Values up, sales down in August market
For only the third time in seven years no region around the country booked an increase in house sales for August, but property prices across New Zealand increased 8.2% on a year ago to $530,000.
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Frankton townhouse development started
Frankton townhouse development started
A Singaporean developer has begun construction of a $200million residential townhouse development in Frankton called Remarkables Residences.
National plans to double grant for first home buyers
National plans to double grant for first home buyers
Prime Minister Bill English has promised to double its Home Start grant for first home buyers at an announcement in Hobsonville this morning.
John Key sells off mansion for $20m
John Key sells off mansion for $20m
When Sir John Key retired as Prime Minister he revealed he would eventually trade his stately Parnell mansion in for a smaller place - and he has delivered.
Proposal to build on high-class soil opposed
Proposal to build on high-class soil opposed
A plan to subdivide a former market garden in Outram has been criticised by opponents who say it will waste land that could form part of Dunedin's ''food basket''.
Property division proposed
Property division proposed
A historic Mosgiel homestead is the subject of subdivision application.
Generations divided over how to make houses affordable
Generations divided over how to make houses affordable
Older Kiwis think more houses should be built but younger generations prefer the idea of restricting ownership to residents.
Auckland couple rapt with Dunedin
Auckland couple rapt with Dunedin
Dunedin is the place to be. At least that seems to be the case for out-of-towners buying houses in the city.
Colliers merges with Chapman
Colliers merges with Chapman
Commercial property specialists Colliers International has announced a second business merger, with Dunedin-based valuation company Chapman Consultancy.
Historic York Pl property for sale
Historic York Pl property for sale
The 1903 house and clinic of New Zealand's first female medical graduate, Emily Siedeberg, who graduated from the University of Otago in the late 1800s, is for sale.
Two ideas to overcome housing cost
Two ideas to overcome housing cost
Low-cost land leases and a non-bank lending scheme are two of the ideas being considered by a mayoral task force set up to tackle unaffordable housing in Queenstown.
Otago house values rise
Otago house values rise
Queenstown, Central Otago and Dunedin house value growth remains two to three times above the annual national average, but cracks appearing in the quarterly data show prices easing.
Extremes of affordability in the South
Extremes of affordability in the South
Otago-Southland features prominently in the latest Massey Home Affordability Index, for reasons at both ends of the financial spectrum.
$100m hotel complex planned near gondola
$100m hotel complex planned near gondola
A planned $100million luxury hotel complex near Skyline’s gondola marks a Queenstown comeback for an American developer.
Median house prices still creeping upwards
Median house prices still creeping upwards
National median house prices continue to steadily tick upward despite an easing in quarterly and month-on-month gains.
Negatives of debt-to-income loans outlined
Negatives of debt-to-income loans outlined
The Property Institute has slated a proposal by the Reserve Bank that it be given powers to impose debt-to-income limits on mortgage lending, saying it could inflict "significant damage" to the...
‘Terrible waste of money’
‘Terrible waste of money’
Housing investors would be better off putting their money in commercial property stocks, which provide higher yield than the slowing residential market, a broker says.
Housing value growth eases
Housing value growth eases
Quarterly housing data reflects a continued easing in values as homes in the South dial back from double-digit growth to single-digit gains for the quarter to March.
'Essential' workers win bargain homes
'Essential' workers win bargain homes
Thirty-four workers in "essential services" have won heavily discounted houses under a scheme aimed at helping them afford to live in Auckland.
Dunedin above housing average
Dunedin above housing average
Queenstown, Central Otago and Dunedin remain well above the national average for house values in May, which nationally gained almost 10% in value during the past year.