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Modest Recovery in Housing Prices and Volumes in February

Modest Recovery in Housing Prices and Volumes in February
The national housing market staged a modest recovery in February in terms of both prices and volumes during the month.

Department's residential tenancy services fully operational

Department's residential tenancy services fully operational
Landlords and tenants in earthquake hit Christchurch have access to a full range of services through the Department of Building and Housing, but the emphasis remains on the need for landlords and tenants to work closely together and maintain their relationships as the state of emergency continues

No evidence of 150% rental price increases in Christchurch

No evidence of 150% rental price increases in Christchurch
Calls for rental controls due to 150% increases in Christchurch rental prices have been dismissed by the New Zealand Property Investors Federation.

Renewed interest in rural property but lending subdued

11 March 2011 A complex mix of factors is keeping a lid on rural property sales in New Zealand, despite increasing returns and heightened confidence, First National reports.

Retail outlets on the shopping list for property investors

Retail and hospitality premises in two high profile Auckland locations are going under the auctioneer's hammer later this month. The sites are in Newmarket's Rialto Centre, and the Pacific Square Retail Plaza in Manukau -adjacent to the Pacific Events Centre.

Housing market resilient, sales jump in February

Housing market resilient, sales jump in February
Rents fall, but benchmark increases The resilience of the Auckland housing market showed up strongly in February, with sales volume increasing on January's number by 9.9 percent to 619, and the average price increasing 1.2 percent to $521,887.

New property listings in Auckland surge in February

New property listings in Auckland surge in February
Following record low months of new home listings nationally in December and January, the final days of summer have seen a surge in new home listings in the Auckland region.

Auckland Sees Leap In New Property Listings

Auckland Sees Leap In New Property Listings
After record low months of new home listings nationally in December and January, the final days of summer have seen a surge in new home listings in the Auckland region, according to the NZ Property Report - a monthly report of housing market activity compiled by Realestate.co.nz, released today.

No refunds for tenants who want out of properties

No refunds for tenants who want out of properties
Some people renting houses and flats in earthquake-devastated Christchurch are getting little charity from landlords who want to lock them into leases and contracts.

Housing New Zealand opens doors for displaced people

Housing New Zealand opens doors for displaced people
Housing New Zealand will provide a temporary accommodation service to people displaced following Tuesday's destructive Christchurch earthquake.

More people expecting house prices to rise in Auckland

More people expecting house prices to rise in Auckland
A growing number of people are expecting house prices to rise in Auckland, while in the rest of the North Island higher prices are considered increasingly unlikely.

Beneficiary fraudster bought four properties

Beneficiary fraudster bought four properties
A domestic purposes beneficiary who managed to buy four properties has ended up court for ticking the wrong box on his Work and Income forms.

English warns households will endure more pain

English warns households will endure more pain
Not being shy at coming forward I am starting to wonder if there is anyone in the beehive that knows what they are doing. Sure, 2011 is going to largely mirror 2010 and that was evident last year.

Pero enters real estate market

Pero enters real estate market
Wellington, Feb 13 NZPA - Businessman Mike Pero has announced his move into the real estate business -- the latest of a number of businesses looking to cash in on the boom in internet real estate sales.

Residential property market turnover at record low in January

Residential property market turnover at record low in January
Wellington, Feb 11 NZPA - Turnover in the residential property market was at a record low in January, according to the Real Estate Institute of New Zealand (Reinz), which is none the less talking the property market up.

Govt calls for leaky home bill submissions

Govt calls for leaky home bill submissions
Wellington, Feb 11 NZPA - The Government is calling for submissions on legislation that will provide financial assistance for owners of leaky homes.

NZ may already be in a 'double-dip' - minister

NZ may already be in a 'double-dip' - minister
Wellington, Feb 9 NZPA - December quarter figures on the nation's gross domestic product (GDP) to be released next month may show further economic contraction, according to Finance Minister Bill English.

No rebound in house prices as year kicks off - QV

No rebound in house prices as year kicks off - QV
Wellington, Feb 8 NZPA - House prices are continuing their decline started in early 2010, but at a slower rate, valuer QV said today.

Owners told to mow lawns of condemned houses

Owners told to mow lawns of condemned houses
Wellington, Feb 3 NZPA - The Christchurch City Council has admitted it stuffed up when it threatened 11 home owners with fines of up to $5000 for not mowing their lawns, even though their houses were rendered uninhabitable by last year's massive earthquake.

Rents rising in Auckland, as property market stays subdued

Rents rising in Auckland, as property market stays subdued
Wellington, Feb 3 NZPA - Auckland rentals are rising, while house sales in the city in January continued the pattern from the last quarter of 2010, firm Barfoot & Thompson says. It noted that while house sales turnover was low key, the rental market was active.

Leaky homes case targets monolithic cladding system

Leaky homes case targets monolithic cladding system
Wellington, Jan 27 NZPA - Owners of six apartments in a Grey Lynn building have lodged a claim at the Weathertight Homes Tribunal against a non-cavity "monotek" cladding system.

Affordable Housing Could Become A Reality This Year

Affordable Housing Could Become A Reality This Year
If I told you I could build you an upmarket 1brm unit for $65,000 in any area of the country would that interest you? I guess for many the answer would be yes! This would be achievable if the government made one simple change to the rules.

New Zealand housing is rated severly unaffordable

New Zealand housing is rated severly unaffordable
Wellington, Jan 24 NZPA - Housing in New Zealand is severely unaffordable, according to the latest annual Demographia International Housing Affordability Survey. The survey gave New Zealand a median multiple of 5.3 for housing affordability, which is above the historic norm of three.

House sales, median price slip in December

House sales, median price slip in December
Wellington, Jan 18 NZPA - Latest figures suggest residential property sales may have hit a base, even though house sales numbers and the national median price fell in December.

Residential property market declines in December

Residential property market declines in December
Wellington, Jan 13 NZPA - Residential property prices are 0.9 percent below a year ago and 5.8 percent below the market peak of 2007 in the December report of Quotable Value (QV).

Caution as building consents show some hope

Caution as building consents show some hope
Wellington, Jan 11 NZPA - Latest building consent data suggests some signs of improvement, but economists are holding back their enthusiasm.

December house listings lowest for four years - website

December house listings lowest for four years - website
Auckland, Jan 1 NZPA - A drop in house prices for December and a decline in properties listed for sale, is good news for home buyers, a property website says.

Luxury Whakatane apartment complex leaves $15m debt

Gisborne, Dec 31 NZPA - The developers of the luxury Quayside apartment complex in Whakatane have left a debt of almost $15 million, according to receivers.

NZ economy to remain sluggish - Moody's

NZ economy to remain sluggish - Moody's
Wellington, Dec 21 NZPA - New Zealand's economy is barely growing and may have actually shrunk in the third quarter, Moody's Analytics said in a report today.

Leaky homes to have no impact on rates - Auckland Council

Leaky homes to have no impact on rates - Auckland Council
Wellington, Dec 20 NZPA - The new Auckland Council says leaky homes claims are unlikely to have an "immediate impact" on rates after the Supreme Court ruled the former North Shore City Council (NCC) was responsible for two damaged homes.

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