Rate cuts needed to lift mood
The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.
Support for regulation
REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.
A better investment market
“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.
[OPINION] Recessionary times
It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.
Interest rate expectations: It’s not over yet
Most Kiwis think interest rate increases have peaked.
Sales dive to new depths – lending at low DTIs
House sales have plunged to their second lowest level in about 40 years, only 2% up on January’s sales last year, which were the lowest since 1983.
Listings surge and prices up
Property prices have edged up slightly heading into the summer break.
More stories
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Rate cuts needed to lift mood
The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.
-
Support for regulation
REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.
-
A better investment market
“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.
-
[OPINION] Recessionary times
It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.
-
Interest rate expectations: It’s not over yet
Most Kiwis think interest rate increases have peaked.
-
Sales dive to new depths – lending at low DTIs
House sales have plunged to their second lowest level in about 40 years, only 2% up on January’s sales last year, which were the lowest since 1983.
-
Listings surge and prices up
Property prices have edged up slightly heading into the summer break.
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Housing market still at a low ebb despite lift in sales
While the Real Estate Institute of New Zealand’s (REINZ) November data show a solid increase in sales, up by 15.7%, from 5,550 to 6,422, month-on-month, and up by 12.2%, from 5,724 to 6,422, compared to November last year, the number was the lowest for a November month since 2011. Apart from November last year, last month’s sales were below 7,000 for a November month since 2013.
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Emotional harm award to tenant after power and water cut off
A North Shore landlord has to pay a tenant $4,000 for emotional harm, despite claiming the Tenancy Tribunal did not have jurisdiction to hear any claims because the tenant was a boarder.
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Apartment market takes a dive
Increasing constraints, including the cost and availability of credit, have meant a major slowdown in the apartment market. Consents dropped by 36% in the year to October – the lowest total since July 2017.
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Auckland housing market rebounding
Wealthy Auckland buyers who can afford $2 million plus houses have returned to the market in force.
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Tenant left with damages bill despite not being responsible
A woman who left a rented Manurewa, Auckland property she shared with her partner after discovering he was using methamphetamine is still liable for a half share of Tenancy Tribunal awarded exemplary damages and other debts owed to the landlord.
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Private landlords should be included in bill – Property Brokers
A big year is ahead for the property management industry.
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Too expensive and wrong – new property manager regulations needed
The Residential Property Managers Association (RPMA) wants a completely new property managers bill and is hoping to meet with Housing Minister Chris Bishop shortly to get work underway.
