QV September 2011 - the regions (12 Oct 2011)
Auckland remains on the up, while Wellington values level off after a sustained period of price and sales falls.
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Sales volumes up, prices down in September (12 Oct 2011)
This September saw a 21.1% rise in sales on the year earlier, but just 43 extra sales than August 2011, “a modest result given the lift usually expected during spring.”
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Investor activity strong in Hutt Valley, muted nationwide (12 Oct 2011)
Investor demand is strong in the Hutt Valley and Wellington but nationwide investors are “sitting on their hands.”
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Triple jump for EQC levy (11 Oct 2011)
Earthquake Commission (EQC) levies will triple from next year as the Commission seeks to rebuild its Natural Disaster Fund (NDF).
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Auckland property prices hit six-month high (05 Oct 2011)
The price of the average home in Auckland has hit a six month high of $547,883, up 3.2% on August and just under 5% above last year.
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House prices just 5% below peak and set to rise (03 Oct 2011)
House prices are just 5% below the November 2007 peak and are set to rise 3% this and next year, according to JPMorgan economist Helen Kevans.
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Auckland’s real estate valued at $354 billion (03 Oct 2011)
The total value of Auckland’s real estate is $354 billion, according to the first Auckland Council revaluation of 516,000 properties – the largest revaluation project ever undertaken in New Zealand.
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September sees surge in listings and asking price (03 Oct 2011)
New listings surged in September and the mean asking price rose $10,000 to 3.4% above last year and just 1% below the peak asking price in April this year.
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Home approval numbers show ‘strong increases’ (30 Sep 2011)
The number of new dwellings authorised – including and excluding apartments – show “strong increases” in both July and August, according to the latest Statistics New Zealand (SNZ) figures.
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Every silver lining has a cloud (30 Sep 2011)
The good news is landlords’ have little need to worry about new tax changes – the bad news is that for many, the impact of the last round has yet to be felt.
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iPhone rental app proves popular home and away (29 Sep 2011)
In the space of one month 27,000 people have downloaded Realestate.co.nz’s upgraded iPhone app which allows users to search for rental property.
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DIY attitude and cost concerns prompt landlords’ to reject property managers (27 Sep 2011)
A do-it-yourself attitude is the main reason landlords opt not to use a property manager, followed by concerns over expense.
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Quake repair work prompts surge in demand for short term tenancies (23 Sep 2011)
Christchurch landlords’ willing to modify their tenancy expectations could seize opportunities presented by the earthquake repair work. That's the view of Department of Building and Housing service delivery deputy chief executive Maria Robertson.
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Central Otago Lakes and Auckland most expensive for property (23 Sep 2011)
Central Otago Lakes and Auckland remain the most expensive places in New Zealand to buy property, though nationwide home affordability improved slightly over the last quarter.
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Calls for earthquake strengthening costs to be depreciable (16 Sep 2011)
A Dunedin property investor is lobbying the Government to change its tax laws for earthquake strengthening to make the work depreciable.
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Floating mortgage rates unlikely to rise this year as OCR remains on hold (15 Sep 2011)
Floating mortgage rates are unlikely to rise this year after Reserve Bank governor Alan Bollard took his cue from deteriorating sentiment about the global economy and kept interest rates on hold, as expected.
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QV August 2011 – the regions (13 Sep 2011)
A lack of quality listings is helping push values up in Auckland, while Wellington remains in a “holding pattern” according to the QV Index for August.
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Parts of Auckland see property values above 2007 peak (13 Sep 2011)
Property values in parts of Auckland are above the market peak of 2007, while Wellington values languish 7.7% below.
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Sir Bob Jones expands Auckland office portfolio (12 Sep 2011)
High profile commercial property investor Sir Robert Jones has expanded his Auckland office portfolio with the purchase of a six story office and retail block in Takapuna.
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Bollard likely to keep interest rates on hold this week (12 Sep 2011)
Continuing turmoil in global financial markets is likely to stay Reserve Bank governor Alan Bollard's hand on Thursday but the big question is how long will it keep him on hold.
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Investor activity muted nationwide, large variations across regions (08 Sep 2011)
Nationwide real estate agents have reported little evidence investors are looking to buy in the current market – though investors are buying in some locations.
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Residential building activity near to 20-year low (08 Sep 2011)
Residential building activity has fallen to its lowest level for 18 years, down 12% in the June quarter and 24% over the year.
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Some valuers are scaremongering about panel system: PropertyIQ (07 Sep 2011)
Property IQ says some valuers are scaremongering in suggesting the valuation clearing house system it is trialling with ANZ Bank will lead to a lowering of standards and inferior valuations.
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New listings rise may herald a strong Spring housing market (02 Sep 2011)
The housing market may be in for a strong Spring season if new listings are any guide.
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Bank looks to eliminate fraudulent valuations (01 Sep 2011)
ANZ Bank and PropertyIQ have been trialing a valuation clearing house system aimed at eliminating fraudulent valuations.
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