Housing market confidence has bounced back since the election eight months ago, with regional areas leading the way.
New Zealanders seeking a home could be given access to a second, interest-free mortgage under a scheme being considered by the Government.
Otago house prices have topped a record $460,000 median price, a gain of almost 20% on last year’s prices.
Fire engineers are accusing councils of making illegal demands on them that are inflating building costs by thousands of dollars.
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.
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.
The sale of an Auckland waterfront home could have set a new national house price record for the year, fetching just under $30 million.
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.
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.
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.
Few Whanganui properties have more old-world elegance or the rich history than the majestic Fernielea homestead in Fordell.
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.
Auckland and Queenstown Lakes continue to cool while Dunedin, Central Otago and the Mackenzie district have posted gains well ahead of national averages.
A super-home at arguably Queenstown’s best address has just been priced for sale for an eye-watering $23.5 million.
A bogus listing for a nonexisting Queenstown holiday home has left groups of Asian tourists scratching their heads.
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 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.
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.
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 continue to climb year-on-year but the quarterly value gains reflect a general easing around the country.