Property News
Has the sun set on holiday rentals?
With all the talk of increased council rates and compliance for short term rentals, do they still make investment sense? This month NZ Property Investor magazine investigates.
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Ring-fencing Bill hits Parliament
[UPDATED] The Bill which will put an end to the practice of negative gearing on investment properties has now been introduced into Parliament.
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Sales surge up in Super City
Concerns that Auckland might soon follow the Sydney and Melbourne markets in their downward spiral should be alleviated by new Barfoot & Thompson data.
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Strong value growth in affordable centres
Affordability is the critical factor in the ongoing strong value growth seen in a number of markets around the country, notably Dunedin and Wellington.
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Queenstown price chill post-ban
The Central Otago-Lakes District could be feeling the effects of the foreign buyer ban with new data showing a sharp drop in the region’s average asking price.
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Boom times for Auckland consents
Residential building activity is hitting new heights in Auckland with the city now seeing the highest level of new dwelling consents being issued since the early 1970s.
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Halt to apartment law reform plan
There’ll be no immediate reforms to apartment law after the Housing Minister declined to adopt a new Unit Titles Bill drafted by two National MPs.
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CGT would be repealed under National
If a capital gains tax is put in place by the Labour-led government, it will be repealed by a National government, National Party leader Simon Bridges says.
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Belief in rental investment returns cools
New Zealand investors’ love of rental property is waning, with confidence in its potential returns now at its lowest level in four years.
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Court of Appeal rules against price fixers
The Court of Appeal has found in favour of the Commerce Commission in a long-running price-fixing saga involving two Hamilton real estate agencies.
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Migration at lowest since 2015
The number of people moving to New Zealand is at lowest level in three years but economists say that doesn’t mean a rapid fall in migration is coming.
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Rates fall boosting housing market - Westpac
Mortgage rates have fallen to record lows recently and the housing market is perking up as result – but it won’t last, Westpac’s chief economist says.
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Sales activity bounces back to life
The number of sales nationwide was up by 15.5% year-on-year to reach the highest level in five months in October, according to the latest REINZ data.
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Infrastructure “tax” for buyers in new development
Additional infrastructure rates will be paid by people who buy properties in a newly announced housing development in Wainui, north of Auckland.
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Taking the plunge
INVESTOR PROFILE: Kids TV presenter Walter Neilands had a fear of diving into property investment, but with the help of key mentors he’s built a portfolio of high-yielding properties.
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