Property News

Covid be damned – the market is booming

Those who were anticipating a Covid-prompted housing market collapse got it wrong with the latest REINZ data revealing strong growth in prices and sales.

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Real estate price-fixing saga ends with big penalty

Price-fixing is in the spotlight, once again, after the Auckland High Court ordered two Hamilton real estate agencies to pay $4 million for engaging in it.

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Interest rates not bargains driving investors

Investors’ hopes of picking up a property bargain in the post-Covid market are fading, the latest joint survey from REINZ and economist Tony Alexander reveals.

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Super City powers through lockdown 2.0

Lockdown 2.0? What lockdown? Auckland’s residential property market sailed through the level three restrictions, according to the city’s largest real estate agency.

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High consent issuance not expected to continue

Over 10,000 new dwelling consents were issued in the three months to July, a rolling total not seen since the 1970s. But economists don’t expect the trend to continue.

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Record housing stock lows round NZ

The amount of available housing stock for sale nationwide plummeted to record lows in August – and that’s helping keep prices bubbling up.

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Consents no longer needed for low-risk work

Good news for those wanting to add a sleep-out, shed or carport to a property: today’s the day that consents are no longer needed for low-risk building work.

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Online rent talk attracts ComCom attention

Think it’s okay to post about increasing rents on social media? Well, think again. That’s the warning contained in a Commerce Commission letter sent to property investor representatives last week.

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Buyer sentiment at eight year high

More people now believe that it is a good time to buy a house than at any other time since 2012, ASB’s latest Housing Confidence Survey reveals.

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Clouds remain over housing market

Falling mortgage rates will provide support to the housing market over the coming year – but a weakening of the market is still on the cards, according to bank economists.

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Investors' market share on the rise

Concerns about the rising costs of being a landlord aren’t deterring investors with new data showing that mortgaged investors’ share of purchases surged to a four year high in July.

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Election not an issue for property buyers & sellers

This year’s general election may have been postponed to October 17 but a new survey reveals that the election is not a concern for a vast majority of property buyers and sellers.

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Covid-19 return could derail market boom

The housing market was booming in July with price and sales up nationwide, new REINZ data shows, but the return of Covid-19 raises questions of how the market will fare going forward.

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The return of Covid-19: what it means for landlords

After 102 days, Covid-19 is back and that means Auckland is returning to alert level three, while the rest of New Zealand will go to alert level two, on Wednesday. So what does that mean for landlords?

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How elections impact on the market

Elections have an impact on property market activity, don’t they? Actually - it depends, new Colliers International research suggests.

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