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.
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.
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.
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.
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.
A hotel proposed for Queenstown's Brecon St will be the resort's biggest if it gets council approval.
High prices, higher deposits, finance constraints and lending tightening has seen the number of houses sold in 2017 plummet.
Residential property values continued to rise across Dunedin in the past 12 months, the latest QV figures released yesterday confirm.
Quarterly Otago median house prices appear to show a rapid cooling for the third quarter of last year, but post-election jitters appear to be dissipating.
Central Otago Lakes has knocked Auckland off the house asking-price top spot for the first time since January 2016, realestate. co. nz figures released yesterday show.
Home loan rates will likely rise a bit in 2018 but are not expected to take a big jump up, experts believe.
The Government has been accused of pandering to voters with a "racist itch" as legislation to ban overseas buyers from snapping up existing houses is set to pass its first hurdle.