Dunedin firm Keogh McCormack has expressed significant concerns surrounding the lack of regulations in the property management industry. It believes monies are at greater risk than most landlords and tenants perceive, as Sally Rae reports.
Median house prices in Otago have remained static in the past two years, but there are signs of life returning to the residential real estate market.
The fact Auckland has replaced the Central Otago and Queenstown Lakes districts as the least affordable region to buy a house is "a positive", a Central Otago Lakes real estate spokesman said.
New Zealand residential property in 2011 continued to claw back value, according to December sales figures released on Wednesday by Government valuer Quotable Value.
New Zealand homes are overvalued by 25 per cent and the country is one of nine under threat of a housing bubble burst, says the Economist.
Conditions are ripe for New Zealand house prices to show modest growth over the next 12 months as supply constraints that have lifted the Auckland market start to show up throughout the country, ASB says.
Asking prices for homes have hit a new high, particularly in Auckland, as sellers bet on the market staying strong.
Farm sales for the three months ended September have increased 56.7% on the corresponding time last year, figures released by the Real Estate Institute of New Zealand show.
The number of new listings in earthquake-ravaged Canterbury rose 17 percent in July from June but remains 23 percent down on a year ago. According to a property survey by realestate. co. nz,...
Property values in Dunedin continue to stagnate, sitting 3.5% below last year, the latest QV figures show.
The residential property market was little changed overall for a sixth month in May but Auckland property values edged up, QV Valuations says.
Almost a quarter of real estate agents in Otago and Southland have left the industry temporarily or permanently in the past 12 months, figures from their licensing body shows.
Sellers of subdivided land from the former Hawthorn Estate development at the centre of resource consent controversy after last week's Environment Court ruling made the originally proposed water features mandatory, say their potential buyers were always made aware of the issue.
Dunedin's most expensive house - a Maori Hill mansion valued at $4m - has been sold.
St Clair developer Stephen Chittock and Calder Stewart Property - who together built 26-room boutique St Clair Beach Resort, valued at $14 million - have parted company, with Mr Chittock retaining no stake in the award-winning hotel.
There are no immediate development plans for the only vacant commercial section in the Esplanade block at St Clair - after almost 10 years of remaining derelict.
Fewer than 2% of the latest Central Otago property valuations have been contested.
Real estate company First National Group is planning to open offices in Queenstown and Dunedin in the second quarter of this year, despite a national 50% increase in residential rental property vacancies.
The effect of declaring most of Dunedin's flat land at risk of liquefaction has caught out another home buyer trying to get insurance, and real estate industry figures are warning of an overreaction to a problem they say has been blown out of proportion.
Stage two of the $10 million affordable housing development at Lake Hayes Estate could begin by Christmas, despite the Charities Commission's decision to investigate the charity status of the trust behind the project.