Property

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Friday, January 17th 2025

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Wednesday, January 08th 2025

Bill strikes a fair balance between landlords and tenants

The newly enacted Residential Tenancies Amendment Bill will encourage more rental homes, provide greater clarity for landlords, and improve tenant accessibility, REINZ says.

Wednesday, November 13th 2024

Apartment owners thumped by consistently fast rising insurance

Treasury’s latest survey on insurance shows apartment and other multi-unit buildings (MUB) owners have borne the brunt of rising premiums.

House Prices

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Wednesday, January 15th 2025

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.

Friday, January 10th 2025

Similar Price Growth

Although houses prices typically rise more than apartments over the long-term, the gap is not as wide as many people expect.

Thursday, November 28th 2024

RBNZ: house prices may rise 7% a year in next two years

The Reserve Bank's forecasts were predicated on an assumption that house prices will rise about 7% in each of the next two calendar years, governor Adrian Orr told journalists after RBNZ cut its official cash rate (OCR) from 4.75% to 4.25%.

Commercial

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Friday, September 08th 2023

Raid on commercial investors depreciation of assets detrimental

The commercial property sector is deeply concerned about Labour and National policies to remove depreciation for commercial and industrial buildings.

Tuesday, June 27th 2023

Rents lift for suburban retail property

Retail business strategies are continuing to evolve in the post-pandemic operating environment, says JLL in its latest market snapshot.

Wednesday, May 24th 2023

Retail on the tipping point

Buoyed by an almost 50% increase on early last year’s consumer spending, retail operators are now having to compete to secure prime locations in Auckland’s CBD.

Mortgages

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Friday, July 28th 2023

First home buyers’ mortgage market share hits a record

The share of new mortgages to first home buyers rose for the third consecutive month to 24.4% last month, up slightly from 24.3% in May, the latest Reserve Bank figures show.

Monday, July 11th 2022

New mortgage lending rises after plunge

After plunging in April, new mortgage lending rose 20.4%, up $1.2 billion to $6.8b in May.

Monday, July 11th 2022

Guilty plea in mortgage fraud case

One of four property investors accused of deceiving banks and fraudulently obtaining millions of dollars in home loans has pleaded guilty.

Property Management

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Monday, December 11th 2023

Emotional harm award to tenant after power and water cut off

A North Shore landlord has to pay a tenant $4,000 for emotional harm, despite claiming the Tenancy Tribunal did not have jurisdiction to hear any claims because the tenant was a boarder.

Tuesday, December 05th 2023

Tenant left with damages bill despite not being responsible

A woman who left a rented Manurewa, Auckland property she shared with her partner after discovering he was using methamphetamine is still liable for a half share of Tenancy Tribunal awarded exemplary damages and other debts owed to the landlord.

Thursday, November 30th 2023

Too expensive and wrong – new property manager regulations needed

The Residential Property Managers Association (RPMA) wants a completely new property managers bill and is hoping to meet with Housing Minister Chris Bishop shortly to get work underway.

Opinion

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Wednesday, November 01st 2023

[OPINION] How to make 20% from commercial property

The great thing about commercial property is that there are a lot of ways to actively increase value.

Tuesday, September 19th 2023

[OPINION] How the next Government can help tenants

We hear many ways each political party talks about the housing crisis, and their solutions to fix this. Adding a new tax and tougher RTA rules to rental property providers is obviously not the answer.