Compared to rents and incomes, New Zealand houses are among the most overvalued in the world, Economist magazine says.
Kiwibank has not had to cut its lending to first-home buyers as a result of the loan-to-value restrictions, a spokesman says.
July’s building consent figures have been held up by the Government as proof that its initiatives are working.
PRICE CHANGED TO PRICE BY NEGOTIATION We have a renovated property ready for an Investor to step in and enjoy a strong yield in a very hot market. This investment property is in a quiet, well established...
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Ask an expert
“We own a house in Lower Hutt and are shifting into Wellington Central. We are contemplating three options. First is to buy in Wellington and sell in Lower Hutt. The second is to buy in Wellington and rent out the house in Lower Hutt. The third is to rent in Wellington and rent out the house in Lower Hutt. We would be grateful...”
Our expert Mark Withers responds »
Who pays fixed costs?
“Who pays for electricity and water fixed charges? Everytime I call the DBH I get a different response from different customer service people. I have a flat underneath my house with its own electricity and water meter. Thank you. ...”
Our expert Alan Bruce responds »
Obliged to move in?
“Hi, my wife found a house through a letting agency and was quite happy with it after viewing it. The letting agent advised her to go to the office and sign the papers. She did not sign the papers because she wanted me to have a look at it too but she paid the letting fee. A few days later when I had a look at the house,...”
Our expert Juliet Robinson responds »
See also: Residental Dwelling Sales statistics »