A Hamilton tenant who claimed his landlord removed two ‘classic Japanese’ cars from his rented home without his knowledge or permission has been awarded $1500 compensation and $2000 in exemplary damages.

Rents charged by residential landlords in most parts of Auckland has risen by about 3% year-on-year to hit $616.32 a week, figures to the end of March show.

More than $2.6 billion of commercial property was sold across the country in the second half of last year beating the long-term average.

Private space tourism took a giant leap forward last year and this has pundits wondering about hotels and other buildings popping up any time soon.

CBD retail has been the most tested sector since the onset of the pandemic.

Rising interest rates are really starting to hurt the housing market.

Westpac expects Auckland’s housing shortage to be wiped out by the end of next year.
Across the rest of the country it will take four to five years.

Investors are still sitting on the sidelines of the residential housing market.

In line with Barfoot & Thompson’s data showing Auckland’s steep decline in house sales and prices, CoreLogic’s House Price Index shows a 1.6% drop in Auckland’s house prices.

House sales in Auckland dropped nearly 50% last month.

The Bay of Plenty and Wellington have tipped out of the $1 million house price club.

Changes to the rental housing industry, while intending to improve opportunities, have made renting much worse for tenants and the New Zealand Property Investors Federation has a five point plan to fix it.

The Government’s changes to property investors’ interest deductibility might already have breached Revenue Minister David Parker’s Tax Principles Act he wants made law.

The ANZ says it wouldn’t be surprised if house price growth turned negative for a time in all the country’s regions.

Although investors are not pulling away from the housing market in droves as feared they are not buying again either even though there is an easing of the credit crunch.

Rents around the country are rising at the same rate of record inflation and hit a median of $575 a week in March.