The announcement that the Department of Building and Housing (DBH) was to be moved into the new “Super†Ministry came as a shock to the industry last month. DBH had already been restructured for “efficiencies†and the general perception from all industry participants was that the service level had fallen dramatically. 01-05-2012 more >>
WELLINGTON BREIFINGS – Housing Spokespersons
SUPER MINISTRY – Merger of DBH
PRODUCTIVITY COMMISSION – Final report released
WELFARE BILL - Direct rent payments
ISSUES UNDER WATCH – Summary 30-04-2012 more >>
The chances of floating mortgage rates rising this year remain remote and they might even fall if the New Zealand dollar remains so strong. 26-04-2012 more >>
Auckland house price rises continued to climb above the nationwide average in March, up 5% against a 1% nationwide rise, according to the latest Crockers Auckland sales price table. 23-04-2012 more >>
Auctions accounted for 50% or more of sales across 13 Auckland suburbs last month as going under the hammer becomes the preferred method of selling in many parts of the city. 20-04-2012 more >>
Auckland rent rises continued to far outstrip the rest of the country in March, according to the latest Crockers Auckland rental price table. 18-04-2012 more >>
Auckland sales up almost 40%, Wellington sees second lowest sales increase, Northland retains longest days to sell in country and sales volumes more than double in Canterbury. 16-04-2012 more >>
Nationwide and Auckland house prices both high new record median highs last month at $370,000 and $495,200 respectively, according to the latest Real Estate Institute of New Zealand (REINZ) data. 16-04-2012 more >>
Christchurch Mayor Bob Parker has rejected claims by Earthquake Recovery Minister Gerry Brownlee that the city's rental shortage is not at crisis level. 16-04-2012 more >>
The Productivity Commission's Housing Affordability report findings around the tax treatment of property have been welcomed by the New Zealand Property Investors Federation (NZPIF). 12-04-2012 more >>
Nationwide property values eased slightly in March but are still up 0.5% over the past three months and 3% up over the past year, according to the latest QV report. 12-04-2012 more >>
The Productivity Commission has rejected calls for the introduction of a capital gains tax and called for a review of the legislation and regulations around rental accommodation. 11-04-2012 more >>
Having recently re-let a rental property, some of the comments from prospective tenants made me think about the service level of some rental property providers. Our rental was a nice place in nice condition and somewhere I would happily live. But it was by no means a mansion. It had not been renovated or improved for some time and we had just provided some basic extra cleaning in addition to the previous tenant’s efforts. 01-04-2012 more >>
Housing consents fell 6.7% in February after an 8.1% rise the month before, but Statistics New Zealand said the overall consents trend remains upward. 30-03-2012 more >>
House prices will rise 5% this year before higher interest rates put the brakes on, and the rapid price rises in Auckland and Christchurch will not be repeated elsewhere. 28-03-2012 more >>
Auckland has retained its position as the least affordable location to buy a house in New Zealand, according to the latest Massey University Home Affordability Report. 28-03-2012 more >>
Difficulties securing finance, council red tape and the imminent depreciation changes are acting as disincentives to rental property development at the same time as shortages are driving up rents. 28-03-2012 more >>
The latest Crockers Auckland sales price table revealed that despite the large year-on-year increase in both nationwide and Auckland sales, prices are up just 1%. 22-03-2012 more >>
The Christchurch rebuild is being hampered by a severe lack of rental accommodation, according to a Real Estate Institute (REINZ) survey. 19-03-2012 more >>
Property Investors have questioned why the Department of Building and Housing (DBH) will be merged with the ministries of Economic Development, Labour and Science and Innovation. 17-03-2012 more >>
