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Latest News

Sellers raise their sights

National average asking price of houses for sale in February rises above $500,000 for the first time, while Auckland property hits new high

$395,000 for a one bedroom unit

A one bedroom unit with a carport fetched $395,000 while a St Mary's Bay house went for $4.275 million - see the full results of Bayleys latest auctions

Residential building consents up 14.6%

New dwelling consents were up 14.6% in the January year but there are fears the growth in activity may have stalled

Govt to ramp up Tamaki re-development

English says Govt working on plans to fund acceleration of redevelopment of Tamaki to build 5,000 new houses over a decade

Migration gain hits new all time high

Net population gain from migration hits new record of 53,800 in year to January, more than double the previous 12 months figure; Westpac sees peak at 60k 

Wheeler attacks Auckland NIMBYs

RBNZ's Wheeler calls for higher buildings in central Auckland and criticises NIMBYs stopping new housing developments; defends high LVR policy

Bernard's Top 10

Is China landing hard? How the young languish while the old benefit; Winston wants expanded Waiheke Gold Card subsidy; Water wars; Dilbert

Is the RMA the source of planning delays and uncertainty?

Property investor Andrew Bruce sees council planners stuck in the middle trying to balance the legal requirements of the RMA with Council district plans, neighbour objections and developer goals

Housing affordability improved 4% in January

A fall in prices and interest rates saw home loan affordability improve an overall 4% in January - AMP360 Home Loan Affordability Report

New syndicate linked to ex-St Laurence boss

Investors are being sought for a new property syndicate with close links to St Laurence's Kevin Podmore & Sandra Lee; Ownership of the syndicate's promoter unclear

Property charts