Otago Property Investors Association Inc
Phone: 03 477 6220
New Zealand’s property market gained further momentum last month on the bank of low interest rates, ANZ says. Its latest Property Focus report shows increasing numbers of factors pushing prices up, including migration and the availability of mortgage funding.
The number of building consents issued in April rose across most parts of the country last month, compared to the year before, Statistics New Zealand said.
New Zealand's economy is likely to grow by 2.5% over the next few years but high house prices are a risk, the New Zealand Institute of Economic Research says.
Property commentator Alistair Helm has called for an end to CVs on residential property.
It is banks’ perceptions of the stability of the New Zealand housing market that advantages residential property investors, not any preferential tax treatment, the Auckland Property Investors Association says.
Auckland has the lowest rate of outright home ownership in the country, Roy Morgan statistics reveal.
Property investors are in the Inland Revenue Department’s sights – it has been given an extra $6.65 million to make sure they are paying their bills.
Rental property is still New Zealanders’ top pick for investment returns, the latest ASB survey of investor confidence shows.
Warrants of fitness for rental properties will be trialled in New Zealand homes, the Government has announced.
New Zealand houses are overvalued by as much as 25%, the International Monetary Fund has said in its annual economic assessment of the country.
More houses were sold last month than in any April for six years, the Real Estate Institute says.
Buyers are despairing of ever being able to find a property, according to the latest BNZ/REINZ survey of real estate agents.
Developers will be able to push through subdivisions in less than a quarter of the time under a housing accord signed between the Housing Minister and Auckland’s mayor.
New Zealand’s house price increases are now being driven by all the main centres, not just Auckland and Canterbury, QV says.
QV’s latest data reveals some of the huge disparity in the property market in New Zealand at the moment.
Almost two-thirds of people expect house prices to continue to rise over the next year, according to the latest ASB Housing Confidence Survey.
Reserve Bank policies may have increased the gap between average rents and average house prices over recent years, an analyst says.
Property investors will soon have to put a dollar value on the cost of replacing their entire portfolios.
Auckland Council wants to be able to take a slice of any increase in value of properties that have their zoning changing from low density to high density housing, or rural properties that are rezoned urban.
Auckland’s average house price dipped slightly in April, Barfoot and Thompson reports.
Momentum in the housing market may not be sustainable, ANZ says in its latest Property Focus report.
Sellers’ house price expectations have shown no sign of slowing in the latest report from Realestate.co.nz
A few weeks ago I had a meeting in Central Auckland and parked in a commercially owned Pay-And-Display carpark. The meeting was expected to last half an hour so as you could only buy time in Half Hour lots of $5, I paid for one hour to account for time to get to the appointment.
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