Property News
It’s all about supply
New Zealand’s housing shortage is getting worse, not better, and that’s why huge price falls are unlikely going forward, according to Kiwibank economists.
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Mum & Dad investors on the rise
Tax and housing policy changes seemed likely to deter smaller investors but new CoreLogic research shows their market share is actually increasing.
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Bachcare charged with misleading consumers
The Commerce Commission alleges the online holiday rental booking platform has manipulated online user reviews it has received.
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Super City changes enabled by Unitary Plan
Investors – take note: Auckland’s housing stock is changing with nearly two thirds of the new dwelling consents in May for apartments and townhouses.
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Changes to quake prone building system
Owners of earthquake-prone buildings (EPBs) will now be able to conduct modest building alterations without having to undertake seismic strengthening work at the same time.
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Five year low for sales
Sales volumes nationwide tumbled to a five year low in June’s REINZ data, highlighting that the heady days of the property market’s boom are winding down.
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ComCom takes Ronovationz to court
Property investment guru Ron Hoy Fong’s company is being prosecuted by the Commerce Commission over allegations of price fixing.
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Those who benefit should pay
Property owners who benefit from new public infrastructure projects could end up paying a tax on their gains – if new Productivity Commission recommendations get adopted.
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Values on the edge of town
It’s best to look to the outskirts of the main centres for value increases these days as value growth continues to slow around the country.
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Consents at 45 year high
KiwiBuild production may have struggled to get off the ground but the wider construction industry is powering on with new data revealing that consents hit a 45 year high in May.
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Limited stock makes for muted market
It has the lowest amount houses available to sell in nearly a year, but Auckland’s biggest real estate agency sees positive trends in the market.
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Housing team takes over from Twyford
Housing is fraught, complex and – as the Cabinet reshuffle reveals – a portfolio that is no longer considered suitable for a single minister.
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No monolithic cladding, no price stigma
Investors worried about the value of a leaky home they own can take heart from new research showing there’s no price stigma when it comes to tactically remediated properties.
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Housing market risks for NZ - OECD
The steep rise in New Zealand’s house prices is a major risk to the country’s economic success, a new report from the OECD warns.
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Homesellers required to provide IRD number
Investors who flip properties are currently subject to the bright line test, but owner-occupiers are not. That is now set to change.
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