Property

Consumer confidence eases

New Zealand consumer confidence eased in April, weighed by a slowdown in the property market and growing expectations that interest rates will rise. The ANZ-Roy Morgan consumer confidence index decreased to 121.7 from 125.2 in March, still above the...... Read More

Social housing a focus in build up to busy season

Associate Social Housing Minister Alfred Ngaro says months of hard work has put the government in a good position to house those most in need in Auckland during a busy period. “Over the last few months I’ve been getting out and about and...... Read More

Lower house prices to slow economic growth in 2017

Infometrics’ latest forecasts show house prices falling in the second half of 2017, as the flow-on effects of tighter mortgage lending conditions and higher interest rates dampen demand. “We expect house prices in December 2017 to be sitting...... Read More

Motel bills for homeless run into the millions

The government is spending millions putting up homeless families in motels, Labour says. Party leader Andrew Little has figures showing $7.7 million was spent in the last quarter of last year, which he has worked out pays for an average 400 families...... Read More

NZ hotels voted ’most-loved’ by tourists

Twenty-two New Zealand hotels have been revealed as the country’s ultimate hotel hotspots, according to the Hotels.com Loved by Guests Awards 2017, where the hotel guests are the real judges. Dunedin, Nelson, Queenstown and Rotorua topped the list...... Read More

Parliament passes RMA Bill

Parliament has passed the controversial bill that makes sweeping changes to the Resource Management Act. The government relied on the Maori Party for a bare majority on the legislation, and it passed its third reading on Thursday by 61 votes to 60. The...... Read More

Tauranga house prices plateau

LVR restrictions appear to have impacted the Tauranga housing market, according a report by QV. Prices continue to rise, but at a much slower rate, with home values in Tauranga city up by 18.3 per cent year on year and 0.6 per cent over the past three...... Read More

March exceeds February’s residential listings

For the only the second time- in its 10-year history of recording statistics, realestate.co.nz reports that nationally, the number of new residential listings in March exceeded the number of new listings for the month of February. Real time statistics...... Read More

New social housing model launched

Cabinet ministers were on hand to show government support for its new social housing model at a ceremonial function in Tauranga on Friday. From next month Accessible Properties will take over 1138 social houses and tenancies owned by Housing New Zealand. “This...... Read More

NZ cities among world’s most expensive

The high cost of living in Auckland and Wellington has seen both shoot up the list of the world's most expensive cities to live in. The Economist Intelligence Unit's Worldwide Cost of Living Survey covers 150 cities across the globe, with Wellington...... Read More