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.
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$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.
No new housing measures expected with review
No new housing measures expected with review
The Reserve Bank is not expected to bring the fireworks to its Financial Stability Review tomorrow, although the report will be examined more closely than usual.
Farmers’ support trusts go national
Farmers’ support trusts go national
Gavan Herlihy has had a lifetime on the land and says rural support trusts are a lifeline for many farmers "when the chips are down".
Skyline may refer car park directly to court
Skyline may refer car park directly to court
Skyline Enterprises Ltd has indicated it is likely to apply for a direct referral to the Environment Court over its proposed multistorey parking building.
Properties without water in Frankton
Properties without water in Frankton
Some Frankton properties will be without water for much of the day after a water main failed today.
Stormwater, parking major issues for Skyline
Stormwater, parking major issues for Skyline
An Environment Court judge says unless Skyline Enterprises Ltd can resolve issues around parking and stormwater, it is likely consent for its gondola development will be declined.
Sentiment in house market changing
Sentiment in house market changing
The prospect of rising house prices and higher interest rates seems to be causing some people to rethink whether this is a good time to buy a house.
Otago house price up $43k in year
Otago house price up $43k in year
The median house price across Otago rose $43,000, or 13%, in the year to April to reach a record high $381,000 but the new figures should be treated cautiously.
Renting beats buying, new data shows
Renting beats buying, new housing data shows
A new set of housing data has Otago sitting in the middle of an affordability index of 16 regions around the country.
Southern farm sales increase on last year
Southern farm sales increase on last year
Farm sales remain strong in Southland and Otago, with 25 more farms sold in the past three months than this time last year.
Easing trend for home values in some areas
Easing trend for house values in some areas
Quarterly housing values in some areas have been easing as the Reserve Bank's loan to value ratio restrictions impact on buyers.
Tuapeka outlining property plans
Tuapeka outlining property plans
The first information meeting for the Tuapeka Gold Print property syndicate will be held in Queenstown this morning, to be followed by another in Dunedin tonight.
Otago housing records reached
Otago housing records reached
Otago ticked off several real estate milestones in March, as the median price reached a record, sales rose 29% compared to February and the number of days to sell improved by seven days.