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Federation News

Weather man feels chill after Jericho Residential closure (25 Jun 2011)
MetService Weather Ambassador Bob McDavitt is among the Wellington landlords left in the cold – and out of pocket - by the unexpected closure of Jericho Residential Property Management.
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Government offers to buy 5,100 Christchurch homes (23 Jun 2011)
Earthquake Recovery Minister Gerry Brownlee has announced the Government will offer to buy 5,100 Christchurch homes at 2007 rateable values.
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Government to update on Christchurch tomorrow (22 Jun 2011)
Canterbury Earthquake Recovery Minister Gerry Brownlee says the Government will give an initial update on the state of land in greater Christchurch tomorrow at 1:30pm.
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Issues Paper on housing affordability released today (22 Jun 2011)
New Zealand housing affordability is to be examined as the newly established Productivity Commission releases its first Issues Paper today.
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Auckland house prices up over quarter, but ‘bumps ahead' says BNZ (17 Jun 2011)
Auckland house price rises over the three months to May are more than a simple recovery from the previous quarter, though "there will be bumps" according to BNZ.
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Wellington landlords out of pocket after company closure (16 Jun 2011)
Landlords with Wellington property management firm Jericho Residential Property Management have been left out of pocket after the company unexpectedly shut.
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Strong demand boosts Auckland rents, says Barfoot & Thompson (15 Jun 2011)
Auckland rents have continued on an upward trajectory, with the average weekly rent up $8 to $427 in May, according to Barfoot & Thompson.
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Auckland leading real estate recovery, says Harcourts (15 Jun 2011)
Auckland is "clearly leading the real estate market recovery" with a 27% increase in written sales over the year to May 2011, according to the latest Harcourts MarketWatch.
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Auckland City Centre rents down 31% over year to May, Crockers (15 Jun 2011)
The average median rent for a one-bedroom property in Auckland City Centre fell 31% in the year to May, while a four-bedroom property in One Tree Hill/Ellerslie saw its rent increase by 31%, according to the latest Crockers Auckland rental price table.
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REINZ regional commentaries - May 2011 (14 Jun 2011)
A round up from around the regions.
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Auckland leads national sales volumes up, but prices down (14 Jun 2011)
The housing market saw a further lift in volumes in May, with the seasonally adjusted number of sales up 2.6% on April, according to the latest REINZ report.
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Agents spy slight rise in property investor interest in June (10 Jun 2011)
There was a slight increase in the number of investors looking to buy property in June, nationwide sales prices remain flat and sellers are generally more motivated than buyers, according to the BNZ-REINZ Market Survey.
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Auckland and Wellington values a tale of two cities, QV (08 Jun 2011)
Property values have remained flat across the country in May while Auckland and Wellington trends contrast, according to the latest QV report for May.
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QV May 2011 Report - the regions (08 Jun 2011)
A review of QV's Residential Price Index for May.
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The perpetuity problem pertaining to property (08 Jun 2011)
Proposed changes to New Zealand's trust laws have the potential to alter the transfer of property and are long overdue, according to NZ Trustees Services director Jonathon Cron.
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Economic confidence up but property sector optimism mixed, BNZ (07 Jun 2011)
Property management sector feedback to the BNZ Confidence Survey appears to mirror recent housing market data, with Wellington flat, rising rents in Auckland and a mixed picture for Christchurch.
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After three months of rises, average Auckland house price slips in May (03 Jun 2011)
Auckland house prices took a dip in May after three months of rises, while sales lifted 3.3% to climb 12.2% above year-ago levels, according to the latest Barfoot & Thompson data.
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2011 on course for least number of houses built (03 Jun 2011)
April saw a 32% year-on-year fall in new home consents to 893, according to Statistics New Zealand figures.
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Getting REAL about property management education (02 Jun 2011)
Real estate training organisation REAL ITO is consulting with the property management industry on qualifications for letting agents and property managers.
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Otago oil boom ahead (01 Jun 2011)
Dunedin Property Investors could expect house values to increase in the long term if the Dunedin City Council's attempts to entice oil companies to the region work out, Otago Property Investors were told at their annual meeting.
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Auckland property market shifts in favour of sellers (01 Jun 2011)
The sluggishness of new listings over the past two years has seen the Auckland property market finally tip in favour of sellers, according to the latest Realestate.co.nz Property Report.
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Housing market improves, but from low base, says ANZ (30 May 2011)
Rents have reached a two-and-a-half year high and are set to increase further, according to the latest ANZ Property Focus.
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Low rates increasing appeal of investment property, ASB (30 May 2011)
Housing market confidence has improved slightly over the March quarter and lower mortgage rates have made property an increasingly attractive investment, according to the latest ASB Housing Confidence survey.
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New system aims for fewer estate agent complaints (23 May 2011)
The Real Estate Agents Authority (REAA) hopes the launch of a new complaints handling system will reduce the number of official complaints against real estate agents.
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Rental property top investment choice for Aucklanders (16 May 2011)
Aucklanders rate rental property as their preferred investment class, bucking the national trend for favouring term deposits, according to the latest ASB Investor Confidence Survey.
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