Real Estate

  • Investors borrow billions to buy houses Newswire - Tue, Jul 26, 2016 4:53 PM NZST

    The Reserve Bank's latest mortgage lending data shows that in June investors borrowed far more than first home buyers.

  • Housing market peak next year: Infometrics Newswire - Mon, Jul 25, 2016 2:47 PM NZST

    New Zealand's booming market will peak late next year before a chasing building market catches up and prices will then fall 14 per cent, Infometrics says.

  • All five banks move on property investment Newswire - Thu, Jul 21, 2016 5:09 PM NZST

    Investors need bigger deposits to buy a property with banks moving to implement tougher rules signalled by the RBNZ.

  • ANZ restricts loans to property investors Newswire - Thu, Jul 21, 2016 11:19 AM NZST

    Investors need bigger deposits to buy a property with ANZ moving to implement tougher rules signalled by the RBNZ.

  • ANZ cautions about Auckland property boom Newswire - Wed, Jul 20, 2016 6:11 PM NZST

    If we're not prepared to lend you more money, eventually the prices will have to flatten out, NZ's largest lender says.

  • Property investors don't like new deal Newswire - Wed, Jul 20, 2016 4:00 AM NZST

    The Property Investors' Federation says the Reserve Bank is taking action against its members because it wants to be able to lower interest rates.

  • Housing `crisis' spreading: opposition Newswire - Fri, Jul 15, 2016 1:49 PM NZST

    Labour and the Greens say the latest house price data is more bad news for first home buyers and a crisis is spreading through the country.

  • House prices hit record in five regions Newswire - Fri, Jul 15, 2016 10:35 AM NZST

    Record high median house prices in June for five regions as the national median hits $500,000 according to the Real Estate Institute.

  • NZ house prices up, but growth rate eases Newswire - Wed, Jul 13, 2016 10:21 AM NZST

    The average asking price of a house in New Zealand is still rising, but the experts say the price rises are starting to slow.

  • Prefab houses get the green light Newswire - Tue, Jul 12, 2016 11:59 AM NZST

    Social Housing Minister Paula Bennett says the government is going ahead with its plan to build prefab houses for emergency accommodation.

  • Dotcom's former Coatesville home sold Newswire - Sat, Jul 9, 2016 12:36 PM NZST

    A mansion previously rented by Kim Dotcom, and scene to an early morning 2012 police raid, has sold for an undisclosed amount.

  • Govt wants to buy DHB's land for housing Newswire - Wed, Jul 6, 2016 1:37 PM NZST

    The government is negotiating with Counties Manukau DHB to buy 10ha of its land for housing development - the site could hold about 250 homes.

  • Property investors take on John Key Newswire - Wed, Jul 6, 2016 4:00 AM NZST

    The Property Investors' Federation says Prime Minister John Key's advice to the Reserve Bank on loan restrictions was "misguided".

  • Politicians against housing market 'crash' Newswire - Tue, Jul 5, 2016 3:53 PM NZST

    Opposition party leaders don't agree with an idea to deliberately crash the housing market and say more affordable homes need to be built.

  • Auckland average house price nears $1m Newswire - Tue, Jul 5, 2016 11:49 AM NZST

    House sales in the City of Sails fell in June, but the average price to live in New Zealand's largest city is fast approaching the million dollar mark.

  • Fines for real estate price fixing Newswire - Fri, Jul 1, 2016 5:48 PM NZST

    Big fines are being handed out to real estate agencies that fixed prices in response to a change in TradeMe fees.

  • Interest in Auckland properties dips: site Newswire - Fri, Jul 1, 2016 2:05 AM NZST

    Interest in the Auckland property market might finally be taking a hit from rising prices, a real estate industry listings website says

  • Deal done to build on vacant Crown land Newswire - Fri, Jun 17, 2016 11:14 AM NZST

    An agreement has been reached with Fletcher Residential to start building homes on an area of vacant Crown land in Auckland.

  • Bank moves back government's belief Newswire - Fri, Jun 10, 2016 11:29 AM NZST

    Decisions by two major banks support the government's belief that foreign speculators are just a tiny part of the house price problem.

  • Bank moves `largely symbolic': PM Newswire - Fri, Jun 10, 2016 7:48 AM NZST

    Prime Minister John Key says the decision by two major banks to restrict lending to overseas property buyers is "largely symbolic".

  • Govt seeks to skew housing market: Smith Newswire - Wed, Jun 8, 2016 4:11 PM NZST

    Housing Minister Nick Smith says the government's housing policy aims to skew the market in favour of first home buyers.

  • PM defends housing record after poor poll Newswire - Wed, May 25, 2016 8:13 AM NZST

    PM John Key says perceptions that the government is not doing anything to control the housing market are wide of the mark.

  • HNZ sells property for a song: Labour Newswire - Thu, May 12, 2016 4:00 AM NZST

    Labour's Jacinda Ardern says a Housing NZ apartment block standing on land worth $7.6 million has been sold for $2.5m.

  • House prices reach record in four regions Newswire - Wed, May 11, 2016 1:40 PM NZST

    Record median prices have been reached in four regions across the country as a "chronic lack" of housing supply in Auckland continues to push people out.

  • Dark areas in LINZ property data NZ Newswire - Wed, May 11, 2016 4:01 AM NZST

    The data of non-residents purchasing New Zealand properties is expected to become clearer as the year continues.

  • Foreign buyers housing data released NZ Newswire - Tue, May 10, 2016 4:54 PM NZST
    Foreign buyers housing data released

    Data just released has shown three per cent of properties sold in the first quarter went to foreigners, with Chinese buyers the largest group.

  • Auckland housing market slows in April NZ Newswire - Wed, May 4, 2016 12:25 PM NZST

    The number of Auckland house sales in April is down on the same time last year with leading realtor Barfoot & Thompson calling the market restrained.

  • NZ building consents see-saw in March NZ Newswire - Fri, Apr 29, 2016 2:21 PM NZST

    After red-hot growth in February for residential building consents March recorded a fall, with Otago recording the biggest drop.

  • 'Second-chance' buyers get KiwiSaver help Newswire - Thu, Apr 28, 2016 6:51 PM NZST

    Previous homeowners who have fallen on hard times will now be able to access their KiwiSaver funds to help them get back on the property ladder.

  • Investors swamp first-home buyers: Greens Newswire - Thu, Apr 28, 2016 9:19 AM NZST

    The latest Reserve Bank data shows property investors are taking out far more mortgages than first-home buyers, the Greens say.

  • Key talks down land tax on foreigners Newswire - Wed, Apr 27, 2016 2:41 PM NZST

    Prime Minister John Key is increasingly cautious about the need for a land tax on foreigners, he says Auckland has a supply issue.

  • Firm offers way into Akld housing market NZ Newswire - Wed, Apr 27, 2016 1:55 PM NZST

    An Auckland company has a unique solution to the housing crisis - it's offering shares in a company that will then buy a house, for as little as $500.

  • Agreement opens up land for housing Newswire - Tue, Apr 26, 2016 12:52 PM NZST

    An agreement has been signed to build 400 affordable homes in Hobsonville, and the government says half of them will be sold to first home buyers.

  • Force foreigners to build homes: Labour Newswire - Tue, Apr 26, 2016 10:04 AM NZST

    Labour says forcing foreign property investors to build new homes, the way they have to in Australia, would be more effective than a land tax.

  • Augusta buying NZME House in Auckland NZ Newswire - Mon, Apr 18, 2016 9:28 AM NZST

    Property investor and fund manager Augusta Capital is paying $115.8m for NZME House in Auckland with plans to syndicate further investment.

  • Carters takes leaky suit to Supreme Court NZ Newswire - Wed, Apr 13, 2016 1:51 PM NZST

    Carter Holt Harvey is at the Supreme Court trying to throw out a claim that it is liable for the cost of fixing 890 leaky school buildings.

  • NZ house sales hit records in March NZ Newswire - Tue, Apr 12, 2016 12:42 PM NZST

    Regional markets right across the country continued to see rising real estate prices, with the median national price now just under $500,000.

  • Home ownership rates falling: Labour Newswire - Fri, Apr 8, 2016 4:30 PM NZST

    Labour is citing the latest Statistics NZ estimates which show home ownership rates have fallen from 66 per cent in 2008 to 63 per cent this year.

  • NZ Post pays $12m to amend lease Newswire - Fri, Apr 8, 2016 3:57 PM NZST

    Argosy Property will be paid $12 million from New Zealand Post after the state-owned enterprise amended the lease on it's tenancy.

  • Tenth expansion for Auckland housing zones Newswire - Thu, Apr 7, 2016 2:10 PM NZST

    Auckland's Epsom, Grey Lynn and Kinglsand are among the suburbs to home new fast-track consent homes in the latest expansion of a government plan.

  • Steel & Tube puts hold on mesh supply NZ Newswire - Thu, Apr 7, 2016 9:47 AM NZST

    Steel & Tube has become the third company to put its seismic reinforcing steel mesh supply on hold until it can guarantee it meets industry standards.

  • NZ property value growth slows in March NZ Newswire - Wed, Apr 6, 2016 12:53 PM NZST

    Despite a slowdown in the growth of property values in March, the average price Kiwi buyers were paying continued to climb in all the main centres.

  • Auckland house prices near record NZ Newswire - Tue, Apr 5, 2016 11:23 AM NZST

    The median house sale price in Auckland last month was $798,000, just $2,000 shy of the record.

  • New scheme for construction workers NZ Newswire - Mon, Apr 4, 2016 4:01 AM NZST

    The Construction Safety Council is running a scheme to accredit workers and a database is publicly available.

  • NZ building consents climb in February NZ Newswire - Wed, Mar 30, 2016 12:14 PM NZDT

    Increased building intentions in the country's largest city pushed residential building consents 11 per cent higher in February.

  • Auckland developer buys Springpark NZ Newswire - Wed, Mar 23, 2016 3:50 PM NZDT

    Auckland property developer Wilshire Group has had its offer for the failed Springpark housing development accepted for an undisclosed sum.

  • Affordable homes opened in Christchurch Newswire - Thu, Mar 17, 2016 11:53 AM NZDT

    Housing Minister Nick Smith has opened the first homes in a Christchurch development aimed at delivering affordable housing.

  • House listing prices back up: Trade Me NZ Newswire - Wed, Mar 16, 2016 9:44 AM NZDT
    House listing prices back up: Trade Me

    The asking price on the New Zealand housing market has rebounded following a summer slump, according to Trade Me.

  • House sale price, turnover rises in Feb NZ Newswire - Fri, Mar 11, 2016 1:37 PM NZDT

    The cooling Auckland property market stoked has demand in other regions, with the median sale price increasing by nearly five per cent from a year earlier.

  • Steel mesh products under investigation NZ Newswire - Fri, Mar 4, 2016 11:53 AM NZDT

    The Commerce Commission is undertaking further testing on some steel mesh products amid concerns they don't meet standards.

  • Building activity at it highest since 1990 NZ Newswire - Thu, Mar 3, 2016 12:07 PM NZDT

    Builders and tradies have been going at it hammer and tongs, data just out suggests, with total building activity at its highest since records began.

  • Auckland house prices fall in February NZ Newswire - Thu, Mar 3, 2016 11:15 AM NZDT

    The median price for houses sold in Auckland fell in February compared to a month earlier but Barfoot & Thompson says autumn is looking busy.

  • NZ property value growth cools in February NZ Newswire - Wed, Mar 2, 2016 1:10 PM NZDT

    Home values in all main centres increased with the exception of Auckland, as regions within commuting distance of our largest city experienced a boom.

  • Building consents sink 8.2% in January NZ Newswire - Mon, Feb 29, 2016 12:04 PM NZDT

    A drop-off Canterbury and a lower-than-expected number in Auckland saw building consents fall in January by nearly 10 per cent.

  • Dotcom's Coatesville mansion for sale Newswire - Mon, Feb 29, 2016 9:03 AM NZDT

    The former home of embattled internet mogul Kim Dotcom is on the market for an undisclosed price.

  • Apartment security questioned Newswire - Fri, Feb 26, 2016 1:51 PM NZDT

    Police are warning apartment residents about security issues after an incident in an Auckland apartment block in the early hours of Thursday morning.

  • English confident Auckland can grow NZ Newswire - Thu, Feb 25, 2016 4:02 PM NZDT
    English confident Auckland can grow

    Finance Minister Bill English says he is confident Auckland can decide if it wants to grow "up or out" despite it backing away from an up option this week.

  • Blackstone buys NZ retirement villages NZ Newswire - Wed, Feb 17, 2016 8:56 AM NZDT

    New York-based private equity firm Blackstone has bought five retirement villages in NZ from Lendlease Group.

  • Auckland house sales fall in January NZ Newswire - Thu, Feb 11, 2016 5:34 PM NZDT

    Auckland was the only region in the country to report a fall in house sales in January, as regulatory curbs continued to dent demand.

  • More areas added to Auckland housing zones Newswire - Thu, Feb 11, 2016 10:42 AM NZDT

    Upmarket Herne Bay is among the suburbs that could see some fast-tracked homes being built under the latest expansion of Auckland's special housing areas.

  • Cooling Auckland market slowing growth NZ Newswire - Tue, Feb 9, 2016 12:56 PM NZDT

    As regulatory curbs continue to dent investor demand in Auckland, property value growth across the country slowed.

  • Auckland house sales change in January NZ Newswire - Thu, Feb 4, 2016 11:23 AM NZDT

    The pattern of housing sales in the country's biggest city changed in January, with sales reaching an eight-month high, says

  • No prosecution after island sale probe NZ Newswire - Tue, Feb 2, 2016 11:20 AM NZDT

    The Overseas Investment Office will not launch a prosecution over the sale of a Northland island in 2010.

  • Augusta buying Brisbane industrial land NZ Newswire - Tue, Feb 2, 2016 11:20 AM NZDT

    Auckland-based listed property investor Augusta Capital says it will buy an industrial property in Brisbane for $A23 million.

  • Minister and Housing NZ join legal action NZ Newswire - Mon, Feb 1, 2016 3:30 PM NZDT

    Environment Minister Nick Smith says he and Housing NZ have joined legal proceedings over appeals lodged against the redevelopment of an Auckland quarry.

  • Fletchers fine with PNG payments NZ Newswire - Mon, Feb 1, 2016 3:15 PM NZDT

    A NZ consultancy outfit has complained about getting paid by the Papua New Guinean government but building giant Fletcher Building says it has no problems.

  • Auckland housing woes can be fixed: economist NZ Newswire - Tue, Jan 26, 2016 1:35 PM NZDT
    Auckland housing woes can be fixed: economist

    Leading economist Shamubeel Equab says if Auckland wants to fix its housing malaise, the home-owning policymakers need to enable change.

  • Govt takes heat on Auckland house prices NZ Newswire - Mon, Jan 25, 2016 12:13 PM NZDT

    Auckland homes are now out of reach for many Kiwis, with the median price now nearly 10 times that of the median income, a report says.

  • Continuing growth in lifestyle market - REINZ Fuseworks - Fri, Jan 22, 2016 1:14 PM NZDT

    Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 508 more lifestyle property sales (+28.7%) for the three months ended December 2015 than for the three months ended December 2014. Overall, there were 2,277 lifestyle property sales in the three months ended December 2015, compared to 2,200 lifestyle property sales for the three months ended November 2015 (+3.5%), and 1,769 lifestyle property sales for the three months ended December 2014. 8,142 lifestyle properties were sold in the year to December 2015, 26.8% more than were sold in the year to December 2014, the highest number of annual sales since December 2004.

  • Number on social housing register continues to decline - Bennett Fuseworks - Fri, Jan 22, 2016 10:06 AM NZDT

    The December 2015 Social Housing Register shows that better understanding applicant’s particular needs is housing more vulnerable people, Social Housing Minister Paula Bennett says. "The Government’s number one focus in social housing is getting those who most need our help into safe and warm homes," says Mrs Bennett. "We’re now working with people to find out what their roadblocks are to private rental or even home ownership, both at the time they apply to go on the Register and through the Tenancy Review Process." "I’m absolutely thrilled that 47 tenants have even purchased their own homes, and by working closely with them and making the option viable they are now proud homeowners, most of them for the first time" Mrs Bennett says.

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