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McLaren sportscar comes with property

An eight-hectare property in North Auckland is for sale, and it comes with something extra special. The lucky new property owner will get a volcanic orange MP4-12C McLaren sportscar for free!

Home consents hit 44-year high

A total of 33,576 new homes were consented in the year ended January 2019, the highest number of new homes consented in a year since early 1975, Stats NZ said today.

What evidence-based ‘healthy home’ standards look like

Evidence-based rental property standards would require ceiling insulation to the 1978 standard, no sub-floor insulation, and nothing more, Tenancies War spokesman Mike Butler said today.

Updated KiwiBuild figures released

KiwiBuild has today issued updated figures for the number of KiwiBuild homes under contract, construction, committed to be built, completed or sold. Number of homes contracted and committed: 10,160 with thousands more planned in our Large Scale Projects.

National average asking price steadies over 2018

One year ago (December 2017) the national average asking price for a home was $660,798 on realestate.co.nz, the country’s largest property listing site. One year later (December 2018) it sits at $673,043.

Hamilton house prices have found their mark

The Real Estate Institute of New Zealand released their monthly residential property data today, showing Hamilton’s median house price dipped 2.3% between October and November and now sits at $555,000.

First KiwiBuild homes for central Wellington

The first KiwiBuild homes for central Wellington are on the way following an agreement with The Wellington Company to build a new apartment building in Mount Cook, Housing and Urban Development Minister Phil Twyford has announced.

First KiwiBuild families welcomed to their new homes

The first 18 KiwiBuild families have been welcomed to their new homes by Prime Minister Jacinda Ardern, Housing and Urban Development Minister Phil Twyford and the local community.

Minister rightly lacks confidence in KiwiBuild - Collins

Potential KiwiBuild buyers will be rightly concerned that the Government is being unclear whether developments will be mixed KiwiBuild and State Housing National’s spokesperson for Housing Judith Collins says.

Viewshafts - Auckland’s billion-dollar handbrake?

A single viewshaft in Auckland protecting views of Mt Eden for motorists crossing the Harbour Bridge costs the city more than one billion dollars, according to ground breaking research released today.

Block winner’s house sells for 4.2% over median price for Hobsonville Point

If you’re writing on tonight’s result from The Block please consider the following comment from Bindi Norwell, Chief Executive at REINZ:

Rental system is not broken - NZPIF

Today’s CoreLogic Market Pulse report shows that rents haven’t been outpacing property costs or people’s wages. The rental system is not broken as some have been vocally saying.

Greens rental changes will increase homelessness - Collins

Green Party co-leader Marama Davidson’s idea for an enforceable warrant of fitness for rental homes means she would rather see people live on the streets than with a roof over their heads, National’s Housing spokesperson Judith Collins says.

Green Party calls for a Rental Warrant of Fitness

Green Party co-leader Marama Davidson is calling for a comprehensive Rental Warrant of Fitness (WOF) scheme to ensure that everyone in New Zealand lives in a warm, dry, healthy home.

First KiwiBuild homes completed and ready for sale

Minister of Housing and Urban Development Phil Twyford today announced the completion of the first KiwiBuild homes at the McLennan development in Papakura, Auckland; and says there are more on the way.

Regulating property managers 'a positive step for public health'

The Canterbury/West Coast branch of the Public Health Association of New Zealand supports regulation of the property management industry.

REINZ welcomes overhaul of ‘antiquated’ tenancy rules

If you’re writing on the announcement from the Housing Minister, the Hon. Phil Twyford in relation to the reform of the Residential Tenancies Act, please consider the following comment from the Real Estate Institute of New Zealand (REINZ).

Blueberry orchard operation offers sweet opportunity for new owners

A vertically-integrated blueberry orchard featuring an associated pack-house plant and retail foodservice business have been placed on the market for sale.

Flattening house prices at the bottom of the market

Housing affordability is improving for first home buyers in most parts of the country but the improvements are so small most aspiring first home buyers probably wouldn't notice the difference, according to interest.co.nz's latest Home Loan Affordability Reports.

Hamilton's median house price dips 6.25%, lifestyle properties on the rise

The Real Estate Institute of NZ released its monthly residential property statistics this morning showing Hamilton’s median house price has dipped from a 2018 high of $560,000 in June to $525,000 in July.

Rental market continues to tighten, new report shows

The Massey University Residential Market Report, which tracks mean rents and rental bond numbers, shows a steady increase in the number of people renting, coupled with a decrease in vacancy rates, over the past decade.

Number of new homes consented in June drops from May’s high - Stats NZ

The seasonally adjusted number of new homes consented fell 7.6 percent in June 2018, Stats NZ said today. This followed a 6.9 percent rise in May.

Housing affordability at best-ever levels in Chc, improving in Akl

Housing is becoming more affordable in Auckland with large parts of the region now considered affordable for typical first home buyers, according to interest.co.nz's latest Home Loan Affordability Reports.

Kapiti Coast real estate stats remain very strong

Kapiti Coast real estate continues to well outperform both the Wellington and Auckland regions as well as New Zealand overall, according to the latest Quotable Value figures.

House construction powers ahead with highest consent levels in 44 years

The first five months of 2018 have seen the highest number of building consents issued for new homes since 1974, according to new statistics, Minister of Housing and Urban Development Phil Twyford says.

Residential development block for sale just south of Auckland

A large swathe of urban farm land planned to substantially increase the housing capacity of Clevedon just south of Auckland - and simultaneously create a new wetland flora and fauna park for the region - has been placed in the market for sale.

Lower quartile house prices dropped in most regions in May

Housing became more affordable for first home buyers in nine regions and worsened in three last month, according to the latest Home Loan Affordability Reports.

REINZ welcomes softened stance on Overseas Investment Amendment Bill

The Real Estate Institute of New Zealand (REINZ) welcomes some of the changes proposed by the Finance and Expenditure Committee in relation to the Overseas Investment Amendment Bill but still believes that the foreign buyer ban won’t solve New Zealand’s housing affordability issues.

Experts provide property investment outlook

Today property and fund manager, Property Managers Group (PMG), has launched the NZ Property Thinkbook, a publication which brings together some of the best economic, investment and property minds in the country.

Value of building work put in place: March 2018 quarter

Residential and non-residential building activity volumes fell in the March 2018 quarter, Stats NZ said today. The fall in building activity takes into account the effects of higher construction costs and typical seasonal patterns.

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