Relevance of capital valuation debated
The use of capital value (CV) as a measurement of what homes may be worth is a grey area for both sellers and buyers and most real estate agents see little relevance in CV data.
Business
House prices skyrocket in Dunedin, Invercargill
House prices skyrocket in Dunedin, Invercargill
Dunedin and Invercargill have outstripped all cities around the country with average house prices up 11%-12% during the past year - more than triple the countrywide average of 3.5% gains.
Home lending restrictions to ease from January
Home lending restrictions to ease from January
Home lending restrictions are to ease from January next year.
First home buyers could get break on LVR rules
First home buyers could get break on LVR rules
The tough lending rules that set deposit levels for home buyers could be relaxed this week in response to a flattening property market, although economists warn the Reserve Bank will move cautiously and keep a close eye on debt.
Letting fees replaced by 'tenancy fees'
Letting fees replaced by 'tenancy fees'
Property managers are making up for a ban on letting fees by introducing a new charge for landlords.
Record median house prices in Otago, Dunedin
Record median house prices in Otago, Dunedin
Southern regional median house prices have taken off again, Otago and Dunedin hitting record prices of $480,000 and $430,500 respectively.
Market edges closer to a buyer’s
Market edges closer to a buyer’s
House-price growth may have peaked across much of the country as the housing market edges closer to becoming a "buyer’s market", ASB chief economist Nick Tuffley says.
Real estate industry warned: Agent hit with $35k penalty
Real estate industry warned: Agent hit with $35k penalty
A real estate agent who sold a Wellington home with rot and "bogged" weatherboards has been ordered to pay $35,000 by the industry's disciplinary tribunal after the owner suffered losses of more than $200,000.
Fewer house sales to foreign buyers
Fewer house sales to foreign buyers
There does not appear to have been a surge of foreign house buyers trying to get into New Zealand's housing market, before new rules disqualified them.
Criticism over new KiwiBuild buyers' suitability
Criticism over new KiwiBuild buyers' suitability
Everyone in New Zealand is entitled to having an opportunity of home ownership, the current Government says.
Landlords want new three strikes rule to evict tenants
Landlords want new three strikes rule to evict tenants
New Zealand's 1.5 million tenants in the country's 546,000 rental properties could be subject to a new three strikes pre-eviction policy under a proposal from the country's largest landlord group.
MPs back ban on tenant letting fees
MPs back ban on tenant letting fees
A ban on letting fees for tenants could be in place as early as December to protect renters during the peak summer period.
House values in Dunedin up 2.4%
House values in Dunedin up 2.4%
House values in Dunedin are continuing their upward trend, increasing 10.4% in the year to September and 2.4% over the past three months.
Napier rental gets 900 inquiries
Napier rental gets 900 inquiries
Napier families who are desperate for housing are applying for flatshares and one-bedroom units.
Household expectations at a low
Household expectations at a low
New Zealand households are particularly concerned about the outlook for their own finances and the general economy over the next year, Westpac chief economist Dominick Stephens says.
One in four homes purchased by first-home buyers
One in four homes purchased by first-home buyers
First-home buyers are increasingly jumping back into the housing market as near-record low interest rates and predicted price falls help them rekindle the Kiwi dream of home ownership, experts say.
Foreign buyer ban set to hit Queenstown - Westpac
Foreign buyer ban set to hit Queenstown - Westpac
Queenstown and Auckland house prices will "clearly" be hurt by the upcoming foreign buyer ban, Westpac says.
NZ house prices second-most overvalued in world
NZ house prices second-most overvalued in world
New Zealand's house prices have been ranked the most overvalued in the developed world behind only Hong Kong.
House buyers turn to Dunedin, Southland
House buyers turn to Dunedin, Southland
Annual growth rates in house values around Otago and Southland continue to climb, but growth over the most recent quarter reveals an easing to 3% or less for most places.
Move to help Q'town home buyers
Govt moves to help Queenstown home buyers
House price caps for Queenstown Lakes will be increased to enable more first-home buyers to get on to the property ladder, the Government announced today.