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Auckland's average home value exceeds $900,000

The latest monthly QV House Price Index shows that nationwide residential property values for October have increased 14.0% over the past year which is the fastest rate since March 2006. Values rose 4.7% over the past three months and are now 33.3% above the previous market peak of late 2007.

Do NZers still want the quarter-acre dream?

New Zealanders are moving towards the idea of mixed-use development where housing is within walking and cycling distance of key amenities like work, school or shopping, according to a survey carried out by the New Zealand Centre for Sustainable Cities.

Tenancy bond system moves online

A new tenancy bond service goes online today as part of the Government’s programme of making public services more convenient and easier, Building and Housing Minister Dr Nick Smith has announced.

Building consents top 26,000

The latest figures released today by Statistics New Zealand showing the number of building consents across the country reaching at an eight-year high have been welcomed by Building and Housing Minister Dr Nick Smith, who says the data confirms that good progress being made in increasing housing s

Home building accelerates in the north

Auckland and its surrounding regions have driven most of the recent growth in building consents for new dwellings, Statistics New Zealand said today.

Auckland housing crisis 'costs families and distorts economy'

The National Government’s failure to fix the Auckland housing crisis has cost a family with a $500,000 mortgage at least $4000 in extra interest, as the Reserve Bank was forced not to cut interest rates today because the Auckland housing market is a ‘financial stability risk’, the Green Par

Landlords unaware of new LVR laws - Westpac survey

Property Investors, particularly in Auckland, are worryingly unaware of the detail and implications around the new loan-to-value-ratio (LVR) regulations due to come into to effect at the end of this week, 1 November.

Baby-boomers 'increasingly attracted to apartments'

The Auckland apartment market has come of age with baby-boomers increasingly attracted to, and are prepared to pay for, well-designed and spacious apartments in a master-planned community, says Pete Evans, national director of residential property marketing at Colliers International.

Pioneer settlers' waterfront farm block for sale after 155 years

A block of waterfront land first settled by one of Northland’s first pioneering families some 155 years ago - and still owned by direct descendants today - has been placed on the market for sale.

Good news for tenants as rents plateau

It is a good time to be a tenant according to Trade Me Property’s September report on median rents across New Zealand.

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