Property News
Don’t count on a market upturn
It’s been a spectacular run for the market but this property cycle has done its dash and recent positive developments aren’t likely to cause a major upturn, one top economist says.
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Rental property confidence dims
Confidence in rental property as an investment option is flatlining nationwide – thanks to the uncertainty surrounding the housing market.
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NZ sales on downbound train
There’s no escaping the downward trend in sales exposed by new REINZ data but some commentators believe last week’s OCR cut could counter the fall.
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Who loves property the most?
New Zealanders love buying property – despite popular hostility to investors – and so too do our elected representatives. This year’s register of MP’s pecuniary interests reveals how much.
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Opportunity in Auckland bitcoin house sale
Investors keen to convert some digital currency into a hard asset should check out New Zealand’s first official bitcoin house sale
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OCR cut to boost market
New Zealand has never seen the Official Cash Rate (OCR) go so low. Now commentators are saying it will reignite the cooling embers of the property market.
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No let-up in Kiwis love for property
Property investors get a bad rap and yet nearly half of New Zealanders believe property is the best way to generate wealth for retirement.
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Gone: foreign buyers leave market
Overseas buyers have dropped out of the market with new Stats NZ data revealing that the number of property transfers they are responsible for has plummeted this year.
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Market uncertainty thumps Auckland sales
Uncertainty around prices and the spectre of a capital gains tax had a hefty impact on Auckland sales volumes in April.
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SuperCity back to “old normal”
The Auckland region’s average asking price dropped to its lowest level since 2016 in April, according to the latest Realestate.co.nz figures.
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Regional value stars in slow market
Looking for growth areas in a modest market? New QV data shows that smaller, regional markets like Gisborne and Horowhenua are turning in the best performances.
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Ditching CGT a win for common sense
Celebration is the name of the game for property investors nationwide after the Government announced that it won’t be introducing a capital gains tax.
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CGT reprieve
New Zealand will not see the introduction of a capital gains tax after the Coalition Government was unable to reach a consensus on the issue.
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Swap keys, save sale costs
Swapping house keys could be a way for investors to avoid much of the hefty costs involved in the traditional sale process.
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Low mortgage rates vs CGT
Plunging mortgage rates will stimulate the housing market but it is the prospect of tax change that will have the bigger market impact, Westpac’s chief economist says.
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