ASB has trimmed its rate card but remains higher than its rivals in the one-year, 18 months and two-year fixed terms.

Tenancy Services has reminded landlords to use licensed builders, electrical workers, plumbers, gasfitters and drainlayers when have repairs or renovations carried out.

Questions from buyers, including investors, around flood risk have soared in recent weeks and some are walking away from purchases.

Property development company Du Val Capital Partners suspension of cash distributions to investors in the company’s mortgage fund has drawn a formal warning from the FMA for misleading conduct.

The latest QV House Price Index (HPI) shows home values are still on average 24.5% higher nationally than they were when the pandemic first began three years ago.

Although the property investment market is in the doldrums potential landlords are still eyeing up houses, apartments and units to buy.

A landlord falsely accused by her tenant of being a drug user has failed in a bid for $2,000 in damages.

The ASB’s latest Housing Confidence Survey shows Kiwis are expecting house prices to hit the lows of the Global Finance Crisis (GFC).

Auckland’s property sales last month slumped to their lowest for at least a quarter of a century. Barfoot & Thompson, the biggest residential agency in the city, sold just 410 properties, down 45% on the number sold in February last year.

Housing affordability in Wellington is now the best in the country’s main centres because house prices have fallen the most over the past year.

Houses wiped out by recent flooding and Cyclone Gabrielle could be into the thousands and while the timing and magnitude of the impacts of these events is uncertain the direction is not.

The number of listings last month on the country’s oldest real estate website fell to the lowest for 16 years.

Despite headwinds, retail is bouncing back after three years of buffeting by Covid, declining house prices and a now softer economy.

Asking prices for houses more than doubled in more than half of the country’s districts over the decade 2013-2022.

As interest rates rise and house prices start to come down, mum-and-dad property investors are contemplating whether to sell their investment properties in the expectation that times may get tougher, says Drew Miller, a Ray White Mairangi Bay agent.

Tenants are having to dig deeper into their wallets to pay their rent.