EQC earthquake liability increased by $4 billion (30 Aug 2011)
The Earthquake Commission (EQC) has increased its estimated Canterbury earthquakes liability by around $4 billion to $7.1 billion, Finance Minister Bill English has announced.
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Limited house price growth the new normal (24 Aug 2011)
Median rent growth has eased from its two-and-a-half year high last month and the housing market looks set to “continue muddling along” as opposing forces interact, according to ANZ.
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Capital gains tax would distort market further, says Reserve Bank (24 Aug 2011)
The Reserve Bank does not favour the kind of capital gains tax the Labour Party is proposing, saying it would only distort the property market further.
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King counters taxing solution to misdiagnosed problem (23 Aug 2011)
A “huge misconception” exists that investment property receives favourable tax treatment, and additional taxes could “spark an investor exodus,” according to NZ Property Investors Federation president (NZPIF) Andrew King.
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Price expectations up, confidence down (19 Aug 2011)
Despite an increasing number of people expecting house prices to rise, overall confidence in the housing market fell during the July quarter, according to the latest ASB Housing Confidence Survey.
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City Bay a riser while Devonport sinks (18 Aug 2011)
The average median rent for a two-bedroom property in City Bays rose 13% in the year to July 2011, while the same size property in Devonport saw an 8% fall.
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More Christchurch properties red zoned (18 Aug 2011)
The Government has today offered to buy an additional 940 earthquake affected properties in Kaiapoi and Pines Beach north of Christchurch.
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The holiday’s over for holiday home tax treatment (18 Aug 2011)
IRD moves to reform the tax treatment of holiday homes will remove a “perverse” tax incentive for people to buy second, holiday homes.
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Rental property seen as second-best investment type (16 Aug 2011)
The popularity of rental property as an investment took a dip in Auckland, bucking the nationwide trend, though it still remains Kiwi’s second favourite type of investment, according to the latest ASB Investor Confidence Survey.
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Rent and the regions (15 Aug 2011)
Infometrics New Zealand Housing Outlook report examines rental levels and trends across various regions of the country over the year to June 2011.
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Tax changes prompt some investment property sales, report claims (15 Aug 2011)
Government tax changes have hit landlords’ future cash flows and left investors requiring a higher yield from their properties, according to Infometrics New Zealand Housing Outlook report.
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$30,000 fine for property finder “sets a clear precedent” (12 Aug 2011)
Property finder Dorien Forster has been fined $30,000 for acting without a license in a case Real Estate Agents Authority (REAA) chief Keith Manch said “sets a clear precedent on the role of property finders.”
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REINZ July 2011 Report - the regions (11 Aug 2011)
The REINZ July 2011 regional commentaries.
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Property sales and prices down in July (11 Aug 2011)
There were 301 fewer property sales in July compared to June, and the national median house price fell by $15,000, according to the latest Real Estate Institute of New Zealand report.
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Auckland July rents down on June, still above year earlier (10 Aug 2011)
The average weekly rent for Auckland properties in July was $417, and for the second consecutive month moved downwards, according to Barfoot & Thompson.
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Playing ball with the IRD during RWC (09 Aug 2011)
People seeking to rent out their property to take advantage of the Rugby World Cup have been warned they will be under scrutiny from the Inland Revenue to ensure they meet tax obligations.
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Nationwide property values steady, slide continues in Wellington (08 Aug 2011)
Parts of Auckland have seen property values increase by 2.4% since July, while Wellington remains the only main centre to see continued declines, according to the latest QV report.
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QV July 2011 Report – the regions (08 Aug 2011)
Analysis, comment and prices from QV Valuations staff across the country.
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Frankly my dear, property investors don’t give a damn (05 Aug 2011)
The lack of new listings on the market suggests property investors “don’t really give a damn” about the April 1 tax changes that affected investment property, according to BNZ economist Tony Alexander.
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July’s new listings down 15% on year (05 Aug 2011)
The lack of available property on the market could prompt upward price pressure, see buyers exit the market or both, according to the Realestate.co.nz July report.
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Barfoot & Thompson Auckland listings at decade low (04 Aug 2011)
Barfoot & Thompson listed just 1050 new properties in July, 8.9% lower than in June and the lowest number for a decade.
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Devonport sees two-bedroom rents up 26% on year (01 Aug 2011)
The average median rent for a two-bedroom property in Devonport rose 26% in the year to June, while the same size property in Takapuna/Milford saw an 18% fall, according to the latest Crockers Auckland rental price table.
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Cyclical recovery underway in housing market (29 Jul 2011)
The residential housing market has started a cyclical recovery, with rising turnover and prices, decreasing days to sell, a spike in listings shortages and the entry of first home buyers into the market, according to BNZ.
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Leaky homes assistance available (29 Jul 2011)
From today the owners of leaky homes will be able to seek repair funding from the Government's leaky homes Financial Assistance Package.
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The economists view on the OCR decision (28 Jul 2011)
A round-up of leading economists' views on the RBNZ decision to leave the OCR unchanged.
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