Unemployment could rise to 18 per cent, house prices could halve | RESERVE BANK NZ
PHOTO: ROSS GIBLIN/STUFF Banks are fine for now, but a scenario that saw a protracted return to tighter lockdowns could challenge them, the Reserve […]
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Where you can buy a house for under $100K in Australia
PHOTO: You can buy a home for less than $100,000 in most states in Australia. Credit: 7NEWS Realestate Coronavirus has made working from home a reality […]
Gisborne Property Auction Yields Good Results Despite Covid-19
PHOTO: Property Brokers Press Release: Property Brokers Twenty-four out of 30 properties that Property Brokers took to market, sold for good prices under the hammer […]
Up to 20,000 construction jobs ‘at risk’
PHOTO:KEVIN STENT/STUFF Workers at Maritime Tower, Wellington’s tallest new building currently under construction. While building work is springing back to life, a construction downturn […]
Historical Data Shows Housing Market Will Boom After The 2020 Crisis
PHOTO:The aerial view shows a housing estate in Duesseldorf, West Germany, on May 8, 2020. (Photo by … [+] AFP VIA GETTY IMAGES Historical […]
‘Disaster’ as one in seven rentals sit empty | AUSTRALIA
PHOTO: Rental vacancies skyrocketed in the Sydney CBD. Source: News Corp Australia Rental vacancies have skyrocketed in the past month, but one Sydney area […]
Auckland developer must pay $300k
PHOTO:GEOFF REID NZ/SUPPLIED The Environment Court quashed Okura Holdings Limited’s plans to build 1000 houses next to the Long Bay-Okura Marine Reserve. A developer […]
New rules could be DIY disaster
PHOTO:LAWRENCE SMITH/HOMED Peter Wolfkamp, professional builder and site foreman on The Block NZ, advises caution if you’re planning a DIY sleep-out or office. Just […]
Large Queenstown property auction a “market barometer”
PHOTO: GEORGE HEARD/STUFF Queenstown, Queenstown Housing, Lake Hayes Estate A large Queenstown residential property auction is expected to give the first indication of how […]
Fletcher called on to return Ihumātao after collecting $68 million in wage subsidies
PHOTO: Ihumātao. Photo credit: Pania Newton/supplied Pania Newton, spokesperson for the disputed land block at Ihumātao, has again called on its current owner Fletcher […]
Big firms delay 1000-house project
PHOTO:CHRISTEL YARDLEY/STUFF Te Awa Lakes development director Lale Ieremia, left, and Perry Group chief executive Richard Coventry said Environment Court appeals could delay the […]
Australia’s property market is ‘slowly sinking’ | WATCH
PHOTO: Australia’s property market Lifting auction bans might not be enough to help the property market which has been spiralling during the COVID-19 pandemic […]
Covid will hit renters first | Here’s why Covid-19 will hit rents, not house prices
PHOTO:ROSA WOODS/STUFF Wellington remains severely short of listings and stable government employment will act as a substantial economic cushion. OPINION: Unemployment is going up as […]
Entire street attracts buyers
PHOTO: JLL Each of the 10 houses has three bedrooms, plus a garage and shed. It’s rare to see an entire street of houses […]
Leaky home in need of rescuing listed as a ‘gem’ with issues
PHOTO:BARFOOT & THOMPSON Built in the 1990s, this leaky house for sale in Auckland’s Waitakere Ranges has no Code Compliance Certificate, but still has […]
Entire street for sale
PHOTO: JLL Each of the 10 houses has three bedrooms, plus a garage and shed. What could you do with 10 houses on 7.3ha, […]
No negative OCR this year
PHOTO:THE-DOMINION-POST Reserve Bank deputy governor Geoff Bascand says he is not sure why doubts are still floating around the bank’s OCR commitment, given its […]
Rent freeze set to change NZ rental market
PHOTO: Trade Me Property The impact of COVID-19 and the Government’s move on March 26th to freeze residential rent increases for the next six […]
‘Buyer teleportation’: the future of real estate
PHOTO: The new technology offers a new level of engagement on top of virtual inspections. Picture: AAP Image / Julian Andrews Source: News Corp […]
What is a negative interest rate, anyway?
PHOTO: GETTY-IMAGES Sharon Zollner said a negative official cash rate would turn money into a “hot potato”. You might have heard discussion in recent […]
Will building costs rise?
PHOTO:123RF Construction could see prices go up for larger, complex projects but ease slightly for residential and commercial. Construction may be heading into a […]
First-home buyers distraught
PHOTO:THE-DOMINION-POST Properties for first-home buyers are in short supply in Wellington, and the couple who seem likely to have lost their apartment say they […]
Sydney’s new $1b residential tower
PHOTO: Renders of the Mirvac/Coombes Property tower at 505 George Street, Sydney designed by architects Ingenhoven and Architectus. Sydney is set to get its […]
Report reveals most vulnerable property markets post lockdown
PHOTO: Property Market The COVID-19 pandemic and various issues have impacted New Zealand’s property market – and the alert level 4 lockdown seems to […]
Uber co-founder Travis Kalanick behind $66.9 million deal for Los Angeles mansion
PHOTO: One of the two swimming pools. Picture: Mansion Global Source: Supplied The buyer of one of the biggest sales since the pandemic hit […]
First post-lockdown weekend of open homes
PHOTO: LJ HOOKER This Waiwera unit at a spa resort, marketed by LJ Hooker, Ponsonby, had two offers over the first weekend of open […]
Family home lost to neighbour
PHOTO: MARLBOROUGH REAL ESTATE A house on Port Underwood Rd in Waikawa has been listed for sale. A struggling businessman will lose his beach-front […]
New $40m housing deal between Government and Māori
PHOTO: Nanaia Mahuta revealed the aim of the funding. Photo credit: Getty A $40 million partnership between the Government and Māori is set to […]
New Zealand house sales nosedive 78% during April
PHOTO: New Zealand house sales The number of properties sold in April dropped by 78 per cent from the same time last year, due […]
CoreLogic NZ Monthly Property & Economic Update | May, 2020
PHOTO: CoreLogic NZ Get right up to speed with what has been happening in the NZ property market as our Head of Research, Nick […]
REB Top 100 Agents 2020 comprises less than 20% women | AUSTRALIA
PHOTO: REB TOP 100 – 2020 Just 17% of the REB Top 100 Agents in 2020 were women. Helen Yan from Ray White, who […]
Property price slashing has doubled and tripled in Australia’s biggest cities
PHOTO: The percentage of properties with their prices cut has risen in all capital cities since 2019. Photo: iStock Property price cutting has nearly doubled and […]
Aussie property listings are being discounted on a mass scale because of COVID-19
PHOTO: Melbourne saw the worst of the downturns. Property prices for houses up for auction across Australia were dramatically slashed during April as agents […]
Worried about your house price?
PHOTO:THE-NELSON-MAIL Janine Starks: The best thing a first-time buyer can do is learn to read the local market and not compare it to the […]
Heritage bank title for sale
PHOTO:STUFF The ‘iconic’ building at 1/79 Manners Street is up for sale. It was originally a Bank of New Zealand branch and later became […]
Michael Hill to close stores
PHOTO: STUFF-CO-NZ Michael Hill International has announced it will close some of its underperforming stores across New Zealand. Michael Hill International has announced it […]
REINZ April data: Level 4 lockdown significantly impacts residential sales volumes, but prices hold
PHOTO: Bindi Norwell, REINZ chief executive PRESS RELEASE The number of properties sold in April across New Zealand decreased by -78.5% from the same […]
Which Property Markets Will Be Hit Hardest By COVID-19?
PHOTO: NZ Property Press Release: InfraNews In the coming months, all parts of the country are likely to feel some degree of property pain says […]
homes.co.nz Monthly Property Update – May 2020
PHOTO: The homes.co.nz Monthly Property Update Is the impact of property prices falling less than you think? With economists predicting a house price drop […]
Which property markets are most vulnerable?
PHOTO: Queenstown In the coming months, all parts of the country are likely to feel some degree of property pain. But based on a […]
Legal blow for Ebert creditors
PHOTO: Ebert failed in 2018, owing creditors almost $120 million. Ebert creditors have been dealt another blow. The construction company failed in in 2018, […]
Athfield house restored to re-create the Santorini look
PHOTO: LOWE & CO There are several terraces to soak up the sun. Houses designed by the late Sir Ian Athfield and his company […]
Property market heads into the unknown
PHOTO: Quotable Value Press Release: QV Valuations The latest QV House Price Index data for April provides us with the rolling three month average strength […]
Is travelling hours to view a house essential?
PHOTO: THE-PRESS Under alert level 3, house hunters can travel within a region to view a property. (File photo) As bach owners are being […]
Bach owners flout level 3 rules
PHOTO: THE-DOMINION-POST Castlepoint Store owner Joe Vermeer. Beach communities are telling city dwellers to “stay at home” after an influx of people travelling hundreds of […]
Colour drained from real estate agent’s face as he realised he’d been defrauded of $120k in ‘sim hijacking’ scam
PHOTO: SUPPLIED A sim hijacking scam saw a fraudster make off with nearly $500,000. A New Zealand-born Chinese man swindled at least $500,000 from […]
First time buyer positive about the property market
PHOTO: MONIQUE FORD/STUFF Prospective first time home buyers Eleanor Wenman and partner Pascarn Dickinson (L) put their house hunting on ice during the lockdown, […]
What will the real estate industry look like in 2021?
PHOTO: Real Estate Agents OPINION PIECE As at March 2020, there were 15, 512 active real estate agents in New Zealand. Those numbers have […]
How Scrapping LVRs Will Change The Market
PHOTO: LVRs News that the Reserve Bank is proposing to remove its mortgage loan-to-value ratio (LVR) restrictions will mean young Kiwis can buy their […]
More Overseas People Selling Than Buying Homes
PHOTO: Property Market Press Release: Statistics New Zealand People who didn’t hold New Zealand citizenship or a resident visa sold or transferred more homes in […]
How to claim expenses against tax when working from home
PHOTO: SUPPLIED Taxpayers who use their homes as an “office” may be able to claim a tax deduction. If you have been working from […]
Coronavirus: Queenstown business owners struggle to pay rent
PHOTO: Business owners want the Government to step in and help. Photo credit: Getty A Queenstown tourism owner says many small business owners in […]
Easier home loans
PHOTO: 123RF Loan-to-value ratio (LVR) restrictions have been removed by the Reserve Bank, effective Friday. It will now be easier to get a bank […]
Six days of lockdown, 1100 fewer sales
PHOTO: Whilst Auckland had the largest percentage of sales, it also appeared to be one of the most affected regions, with sales down 80 […]
REINZ reveals true impact of 6 days of March Level 4 lockdown on real estate sales
PHOTO: Bindi Norwell – REINZ REINZ reveals true impact of 6 days of March Level 4 lockdown on real estate sales Around 1,100 fewer […]
COVID-19 lockdown brings the rental market to a halt
PHOTO: Trade Me Property The Government’s announcement of the COVID-19 Alert Level lockdown brought the New Zealand rental market to a standstill, according to […]
NZ Property Market Rebound Likely During COVID-19 Recovery
PHOTO: Tall Poppy Press Release: Tall Poppy Real Estate NZ property listings hit an all-time low last month as COVID-19 arrived on Kiwi shores, but […]
Owners ordered to move 17 years of rubbish
PHOTO: ROSA WOODS The property on Palm Grove as it appeared on Monday. For 17 years a ‘shambolic’ pile of waste material has sat […]
COVID-19 puts New Zealand’s property market on ice
PHOTO: Trade Me Property The Government’s announcement of the COVID-19 alert level 4 lockdown made waves across New Zealand’s property market last month, according […]
One in five tenancies could fall into arrears
PHOTO: Property management consultancy Real-iQ The Covid-19 crisis will result in greater falls in rents and higher default rates in regions, or suburbs, with […]
Five houses have been evacuated as large waves pummel the capital
PHOTO: KEVIN STENT/STUFFThe Bluebridge Ferry battles the large swell. Five properties have been evacuated and a person was swept out to sea as large […]
Auckland & NZ hit record median prices before COVID-19 hit, says REINZ
PHOTO: Bindi Norwell – REINZ Median house prices across New Zealand increased by 13.7% in March to a new record median price of $665,000, […]
Kāinga Ora apologises after notifying tenants of rent hike
PHOTO: A state house in Wellington. Photo credit: Getty State housing provider Kāinga Ora is phoning 6000 tenants to apologise after many received letters saying […]
Confidence plummets in property
PHOTO: KEVIN STENT/STUFF Wellington streets are deserted during the national lockdown. The Covid-19 pandemic has knocked the wind out of the commercial property sector’s sails well […]
Tenants facing double rent
PHOTO: GETTY IMAGES New rules for the housing market are designed to stop as many movements as possible for the next three months. A […]
NZ LOCKDOWN: DAY 7 | Instagram
PHOTO: Our favourite Instagram posts from DAY 7: NZ LOCKDOWN View this post on Instagram Lockdowns got me doing all sorts! I hope you’re […]
COVID-19 – Where Does The Housing Market Go From Here?
PHOTO: QV House Price Index FULL Press Release: Quotable Value New Zealand The latest QV House Price Index data for March provides us with a […]
Housing market experienced growth across 16 centres before COVID-19 lockdown
PHOTO: NZ housing market The housing market continued to perform well through the pre-lockdown period, with properties in all 16 major centres growing in value for […]
FEWER LISTINGS WITH LOCKDOWN BUT SERIOUS BUYERS STILL ACTIVE | FULL PRESS RELEASE
PHOTO: Vanessa Taylor | realestate.co.nz Record asking price highs since records began in 2007 still seen around the country How will the real estate […]
Coronavirus: Tenants told 14-day notices sent if rent not paid
PHOTO: MONIQUE FORD/STUFF In an email, Quinovic says it would not be able to help tenants who were locked out of properties and would […]
Strong result from commercial property auction
PHOTO: An industrial property in Arrenway Drive, Albany sold at a 3.93% yield at Bayleys’ first Total Property auction for 2020. PRESS RELEASE: BAYLEYS REAL ESTATE […]
The founder of Leaders Real Estate Robert Garlick has pleaded guilty
PHOTO: SUPPLIED Leaders’ founder Rob Garlick has admitted careless driving causing injury. The founder of Leaders Real Estate Robert Garlick has pleaded guilty to […]
New Zealand property prices grow by one third in five years
PHOTO: Trade Me Property New Zealand property prices have increased by a third since 2015 – with February proving to be another strong month […]
Potential 9.2 per cent property rates hike
PHOTO: ROSA WOODS/STUFFPart of the 9.2 per cent rates proposal would go towards Civic Square. Rates in Wellington city could be bumped up by […]
Hotel locks up room
PHOTO: STUFF The QT Wellington, formerly the Museum Hotel, where the coronavirus man stayed. The Australian man who brought coronavirus to Wellington stayed at […]
Students suffering as rents hit another record
PHOTO: Trade Me Property Tenants around the country saw a hike in rent prices in February according to the latest Trade Me Rental Price […]
Latest REINZ stats show NZ house price increase largest in 53 months
PHOTO: Bindi Norwell – REINZ Median house prices across New Zealand increased by 14.3% in February to a new record median price of $640,000, […]
Real Estatge Agent landlords makes ‘direct threat’ to sue tenants over trespass notice
PHOTO: Roseneath A landlord made a “direct threat” to her tenants, saying she would sue them after they gave her a trespass notice. In 2018, […]
Real estate agent sorry for homophobic slur
PHOTO: MAARTEN HOLL/STUFF InsideOUT managing director Tabby Besley was labelled a “f…..” supporter in an email. A real estate agent called a rainbow youth […]
Government buys motel for transitional accommodation
PHOTO: VIRGINIA FALLON/STUFF The motel is on the corner of State Highway 1, soon to be bypassed by Transmission Gully. In a first for […]
Estate agent’s homophobic email
PHOTO: Kim Gyton’s profile on Property Brokers’ website. A real estate agent called a rainbow youth worker a “f….. supporter” after she spoke out […]
NZ’s cheapest property sales: Apartments cost the least in cities, but $50k homes still exist
PHOTO: TRADE ME This is the cheapest residential listing on Trade Me. A one-bedroom apartment with remediation issues was Auckland’s cheapest residential property sale […]
I lost my first home thanks to a sunset clause, but that’s not the scandal here
PHOTO: MONIQUE FORD / STUFF Brooke van Velden had nearly secured her first home, and was told to buy curtains, when a sunset clause […]
NZ’s hot housing market
PHOTO: ROBERT KITCHIN/STUFF Wellington’s values were up 5.4 per cent in the quarter just ahead of Dunedin’s at 4.9 per cent. There is strength […]
Co-housing couples sell turret house in booming market
PHOTO: These two Wellington couples will be moving on after the sale of the 1870s villa they have co-owned since 2013. From left, Dan […]
HEALTHY ASKING PRICES BUT NOT ENOUGH HOUSES
PHOTO: realestate.co.nz Vendors starting to get active around the country, but it might be time to give up the quarter-acre dream. 13 year highs […]
What’s Jonah’s house worth now?
PHOTO: KEVIN STENT/STUFF The late Jonah Lomu was photographed as he started his new role as Ambassador of the 2014 Wellington Sevens. This hilltop […]
Sir Peter Jackson threatens legal action if Shelly Bay land vote not put back to council
PHOTO: ROSS GIBLIN/STUFFAndy Foster and Sir Peter Jackson at Shelly Bay at the launch of Foster’s bid for the Wellington Mayoralty. Oh that’s awkward. […]
University halls crank prices up
PHOTO: MONIQUE FORD / STUFF Victoria University of Wellington is receiving the most backlash as some hall fees have increased by almost $4000. Hikes […]
Record property prices in the provinces
PHOTO: Trade Me Property The New Zealand property market started the year strong with seven provinces kicking off 2020 with record average asking prices, […]
‘It’s a great time to be selling your house’
PHOTO: CHARLOTTE CURD/STUFF Trade Me reported a 6 per cent increase in views on properties for sale in January, compared to a year earlier. […]
2020 Agent of the Year Awards – New Zealand Winners
PHOTO: RateMyAgent Agent of the Year Awards Here are the best agencies in New Zealand as judged by verified vendors In New Zealand for the second […]
Tall Poppy NZ Agency Of The Year At 2020 RateMyAgent Awards
PHOTO: RateMyAgent Tall Poppy Real Estate has won NZ Agency of the Year at the 2020 RateMyAgent Awards, held in Melbourne last night. The […]
From auction house to co-working offices
PHOTO: SUPPLIED The Dunbar Sloane building in Waring Taylor Street in the Wellington CBD will be converted into shared office space and earthquake strengthened […]
Property manager wanted kickback
PHOTO: ROBERT KITCHIN/STUFF Wellington insulation installer Todd Russell says he was shocked to be asked to add a premium to his quote. Wellington insulation […]
NZ’s housing crisis is a never-ending story
PHOTO: Buying a house is increasingly out of reach for New Zealanders. Photo/Getty House prices are on the move again. Upwards, of course. The […]
Teen climbing ladder in real estate career
PHOTO: Kishan Patel, 19, is one of the youngest real estate agents in the country. PHOTO/ELI HILL At an age when many teenagers are […]
Busiest January in 4 years sees strong start to new decade, says REINZ
PHOTO: REINZ The number of properties sold in January across New Zealand was up 3.2% on the same time last year (from 4,459 to […]
Rents in New Zealand reach $515 for the first time
PHOTO: Trade Me Property Tenants around the country started the New Year with record-breaking rents after the national median weekly rent rose 4 per […]
Quake loans ‘small step’ for unit holders
PHOTO: ROSA WOODS/STUFF Carol Brown, 75, is not relishing taking on what may be a $200,000 government loan for quake-strengthening, though she says she […]
Terry Serepisos’s mother declared bankrupt
PHOTO: ROSA WOODS/STUFFTerry Serepisos’s mother, Aliki Serepisos, has been declared bankrupt. liki Serepisos, mother of former television star Terry Serepisos, has been declared bankrupt. […]
Landmark Oriental Parade villa next to ‘Seven Sisters’ sells
PHOTO: BAYLEYSThe villa, which dates back to the early 1900s, sold in excess of the $3.3m RV. One of Wellington’s waterfront landmarks has been […]
Dream home dashed
PHOTO: SUPPLIED Would-be Wellington first home buyer Bailey Ross and the house she missed out on. A would-be first time buyer who was preparing […]
Century 21 names Q4 award winners
PHOTO: Derryn Mayne – Century 21 New Zealand owner Century 21 New Zealand has announced its real estate winners for the last quarter of […]
Melling residents to lose homes
PHOTO: ROBERT KITCHIN/STUFF Chanelle Cornish says a letter from Hutt South MP Chris Bishob about the Melling Interchange is insensitive to people like herself, […]
‘Wrench’ time for Burton Silver selling family home privately
PHOTO: ‘Bogor’ creator Burton Silver and his family are farewelling their multi-generational family home in Scorching Bay, Wellington after 125 years. When a house […]
Pooling funds for property investing
PHOTO: SUPPLIED An illustration of a prime office block being built in Hamilton CBD which is part of a $215 million portfolio of industrial, […]
New neighbourhood shopping centre in Auckland on the market
PHOTO: SUPPLIED Stonefields Market has been placed on the market by NZ Prop Co, a consortium of local and overseas investors which bought land, […]
Number of million dollar plus properties sold in 2019 increases according to new REINZ data
PHOTO: Bindi Norwell, Chief Executive at REINZ The number of properties sold around the country for one million dollars or more during 2019 increased […]
Property prices to heat up again
PHOTO: VIRGINIA WOOLF/STUFF QV’s House Price Index for January shows average residential property values up 4.4 per cent year-on-year, to $714,747. 2020 may not […]
$30 million facility to be global leader in high performance sports. Rugby, football and baseball first sports to sign up.
PHOTO: NZCIS A new $30 million indoor sporting facility being built as part of a $80 million redevelopment project at Heretaunga in Wellington, New […]
Quake risk forces market closure
PHOTO: ROBERT KITCHIN On a typical Saturday, the Underground Market can top 500 people at a time A popular market in Wellington will be […]
$30m sports hub a ‘game-changer
PHOTO: GETTY IMAGES The Wellington Rugby Football Union will be basing itself out of the hub from 2021. A $30 million multi-discipline training facility in Upper […]
Home staging sells houses
PHOTO: KEVIN STENT/HOMED Even the table top is staged for an open home. Home staging whizz Roz Scott gets immense satisfaction from her work, […]
Iwi partnership housing
PHOTO: PROFESSIONALS/SUPPLIEDTe Puna Wai papakāinga development in Wainuiomata, Lower Hutt is another building partnership underway with The Wellington Company (File photo). Wellington’s housing stock […]
Damages for misleading leaks info
PHOTO: SUPPLIED Sirocco Apartments has issues that might be uneconomic to repair, a court was told. An apartment building’s body corporate manager has been ordered […]
2019 year saw continued growth in the regions with 14 new record median prices, says REINZ
PHOTO: Bindi Norwell, Chief Executive – REINZ Analysis of all residential real estate sales throughout 2019 has shown that almost every region across New […]
Co-housing couples selling shared turret house after seven years
PHOTO: LOWE & CO This is the first time Holly Lodge in Drummond Street has been formally listed for sale since the house was […]
So this is why the kids won’t leave home
PHOTO: VICTORIA BIRKINSHAW Sarah Catherall in her warm ventilated home which her daughter is ready to move out of. It’s that back-to-school time again, […]
The long road to a new suburb
PHOTO: ROBERT KITCHIN/STUFF Neighbouring suburb Churton Park is full of large homes and cul de sacs. Nestled in the hills of North Wellington is […]
Mortgage ‘cheaper than rent’
PHOTO: MAARTEN HOLL Central Wellington has just posted a new record high median asking price for rentals. The grass isn’t greener on the other […]
NZ Property Market Sizzles in Kiwi Summer
PHOTO: Tall Poppy Christmas didn’t slow Kiwi’s enthusiasm for property, with REINZ reporting an additional 22 house sales each day during December, and Tall Poppy Real […]
Rents in the capital crack $600 for the first time
PHOTO: Trade Me Property Tenants in the capital are facing record breaking rents after the median weekly rent in Wellington City cracked the $600 […]