Latest Property Related News

New-build delay pushes family to brink of financial ruin

Sat, 17 Apr 2021 20:45:23 +1200

Maggie Law's 2-year old son peeps a smile out from under her arm. His future seems secure as they sit comfortable in the lounge of their newly-built Bucklands Beach dream home in Auckland's east - but Law isn't smiling. She said...

Rubbish spilling out of West Auckland state home, blocking footpath

Sat, 17 Apr 2021 13:19:07 +1200

Rubbish spilling out of a state house in West Auckland is blocking a footpath and one nearby resident says it's become a health and safety hazard. "I saw one woman pushing a pram having to go onto the busy road to get around the...

Law Commission proposes changes to 'out of date' succession legislation

Thu, 15 Apr 2021 12:00:00 +1200

The Law Commission is proposing changes to laws about who inherits a person's property when they die.An issues paper and public consultation website was released today, while the commission said it had identified parts of succession...

REINZ figures: House prices defy new LVR rules to hit fresh records in March

Thu, 15 Apr 2021 09:00:44 +1200

Home buyers appear to shrugged off the arrival of new loan to value ratio (LVR) rules as house prices soared again in March.Median house prices for residential property across New Zealand reached a record $826,300 in March this...

Barfoot & Thompson expands into Tauranga, buys rental management firm

Wed, 14 Apr 2021 09:28:41 +1200

Real estate agency Barfoot & Thompson has expanded into Tauranga where it has bought a rental management business. Samantha Arnold, the agency's property management general manager, said the business had bought the rent roll of...

Community house tenants fighting eviction ordered to pay $18,000 in a week

Tue, 13 Apr 2021 09:32:20 +1200

Residents of an Auckland community house fighting eviction will have to cough up more than $18,000 by next Wednesday to remain at the property.Today Justice Brewer issued an order stating residents of Hum Hospitality can stay living...

New Zealand's new housing policy is really just a new tax package — and it's a mess

Mon, 12 Apr 2021 15:16:59 +1200

OPINION: Economists like to talk about "optimal policy instruments" — essentially, policies that achieve their objectives more effectively or efficiently than the alternatives, and have minimal unintended consequences. Judged...