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Federation News

REAA promises more legal action, agents in gun too (27 Jan 2012)
Property 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).
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Blue Chip directors, auditors hit with $40m claim (24 Jan 2012)
Blue Chip liquidators have gone to court claiming more than $40 million from former directors and auditors of the failed property investment scheme.
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REINZ Regional Commentaries - December 2011 (18 Jan 2012)
Auckland 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.
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Strong December with sales up 20% (18 Jan 2012)
National house sales were up 20% in December 2011 on the year earlier, the best December sales figures since 2007.
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Auckland home to least affordable property (12 Jan 2012)
Auckland has overtaken Central Otago Lakes as the least affordable place to buy a house, according to the latest Massey University home affordability report.
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Auckland prices up, December sales at five year high (11 Jan 2012)
The 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.
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Wellington rents drop as job cuts bite (11 Jan 2012)
Rents in Wellington are dropping as demand slumps due to cutbacks to the public sector.
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QV January 2012 - the regions (10 Jan 2012)
Last 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.
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Property values up but sales remain low (10 Jan 2012)
Nationwide 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.
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2011 ends with marked fall in new listings (09 Jan 2012)
The 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.
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