Real Estate

  • First home buyers eye bargain ballot NewsTalk - Sat, Nov 28, 2015 6:36 AM NZDT

    First home buyers are getting a real shot at owning their own Auckland home today... they just need to hope their name's drawn out of the hat. First home buyers eye bargain ballot

  • Drop in lower quartile house prices improve housing affordability Fuseworks - Fri, Nov 27, 2015 10:49 AM NZDT

    Life became slightly easier for first home buyers in many regions last month thanks to a small drop in the lower quartile selling price and the ongoing slide in mortgage interest rates, according to the Home Loan Affordability Report. The report said the REINZ's national lower quartile selling price dropped back from its all-time high of $309,000 in September to $305,000 in October, with falls occurring in Auckland, Waikato/Bay of Plenty, Taranaki, Canterbury/Westland Central Otago/Lakes and Southland. The biggest falls were in the two most expensive regions, with the lower quartile price in Auckland dropping back to $611,500 in October from its all-time high of $630,500 in September, and in Central Otago Lakes where it dropped back to $334,400 in October, compared to $368,700 in September and it's all-time high of $403,800 set in June.

  • Ministers welcome 5000th Chch repair Fuseworks - Thu, Nov 26, 2015 9:27 AM NZDT

    The Minister Responsible for Housing New Zealand, Bill English, along with Social Housing Minister, Paula Bennett, are welcoming news that the massive programme to repair 5000 earthquake-damaged social housing stock in Christchurch has been reached ahead of schedule. The 2010 and 2011 earthquakes damaged 95 percent of Housing New Zealand’s properties, affecting about 20,000 tenants across greater Christchurch. Mr English says the completion of the 5000th repair, several weeks ahead of schedule, is a significant milestone in the city’s ongoing rebuild and recovery.

  • 500th home at Hobsonville completed Fuseworks - Tue, Nov 24, 2015 12:00 PM NZDT

    The Government today marked the 500th completed home at Hobsonville Point and the launch of a new precinct at the Auckland housing development with a visit by the Prime Minister and Building and Housing Minister Dr Nick Smith. "Hobsonville Point is New Zealand’s largest residential development and is at the forefront of building new supply, more intensive housing and integrated communities. It epitomises the scale and momentum the Government wants to achieve.

  • Desperate Nick Smith talks up housing failures - Twyford Fuseworks - Mon, Nov 23, 2015 4:55 PM NZDT

    Nick Smith is clutching at straws as he desperately tries to talk up his failed housing policies, says Labour’s Housing spokesperson Phil Twyford. The average Auckland house last month went up more in the last month than the total HomeStart subsidy available for couples.

  • New tranche of Auckland SHAs announced Fuseworks - Mon, Nov 23, 2015 3:08 PM NZDT

    Nine new Special Housing Areas (SHAs) with a potential yield of 1100 new homes in Auckland were announced today by Building and Housing Minister Dr Nick Smith and Mayor Len Brown. "This newest tranche of Special Housing Areas will bring the total number of SHAs established in Auckland to 106, with a long-term capacity of more than 48,000 new homes. Today’s announcement is the latest step forward in the joint effort by both the Government and Auckland Council to improve the supply and affordability of Auckland’s housing, and illustrates the scale and momentum that is needed," Dr Smith says.

  • HomeStart delivering for first home buyers Fuseworks - Mon, Nov 23, 2015 3:08 PM NZDT

    The number of KiwiSaver HomeStart grants for first home buyers has doubled in the second quarterly report published by Housing New Zealand, Building and Housing Minister Dr Nick Smith announced today. "HomeStart is surging ahead as young families realise the opportunity for significant grants from the Government for buying their first home. The 287 Welcome Home Loans issued for this latest quarter is also a record and shows how this programme, combined with HomeStart, is assisting families into home ownership," Dr Smith says.

  • Christchurch residential project flounders NZ Newswire - Sat, Nov 21, 2015 10:18 AM NZDT

    The developer of a flagship residential project in the centre of earthquake-damaged Christchurch has failed to find funding.

  • Perceptions of real estate agents improving - report Fuseworks - Fri, Nov 20, 2015 12:44 PM NZDT

    Annual Perception Report. "The ratings are notably more positive among those who have bought or sold a property." Ms Milne says despite the positive ratings there is no room for complacency in the Industry, and no one is saying the real estate profession is at the level it wants to be. "Not surprisingly, with heightened interest in the property market, there is also keen interest in everything associated with the industry including levels of professional conduct and commissions.

  • New Ngai Tahu Property boss named NZ Newswire - Fri, Nov 20, 2015 8:18 AM NZDT

    The new boss of South Island-based Ngai Tahu Property has a lot of experience in Auckland.

  • $50m gondola planned for Queenstown NZ Newswire - Thu, Nov 19, 2015 10:08 AM NZDT

    A plan for an almost 10km-long gondola connecting the northern Queenstown suburb of Frankton with The Remarkables skifield is unveiled.

  • Renters in Auckland $12.5k p.a better off than homeowners Fuseworks - Thu, Nov 19, 2015 8:58 AM NZDT

    It is cheaper to rent a house than buy a house across New Zealand, but the disparity is most pronounced in Auckland according to Trade Me Property’s comparison of asking rents and asking prices in October. Head of Trade Me Property Nigel Jeffries said the latest Rental Index figures showed that paying off an 80 per cent interest-only mortgage- rather than the median weekly rent could see you paying up to $2,000 a year more outside Auckland, and significantly more in our largest city. "In Auckland you could be stumping up more than $12,000 per annum on your mortgage, so if you’re making a cold-hearted decision based purely on mathematics it is food for thought.

  • Auckland continuing to lead lifestyle property market - REINZ Fuseworks - Wed, Nov 18, 2015 10:51 AM NZDT

    Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 584 more lifestyle property sales (+37.9%) for the three months ended October 2015 than for the three months ended October 2014. Overall, there were 2,123 lifestyle property sales in the three months ended October 2015, compared to 2,075 lifestyle property sales for the three months ended September 2015 (+2.3%), and 1,539 lifestyle property sales for the three months ended October 2014. The median price for all lifestyle properties sold in the three months to October 2015 rose by $20,000 to $525,000 compared to $505,000 recorded for three months ended October 2014 (+4.0%).

  • Interim earnings boost for Kiwi Property NZ Newswire - Wed, Nov 18, 2015 10:37 AM NZDT

    New Zealand's largest listed property investor Kiwi Property Group has lifted interim earnings despite weaker rental income.

  • Kiwis sold on First National - Canstar Fuseworks - Tue, Nov 17, 2015 11:27 AM NZDT

    Home buyers, sellers, landlords and tenants have rated First National New Zealand’s No.1 real estate agency. Based on a survey of 1,162 adults who have used the services of a real estate agent in the last three years, the ratings from, consumer research company Canstar Blue, saw the Taranaki-based agency outrank six others to top the table. First National earned five-star reviews for its property management, customer service, communications and overall customer satisfaction.

  • Mt Maunganui property home of the year NZ Newswire - Sun, Nov 15, 2015 10:13 AM NZDT

    A Mt Maunganui home with a remote-controlled louvered roof is the house of the year while a Albany home with five bathrooms is the best renovation.

  • Completion of 100th house at first SHA celebrated Fuseworks - Sat, Nov 14, 2015 4:03 PM NZDT

    The completion of the 100th house at the Waimahia Inlet housing development in Auckland was welcomed this afternoon by Building and Housing Minister Dr Nick Smith, who says the project is symbolic of the Government’s progress on housing. "Waimahia Inlet is a flagship of the Government’s housing policies. It was the first Special Housing Area under the Housing Accord with the Auckland Council, which allows for the fast-tracking of consenting processes.

  • CBD apartment block management contract for sale Fuseworks - Fri, Nov 13, 2015 8:10 AM NZDT

    The property management business overseeing one of Auckland’s biggest residential apartment blocks has been placed on the market for sale. Pace Property Management is responsible for running 104 residential units within the Scene Three Apartments complex in downtown Auckland’s Beach Road. The Pace Property Management business is being marketed for sale by Bayleys Real Estate through expressions of interest closing on December 3 through business brokers Paul Dixon and John Greenwood.

  • Former quarry site now available for housing Fuseworks - Thu, Nov 12, 2015 4:09 PM NZDT

    The decision by a panel of commissioners appointed by Auckland Council to allow new houses to be built on a disused quarry site in Mount Eden has been welcomed today by Building and Housing Minister Dr Nick Smith. "The rezoning of the former land at the Three Kings quarry site as residential will enable the construction of up to 1500 much-needed homes for Auckland. The Three Kings site is in an ideal location for a good quality, well-designed housing development.

  • Bay of Plenty benefits from Auckland boom NZ Newswire - Thu, Nov 12, 2015 12:50 PM NZDT

    Bay of Plenty is now the second most expensive region to buy a house after the average asking price hit a record $483,000.

  • Stride Property profit up as values rise NZ Newswire - Thu, Nov 12, 2015 11:26 AM NZDT

    The company behind Auckland's latest mega-mall has posted a 31 per cent increase in first half profit and is predicting its dividend forecast to rise.

  • Earthquake stickers slash property values NZ Newswire - Wed, Nov 11, 2015 5:03 AM NZDT

    Earthquake-prone notices placed on Wellington buildings are cutting property value by nearly half.

  • Auckland housing market cools NZ Newswire - Tue, Nov 10, 2015 2:12 PM NZDT

    The brakes applied to Auckland's red-hot housing market appear to be taking effect, with figures showing a slip in the median price and number of sales.

  • HNZC takes 'zero tolerance' approach to methamphetamine Fuseworks - Mon, Nov 9, 2015 4:41 PM NZDT

    Housing New Zealand has a zero tolerance approach to the use or manufacture of methamphetamine, or any other illegal activity, in its homes and will move swiftly to evict tenants where it occurs. Housing New Zealand communicates this very clearly to all its tenants, and will pursue tenants for costs associated with property damage caused through illegal drug use. "Contamination from P use is preventing vulnerable people on the social housing register from getting access to a home as cleaning and remediation can take up to three months in serious situations," says Housing New Zealand Chief Executive Glen Sowry.

  • Meth users stopping vulnerable from getting state homes Fuseworks - Mon, Nov 9, 2015 8:41 AM NZDT

    P-users are delaying vulnerable people from getting access to social housing and have forced Housing New Zealand to demolish 14 contaminated homes in three years, Social Housing Minister Paula Bennett says. "Last year Housing New Zealand (HNZ) decontaminated nearly 230 meth infected homes costing taxpayers $2.3-million," she says. "We will not tolerate any meth use in HNZ properties," Mrs Bennett says.

  • Call to action over 'dire state of NZ housing' Fuseworks - Fri, Nov 6, 2015 4:12 PM NZDT

    Figures released this week show that the average New Zealand house price, for the first time ever, has exceeded half a million dollars. Hikoi for Homes - a coalition of groups consisting of the Child Poverty Action Group, Auckland Action Against Poverty, Unite and First Union - is challenging the government to do better and to prioritise decent quality, affordable and safe housing as a basic human right. It is organising a series of hikoi in Auckland, Wellington and Christchurch on 21 November to highlight this very concern.

  • Waimahia community celebrates 100th home Fuseworks - Fri, Nov 6, 2015 8:42 AM NZDT
    Waimahia community celebrates 100th home

    The Waimahia affordable housing project at Weymouth has completed its 100th home, just over a year since construction work began. Stage two of the development is now underway with stage three currently being sold off plans. Chair of the Waimahia partnership, Paul Majurey, says the Mana Whenua led project delivers a blueprint for providing more affordable housing.

  • Govt 'refuses to try to fix Korea land sales mistake' Fuseworks - Thu, Nov 5, 2015 4:47 PM NZDT

    National refuses to fix its major blunder in the Korean FTA which allows Kiwi homes to be sold to Korean investors - creating a flow on effect with other trade partners such as China, says Labour’s Export Growth and Trade spokesperson David Parker. "Tim Groser got this wrong. "The fact that in Parliament today Mr Groser says he will not even try to fix this shows how out of touch he is with New Zealanders’ concerns.

  • Signs Auckland house market cooling NZ Newswire - Wed, Nov 4, 2015 11:34 AM NZDT

    As Reserve Bank restrictions start to bite, latest figures from Barfoot & Thompson show the housing market may be cooling down.

  • Auckland housing market balanced as to price direction Fuseworks - Wed, Nov 4, 2015 10:02 AM NZDT

    The jury remains out as to whether the latest Reserve Bank and Government initiatives have halted the rise in house prices with the average sales price in October increasing and the median price declining. "In October the average sale price increased marginally by 0.5 percent to $840,402 over that for September and the median price declined by 1.3 percent to $780,000," said , Managing Director of Barfoot & Thompson. "It is worth noting that our records show that the median price tends to be more volatile on a monthly basis than the average price.

  • Average Auckland house price close to $1m NZ Newswire - Tue, Nov 3, 2015 3:51 PM NZDT

    As the average Auckland house price passes the $900,000 mark, government ministers say there's evidence the market could start cooling down.

  • Auckland's average home value exceeds $900,000 Fuseworks - Tue, Nov 3, 2015 12:00 PM NZDT

    The latest monthly QV House Price Index shows that nationwide residential property values for October have increased 14.0% over the past year which is the fastest rate since March 2006. The Auckland market has increased 24.4% year on year, 7.3% over the past three months and is now 68.0% higher than the previous peak of 2007. The average value in the Auckland region has now surpassed $900,000 and is sitting at $918,153.

  • Westpac sees cooling in Auckland market NZ Newswire - Tue, Nov 3, 2015 9:37 AM NZDT

    Westpac's New Zealand boss is anticipating the heat in the Auckland housing market will cool off in the coming year.

  • Housing NZ celebrates completion of Hamilton development Fuseworks - Tue, Nov 3, 2015 9:11 AM NZDT

    Housing New Zealand is celebrating the completion of 16 newly built homes for Hamilton by inviting the local community to an Open Home tour on Wednesday 4 November from 4-6pm. "We’re excited about these new homes, which will help meet demand for smaller homes in the area that are warm, dry and easy to maintain - and we want to show them off," Housing New Zealand’s Area Manager Raewyn Vooght says.

  • Goodman fetches $33.2 million with sale of IAG buildings Fuseworks - Fri, Oct 30, 2015 3:43 PM NZDT

    In the biggest commercial office sale in Christchurch this year, Goodman Property Trust has sold the buildings largely occupied by IAG’s Christchurch offices in Addington. The two buildings fetched $33.2 million, representing a 7.8% yield, and were bought by a group of Queenstown investors led by lawyer Ron Mackersy. The properties were sold by Hamish Doig and Mark Macauley of Colliers International in Christchurch.

  • Goodman fetches $33.2m with sale of IAG buildings in Chch Fuseworks - Fri, Oct 30, 2015 2:56 PM NZDT
    Goodman fetches $33.2m with sale of IAG buildings in Chch

    In the biggest commercial office sale in Christchurch this year, Goodman Property Trust has sold the buildings largely occupied by IAG’s Christchurch offices in Addington. The two buildings fetched $33.2 million, representing a 7.8% yield, and were bought by a group of Queenstown investors led by lawyer Ron Mackersy. The properties were sold by Hamish Doig and Mark Macauley of Colliers International in Christchurch.

  • Residential building consents slip NZ Newswire - Fri, Oct 30, 2015 2:11 PM NZDT

    Economists are not surprised there was a slight fall in residential building consents, after a record rise in July.

  • National must rule out loan-to-income ratios - Labour Fuseworks - Thu, Oct 29, 2015 12:09 PM NZDT

    The Government must rule out introducing loan-to-income ratios following reports the Treasury is looking at the measure to cool the Auckland housing market, Labour’s Housing spokesperson Phil Twyford says. "It comes as no surprise that the Treasury is pushing for new rules to restrict the amount home buyers can borrow based on the amount they earn. "With the median Auckland house price of $771,000 already nearly the equivalent of 10 times the median household income, few people will be able to buy into the market.

  • Institute warns of consequences of 'loan-to-income' limits Fuseworks - Thu, Oct 29, 2015 7:54 AM NZDT

    Property Institute of New Zealand Chief Executive, Ashley Church, is questioning a proposal, from Treasury, to further restrict mortgage lending by banks and has repeated his warning of ‘unintended consequences’ made earlier this year. Treasury papers released under the Official Information Act note that the growing divide between house prices and incomes is cause for concern and suggest that debt-to-income limits could offer an additional way "of managing financial system vulnerability by targeting the likelihood of default". The Reserve Bank has previously confirmed that it is collecting loan-to-income data from the banking sector but would not be drawn on whether the central bank was considering new income-related lending limits.

  • No excuses for building delays - Williams Fuseworks - Wed, Oct 28, 2015 2:59 PM NZDT

    Housing New Zealand should stop playing the blame game and admit it is at fault for delays to its building programme, Labour’s Associate Housing spokesperson Poto Williams says. "The Government has repeatedly talked up the ‘progress’ being made in its state house building programme, and its desire is to ‘unlock the latent value in our properties, to transform, regenerate and intensify our portfolio to create world-class healthy, vibrant, sustainable and enduring mixed-use communities’.

  • $700m project `a huge boost for Auckland' NZ Newswire - Tue, Oct 27, 2015 12:14 PM NZDT

    SkyCity's $700 million convention centre and hotel project is a huge boost for Auckland and the economy, Steven Joyce says.

  • Bayleys head office moving to new location at Auckland viaduct Fuseworks - Tue, Oct 27, 2015 11:44 AM NZDT

    The increased floorspace requirements of a fast-growing business have spurred real estate agency Bayleys to move to new head office premises. Bayleys will be moving from its Central Auckland headquarters in Viaduct Harbour Avenue to new purpose built premises 200 metres away on the corner of Gaunt and Halsey Streets. The company will occupy three levels of a six storey building currently being developed by the ASX listed Goodman Group.

  • Affordable housing stymied by red tape, says Matrix Homes Fuseworks - Tue, Oct 27, 2015 11:30 AM NZDT

    Matrix Homes, the Trentham based company building quality affordable homes in the old General Motors factory, claims red tape and a lack of cooperation between local and central government is contributing to the housing crisis. Matrix Homes’ managing director Sean Murrie said, "The real reasons for the housing crisis are insufficient land zoned for housing and Council caution in the wake of the leaky building debacle. Companies like ours have proven it’s possible to build quality homes in New Zealand at a much lower price than has traditionally been the case.

  • Landlords unaware of new LVR laws - Westpac survey Fuseworks - Tue, Oct 27, 2015 9:57 AM NZDT

    Property Investors, particularly in Auckland, are worryingly unaware of the detail and implications around the new loan-to-value-ratio (LVR) regulations due to come into to effect at the end of this week, 1 November. A Westpac NZ online survey of 2000 property owners found that only 5% knew when the changes will come into effect, nearly 30% had not heard anything and 53% had heard something but did not know the details. Of current property investors who are looking to buy again in the next 12 months, 17% had not heard anything about the pending changes and 50% had heard about them but knew no details.

  • Baby-boomers 'increasingly attracted to apartments' Fuseworks - Mon, Oct 26, 2015 9:12 AM NZDT

    The Auckland apartment market has come of age with baby-boomers increasingly attracted to, and are prepared to pay for, well-designed and spacious apartments in a master-planned community, says Pete Evans, national director of residential property marketing at Colliers International. Mr Evans’ comments follows the publication of Colliers’ latest analysis of who is buying apartments at Alexandra Park’s proposed mixed-use urban village and why. Earthworks have begun for the construction of the first building in the Auckland Trotting Club’s former carpark on Green Lane West.

  • Auckland Finance Centre sale stalls NZ Newswire - Fri, Oct 23, 2015 11:14 AM NZDT

    The sale of Augusta Capital's Auckland Finance Centre has fallen over with the buyer of $87m cancelling the conditional agreement.

  • More Aucklanders looking further south to find home NewsTalk - Thu, Oct 22, 2015 5:49 PM NZDT

    An increasing number of Aucklanders are looking outside the city in a bid to find a home. More Aucklanders looking further south to find home

  • Council selling prime Whangamata industrial site Fuseworks - Thu, Oct 22, 2015 2:32 PM NZDT

    A large Council-owned property in the heart of Whangamata's industrial estate is for sale. The site is 2,256 square metres, level, has several concrete pads, is partially fenced, has road frontage and a three metre easement on the south-west boundary for the right to drain water. "It's a very large site and has good access," says Garry Towler, our Area Manager for Whangamata.

  • Good news for tenants as rents plateau Fuseworks - Thu, Oct 22, 2015 9:32 AM NZDT

    It is a good time to be a tenant according to Trade Me Property’s September report on median rents across New Zealand. Head of Trade Me Property Nigel Jeffries said the cost of renting a property has remained steady, with median asking rent up just $20 a week compared to the same time last year. The average property across the country is being let for $420 per week, the same rent as March this year and up only $20 per week on the same time last year." Excluding Auckland, median asking rents ticked up 2.9 per cent to $360 per week, and were up 20 per cent compared to September 2010.

  • SFO probes big Auckland mortgage fraud NZ Newswire - Thu, Oct 22, 2015 9:18 AM NZDT

    The Serious Fraud Office says it is investigating large-scale mortage fraud in Auckland but won't disclose details.

  • More land needed for housing: report NZ Newswire - Wed, Oct 21, 2015 2:10 PM NZDT
    More land needed for housing: report

    The Productivity Commission wants the rules changed so more land can be freed up for housing and a lid put on spiralling housing inflation.

  • 'Concerted action needed' to crack land price inflation Fuseworks - Wed, Oct 21, 2015 12:05 PM NZDT

    The operation of our planning systems needs to change if New Zealand cities are to have enough land for housing, says the Productivity Commission in its final report on using land for housing, released today. "The average price of residential land has increased rapidly in recent years, reflecting an inability to zone and service enough land to meet demand," says Commission Chair, Murray Sherwin.

  • Auckland house prices rising 35% faster than Sydney - Twyford Fuseworks - Tue, Oct 20, 2015 2:51 PM NZDT

    Recent house price data shows Auckland house prices are now rising 35 per cent faster than those in Sydney, Labour’s Housing spokesperson Phil Twyford says. "At this rate, an average house in Auckland could cost more than one in Sydney within months. "John Key claims moves in Australia to ban non-resident foreign buyers from buying existing homes have been ‘spectacularly unsuccessful’.

  • Strong start to spring lifestyle market - REINZ Fuseworks - Mon, Oct 19, 2015 9:51 AM NZDT

    Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 598 more lifestyle property sales (+40.5%) for the three months ended September 2015 than for the three months ended September 2014. Overall, there were 2,075 lifestyle property sales in the three months ended September 2015, compared to 2,120 lifestyle property sales for the three months ended August 2015 (-2.1%), and 1,477 lifestyle property sales for the three months ended September 2014. 7,634 lifestyle properties were sold in the year to September 2015, 20.5% more than were sold in the year to September 2014.

  • Signs of stability in hot housing markets NZ Newswire - Sat, Oct 17, 2015 4:01 AM NZDT

    The hot housing markets of Christchurch and Auckland may be stabilising as the pace is either slowing or not as fast.

  • 'Leaky home' action touts 500+ claimants NZ Newswire - Fri, Oct 16, 2015 5:00 PM NZDT

    The law firm trying to rustle up a class action against cladding manufacturer James Hardie over leaky building claims says more than 500 are interested.

  • One thousand fewer on Social Housing Register Fuseworks - Fri, Oct 16, 2015 2:02 PM NZDT

    The latest Social Housing Register figures show the results of working closely with applicants and supporting their individual needs, Social Housing Minister Paula Bennett says. The September 2015 Social Housing Register quarterly figures, released today, has decreased by 1,132 from the September 2014 quarter to 4,467 - a 20% decrease. "Every person who is on the Social Housing Register or applies to be has a different set of needs to the next, and by working with them as individuals we are ensuring people get the right assistance for their situation," Mrs Bennett says.

  • CPI up 0.3 percent in September quarter Fuseworks - Fri, Oct 16, 2015 10:52 AM NZDT

    The consumers price index (CPI) rose 0.3 percent in the September 2015 quarter, Statistics New Zealand said today. Higher housing-related prices, and seasonally higher vegetable and package holiday prices, were partly countered by lower vehicle relicensing fees. After adjusting for seasonal effects, the CPI rose 0.1 percent. "The main upward contribution came from housing-related prices, which increased 1.2 percent," prices senior manager Chris Pike said. "This was mostly influenced by higher prices for local authority rates, new houses excluding land, and housing rentals. ...

  • Christchurch housing market turning a corner Fuseworks - Fri, Oct 16, 2015 10:36 AM NZDT

    The Ministry of Business, Innovation and Employment’s latest Housing and Construction Quarterly report finds that the Christchurch housing market is showing signs of increased stability. "Rents in Greater Christchurch have fallen consistently for the last three quarters and are now 1.3 percent lower than in June 2014," says Peter Ellis, MBIE’s Manager of Energy and Building Trends. Over the same period, house values in the region are continuing to grow, but at a slower rate - and housing affordability has remained constant.

  • Multi-million dollar mansion on the market NZ Newswire - Fri, Oct 16, 2015 8:28 AM NZDT

    A North Shore waterfront mansion is being marketed was one of the finest homes in New Zealand and it's not cheap.

  • Auckland house prices up $300k in 5 years NZ Newswire - Thu, Oct 15, 2015 2:36 PM NZDT

    Trade Me's Property Price Index says Auckland's average asking price has jumped $300,000 in the last five years.

  • Auckland houses skyrocket $300k in 5 years - Twyford Fuseworks - Thu, Oct 15, 2015 12:16 PM NZDT

    The Government’s refusal to take effective steps to solve the Auckland housing crisis is highlighted in new figures showing prices in our biggest city skyrocketed by $300,000 in the past five years, Labour’s Housing spokesperson Phil Twyford says. "Generation Rent is being further locked out of the dream of homeownership, while house prices in many regions are stagnating. "Trade Me property data released today shows the average asking price for a property in Auckland in September 2010 was $476,000 - today it is $776,000.

  • People in rental housing 'more likely to report housing problems' Fuseworks - Thu, Oct 15, 2015 10:45 AM NZDT

    Renters were almost twice as likely to report a damp house problem as home owners in 2014, Statistics New Zealand said today. New analysis from the 2014 General Social Survey (GSS) shows that while only 7.1 percent of New Zealand adults felt their home needed urgent or major repairs or maintenance, nearly two-thirds (64 percent) said their home needed at least some work. "Cold was the biggest problem reported, with one-third of people in single-parent families saying their homes were often or always cold," acting household statistics manager Mark Gordon said.

  • Auckland asking prices 'increase $300,000 in five years' Fuseworks - Thu, Oct 15, 2015 9:37 AM NZDT

    The average asking price for Auckland properties has risen $300,000 over the past five years according to the latest Trade Me Property Price Index. Head of Trade Me Property Nigel Jeffries said that was an "extraordinary" amount. "Just when you think the Auckland property market can’t surprise you any further, another incredible statistic emerges.

  • Property buyers 'using up to five research tools' Fuseworks - Wed, Oct 14, 2015 1:01 PM NZDT

    A new report released by Nielsen today has found that New Zealanders are using up to five different tools in their research for property as competition heats up across the country. Nielsen’s 2015 Real Estate Report found that 337,000 people are planning to purchase or sell a house/flat in the next 12 months, up from 316,000 last year. Despite this, traditional resources are also used, with more than half using specialist real estate magazines, company real estate magazines and real estate office displays and brochures.

  • Groser blind to TPPA hit on housing - NZ First Fuseworks - Tue, Oct 13, 2015 5:14 PM NZDT

    Trade Minister Tim Groser has his head in the clouds believing the TPPA will not affect New Zealanders ability to buy homes, says New Zealand First. "Mr Groser told Parliament today the focus of the TPPA negotiations was on addressing strategic problems for New Zealand," says Spokesperson on Trade Fletcher Tabuteau. "But Mr Groser has admitted the New Zealand government did not argue at all on the TPPA clause that will ban us from stopping foreigners buying New Zealand property.

  • Lufthansa House sold in $16.5m deal NZ Newswire - Tue, Oct 13, 2015 10:00 AM NZDT

    The 15-level Lufthansa House on Kitchener Street in central Auckland is bought by Augusta Capital for $16.5 million.

  • 'Profound change' under way in NZ property market Fuseworks - Tue, Oct 13, 2015 8:03 AM NZDT

    "To find gold, look where others are not looking" is the advice to residential property investors as profound change sweeps the market. Sean Wood of Auckland-based property investment mentor company PropertyTutors says a ‘two speed’ investment market is emerging in New Zealand. Many investors are now seeing the Auckland property market as overheated and are looking to the regions for their next investments.

  • Auckland house price rising at $1000 a day NZ Newswire - Mon, Oct 12, 2015 3:19 PM NZDT
    Auckland house price rising at $1000 a day

    Labour says Auckland house prices have been rising at an "appalling" rate of $1000 a day and renting is likely to become even more expensive.

  • Generation Rent sees another hefty price rise - Twyford Fuseworks - Mon, Oct 12, 2015 2:43 PM NZDT

    Auckland’s median house price has risen more than 25 per cent in the past year making home ownership even more out of reach for Generation Rent, says Labour’s Housing spokesperson Phil Twyford. "These figures confirm earlier QV data that showed Auckland’s average house price had tracked up by nearly 23 per cent. That is the fastest rate of increase since 1994, and casts doubt on some of the commentary that Auckland’s market is cooling. "It also confirms the hard truth that Generation Rent is being forced out of the market by skyrocketing prices, which will also flow through into higher rents.


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