Property

The First Home Loan cap in Dunedin has been lifted to $500,000. PHOTO: GERARD O’BRIEN

Further help in Budget for first-home buyers

It is good news for potential first-home buyers.

First-home buyer loan scheme shaken up in budget

House price growth in both Otago and Southland is expected to slow over the coming months. PHOTO:...

First-home buyer loan scheme shaken up in budget

For aspiring first-home buyers, price and income caps will now be reviewed every six months. Housing Minister Megan Woods said Budget 2022 would help more people get first home grants and loans.

Britten Stables sold for more than $4m above RV

The Christchurch house that once belonged to renowned inventor John Britten fetched close to $8m late last year, it can now be revealed.

Dunedin house values drop, worse forecast

Dunedin house values drop, worse forecast

Increasing interest rates and tighter lending rules have caused Dunedin’s house prices to take a sharp fall and a mortgage broker is warning worse is yet to come.

Unsustainable housing market poses risk to economy - Reserve Bank

The Reserve Bank says a larger housing correction could be on the cards, as house prices remain above sustainable levels.

Canterbury house prices still rising, may escape downturn

Canterbury may escape the sudden downturn in housing market value experienced elsewhere around the country.

South Island buyers are more upbeat about the housing market

Waitaki district house and land values have increased in the recent Quotable Value (QV) valuation...

South Island buyers are more upbeat about the housing market

One in four South Islanders believe house prices in their area are too high, but despite this, more than a third are confident they could buy a house in the current market.

Thousands of first-home buyers could be in trouble

Would-be buyers are experiencing difficulties in securing a home loan after the Government’s...

Thousands of first-home buyers could be in trouble as interest repayments surge

There are fears thousands of first home buyers will be tipped into financial distress by rising mortgage rates, as the Reserve Bank tries to battle inflation.

Sloppy builders may be contributing to building inspection delays

Sloppy builders may be contributing to building inspection delays

Sloppy builders and an increase in building consents are contributing to the lengthy delays some are facing when booking a building inspection.

Dunedin boat shed sells for $95k

A 16sqm boathouse on the water at Purakaunui, north of Dunedin, sold for $95,000. Photo: Supplied

Dunedin boat shed sells for $95k

It may have sold on April 1, but the $95,000 paid for a picturesque boat shed at Purakaunui, 30 minutes north of Dunedin, was no joke.

‘Thrilled’ to see changes to lending laws

Kim Anderson-Robb. PHOTO: GERARD O'BRIEN

‘Thrilled’ to see changes to lending laws

A Dunedin woman who became the face of opposition to controversial lending laws says she is "thrilled" to see changes and hopes speaking out made a difference.

House sales drop to lowest levels since 1992 in some regions

The Real Estate Institute says agents have linked credit law changes to a big drop in house sales in the last month.

Keen to get roofs over heads in the South

Kerrie Young, Kainga Ora’s regional director for South Canterbury, Otago and Southland, at work...

Keen to get roofs over heads in the South

When making profits for people no longer interested Kerrie Young, she took a leap of faith into the public sector. Now she is in charge of the lower South Island’s public housing stock.

Mortgage approvals in South contract

Approval rates for mortgages in Otago and Southland dropped by 6.5% after the Govt's new lending rules came in, the latest figures reveal. And a financial expert believes the rate could be even higher now.

Vauxhall becomes Dunedin's third million-dollar suburb

With stunning views of the city, Vauxhall sits above Portobello road with Andersons Bay and Shiel...

Vauxhall becomes Dunedin's third million-dollar suburb

Median house values in four areas of New Zealand rose by more than $550,000 last year and three of those are in the Queenstown-Lakes District, while in Dunedin, Vauxhall has become the city's third million-dollar suburb.

David Clark calls for earlier investigation into new home loan rules

Minister of Commerce and Consumer Affairs David Clark has called for planned investigation into...

David Clark calls for earlier investigation into new home loan rules

Minister of Commerce and Consumer Affairs David Clark has called on a planned investigation into new home loan regulations to be brought forward amid concerns banks were adopting too hard a line with the guidelines.