Home sales decline in April: REINZ
(14 May 2010)
Residential real estate sales fell 15% in April as the housing market remains subdued with the government's upcoming budget expected to bring in tax changes for property investors, according to the latest Real Estate Institute of New Zealand (REINZ) data.
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Banks repay $0.8m in overcharged break fees
(12 May 2010)
Two banks have had a rap on the knuckles and repaid $0.8 million in overcharged break fees on fixed-term loans following complaints after the sharp drop in interest rates in late 2008 and early 2009.
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Mortgage break fees 'reasonable'
(12 May 2010)
Home owners hoping for compensation from their bank after being stung with high mortgage break fees may be out of luck after an investigation by the competition watchdog found most banks were charging reasonable fees.
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Property round-up
(10 May 2010)
Market confidence and the predicted direction for prices are proving an issue to buyers, HNZ completes the rollout of a new scheme that will benefit landlords and Finance Minister Bill English invites comment about tax changes that will affect property investors.
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QV main urban areas commentary: April 2010
(10 May 2010)
Average sales prices declined in April, although are still substantially above last year's prices, according to Quotable Value's (QV) latest statistics. Find out exactly what's happening in the six main regions in the story below.
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