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NZ's first golf course retirement village under construction: $180m project by Metlifecare

Metlifecare has announced plans for New Zealand's first retirement village to be developed on an existing golf course. Earthworks have begun for Fairway Gardens in east Auckland's Botany Downs, a $180 million job on land the business...

Source: - Property | 17 Jan 2020 | 12:35 pm

Two ex-Waitākere City Council buildings sold for secret sum: Laidlaw College revealed as buyer

Two of three former Waitākere City Council headquarters buildings, developed during ex-mayor Sir Bob Harvey's time, are being sold with no price revealed today.Panuku Development Auckland, the council-controlled real estate-owning...

Source: - Property | 17 Jan 2020 | 11:51 am

Property: Five things you need to know about the housing market in 2020

What's in store for the housing market in 2020? Will house prices climb to new heights? Can enough houses be built to reduce Auckland's shortage? What's next for interest rates and how will New Zealand's general election affect...

Source: - Property | 17 Jan 2020 | 6:00 am

Property managers hit renters with 'new tenant fee'

By RNZ's Jonathan Mitchell Fees being charged by property management companies when rental tenants get a new flatmate are being questioned.From December 2018, letting fees have been illegal, but a post on Facebook has got people...

Source: - Property | 16 Jan 2020 | 7:48 pm

Reinz figures show Auckland house sales at four-year high

National house sale volumes in December hit a three-year high but in Auckland were the highest level in four years, according to Real Estate Institute data out this morning.Bindi Norwell, chief executive, said New Zealand rounded...

Source: - Property | 16 Jan 2020 | 8:20 am

'Bitter battle' for control of Te Unga Waka Marae ends in tenant's eviction

A man who lived in a $1.9 million Auckland house for nearly seven months without paying rent has been evicted and ordered to pay more than $13,000 to the landlord, a neighbouring marae, after his rental agreement was judged invalid.Tenant...

Source: - Property | 15 Jan 2020 | 4:15 pm

MediaWorks' owners sell Auckland properties unconditionally for $26m

MediaWorks' owners have struck an unconditional agreement to sell the New Zealand headquarters of the radio and television network to New Zealanders for $26 million, delivering a huge cash injection to the struggling business.Michael...

Source: - Property | 15 Jan 2020 | 7:37 am

NZ house-building hits highest mark since 1974

New Zealand residential construction has reached a 45-year high, running at a pace not seen since 1974.Statistics NZ said a record number of consents were issued for 37,010 new houses in the year to November 2019, "the highest in...

Source: - Property | 14 Jan 2020 | 11:49 am

Three properties by age of 25: young investor says home ownership possible

A young Kiwi whose goals morphed from racking up centuries in cricket to scoring big in the property market says his story shows it's still possible to live the dream of home ownership.Riyaan Mohamed bought his first home aged 21,...

Source: - Property | 14 Jan 2020 | 10:08 am

Airbnb offers counselling after Dunedin home was used as a brothel for two weeks

Airbnb is offering money for counselling and a security system to a Dunedin man whose house was turned into a brothel for two weeks.The North East Valley property owner and sole occupant, who requested anonymity, said he was on...

Source: - Property | 14 Jan 2020 | 7:22 am

What first home buyers can learn from the pros

The way you go about choosing a property will identify you as either a rookie or a smart home buyer.Most new buyers know they should do some homework before committing to a property they are interested in buying, but how much homework...

Source: - Property | 14 Jan 2020 | 6:00 am

Who's top dog in real estate's million-dollar club?

Auckland's most expensive suburbs have reaped the biggest benefits from rising house prices in the last 20 years, new data from OneRoof shows.Median house prices in St Marys Bay, Remuera, Freemans Bay, Herne Bay, Omaha and Devonport...

Source: - Property | 12 Jan 2020 | 8:43 pm

How to pay off the 25-year mortgage faster

If you want to pay the mortgage off faster, get rid of the second car.Cars are seriously expensive, says John Bolton of Squirrel mortgage brokers.If you quit the car and take the bus you could save $5000 a year or more (think...

Source: - Property | 12 Jan 2020 | 5:30 pm

Rod Stewart, the soccer boss and Herne Bay's record house sales

In 2019, selling a $3 million house became surprisingly common in New Zealand. In the first half of last year, 174 houses sold for that price, 150 of them in Auckland.In the mid- to late-1980s, when the stock market bedlam happened...

Source: - Property | 12 Jan 2020 | 7:00 am

Auckland Grammar School flag at half-mast for city accountant, philanthropist John Wigglesworth

The flag at Auckland Grammar School flew at half-mast yesterday to mark the funeral of a former pupil, long-standing board member and philanthropist John Wigglesworth.Son Paul Wigglesworth said around 700 people attended the funeral...

Source: - Property | 10 Jan 2020 | 11:12 am

Tenants fined $2600 for breaking fixed-term lease: buying first home no excuse

Two Auckland tenants, who sought to break an annual fixed-term tenancy agreement within just two months of signing, were fined more than $2600 after buying a house and trying to escape their obligations.Last June, Gourav Ahuja and...

Source: - Property | 10 Jan 2020 | 6:00 am

2020 set to be good year for Auckland real estate - Century 21

"2020 will be the best year for Auckland real estate that we’ve seen in the past three or four years," predicts Derryn Mayne, owner of Century 21 New Zealand.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 8 Jan 2020 | 3:29 pm

CoreLogic QV December House Price Index: 'No Xmas break for the property market'

While most of us will have enjoyed at least a few days break towards the end of last year, the property market doesn’t appear to have taken a back seat, with values continuing to grow off the back of an already strong spring selling season.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 8 Jan 2020 | 5:00 am

Social Credit promises action on Christchurch rail

The government’s recently released draft NZ Rail Plan totally ignores the need for passenger rail in Christchurch.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 30 Dec 2019 | 11:50 pm

Sales slump in the dairy sector - REINZ

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 54 less farm sales (-16.1%) for the three months ended November 2019 than for the three months ended November 2018.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 20 Dec 2019 | 12:33 pm

Reserve Bank chair reappointed; new director - Robertson

Reserve Bank of New Zealand Chair Professor Neil Quigley has been reappointed for a two-year term from 1 February 2020.

Finance Minister Grant Robertson said it was important to retain Professor Quigley’s experience as the Reserve Bank board transitions to its new governance role.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 19 Dec 2019 | 3:31 pm

NZ economy: Mixed outlook - BusinessNZ

Growth - not spectacular, but comparatively solid - is predicted in the BusinessNZ Planning Forecast for the December 2019 quarter.

The forecast indicates annual GDP growth of 2.5 percent for the next two years.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 19 Dec 2019 | 8:54 am

Proposed changes to RBNZ governance will provide crucial improvements

Cabinet’s decisions announced today by Finance Minister Grant Robertson to reform the governance and accountability arrangements of the Reserve Bank are commendable.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 18 Dec 2019 | 4:14 pm

Reserve Bank welcomes Government decision on Bank’s future objectives

The Reserve Bank welcomes the Government’s decisions on its future role and responsibilities as part of Phase 2 of the review of the Reserve Bank of New Zealand Act.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 18 Dec 2019 | 11:17 am

Keeping banks safe and holding executives accountable - Grant Robertson

Keeping Kiwis’ money safe and ensuring they have confidence in the people running our banks are the focus of the latest decisions out of the Government’s review of banking laws.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 18 Dec 2019 | 10:17 am

Winston Peters welcomes Climate Change Commission - NZ First

New Zealand First is pleased to see a key commitment of the Coalition Agreement come to fruition today in the launch of a new Climate Change Commission.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 17 Dec 2019 | 1:43 pm

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