Residential property values have slowed just gradually enough this year to avoid eroding values the Real Estate Institute of New Zealand (REINZ) says.
One of NZ's property hot spots is one of its coldest, with one expert predicting big things for Invercargill next year.
Legislation affecting property investors has either been introduced to the house this month or will be early next year.
Given that the Reserve Bank held the Official Cash Rate (OCR) at 8.25% following its final rate review of the year last week, it is not surprising that there have been few movements in home loan rates since then.
Cliff Seque, President of the Otago Property Investors' Association, looks at the trends in the property market.
QV's October statistics released today report growth in national property values of 12.7% over the past year.
The government's major initiative to help first-time buyers, Welcome Home Loans, into their own home has reached 3000 loans.
Responding to the Government's energy efficient plans announced yesterday, the NZ Property Investors' Federation (NZPIF) President Martin Evans said the Federation was opposed to any measures to make its members compulsorily insulate their homes.
James Weir reports in the Dominion Post today that house prices are likely to increase by just 5 percent this year.
After a succession of increases in mortgage rates over recent weeks several lenders have now cut two year fixed rates.
Those who believe that the NZ economy is destined to follow North American trends have plenty of cause for concern in the latest housing data out of the US today.
In the “unbelievable” file, a Christchurch Housing NZ tenant expects a bigger house because her two sons will stay with her for one night every two weeks. “I don't ask for much, but I feel the kids need more space -- it's not good for them.”
German police have arrested a 60-year-old landlord after discovering he used cameras and microphones to spy on his tenants for a decade while they bathed and slept.
On 3 December 2007 the Insolvency and Trustee Service goes live with the new website to show NAPs and SIOs. Veda Advantage will be ready to start providing their Clients with any new NAPs and SIO information captured on the Insolvency register.
Thousands of state house tenants could be eligible for cheaper rents thanks to the dogged determination of a pensioner and a community law office.
The Government announced (6 November) a raft of proposed changes to the way the real estate industry operates in New Zealand.
The news for homeowners only seems to get gloomier at the moment. Right now mortgage rates are high across the whole market and they don't look like getting cheaper for anytime soon.
A report from Westpac has predicted stagnant house prices but large increases in rental prices.
The feature article in the November ANZ Property Focus says that the devil is in the detail. Looking at the composition behind the real estate data suggests that the market is very dichotomised and house prices are falling.
Pet owners struggling to find animal-friendly homes in a tight rental market are using novel techniques to impress potential landlords.
Mortgage rates are continuing to increase even though wholesale rates fell slightly at the end of last week.
Despite the Reserve Bank's best efforts to cool the property market, house values are still rising.
All the major lenders have now put their floating rate loans up to 10.05% following the latest increase in the official cash rate (OCR) to 7.75%.
At the Property Investors Federation's annual conference, held earlier this month, the Minister of Building Issues, Clayton Cosgrove outlined some key reforms to the Residential Tenancies Act.
Investors in hard-sell property investment company Blue Chip Financial Solutions Ltd may be wondering if they made the right investment decision.
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