Mike Pero exits real estate business
Well-known Christchurch-born businessman and entrepreneur Mike Pero has exited his ownership of the real estate business which still bears his name.
Business
New Zealand already has a capital gains tax - you probably just didn't know it
New Zealand already has a capital gains tax - you probably just didn't know it
Prime Minister Jacinda Ardern might have ruled out bringing in a capital gains tax, yet there is already a tax on the books that could do the job instead.
Govt introducing capital gains tax by stealth: Seymour
Govt introducing capital gains tax by stealth: Seymour
The Government is being accused of planning to introduce a capital gains tax by stealth, after Finance Minister Grant Robertson asked Treasury for advice on extending the brightline test.
Govt makes move to cool overheated housing market
Govt makes move to cool overheated housing market
Finance Minister Grant Robertson has taken a significant step in the Government's quest to address soaring house prices by lobbying the Reserve Bank to change its mandate.
Slight dip in house prices doesn't buck upward trend
Slight dip in house prices doesn't buck upward trend
Median house prices in Dunedin and Queenstown dropped slightly in October from September, but remain significantly higher than at the same time last year, the Real Estate Institute of New Zealand’s...
House prices rise nearly 20% in a year to median $725K
House prices rise nearly 20% in a year to median $725K
House prices have increased 19.8 percent year-on-year with the median now at $725,000.
Christchurch UFO house up for sale
Christchurch UFO house up for sale
One of the last remaining Futuro houses is up for sale in Christchurch.
'I am never not worried about housing' – PM on rising prices
'I am never not worried about housing' – PM on rising prices
Prime Minister Jacinda Ardern has admitted she is worried about the housing market, as house prices continue to rise amid a period of tepid economic growth.
Bank releases NZ's first sub 2 percent mortgage rate
Bank releases NZ's first sub 2 percent mortgage rate
Heartland Bank has released the lowest home loan rate in New Zealand history.
Housing crisis under election scanner, Kiwis missing out
Housing crisis under election scanner, Kiwis missing out
Chris Rodley says the New Zealand coastal city of Nelson, in a region known for its vineyards and stunning landscapes, has always been a magnet for job seekers.
Otago median house prices at record high
Otago median house prices at record high
National and Otago house prices are at an all-time record due partly to the pandemic as sales rally post-lockdown and people upgrade their homes where they're spending more time.
Central property defies bad trends
Central property defies bad trends
Cashed-up expat New Zealanders are helping the Central Otago and Queenstown Lakes real estate market defy predictions of a downward spiral in a post-Covid-19 environment, agents say.
Dunedin property market ‘absolutely mental’
Dunedin property market ‘absolutely mental’
The Government needs to change the rules to help first-home buyers enter Dunedin’s “absolutely mental” property market, a frustrated house hunter says.
Vendors still expect high prices for houses
Vendors still expect high prices for houses
Asking prices for houses are still hitting record highs in some regions, but the number of listings is down.
Young home buyers eye up Otago properties
Young home buyers eye up Otago properties
For the first time in years, more people in their 20s are eyeing up the housing market, and interest is particularly high in parts of Otago.
Dunedin buyers 'lined up waiting' for lockdown to lift
Dunedin buyers 'lined up waiting' for lockdown to lift
Ex-pats desperate to get out of London and first-home buyers determined not to miss out on while money is cheap have inundated real estate agents with calls to inspect homes for sale from April 28.
ASB expects 6% house price decline, rapid recovery
ASB expects 6% house price decline, rapid recovery
Senior economist Mike Jones says March pricing data has confirmed that the national housing market has "barrelled into lockdown" and says Queenstown and the Southern Lakes region, which are being devastated by the impact on tourism, would be hardest hit.
‘The buyer’s going to become king’
‘The buyer’s going to become king’
Real estate agents are hopeful increased interest in property will translate to action once people can move more freely.
Owners list rentals, seek clarity
Owners list rentals, seek clarity
Airbnb properties are being converted to rentals in Dunedin in light of the Covid-19 outbreak.
Otago house prices up by almost 20%
Otago house prices up by almost 20%
The number of houses sold in Otago has increased by half on the previous month as prices continue to show large increases on last year.