Housing bounces back
Housing market confidence has bounced back since the election eight months ago, with regional areas leading the way.
Business
Govt mulls interest-free mortgages
Govt mulls interest-free mortgages
New Zealanders seeking a home could be given access to a second, interest-free mortgage under a scheme being considered by the Government.
Otago houses rise 20% on year ago
Otago houses rise 20% on year ago
Otago house prices have topped a record $460,000 median price, a gain of almost 20% on last year’s prices.
Bureaucratic nightmare: building costs being 'inflated'
Bureaucratic nightmare: building costs being 'inflated'
Fire engineers are accusing councils of making illegal demands on them that are inflating building costs by thousands of dollars.
Otago house prices rise strongly
Otago house prices rise strongly
Otago chalked up one of the highest monthly house price gains in the country for March, with prices up 11% to $405,500, while nationally the median price struck a record high of $560,000.
Southern house gains leading the way
Southern house gains leading the way
Otago and Southland areas have kept ahead of the annual 7.3% national property value gains, as national sales numbers are up for the month but most value growth is subdued across the country.
Property record: Mansion goes for just under $30m
Property record: Mansion goes for just under $30m
The sale of an Auckland waterfront home could have set a new national house price record for the year, fetching just under $30 million.
Median house prices increase in Otago, flat in Dunedin
Median house prices increase in Otago, flat in Dunedin
Year-on-year median house prices continued to climb across the country, Otago and Southland both bettering the national average gain of 6.9% for February, which rose from $496,000 to $530,000.
Luxe properties sold in Otago, other centres total $256m
Luxe properties sold in Otago, other centres total $256m
Outside of Auckland, the area around the luxury resort of Queenstown saw some of the country's most expensive sales. A Brunswick St property sold for $9.3m and was the area's most expensive sale in the past five years.
Up to 90% of first-home buyers relying on parents
Up to 90% of first-home buyers relying on parents
The gap between the property haves and have-nots looks set to widen as a growing number of first-home buyers turn to their parents to get help jumping on the property ladder.
Homestead on market for third time in 150 years
Homestead on market for third time in 150 years
Few Whanganui properties have more old-world elegance or the rich history than the majestic Fernielea homestead in Fordell.
Decision on density of housing expected
Decision on density of housing expected
A zoning decision is due out in late April which will determine what building density can be applied to 9.5ha of land above Queenstown, being sold by the Queenstown Lakes District Council.
Dunedin, Central outstrip national property gains
Dunedin, Central outstrip national property gains
Auckland and Queenstown Lakes continue to cool while Dunedin, Central Otago and the Mackenzie district have posted gains well ahead of national averages.
Resort super-home priced at $23.5m
Queenstown super-home priced at $23.5 million
A super-home at arguably Queenstown’s best address has just been priced for sale for an eye-watering $23.5 million.
Resort scam: Fake listing dupes tourists
Resort scam: Tourists duped by fake holiday listing
A bogus listing for a nonexisting Queenstown holiday home has left groups of Asian tourists scratching their heads.
House flipping flops: research
House flipping flops: research
Property "flipping" has flopped in the past two years, as the housing market flattens and people see fewer opportunities to make money from buying and quickly selling houses.
Otago leads property increase
Otago leads property increase
Otago median house prices have posted a massive gain of almost 33% for January, hitting a record $475,000, according to Real Estate Institute of New Zealand data released yesterday.
5-year bright-line too much, says expert
5-year bright-line too much, says expert
The Government has gone too far with its attempt to dampen property speculation through an extension to the bright-line test, Dunedin tax expert Scott Mason says.
Former NZ Premier's home on the market
Former NZ Premier's home on the market
Two attempts to keep the historic Westoe homestead in the Howard family have failed and the 1874 Rangitikei farm house is now for sale by tender.
Otago house values still rising
Otago house values still rising
Otago house values continue to climb year-on-year but the quarterly value gains reflect a general easing around the country.