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Otago News

Auckland sales slip almost 40% in April

April house sales in Auckland fell almost 40% on March, but prices remained relatively stable, according to the latest Barfoot & Thompson figures.
03-05-2012 more >>

NZPIF Survey shows long wait for Tribunal

The announcement that the Department of Building and Housing (DBH) was to be moved into the new “Super” Ministry came as a shock to the industry last month. DBH had already been restructured for “efficiencies” and the general perception from all industry participants was that the service level had fallen dramatically.
01-05-2012 more >>

"Chronic shortage" pushes Auckland house prices to new high

Asking prices for Auckland homes hit a new all time high in April of $568,820 - the third high in eight months.
01-05-2012 more >>


WELLINGTON BREIFINGS – Housing Spokespersons SUPER MINISTRY – Merger of DBH PRODUCTIVITY COMMISSION – Final report released WELFARE BILL - Direct rent payments ISSUES UNDER WATCH – Summary
30-04-2012 more >>

Housing consent numbers hit four-year high

The number of housing consents issued both nationwide and in Auckland hit a four-year high in March.
30-04-2012 more >>

Reserve Bank leaves OCR unchanged at 2.5%

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5%.
26-04-2012 more >>

Floating mortgage rates unlikely to rise this year and may even fall

The chances of floating mortgage rates rising this year remain remote and they might even fall if the New Zealand dollar remains so strong.
26-04-2012 more >>

House price data reveals ‘fragmented' Auckland market

Auckland house price rises continued to climb above the nationwide average in March, up 5% against a 1% nationwide rise, according to the latest Crockers Auckland sales price table.
23-04-2012 more >>

Going, going, gone goes up in popularity across Auckland

Auctions accounted for 50% or more of sales across 13 Auckland suburbs last month as going under the hammer becomes the preferred method of selling in many parts of the city.
20-04-2012 more >>

Auckland rent rises continue to outstrip rest of country

Auckland rent rises continued to far outstrip the rest of the country in March, according to the latest Crockers Auckland rental price table.
18-04-2012 more >>

REINZ March 2012 regional review

Auckland sales up almost 40%, Wellington sees second lowest sales increase, Northland retains longest days to sell in country and sales volumes more than double in Canterbury.
16-04-2012 more >>

House prices march to new heights

Nationwide and Auckland house prices both high new record median highs last month at $370,000 and $495,200 respectively, according to the latest Real Estate Institute of New Zealand (REINZ) data.
16-04-2012 more >>

Christchurch rental shortage "crisis for some" says Parker

Christchurch Mayor Bob Parker has rejected claims by Earthquake Recovery Minister Gerry Brownlee that the city's rental shortage is not at crisis level.
16-04-2012 more >>

NZPIF backs Productivity Commission tax findings

The Productivity Commission's Housing Affordability report findings around the tax treatment of property have been welcomed by the New Zealand Property Investors Federation (NZPIF).
12-04-2012 more >>

House price rises stall in March, says QV

Nationwide property values eased slightly in March but are still up 0.5% over the past three months and 3% up over the past year, according to the latest QV report.
12-04-2012 more >>

Productivity Commission rejects CGT, calls on DBH to review rental laws

The Productivity Commission has rejected calls for the introduction of a capital gains tax and called for a review of the legislation and regulations around rental accommodation.
11-04-2012 more >>

Auckland sales hit five year peak in March

Strong buyer interest saw Barfoot & Thompson experience its busiest March trading for five years.
05-04-2012 more >>

Professionalism and Profitability

Having recently re-let a rental property, some of the comments from prospective tenants made me think about the service level of some rental property providers. Our rental was a nice place in nice condition and somewhere I would happily live. But it was by no means a mansion. It had not been renovated or improved for some time and we had just provided some basic extra cleaning in addition to the previous tenant’s efforts.
01-04-2012 more >>


Updates on Housing, Capital Gains Tax, the Super Ministry and the Welfare Bill.
31-03-2012 more >>

Housing consents down in February

Housing consents fell 6.7% in February after an 8.1% rise the month before, but Statistics New Zealand said the overall consents trend remains upward.
30-03-2012 more >>

Rise, stall then fall predicted for house prices

House prices will rise 5% this year before higher interest rates put the brakes on, and the rapid price rises in Auckland and Christchurch will not be repeated elsewhere.
28-03-2012 more >>

Nationwide home affordability improves

Auckland has retained its position as the least affordable location to buy a house in New Zealand, according to the latest Massey University Home Affordability Report.
28-03-2012 more >>

Development obstacles helping push rents up

Difficulties securing finance, council red tape and the imminent depreciation changes are acting as disincentives to rental property development at the same time as shortages are driving up rents.
28-03-2012 more >>

Auckland suburbs buck nationwide static price trend

The latest Crockers Auckland sales price table revealed that despite the large year-on-year increase in both nationwide and Auckland sales, prices are up just 1%.
22-03-2012 more >>

Rental crisis hampering Christchurch rebuild

The Christchurch rebuild is being hampered by a severe lack of rental accommodation, according to a Real Estate Institute (REINZ) survey.
19-03-2012 more >>

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