Real Estate

  • Money Minute: 3 ways to save on rent Yahoo Finance - 9 hours ago
    Money Minute: 3 ways to save on rent

    The rent is too damn high! There are ways to save. We tell you in this week's Money Minute.

  • Building boom hits 50-year record NZ Newswire - Thu, Sep 3, 2015 11:43 AM NZST

    More than $4 billion worth of building work was put in place in the June quarter pushing it to a 50-year high.

  • Auckland house sales climb to 15-year high NZ Newswire - Thu, Sep 3, 2015 10:47 AM NZST

    Auckland's biggest realtor Barfoot & Thompson says it sold the most number of houses in August for 15 years while prices eased slightly.

  • Auckland house prices 'at crossroads' Fuseworks - Thu, Sep 3, 2015 10:00 AM NZST

    After five months of setting ever increasing record prices, Auckland house prices eased back in August. "In August, the average price for homes sold was $821,079, a decline of nearly one percent on July’s average price and also below the average prices for June and May," said Peter Thompson, Managing Director of Barfoot & Thompson. "The same trend is there in the median price.

  • New social houses 'signal commitment to warm, dry homes' Fuseworks - Wed, Sep 2, 2015 3:50 PM NZST

    Housing New Zealand’s Chief Executive, Glen Sowry, today used the unveiling of 11 new social homes in the Auckland suburb of Glen Innes to underline his organisation’s commitment to providing warm, dry healthy homes for families in need both locally and throughout the country. All homes have a six star level New Zealand Green Building Council Homestar rating, which reflects a range of sustainable design considerations.

  • Westgate mall bought for $82.5m NZ Newswire - Wed, Sep 2, 2015 10:57 AM NZST

    Westgate mall, which is due to open in March, has been bought by Kiwi Property Group in an $82.5m deal.

  • New figures show speculators rampant - Twyford Fuseworks - Tue, Sep 1, 2015 2:43 PM NZST

    New figures released by the Reserve Bank show there’s been an explosion in mortgage lending with most of the growth going to property investors, Labour’s Housing spokesperson Phil Twyford says. Reserve Bank data shows mortgage lending was up 6 per cent from a year ago - the fastest annual growth rate since October 2008 - and new mortgage lending to landlords rose $146 million to $2.002 billion in the month from June to July.

  • BoP land block sells for $90,000 per hectare Fuseworks - Tue, Sep 1, 2015 12:30 PM NZST

    Bay of Plenty kiwifruit property continues to break records and has helped ensure the local rural real estate market is currently around the strongest in the country. A Paengaroa bare land block capable of development for kiwifruit, which sold for $90,000 per hectare, is just one example of why the region topped nationwide revenue for national rural real estate leader, PGG Wrightson Real Estate, in 2014/15. Sales manager for the company’s Bay of Plenty/Central Plateau region, Mike McCullough, said the strength of the horticulture sector was a crucial part of an all-round effort by his team to secure the title of top region across PGG Wrightson’s national network.

  • Signs of Auckland property peaking: QV NZ Newswire - Tue, Sep 1, 2015 12:15 PM NZST

    Rapid on-selling of Auckland homes may be a sign some speculators believe the market is reaching its peak, says Quotable Value.

  • Housing Trust underway with 44 lots at Shotover Country Fuseworks - Tue, Sep 1, 2015 11:29 AM NZST

    The Community Housing Trust is now in full swing with civil works at its 44 lot site in Shotover Country. The roads and services are expected to be completed by Christmas - with this part of the project costing $2m and supported by a loan from Community Trust of Southland. Executive Officer, Julie Scott, said "we’re currently in negotiations with three building companies and expect to be in a position to announce these soon." The Trust is focusing on smaller homes and targeting a lower price range.

  • New record high asking prices across NZ Fuseworks - Tue, Sep 1, 2015 10:40 AM NZST

    The seasonally adjusted average asking price for homes for sale in New Zealand in August was $568,215. This reflects an increase of 5.5% in just one month, since the previous record high national asking price of $538,484 set in July. Data analysis by, New Zealand’s largest property listing website, reveals that the surge in property prices is not limited to Auckland, where a new record asking price of $832,613 was reached (up from the previous record $820,016 in June 2015).

  • Local investors welcome move to tax offshore buyers NewsTalk - Tue, Sep 1, 2015 5:51 AM NZST

    Local investors are happy with moves to tax offshore buyers who sell houses within two years of purchasing them. Local investors welcome move to tax offshore buyers

  • Home building consents jump 20% NZ Newswire - Mon, Aug 31, 2015 11:32 AM NZST

    Auckland accounted for about 40 per cent of all new residential building consents issued in July, leading to a national turnaround in building intentions.

  • A rare breed that doesn't turn to family for house-buying help Fuseworks - Mon, Aug 31, 2015 11:04 AM NZST

    A new nationwide survey has found 62% of Kiwis say it will be difficult to buy a house without financial support from family or friends. The drive behind the HRV State of Home survey, conducted by independent research company Buzz Channel, was to gain an insight into what issues New Zealanders face when it comes to their homes and to increase awareness about the importance of having a dry and warm home. Respondents were also asked about home ownership, what priorities are key in their lives, and what they thought of their neighbours and the area they live in.

  • Property Institute welcomes 'game changing' RBNZ policy Fuseworks - Fri, Aug 28, 2015 9:35 AM NZST

    Property Institute of New Zealand Chief Executive, Ashley Church, has welcomed a recent policy change, by the Reserve Bank calling it ‘a game changer’ and ‘a massive step in the right direction’. Up until recently, an exemption from the Reserve Bank’s policy of requiring a minimum 20% deposit on a property purchase was available where the purpose of the loan was to build a new home - but the exemption was only available to those who were purchasing the property as their own home. The move is in line with an address, made by Reserve Bank Deputy Governor Grant Spencer, earlier this week where he acknowledged the need for ‘rapid progress’ in the construction of new housing in Auckland - a point on which Mr Church agrees.

  • Call for policy changes to encourage new home building Fuseworks - Thu, Aug 27, 2015 10:07 AM NZST

    Property Institute of New Zealand Chief Executive, Ashley Church, has welcomed statements, by the Reserve Bank, acknowledging that more rapid progress in producing new housing is needed in order to get on top of the Auckland housing issue - but says that the measures being implemented by the Bank, to address the issue, continue to be misguided. Earlier this week Reserve Bank Deputy Governor Grant Spencer addressed the Northern Club in Auckland and acknowledged the need for ‘rapid progress’ in the construction of new housing in Auckland - something Mr Church believes represents a change in policy by the Reserve Bank.

  • Goodman to sell five Christchurch sites NZ Newswire - Wed, Aug 26, 2015 2:12 PM NZST

    Goodman Property Trust is selling five Christchurch sites as part of its asset recycling to fund further development.

  • Goodman Property Trust set to sell properties in Chch Fuseworks - Wed, Aug 26, 2015 1:13 PM NZST

    Goodman Property Trust is selling five of its blue chip properties in Christchurch as part of its continuing programme of releasing capital for reinvestment. The properties being marketed by Colliers International are three new buildings in the Goodman-owned Glassworks Industry Park, Hornby and another two in the premium Show Place Office Park at Addington. General manager Mark Macauley described it as one of the most significant portfolios to come to the market in Canterbury since the earthquakes.

  • We're not to blame for house prices, investors claim NewsTalk - Tue, Aug 25, 2015 5:35 AM NZST

    Auckland needs more rental properties, not less investor activity. We're not to blame for house prices, investors claim

  • Harcourts Wanaka expands Fuseworks - Mon, Aug 24, 2015 3:23 PM NZST

    It is exciting times for Wanaka’s real estate landscape with the announcement that Harcourts Wanaka’s has expanded to include the local office of Professionals. The joining of the two teams means Harcourts Wanaka is now the largest real estate business in town, with a further seven highly-regarded, local sales consultants taking the total agent force to 20. Add to that the property management and administration support team and the company is well positioned for Wanaka’s growing marketplace.

  • Investors raise risk of Auckland housing NZ Newswire - Mon, Aug 24, 2015 2:28 PM NZST

    Investors now account for 41 per cent of Auckland house purchases, with smaller investors and those reliant on credit showing the biggest gain.

  • Argosy buys Auckland office building NZ Newswire - Mon, Aug 24, 2015 11:28 AM NZST

    Argosy Properties' diversification away from malls and retail buildings continues with the $42 million purchase of an Auckland office building.

  • Free insulation gifted Fuseworks - Mon, Aug 24, 2015 10:00 AM NZST

    A Mamaku resident now has free home insulation thanks to Bay of Plenty Regional Council and WISE Better Homes. The two organisations had a stand at last month’s Home and Leisure Show in Rotorua that gave away free home insulation to one lucky winner. Mamaku local Lorraine Olding won and gifted the prize to a neighbour.

  • HomeStart off to successful start - Minister Fuseworks - Sun, Aug 23, 2015 3:16 PM NZST

    The number of first home buyers accessing Government support for making a deposit on a house has doubled since the Government’s new KiwiSaver HomeStart package took effect on 1 April this year, Building and Housing Minister Dr Nick Smith said in releasing the first quarterly report today. "KiwiSaver HomeStart is off to a strong start with 6788 applications in the first quarter to June, of which 2011 have been approved, 1740 pre-approved and another 2016 are in the process. The HomeStart scheme came into effect 1 April and replaced the KiwiSaver First Home Deposit Subsidy.

  • Report reveals shoddy Christchurch home repairs NewsTalk - Wed, Aug 19, 2015 2:16 PM NZST

    MBIE said it's disappointed by the extent of shoddy repair work carried out as part of the Canterbury Home Repair Programme. Report reveals shoddy Christchurch home repairs Christchurch Earthquake, MBIE

  • Report into Canterbury residential repairs released Fuseworks - Wed, Aug 19, 2015 11:39 AM NZST

    The Ministry of Business, Innovation and Employment (MBIE) has released a report into the Building Code compliance of earthquake repairs to Canterbury homes. The organisations were asked for addresses of homes with completed structural repairs that were exempt from a building consent under Schedule 1 (repairs and maintenance) of the Building Act. Exempt repair work was considered to have a greater risk of non-compliance as it’s not subject to a council inspection and because, unlike cosmetic repairs, defects in structural repairs may be hidden from view and therefore harder for homeowners to identify.

  • Akld new home goal achievable: Westpac NZ Newswire - Wed, Aug 19, 2015 4:02 AM NZST

    Westpac estimates 10,800 new homes will be needed each year for the next eight years to meet the population growth of the country's biggest city.

  • S&P notes Auckland property risk to banks NZ Newswire - Fri, Aug 14, 2015 3:46 PM NZST

    he country's four biggest banks have had their stand-alone credit profiles dropped a notch by Standard & Poor's.

  • Auckland house prices dip but sales jump NZ Newswire - Thu, Aug 13, 2015 12:08 PM NZST

    Auckland's median house price fell by 2.6 per cent to $735,000 in July as sales increased in the city and across New Zealand.

  • James Hardie to 'vigorously defend' claim NZ Newswire - Tue, Aug 11, 2015 6:04 PM NZST

    James Hardie says it will vigorously defend any allegations against its products, after a claim against its Harditex cladding was filed in the High Court.

  • 'Leaky home' class action planned NZ Newswire - Mon, Aug 10, 2015 4:56 PM NZST

    A claim has been filed in the High Court alleging James Hardie was negligent in its design, manufacture and supply of the Harditex cladding system.

  • Auckland house price growth stalls NZ Newswire - Wed, Aug 5, 2015 10:59 AM NZST

    Theere are signs of a slowdown in the rapid rate of price growth in Auckland's housing market with average prices rising by just $885 last month.

  • Auckland housing market `blistering hot' NZ Newswire - Tue, Aug 4, 2015 2:47 PM NZST

    Labour's Phil Twyford says the Auckland housing market is racing away from ordinary Kiwi families and the average price is set to hit $1 million.

  • Auckland property listing prices fall NZ Newswire - Sat, Aug 1, 2015 10:48 AM NZST

    There's been a blip lower in the listing prices of Auckland property and can't find any evidence of foreign buyers driving the market.

  • Ngai Tahu Property boss is leaving NZ Newswire - Fri, Jul 31, 2015 3:41 PM NZST

    South Island iwi Ngai Tahu are looking for a new boss of their significant property holdings as Tony Sewell is leaving.

  • Building boom shifts to Auckland NZ Newswire - Thu, Jul 30, 2015 12:38 PM NZST

    Canterbury's home rebuild is tapering off and activity is shifting to Auckland, the government expects the trend to continue for the next two years.

  • 'UBuilding boom tipped for next six years NZ Newswire - Wed, Jul 29, 2015 5:20 PM NZST

    A new report is tipping a building boom over the coming six years with it peaking at $36.5 billion next year.

  • Housing costs driving inflation - CTU Fuseworks - Thu, Jul 16, 2015 1:20 PM NZST

    "The annual increase in the consumer price index (CPI) would have been negative 0.4 percent instead of going up 0.3 percent if it hadn’t been for the 2.5 percent increase in housing, energy and property costs," says CTU Economist Bill Rosenberg. Housing costs went up 3.4 percent in Auckland and 3.0 percent in Canterbury during the year.

  • Safety rules add to housing cost: report NZ Newswire - Thu, Jul 16, 2015 4:02 AM NZST

    Unnecessary safety standards are costing homeowners an extra $100 million each year, says a market-orientated think tank.

  • Goodman Property to build $27m coolstore NZ Newswire - Wed, Jul 15, 2015 10:20 AM NZST

    Property development firm Goodman Property Trust will build a $27 million coolstore at a business park site in Auckland.

  • Auckland house prices up 26% over year NZ Newswire - Mon, Jul 13, 2015 12:02 PM NZST

    While Auckland's median house price has rocketed to $755,000 over the past year, the median price for the rest of the country is steady at $340,000.

  • Auckland property boom spreads wider NZ Newswire - Thu, Jul 2, 2015 12:46 PM NZST

    National property values have accelerated 9.3 per cent over the past year to an average $520,585, with Aucklanders casting their net wider for a house.

  • DNZ sells Albany office block for $15.2m NZ Newswire - Wed, Jul 1, 2015 11:57 AM NZST

    Sale of an office block in Auckland's Albany for $15.2 million will take DNZ's asset sales programme to $46.7m.

  • Canterbury building consents decline NZ Newswire - Tue, Jun 30, 2015 12:52 PM NZST

    Canterbury dwelling consents more than tripled between 2011 and 2014, but have been decreasing since then, says Statistics New Zealand.

  • NZ developer to expand Melbourne hospital NZ Newswire - Thu, Jun 25, 2015 4:33 PM NZST

    Auckland-based property trust Vital Healthcare has announced an expansion to its Melbourne private hospital and a land purchase in Newcastle.

  • Ngai Tahu to expand into Auckland market NZ Newswire - Thu, Jun 11, 2015 4:02 PM NZST

    South Island iwi Ngai Tahu is to expand into the Auckland property market, having head-hunted Eden Park Trust board boss David Kennedy.

  • Property investors looking beyond Auckland NZ Newswire - Thu, Jun 11, 2015 12:27 PM NZST

    Auckland is still driving national property prices higher but the Real Estate Institute reports investors are looking elsewhere ahead of new restrictions.

  • NZ house price growth to slow: RBNZ NZ Newswire - Thu, Jun 11, 2015 9:48 AM NZST

    The Reserve Bank says house price growth will slow down in the coming years as construction kicks in and measures take effect.

  • NZ property values accelerate higher NZ Newswire - Tue, Jun 9, 2015 12:23 PM NZST

    National property values have risen nine per cent in the past 12 months, while Auckland values have jumped 16.1 per cent, according to Quotable Value.

  • Goodman Property expands development plans NZ Newswire - Mon, Jun 8, 2015 10:02 AM NZST

    Goodman Property Trust announces four new projects worth almost $46m at its business parks.

  • DNZ buys Newmarket building for $17m NZ Newswire - Fri, Jun 5, 2015 9:26 AM NZST

    Heartland House in Newmarket has been bought by DNZ Property Fund for $17 million.

  • Demand for homes keeps builders busy NZ Newswire - Thu, Jun 4, 2015 11:45 AM NZST

    Residential building work expanded 2.6 per cent in the first quarter, offsetting a 1.2 per cent decline in non-residential work.

  • Auckland house prices hit new record NZ Newswire - Thu, Jun 4, 2015 10:43 AM NZST

    Moves to quell the Auckland housing market appear to have had little immediate impact with average house prices hitting a new record in May.

  • Banks at risk from Auckland downturn: RBNZ NZ Newswire - Wed, Jun 3, 2015 3:57 PM NZST

    New Reserve Bank measures are expected to cut Auckland house sales by eight per cent in the first year, and reduce price growth by two-four per cent.

  • Precinct sells Wellington CBD building NZ Newswire - Tue, Jun 2, 2015 11:13 AM NZST

    Precinct Properties will use the proceeds from its sale of 80 The Terrace to repay bank debt.

  • How much you need to make per hour to afford a rental in the U.S. Yahoo Finance - Sat, May 30, 2015 2:26 AM NZST
    How much you need to make per hour to afford a rental in the U.S.

    Out of Reach, a report bythe National Low-Income Housing Coalition, found how much Americans need to earn to really afford to live in the U.S.

  • House consents fall, apartments rise NZ Newswire - Fri, May 29, 2015 12:09 PM NZST

    Apartment building consents are at a seven-year high, surging 106 per cent to 467 in April, with almost all of the apartments in Auckland.

  • Argosy profit drops 25 per cent NZ Newswire - Thu, May 28, 2015 11:25 AM NZST

    Acquistions have helped Argosy Property lift rental income but a tax bill, higher interest payments and a loss on derivatives impacted its bottom line.

  • Convention centre plans `spectacular': Key NZ Newswire - Tue, May 26, 2015 3:24 PM NZST
    Convention centre plans `spectacular': Key

    Far from being an eyesore, the SkyCity convention centre is going to be a spectacular building that's great for Auckland, John Key says.

  • SkyCity's convention centre talking points NZ Newswire - Tue, May 26, 2015 2:03 PM NZST

    What people are saying about the newly-unveiled designs for Auckland's much-delayed international convention centre.

  • SkyCity's convention centre - a timeline NZ Newswire - Tue, May 26, 2015 11:06 AM NZST

    SkyCity's convention centre has been a long time coming - and hasn't been without controversy.

  • NPT posts 16% drop in annual profit NZ Newswire - Mon, May 25, 2015 2:35 PM NZST

    Property investor NPT has reported a 16 per cent lower net profit a 16 per cent higher trading profit.

  • Goodman Property lifts annual earnings NZ Newswire - Wed, May 20, 2015 9:58 AM NZST

    Annual earnings for Goodman Property Trust rise by $5m on the back of higher rents and a reduction in costs.

  • Dorchester Property sells Goldridge resort NZ Newswire - Mon, May 18, 2015 3:02 PM NZST

    The sale of Goldridge Resort Queenstown leaves Dorchester Property Trust with Christchurch apartments and a Gisborne hotel as its remaining properties.

  • Auckland housing market `like a buffet' NZ Newswire - Thu, May 14, 2015 12:46 PM NZST

    Foreign speculators are treating Auckland's housing market like a restaurant buffet and the government refuses to do anything about it, the Greens say.

  • Trading in Dorchester units halted NZ Newswire - Thu, May 14, 2015 12:23 PM NZST

    Dorchester Property Trust says a trading halt on its units, which are listed on the Unlisted platform, has been put in place pending a property sale.

  • Retirement accommodation 'distinctive' NZ Newswire - Thu, May 14, 2015 4:03 AM NZST

    An institution that has missed out on the Auckland property boom thinks retirement accommodation is just as distinctive an investment as Auckland.

  • Dorchester investor wants new manager NZ Newswire - Wed, May 13, 2015 12:29 PM NZST

    LET Securities is seeking enough votes at a special meeting to be appointed as the manager of Dorchester Property Trust.

  • New rules for Auckland property investors NZ Newswire - Wed, May 13, 2015 9:39 AM NZST

    Property investors in Auckland will have to have a deposit of 30 per cent in future under new rules being brought in by the RBNZ.

  • No change in median Auckland house NZ Newswire - Tue, May 12, 2015 3:50 PM NZST

    The median price of an Auckland house has risen nearly 18 per cent in the past year, although it hasn't changed over the past month.


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