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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Average weekly rent up 7.4% in year to June (28 Nov 2011)
The average weekly rent rose 7.4% in the year to June 2011, and 35% of New Zealand households made rent payments over that period.
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Housing market confidence slips over quarter (24 Nov 2011)
Expectations that house prices will rise have fallen over the October quarter, and less people believe now is a good time to buy a house.
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Potential - and pitfalls - in mortgagee sales (21 Nov 2011)
Almost three times more mortgagee properties came to market this year than before the global financial crisis in 2007.
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Ha portfolio sale includes rentals with ‘solid returns’ (16 Nov 2011)
A portfolio of 10 properties – eight of them with tenancies in place – will be auctioned by Bayleys in what the estate agent has described as one of Auckland’s biggest residential portfolio sales.
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CGT and planners get both barrels from Brash (15 Nov 2011)
Bursting the housing bubble – and making homes more affordable – will not be achieved by a capital gains tax, claimed ACT leader Don Brash.
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REINZ Regional Commentaries – October 2011 (11 Nov 2011)
REINZ rounds up the sales numbers, open home volumes, prices and days to sell data from across the country.
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House prices up $9,000 in October (11 Nov 2011)
The national median house price rose by $9,000 in October and sales were up almost 30% on the year earlier, according to the latest Real Estate Institute of New Zealand (REINZ) report.
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Investors still active in capital, Hutt Valley, muted elsewhere (10 Nov 2011)
Wellington and the Hutt Valley have again topped the BNZ-REINZ Residential Market Survey for investor activity, with 37.9% of real estate agents reporting investors active in the market.
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Investor confidence in rental property at decade low (09 Nov 2011)
The popularity of rental property among investors has hit an almost 10-year low, according to the latest ASB Investor Confidence survey.
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QV October 2011 - the regions (09 Nov 2011)
Property prices up nationwide, parts of Auckland above 2007 peak
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Property prices up nationwide, parts of Auckland above 2007 peak (09 Nov 2011)
National property values continued to gradually rise across the country and are above 20007 peak levels in parts of Auckland, according to the QV residential property index for October.
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Auckland sales down, listings and prices up (04 Nov 2011)
The arrival of spring has seen a modest increase in interest in the Auckland housing market with more homes listed, the average price edging up though the number of sales fell slightly.
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October sales rise but enquiries hit by RWC, holidays and Greek tragedy (03 Nov 2011)
Property sales rose in October despite the Rugby World Cup, school holidays and confidence issues negatively affecting buyer enquiry levels, according to First National’s monthly residential property survey.
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Show me the (mentoring) money (02 Nov 2011)
Rent isn’t the only money to be made from rental property, as the growth in investment property seminars and mentoring shows, and for Property Investors Federation president Andrew King, it’s a concern.
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Asking prices hit new high in October (01 Nov 2011)
Property asking prices hit their highest level since 2007 in October at $434,161, according to the latest Realestate.co.nz NZ Property Report.
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Property Tutors defended in wake of FMA warning (01 Nov 2011)
Property Tutors – whose recent newspaper advert triggered a Financial Markets Authority (FMA) warning – has been defended by Gilligan Rowe & Associates (GRA) Matthew Gilligan.
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Home consents see ‘large decrease’ in September but trend still rising (31 Oct 2011)
The number of new homes authorised in September fell a seasonally adjusted 17% - though the trend continues to rise after dropping to some of the lowest levels since records began.
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Property Tutors "no income property investment" adverts criticised by FMA (28 Oct 2011)
The Financial Markets Authority (FMA) is warning potential property investors with no income – currently being targeted by newspaper adverts from Property Tutors Ltd – to seek legal and financial advice.
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Bollard spooks market (27 Oct 2011)
Reserve Bank governor Alan Bollard spooked financial markets slightly into thinking he may raise interest rates sooner than they had anticipated although, as expected, he's left rates unchanged for now.
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Christchurch City exodus a shot in arm for suburban landlords (26 Oct 2011)
The departure of almost 10,000 people from Christchurch City has proved to be a boon for landlords and property managers on the outskirts of the city.
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Mid-price rental property in short supply (19 Oct 2011)
Just over half of First National’s property managers believe a good balance exists between supply and demand, while 41% believe there is a shortage of rental properties.
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Birkenhead rents continue to rise (18 Oct 2011)
The average median rent for a one-bedroom property in Birkenhead has soared 42% in the year to September 2011, while the same size property in Epsom has seen rents fall 24% over the same period.
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Auctions increase in popularity - but have potential to hammer investors’ (17 Oct 2011)
Property investors are back in the auction rooms, according to Barfoot & Thompson auction manager Tim Carter.
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Sales up almost 20%, led by surge in auctions (12 Oct 2011)
The New Zealand real estate market is climbing out of the doldrums, with September written sales up 19.8% on the year earlier, according to Harcourts.
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Property values up with Auckland leading the charge (12 Oct 2011)
Property values in Auckland are above the market peak of late 2007 and are leading national values on a gradual rise, according to the latest QV residential property index.
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