Mortgage adviser and chartered accountant David Green says it’s time the industry turned into a profession.

Average asking prices for West Coast houses have dipped for the first time in the post-covid property market, Trade Me’s May Property Price Index shows.

Interest rate cuts will start in about nine months, says KiwiBank.

Some parts of the country are showing an increase in sales while buyers and sellers in other parts continue to wait, the latest REINZ data show.

House prices in dozens of suburbs across the country have risen in the past three months.

While house values continue to decline across the country, QV says one interesting trend is the relative strength of areas that have experienced strong first-home buyer activity over the past 12-18 months.

While house values continue to decline across the country, QV says one interesting trend is the relative strength of areas that have experienced strong first-home buyer activity over the past 12-18 months.

In Auckland, the country’s biggest housing market, the average house value has dropped by $282,647 since the beginning of last year.

A new entrant to the professional indemnity insurance market, Quadrant PI, is now offering retroactive cover as part of its standard package.

Two tenants who used their allocated parking space for storage have been told to remove their goods or they will be turfed out of their Manukau home.

Intensification has helped keep rents lower in Auckland.

Kiwi Mortgages principal adviser Rakesh Bansal says the recent Government move to increase the tax on trusts to 39% makes keeping investment property even more expensive.

A man who was named as a tenant on a Pukekohe rental but never lived at the property is still liable for part of $1,500 in exemplary damages awarded by the Tenancy Tribunal over other tenants’ drug use.

With net migration surging to new highs and the residential construction sector slowing on the back of rising interest rates, new demand for housing is now significantly outstripping new supply, the bank says in its latest Property Focus report.

While the RBNZ has put the OCR on pause, it still means a tough road ahead for 50% of mortgage borrowers, including investors, as their fixed term interest rates roll off on to higher repayments over the next six to 12 months.

A further rise in the OCR is being predicted for the end of the year by ANZ.