is proving so difficult some people are giving up.
Real estate agents will be sticking pins into Mike Pero wax dolls, says one industry commentator, as the entreprenuer cuts commission rates for his new venture.