Category Archives: Real Estate Agent News

Legal battle looms over Kieran Foran property plans

STAR NRL Bulldogs recruit Kieran Foran has just listed his Dee Why investment apartment.

He has set a $745,000 asking price on the two-bedroom offering.

The late-1960s Westminster Ave apartment cost $451,500 in 2011.

The drama in Foran’s off-field life returned to the public arena following the earlier listing of his Freshwater house for an October 28 auction with $2.8 million hopes through Ray White agents Graham Bennett and Bernard Hachenberg.

In happier times. Source: Instagram

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The new government should introduce a capital gains tax as a minimum

However, one economist believes Labour may not have the appetite for the bold economic change New Zealand First is signalling it wants.

During his coalition announcement yesterday evening, New Zealand First leader Winston Peters said he believed New Zealand was facing an imminent economic slowdown, and that current economic settings did not work for everyone.

“Far too many New Zealanders have come to view today’s capitalism not as their friend but as their foe – and they are not all wrong,” he said.

Photo: 123RF

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Does your house earn more than you?

Houses in many regions have taken a pay cut with stalling sales prices cutting into capital gains.

In the past few years, homes in areas including Auckland had earned more in soaring values than the average worker earned at their job.

But new figures crunched by the Herald show the trend has reversed as the housing market plateaus and quick profits dry up.

Stellar price growth has eased across much of the country, meaning people’s houses are now earning less than workers’ gross pay packets across most New Zealand regions.

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Capital gains lag behind median wages in most regions as sales prices stall after years of spectacular growth. Photo / Chris Loufte

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Yours for $8m-plus: Unfinished Takapuna home

A partly-built Auckland waterfront home once at the centre of litigation which stopped development work on the exclusive site facing Rangitoto is on the market for $8 million-plus.

The property on Takapuna’s leafy, upmarket, quiet cul-de-saq Minnehaha Ave is being marketed as either a buy-and-finish or buy-and-bowl, along with plans for a new home.

Building site in ruins at 27 Minnehaha Ave, Takapuna is now for sale. Photo/Greg Bowker

Building site in ruins at 27 Minnehaha Ave, Takapuna is now for sale. Photo/Greg Bowker

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Has Queenstown’s property market peaked?

Sales are down in the wider Queenstown property market after a price surge but there are still plenty of choices for high end real estate buyers.

One is the yet-to-be built penthouse in central Queenstown’s latest apartment venture going for $6.5 million.

The penthouse is part of developer Kevin Carlin’s $100 million five-star Queenstown Views apartment development on Brecon St leading up to the Skyline gondola.

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This 740sqm mansion at Dalefield in a park-like setting near Queenstown is on the market for $5.8m.

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Foreigner land sale ban could hurt economy: finance expert

Clamping down on property and farm sales to foreign buyers would hurt New Zealand’s economy, says one expert.

Labour and New Zealand First have agreed to restrict sales of residential land and farmland to citizens, permanent residents and companies that are majority NZ-owned.

Justin Ensor, a KPMG partner and deal advisory chief, questioned the effect of the new policy.

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DIY house sales drop in Auckland

Private house sales are taking a hit as prices flatten in the Auckland property market.

The proportion of Auckland homes listed for private sale on Trade Me dropped from 4.6 per cent in September 2015 to 3.3 per cent for the same month this year.

However, there are still a number of Aucklanders willing to bypass professional agents after being burnt in the past.

Auckland resident Christine Primrose has decided to sell her Titirangi home privately.

READ MORE:
Predictions real estate agents will drop out as house sales plummet
NZ’s real estate sales model needs a shakeup
Hamilton real estate agency fined $1 million for price fixing
Sales drop around New Zealand, Real Estate Institute data shows

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Private house sales are still an option in a changing real estate market.

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