RTA amendments finally passed (22 Jul 2010)
The Residential Tenancies Amendment Act was passed by Parliament yesterday, with no last-minute changes to what was previously on the table.
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Property investors welcome new tenancy laws (20 Jul 2010)
The changes in the Residential Tenancies Amendment Bill was passed by parliament on 20th July 2010. According to the Housing Minister Phil Heatley, the new bill will satisfy the demands of the landlords, property investors and the tenants.
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Canterbury investment properties hard to move (19 Jul 2010)
Only a third of a portfolio of 20 investment properties put up for sale in Christchurch have been sold, reflecting the difficult market conditions.
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Soft housing activity predicted for the rest of the year amid weak REINZ data (15 Jul 2010)
Economists are predicting the housing market will stay soft for the rest of the year after Real Estate Institute data showed sales volumes stayed under pressure last month.
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Big bill hits fire family (15 Jul 2010)
A Piopio family who lost all their belongings in a [rented] house fire have been slapped with a $200,000 insurance bill.
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Govt came close to changing capital gains tax rules on property (14 Jul 2010)
Toughening existing tax rules about when the capital gain on a property can be taxed were still under consideration by ministers until relatively late before this year’s Budget, papers released by the Treasury show.
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Residential highlights - June 2010 (14 Jul 2010)
Residential house prices firmed last month, according to the Real Estate Institute (REINZ). Find out what is happening in the main residential areas throughout the country.
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Home sales sink further to second-worst June in 10 years (14 Jul 2010)
Residential sales volumes sank to the second-lowest volume in a June month in the past decade as the property market remains mired in the doldrums, according to Real Estate Institute data.
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Property investors staying put in this buyers' market (13 Jul 2010)
A survey of property investors by Quotable Value has confirmed results of an earlier survey run by Landlords.co.nz. Both surveys show that few landlords intend to sell their investment properties because of changes introduced by the government in this year’s Budget.
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Property investors still sitting on their hands (12 Jul 2010)
Property investors are still "sitting on their hands" in the wake of the government's Budget, as values continued to ease last month.
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