Property News
The truth about flipping
Claims about the sky-high gains generated by property flippers ignore the costs and taxes that come with trading properties – and that means the profit assumptions are wrong, property experts say.
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Price fixing earns Ronovationz $400k penalty
Property investment guru, Ron Hoy Fong’s, company has been handed down a $400,000 penalty by the High Court after admitting to price fixing in Auckland’s real estate market.
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Sales fall highlights sluggish market
The Reserve Bank’s dramatic OCR cut in August was meant to prompt a pick-up in the housing market but new REINZ data shows sales have slumped again.
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Changing the game
Investors keen to minimise the costs that come with selling properties might want to look to a new real estate agency which is aiming to disrupt the industry.
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Ronovationz faces $400k fine for price fixing
“Super” investor Ron Hoy Fong’s property coaching company, Ronovation Ltd, is staring down the barrel of a hefty $400,000 fine for price fixing.
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Rent-to-buy scheme key to KiwiBuild II
It’s still KiwiBuild but not as we know it after the Government announced that it was scrapping the 100,000 homes target and introducing new home ownership initiatives.
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No momentum in Auckland sales
Auckland prices remain strong but sales are down and the market is suffering from a lack of momentum, according to the city’s biggest real estate agent.
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Hints of market resurgence
Lower interest rates are prompting renewed interest in the property market with Realestate.co.nz reporting a surge of activity in August.
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New policy to address “failing” cities
Restrictive planning laws mean New Zealand cities are “failing” so the Government has announced a new urban development initiative to tackle the problem.
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A tale of two cities prices
Asking prices in Auckland continue to decline while Wellington’s asking prices are still running hot, according to the latest Trade Me Property Price Index.
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Development focus for new Hamilton-Auckland partnership
Investors looking for future growth hotspots should keep an eye on the “Hamilton-Auckland Corridor” after New Zealand’s first urban growth partnership was signed on Thursday.
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Stronger market on the cards
Those predicting a property market crash might have to reconsider as the latest REINZ data reveals signs of an improving market nationwide, including an increase in sales activity.
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Improvements in affordability nationwide
Lack of affordability has long been a problem for New Zealand’s housing market, but a new report suggests the tide could be turning.
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Affordability key to value growth
Whether values are going up or down in markets around the country, new QV data highlights that affordability – or the lack of – is a key determinant.
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Investor confidence in property softens
There have been some positive housing market developments of late but they haven’t served to boost investor confidence about residential rental property.
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