Well-known Christchurch-born businessman and entrepreneur Mike Pero has exited his ownership of the real estate business which still bears his name.
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.
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.
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.
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...
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.
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.
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.
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.
The Government needs to change the rules to help first-home buyers enter Dunedin’s “absolutely mental” property market, a frustrated house hunter says.
Asking prices for houses are still hitting record highs in some regions, but the number of listings is down.
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.
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.
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.
Real estate agents are hopeful increased interest in property will translate to action once people can move more freely.