![How property prices can drop 4pc (and almost everyone wins)](/pf/resources/images/placeholders/placeholder_l.png?d=795)
How property prices can drop 4pc (and almost everyone wins)
It's really easy to cut out the middleman.
It's really easy to cut out the middleman.
DIYers will be able to undertake more minor work without red tape and builders will be forced to stand by their work, under law changes.
A report prepared by business researcher Infometrics is predicting house prices will fall 4.1 per cent by next June.
Kiwibank has joined ANZ, Westpac and TSB today, moving to increase floating mortgage rates and cut longer term fixed rates.
The fundamental problems with the NZ housing market are coming home to roost, writes Bernard Hickey.
Increased participation by non govt organisations is needed to address a growing shortage of affordable housing, a report has found.
Auckland house prices held firm in July, but the number of sales slipped, new numbers suggest.
Purpose-built facility could easily be used as private house, writes Colin Taylor.
Expat marketing and IT millionaire Tim Williams is building one of New Zealand's biggest and most expensive houses.
NZ's residential property sector remained subdued last month with permits for new construction edging up from a slump in May, while commercial property extended its decline.
The number of consents issued for new home building nudged up 1.7pc in June.
While increasing the OCR this morning, Reserve Bank Governor Alan Bollard has indicated that future hikes won't be as aggressive as earlier tipped.
The NZ dollar climbed to a six-month high as a surge in new home sales in the US stoked investors' appetite for higher-yielding, or riskier, assets.
It's clear the economy has become dependent on the debt growth fuelled by the housing market's ever-increasing values.