Momentum in the housing market may not be sustainable, ANZ says in its latest Property Focus report.
NewsWednesday, May 01, 2013
Sellers’ house price expectations have shown no sign of slowing in the latest report from Realestate.co.nz
Building consent figures dropped last month – but one economist says that shouldn’t be seen as a sign of residential construction slowing.
Housing New Zealand should stump up with more rent if it wants to win over landlords. That’s the message from Auckland Property Investors Association president David Whitburn after the department launched a campaign to turn around negative perceptions of HNZ leases.
BNZ chief economist Tony Alexander has renewed his calls for New Zealand to implement a policy regarding foreign purchasers buying Kiwi properties.
More than 650 small-scale property investors were forced to sell properties last year, new data reveals.
Reserve Bank Governor Graeme Wheeler is in a tough position trying to tackle the strength of the Auckland housing market, one economist says.
A proposal to require new commercial buildings to be constructed to Five Green Star environmental standards has been slammed by the Property Council.
The Green Party has pointed to a report on perceptions of housing quality, released by Statistics New Zealand today, as proof that more should be done to improve the quality of the country’s rental stock.
BNZ’s chief economist has rejected suggestions from the Finance Minister that the country’s house price inflation has become a bubble.
Those worried about New Zealanders’ preference for property investment need to change their approach to the problem, says Auckland Property Investors Association president David Whitburn.
Buying property is not a sure bet and would-be landlords should exercise caution, one property commentator says.
Prime Minister John Key has rejected suggestions that a delay in approving Auckland’s unitary plan is driving up house prices.
Property for Industry and Direct Property Fund’s boards have agreed on terms to proceed with a merger.
Property availability is worsening, putting pressure on rising house prices, the latest BNZ/REINZ survey of real estate agents shows.
There were more rental properties available in the first quarter of this year, and fewer tenants looking for them, according to Trade Me. But the problem seems to be confined to Auckland.
March recorded the highest number of sales in a single month since May 2007, the Real Estate Institute says.
Concern about foreign buyers snapping up properties is purely an Auckland issue, says BNZ chief economist Tony Alexander, but it needs to be acted on now.
Limited information is available about a fund that will allow investors to purchase a slice of an Auckland residential property portfolio. It is understood investors will be required to hold their shares for a minimum of 11 years.
Things won’t get any easier for first-home buyers in Auckland for a while yet, according to Quotable Value’s local expert, Kerry Stewart.
A solution to Auckland’s housing affordability crisis could lie just outside the city’s boundaries, a business lobby group says.
If you don’t like the sound of what’s contained in the draft Auckland plan, the council wants you to have a go at doing better.
New Zealand’s rising house prices are a risk to the economy, the Reserve Bank’s deputy governor says.
Property investment guru Olly Newland has pointed to Pokeno as a possible boom area.
Houses selling for more than $1 million have pushed Auckland’s average sales price to a record $645,928 for March, Barfoot and Thompson reports.
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