A landlord who was alerted by police to substantial damage at their rental caused by the tenant’s marijuana growing operation has been awarded $14,066 by the Tenancy Tribunal.

Residential rentals have turned to a tenants’ market, even though rents took off again in July, rising by 2% nationally to sit at $580 a week.

The housing market downturn is in full swing, with most of the country’s suburbs recording a fall in property values in the past three months, with only small and rural areas proving the exception.

The run of play in the housing market continues to be largely in one direction, the latest data from REINZ reveal.

A new study reveals Airbnb listings help to increase rents for landlords in apartment-heavy areas, such as CBDs but the accommodation platform can reduce rents in low-density, house-dominated neighbourhoods.

The housing market is desperate for some oxygen, particularly with significant value drops and no sign of it picking up, says QV.

Kāinga Ora has to pay compensation for a third time to a tenant in a 104-unit apartment block for disturbance of her peace by unruly neighbours.

Property market commentators signaling the downturn “on the ground” may come to an end within the next six to nine months seems to be borne out by the latest Auckland data from real estate agency Barfoot & Thompson.

Inflation is eroding super payments and savings rapidly while costs are rising.

More than $2.62 billion of building work was consented in July, up 4.1% compared to the same month last year, despite the construction industry facing a slow-down.

Falling house prices are drifting closer to the depths of the Global Financial Crisis (GFC) in 2008.

The prevalence of property dealing in the life sciences and healthcare sectors has grown significantly over the past few years - and for good reason.

A Christchurch landlord, with 18 years’ experience, who called her tenant a “mongrel, loser, tattooed scum, stupid girl” and accused her of being a “prostitute” and “doing drugs” has been given an $8,810.44 short shrift by the Tenancy Tribunal.

The 8% fall in housing prices is probably the half way mark of the housing market’s predicted 15% fall by ANZ Bank.

Alongside a dramatic drop in investor mortgage lending, general housing confidence has fallen to a 13-year low.

The country’s house shortage is expected to be gone within the next 12 months, says Kiwibank’s economists.