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Archive: 2013

Migration momentum a property driver: ANZ

Migration is now a key source of demand for housing, the latest ANZ Property Focus report says. Of the ten gauges the report uses to indicate the future direction of property prices, that is the only one that is now pointing only up.
20-09-2013 more >>

Commentator concerned at loss of data

Property commentator Alistair Helm says Kiwis are missing out on valuable real estate data.
19-09-2013 more >>

Hamilton renters get warning

Investors could soon squeeze first-home buyers out of the Hamilton market and push rents higher, a local real estate agency says.
18-09-2013 more >>

House prices likely to start to cool in November: Westpac

A drop in turnover and a lengthening in the average time it takes a property to sell will be the first signs of a slowdown in the residential housing market, Westpac chief economist Dominick Stephens says.
17-09-2013 more >>

Regional first-home buyers acting fast: REINZ

Activity is picking up in regional New Zealand ahead of the loan-to-value speed limit introduction at the end of the month, the Real Estate Institute says.
16-09-2013 more >>

Sellers' market, prices rising: Survey

A record proportion of real estate agents say the market they’re operating in favours sellers, the latest BNZ-REINZ Residential Market Survey shows.
16-09-2013 more >>

Tax advantages over home owners

There have been many comments in the media recently about rental property owners having a tax advantage over home buyers and can therefore afford to pay more for a property. This is technically true, however the difference is so small that it doesn’t make any practical difference.
15-09-2013 more >>

Rent control policy questioned

Rent controls proposed by Labour party leadership hopeful Grant Robertson have been panned by Act leader John Banks. He plans to introduce a private member's bill to get "rent stabilisation" across the city.
13-09-2013 more >>

LVR move's effectiveness uncertain: Wheeler

Loan-to-value speed limits won’t be removed until the Reserve Bank is convinced it won't prompt a resurgence in house prices, governor Graeme Wheeler said this morning.
12-09-2013 more >>

Affordability action starts now: Brown

Auckland Council has agreed on a proposed Unitary Plan and mayor Len Brown says it clears the way for action on housing affordability.
10-09-2013 more >>

QV: LVR move won't slow market

House prices will increase for some time yet despite the introduction of loan-to-value speed limits at the end of the month, QV research director Jonno Ingerson says.
09-09-2013 more >>

Alexander: Not enough builders

A shortage of builders means that the rate of house construction is not going to lift much, no matter how much land is freed up, says BNZ chief economist Tony Alexander.
06-09-2013 more >>

No upwards price pressure, agency reports

Auckland’s average price is slowly dropping, the city’s biggest real estate agency reports. Barfoot and Thompson’s average sales price in August was $647,647, more than $6700 lower than in July and more than $2200 lower than in June.
04-09-2013 more >>

Buyers getting around restrictions: Broker

Parents are offering their equity as security or increasing their own debt to provide deposits for their first-home buyer children, an Auckland broker says.
04-09-2013 more >>

Landlords need more insurance information

Few Auckland landlords completely understand widespread changes to the way insurance policies work, new research shows.
03-09-2013 more >>

Inventory at record lows

Listings are up but not enough to keep pace with buyer demand, the latest property report from Realestate.co.nz shows.
02-09-2013 more >>

Property investment beats other asset classes

Office space is driving improving commercial property returns, the latest Property Council New Zealand/IPD New Zealand All Property Index returns show.
02-09-2013 more >>

Pet bonds by the book: Whitburn

Landlords who charge a “pet bond” must make sure it does not equate to more than four weeks’ rent, says Auckland Property Investors Association president David Whitburn.
01-09-2013 more >>

LVR limits have limited impact: Westpac

Macroprudential tools, such as loan-to-value restrictions, have modest effects that tend to be short-lived, Westpac economist Michael Gordon says.
29-08-2013 more >>

Price growth not exceptional: Barfoot

Barfoot and Thompson says Auckland property price rises over the past ten years are similar to the returns delivered by other forms of investment over the period.
28-08-2013 more >>

ANZ: How low will sales go?

Whether house sales stall in the face of easing mortgage approvals and higher interest rates will be seen over the next few months, ANZ’s economists say.
27-08-2013 more >>

Sunset clauses may burn investors

Investors may lose money unless a legal loophole is closed, a property expert says. The loophole allows property developers to exercise a "sunset clause" in property purchase agreements where the agreement is entered before the property’s construction has been completed.
26-08-2013 more >>

Alexander: Rules will push up regional house prices

Loan-to-value restrictions may boost other parts of the New Zealand property market as buyers turn their attention away from Auckland, says BNZ chief economist Tony Alexander.
22-08-2013 more >>

Property lending restrictions

The New Zealand Property Investors’ Federation believe there are good and bad points about the Reserve Banks restrictions on low equity loans.
21-08-2013 more >>

Cash sales declining: Property IQ

New Zealand's rate of cash sales does not indicate any increasing presence of foreign buyers in the market, Property IQ says. The firm of property analysts said it wanted to tackle the question of how many buyers were from overseas, in response to anecdotal information about people paying over the odds, particularly for Auckland property.
21-08-2013 more >>

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