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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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Slow, steady rent rises predicted for 2012 (23 Dec 2011)
Property investors can look forward to slow and steady rent and house price rises in 2012, according to two prominent property investment figures.
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Depreciation may need looking at: Commission (19 Dec 2011)
The government might need to take another look at its removal of depreciation for investment properties, says the Productivity Commission.
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Remuera rent rises trump nationwide levels (16 Dec 2011)
The average weekly rent for a three-bedroom property in Remuera has risen 25% in the year to November 2011, against a 3% rise nationwide.
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Nationwide sales show double-digit growth (14 Dec 2011)
Both settled and written sales are at a two-year high, according to the December Harcourts MarketWatch.
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New chief executive for REAA (13 Dec 2011)
The Real Estate Agents Authority (REAA) has announced the appointment of Kevin Lampen-Smith as its new chief executive and registrar.
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QV December 2011 - the regions (08 Dec 2011)
QV's regional focus sees investors and first time buyers active and driving prices up in Auckland, though it's a mixed picture of ups and downs across the rest of the county.
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Auckland house prices above 2007 peak, investors back (08 Dec 2011)
Two distinct groups of property investors are back in the Auckland market, according to the latest QV residential property index for November.
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Investors active in North Shore, Christchurch sees slowdown (07 Dec 2011)
North Shore City has overtaken Wellington and the Hutt Valley as the region with the most investor buying activity, according to the latest BNZ-REINZ Residential Market Survey.
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Auckland house prices hit new November high (05 Dec 2011)
Interest in the Auckland housing market surged in November with a sharp increase in sales numbers and average prices hitting a new November high, according to Barfoot & Thompson.
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Immigrants more active in market than departing Kiwis (02 Dec 2011)
Interest in buying or renting property from new immigrants outstripped inquiries from people intending to leave New Zealand, according to First National.
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Auckland leads 11% home consents rise (01 Dec 2011)
New home consents were 11% up in October compared to the previous month, with Auckland leading the charge.
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‘Flood' of new listings in wake of RWC (01 Dec 2011)
New property listings soared 18% in November as homes held back during the Rugby World Cup come to market.
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Former Don Ha properties sold (30 Nov 2011)
A mass mortgagee auction of nine rental properties formerly owned by real estate agent and mentor Don Ha was successful, with all the properties selling.
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Mum and Dads bearing brunt of mortgagee sales rise (29 Nov 2011)
The number of mortgagee sales has increased over the last quarter - and this time it's mum and dad owners being hit rather than over-stretched property investors.
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Property guru goes bust (28 Nov 2011)
Massive Action property mentor Dean Letfus has declared himself bankrupt following the collapse of his business and property investment empire.
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