Latest Real Estate Headlines

Eight Artists Farewell Old Papatoetoe Mall

Mon, 25 Jul 2016 17:30:46 +1200 | The Pantograph Punch

For the past few months, a number of shops in the Old Papatoetoe mall have sat empty, anticipating the site’s redevelopment, due to begin soon. More >>

LVR announcement encourages new housing supply

Mon, 25 Jul 2016 17:12:51 +1200 | Colliers International

New loan restrictions for Auckland property investors ill boost demand for ‘off the plan’ purchases and encourage new supply in a heated market. More >>

Augusta shareholders back Finance Centre sale

Mon, 25 Jul 2016 17:08:57 +1200 | BusinessDesk

July 25 (BusinessDesk) - Augusta Capital's shareholders have overwhelmingly backed the sale of its Finance Centre properties in central Auckland for $96 million at a special meeting to consider the deal. More >>

Property investors should be encouraged – not discouraged

Mon, 25 Jul 2016 15:58:17 +1200 | Auckland Chamber of Commerce

Slapping lending restrictions on property investors does nothing to solve the housing stock shortage, and could make it worse, says Auckland Chamber head, Michael Barnett. It certainly won’t get more houses built.More >>

Auckland Council receives Unitary Plan recommendations

Fri, 22 Jul 2016 17:31:16 +1200 | Auckland Council

The USB stick containing the Independent Hearings Panel’s recommendations for the Auckland’s Unitary Plan. More >>

Funding available for improving public access to outdoors

Fri, 22 Jul 2016 13:40:25 +1200 | Walking Access Commission

Groups undertaking projects to enhance access to the outdoors should consider applying for funding through the New Zealand Walking Access Commission’s Enhanced Access Fund.More >>

All five leading retail banks require 40% property deposit

Thu, 21 Jul 2016 17:04:30 +1200 | BusinessDesk

July 21 (BusinessDesk) - All five of the country's leading retail banks have acted early to introduce restrictions on lending to property investors as part of the Reserve Bank's bid to slow the heated housing market.More >>

Banks bust a move, Government possum in the headlights

Thu, 21 Jul 2016 13:10:26 +1200 | New Zealand Labour Party

Three of the big four banks have acted responsibly by bringing the shutters down on property speculators earlier than required by the Reserve Bank, says Labour’s housing spokesperson Phil Twyford.More >>

Blundering On

Thu, 21 Jul 2016 13:06:42 +1200 | New Zealand First Party

Anyone who has not been in outer space over recent months has seen momentous and unpredictable events unfolding. Brexit and multiple uncertainties and risks in the global economy have created a sombre outlook. Globally, economic growth is faltering.More >>

Wellington property investors banking on a change

Thu, 21 Jul 2016 09:47:28 +1200 | Wellington Property Investors

Wellington property investors association are reviewing their long association with the ANZ bank. More >>

ANZ boss warns on property market

Wed, 20 Jul 2016 17:13:52 +1200 | BusinessDesk

July 20 (BusinessDesk) - ANZ Bank New Zealand chief executive David Hisco, who head's up New Zealand's biggest lender, has warned property prices in Auckland are overcooked and the ending of the property boom will be "messy". More >>

New home deposit rules could turn off 22% of investors

Wed, 20 Jul 2016 16:45:34 +1200 | Horizon Research Limited

The Reserve Bank’s move to increase the deposit needed for investors to buy a home above 30% will have a significant impact on the market. More >>

LVR restrictions for investors

Wed, 20 Jul 2016 13:46:04 +1200 | Harcourts

The Reserve Bank’s decision to raise LVR restrictions to 40% for investors will not stop Auckland and Christchurch’s spiralling house prices. More >>

Updates to Building Code proposed

Wed, 20 Jul 2016 13:42:30 +1200 | New Zealand Government

The Government is proposing changes to 32 Building Code compliance documents to ensure standards keep pace with industry developments, best practice and new research, Building and Housing Minister Dr Nick Smith says.More >>

New Lending Limits a Good Call

Wed, 20 Jul 2016 13:05:52 +1200 | Manufacturers and Exporters Association

Manufacturers and exporters welcome the Reserve bank of New Zealand’s (RBNZ) proposed expansion of existing Loan to Value Ratios (LVR) today – this should give them more freedom to address continued low inflation and an exchange rate that remains ...More >>

Latest Move by the Reserve Bank of Little Effect

Wed, 20 Jul 2016 13:04:51 +1200 | New Zealand First Party

The latest moves by the Reserve Bank requiring property investors to stump up with at least a 40 per cent deposit will have little effect in reining in the rampant house property market, says New Zealand First Leader and Northland MP Rt Hon Winston ...More >>

Judgment: Mobil Oil v Development Auckland

Wed, 20 Jul 2016 11:12:03 +1200 | NZ Supreme Court

Mobil Oil New Zealand Limited v Development Auckland Limited (Formerly Auckland Waterfront Development Agency Limited) More >>

NZD, swap rates fall as market sees room for two RBNZ cuts

Tue, 19 Jul 2016 17:26:37 +1200 | BusinessDesk

July 19 (BusinessDesk) - The New Zealand dollar dropped and swap rates fell to record lows after the Reserve Bank announced plans to extend restrictions on mortgage lending, stoking speculation it may have room to cut interest rates twice in the next eight ...More >>

Lyndhurst on way

Tue, 19 Jul 2016 17:13:14 +1200 | Hastings District Council

Tricky issues with the planned second stage of the Lyndhurst subdivision in Frimley have been solved, with Council coming up with a solution that halves the cost of managing storm water.More >>

Property Institute slams ‘political response’ by RBNZ

Tue, 19 Jul 2016 13:05:51 +1200 | New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, is asking the Government to consider removing the Reserve Bank’s ability to influence housing policy in light of what he describes as ‘a politically motivated response to house price ...More >>

 

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