Housing market: Most homeowners profit on sales, despite downturn
From RNZ Most homeowners are continuing to make healthy profits when they sell their houses, despite the market for resales showing further signs of weakness.CoreLogic's pain and gain survey indicates that 98.1 per cent of properties... More
An opportunity and a warning: Architects take stock of Wellington's risky buildings
Wellington's earthquake-prone buildings are more commonly thought of as being a headache, but architects say they can be an opportunity too.Architects have also warned commercial property owners not to opt for the bare minimum when... More
Aucklander Jonathan Brownlee owns 51 properties by the age of 26
Brace yourself millennials - Jonathan Brownlee is just 26 and already owns more than $20 million of property.After his parents helped him buy his first Hamilton home for $413,750 in 2015, the Aucklander has steadily borrowed more... More
Court case highlights land as an ancestral treasure for Māori
Some of the descendants of a Māori woman who died 50 years ago will now be able to apply for a share in her land, following a victory in the Māori Land Court.Deciding the case, Judge Caren Fox noted provisions in Te Ture... More
Auckland City Mission's new HomeGround wins top Property Council award
The new Auckland City Mission building, extensions to the Cordis Hotel and Christchurch's Te Pae convention centre have all won Property Council awards tonight.HomeGround on Hobson St won the top award for excellence, the judges... More
Government tax U-turn: Landlords allowed breaks back for long-term rentals
The Government has done a U-turn on rental housing policy settings, backing down on axing landlords' tax breaks. Housing Minister Megan Woods has today announced that owners of 20-plus rentals in one development, offering tenancies... More
Federal Apartments wins fast-track consent via special new law
Plans for a 183m 55-level Auckland apartment tower won fast-track consent from an independent consenting panel, it was revealed today.Matt Khoo, ICD Property managing director, said consent had been granted for the new Federal Apartments... More
House values drop below $1 million average: What's going on in your area?
New Zealand's average house values have dropped 4.9 per cent in the latest quarter and dipped below $1 million for the first time in nearly a year.The QV House Price Index for last month showed the extent of the housing market correction... More