Latest Property Related News

Auckland house sales by the city's largest agency more than halved in May compared to the same month last year.Barfoot & Thompson released house sales data for May, a month when New Zealand was mainly at alert level 3.Peter Thompson,...

By Ruth Hill of RNZ Nurses, teachers and other middle class professionals are increasingly unable to buy homes in the cities where they work, with every housing market in the country now rated "severely unaffordable".The 16th...

A run-down 120-year-old house has sold for $1.14 million in Auckland despite warnings that house prices are about to plunge because of the Covid-19 recession.The 124-square-metre bungalow at 10 Buchanan St, Kingsland, sold for just...

An Auckland luxury home has sold for $8 million, well above its council valuation and defying expectations of a housing market downturn in the face of the Covid-19 pandemic.It comes as a series of modest homes have been selling...

Mortgage lending was slashed to about half of normal levels last month due to Covid-19 restrictions but economists say the latest round of 'rate wars' should spark some renewed buyer and seller enthusiasm. For those keen on picking...

By Eva Corlett of RNZ Property developers and sellers are being urged to find a fair solution if a buyer suddenly finds themselves in financial hardship because of Covid-19.Legally, the developer or vendor can keep the buyer's...

Listed industrial specialist Goodman Property Trust pushed up revenue 10.7 per cent to make $171 million but less spectacular revaluation gains pushed net profit after tax down 18 per cent from $319.5m to $261m.The business has...

The commercial property sector is "vulnerable" to the Covid-19 crisis and banks have a $40 billion exposure, representing about 8 per cent of all lending. Reserve Bank Governor Adrian Orr today released the May Financial Stability...