Rents rise and rise
Rents charged by residential landlords in most parts of Auckland has risen by about 3% year-on-year to hit $616.32 a week, figures to the end of March show.
Beating the long-term average
More than $2.6 billion of commercial property was sold across the country in the second half of last year beating the long-term average.
The next property frontier
Private space tourism took a giant leap forward last year and this has pundits wondering about hotels and other buildings popping up any time soon.
Illegal car removals costs landlord thousands of dollars
A Hamilton tenant who claimed his landlord removed two ‘classic Japanese’ cars from his rented home without his knowledge or permission has been awarded $1500 compensation and $2000 in exemplary damages.
Prices for development land set to skyrocket
Land values are expected to rise even further when councils accelerate housing intensification under the Government’s National Policy Statement on Urban Design (NPS-UD).
CBD retail and recovery chances
CBD retail has been the most tested sector since the onset of the pandemic.
ASB expects an inflation adjusted 20% drop in house prices
The housing market downturn intensified last month. the REINZ’s House Price Index fell another 1% and annual price growth dropped to 6.3%, down from just over 30% eight months ago.
More stories
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Rents rise and rise
Rents charged by residential landlords in most parts of Auckland has risen by about 3% year-on-year to hit $616.32 a week, figures to the end of March show.
-
Beating the long-term average
More than $2.6 billion of commercial property was sold across the country in the second half of last year beating the long-term average.
-
The next property frontier
Private space tourism took a giant leap forward last year and this has pundits wondering about hotels and other buildings popping up any time soon.
-
Illegal car removals costs landlord thousands of dollars
A Hamilton tenant who claimed his landlord removed two ‘classic Japanese’ cars from his rented home without his knowledge or permission has been awarded $1500 compensation and $2000 in exemplary damages.
-
Prices for development land set to skyrocket
Land values are expected to rise even further when councils accelerate housing intensification under the Government’s National Policy Statement on Urban Design (NPS-UD).
-
CBD retail and recovery chances
CBD retail has been the most tested sector since the onset of the pandemic.
-
ASB expects an inflation adjusted 20% drop in house prices
The housing market downturn intensified last month. the REINZ’s House Price Index fell another 1% and annual price growth dropped to 6.3%, down from just over 30% eight months ago.
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Interest rates biting investors as market correction kicks in
Rising interest rates are really starting to hurt the housing market.
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[OPINION] Budget 2022 should back build-to-rent communities
New Zealand needs rental properties that give tenants a better experience, so let’s incentivise the creation of build-to-rent-communities, says Dan Lowe, Partner, and Property & Construction Leader. Read Dan’s full article here.
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Massive housing shortage turning but rental crisis looming
Westpac expects Auckland’s housing shortage to be wiped out by the end of next year. Across the rest of the country it will take four to five years.
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Westpac predicting 15% fall in house prices
Westpac Bank is now predicting a 15% house price fall over the next two years.
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Falling house prices slowly entrenching
In line with Barfoot & Thompson’s data showing Auckland’s steep decline in house sales and prices, CoreLogic’s House Price Index shows a 1.6% drop in Auckland’s house prices.
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Auckland sales and prices plummet
House sales in Auckland dropped nearly 50% last month.
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Two cities drop out of the $1 million market
The Bay of Plenty and Wellington have tipped out of the $1 million house price club.
