Door may open to 2800 houses near Queenstown

  • More than 2800 residential units could be built along Ladies Mile, near Queenstown, an indicative master plan for the area shows.

The council’s plan covers an area of 136ha on either side of State Highway 6 and includes the under-construction Queenstown Country Club (QCC) – the only Special Housing Area (SHA) approved on the Ladies Mile to date. It will be considered by the council at its meeting this Friday.

READ MORE VIA NZHERALD

More than 2800 residential units could be built along Ladies Mile, near Queenstown.

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$125 rent to live in an Auckland caravan patched up with masking tape

  • A dingy, half-painted caravan with masking tape holding the windows together is being advertised for rent on TradeMe as a “fully-furnished one-bedroom unit”.

It will cost the tenant $125 per week to live in the caravan, which sits in an overgrown property on Bollard Ave in New Windsor, Auckland.

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Renting this caravan will cost you $125 a week in Auckland. Photo/Trade Me

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New waterfront development planned on Site 9 – but land price withheld from ratepayers

  • A new commercial development on Wellington’s waterfront looks set to cause controversy before construction even begins.

Wellington City Council’s Site 9, alongside Customhouse Quay, has been earmarked by developer Willis Bond & Co for a new five-storey block – but it is being opposed by Waterfront Watch, and is expected to end up in the Environment Court.

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KEVIN STENT/ FAIRFAX NZ

Site 9 is behind the orange digger.

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Pricier loans could be on the cards

  • Homeowners with mortgages are being warned a credit rating downgrade for the big four banks could be bad news for their repayments.

Credit rating agency Moody’s has downgraded a dozen Australian banks, including the big four, citing increased risks in the nation’s increasingly indebted households.

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The big four Australian banks, which operate BNZ, ANZ, Westpac and ASB in New Zealand, have had their ratings downgraded by Moody’s.

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Department stores on way for Sylvia Park: but who?

  • Kiwi Property is advancing its $200 million-plus Sylvia Park expansion, revealing details in an NZX presentation this morning with at least one big new department store and 1500 extra car parks to cope with demand.

But which department stores is unspecified. Kiwi is only saying it will have “at least one” and that it will be upstairs as part of a vast 2-hectare floor space expansion.

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The Sylvia Park aerial view shows changes at the Auckland centre.

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Plush apartments to boost Tauranga CBD revival

  • A $29 million development featuring 27 luxury inner city apartments is expected to provide a further boost to Tauranga’s CBD.

The new six-storey Latitude Residences apartment complex in Park St is the latest in a series of apartment buildings underway in the city centre which will create almost 100 new apartments.

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An impression of the six-storey Latitude Residences apartment complex on Park St. Photo/Supplied

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Quick turnaround for a former meth-contaminated house in Hamilton

  • A Hamilton house that has been renovated after being decontaminated of methamphetamine now has a hefty price tag.

The Pukete home at 1 Titoki Place is back on the market, having sold at auction on March 29, 2017.

New owners Steve and Vicki Hardwick brought the three-bedroom, one-bathroom house with a double garage for $410,000 at a Lodge Real Estate auction with the intention of quickly doing it up and selling it on.

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TOM LEE/FAIRFAX NZ

This Pukete house, at 1 Titoki Place, is back on the market 65 days after being sold.

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America’s Cup 2017

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The change that dropped house prices

  • Housing affordability, or the lack of it, has been a topic dissected ad nauseam in Australia and New Zealand, so it may come as some surprise that other world cities are looking here to curb their own woes.

As hard as it might be to believe for Aussies and Kiwis looking to get a foot on the property ladder to believe, one city in particular has sought inspiration from Australian housing policy and seen an almost 20 per cent drop in house prices.

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Vancouver downtown city in British Columbia. Photo / 123rf

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High rise living! Bec and Lleyton Hewitt put their $10 million luxury Melbourne penthouse on the market for a third time

  • Bec and Lleyton Hewitt have put their luxury Melbourne penthouse on the market yet again.

This is the third time the couple has tried to sell their St Kilda Road apartment in six years, according to The Sunday Telegraph.

Set on levels 19 and 20 of the luxurious YVE building in Melbourne, the property has an asking price of $10 million.

READ MORE VIA DAILYMAIL

Bec and Lleyton Hewitt sell multi-million dollar luxury apartment St Kilda Road, Melbourne

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More than $1 million spent on Ethiopian rental property considered ‘important diplomatic tool’

  • Taxpayers have spent more than $350,000 on upgrades to a rental property for New Zealand’s ambassador to Ethiopia and the African Union in Addis Ababa.

A further $695,000 was spent over three years on the operating cost of renting and running the Official Residence of Ambassador Bruce Shepherd, which include utilities, taxes, maintenance and security.

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GOOGLE EARTH

A Google Earth view of the Hilton Hotel in Addis Ababa where the NZ Embassy to Ethiopia is located in a commercial apartment.

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Kirks manor back on market

  • A multimillion-dollar villa built for one of Wellington’s most famous families is back on the market.

The Tranby homestead, built in 1904 for Herbert Kirkcaldie – son of Kirkcaldie & Stains department store co-founder John Kirkcaldie – has a rateable value of $2.1m and is for sale by tender.

The stately five-bedroom, four-bathroom home in Khandallah also features a spa pool and a triple garage, replete with studio loft and bathroom.

READ MORE VIA THE DOMINION POST

LOWE & CO

The home in Khandallah’s dress circle sits in the middle of a 1202 square metre private garden.

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Welcome to Property Noise New Zealand

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June 16, 2017 · 3:19 PM

REINZ June 2017 Statistics Podcast with Bindi Norwell

Published on Jun 15, 2017

REINZ Chief Executive Bindi Norwell, and REINZ Communications Manager Dee Crooks, discuss insights on the on the May Property Market, using Real Estate Institute of New Zealand data.

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Dreaming of a property bargain in SYDNEY? Experts claim buyers have ‘rare opportunity’ to snap up houses at lower prices – but it will only last for two weeks

 

  1. The next two weeks are a golden window of opportunity for Sydney home buyers
  2. The opening is the result of a drop in buyer activity and rise in properties
  3. Likely to be less competition from bidders and lower prices in auctions
  4. The market will likely swing back in July with new stamp duty exemptions

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Earlier this month, Treasury Secretary John Fraser says there’s ‘unequivocally a house price bubble in Sydney’

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Mortgage limits: nanny state or good sense?

  • The Reserve Bank has a persuasive case for being given the power to impose debt-to-income (DTI) curbs on residential mortgage lending.

It is certainly more compelling than the stock arguments raised against such a move: that it is too hard on would-be first-home buyers and is regulatory over-reach – nanny state stuff.

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More apartments needed

  • More and more Kiwis are choosing apartment over houses. In this High Life series, Homed explores what that means for the way we live.

Construction of new apartments is picking up pace but still lagging behind what is required to house a growing population, particularly in Auckland.

Some 2770 apartments are set to be completed in Auckland in 2017 – the largest number since the 2005 peak, when 3600 apartments were finished.

Even more apartments will become available next year, when a record 3840 are due to be completed.

READ MORE:
* The High Life: Two homes, one happy marriage
The High Life: Apartment lending ‘a minefield’
The High Life: 12 things you need to know about buying off plan

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Derek Flynn

In Australian cities like Sydney, high-rise living is common.

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How To Buy An Investment Property – Research & Real Estate Agents

 

This is a video about using Real Estate Agents to help you research your ideal investment property.

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HARCOURTS: National Market Watch, May 2017

  • Sales are down across the country by almost 15% compared to this time last year, demonstrating Auckland’s cooling property market is spreading.

Average prices are also starting to be affected by declining sales.

In Auckland prices are down compared to 12 months ago for the first time since sales started declining late last year.

The average house in Auckland now sells for $947,809, which is well below the $1m benchmark that was set in April, and down 0.6% compared to May 2016.

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SOURCE: Harcourts

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Don Ha Business Connect Show 13

Don Ha Business Connect – 13th TV Episode!
Don Ha presents Don Ha Business Connect – a show connecting people, property and business. Don discusses recent changes in the Auckland and New Zealand property market, property financing as an important factor in the market, and interviews special guests each episode.

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