None of Dunedin's houses will pass a rental warrant of
fitness if the standards used during a recent trial of scheme
The Government's failure to ''get a grip'' on electricity
prices and the property market resulted in the Reserve Bank
again lifting interest rates, Green Party co-leader Metiria
Turei said yesterday.
House prices are being picked to continue to rise for the
year and flagging sales numbers get a boost, before hitting a
''pervasive slowdown'' in 2015, according to Westpac
economist Dominick Stephens.
Rural land has made the biggest gain in the latest Central
Otago revaluation, with dairy properties increasing in value
by up to 40%.
Residential property values remained relatively flat in parts
of Otago last year, any increases well below the national
New Zealand has one the world's most over-valued housing
markets, according to the Economist.
From the outside, the jobs of golf professional at the home
of the Ryder Cup and property manager in Dunedin might not
appear to have much in common.
There were 80 property sales totalling more than $53 million
in Queenstown last month, making it the strongest month for
the resort in five years.
Despite the worst of the economic recession being over for
two years, mortgagee sales are trending higher again,
particularly in provincial and rural areas.
Demand for Queenstown properties worth more than $1 million
increased in April.
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