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More family homes go in mortgagee sales

More family homes go in mortgagee sales
Wellington, Aug 8 NZPA - An increasing number of family homes are going through mortgagee sales ,according to figures released today. The data from property information company Terralink International showed there were 264 mortgagee sales in May, 18 more than in April.

Property buyers reluctant in July

Property buyers reluctant in July
Wellington, Aug 6 NZPA - Property buyers remained reluctant last month despite a fall in prices, real estate company First National Group says.

Rents rise in Auckland, says Barfoot and Thompson

Rents rise in Auckland, says Barfoot and Thompson
Wellington, Aug 4 NZPA - Rents are rising in Auckland as landlords try to recoup higher costs, real estate agent Barfoot and Thompson says. The biggest real estate agency in Auckland said its average weekly rental reached a new all-time high, increasing by $5 to $408, in July.

Households bear most cost of leaky homes: estimate

Wellington, July 20 NZPA - Nearly three-quarters of the overall costs of leaky homes will be borne directly by affected households, ANZ bank is estimating.

Median house price up but sales numbers fall

Median house price up but sales numbers fall
Wellington, July 14 NZPA - The number of residential property sales fell in June, although the median price edged up, latest figures from the Real Estate Institute of New Zealand (REINZ) show.

Evidence mounts of subdued housing market

Evidence mounts of subdued housing market
Wellington, July 12 NZPA - Commentators expect further data on the housing market this week to confirm it is subdued. House prices fell in June with buyers remaining selective and cautious, QV Valuations said at the weekend.

NZ house prices fall further in June, QV says

NZ house prices fall further in June, QV says
Wellington, July 11 NZPA - House prices fell further in June with buyers remaining selective and cautious, valuation company QV says. Its monthly report on residential property prices show nationwide values 5.2 percent above the level of a year ago.

Is The "Property Bubble" About To Burst?

 Is The "Property Bubble" About To Burst?
Some are predicting it is only a matter of time and that time is growing near when we will be rattled by an unprecedented property melt down. A scary thought for many I should imagine. But where do these scare mongers gather such evidence.

Auckland residential property marking time, says company

Auckland residential property marking time, says company
Wellington, July 5 NZPA - Real estate company Barfoot & Thompson says its June sales in Auckland show the residential market is marking time, while economists see the figures as weak.

Westpac predicts house prices to fall by 2 percent per annum

Westpac predicts house prices to fall by 2 percent per annum
Wellington, July 2 NZPA - House prices have further to fall, says Westpac in a report that predicts a long period of fairly subdued house sales. Westpac expects house prices will fall 2 percent per annum in 2010 and 2011.

Housing New Zealand Opens Its Doors To Private Investors

Housing New Zealand Opens Its Doors To Private Investors
Few are now talking about the changes to tax on residential property investment which is understandable as the government has done just enough to keep opposing sides happy.

The Increase To Building Costs Is Going To Affect Us All

The Increase To Building Costs Is Going To Affect Us All
Last week I put the following question to a Master Builder that we work with that specialises in building residential investment properties in Hamilton. What impact to you think the increase to GST will have on the building industry? This is what John had to say:

The Average Property Investor Is Set To Lose $1000 A Year And It Won’t Stop There

The Average Property Investor Is Set To Lose $1000 A Year And It Won’t Stop There
It has been reported that due to depreciation been done away with on the improvement portion of investment property (takes effect on 1 April 2011 next year) some are set to lose as much as $1000 a year and some are saying it won’t stop there.

The Collapse Of The NZ Real Estate Market May Only Be Days Away

The Collapse Of The NZ Real Estate Market May Only Be Days Away
If what you read is true - Hold On, a collapse of the New Zealand Residential Property Market may only be days away as property investors ready themselves for the government’s much-awaited 2010 budget.

Auckland House Prices Jump By $709 A Day

As reported in the New Zealand Herald Saturday Apr 17, 2010 house sales are booming nationally and Auckland leads the way with a $709 a day jump. Auckland last month had the biggest price rises and the most deals.

National house price median rises in March

National house price median rises in March
Wellington, April 16 NZPA - A 3 percent rise in the national median house price in March to $360,500 failed to impress economists, with suggestions the market is flat and prices are trending downward.

QV figures show house prices flat

QV figures show house prices flat
Wellington, April 11 NZPA - Residential property prices flattened in the past few months and are even easing back in many areas, latest figures from property valuation company QV indicate.

More Than 50% Of P-Labs In Rental Properties

More Than 50% Of P-Labs In Rental Properties
More than 50% of P-Labs discovered in New Zealand have been in rental properties, how can this be you might ask? Surely property managers are meant to be doing regular inspections of rental properties? 

Homes More Affordable In November Quarter

Homes More Affordable In November Quarter
Wellington, Jan 7 NZPA - Housing continued to become more affordable in the three months to the end of November, according to Massey University, but there are signs the improving trend could be nearing an end.

Real Estate Boss Rubbishes Talk Of Mini-Boom

Real Estate Boss Rubbishes Talk Of Mini-Boom
Wellington, Nov 16 NZPA - Real estate group First National is rubbishing talk of a property market "mini-boom".

There Is No Housing Shortage Currently, Says NZIER

There Is No Housing Shortage Currently, Says NZIER
Wellington, Oct 12 NZPA - There is no housing shortage , even though house prices have been rising, the New Zealand Institute of Economic Research says. But there is potential for a shortage in coming years if home building does not lift beyond current forecasts.

Harcourts Sees Solid Property Market Continuing

Wellington, Aug 13 NZPA - People looking to sell houses are putting them on the market rather than wait for spring to take advantage of current buyer demand, according to real estate firm Harcourts.

Mortgagee Sales Up 25 Percent To 251 Last Month, Highest Ever

Mortgagee Sales Up 25 Percent To 251 Last Month, Highest Ever
Wellington, June 28 NZPA - Mortgagee house sales increased 25 percent to 251 properties last month, the highest number of forced sales in the 15 years the figures have been recorded.

Listings Down In Latest Harcourts Report

Listings Down In Latest Harcourts Report
Wellington, June 17 NZPA - Real estate company Harcourts is continuing to report a low level of new listings as a feature of the property market, which it says will continue to stabilise.

Property Market Activity Improving, Says Harcourts

Property Market Activity Improving, Says Harcourts
Wellington, May 13 NZPA - Lower interest rates and more affordable property prices are boosting activity in the property market, according to real estate agent Harcourts. Harcourts said it wrote an average 44 percent more sales in April than in the same month last year.

March Better Than Last Year For Real Estate Agent

March Better Than Last Year For Real Estate Agent
Wellington, April 22 NZPA - Real estate agent Harcourts said a combination of an increase in buyer activity and fewer new listings make it a good time for new sellers to list properties.

Auckland House Prices Keep Falling, Many Others Flattening

Auckland House Prices Keep Falling, Many Others Flattening
Wellington, April 8 NZPA - Residential property values continued to fall in the Auckland region last month but in much of the country the decline showed signs of flattening, latest figures from QV Valuations show.

Property Values Fall Further But Investors Return To Market

Property Values Fall Further But Investors Return To Market
Wellington, March 8 NZPA - Increased interest in houses in sought-after areas and a return of investors to the market failed to prevent property values as measured by QV Valuations falling further last month.

Real Estate Industry Sees Another Hopeful Sign

Real Estate Industry Sees Another Hopeful Sign
Wellington, March 6 NZPA - For the second day in a row the real estate industry is highlighting data that could indicate the downbeat property market is turning.

Faintest Glimmerings Of End To Property Price Fall

Faintest Glimmerings Of End To Property Price Fall
Wellington, Dec 7 NZPA - Faint hints of an end to the fall in property prices can be glimpsed in QV Valuations latest monthly report, but banks' tighter lending criteria and job insecurity are clouding the outlook.

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