Vendors quit market
PHOTO: 123RF – Inventory levels are down but one economist says that’s unlikely to be because there’s been a rush on house sales. A drop […]
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Xero’s new Auckland office
PHOTO: SUPPLIED Xero’s new office will accommodate 600 people in Parnell. Xero’s Auckland staff will move to new offices in November. The Kiwi accounting software […]
Trade Me: Property market cools in the heat of summer
PHOTO: Trade Me Property. After a hot few months, the New Zealand property market cooled in January with the national average asking price […]
Chocolate factory transformed into stunning home
PHOTO: PAUL McCREDIE – The front of the former chocolate factory, now home to Derek Elvy. The exterior is painted in Dulux Kaikoura. For most […]
Chow bros hotel plans
PHOTO: MONIQUE FORD/STUFF – John Chow, left, and his brother Michael launched a hotel development division of Chow Group last year, and now have three […]
Luxury hotel revamp
PHOTO: SUPPLIED – Naumi Liora Hotel room in Singapore. A Singapore company, which owns and operates luxury hotels around the world, has bought two Wellington hotels for […]
Homeowners upset by wait
PHOTO: One of the sites on which building work has been slow. Building times are blowing out for a Wellington and Wairarapa construction company, […]
‘Golden mile’ building for sale
PHOTO: SUPPLIED – The $1.75 million property is between Westpac and the Churchill pub on Lambton Quay. A “rare opportunity” to buy a building on […]
‘Bogor’ is selling the bush
PHOTO: BURTON SILVER – The last Bogor character was penned by Burton Silver. There are many Kiwis who will recall tree-hugging Bogor the woodsman, and […]
Reserve Bank trims growth forecasts, leaves OCR at record low
PHOTO: STUFF – The Reserve Bank in central Wellington. The Reserve Bank has left the official cash rate unchanged at 1.75 per cent and cut […]
Theresa Gattung lists her Oriental Parade apartment, but she’s a ‘reluctant’ seller
PHOTO: PAUL McCREDIE – Theresa Gattung, photographed in her Wellington apartment for NZ House & Garden, says she wouldn’t be selling if she wasn’t having […]
Old brick building with historic ‘quirks’ on the market
PHOTO: SUPPLIED – Other ‘quirks’ of the building include an antique cast iron lamp post, with period style lantern, on the street front. A Wellington property […]
Post-Telecom life prompts Theresa Gattung to sell up in Capital
PHOTO: BEVAN READ/STUFF – Theresa Gattung pictured in her Auckland home. Former Telecom boss Theresa Gattung is selling up in the capital to focus on new and […]
It’s ‘survival of the richest’ in NZ’s rental market
PHOTO: STUFF – The rental situation in Wellington has been called a “crisis”. OPINION: Gotta love the free market. What a stupendous economic tool. Especially if […]
Gisborne real estate tops asking prices
PHOTO: Gisborne, New Zealand. RESIDENTIAL property market asking prices are soaring in regional New Zealand, with Gisborne leading the way with a 19.5 […]
Regional NZ holds on to market buzz
PHOTO: 123RF – In Auckland, available stock was up 20.4 per cent compared to a year earlier. Sellers in regional New Zealand have been capitalising […]
Former prime minister’s home could be in way of Ōtaki to north of Levin highway
PHOTO: KEVIN STENT – Former Prime Minister Sir Geoffrey Palmer, pictured in Wellington, could be affected by the planned Kāpiti expressway extension. His holiday home […]
The flat hundreds want
PHOTO: ROBERT KITCHIN/STUFF – This semi-detached flat in Newtown received thousands of views and over 100 inquiries on Trade Me. The modest two-bedroom flat tucked […]
Airport wants social housing land
PHOTO: KEVIN STENT/STUFF – The airport has also made offers to buy eight private properties, extending south from No 64 Calabar Rd, left. So far, […]
A cheaper way to rent
PHOTO: GRANT MATTHEW/STUFF – Kaleb and Hannah Heberley at their rented New Plymouth home with children Ben, 10 months, Maddie 4, and Izzy, 6. When […]
160-year-old Greytown colonial villa meticulously restored and updated
PHOTO: ILLYA MCLELLAN/STUFF – From left are Hal Jones, Roslyn Bullas and Michael McKay. Jones was employed by the couple on the renovation job. One […]
Rent control not the answer
PHOTO: The competition for flats in Wellington has reached new levels – GOSS GIBLIN/STUFF. When rents are going up, but queues for flats remain long, […]
Masterton’s rugby grandstand closed for earthquake strengthening
PHOTO: PIERS FULLER/STUFF – The Sir Brian Lochore Stand in Masterton’s Trust House Memorial Park in Masterton has been closed effective immediately after being deemed […]
Property market ends 2017 with record average asking prices
PHOTO: Trade Me Property. Thirteen of New Zealand’s fifteen regions hit record average asking prices in December with property listings in hot demand, according […]
Christchurch’s languishing property values make it a tough city to leave
PHOTO: 123RF – Christchurch is losing ground on the property values front, certainly compared with the other main centres. EDITORIAL: The top three territorial authorities on […]
Dozens of buildings still unsafe
PHOTO: PHIL REID/STUFF – Cuba St is on the list of streets where building owners need to secure unreinforced masonry facades and parapets. Almost a […]
State house sell off ends
PHOTO: ROSS GIBLIN/STUFF – Housing Minister Phil Twyford, state house tenant Vinise Nysee, Prime Minister Jacinda Ardern, and Rongotai MP Paul Eagle cut a cake […]
Property market gets post-election bounce
PHOTO: STUFF The average asking price for a Wellington house is now $563,850. The average asking price for online-listed homes in every region, bar one, has risen. Trade […]
Teachers’ college to rest home
PHOTO: ROSS GIBLIN/STUFF – The campus is about to become a retirement village. Wellington’s former teachers’ college will become a retirement village. Ryman Healthcare on […]
Christmas comes early for homeowners
PHOTO: Trademe Media Release Christmas has come early for many Kiwi homeowners after the national average asking price climbed 2.5 per cent on […]
Landmark Eastbourne home could be yours for $1.45 million
PHOTO: SUPPLIED – The view from 17 Kowhai St is stunning on a fine day. One of Eastbourne’s oldest and grandest houses is on the […]
Marlborough Sounds property for sale for Bitcoin, first of its kind in New Zealand
PHOTO: SUPPLIED – An aerial shot of Kaiuma Bay in Pelorus Sound, Marlborough Sounds. Two investors who helped kickstart a stalled Marlborough Sounds development are selling one of […]
$850m highway from the sky
PHOTO: LEO COONEY/MANAWATŪ AVIATION CLUB Transmission Gully road works, looking from Pauatahanui south towards Tawa, taken by Leo Cooney from Manawatu Aviation Club on Sunday […]
Athfield building for sale
PHOTO: SUPPLIED – The property on Willis St was last sold in 2008 for $13.5 million. A Wellington office tower, designed by the late Sir Ian Athfield […]
‘World class city’ price tag
PHOTO: SEAN SHADBOLT – The average Auckland ratepayer may have to shell out an extra $500 per year by 2021. Auckland Mayor Phil Goff’s $24 billion […]
Rare Moller property for sale
Supplied The three-level home was built in 1977. If you are looking for the perfect place for a party, you should check out 29 […]
Capital market cooling as winter, loan restrictions and election uncertainty bed in
Wellington’s housing bubble has deflated as lending restrictions and election jitters combine with the traditional winter sales slump to trigger a drop in buyer demand. The […]
Chow brothers’ mystery project
A finance company owned by rich-list property magnates, the Chow brothers, has appointed a leading financial risk adviser for a new project. Inno Capital director John Chow said […]
Residential Real Estate Market is Heading for a Correction?
We have been saying for some time that the residential real estate market is due for a correction… Well we are in it, […]
The Hutt hotel that never opens
A $12 million hotel touted as a key part of plans to rejuvenate the centre of Lower Hutt is showing few signs of being […]
New Zealand’s biggest non-export industry is property: report
Property is now New Zealand’s largest non-export industry, a $83 billion dollar business. A report commissioned by the Property Council found that property directly contributed $29.8b […]
Prime Monopoly real estate
It is the most expensive street on the board, but it’s worth every penny. A search has begun to find out which location should […]
Shelly Bay: who’ll pay?
Wellington ratepayers are being asked to fork out millions of dollars to turn dreams for Shelly Bay into reality. Property developer Ian Cassels and […]
How to buy a house – safely
If you’re thinking about buying a house, the amount of debt you will have to take on is probably enough to keep you up […]
Karori campus house on market as family decide whether they’ll buy it back
A Wellington family is testing the market to decide whether it will claim back a property on Victoria University’s Karori Campus. Re/Max Synrg listed the […]
$630m highway a ‘headache’
Drivers say new expressway has made the morning rush into Wellington twice as bad. The $630 million Kapiti expressway has actually doubled the amount […]
Rent hikes hit Auckland dad hard
Rising rents north of Auckland mean Paul Suhr is struggling to stay in the area he calls home. Suhr was given 40 days to move out of his […]
Worst summer in 30 years has ‘minor impact’ on Transmission Gully
Wellington’s lousy summer is not expected to delay construction of the much-anticipated $850 million Transmission Gully motorway. The 27 kilometre, four-lane motorway between the northern Wellington suburb […]
Terry Serepisos’ mum Alliki Serepisos being chased for debts
A finance firm is trying to claw back money it is owed by Terry Serepisos’ mum after she began defaulting on her loan repayments more than […]
Chow bros scrap hotel plans
Millionaire property tycoons the Chow brothers have scrapped plans to transform their head office into a hotel. Michael and John Chow made the decision following […]
Mall revamp gets green light
A $150 million redevelopment of the Johnsonville Shopping Centre has been given the green light by Wellington City Council, but a start date for […]
I bought my first home at 21
It’s tough but it’s not impossible. Our new On The Ladder series looks at young Kiwis who have managed to get into their first […]
Renters caught in perfect storm
Wellington is facing an unprecedented rental squeeze that looks like it’s not going away in a hurry. Experts say a perfect storm has been […]
Estate agent chases lawyer over $540k tiles given to her by Terry Serepisos
A former beauty queen is attempting to bankrupt a Wellington lawyer, claiming he will not hand over 2000 Italian tiles which belong to her. Paula […]
$65m apartment tower for Dixon St
Construction of a 19-storey, $65 million high rise apartment building will start on Dixon Street in May, replacing the earthquake prone Sharp building. Architect Mike Cole […]
Paper millionaires retire poor
Rising house prices have made thousands of people millionaires over recent years – at least on paper. Half of Auckland’s houses are now worth […]
Land dispute continues as $630m Kapiti expressway set to open
As the first section of the Kapiti expressway opens, a businessman is headed to court over land he says the government bought for a steal for the $630 […]
Saving a million-dollar forest
A million-dollar forest on the hills above Tawa is for sale, and locals are hoping Wellington ratepayers can save it from the clutch of […]
Leaders Real Estate Group Rebrand To Ray White
In what is considered to be one of the major changes in the real estate industry across New Zealand, the Ray White Group will […]
Thousands lost in building sale
Porirua City Council has labelled a property sale in its CBD a successful investment – despite losing thousands on the deal. In February, the […]
Defence House coming down, Winston Peters says in House
The quake-affected Defence House in Wellington is set to be demolished, Winston Peters has said. Speaking in Parliament during question time on Wednesday, the NZ First leader […]
House buyers starved for options outside Auckland
House buyers around the country are short of choice as only Auckland reports an increase in the number of listings, Real Estate Institute (REINZ) […]
Police eye house in fraud case
Police are chasing assets linked to fraudster Joanne Harrison, who fleeced taxpayers of about $723,000 when she was a Ministry of Transport executive. And […]
Hilton to open in CBD
Major international hotel chain Hilton has finally settled on a location for its first hotel in Wellington. The chain, which has been eyeing the capital for […]
Rents are rising, but it’s no El Dorado for landlords
Rising rents may be causing pain for tenants in Wellington and Auckland but soaring house prices are also hitting investors who buy into the current market. […]
Town Hall upgrade revealed
New documents have revealed the state-of-the art earthquake strengthening and refit of Wellington’s 113-year-old Town Hall will likely cost almost $60 million, with construction unlikely […]
Rising interest and falling migration a correction ‘cocktail’: Infometrics
New Zealand’s housing market is ripe for a double-digit correction over the next four years, but relief is less likely in Auckland despite its […]
Development of Shelly Bay re-confirmed after further iwi consultation
A joint venture to develop Shelly Bay could begin by the middle of the year, with the iwi’s new board confirming plans after a fresh […]
Rental rises put squeeze on tenants
With the latest labour market and tenancy figures showing rents in the two cities are rising faster than wage growth, those missing out are […]
Regions boom, Auckland flat
Home buyers seem willing to take on lengthy commutes as regional prices continue to rise, while Auckland and Hamilton are flat. The latest figures […]
Bank building up for grabs
The Reserve Bank is offering five floors of its building for lease as part of the Government’s long-term Wellington Accommodation Project (WAP2). The 14-level building […]
Capital rents jump 10 per cent, and are set to go higher
Wellington rents leapt 10 per cent to hit record highs in 2016, and they’re expected to climb even higher before the summer is out. Figures […]
CoreLogic: uncertainty creeps into property forecasts
Uncertainty is growing, but people’s positivity could keep the housing market strong for at least one more year. In a review of the year just […]
Further discussion needed with community before decision on Island Bay cycleway
Further discussion needed with community before decision on Island Bay cycleway The future of Island Bay’s controversial cycleway is still hanging in the balance, […]
Lancaster Park – a rest home for aged rugby fans?
Earthquake-damaged Lancaster Park could become a rest home for aged sports fans, a report prepared for Christchurch City Council says. “The popularity for aged […]
REINZ PRESS RELEASE – NOVEMBER 2016
Press Release and Residential Data Table – November 2016 Regional Commentary – November 2016 MARKET FACTS GRAPHS National Northland Auckland Waikato/Bay of Plenty Taranaki […]
Queenstown vies with Auckland for million-dollar property title
Queenstown properties have cracked the million dollar mark for average values, putting them on par with Auckland. But the latest QV property values for […]
Don’t believe the house hype, and don’t buy in unless you can truly afford it
The housing bubble burst in the UK and Ireland in 2008. Stuff reporter John Edens, who lives in Wellington and hails from Northern Ireland, […]
Aerial images reveal progress on Transmission Gully motorway
Transmission Gully – the road Wellingtonians have been waiting almost a century for – is beginning to look like a bit like an actual road. About […]
From cinema to hotel?
The future of Wellington’s oldest cinema is up in the air with Courtenay Place’s Paramount Theatre building on the market and earmarked for development […]
Auckland investor buys Totara Lodge in Trentham for $3 million
An Auckland real estate manager is the new owner of a motor lodge in Upper Hutt. The investor was attracted to Totara Lodge in […]
Hanging up my Fortune-Teller’s hat
The latest monthly QV House Price Index shows definite signs of value increases slowing down. As a quick reminder of where we have come […]
Hotel planned on trust land
A new Wellington development tied to convicted fraudster Sir Ngatata Love is back on the cards, after plans came to a halt four years ago. The site, […]
Chased for their debts
A long-running tenancy dispute between a Lower Hutt man and his former landlord has prompted a warning to all renters that they are liable for their flatmates’ […]
Cuba Mall corner site up for grabs
A three-storey gem from Wellington’s Art Deco era is up for sale. Reid House on the corner of Cuba and Vivian Sts was designed in […]
Construction of the $630 million Kapiti expressway hits the home straight
Drivers north of Wellington are getting tantalising peeks at the new Kapiti expressway as traffic is redirected through the fringes of the $630 million project. […]
From $530,000 to $900,000 in six months: quick profit on Khandallah villa
They bought it for $530,000 in March, and by October had sold their modest villa for $900,000. When the young Wellington couple, who specialise in renovations, […]
End of the golden lifestyle
Golden Bay residents are getting locked out of the housing and rental market as outsiders snap up homes in the popular holiday destination. Ray White Golden […]
The sub-quarter-acre dream: pop the property bubble with a tiny house
Living life the tiny way could help pop the Kiwi property bubble. A miniature-but-liveable home – part of the global tiny-house movement – is for sale on Trade […]
Motion to cease Shelly Bay talks passed at Port Nicholson Block Settlement Trust AGM
The future of Shelly Bay is uncertain after opponents to a proposed development challenged its sale at the Port Nicholson Block Settlement Trust (PNBST) annual […]
The big wheels in our hotel industry
Some of the world’s biggest hotel names are falling over themselves to get into New Zealand. A few, such as Hyatt, have entered or […]
Grand Days Bay home on market for first time in nearly 20 years
It’s got a home cinema, five bedrooms and sweeping views of Wellington Harbour – and you’ll need nearly $2 million before you even think about […]
NZ’s price hike rush
New Zealand’s fastest house price growth is no longer found in Auckland. QV has released its latest House Price Index, which shows that, nationwide, residential […]
Answer to the housing crisis?
They could be the solution to the housing crisis – small, prefabricated apartment units that can be bolted together in blocks and shifted from […]
New data confirms housing market losing urgency
New Zealand’s property market seems to be in a holding pattern as investors and home-buyers wait to see what will happen next. Property data […]
Bidding war pushes modest Island Bay beach bungalow close to $1m – $315k over RV
From the street it doesn’t look like much, but the view from the back is arguably what has made a modest beachside bungalow in Wellington worth […]
Two weeks: $8m worth of sales
Two properties in the Wairarapa have sold for more than $8 million over the past two weeks. The Hub, a new retail complex in Greytown’s Main […]
Auckland prices blitz CVs
Almost 200 Auckland houses have sold for at least twice their current council valuations in the past year alone, new data shows. The valuation […]
Jo Coughlan promises to bring a two-storey Basin Reserve design to NZTA if elected
A design to lift the Basin Reserve above the traffic has gained the backing of Wellington Mayoral candidate Jo Coughlan. Coughlan has promised to […]
Trust won’t buy railway station
The Port Nicholson Block Settlement Trust (PNBST) has ended negotiations to buy Wellington railway station. Last October the trust’s commercial arm triggered a process […]
Urgent Waitangi Tribunal to stop the sale of Shelly Bay for development
Beneficiaries of the Port Nicholson Block Settlement Trust (PNBST) have mounted a last-minute bid to stop the sale of Shelly Bay. Documents for an […]
Terry Serepisos’ mother sells Miramar building, home to The Larder, for $1.1m
A Wellington restaurant building owned by Terry Serepisos’ mother has sold for $1.1 million. Alliki Serepisos, who successfully avoided a bid to bankrupt her earlier this year, sold the 538 […]
Falling inventory creates struggle for stock as sellers wait for Spring
Data released by REINZ for August 2016 shows that housing inventory available for sale is continuing to rapidly fall nationwide, with an 18% decline […]
Auction battle sees Epuni St home in Lower Hutt sell for $840,000 – almost double its CV
The trend of houses in the Wellington area selling far above their capital value has been highlighted by a property in Lower Hutt being sold for almost double […]
Love guilty of fraud
Sir Ngatata Love has been found guilty of obtaining property by deception following a fraud trial. Justice Graham Lang read the decision in the […]
Sir Bob Jones buys ASB Bank Tower for $32m, the latest in a string of owners
Property mogul Sir Bob Jones has snapped up a high-rise Wellington building that has been passed from a bankrupt property developer, to a lawyer […]
Victoria University to sell Karori campus, possibly bringing $20 million windfall
Victoria University has decided it doesn’t need its Karori campus in Wellington, which was transferred to it from the government for $10 in 2014. […]
Michael Garnham avoids bankruptcy
A former Abel Tasman beach owner has escaped bankruptcy by settling his debts with the Inland Revenue Department. Michael Garnham was due to appear […]
Sir Robert braves Scotland’s property market
Scotland’s pipes are calling one of the country’s most prominent commercial property investors, Sir Robert Jones. Holder of a $1.5 billion portfolio in Auckland, Wellington and Sydney, Sir […]
Your car’s lowering the tone
They like things all neat and shipshape in Flotilla Place, Whitby, especially when property values are at stake. A couple of shabby vehicles on […]
Chapel restored as plans for $30m Island Bay housing project at heritage site unveiled
Plans have been unveiled for a $30 million 94-townhouse development at Wellington’s controversial heritage complex at Erskine College in Island Bay. The red-stickered derelict former […]
Family moves out after 150 years
This Wellington property gives new meaning to the phrase “keeping it in the family”. The property, in Majoribanks Street, Mount Victoria, has been in […]
Parakiora: Boomrock owner’s luxury home hits the market
A secluded lifestyle property in a spectacular Wellington location has been put on the market for the first time. Agents expect Parakiora in the Ohariu Valley to go to […]
Professor Sir Ngatata Love, leading academic and treaty negotiator, on trial for defrauding his iwi
One of the most influential figures in Maoridom is on trial charged with defrauding the iwi he once led. Suppression orders covering Professor Sir […]
Harbour cycleway revealed
Wellington’s great harbour cycleway has moved a step closer to reality. Plans have been revealed for a new $7 million shared cycling and pedestrian […]
Cannons Creek named top property ‘hot spot’ for investors, first-home buyers
A Porirua suburb is being touted as New Zealand’s number one property hot spot – but not everyone is rolling out the red carpet for new buyers. Cannons […]
The rich prefer property
Property, particularly commercial property, is a road to riches for many of New Zealand’s wealthiest. According to this year’s National Business Review rich list, out […]
Real estate agent with terminal cancer claims he was cut loose because of illness
A real estate agent whose contract was terminated after telling his bosses he had cancer says he regrets telling them the truth. Former Bayleys agent […]
Property market: Time to cash-up?
Property investors and people close to retirement are being told the time has come to cash-up. Some economists are predicting house prices are about […]
Top property spots
With property prices up 13.5 per cent year-on-year to a national average of $591,000, what space is there left for more price growth? New data from […]
Retro Dunedin home is a blast from the past
If ever there was a house and a tenant made for each other, it’s the Dunedin home you see here, and vintage obsessive Tannia […]
Athfield house to stay ‘as is’
Wellington house designed by late architect Sir Ian Athfield has been sold by tender, after multiple offers were received late last week. Listing agent Paul […]
Real Estate Agent Cops Coaching Ban
A top-grade Wellington club rugby coach has been banned from the sidelines for six weeks after swearing at a touch judge. Mason Lawrence, coach of […]