Property value growth slows

A levelling off of the Queenstown Lakes and Central Otago property market is partly due to pre-election jitters, according to QV National spokesperson Andrea Rush.

Quotable Value figures released this week show value growth in Wanaka had slowed to 0.2 per cent in the three months to July 31 from 17.9 per cent over the previous year and 42.3 percent over the previous two years.

Queenstown was showing only a 1 per cent increase, 2.3 per cent for Alexandra and 4.1 per cent in Cromwell. Previous growth rates were between 16 and 20 per cent.

MARJORIE COOK

Wanaka as viewed from Mt Iron.

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How (not) to be a good human, according to The Block

In a previous life as a teacher, I was asked to incorporate values into teaching units. If you visit most schools you will find they are now equipped with core values or virtues.

There are two channels of thought. The first is that virtues are the personal qualities that we all contain and through their development we acquire a set of values. The other is that we all have a set of values that we grow up with, and that a school should have values that reflect the community it is in.

So, what if we relate this to the latest Kiwi reality show to get people talking. Which virtues and values are promoted by The Block?

After viewing nearly all the episodes I arrived at these conclusions…

READ MORE:
Hard times ahead for Block losers
Block star’s bitter parting shot
Live Block auction a “shocker”
Givealittle pages for Block teams

TOM HOLLOW

It’s all fun and games on screen, but what kind of message is The Block really conveying?

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Multimillion-dollar commercial development planned for Turangi

A new multimillion-dollar commercial development incorporating existing motel accommodation with a new truck stop, service station, restaurant and drive-through off State Highway 1 is in the offing for Turangi.

But the proposal is already leading to concern among some locals and businesspeople worried that it will draw traffic away from the town centre and impact negatively on the riverside residential area.

An aerial view of the Parklands Motor Lodge that is at the centre of a proposed new multimillion-dollar service centre development off State Highway 1 at Turangi.

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NZ September Property Market Update

ANZ is partnering with Core Logic to deliver a monthly Property Market update. You can get up to speed with all that’s happening in the New Zealand property market, as Jonno Ingerson (Head of Research at Core Logic) takes you through the latest trends in our monthly video. Please note, the information in this video is delivered by Core Logic and should not be considered financial advice.

 

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David Seymour: ‘I can’t afford my own house in Auckland’

Act Party leader and Epsom MP David Seymour says he can’t afford to buy his house in Auckland.

Seymour told NZ Herald Focus’ Tristram Clayton that the fact he can’t afford to buy the house where he lives shows how deep the housing crisis is in Auckland.

Seymour earns about $190,000 a year as an MP (plus benefits) and was questioned by Clayton about his previous comments about not being able to afford a house in his Epsom electorate.

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Act Party Leader David Seymour has stood by his claims that he could not afford a house in Auckland.

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Grand Designs disaster: ‘We’re going to do it again’

Grand Designs host Chris Moller was left speechless by a family who spent months building their dream home – and didn’t like the results.

In fact, Kelly and Joe Davidson are so upset at the outcome they’re selling their new home, and attempting to build it again.

 

The Davison family with their Helensville villa in the distance: Joshua (far left), Emma, Jessica, Ben, Sarah, Jamie, Kelly and Joe.

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Rent surges for apartments, national rent flattens – Trade Me

The cost of renting apartments, townhouses, and unit properties in New Zealand is more expensive than ever, according to Trade Me.

Apartments have seen a surge in popularity, with median weekly rent increasing 20 per cent in the last three years, according to the latest Trade Me Property Rental Index.

They have reached a new record of $460 a week, costing tenants $3900 a year more than three years ago.

Auckland apartments are more expensive than one to two bedroom houses, and demand is soon expected to push the median price to $500 a week, according to the index for August.

READ MORE:
Election: Who’s in it for the renters?
Renters United report calls for caps on annual rent rises
Renters v Landlords: the argument for regulation
Landlords v tenants: How to live in a house

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Trade Me chief executive Nigel Jeffries said townhouses, apartments, and units were typically warmer, drier and in better locations than houses.

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AUSTALIA: It’s official: Brisbane is more liveable than Melbourne

IT might have been robbed of the top spot on the world’s most liveable list, but new research has confirmed life in Brisbane is actually far better than Melbourne.

Brisbane has cemented itself as the nation’s lifestyle capital, with the city home to seven of the top 10 most liveable suburbs in Australia.

Only St Kilda West was able to edge Brisbane suburbs out of the top five, with South Brisbane coming a close second, followed by Dutton Park, Spring Hill and Kangaroo Point.

Sarah Jones lives in Fortitude Valley, which is one of the top 10 most liveable suburbs in Australia, according to data compiled by realestate.com.au. Picture: Adam Head

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Tradie allegedly rams Latta’s fence

Television host Nigel Latta has revealed he called 111 after an angry tradie allegedly drove into his gate, right next to where the psychologist was standing.

The host posted on Facebook after the incident to give his side of the story. Latta said he fired his tiler on Sunday, “after weeks of delays, poor work, and damage all over the property”.

Latta then alleged the angry tradesman attempted to ram his car into a fence in spite.

“Stopped him with some quick thinking and the promise of dropping one of his cement bags on his bonnet,” Latta wrote.

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Nigel Latta is looking for some new tradies.

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Building consents hit record high in Palmerston North due to housing surge

Building consents in Palmerston North are through the roof, with the council employing new measures to manage the demand.

Palmerston City Council delt with 141 consent applications in August, a new record for a single month.

Council economic advisor Peter Crawford said the past three months had also been huge in terms of the total dollar values of consent applications as well.

​In July, consents were filed to meet $70 million of construction costs.

READ MORE:
High demand leads to long waits for new homes in Manwawtu/Whanganui
Manual handling gives way to sleek online service
Major developments mean a rosy outlook for Palmerston North
Record high demand causes building consent delays in Palmerston North

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Council customer services manager Peter Eathorne behind the stacks of building consents that have been filling the consents team’s office.

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Pensioners forced to borrow from families to fix Shore homes: agent

Some elderly leaky-building victims have been forced to go to their families for the $200,000-plus they each need to fix their North Shore homes because they have no other options, a real estate boss says.

Paul Lochore, managing director of body corporate secretary Lochore’s Real Estate at Birkenhead, said some of the owners of 17 townhouses at 13 Kaihu St, Northcote, had been forced to borrow the $230,000 to $280,000 repair costs from their families.

The Park at Northcote is more than 10 years old so falls outside the Government’s financial assistance package.

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Bank takes over station

One family’s 100-year reign at a prized high country station has come to an end.

Craigieburn Station near Arthur’s Pass has been put on the market under a mortgagee sale.

The property has been farmed by Johnny Westenra since 1992. He is the great-grandson of Walter McAlpine, who bought the lease in 1917.

PGG WRIGHTSON

Craigieburn Station, near Arthur’s Pass

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Givealittle pages for Block teams

Following the establishment of a Givealittle page for The Block losers Ling and Zing, one has also now been createdfor surprise second-place getters Stace and Yanita as well.

Like Ling and Zing supporter John Witty of Canterbury, Adam Robertson from the Bay Of Plenty also describes himself as a “disgruntled viewer” and says Stace and Yanita are the “rightful winners of The Block NZ 2017”.

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Like Ling and Zing, Stace and Yanita now have their own Givealittle page too.

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The Block’s mystery bidder explains himself

An Auckland-based actor who found himself at the centre of a social media storm today has spoken out, explaining just why he was at The Block auction yesterday.

Matthew Haines sparked a flurry of interest after he opened bidding on one of The Block homes last night and was shown talking on his phone throughout the night.

In a statement to the Herald, Haines confirmed he was an actor but was not there in a professional capacity.

“I am genuinely surprised by all the interest I’m getting,” he wrote. “I was simply there as a member of the public bidding on behalf of some friends that live out of town.”

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What does ‘The Block’ says about the Auckland property market?

Reality TV show The Block had its final last night and many people aren’t happy with the result.

Winners Andy and Nate got a second chance at auction after a very slow round of bidding.

The profits were far lower than previous years, raising questions about what this means for our housing market and whether the reality series can continue.

Ashley Church from the Property Institute gives us his thoughts on the final auction.

Photo: ThreeNow

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The Block: Andy and Nate talk

The fallout from The Block New Zealand’s contentious finale continues with winners Andy and Nate admitting “the hate” they’ve received on social media has been brutal.

In a sombre interview on Monday morning the pair say there were emotional scenes when the cameras stopped rolling.

“There were tears…especially with Steak and Cheese (contestants Yanita and Stace) having lost it. We’ve been getting a lot of hate,” Andy says. “I can totally understand why people are feeling a little bit ripped off but we had nothing to do with it.”

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Andy and Nate were subdued the day after their win on The Block NZ.

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FOR SALE: 27 Kiwi Road, Devonport

27 Kiwi Road, Devonport

ABSOLUTELY EXQUISITE RENOVATION

For Sale By Tender

Are you sitting on the “do we / don’t we renovate” fence? Keen to have the home you deserve but worried about plunging your family into the turmoil of renovating? Then, this absolutely …

Linda Simmons

Residential Sales

City

 

 

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The Block: Two auctions for same house ‘not illegal’ says former Block auctioneer

Disgruntled viewers are swamping social media with their complaints about last night’s auction, but a former auctioneer on The Block NZ says there was nothing illegal about the way the auction was handled last night

Andy and Nate’s house, which was initially passed in, was sold for the highest profit at a shock second auction that no-one expected. They effectively snatched the win from Stace and Yanita.

The auctioneer, who prefers to be anonymous as he has yet to see the show, says if a property has been passed in at auction, then the vendor can decide what to do.

That’s shite Tv . Pay the girls! They won it fair and square. My wife says you girls also invited for beers in Matamata.

TOM HOLLOW

The ‘happy’ pictures were taken before the show – before Stace and Yanita and Andy and Nate had their shock defeat and win.

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Give-a-little to Ling and Zing?

A Give-a-little page has been established to help out The Block losers Ling and Zing.

John Witty of Canterbury, who describes himself as a “disgruntled viewer”, has set up the page to help raise funds “for the reward they deserve”.

“Surely everyone can put in a small amount for the boys,” he says. “It (the money) will be given to the boys to spend how they like.”

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Ling and Zing were the ‘characters’ on The Block, but they came in last, despite selling their house for the highest price.

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Why The Block’s mystery bidder is causing a stir

Who was this man in The Block’s auction room, should he have been there, and what was his role?

That’s the question on everyone’s lips after The Block’s live auction disaster played out on live television last night.

The finale of Three’s reality show became full of awkward drama as the North Shore homes four teams had worked on for months struggled to sell, showcasing Auckland’s slowing propery market.

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So evidently this guy’s an actor called Matthew Haines. 🎭😏  

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