Tax Working Group got it wrong
(18 Mar 2010)
The Government has said the Tax Working Group's (TWG) predictions on how much revenue could potentially be collected from tax on the property investment sector was too radical.
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Game of two halves
(17 Mar 2010)
The housing market appears to be a game of two halves, with some areas seeing substantially more sales activity than others.
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Steam still coming out of house sales
(12 Mar 2010)
Total residential house sales rose sharply in February, compared with a 10 year low-point in January, but seasonally adjusted prices fell and it is taking longer to sell homes as tax-shy investors stay out of the market.
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Bollard's predictions on interest rates welcome
(11 Mar 2010)
Reserve Bank governor Alan Bollard kept the official cash rate unchanged at 2.5%, as expected, and reiterated a mid-year start to rate hikes, saying the subdued pace of recovery will restrain inflation.
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Whangarei: City of 100 opportunities
(09 Mar 2010)
Jacqui Sorenson knew exactly what to look for when she bought an investment property in Whangarei earlier this year. That's because she's a property manager at Whangarei Real Estate (Just Rentals Northland) and knew what the city's tenants want.
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Values growing at slower pace
(08 Mar 2010)
House values rose 5.5% in the year through February, though the speed of growth is beginning to slow down, according to QV Valuations.
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Building consents fall for second month
(26 Feb 2010)
New Zealand home building consents fell for a second month in January, suggesting the nation's economic recovery is still fragile as property owners fret about tax changes and the potential for higher interest rates.
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Housing minister resigns
(25 Feb 2010)
Housing and Fisheries Minister Phil Heatley has resigned his portfolios as a result of further discrepancies over his ministerial credit card spending.
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Steadying of housing market dropping off
(22 Feb 2010)
The steadying of the housing market has dropped off and is now at its "least convincing" since June last year, according to the Mike Pero Mortgages/Infometrics Property Cycle Indicator.
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House sales lowest in two decades
(12 Feb 2010)
House sales fell close to 20-year lows last month, as uncertainty about property tax changes and ongoing fragility in the economic recovery continued to weigh on the market, according to Real Estate Institute of New Zealand (REINZ) figures.
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