Sales turnover in November was weaker than expected, the latest Real Estate Institute figures show.
A Reserve Bank decision to exempt new construction from the loan-to-value restrictions will be a double benefit, says a broker who has been campaigning for the change.
It may not be until March that there are any clear signs of where the real estate market is heading under the new loan-to-value restrictions, QV says.
CASH IN! Bargain Buying here, do the maths but don't be slow. Price slashed from $119,000 to only $99,000 and currently renting at $180pw. Offering 2 bedrooms, private rear yard and carport. Race to...
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It would stop anyone who was not a citizen from buying any existing residential property. The bill still...
Loan-to-value restrictions appear to be slowing the rate of sales under the hammer, Barfoot and Thompson...
Ask an expert
Earthquake compliance concerns
“I have been renting a property in an apartment building for nine months (of a 12 month fixed term lease). However just recently I have found out that the building I am living in is only 12% compliant with the earthquake building standards, the minimum is 33%. The engineers will not be starting on the building until next...”
Our expert Diane Nelson responds »
Hold or sell now?
“Dear Ron, would you hold your properties for another two to three years and pay off your own mortgage completely to be become freehold? Or is it better to sell now when the market is in a peak and minimize your existing mortgage? Thanks, Raja ...”
Our expert Ron Hoy Fong responds »
Body corporate fee rising
“I have an investment unit in Auckland that I purchased about four years ago. During the first two years the body corporate fees were about $2,000 per annum. Then they increased to around $3,500 the next year and now they have increased to over $5,000. They have more than doubled in just three years. The body corporate is...”
Our expert Ollie Mitch responds »
See also: Residental Dwelling Sales statistics »