Your Guide To NZ Property
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“At month end we had 3335 properties on our books, our lowest number of properties at the end of April for 5 years,” said Barfoot & Thompson managing director Peter Thompson.
Thompson said that these figures suggest the Government’s new regulations haven’t led to an exodus of investors as some previously feared.
Property analyst CoreLogic says the average home value in the city in April was $594,000 – 15.1 per cent higher than a year ago. It recorded a 6.9 per cent increase in values during the three months from the start of February to the end of April.
CoreLogic’s head of research, Nick Goodall, said 27 per cent of those buying Christchurch homes so far this year were investors with mortgages.
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A downtown Auckland apartment with waterfront views has sold under the hammer for $5000 – and no, you aren’t reading that wrong.
The two-bedroom apartment features a modern kitchen, two bathrooms, lounge room and unobscured balcony sea views towards Devonport.
Dunedin has experienced a meteoric rise in house prices over recent years but remains a more affordable option than many North Island centres.
In common with markets around the country, Dunedin has seen rapid strong price growth in the wake of last year’s lockdowns.
CoreLogic’s latest data shows its average property value was up by 15.4 per cent over the year to March, at $620,990. That’s an increase of $82,965 on the same time last year.
The Canterbury nurse has finally had a breakthrough in a dispute after her neighbour’s builder mistakenly built a house across her boundary.
The error, made despite Selwyn District Council consent and inspections, meant McDonald’s new house could not be built on her Lincoln section as it would be too close to the one next door.
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Maggie Law’s 2-year old son peeps a smile out from under her arm.
His future seems secure as they sit comfortable in the lounge of their newly-built Bucklands Beach dream home in Auckland’s east – but Law isn’t smiling.
She said a dispute with their builder had delayed their home’s final inspection approval by close to a year and pushed them to the brink of financial ruin.
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Today Justice Brewer issued an order stating residents of Hum Hospitality can stay living at the Grafton heritage building while they appeal a previous court judgment enforcing Hum to pay GST on top of monthly rent.
But they must front with overdue April rent, outstanding water rates and a rates bill by April 21.
Waipā recorded a 21.4 per cent increase in its median price range, moving from $660,000 in March 2020, to $801,000 in March 2021.
Hamilton also had a record month for median prices, moving from $620,000 to $780,000, a 25.8 per cent increase for the same period.
The overall median property price for the Waikato region was $730,000, a 22.7 per cent annual increase.
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Just look at the Russell Noticeboard and there are so many pleas for rentals. And people aren’t talking about the spillover effects of this kind of massive wastage – the fact that whānau (family) that want to come home to live and work can’t. Kororāreka is trapped in a weird place where people wash in and out during holiday times but the permanent population is too small to sustain mahi (employment) and businesses all year round so it is effectively locked in a zero growth cycle.
Millennium & Copthorne managing director BK Chiu said the tourism and accommodation landscape had “changed beyond measure” since it had entered into a conditional agreement to buy land in the Whangarei CBD from the Whangarei District Council.