Property News
Leaving last year's stumbling housing market behind
As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.
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Bill strikes a fair balance between landlords and tenants
The newly enacted Residential Tenancies Amendment Bill will encourage more rental homes, provide greater clarity for landlords, and improve tenant accessibility, REINZ says.
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Apartment owners thumped by consistently fast rising insurance
Treasury’s latest survey on insurance shows apartment and other multi-unit buildings (MUB) owners have borne the brunt of rising premiums.
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Competition between investors and first home buyers about to heat up
Existing properties are on the radar of property investors as the pace of decline in property values finds a floor and first home buyer numbers dip.
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From hunted to hunters
Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.
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First home buyers fade, investors rise
Investors are coming back into the property market at a rapid clip.
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Alternative to first home grant
Auckland-based entrepreneur Derek Handley has set up a privately funded financial services group offering an alternative first home loan scheme.
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Growing number of property investment dollars moving across the ditch
More needs to be done to offset the loss of millions of dollars in property and business investments to Australia caused by a growing exodus of wealthy Kiwis, says an industry expert.
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Market could be near a tipping point
For the first time in more than three years, more people are picking interest rates will fall, rather than rise, but they are unsure whether it is a good time to buy a house.
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Options for buyers locked out of scrapped first home loan grant
A privately funded financial services company has picked up the slack left after the government scrapped the first home loan grant and set up an alternative scheme.
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First home buyers making hay, investors MIA
A lift in interest amongst first home buyers (FHB) remains a feature of housing activity.
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Sticky market for investors – first home buyers in control
Large numbers of property investors have not come back into the market despite the reintroduction of 80% interest deductibility for landlords and the lowering in July of the Brightline test from 10 years to two years, QV says in its latest update.
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Low house prices and deposits help first home buyers
The increasing number of low deposit mortgages being lent to first home buyers has been borne out by the latest CoreLogic research.
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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.
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Support for regulation
REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.
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