Property

House prices picked to keep rising

House prices picked to keep rising

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.

Significant increases in value, number of dairy properties

Rural land has made the biggest gain in the latest Central Otago revaluation, with dairy properties increasing in value by up to 40%.

Property values remain flat

Residential property values remained relatively flat in parts of Otago last year, any increases well below the national average rise.

NZ housing market substantially over-valued

New Zealand has one the world's most over-valued housing markets, according to the Economist.

Property is their passion

Property is their passion

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.

Property sales best for 5 years

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.

Forced property sale numbers up in some areas

Forced property sale numbers up in some areas

Despite the worst of the economic recession being over for two years, mortgagee sales are trending higher again, particularly in provincial and rural areas.

House sales up at top end

Demand for Queenstown properties worth more than $1 million increased in April.

Twenty properties for auction

Twenty properties for auction

Confidence in the Wakatipu's real estate sector as a lifestyle and holiday home destination will be tested when Bayleys Queenstown auctions 20 homes, apartments and bare section plots in "The Big Call" on May 3.

Wanaka cottage sells for $1.1m

Wanaka cottage sells for $1.1m

A two-bedroom cottage on a 637sq m section, a stone's throw from Lake Wanaka, sold for $1.1 million at auction at the weekend, well above its rateable value of $880,000.

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