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Reserve bank focus on investors misplaced - NZPIF

In an attempt to slow house price growth in Auckland, the Reserve Bank are forcing rental property owners to have a 30% deposit when buying rental property.

House prices going up a double-edged sword - property investors

Andrew King vice-president of the NZ Property Investors Federation told TV One’s Q+A programme, "if you are in a position or want to buy more rental property, that makes it hard."

Auckland's average home value cracks $800,000 - QV

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for April have increased 8.3% over the past year and 2.6% over the past three months. This means they are now 22.4% above the previous market peak of late 2007.

Property: Average national asking price climbs to new record

The New Zealand property market in April continued the trend of the last four consecutive months with yet another increase in average asking price, creating a new record of $521,729, an increase of 1.4% on the previous month.

MagRoc InsulFound featured on Campbell Live

Campbell Live last night showcased Bob Burnett Architecture’s 9 Star Homestar rated houses at Church Square, Christchurch.

Annual consents top 25,000

New building consent figures released today by Statistics New Zealand confirm the strong progress being made in increasing housing supply, particularly in Auckland and Christchurch, Building and Housing Minister Dr Nick Smith says.

Highest March for dwelling consents since 2006

The number of new dwellings consented was 14 percent higher in March 2015 than in March 2014, Statistics New Zealand said today. This was the highest number of new dwellings consented in a March month since 2006.

Housing unaffordability issues spread beyond first home buyers

Surging house prices in Auckland and Queenstown last month pushed home ownership even further beyond the reach of first home buyers in the two districts, according to the AMP360 Home Loan Affordability Report for March.

Facts show rent increases are modest - NZPIF

"Bond Centre figures show that the median rental price for New Zealand in March was $380 per week for March 2015, less than the $420 per week figure reported by Trade Me," says Andrew King, Executive Officer of the NZ Property Investors’ Federation (NZPIF).

New tenancy website launched

A new tenancy services website designed to be a one-stop shop for all tenancy-related advice, information and education has been launched today by Building and Housing Minister Dr Nick Smith.

Report highlights two-track property market

The latest Massey University Home Affordability Report underlines New Zealand’s "two-track housing experience", says its author Professor Paul Gallimore from Massey’s School of Economics and Finance.

Research publication spotlights lucrative trends in property

New Zealanders could see hundreds of millions of dollars’ worth of residential developments above shopping centres in the next 10-20 years, according to property, design and research company RCG.

National must take action on speculators - Little

The Government must take action on property speculators who are damaging the housing market and shutting families and young people out of the home ownership dream, Labour Leader Andrew Little says.

Landlords not cashing in on insulation schemes - Williams

The fact so few landlords have taken up the generous taxpayer subsidy for retrofitting shows it is time to legislate minimum standards, says Labour’s Associate Housing spokesperson Poto Williams.

Auckland marches on - REINZ

A new record of 2,267 dwellings sold by auction in March, 604 more than for March 2014 Auctions in March 2015 representing more than 25% of total sales for the first time, with almost 50% of Auckland’s sales by auction

Building consents on the rise

The Ministry of Business, Innovation and Employment released the latest edition of the New Zealand Housing and Construction Quarterly today.

New dwelling consents decreased in February

The number of new dwellings consented was 0.6 percent lower in February 2015 than in February 2014, Statistics New Zealand said today.

Town centre expansion set to engulf historic home

Queenstown’s continuing residential and commercial urban sprawl looks set to engulf another victim - with a substantial landholding on the edge of the town centre targeted for redevelopment.

'One in five' Auckland properties sell for over $1m at Harcourts auctions

In the latest auction results from New Zealand’s largest real estate group, one in five Auckland properties have sold under the hammer for over one million dollars.

CHA calls for mind shift from govt in housing debate

The group representing community housing providers says the government focus needs to shift from asset sales to investment in families and healthy communities.

Students help with housing for the elderly

Students from the School of Architecture and Planning at the University of Auckland are helping bridge the generation gap with their design for affordable, residential housing for the elderly.

Affordability of Riccarton housing development questioned

Labour is questioning whether homes proposed in a large soon-to-be-announced housing development on Christchurch Racing Club-owned land in Riccarton will be affordable.

Strong demand continues to drive rents

The national median weekly rent continued to increase strongly in February landing at $410 per week, up 6.5 per cent compared with a year ago. This is just below last month’s all-time high of $420 per week.

Property price expectations on the rise

Summer confidence has infected the residential property market and asking prices ticked up just over 1 per cent, according to Trade Me Property’s analysis of new listings for the three months to February 2015.

Bill to amend leaky homes assistance package

The Government is proposing changes to the Financial Assistance Package available under the Weathertight Homes Resolution Services Act to provide clarity of eligibility that will help more owners of leaky homes access assistance, Building and Housing Minister Dr Nick Smith announced today.

NZ's largest residential development officially underway

The start of construction on Albany Rose Gardens’ apartments - the largest residential development in the country - was officially celebrated on Friday 6th March at Westfield Mall, Albany.

Bankrupt property developer's derelict mansion on the market

A spectacular clifftop mansion built by a former high-flying property developer - but unlived in for the past 10 years - has been placed on the market for sale.

BNZ to provide specialist service for new home builders

With the housing shortage reaching ever-increasing highs in Auckland and Christchurch, BNZ is piloting a service to provide specialist support to those building new homes. The BNZ Housing Under Construction Hub, provides specialised service and expert advice to customers building new homes.

Commercial property values 'driven up by falling capitalisation rate'

Auckland property financier James Kellow says many of the best commercial properties in and around Auckland are now selling well below the ‘standard’ seven percent capitalisation rate.

Building work tops $15 billion in 2014

More than $15 billion worth of building work was carried out in 2014, Statistics New Zealand said today. The latest value was $2.8 billion higher than in 2013, a 23 percent rise.

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