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

Updated
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

Updated
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

Updated
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

Financial freedom means being radically different

Elizabeth Kerr suggests that you behave differently to everyone by committing to financial independence with your everyday lifestyle choices

Welcome to the Brave New World of Tax

Terry Baucher says a 'rare generational shift' is taking place in international tax - and the implications will be felt for decades

Devonport auction results surprise

Houses sell for under $1m in Devonport, nudge $2m in Grey Lynn and fetch $500,000 in Huia at latest auctions

Rents on Trade Me Property hit record high

Asking rents on Trade Me Property are up 9% compared with a year ago; 'grim news for tenants'

Rising sea level warnings on LIMs?

Commissioner warns property owners that banks and insurers are focusing more on risks of rising sea levels; LIM warnings possible; Maps being drawn up

Hotel apartment and leasehold unit fail to make reserves

Buyers were cautious at the latest Ray White City Apartments auction

Apartments sell out in ex-Baycorp building

Apartments in Tawera Group's conversion of the former Baycorp office building sell out 6 months ahead of completion

Fletcher's 'massive' land bank

Construction giant Fletcher Building spends a further $57 million on land purchases for housing development; sees future profits from housing as much higher

Investors bid up the price of a Huntly unit

There was keen bidding for a 1940s-era home unit in Huntly but the owners of a leasehold unit in Auckland's CBD take a haircut 

Bernard's Top 10

House prices fall 5.1% in China; Corporate bond bubble; 'Shut your eyes and buy'; Deflation drumming the rate hike hawks into submission; Clarke and Dawe; Dilbert

How to think about how long to fix

Bernard Hickey looks at how to think about whether to fix or float, how long to fix, and what the Reserve Bank may do about house prices

Property mentoring: Are two heads better than one?

Elizabeth Kerr questions if property mentoring companies are a waste of money - or could they in fact boost your money machine?

ASB expects new RBNZ lending restrictions

ASB's Housing Confidence Survey heads skyward. Chief economist Nick Tuffley warns borrowers to expect new mortgage lending restrictions

Make housing development easier

Matthew Gilligan wants to end the strangulation of Auckland's housing supply and suggests Australian-style solutions

Trade Me Property's ave asking price slips for 2nd month

Updated
The average asking price of homes listed for sale on Trade Me Property slips back below $500,000