New Zealand Property Investors’ Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
New Zealand’s lifestyle property market isn’t firing up to the same extent as the residential market, according to the latest REINZ rural statistics.
A complaint from a would-be buyer who said a real estate agent snapped up his dream home should never have been made public before it had been properly dealt with, the Real Estate Institute of New Zealand says.
The days of property purchasers enlisting the help of a knowledgeable relative to do a "building inspection" on a house they are thinking about buying are numbered.
House prices are likely to rise further all year but the strength will only last until mortgage rates start rising, according to Westpac chief economist Dominick Stephens.
House prices retreated from March's record high in April and sales volumes also took a dip, though both remain above year-earlier levels.
Auctions accounted for 50% or more of sales across 13 Auckland suburbs last month as going under the hammer becomes the preferred method of selling in many parts of the city.
Nationwide and Auckland house prices both high new record median highs last month at $370,000 and $495,200 respectively, according to the latest Real Estate Institute of New Zealand (REINZ) data.
The Christchurch rebuild is being hampered by a severe lack of rental accommodation, according to a Real Estate Institute (REINZ) survey.
Figures from the Real Estate Institute of New Zealand (REINZ) revealed there were 6,168 unconditional sales in February 2012, up 37% or 1,666 sales compared to the same month last year.
January 2012 saw a 25.2% rise in house sales making it the best January for sales volumes since 2008, according to the Real Estate Institute of New Zealand (REINZ).
Claims New Zealand has no affordable housing have been dismissed by real estate chiefs.
National house sales were up 20% in December 2011 on the year earlier, the best December sales figures since 2007.
REINZ rounds up the sales numbers, open home volumes, prices and days to sell data from across the country.
The national median house price rose by $9,000 in October and sales were up almost 30% on the year earlier, according to the latest Real Estate Institute of New Zealand (REINZ) report.
This September saw a 21.1% rise in sales on the year earlier, but just 43 extra sales than August 2011, “a modest result given the lift usually expected during spring.”
Investor demand is strong in the Hutt Valley and Wellington but nationwide investors are “sitting on their hands.”
Nationwide real estate agents have reported little evidence investors are looking to buy in the current market – though investors are buying in some locations.
BNZ economist Tony Alexander has rejected the argument that a capital gains tax would result in additional money being invested in productive assets.
One of NZ's property hot spots is one of its coldest, with one expert predicting big things for Invercargill next year.