Property market forecast: What the experts expect

By Lawrence Watt There is hesitation in the New Zealand housing market. Some of it is fuelled by legislative changes, such as the extension to the bright-line test and the foreign buyer ban. And some of it is fuelled by events in Australia, where house values have dropped 10 per cent and major financial institutions Read more about Property market forecast: What the experts expect[…]

First development areas in Whenuapai to be notified for rezoning

Intensification of a once-rural West Auckland suburb draws closer as notification of changes to land zoning is approved. Auckland Council’s planning committee approved public notification of the rezoning of 360 hectares of land in Whenuapai for industrial and residential development on September 5. The first precinct to be rezoned stretches along the northern side of the Read more about First development areas in Whenuapai to be notified for rezoning[…]

Average Auckland house price inches back to $1.1m

Average Auckland house price inches back to $1.1m; National average rises to $628k; Uncertainty remains over whether LVR restrictions and looming interest rate rises will keep slowing house price growth. Lending restrictions and looming interest rate rises are subduing rampant house price growth, but question marks remain over whether the slow-down is here to stay. Read more about Average Auckland house price inches back to $1.1m[…]

Property rise shock: Auckland apartment prices shoot up 49% in 12 months

Inner-city pads climb as much as 49 per cent in year as baby boomers move from suburbia. The average asking price for an Auckland apartment has risen fast as homeowners look for alternatives to pricey stand-alone homes. Trade Me yesterday released its average asking prices for property in Auckland and the price of apartments on Read more about Property rise shock: Auckland apartment prices shoot up 49% in 12 months[…]

An expert’s opinion on rental prices

Below is an article that was in today’s NZ Herald, reflecting a fair representation of the rental market. This also follows on from my earlier blog comments. Happy reading: “Renters can strike a bargain when moving into a vacant property but they won’t avoid rental price increases, a property expert says. Property developer and commentator Read more about An expert’s opinion on rental prices[…]