The number of sales nationwide was up by 15.5% year-on-year to reach the highest level in five months in October, according to the latest REINZ data.
Additional infrastructure rates will be paid by people who buy properties in a newly announced housing development in Wainui, north of Auckland.
INVESTOR PROFILE: Kids TV presenter Walter Neilands had a fear of diving into property investment, but with the help of key mentors he’s built a portfolio of high-yielding properties.
Three central city units, which have all been renovated and are part of a 9 unit complex.
All units are on their own title so can be bought or sold separately.
Great for future-proofing your investment...
More Investment Gems »
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Economists believe the Reserve Bank has adopted a slightly more hawkish stance on the OCR, but say...
The Official Cash Rate (OCR) remains at 1.75%. We expect to keep the OCR at this level through 2019...
Ask an expert
“If you are a landlord offering a tenant a rent-to-buy option is the tax on the profit payable from the time of signing or the time of settlement? ...”
Our expert Matthew Gilligan responds »
Property manager termination
“My property manager failed to provide a signed tenancy contract. I have notified them but they still fail to remedy it. The property manager agreed to terminate their management agreement due to their failure in the management agreement clause. But I still haven't received the tenancy contract, so I don't have the...”
Our expert Bernard Parker responds »
Power meter expenditure
“I have a home and income type rental property. Both dwellings are rented separately. I have installed a separate power meter that cost me nearly $3500. Can you please advise me whether I can claim (tax deduction) as expenses or depreciation as building fit out? ...”
Our expert Mark Withers responds »
See also: Residental Dwelling Sales statistics »