Auckland lacking homeowners: Survey
Auckland has the lowest rate of outright home ownership in the country, Roy Morgan statistics reveal.
News
Wednesday, May 22, 2013Get systems right, property investors reminded
Property investors are in the Inland Revenue Department’s sights – it has been given an extra $6.65 million to make sure they are paying their bills.
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Kiwis backing rental property
Rental property is still New Zealanders’ top pick for investment returns, the latest ASB survey of investor confidence shows.
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Budget eyes property market
Warrants of fitness for rental properties will be trialled in New Zealand homes, the Government has announced.
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Kiwi houses too expensive: IMF
New Zealand houses are overvalued by as much as 25%, the International Monetary Fund has said in its annual economic assessment of the country.
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Sales numbers up but prices ease: REINZ
More houses were sold last month than in any April for six years, the Real Estate Institute says.
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Buyers giving up: Survey
Buyers are despairing of ever being able to find a property, according to the latest BNZ/REINZ survey of real estate agents.
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Accord fast-tracks developments
Developers will be able to push through subdivisions in less than a quarter of the time under a housing accord signed between the Housing Minister and Auckland’s mayor.
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QV reports price momentum spreading
New Zealand’s house price increases are now being driven by all the main centres, not just Auckland and Canterbury, QV says.
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Stats hide large variations: QV
QV’s latest data reveals some of the huge disparity in the property market in New Zealand at the moment.
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Kiwis expect prices to carry on rising: ASB
Almost two-thirds of people expect house prices to continue to rise over the next year, according to the latest ASB Housing Confidence Survey.
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Reserve Bank policies get blame for lagging rents
Reserve Bank policies may have increased the gap between average rents and average house prices over recent years, an analyst says.
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Insurance changes: Don't guesstimate
Property investors will soon have to put a dollar value on the cost of replacing their entire portfolios.
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Council eyes Plan profits
Auckland Council wants to be able to take a slice of any increase in value of properties that have their zoning changing from low density to high density housing, or rural properties that are rezoned urban.
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Upward price momentum stalls: Barfoot and Thompson
Auckland’s average house price dipped slightly in April, Barfoot and Thompson reports.
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ANZ: Is market sustainable?
Momentum in the housing market may not be sustainable, ANZ says in its latest Property Focus report.
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Asking prices climb
Sellers’ house price expectations have shown no sign of slowing in the latest report from Realestate.co.nz
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Consent drop may be a blip
Building consent figures dropped last month – but one economist says that shouldn’t be seen as a sign of residential construction slowing.
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HNZ targets investors
Housing New Zealand should stump up with more rent if it wants to win over landlords. That’s the message from Auckland Property Investors Association president David Whitburn after the department launched a campaign to turn around negative perceptions of HNZ leases.
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Clean, green image will attract buyers: Alexander
BNZ chief economist Tony Alexander has renewed his calls for New Zealand to implement a policy regarding foreign purchasers buying Kiwi properties.
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Investors over-represented in mortgagee sales
More than 650 small-scale property investors were forced to sell properties last year, new data reveals.
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Fine balance for Wheeler
Reserve Bank Governor Graeme Wheeler is in a tough position trying to tackle the strength of the Auckland housing market, one economist says.
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Eco proposal criticised
A proposal to require new commercial buildings to be constructed to Five Green Star environmental standards has been slammed by the Property Council.
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No protection available for tenants: Greens
The Green Party has pointed to a report on perceptions of housing quality, released by Statistics New Zealand today, as proof that more should be done to improve the quality of the country’s rental stock.
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No bubble to worry about: Alexander
BNZ’s chief economist has rejected suggestions from the Finance Minister that the country’s house price inflation has become a bubble.
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