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Archive: October 2013

Apartments popular with first-timers

City apartments are finding favour with investors again, and Auckland looks to be on the cusp of another building boom.
31-10-2013 more >>

Call to enforce insulation

Landlords need to look after their customers and keep their rental properties warm and dry, says the president of the Independent Property Managers Association.
25-10-2013 more >>

Young people more interested in investing: Alexander

Young people are turning into investors rather than first-home buyers because of the loan-to-value restrictions, BNZ chief economist Tony Alexander says.
25-10-2013 more >>

Investors seek capital gains

Capital gain is still overwhelming the main reason why people choose to buy an investment property, the latest Crockers Property Investment Index survey shows.
24-10-2013 more >>

Treasury recommends capital gains tax

A capital gains tax has been recommended by Treasury, as a long-term measure to keep a lid on house prices. The recommendations were part of a series of documents about loan-to-value restrictions, released today.
24-10-2013 more >>

Squeeze on commercial property

A shortage of commercial real estate is looming as New Zealand businesses bounce back from the recession, real estate agency Knight Frank says.
23-10-2013 more >>

Skip auctions if you want to sell to first-timers, agents told

Agents and vendors need to consider listing properties with listed prices, or by negotiation, if they want to continue to attract a range of buyers, brokers say.
22-10-2013 more >>

Lifestyle market shortage looming

A shortage is looming in lifestyle properties, particularly around the main centres, the Real Estate Institute says. There was a 23% increase in sales volume in the three months to September 2013 compared to the same time the year before.
21-10-2013 more >>

Westpac predicts price falls

Outright house price falls are likely by 2016, when mortgage rates will have reached more than 7%, Westpac’s economists say.
17-10-2013 more >>

Rush on valuers as owners seek equity

Homeowners hoping to bargain with their banks are calling on valuers for assistance.
16-10-2013 more >>

Auckland commercial investors most confident

Auckland commercial property investors are the most positive in the country about the year ahead, a new survey shows.
15-10-2013 more >>

What housing crisis?

There has been a high level of publicity regarding housing affordability in New Zealand, with a general consensus that we are in crisis and that something needs to be done. However a look at the facts does not bear this out.
15-10-2013 more >>

NZPIF rejects the Financial Services Council’s claim

NZPIF rejects the Financial Services Council’s claim
14-10-2013 more >>

REINZ reports spring surge

New record median prices were reported in Auckland and Canterbury/Westland last month, as the national median returned to its March high of $400,000, the latest Real Estate Institute figures show.
14-10-2013 more >>

Landlords benefit as first-home buyers retreat

Property investors are the early winners from the Reserve Bank’s loan-to-value speed limits.
14-10-2013 more >>

Whitburn: Labour's housing policies better

Labour is the clear winner with its housing policies at the moment, says Auckland Property Investors Association president David Whitburn.
11-10-2013 more >>

National affordability improves but regions vary

National housing affordability improved by 1.47% over the August quarter, the latest Massey University Home Affordability Report shows.
10-10-2013 more >>

RBNZ predicts turnover drop

The Reserve Bank expects sales volume to drop by about 5% due to the loan-to-value speed limit restrictions it introduced this month.
10-10-2013 more >>

QV predicts activity flurry

QV is expecting a short-term flurry of activity as people who have been preapproved for loans get their housing deals done.
09-10-2013 more >>

Special housing areas announced

The first of Auckland’s “special housing areas” have been announced and more will be revealed by Christmas. Consent applications in those areas will be able to be considered by the council under the fast-tracked mechanisms in the legislation, which require approvals within six months for greenfields developments, compared to the average three years.
09-10-2013 more >>

Supply the issue: Harcourts

Affordability won't improve until there are enough houses built to cater for New Zealand's growing population, real estate group Harcourts says.
08-10-2013 more >>

LVR move worries investors

Property investors are wary about the possible impact of new loan-to-value restrictions, the latest ANZ Property Investment Survey shows.
07-10-2013 more >>

Restrictions' impact not sustained: Report

A return to more normal interest rates might have more of an impact on house prices than the new LVR restrictions, says BNZ.
04-10-2013 more >>

Harcourts, Barfoot at odds

Two major Auckland real estate agencies can’t agree on whether the new LVR restrictions made a difference to the market last month.
04-10-2013 more >>

It could take months to see LVR impact: Agency

It could be up to six months before it’s clear whether the Reserve Bank’s new loan-to-value speed limits have made any difference to the Auckland property market, says real estate agency Barfoot and Thompson.
03-10-2013 more >>

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