Archive: 2012
Housing consent numbers hit record lowThe year to December 2011 saw the lowest number of new housing approvals since records began 47 years ago Forster questions role of lawyers in finders' tussleProperty finder Dorien Forster has broken her silence over her court battle with the Real Estate Agents Authority (REAA), questioning the role of lawyers in the transaction that led her to the High Court. REAA promises more legal action, agents in gun tooProperty finders - and the real estate agents that work with them - are to be targeted over the coming year for legal action by the Real Estate Agents Authority (REAA). Real estate chiefs slam affordability claimsClaims New Zealand has no affordable housing have been dismissed by real estate chiefs. Blue Chip directors, auditors hit with $40m claimBlue Chip liquidators have gone to court claiming more than $40 million from former directors and auditors of the failed property investment scheme. REINZ Regional Commentaries - December 2011Auckland sees strongest December sales since 2006, Wellington numbers down on November and December 2010 and Manawatu/Wanganui sees a 45% year-on-year sales rise. Strong December with sales up 20%National house sales were up 20% in December 2011 on the year earlier, the best December sales figures since 2007. Auckland home to least affordable propertyAuckland has overtaken Central Otago Lakes as the least affordable place to buy a house, according to the latest Massey University home affordability report. Auckland prices up, December sales at five year highThe Auckland housing market had a strong finish to 2011 with the average selling price up $5,500 on November to $573,071 - the second highest average for the year. Wellington rents drop as job cuts biteRents in Wellington are dropping as demand slumps due to cutbacks to the public sector. QV January 2012 - the regionsLast year ended with Auckland property values at their highest ever level, 1.4% above the 2007 market peak. Wellington values struggled to just 0.4% above 2010 and there were mixed results for the rest of the country. Property values up but sales remain lowNationwide property values rose 2.4% over 2011 and are now 3.5% above the 2007 market peak, though the year was also characterised by lower than normal sales volumes. 2011 ends with marked fall in new listingsThe amount of new listings plunged 35% in December as the property market saw a further tightening of supply, with the shortages most acute in Auckland, Wellington and Christchurch. January '12 IssueIn January's edition of NZ Property Investor we have our experts' predictions for 2012. We have a new series on how to generate cash and look at free internet for tenants - is it a good idea? What are you going to do this year?The start of a new year is an excellent opportunity to examine your rental property, look at the investment environment and make some plans for what you want to achieve over the coming year. By the time you read this, hopefully you will still be on your Christmas break and will have some time to have a good think about what you are doing with your property, free from work or business commitments. Results: 15 |