Parliament plans to toughen up rules against suspect boarding house landlords while tenants become liable for intentional damage

Helen Varley Jamieson isn't surprised to read in the news recently that beachfront property prices in Auckland are now beyond the reach of the "ordinary" New Zealander. Apparently overseas buyers, including expatriate Kiwis, are using their pounds and dollars to snap up shed-like baches for close to $1 million...

Kiwis aren't just interested in the value of their own homes – we're a property-mad country. Billions of dollars are invested in rented apartments and flats – and a surprising number of people have detailed knowledge of property depreciation, negative and positive gearing and related tax issues, the residential tenancies law and so on...

Although the traditional response to rising interest rates is for mortgage borrowers to flock to fixed rate loans, that’s not the best move for all but a few, says William Cairns of mortgage banker Cairns Lockie.

New Zealand’s isn’t the only housing market that’s booming. According to The Economist magazine, it’s practically a worldwide phenomenon. And the performance of the New Zealand market looks tepid against the international picture.

New Zealand’s non-bank mortgage lenders may not have achieved the success their Australian counterparts have, but that hasn’t deterred one new entrant.

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