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Federation News

Opportunities for investors in Auckland expansion proposals (09 May 2011)
Auckland property investors would "always have a letting market" for the city council's proposed smaller inner city dwellings, according to Bayleys managing director Mike Bayley.
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House prices ‘will rise' says BNZ (06 May 2011)
The lack of new houses being built and construction industry capacity issues as the Christchurch rebuild begins will lead to an inevitable rise in house prices, according to BNZ economist Tony Alexander.
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Floating rates growing in popularity (06 May 2011)
With the Reserve Bank keeping interest rates low more home buyers will move to floating rate mortgages, according to Westpac New Zealand chief executive George Frazis.
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Unlucky 13 - Auckland weekly rent down on March (06 May 2011)
The average weekly rent in Auckland fell by $13 during April compared to March, while the average weekly rent stood at $421, according to Barfoot & Thompson.
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Housing consent numbers back to 1982 levels (05 May 2011)
Consents for new homes have fallen to the lowest level since records began - 1982.
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April sales price a record for month - Barfoot & Thompson (04 May 2011)
The average house sales price for Auckland stood at $544,975 in April, $3,500 above April last year and the highest April figure achieved by Barfoot & Thompson, the estate agent revealed today.
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Property market soothsayers and silver linings (02 May 2011)
Confusing comments from market 'soothsayers' may be spooking possible buyers, but a more relaxed attitude from banks to mortgage lending offers some silver lining, claimed First National Group.
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Asking prices hit four-year high (02 May 2011)
The property market is beginning to show signs of renewed activity with the average asking price for a home at its highest level in four years, according to the Realestate.co.nz NZ Property Report.
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Auckland leads the rent charge (02 May 2011)
Rents for two and three-bedroom properties in Auckland have seen sharp rises over March, and in one area the average four-bedroom rent rose 50%, according to Crockers Market Research.
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Switch decision could put floaters in a fix (29 Apr 2011)
Floating rate borrowers are enjoying the lowest average rates since July 1965, but those waiting for signs fixed rates will rise before switching may be taking a risk, according to BNZ.
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The economists view on the OCR (28 Apr 2011)
A round-up of leading economists take on the RBNZ decision to leave the OCR on hold.
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OCR likely to stay low for some time: RBNZ (28 Apr 2011)
The Reserve Bank has left its official cash rate unchanged at 2.50% today and has indicated that it is likely to stay at this level for "some time".
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Rental property tax treatment helped inflate property values - OECD (28 Apr 2011)
Favourable tax treatment for rental property investments helped prolong the housing boom and further inflate property values, benefitting high-income investors and squeezing out low earners from the market.
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House prices to rise 4% - Westpac (27 Apr 2011)
House prices are set to rise by 4% this year, boosted by the RBNZ decision in March to cut the OCR, according to Westpac.
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Survey points to property investment market pick-up (21 Apr 2011)
More investors are in the market looking for properties, though their numbers lag behind first time buyers who are finding a warmer welcome at the banks, according to the inaugural BNZ-REINZ real estate survey.
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New Unit Title Act guidelines (20 Apr 2011)
Guidelines around new laws governing the buying and selling of unit title developments have been issued by the Department of Building and Housing (DBH).
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Christchurch exodus soaks up rental capacity - First National (19 Apr 2011)
Residents quitting earthquake stricken Christchurch are soaking up excess rental capacity in both North and South Island towns, according to First National Group.
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March housing market strength no flash in the pan - BNZ (15 Apr 2011)
The recent recovery in the housing market highlighted by the REINZ March data is "not a flash in the pan that will fade," and may mark the start of housing market recovery, according to BNZ economist Tony Alexander.
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For landlords a feast in Auckland, famine elsewhere (14 Apr 2011)
Trade Me property figures have revealed that while Auckland landlords are spoilt for tenant choice, the picture is less rosy across the rest of the country.
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The REINZ reaction (13 Apr 2011)
The REINZ report signalled that house values picked up in March, but according to JPMorgan's Helen Kevans, "we suspect there is limited upside to house prices in the very near term."
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REINZ regional commentaries - March 2011 (13 Apr 2011)
The REINZ March 2011 regional commentaries
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Auckland house sales up 53.2% on month - REINZ (13 Apr 2011)
Auckland recorded more than 50% more house sales in March than February, and 11.4% more than in March 2010, according to the latest Real Estate Institute of New Zealand (REINZ) figures.
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The full Nelson - only one location keeps grip on property values - QV (12 Apr 2011)
Property values remain relatively stable at a national level, though variability continues to be seen between areas and only Nelson has values at same level as 2010, according to the latest QV report for March.
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Fix mortgage rates now - Tower (11 Apr 2011)
Inflation is the "Gorilla in the room" increasingly making its presence felt, and as interest rates rise, now is the time to fix your mortgage rate, according to Tower Investments CEO Sam Stubbs.
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$200,000 fine for ‘Why rent' promoter (07 Apr 2011)
The man behind a property scheme that promised home ownership to vulnerable Kiwi's has been sentenced at the Auckland District Court of breaching the Fair Trading Act, fined $237,048 plus $42,764 in repatriation.
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