Has the bubble burst?
Friday 20 February 2004
Property Management
Surge in rental demand in Palmerston North
New ring-fencing rules in play
Bad behaviour behind most 90-day notices
Rents ramp up in Capital’s tight market
Govt must regulate property managers - REINZ
The staggered rise of big city rents
Relationship break-up not cause to end tenancy, tribunal says
Nelson's property boom has suffered a sudden slowdown as the region's market starts to cool.
By The Landlord
Real Estate Institute of New Zealand Nelson Marlborough president Darryl Marshall this morning said the next few months would tell where the property market was headed.Just released institute statistics reveal the median selling price of a home in the Nelson-Marlborough region dropped by more than $20,000 to $265,750 - the single biggest decline across all regions last month.
The Nelson area median price dropped from $322,625 to $310,875 - better than the $203,531 posted last January but not enough to buoy residential sales.
Nelson city and Richmond sales dropped 21 percent, Motueka by 27 percent, 23 percent in Golden Bay, and a whopping 33 percent in Nelson country.
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Property News
Return to market form
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
House Prices
No stopping Capital price rises
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Commercial
NZ proptech start-up scores major investor
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
Mortgages
LVR limits slow down investors
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.
