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Rental market squeezed by higher rents and fewer new tenancies

Rents on new tenancies rise 4.5% nationally and 13.7% in Auckland as the residential property market tightens

Home unit sells for $730,000

Home unit at Eastern Beach gets $730,000 but lakefront property at Gulf Harbour sells for just $345,000 at latest Bayleys auctions

Apartments sell for well below original purchase price

There were plenty of buyers for apartments that sold below their original purchase price at latest Ray White City Apartments auction

NZ GDP rises 1.0% in Sept qtr

Updated
GDP rose 1.0% in Sept qtr; slightly stronger than expected; farming and oil exploration grew strongly; GDP up 3.2% from year ago; Previous years revised down

Bernard's Top 10 at 10

How the boomers pulled up the ladder on the young; Of black swans, oil and the rubble of the rouble; America's dis-inflation shock; Clarke and Dawe; Dilbert

Leasehold apartment doubles in price

A leasehold unit at Viaduct and a unit in the Quadrant Hotel attract competitive bids at City Sales auction

Auckland home building rates slide vs rest of NZ

Auckland is falling behind the rest of NZ in home building and home ownership rates, but increasing its share of overcrowded housing stock

Barfoots sells all 3 at mortgagee auction

A Waiuku house sells for $235,000, a house linked to a drugs case sells for $1.715 million and a leasehold unit at Viaduct goes for $160,000 at mortgagee auction

Treasury forecasts deficit in 2014/15

Updated
Treasury forecasts NZ$572 mln OBEGAL deficit for 2014/15; surplus of NZ$575 mln in 2015/16; English says will get to 2014/15 surplus anyway; 'won't slash and burn' to hit target

Harcourts sales up in November

Harcourts' November sales surged in Auckland but have eased in Christchurch as more new homes come on to the market

Roost home loan affordability report for November

Housing became much less affordable in November as prices rose, according to Roost Home Loan Affordability report 

Housing rents stuck in the mud

Rental growth slows - Auckland rents up just 2.2% on year ago 

Royal Oak do up fetches $961,000

A Royal Oak do up sells for $961,000 and a two bedroom unit on the Shore fetches $778,000

A 50% success rate at apartment auction

Three sold, three passed in at latest Ray White City Apartments auction

RBNZ not planning more Macro-Pru

Updated
RBNZ scotches talk it may develop new Macro-Prudential measures to control Auckland house price inflation; says Auckland now just a big supply-side problem

Kiwis piled into tax avoidance structures that vanished

The IRD giveth and taketh: Terry Baucher reviews the risks of relying on tax benefits to invest in property

Slow day at apartment auctions

A couple get over the line but most were passed in at City Sales and Bayleys apartment auctions

RBNZ stays tight, NZ$ jumps 1c

Updated
RBNZ holds OCR as expected at 3.5%; reduces 90 day interest rate forecast track by 40 bps; warns again that NZ$ is unjustifiably high; NZ$ jumps 1 USc; Wheeler surprised

'Things will get raucous'

Westpac doubles forecast for 2015 house price inflation to 7%, says financial markets will probably start speculating on potential for OCR cuts

'Element of buoyancy' back in real estate market

Updated
House prices set new records in Auckland, Waikato/Bay of Plenty, Wellington and Canterbury in November; REINZ's Stratified Index hits record high

Govt researching foreign buyer register

Updated
Land Information NZ looking at the practicalities of a Foreign Buyers Register; English downplays talk that corrupt money from China being laundered in Auckland property; Key relaxed

Changing the valuation landscape

The way people receive valuations when applying for a mortgage is changing

Slumping oil price 'game changer for investors'

Oil price to remain weak for 3 years, helping restrain both interest rates and inflation, Macquarie's Brad Gordon says

China wants to extradite corrupt officials living in NZ

Key says President Xi Jingping asked for NZ help to extradite number of corrupt Chinese officials living in NZ with ill-gotten gains; NZ in early talks on extradition treaty

Economy just too strong to allow interest rate cuts

Roger J Kerr sees the RBNZ holding rates and other policy settings at current levels for for good reasons; sees hikes coming when the US Fed moves