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Report on improving Unit Titles Act welcomed

A report on reform of the Unit Titles Act by a group of professionals involved with bodies corporate has been welcomed by Building and Housing Minister Dr Nick Smith.

Record yield for commercial property - Colliers

A two level, freehold building sold at auction has returned the lowest yield on record for an investment sale by Colliers International of 2.96%.

New tenancy laws a step closer

Changes to New Zealand’s tenancy laws requiring all tenanted properties to have smoke alarms and to be insulated passed unanimously through the committee stages of Parliament today.

Artificial boundaries 'work against land supply'

"The Metropolitan Urban Limit and the Rural Urban Boundary are barriers that were introduced to prevent sprawl. Unfortunately, manipulating market behaviour through highly interventionist policies has resulted in the perverse effect of land supply being starved over the years."

Lifestyle market sales volumes srong with prices rising - REINZ

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 436 more lifestyle property sales (+22.5%) for the three months ended April 2016 than for the three months ended April 2015.

Kiwi Property ownership in The Base shopping centre to remain at 50%

Kiwi Property advises that its offer to acquire 100% of The Base shopping centre at Te Rapa, Hamilton, has not been accepted and that its investment in The Base will therefore proceed by way of a 50:50 joint venture with Waikato-Tainui.

First homes in Ormiston Town Centre

The first homes in the Ormiston Town Centre development are now complete.

Warmer, safer houses a step closer with Govt bill - Minister

A Government Bill to make homes warmer, drier and safer for New Zealanders who live in rental properties has passed its second reading in Parliament by 107 to 14.

New building law 'to save lives in earthquakes'

A Bill passed by Parliament today by 120 to 1 requiring the upgrade of older buildings will save hundreds of lives in future earthquakes, Building and Housing Minister Dr Nick Smith says.

Emergency housing inevitable in national crisis - Twyford

The Government’s emergency housing announcement is the inevitable consequence of National’s failure to address the housing crisis and its stubborn determination to sell-off state houses instead of building more, Labour’s Housing spokesperson Phil Twyford says.

Rental property owners 'unfairly singled out'

The Auckland Property Investors Association (APIA)says that rental property owners are being unfairly singled out by Labour’s Healthy Homes Guarantee Bill, which has passed its first reading in the House.

Building Better Homes Science Challenge launched

Science and Innovation Minister Steven Joyce today launched the Better Homes, Towns and Cities National Science Challenge, which is tasked with conducting research to develop better housing and urban environments for New Zealanders in the 21st century.

Residential property sales up in Auckland and Northland - Harcourts

The number of written residential property sales in Auckland and Northland last was up 6.5% on April 2015, according to provisional results by Harcourts, New Zealand largest real estate group.

Immigration fuels housing market - NZ First

Commentators are tripping over themselves to explain the causes of the Auckland housing crisis - but they are avoiding the patently obvious, says New Zealand First.

HomeStart delivers for 432 first-home buyers in Palmerston North - Naylor

432 first home buyers in Palmerston North have been helped in the first year of the Government’s HomeStart scheme.

Company offers 'new path for Kiwis to get on property ladder'

An innovative New Zealand company, The Ownery Limited, is set to offer a new way for Kiwis to build up a stake in the housing market. Savers can effectively become part owners of carefully selected Auckland houses and get a foot on the property ladder starting with as little as $500.

Property Institute rejects land tax proposal

Property Institute of New Zealand Chief Executive, Ashley Church, is urging the Government to consider options other than a land tax if figures to be released over the next few days show that foreign property investors are affecting the Auckland Property market.

Housing NZ completes 19 new homes in Mt Roskill

Construction is complete, or near complete, on 19 brand new Housing New Zealand homes that have been built across three Mt Roskill sites and will house tenants in the coming weeks.

Major survey of local renters complete

An independent market research survey of residential renters in Queenstown and Wanaka was conducted by the local Housing Trust last month - with important findings for the community.

Action not words, needed on housing speculation - Twyford

John Key should be taking action to crack down on speculation in our overheated housing market, instead of random musings on land tax, Labour Housing spokesperson Phil Twyford said.

Celebrations set for second stage of urban village at Alexandra Park

Turning the first sod to mark construction for the second stage of Alexandra Park’s significant urban village development on Green Lane West will take place at 4.30pm on Thursday, 28 April.

Govt 'could use a land tax to restrict foreign investment in residential housing'

Prime Minister John Key told TV One’s Q+A programme that the government could use a land tax to restrict foreign investment in residential housing under any re-negotiated free trade agreement with China.

Support for iwi-led social housing initiative - Flavell

An iwi-led housing project in Christchurch has been lauded today by the Minister for Māori Development as another string to the bow of positive initiatives being driven by Te Rūnanga o Ngai Tahu for whānau in their takiwā.

Housing now unaffordable for first home buyers in Central Otago Lakes

Housing became substantially less affordable for first home buyers in Auckland last month, as a big jump in the region's lower quartile selling price more than offset falls in mortgage interest rates and increases in household income.

Property boom 'stretching legal teams'

Law firms are struggling to keep up with the booming commercial property market, with signs of skill shortages emerging, a recruitment specialist says.

Lifestyle market sales volumes very strong - REINZ

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 424 more lifestyle property sales (+24.8%) for the three months ended March 2016 than for the three months ended March 2015.

Rural sale prices holding steady, but volumes falling - REINZ

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 42 fewer farm sales (-9.9%) for the three months ended March 2016 than for the three months ended March 2015.

Landmark Ponsonby building up for syndication

Investors now have the opportunity to own an interest in the eagerly anticipated Cider Building in Ponsonby, Auckland - which is anchored by a 20-year lease to General Distributors - with additional tenanted commercial space and street level retail.

Homeownership rates fall under National - Twyford

New data shows that homeownership rates have fallen 3 per cent since National came to office despite the number of private rental properties rising by 83,600, Labour’s Housing spokesperson Phil Twyford says.

Softening in Auckland market 'no surprise, regions are the real story'

"The latest Quotable Value statistics showing Auckland house values down 0.2% in the past three months are entirely predictable given Government and Reserve Bank restrictions which came into effect late last year, says Century 21 New Zealand National Manager Geoff Barnett.

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