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Boom in construction to fade over next few years

Building work across the country is expected to steadily drop from a high of $50.9 billion last year to $41.7 billion in five years’ time.

Tue, Aug 16th 2022 12:54PM

Tax exemption discriminates against ordinary landlords

4 min read

House prices have further to fall

2 min read

Property market slump deepens

3 min read

Staggering drop in housing market annual growth

The average house value across the country has dropped below $1 million to $989,790 for the first time since September last year, QV’s House Price Index shows.

4 min read

Staggering drop in housing market annual growth

Rental prices inch up; property sales slump to new low

Auckland’s average weekly rent rose by $6.12 (or 1%) to $622.44 per week for the quarter ending June.

3 min read

Rental prices inch up; property sales slump to new low

Residential sector not working as well as it could be

The Commerce Commission says it’s too hard, costly and slow to get new building products approved to be used in the New Zealand residential market.

3 min read

Residential sector not working as well as it could be

Biggest fall in house prices for 14 years

Property values are falling at the fastest pace since the GFC, says CoreLogic.

5 min read

Biggest fall in house prices for 14 years

Building consents sink

A truly spectacular crash to fresh lows is being predicted for the construction industry by ANZ as building consents sank 2.3% in June compared to just 0.5% in May.

4 min read

Bond service to get massive upgrade

Work is underway to replace the tenancy bond service in a huge task.

2 min read

Huge rent refund for Illegal ‘smoko shed’ conversion

A tenant who was rented an uninhabitable Swanson “smoko and social shed” as his home for a decade has been awarded $25,876 - 40% of the rent he paid over six years - after the Tenancy Tribunal found the property to be unlawful residential premises.

4 min read

Huge rent refund for Illegal ‘smoko shed’ conversion

$40 billion value wiped off housing market in six months

The total value of residential real estate across the country fell to $1.69 trillion, down from $1.73 trillion at the end of last year, with mortgages secured against 20% of that value, and the other 80% is household equity.

4 min read

$40 billion value wiped off housing market in six months

Tough headwinds and greater fall in house prices

The ANZ bank expects house prices to now fall 15% compared to its previous expectation of 12%.

3 min read

Tough headwinds and greater fall in house prices

Renters making demands of property managers

A tenants’ action group wants landlords and property managers to implement a 10 point plan it has come up with.

3 min read

Renters making demands of property managers

Staggering increase in Rotorua’s hotel room rates

Hotel room rates are rising rapidly as the hotel sector recovers from the Covid-led downturn.

2 min read

Staggering increase in Rotorua’s hotel room rates

Buying opportunities stacking up for Canterbury investors

Canterbury investors made up the second highest number of respondents in the recent Tony Alexander Investor Insight survey, reflecting how big property investment is in the region, although activity flies below the radar for much of the public.

3 min read

Buying opportunities stacking up for Canterbury investors

Building costs soar and no end in sight

As contracts on off-the-plan developments and new-builds fall over because of the tough new finance laws making it difficult for buyers to get finance, due to the risks associated with them, including the rising costs of construction, warnings have been issued by the industry.

5 min read