Campaigners buy part of world-famous New Chum Beach for $2.15m
Campaigners are celebrating their latest victory in a long-running battle to preserve a world-famous Coromandel summer destination, with a public-backed charity buying the northern headland of New Chum Beach for $2.15m. The sale... More...
Canterbury New Zealand's hottest housing market, up 32.7%
Canterbury has the hottest housing market in the country right now with the average property value rising 32.7 per cent in 12 months.Figures from the latest OneRoof-Valocity House Value Index show as of November 15, the average... More...
OneRoof report: Property investors blamed for NZ's soaring house price rises
Almost two-thirds of Kiwis say property investors are a key reason why New Zealand's house prices have skyrocketed so high, a new poll has found.About half also put the blame on foreign buyers, while around a third say the Labour... More...
Waiheke homes make six times more money in one year than typical household
Waiheke Island home owners are not only living in style, they are earning in style too.A typical Auckland household would need to toil for at least six years to earn as much money as homes in Waiheke Island and Herne Bay made in... More...
Ikea opening here: NZ debut at Kiwi Property Group site, Auckland's Sylvia Park
Swedish furniture and homeware giant Ikea is opening at Mt Wellington's Sylvia Park.Two years after announcing it would open here, it has just announced an agreement to buy land at New Zealand's biggest shopping centre, owned... More...
Barfoot & Thompson data: Auckland average house prices up 18.5% annually
Auckland house sales volumes have surged and prices are up 18.5 per cent annually according to the city's largest agency which says more high-priced sales upped latest figures.Barfoot & Thompson sold 1182 homes last month, well... More...
Property developer Winton confirms IPO, raising $350m via pre-Christmas NZX and ASX listings
Winton Land has today confirmed plans for an initial public offering to raise up to $350 million by listing on the NZX and ASX and it has a $200m cornerstone shareholder and $100m further commitments.Chief executive Chris Meehan... More...
Wellington house prices: New Zealand's first state home is now worth more than $1m
New Zealand's first state house, in the Wellington suburb of Miramar, is now worth more than $1 million. Wellington's rateable values (RVs) were released yesterday , updated for the first time since 2018. It showed a jump... More...
Wellington house prices: Singles driven out of the property market, as values jump 60 per cent
Accelerating house prices in the capital are making it nearly impossible for single people to get on the market, says a Wellington mortgage broker. The capital's new rateable values (RVs) were released yesterday , showing more... More...
Wellington house values jump 60 per cent, average land value more than doubles
The value of the average Wellington house has increased by more than 60 per cent in the past three years, and land value has more than doubled. There are now no Wellington suburbs with an average value below $1m, and a handful... More...