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PropertyLive

PropertyLive is a New Zealand real estate-specific on-line news service which provides up-to-the minute news features and analysis from the country’s leading media outlets – including the New Zealand Heraldthe Dominion Post, the National Business Review,TV1, TV3, the Bob Dey Property Reportinterest.co.nz, stuff.co.nz; scoop.co.nz; and  infonews.co.nz

Keep abreast of the latest news and information on issues directly relating to all aspects of the New Zealand property market – from interest rate movements and sales figures through to company reports and commentary.

Govt struggling to keep up with housing consents
3 News, July 1, 2015
The Government can't keep up with housing demand in Auckland. The latest building consent figures reveal a 5000-home shortfall in the past year.
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New Zealanders borrowing at their fastest rate since the Global Financial Crisis with net home loan growth up $1.5b in a month
Interest.co.nz, July 1, 2015
Housing debt grew at its fastest annual pace in 13 months during May and surged a net $1.5 billion month-on-month, the latest Reserve Bank sector credit data shows.
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Lower asking prices and number of listings on Realestate.co.nz show the winter slowdown has arrived
Interest.co.nz, July 1, 2015
Asking prices for residential properties are starting to flatten out as winter takes hold, with the average asking price of homes listed for sale on Realestate.co.nz dropping slightly in June.
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Building supplies, vineyards, forests and vineyards in latest OIO approvals
National Business Review, July 1, 2015
The latest raft of Overseas Investment Office approvals includes Carter Holt Harvey assets, mortgage securities, forests and vineyards.
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Quinn splurges on Queenstown apartment from proceeds of VIP Petfoods
National Business Review, July 1, 2015
Racing entrepreneur and pet food millionaire Tony Quinn has bought a central Queenstown three-unit luxury apartment for $7 million.
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DNZ sells Albany office block for $15.2m, above valuation
National Business Review, July 1, 2015
DNZ Property Fund [NZX: DNZ], which is more than halfway through an asset sale programme, has sold an office block in Auckland's Albany for $15.2 million, 3.1 percent above the property's last valuation.
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Two new Special Housing Areas for Tauranga
Stuff.co.nz June 30, 2015
Up to 210 new homes will be built in Tauranga after Cabinet approved two new Special Housing Areas in Papamoa and Ohauiti.
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Clyde Quay development tops property awards
National Business Review, June 30, 2015
Wellington’s Clyde Quay Wharf development was the winner of the Property Council New Zealand Rider Levett Bucknall Property Industry Awards held recently.
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Building consents static in May as Auckland intentions decline
National Business Review, June 30, 2015
New Zealand building consents were virtually static in May as dwindling demand in Auckland offset increased construction intentions in other parts of the country.
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Million dollar homes installed in a weekend
New Zealand Herald, June 29, 2015
A Chinese couple had four new modular-style million-dollar houses put up in Auckland during just one weekend this month.
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Prices ranged from $215,000 for a St Albans bungalow to $2.3m for a Narrow Neck house at Bayleys latest auctions
Interest.co.nz, June 29, 2015
A one bedroom unit in the art deco Courtville building in the leafy streets behind Auckland's High Court which sold for $470,000 and a character three bedroom bungalow at St Albans in Christchurch which went for $215,000, were among the highlights from Bayleys auction rooms last week.
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IRD lays out its proposals for taxing people who sell investment houses within two years of buying them
Interest.co.nz, June 29, 2015
The Inland Revenue has come up with its proposals for taxing people who sell houses (other than main homes) within two years of buying them - and the news is not great for people who are forced to sell, or for those acquiring property through a relationship split.
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Selling state houses to overseas buyers 'desperate' - Labour
Stuff.co.nz, June 29, 2015
Plans to sell state houses to overseas buyers is being criticised as "desperate" by the Labour Party, after an Australian organisation expressed interest in the Government's surplus stock.
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Rotorua hotel may meet family trust's quest
New Zealand Herald, June 29, 2015
The land and building encompassing the 36 suite Quest serviced apartment hotel at 1192 Hinemoa St in Rotorua's central business district has been placed on the market for sale.
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Use overseas dosh for Auckland
New Zealand Herald, June 29, 2015
This week's news from Auckland's housing market must have terrified first-home buyers and delighted property owners.
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First home dream jumps to $616k
New Zealand Herald, June 29, 2015
The affordability of a typical first home in Auckland has deteriorated dramatically, new figures show.
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Treasury criticises RBNZ's new high LVR limit on Auckland property investors; says it should have focused more on systemic risk than house prices; concerned about late notice
Interest.co.nz, June 29, 2015
Treasury has criticised the Reserve Bank's plans to target Auckland property investors with restrictions on high LVR lending, saying the bank should have focused more on systemic risk than house prices, and that the policy was rushed.
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Auckland's housing market faces a perfect storm of rising demand and supply shortages. A flood of investment from China into new homes could do the trick
Interest.co.nz, June 29, 2015
This week's news from Auckland's housing market must have terrified first home buyers and delighted property owners.
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Wellington takes off
National Business Review, June 29, 2015
After seven long years of little growth, the Wellington economy and commercial property market look to be on a sustainable recovery path, according to the head of one of the city’s leading real estate agencies.
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Ngati Whatua files court papers over Crown snub on Auckland land sales
National Business Review, June 29, 2015
Ngati Whatua, a member of the Tamaki Makaurau Collective, has filed a statement of claim in the High Court at Auckland over the government's decision not to offer land earmarked for housing development to the iwi first.
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Fletcher share price belies bullish presentations
National Business Review, June 29, 2015
NZX-listed Fletcher Building [NZX: FBU] has more than $2 billion worth of work in its pipeline and has plans to raise about $550 million from asset sales.
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Property investment bill passes first reading
3News, June 26, 2015
A bill that tightens the rules around property investment has passed its first reading in Parliament.
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Low-deposit loans bounce back as banks loosen purse strings
Stuff.co.nz, June 26, 2015
Things are looking up for home-hunters who can't afford a 20 per cent deposit, as banks increasingly relax their purse strings.
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Some Aucklanders face a $1000 annual rates rise after budget
Stuff.co.nz, June 26, 2015
The average Aucklander homeowner will pay almost $3000 a year in rates next year after the supercity council approved a hefty hike.
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Multi offer clarity urged
New Zealand Herald, June 26, 2015
Real estate agents told to better explain how multi-offers work.
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Housing has only become unaffordable for first home buyers in Auckland in the last 21 months - AMP360 First Home Buyer Affordability Report
Interest.co.nz, June 26, 2015
New Zealand has a property market of two halves - Auckland and everywhere else, according to the latest AMP360 First Home Buyer Affordability Report.
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The lower quartile house price surged to $616,500 in Auckland last month but declined in many regions
Interest.co.nz, June 26, 2015
Buying a first home became more affordable in most parts of the country last month thanks to a fall in lower quartile selling prices in most regions, but significantly less affordable in Auckland, where the lower quartile price surged to a record high, according to the interest.co.nz First Home Buyer's Affordability Report.
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Precinct sells another Wellington building for $76m; portfolio value increases
National Business Review, June 26, 2015
Precinct Properties New Zealand [NZX: PCT], which raised $174.1 million in March to help fund major developments, sold another property in Wellington's central business district, while saying its latest valuation has bumped up the worth of its broader portfolio.
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Alternative for Auckland's Three Kings Quarry development
Stuff.co.nz, June 25, 2015
In the eleventh hour Puketapapa Local Board has asked for a second opinion on Auckland's Three Kings Quarry development.
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Oldest wooden building in quake city saved
National Business Review, June 25, 2015
For $1 property investor and NBR Rich Lister Antony Gough has sold what is believed to be Christchurch’s oldest wooden building to Christchurch Heritage. Shands Emporium will be moved to a new site a few streets away next to the old Trinity Church, which will also be restored.
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Auditor-General backs Auckland mayor's plea to councillors: Pass the long-term plan or face financial chaos
National Business Review, June 25, 2015
Auditor-General Lyn Provost has been summoned by mayor Len Brown to add weight to his plea for councillors to pass the long-term plan.
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Bill English: Auckland may need to allow greater housing density
Stuff.co.nz, June 24, 2015
Finance Minister Bill English is calling on the Auckland Council to ensure the supply of houses meets expected demand, suggesting it may need to loosen the rules to allow for greater density in the city.
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Development levy in Christchurch's city centre axed
Stuff.co.nz, June 24, 2015
The Christchurch City Council will stop collecting development contributions in the central city in a bid to encourage developers to rebuild.
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Auckland rents nearly $500 a week but experts disagree as to why
Stuff.co.nz, June 24, 2015
The cost of renting in Auckland has increased to nearly $500 a week, but experts disagree as to whether rents are finally following the city's rampant housing market upwards.
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City price pressures impacting
New Zealand Herald, June 24, 2015
Auckland's strong growth is putting pressure on commercial and industrial property prices as well as residential values, says John Church, national director commercial for Bayleys Real Estate, in his introduction to Bayleys' latest Greater Auckland magazine.
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Is NZ ready for $10b of Chinese cash about to drop on property market?
New Zealand Herald, June 24, 2015
Is New Zealand prepared for the big wave of Chinese cash heading our way to invest in properties ranging from luxury homes lapped by the Waitemata Harbour to Auckland-wide retail, industrial and commercial buildings?
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Make it small - 200sq m lots for first-home buyers
New Zealand Herald, June 24, 2015
Sites as small as 200sq m are being offered to first-home buyers from $219,000 on Auckland's southerly outskirts.
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Chinese property investment tipped to surge, fears of hold-up in Greek deal, US closer to entering TPP; UST 10yr yields rise to 2.37%; NZ$1 = 68.4 US¢, TWI-5 = 72.2
Interest.co.nz, June 24, 2015
A real estate company says we can expect to see Chinese property investment in New Zealand ramp right up, as China eases its restrictions on privately held capital.
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A maximum penalty of a $25,000 fine will be levelled against home buyers breaching the new rules requiring disclosure of IRD numbers
Interest.co.nz, June 24, 2015
A maximum penalty of a $25,000 fine (or $50,000 if it's a repeat) can be levelled against people breaching the new rules requiring disclosure of IRD numbers when buying a house.
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Waikato council wants partner for prescribed ‘village’
National Business Review, June 24, 2015
Waikato District Council wants development partners for its Tamahere Village Business Zone.
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Law to gather foreign house buyers' data introduced into Parliament
Stuff.co.nz, June 23, 2015
New legislation which will gather "perfect information" on non-resident property buyers has been introduced to Parliament.
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Auckland landlords prepare to hike rents
New Zealand Herald, June 23, 2015
More than three-quarters of Auckland landlords intend to hike rents in response to hefty rates increases announced by Auckland Council.
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English says hopes final Unitary Plan will allow Auckland to meet its housing growth needs from both greenfields and densification on brownfields land
Interest.co.nz, June 23, 2015
Finance and Housing NZ Minister Bill English has pointed to the Auckland Council's Unitary Plan as crucial in any attempts to bridge a housing demand-supply imbalance that the Productivity Commission has estimated could reach 60,000 by 2020.
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Editor's Insight: Productivity Commission deals body blow to planning regime
National Business Review, June 23, 2015
The Productivity Commission’s latest report on land use has brought favourable comment from many quarters as a way to solve the housing shortage in Auckland and nine other fast-growing centres.
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No boom and bust – just an extreme cycle
National Business Review, June 23, 2015
Claims Auckland’s residential property market is in a boom and bust are plainly absurd, says Peter Summers, chief executive of listed Australian house building AVJennings.
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Tougher rules for property investors introduced in new bill
National Business Review, June 23, 2015
The government has introduced a bill aimed at tightening rules and scrutiny of property investors.
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Affordable' housing now $550k
3News, June 22, 2015
The Government's push for Special Housing Areas to ease Auckland's affordability crisis could see many of the target tenants left out in the cold.
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Spark vacancy expected to jolt corporate tenant interest
New Zealand Herald, June 22, 2015
One of the four buildings in the Spark City office complex in central Auckland will become available for occupation from the middle of next year at the expiry of a short term lease to Television New Zealand.
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Cycle trail may be homestead money spinner
New Zealand Herald, June 22, 2015
A regal South Island homestead in Waitaki, north Otago, with a link to a famous Scottish whisky distillery, has been placed on the market at a time when the recent opening of a nearby cycle trail presents tourism business possibilities.
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Modern city fringe building with conversion potential
New Zealand Herald, June 22, 2015
A fully leased, modern Auckland city fringe commercial building earning net annual rental income of about $630,000 from two tenancies and located on a large Mixed Use zoned corner site in Eden Terrace is up for sale for the first time since it was built 17 years ago.
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Five long term tenants in Pakuranga buildings
New Zealand Herald, June 22, 2015
A multi-tenanted light industrial and retail block of buildings on a high profile corner site in the East Auckland suburb of Pakuranga, is featured for sale for the first time in 42 years within Bayleys' latest Greater Auckland property portfolio.
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Luxury home put on the market
New Zealand Herald, June 22, 2015
Richlister John Copson is selling his multi-million dollar seafront slice of paradise.
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First step on the costly property ladder
New Zealand Herald, June 22, 2015
Endless open-home searches, failed auction bids and last-minute financial challenges face thousands of Kiwis trying to get on the property ladder.
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Properties in Hamilton pleasing on the pocket as well as the eye - spacious character apartment sells for $205,000
Interest.co.nz, June 22, 2015
Bayleys latest residential auction results highlight the differences between property prices in Auckland and the rest of the country.
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Bernard Hickey says a 'negotiated settlement' of the Productivity Commission's 'prescription for shared pain' on the Auckland housing issue would be preferable, or else...
Interest.co.nz, June 22, 2015
This week's report from the Productivity Commission on "Using land for housing" is the bureaucratic equivalent of one of those forensic science shows that rips apart the victim's body to conduct a post mortem and identify the murderer -- let's call it CSI Auckland Housing Crisis.
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New Zealand commercial property outperforms global markets
National Business Review, June 22, 2015
The performance of New Zealand commercial property in 2014 substantially outshone the global market, according to figures released by Morgan Stanley Capital International (MSCI), which measures the total returns of investment-grade real estate.
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Property Institute decries 'Soviet-style' Productivity Commission proposal
National Business Review, June 22, 2015
The Property Institute of New Zealand says a proposal to create a national Urban Development Authority to help deal with Auckland's housing shortage is a 'Soviet-style' solution. The proposal was advanced by the Productivity Commission in its draft report on Using Land for Housing, issued this week.
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Talk Money with Tony Field – June 18, 2015
3News, June 18, 2015
The economist who first said New Zealand was a "rock-star economy" thinks it still has star status.
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Pensioner homes set to pass
New Zealand Herald, June 18, 2015
Auckland Council's 1400 pensioner homes look set to pass to a new community-controlled entity to be redeveloped into more intensive housing, partly for sale to private buyers.
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Only intervention in planning system will fix housing woes - Productivity Commission
National Business Review, June 18, 2015
The Property Council says urgent intervention is needed in councils' planning systems, after the damning Productivity Commission report on land for housing.
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Finance Minister cautious on Productivity Commission's idea for Urban Development Authority with power to compulsorily buy land; open to congestion charging; against Govt paying rates
Interest.co.nz, June 17, 2015
Finance Minister Bill English has cautiously welcomed a Productivity Commission proposal for the creation of Urban Development Authorities (UDA) to accelerate the release of land for house building, but was sceptical about giving it the power to compulsorily acquire land in Auckland.
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The Productivity Commission has made sweeping recommendations to free up land for affordable housing in draft report
Interest.co.nz, June 17, 2015
The Productivity Commission has released its draft report Using land for Housing, which looks at the processes New Zealand''s fastest growing cities use to provide land for housing.
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Haven’t got $500,000? Don’t expect to buy a home in Auckland
National Business Review, June 17, 2015
Aucklanders trying to get into the housing market with less than $500,000 to spend are being closed out.
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Nick Smith to meet iwi over land rights
3News, June 17, 2015
Housing Minister Nick Smith is about to meet iwi representatives who believe they have rights over publicly-owned land the Government wants to free up for development.
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Grey Lynn site ideal for small investor
New Zealand Herald, June 17, 2015
A small industrial investment property for sale on a corner site in Grey Lynn is likely to have future residential development potential on the final expiry of its lease in 2018.
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Sales boom in lifestyle blocks pushes median price to new high - dairy farm sales more subdued
Interest.co.nz, June 17, 2015
The median price of lifestyle blocks hit an all time high in the three months to May as the number of sales hit their highest level since 2007.
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RBNZ to watch from sideline if banks loosen LVR restrictions for Auckland apartment buyers
Interest.co.nz, June 17, 2015
The Reserve Bank’s (RBNZ) indicating it won’t be putting the brakes on banks that decide to make it easier for people to borrow to buy apartments.
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Christchurch moves forward on civic buildings
National Business Review, June 17, 2015
Plans are afoot to restore some of Christchurch’s icons damaged by the earthquakes – but not the Anglican Cathedral in the centre of Cathedral Square.
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Rethink needed on Auckland’s housing shambles
National Business Review, June 17, 2015
The latest increases in Auckland house prices are not that extraordinary.
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Politics: Labour lands some hits on housing
National Business Review, June 17, 2015
“In my experience, when you start calling names, you’re losing the argument,” Prime Minister John Key told Parliament yesterday.
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Two Wellington landmarks set for demolition
Stuff.co.nz, June 16, 2015
Two major Wellington landmarks are set to be demolished, ready for their reinvention.
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Former New York mayor eyes Auckland redevelopment role
New Zealand Herald, June 16, 2015
One of the world's richest men is eyeing a role in the redevelopment of Auckland, says mayor Len Brown.
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Banks tight-lipped over talk of loosening lending requirements for apartment buyers as apartment living 'loses its stigma'
National Business Review, June 16, 2015
Banks are staying tight-lipped over talk they’re planning to make it easier for people to borrow to buy apartments.
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Hobsonville heritage up for sale
National Business Review, June 16, 2015
Ten heritage homes built for senior airforce staff at Hobsonville are being restored and will be coming up for auction.
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Government confident it can develop Crown land for housing, Key says
National Business Review, June 16, 2015
The government is confident it can develop Crown land for housing without first offering it to Maori under right of refusal clauses in Treaty of Waitangi settlements, Prime Minister John Key says.
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New Zealand ranked sixth on list of rising house prices
TVNZ, June 12, 2015
A global study has rated New Zealand sixth on a list of the world's fastest growing house prices.
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Former Shortland Street star buys historic Auckland building
New Zealand Herald, June 12, 2015
A former Shortland Street star and pop musician, who is now an Auckland property manager, has bought the "soul" of the K Rd community - St Kevin's Arcade.
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Wellsford cheapest Auckland deal but it's all on near Gore for $81k
New Zealand Herald, June 12, 2015
First-home hunters sick of missing out because of Auckland's raging prices should consider a move south.
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Winter's good for buyers
New Zealand Herald, June 12, 2015
The summer sun may have gone, but that doesn't mean you should stop looking for the perfect property.
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Ngai Tahu to expand into Auckland market, led by Eden Park boss
National Business Review, June 12, 2015
Ngāi Tahu Property, the property investor of the dominant South Island iwi, is entering the Auckland market and has snagged Eden Park Trust boss David Kennedy to lead the expansion.
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Interest rate cuts a boost for struggling farmers: Nathan Guy
Stuff.co.nz, June 11, 2015
Dairy farmers have been handed a positive break by the lowering of the official interest rate by the Reserve Bank, says Minister for Primary Industries Nathan Guy.
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Ngai Tahu Property establishes Auckland base
Stuff.co.nz, June 11, 2015
Ngāi Tahu is extending its North Island presence and chasing residential property developments in Auckland.
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Feeley has 'total integrity' - Nick Smith
New Zealand Herald, June 11, 2015
Queenstown Lakes District Council chief executive Adam Feeley has "total integrity", Minister of Building and Housing Nick Smith says.
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What else can you get in NZ for $2 million?
New Zealand Herald, June 11, 2015
Prestigious inner city Herne Bay has set a new benchmark, becoming the first $2 million suburb.
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Interest rates: why Wheeler cut the OCR to 3.25%
National Business Review, June 11, 2015
Falling export prices and minimal current inflation levels triggered this morning's interest rate cut by the Reserve Bank – but the cuts will not be large.
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House sales, prices rise in May amid early signs Auckland investors looking outside 'big smoke'
National Business Review, June 11, 2015
New Zealand house sales and median prices rose in May as Auckland continued to underpin activity, though there are early signs residential investors facing restrictions to borrow money to buy property in the country's biggest city may be looking elsewhere.
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Real Groovy's building is about to be demolished
New Zealand Herald, June 10, 2015
Real Groovy fans say they aren't worried about the music store's future following news it needs to find a new home before the building is demolished.
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Queenstown housing affordability 'worse than Auckland'
New Zealand Herald, June 10, 2015
An announcement will be made today identifying new special housing areas in Queenstown.
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OECD: red tape driving up NZ's house prices, inequality and business costs
National Business Review, June 10, 2015
Rapid population growth and “burdensome” planning rules are pushing up the cost of houses, increasing inequality and restricting economic growth, the OECD says.
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Home values in west Wellington rise, while central falls
Stuff.co.nz, June 9, 2015
House values in the Wellington region are a mixed bag , with areas in the west showing steady increases, while other areas remain flat or slightly down in the last three months.
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Index rises to highest level since March
New Zealand Herald, June 9, 2015
New Zealand shares rose yesterday as investors shrugged off the prospect of higher global interest rates, and bought property stocks, including Argosy Property and Property For Industry, and blue-chip companies such as Auckland International Airport that typically offer high dividends.
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Govt moves to end land row
New Zealand Herald, June 9, 2015
The Government is seeking a "workable solution" with Ngati Whatua over plans to develop huge tracts of land in Auckland, after two more iwi spoke out against the Crown's treatment of the Auckland tribe.
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House values rise at fastest pace in 15 months, while Auckland prices jump most in 11 years: QV
National Business Review, June 9, 2015
New Zealand residential property values increased at their fastest annual pace in over a year, as Auckland housing prices clock the biggest gain in over a decade, fuelled by record migration and low interest rates.
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Section shortage drives Hamilton building consents down
Stuff.co.nz, June 8, 2015
People looking for a new home in the Waikato may have to put their plans on hold because of a shortage of land available to feed the now high-demand property market.
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School to sell Ponsonby site
New Zealand Herald, June 8, 2015
A large parcel of prime residential development land is up for grabs in Ponsonby.
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Property Report: Crown land housing plan
New Zealand Herald, June 8, 2015
The Government allocated $52.2 million in the Budget to free up around 500ha of Crown land for home construction in Auckland.
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Property Report: Property rollercoaster still climbing
New Zealand Herald, June 8, 2015
Auckland's property market has never been so exciting to watch. Mix in the ever-changing mortgage landscape with fixed-rate deals from the banks, and the Government's highly ambitious plan to use hectares of hitherto forgotten Crown land for housing in Auckland, and there's plenty to think about.
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Olly Newland responds to 'Generation Rent' crisis, calling for the govt to incentivise rental property investors to get life-long tenants
Interest.co.nz, June 8, 2015
Property investor Olly Newland is calling on the Government to incentivise residential landlords to sell extra long-term leases to tenants keen to “rent for life”.
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Price of Mt Wellington house increased by 75% in last four years - latest auction results
Interest.co.nz, June 8, 2015
It would have been unthinkable a year or two ago but it may not be too long before Mt Wellington becomes Auckland's next million dollar suburb.
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NZIER's Shamubeel Eaqub calls for a cultural U-turn, in the wake of our housing crisis "sowing the seeds of inequality"
Interest.co.nz, June 8, 2015
Economists Shamubeel and Selena Eaqub are on a mission to give power to the people. By people, they mean renters unable to get a foot in the property market; Generation Rent.
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Northerly city expansion has major consequences for Hamilton’s CBD
National Business Review, June 8, 2015
Hamilton’s growth on its northern urban boundaries is not only seeing phenomenal residential expansion – but also the relocation of retail services away from the CBD, according to new research.
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152-year-old Kirkcaldie and Stains no more
New Zealand Herald, June 5, 2015
Australian retailer David Jones is poised to take over the Kirkcaldie & Stains brand and its building in Wellington.
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Geoff Barnett: Auckland's housing market dominance only going to grow
New Zealand Herald, June 5, 2015
Independent property information company CoreLogic recently compiled and analysed extensive data which backs up some real estate commentary but at the same time dispels a few commonly held assumptions.
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Getting renters' rights up to German standards dubbed a key stepping stone to cooling the housing market
Interest.co.nz, June 5, 2015
There are calls for New Zealand to take a leaf out of Germany’s book, and create a more secure environment for people to rent homes, and landlords to manage them.
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Building work picks up in March quarter as residential construction grows 2.6%
National Business Review, June 5, 2015
New Zealand construction activity expanded in the first three months of the year, as the country's house-building effort grew for a second quarter, making up for declining activity in the commercial space.
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DNZ buys Newmarket office building for $17 million in 'preferred' location
National Business Review, June 5, 2015
DNZ Property Fund [NZX: DNZ], which is almost halfway through a planned series of asset sales, has bought Heartland House in Newmarket, Auckland, for $17 million, in an area it describes as one of its preferred locations.
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New loan rules expected to cut turnover by around 8pc
New Zealand Herald, June 4, 2015
The Reserve Bank estimates its planned requirement that non-owner occupiers buying residential properties in Auckland have at least a 30 per cent deposit will cut turnover in the market by about 8 per cent over the first year.
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Rising numbers of Aucklanders heading for regions
New Zealand Herald, June 4, 2015
More Aucklanders are interested in buying properties outside of the city - with many potential buyers keen on the Hawkes Bay where you can get "more bang for your buck".
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Auckland house prices stabilise as buyers look elsewhere
Stuff.co.nz, June 3, 2015
Asking prices for Auckland homes stabilised somewhat in May at a new record high, but they accelerated elsewhere around the country, according to property business realestate.co.nz.
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Mitre 10 offers to share its flagship
New Zealand Herald, June 3, 2015
About 1400 square metres of ground floor office space is being offered for lease within a new flagship national support centre building planned for Albany on Auckland's North Shore by Mitre 10 (New Zealand) Limited.
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Rising Auckland house prices put lenders at risk, RBNZ says
New Zealand Herald, June 3, 2015
Surging Auckland house prices would put New Zealand's lenders at risk if there was a significant downturn, according to the Reserve Bank, which was happy with the lenders' ability to stay within regulatory requirements just six months ago.
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Bay of Plenty city attracting population in broad-based economic expansion based on strong jobs growth and affordable housing
Interest.co.nz, June 3, 2015
Economic activity in Tauranga City is soaring according to Infometrics’ March 2015 quarterly economic monitor and, with increasing numbers of Aucklanders seeking affordable housing options and a retiring cohort of baby boomers looking to live it up, this period of robust economic growth appears set to continue.
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Fewer buyers in Asia looking for NZ properties but average prices on Realestate.co.nz hit a new high in May
Interest.co.nz, June 3, 2015
Less Asia-based buyers are searching for New Zealand properties on Realestate.co.nz, while more Aucklanders are looking outside of their home region for properties to buy.
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RBNZ hints at further loosening of mortgage lending in non-Auckland parts of the country
Interest.co.nz, June 3, 2015
While the Reserve Bank is now officially putting the overheated Auckland housing market into the naughty seat, it is at the same time offering the tantalising prospect that the rest of the country may soon see a further relaxation in lending rules.
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Bennett sees first state house sales to community providers coming in 2016
National Business Review, June 3, 2015
Social Housing Minister Paula Bennett doesn't expect to complete any state house sales to community providers until next year, and says they won't be sold at book value, which she calls an "accountancy fallacy."
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Reserve Bank investor rules may apply to holiday homes and baches
Stuff.co.nz, June 2, 2015
Bach and holiday home-owners may be caught up in the Reserve Bank's new definition of "property investors", as it moves to crack down on the sector.
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State houses 'worth very little': English
New Zealand Herald, June 2, 2015
Finance Minister Bill English says some state houses are worth very little, but Government will not agree to give them away for free.
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Quality CBD apartment sells for $135,000 but a do up converted to flats in Sandringham fetches $1.5m; $485,000 for a Pukekohe bungalow - Bayleys auction results
Interest.co.nz, June 2, 2015
The cheapest property auctioned by Bayleys in Auckland last week was a one bedroom apartment in the Scene Three complex on Beach Rd in downtown Auckland, which sold for $135,000.
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Regulator acts on Auckland property investment
3 News, June 2, 2015
The Reserve Bank of New Zealand is pressing ahead with proposals to restrict lending to Auckland property investors, to take the heat out of the city's housing market.
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Building and Housing Minister details first four Govt land sites in Auckland to be sold to developers to build 600 homes; sees first homes built by late 2016
Interest.co.nz, June 2, 2015
Building and Housing Minister Nick Smith has listed the first four areas of Government-owned land in Auckland to be offered to developers to build new homes.
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Building consents fall in April, while apartment permits soar
National Business Review, June 2, 2015
New Zealand building consents fell in April, after the previous month's strong gain, as intentions to build houses decreased, while apartment permits climbed on the back of demand in Auckland for affordable housing.
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Changing consumer habits lead to retail exodus in Tauranga’s CBD
National Business Review, June 2, 2015
It’s a case of ‘swings and roundabouts’ for Tauranga’s retail sector – with suburban shopping precincts booming while the central business district is in decline, according to new research.
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Apartment buildings not yet covered by Auckland Council's fast-track consenting
National Business Review, May 28, 2015
Auckland Council efforts to increase the number of properties eligible for a new fast-track resource consent process haven't yet extended to building apartments, even though the Reserve Bank sees high-rises as key to easing the housing shortage in New Zealand's biggest city.
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High-speed rail could be the answer to housing shortage
National Business Review, May 28, 2015
Should New Zealand build bigger cities or help provincial and rural areas grow by bringing them closer to the cities?
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PM tells Auckland Council to get real
National Business Review, May 28, 2015
Prime Minister John Key says Auckland Council needs to take a step back from its ambitious Long Term Plan and look at what its primary responsibilities really are.
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Latest RBNZ figures suggest new lending restrictions could have a significant impact
interest.co.nz, May 27, 2015
Perhaps as much as half a billion dollars' worth of mortgage loans made last month might have been affected - if the Reserve Bank's proposed new Auckland lending restrictions had been in place, some crunching of the latest RBNZ figures indicates.
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Houses on cemeteries 'nonsense', says Nick Smith
New Zealand Herald, May 27, 2015
Housing Minister Nick Smith has defended his plans to free up crown land in Auckland to build new homes despite claims people could end up living on top of cemeteries, school playing fields and on pylons.
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NZIER bucks trend of major bank economists, saying the RBNZ has no choice but to keep the OCR stable for another two years
interest.co.nz, May 27, 2015
The New Zealand Institute of Economic Research (NZIER) is bucking the trend among major bank economists, who are calling for cuts as soon as next month, predicting the Reserve Bank (RBNZ) won’t shift the Official Cash Rate (OCR) until mid-2017.
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ANZ economists see twin Government and RBNZ action affecting an Auckland market that is 'primed to soften'
interest.co.nz, May 27, 2015
The Auckland house market is "primed to soften" and the twin attack on it from the Government and the Reserve Bank may prove to be the "turning point", ANZ economists say.
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Economy to grow at 3% through to 2017, driving jobs growth: NZIER
National Business Review, May 27, 2015
The New Zealand economy is expected to grow at about 3% a year through to 2017, driving jobs growth and reducing the unemployment rate, according to the NZ Institute of Economic Research's quarterly predictions.
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Manawatu/Whanganui most affordable for first-time buyers
Stuff.co.nz, May 26, 2015
First time buyers are better off in the Manawatu/Whanganui region than anywhere else in New Zealand, according to new figures.
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Research finds almost a third of Auckland houses changing hands within five years
interest.co.nz, May 26, 2015
Some 15% of the houses sold in Auckland last year had changed hands less than two years previously, according to research from property information, analytics and services provider CoreLogic.
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Five Auckland properties sold for less than $1m at last week's Bayleys auctions, most well above that
interest.co.nz, May 26, 2015
The cheapest Auckland property auctioned by Bayleys last week was a two bedroom apartment with a car park in the CBD fringe suburb of Grafton, which sold for $210,000.
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Keith Woodford unpicks the cash flow implications of the 'esitmates' due from Fonterra for the upcoming season
interest.co.nz, May 25, 2015
This week is important for all dairy farmers.
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Crisis or correction? Readers rate Auckland housing market
National Business Review, May 22, 2015

NBR Online readers dosagree with Prime Minister John Key's diagnosis that Auckland is not experiencing a housing boom.
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New high-rise tower breaks new ground
National Business Review, May 22, 2015

Work will start later this year on the first high-rise commercial tower to be built in Auckland in over a decade.
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Market need to be sceptical of Budget forecasts. Eyes on Yellen; her views may see Treasury yields to climb back toward 2.30%
interest.co.nz, May 22, 2015
NZ interest rates followed the dip in Treasury yields, with longer-end rates falling by 3 bps.
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Budget 2015: Cautious welcome for moves to free up land
New Zealand Herald, May 22, 2015

Moves to free up 500ha of state-owners land to help counter spiraling Auckland house prices are being welcomed by commentators as a means to address a critical supply shortage.
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Govt property plans will attract Chinese investors
stuff.co.nz, May 21, 2015

An adviser to Chinese property players in Auckland believes many developers and investors in her home country will be interested to hear of moves to free up Crown land in the city.
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Budget 2015: Govt to build low-cost homes on Crown-owned land in Auckland
New Zealand Herald, May 21, 2015

The Government has put aside $52.2 million to fund its new plan to partner with private developers and build thousands of lower-cost homes on Crown-owners land in Auckland.
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Budget 2015: Housing, capital gains tax on wishlist
New Zealand Herald, May 21, 2015
Development of physical insfrastructure has topped a business wishlist for today's Budget, according to a snap poll of EY clients.
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Budget 2015: Big plans for more homes
New Zealand Herald, May 21, 2015

Today's Budget will unveil details of Government plans to partner with private developers to build affordable houses on Crown-owned land in Auckland.
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Despite some signs of stabilising dairy prices, economists see any chance of a sharp rebound in return as a 'distant prospect'
interest.co.nz, May 20, 2015

Economists at the country's biggest dairy farm lender ANZ see any chance of a sharp rebound in dairy prices as a "distant prospect" and are picking a "tough" forthcoming season.
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Rents on Trade Me property are rising faster in the regions, less in the main centres
interest.co.nz, May 20, 2015
Stable or rising inflation expectations cause market watchers to shift rate-cut views.
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Modest dairy price falls unlikely to alarm markets
interest.co.nz, May 20, 2015

NZ swaps closed up 1-5 bps across the curve.
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Banks in battle to cut rates
New Zealand Herald, May 20, 2015
Westpac could join a mortgage-rate battle after Kiwibank and ANZ slashed their rates amid rising competition in the home-loan market.
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Non-resident property buyer list likely
3News.co.nz, May 19, 2015
It is looking more like the Government will release a list of non-resident property buyers, with the Prime Minister saying it would be his preference to do it rather than a register.
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Budget 2015: Agents welcome new tax rules
New Zealand Herald, May 19, 2015
Government urged to bring in tougher measures to stop money laundering through property transactions.
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The one thing missing in all the debate about Auckland housing has been cold hard facts about just who is buying the houses
interest.co.nz, May 19, 2015
Well, the government and the reserve bank have leapt into action aimed at taming that naughty, naughty Auckland housing market.
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RBNZ kicks plans to develop specific bank capital requirements for reverse mortgages into touch, for now.
interest.co.nz, May 19, 2015
The Reserve Bank's plans to introduce specific bank capital rules for reverse mortgage loans are on ice.
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Mansion hoppers on move again
New Zealand Herald, May 18, 2015
Couple who sold $17m property to Chinese buyer abandon dream home in favour of 'downsized' 435sq m one.
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Auckland property: New rules 'won't have a huge impact' - Key
New Zealand Herald, May 18, 2015
Two-year ownership requirement and curbs on foreign buyers announced as Govt moves to cool the Auckland market.
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ANZ says there could be a rush of property listings in the next four months and the Auckland housing market could be at a turning point
interest.co.nz, May 18, 2015
ANZ's economists believe there may be a rush of new property listings in the next four months, as vendors and investors try to beat the October 1 introduction of new tax and mortgage lending rules on residential property investments.
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Chris Parker: No Mike, house crisis is not our fault
New Zealand Herald, May 15, 2015
Hosking has it wrong when he heaps all the blame for soaring house prices on the Auckland Council
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Reserve Bank: Prospects firm up for interest rate cuts
National Business Review, May 15, 2015
Tighter rules for lending to property investors could mean interest rate cuts are on the way.
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Sovereign launches a market leading one year fixed home loan offer of just 5.10%, in a limited two week campaign.
interest.co.nz, May 15, 2015
Today, Sovereign has hit the market with a new low one year fixed mortgage rate.
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Give us data on foreign property buyers, RBNZ says
National Business Review, May 14, 2015
The vexed question of how much the Auckland property frenzy is driven by offshore buyers in back on the political agenda, with Labour and the Greens pushing the anti-foreigner line hard.
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Papakura library and museum building for sale
New Zealand Herald, May 13, 2015
A large commercial property which is home to the Papakura library and museum and has a 10 year lease to Auckland Council is up for sale in Bayleys' latest Total Property portfolio.
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Score at next week's auction
New Zealand Herald, May 13, 2015
Retail properties in Remuera, Newmarket and Albany are among 20 offerings for auction next week as part of Bayleys' second Total Property portfolio of the year.
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Dollar holds steady as Financial Stability Report awaited
National Business Review, May 13, 2015
The New Zealand dollar was little changed as investors await an update on the Reserve Bank's view of Auckland's bubbling housing market as part of it's Financial Stability Report this morning.
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New Mortgage rules for Auckland investors: The must have 30% deposit
New Zealand Herald, May 13, 2015
The Reserve Bank will target Auckland property investors with new lending restrictions as it looks to take the heat out of the property market in the country's biggest city, which it sees as a key risk to the nation's financial system.
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No change in median Auckland house price this month: REINZ
National Business Review, May 12, 2015
The median price of an Auckland house didn't change between March and April, at $720,000, according to the latest figures released by the Real Estate Institute of New Zealand, although there has been a $108,500, or 17.7 percent increase in the Auckland median house price since April last year.
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Relocating Ports of Auckland to be considered in council study
National Business Review, May 12, 2015
Part of Auckland Council's Port Future Study will include looking at relocating all or part of the port, or the port's functions, within the Auckland region.
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NZ rate cuts still some way off despite current market pricing, but when they come there could be a series of them
interest.co.nz, May 12, 2015
NZ swaps closed down across the curve yesterday.
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Wellington Wharf redevelopment tops commercial building awards
National Business Review, May 12, 2015
Clyde Quay Wharf was named Supreme Award winner at the Registered Master Builders Association's NZ Commercial Project Awards last Friday.
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Smith announces 10-20 year delay to rules on assessing and fixing quake-prone buildings
interest.co.nz, May 11, 2015
Building and Housing Minister Nick Smith has announced major changes to the Government's rules for assessing and repairing earthquake prone buildings that will slash the number of buildings to be assessed from 500,000 to 30,000.
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Two spruced up characters on trendy city street
New Zealand Herald, May 9, 2015
Two adjoining character buildings, once the headquarters of the British Traders Insurance Co, on are up for sale as one property in newly upgraded O'Connell Street in Auckland's CBD.
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Papakura big bulk retail complex for auction
New Zealand Herald, May 9, 2015
A large modern bulk retail complex in central Papakura which is producing net annual rental income of nearly half a million dollars is one of the larger commercial and industrial properties being put up for auction later this month as part of Bayley's Total Property portfolio.
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Art Deco theatre in spotlight after makeover
New Zealand Herald, May 9, 2015
"All of the hard work and financial investment has been done in relation to this property leaving the finished product ready for the new owner to reap the rewards," says Rollo Vavasour, commercial and industrial salesperson for Bayleys Hawke's Bay, who is marketing the freehold property for sale by private treaty closing on Thursday May 21.
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Rates hike to hit hard in poor areas
New Zealand Herald, May 8, 2015
Council's transport levy, general rise mean 16% jump for low-income suburbs.
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New builds lid on house values
New Zealand Herald, May 8, 2015
Property values continue to rise in Tauranga, but an influx of new housing is keeping an Auckland-level price spike at bay.
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US 10-year yields spike following oil price higher but then pull back. NZ rates rise and steepen
interest.co.nz, May 8, 2015
Steepening of the NZ curve continued yesterday.
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David Hisco predicts surging Auckland house prices may be reigned in by immigrants dicovering other parts of NZ
interest.co.nz, May 7, 2015
The rampant house price inflation in the Auckland market may be cooled by immigrants spreading to other parts of New Zealand, according to ANZ New Zealand CEO David Hisco.
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$5.25m penthouse the height of luxury
New Zealand Herald, May 7, 2015
Businessman turns two apartments into award-winning home with fabulous views
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Media housing rents have fallen for two months in a row, with the biggest falls occurring in Auckland
interest.co.nz, May 6, 2015
Housing rents declined for the second month in a row in all three main centres, according to interest.co.nz's Housing Rent Monitor.
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Economists further trim milk price expeditions as global dairy prices continue to slump
interest.co.nz, May 6, 2015
Economists are still picking a recovery in global dairy prices - but now see this happening later than was earlier expected.
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Apartment Conversions eat up city fringe office space
National Business Review, May 6, 2015
City fringe office vacancy rates are dropping sharply through a combination of companies wanting more up-market space and significant refurbishment and conversion projects.
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Reserve Bank looks at rental property investor rules
stuff.co.nz, May 5, 2015
The Reserve Bank is looking at tightening up on how much banks can lend to residential landlords.
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Prices started at $581,000 at Bayleys Auckland auctions last week, while a house on a lifestyle block in Canterbury went for $515,000
interest.co.nz, May 4, 2015
A refurbished 1930s-era brick and tile cutie (pictured) on the three Kings/MtRoskill border in Auckland sold for $1.635 million when it was auctioned by Bayleys last week, although the price probably had more to do with the 802 square metre section and its subdivision potential than the house itself.
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Consumer Watch: commercial deals a good bet
New Zealand Herald, May 3, 2015
Fancy owning an office block or a couple of shops? It might not be as far out of your reach as you think.
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Auckland's ex-state houses hot items
New Zealand Herald, May 3, 2015
Two ex-state houses have sold for almost $3million combined, in what experts say is further evidence of Auckland's rampant housing boom.
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Homes in new Mount hotspot now selling for up to $1.45m
New Zealand Herald, May 3, 2015
A Mount Maunganui road two streets back from Marine Parade has been identified as a real estate hotspot with at last six homes each selling for up to $1.45 million this year.
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First home buyers feel the heat
New Zealand Herald, May 2, 2015
Cashed-up Aucklanders are continuing to influence the Bay market, putting pressure on first-home buyers.
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Asking prices on realestate.co.nz surged to a new high in Auckland last month, but rose more slowly or declined in the rest of the country
interest.co.nz, May 1, 2015
The average asking price of Auckland homes listed for sale on Realestate.co.nz surged to a new high of $789,581 in April, but it was a different story in most other parts of the country.
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New sustainability benchmark targeted in flagship Wynyard Quater development
National Business Review, May 1, 2015
Willis Bond's unashamedly expensive Wynyard Quater development will target a 7 homestar environment rating - a tool its sponsors through the Green Building Council.
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Offsite prefabrication could ease Auckland housing shortage now
National Business Review, May 1, 2015
An in-depth study shows off-site prefabrication of houses can help ease Auckland's housing crisis immediately.
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First home buyers nab new home subsidies
New Zealand Herald, April 30, 2015

More than 2000 first-home buyers have snapped up new housing subsidies worth up to $20,000 in less than a month, forcing Housing New Zealand to take on more staff just to distribute the grants.
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RBNZ: Wheeler inches toward interets rate cut
National Business Review, April 30, 2015
The Reserve Bank has made it's strongest signal yet that a cut to the official cash rate is likely.
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Company co-owned by government, Auckland Council to take charge of major Auckland state housing redevelopment.
interest.co.nz, April 30, 2015
The government says it's transferring about 2,800 state houses in the Auckland suburbs of Glen Innes, Point England, and Panmure to a company co-owned by the government and Auckland Council to encourage regeneration of the Tamaki area in east Auckland.
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Budget 2015: more funding for IRD to wield against property investors
National Business Review, April 29, 2015

A further step up in activity by Inland Revenue against property investors appears to be on the way.
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Housing unaffordability issues spread beyond first home buyers in Auckland and Queenstown - AMP360 Home Lone Affordability Report
interest.co.nz, April 28, 2015
Surging house prices in Auckland and Queenstown last month pushed home ownership even further beyond the reach of first home buyers in the two districts, according to the AMP360 Home Loan Affordability Report for March.
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Housing NZ sales are cause of median drop
New Zealand Herald, April 28, 2015
A senior property broker says house sales prospects are looking positive in Wanganui - despite official figures painting a darker picture.
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Judges Pool riverside motel looks a good catch
nzherald.co.nz, April 25, 2015
The judges motel on the banks of world famous Tongarir River at Turangi is for sale as a going concern business and freehold property.
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Huge historic Thames industrial property
nzherald.co.nz, April 25, 2015
An industrial property having one of the country's longest running tenancies with the company occupying the site for 144 years is for sale in Thames on the Coromandel Peninsula.
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Meadowbank character has add value potential
nzherald.co.nz, April 24, 2015
A Meadowbank character building on a busy arterial road with a mix of retail, office and residential space is for sale after three generations of family ownership.
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Kiwiwsaver property funds performances
interest.co.nz, April 24, 2015
Our comprehensive review of regular savings returns to March 31, 2015 for aggressive KiwiSaver funds, identifying who has the best long-term returns.
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HousKiwisavers cash up to pay for first home after rule change
stuff.co.nz, April 24, 2015
Banks are reporting a surge in interest from customers keen on drawing down their KiwiSaver accounts to help for their first home.
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Jones buys equinox house on lambton quay
propbd.co.nz, April 24, 2015
Robt Jones Holdings Ltd (Sire Bob Jones), already the largest commercial property owner in the Wellington CBD, has bought the 16-level Equinox House at 218-224 Lambton Quay for $18.15 million.
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Net migration hit 56,275 in the March year
interest.co.nz, April 23, 2015
Net migration surged to a new record high in the March year, with the population increasing my 56,275 new arrivals over the 12 month period.
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Property Solutions Singapore defends marketing Auckland
stuff.co.nz, April 23, 2015
The heated Auckland property market is being pitched to foreign buyers in Singapore and Malaysia as an "investor's dream".
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Avoiding paying tax on capital gains from property sales
interest.co.nz, April 23, 2015
With the Auckland housing market red hot, pressure is mounting on the Inland Revenue Department (IRD) to pursue quick flick merchants who may be pocketing substantial capital gains.
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Minister vows to hold slumlords to account
scoop.co.nz, April 23, 2015
Minister vows to gold slumlords to account Mori Development Minister Hon Te Ururoa Flavell is outraged by the squalid state of some private rental properties in Christchurch.
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Landlord wants nearly 8 percent higher rents
stuff.co.nz, April 22, 2015
New tenants and those who need to move between homes are being hammered by the strong housing market, Trade Me figures suggest.
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Major house price corrections lead to GPD shortfall of about 6%, Moody's says
interest.co.nz, April 22, 2015
House price corrections lead to a country's Gross Domestic Product dropping by about 6%, credit rating agency Moody's says, as the impact of falling house prices flows through to the broader economy.
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REINZ data shows fewer sales but steady prices
Agrihq.co.nz, April 22, 2015
Data released today by the Real Estate Institute of New Zealand (REINZ) shows a drop in farms sales on this time last year.
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Rotorua holiday park waits for new owner
New Zealand Herald, April 21, 2015
Holdens Bay Holiday Park, a popular Rotorua budget accommodation and recreational venue has been placed on the market for sale as a freehold property and going concern business.
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Big site sales to address development land dearth
New Zealand Herald, April 21, 2015
Four large 'greenfield' development sites for sale on Auckland's metropolitan fringe are being seen as the vanguard of big opportunities for large scale projects that will create entire new communities.
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$10b of projects reveal a new-look Auckland City
New Zealand Herald, April 21, 2015
Private and public projects on Auckland's drawing board have cracked the $10 billion mark. Auckland Council's City Centre Integration team has just released a map showing the huge public and private investment planned for the next decade.
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Dairy farm sales and prices were down March but still up on a year earlier
Interest.co.nz, April 21, 2015
Dairy farm sales retreated in the three months to March, with both the number of sales and median price per hectare down compared to the three months to February.
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PM Key says Government sending letters to owners of 14 Special Housing Areas in Auckland that they must develop the land, or lose the Special Housing Area status
Interest.co.nz, April 21, 2015
Prime Minister John Key has signalled the Government plans to tell the owners of 14 Special Housing Areas (SHAs) in Auckland that they must develop their land or lose their special status.
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Academics say 'unprecedented' rent increases - of about a third - would be needed to bring Auckland's house price-to-rents ratios into line with the rest of the country
Interest.co.nz, April 21, 2015
Rent increases of about a third would be needed in Auckland to bring the city's house price-to-rents ratio back into line with the rest of the country.
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No easy job finding an investment property in Auckland as property prices rise faster than rents, forcing yields down
Interest.co.nz, April 21, 2015
Surging house prices are continuing to reduce the likely returns available to residential property investors in Auckland, even though rents have also been rising, according to the latest REINZ/interest.co.nz Indicative Rental Yield Report.
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Empty North Shore industrial premises few and far between
National Business Review, April 21, 2015
Finding a warehouse and factory on Auckland’s North Shore is becoming challenging.
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Inflation slump creates more pressure on housing crisis
National Business Review, April 21, 2015
Auckland house prices continue to soar as inflation slumps to its lowest level in 15 years.
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Capital gains taxes: misinterpreting the mandarins
National Business Review, April 21, 2015
The capital gains tax debate ignited by deputy Reserve Bank governor Grant Spencer last week has been notable for how his comments have been misinterpreted.
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Charitable house goes under the hammer
New Zealand Herald, April 20, 2015
Buying a house for $80,000 in a heated Auckland market seems beyond belief, but an Auckland property developer has done just that. Although there was no land to go with it.
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Auckland property: Cashed-up and heading off
New Zealand Herald, April 20, 2015
As house prices in the country's biggest city spiral out of control, Auckland homeowners are cashing in their chips and buying mansions in the regions.
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Developers given credit for being market’s risk takers and creators
National Business Review, April 20, 2015
Developers often cop flak for their activities but few people appreciate what a vital cog they are in the commercial property market, Bayleys’ national commercial director John Church says.
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Deflation double: inflation dips towards zero
National Business Review, April 20, 2015
Price inflation is negative for the second quarter in a row.
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Long-term solution needed for overheated Auckland property market
New Zealand Herald, April 17, 2015
Targeting property investors with stricter lending rules is tentatively backed by experts, who say it would help dampen an overheated housing market.
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Housing: Human rights commissioner calls for drastic action
New Zealand Herald, April 17, 2015
New Zealand's human rights watchdog has added its voice to those calling for drastic action to tackle New Zealand's housing problems.
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It was a big week for Bayleys commercial property auctions with particularly strong interest in development properties
Interest.co.nz, April 17, 2015
Several retail units in a new retail strip in Rotorua sold at yields between 6.5% and 7% while another achieved a 5.95% yield at last week's Bayleys Commercial auction in Rotorua.
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A two bedroom cottage on a postage stamp site sells for $940,000 - Bayleys auction results from throughout the country
Interest.co.nz, April 17, 2015
A two bedroom cottage on an 88 square metre section at Grey Lynn in Auckland has been sold at auction by Bayleys for $940,000, which was $10,681 per square metre.
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New $30m pool and sports centre for Ashburton
National Business Review, April 17, 2015
Ashburton has a new $30 million indoor sports and leisure centre called EA Networks Centre, due for official opening on May 9.
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Ngai Tahu unveils developments covering whole block in Christchurch
National Business Review, April 17, 2015
Ngai Tahu today unveiled a major development in Christchurch’s central city covering an entire block.
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Few properties available for industrial expansion
National Business Review, April 17, 2015
The effects of the country’s rapidly growing economy have come home to roost in Auckland’s industrial property market.
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Capital gains tax: The Reserve Bank draws the line
National Business Review, April 17, 2015
Central bankers are like the rest of us. They come home at the end of the day from work, grizzling that everyone expects too much from them, no one appreciates what they do, and they are fed up with having to do everyone else’s job for them.
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Auckland's Lysaght building revamped for Wynyard Quarter
Stuff.co.nz, April 15, 2015
New life has been breathed into a 90-year-old building on Auckland's waterfront, once used by America's Cup team Luna Rossa.
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March home sales hit new record highs
New Zealand Herald, April 15, 2015
For the first time in a single month, 10 per cent of all properties sold around the country went for more than $1 million.
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North Shore industrial vacancy 'below healthy level'
New Zealand Herald, April 15, 2015
The amount of empty industrial property space on the North Shore is close to an all-time low, with a recent survey conducted by Bayleys Research showing the industrial vacancy rate for Albany sitting at just 2.9 per cent.
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Tax housing, says Reserve Bank
National Business Review, April 15, 2015
Signs of frustration from Reserve Bank officials emerged today when deputy governor Grant Spencer told a housing conference in Rotorua the government needs to take another look at how property is taxed.
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'Up to 18,000 properties affected by taniwha tax'
National Business Review, April 15, 2015
Up to 18,000 properties may be affected by Auckland Council’s “taniwha tax,” according to the Taxpayers’ Union.
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Old offices become luxury homes
New Zealand Herald, April 14, 2015
As Auckland City corporates move on up to flash new glass high-rise towers nearer the waterfront, their dated, cast-off offices are being gratefully snapped up by people wanting to make them their homes.
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Prefab homes get green tick
New Zealand Herald, April 14, 2015
Prefabricated homes offering up to 15 per cent reductions in building costs are gaining a powerful boost from a green think-tank seeking sustainable ways of tackling the housing crisis.
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Block of Otahuhu flats sells for $1.616m, chic penthouse in character building goes for $820,000
Interest.co.nz, April 14, 2015
A block of six flats in Otahuhu sold for $1.616 million at Bayleys' latest Auckland auctions, providing the new owners with a gross rental yield of 6.2%.
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All the jawboning on the Auckland housing market is demonstrating the unwillingness of politicians to actually do anything about the rapidly inflating bubble
Interest.co.nz, April 14, 2015
The development of the worrying situation that is the current Auckland housing market can be measured through the Prime Minister's denials.
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The median rent for a three bedroom house has increased by $27 a week over the last 12 months
Interest.co.nz, April 14, 2015
Median housing rents dropped slightly last month but remain well up on where they were a year ago.
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Van Asche vineyard for new owner
National Business Review, April 14, 2015
A well known Marlborough family is selling a vineyard established in the Awatere Valley.
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Only 9% of consents in Auckland are for affordable homes — Hulse
National Business Review, April 14, 2015
Auckland deputy mayor Penny Hulse is calling for a cross-party accord on Auckland housing because “it’s too important to score political points on."
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House prices rise 8% in March, led by a 13% jump in Auckland
National Business Review, April 14, 2015
New Zealand residential property prices rose in March, led by Auckland where housing supply isn't meeting demand, putting pressure on the market.
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Kirkpatrick buys Auckland golf course for $48 million
National Business Review, April 14, 2015
NBR Rich lister James Kirkpatrick has bought the Firmont Golf Course at Flatbush for a rumoured $48 million.
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Govt may split RMA into two - eventually
National Business Review, April 14, 2015
The government is pulling back from its more radical proposals to change the Resource Management Act – but says more far reaching changes will be needed at a later date.
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World Bank says sharp slowdown in China would hurt NZ, Australia
National Business Review, April 14, 2015
A sharp slowdown in China would hurt commodity exporting countries like New Zealand and Australia and spill over into Pacific Island countries, the World Bank says in its latest East Asia Pacific Update.
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‘Taniwha tax’ to get airing
National Business Review, April 14, 2015
Auckland’s so-called “taniwha tax’ is the topic of a discussion forum being held in Auckland this Wednesday.
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Housing New Zealand private sales slammed
3News, April 9, 2015
Housing New Zealand is facing criticism for selling some of its new state-owned properties on the open market.
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Flower power drives export business
New Zealand Herald, April 9, 2015
A Wanganui-based horticultural business that grows and exports high quality delphinium seeds, flowers and plants has been placed on the market for sale along with its five hectare freehold property and a house.
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Foreign investors could leave sharemarket as price-earnings premiums strain
National Business Review, April 9, 2015
New Zealand equity market valuations are straining partly because of foreign investment and price-earnings premiums relative to the rest of the world may have stretched too far.
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Councils told to keep their noses out of green buildings
National Business Review, April 9, 2015
The Property Council says green building regulations do not need to be written into district plans and consenting processes.
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Fletcher Building selling part of Manukau Golf Course
National Business Review, April 9, 2015
Fletcher Building [NZX: FBU] subsidiary Fletcher Living has a conditional agreement to sell 5.5ha on the Manukau Golf Course to Metlifecare [NZX: MET] for a retirement village.
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Christchurch rebuild projects shimmer like mirages
National Business Review, April 9, 2015
Christchurch’s proposed convention centre may be delayed because of competing demands.
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Auckland's St James Theatre to reopen in weeks
New Zealand Herald, April 8, 2015
Aucklanders are about to get their first glimpse inside the city's historic and much-loved St James Theatre.
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Population and economic shocks have drastic effect on housing
National Business Review, April 8, 2015
The global financial crisis is still having an effect on New Zealand house prices.
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Eichardt’s aims to match Okareka's $10K per night
National Business Review, April 8, 2015
Queenstown-based Skyline Enterprises is boasting its $10,000 a night Eichardt’s Private Hotel is New Zealand’s swankiest lodge of all.
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Shanghai Pengxin turns the tables on Spark property deal
National Business Review, April 8, 2015
Nearly three weeks after cancelling Shanghai Pengxin’s deal to buy one of the Spark [NZX:SPK] buildings in downtown Auckland, Mansons TCLM has sold the same property to the same company at a higher price.
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Flower power drives export business
New Zealand Herald, April 7, 2015
A Wanganui-based horticultural business that grows and exports high quality delphinium seeds, flowers and plants has been placed on the market for sale along with its five hectare freehold property and a house.
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School's in for body corporate managers
New Zealand Herald, April 7, 2015
A new entity to help body corporate bosses will hold its inaugural meeting next week.
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NZ's most expensive hotel suite: $10,000 for a night in Queenstown
New Zealand Herald, April 7, 2015
The owners of a soon-to-be-built Queenstown penthouse are already claiming the title of New Zealand's most expensive hotel suite, with a price tag of $10,000 a night.
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First design contracts for Auckland's $2.5b rail line awarded
New Zealand Herald, April 7, 2015
Auckland Transport has awarded advanced design contracts for the first stages of the $2.5 billion underground rail line from Britomart to Mt Eden, to start construction within a year.
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English: State housing sales to tenants already happening
New Zealand Herald, April 7, 2015
The Minister Responsible for Housing New Zealand, Bill English, says the sale of state houses to tenants and first-home buyers is going under two existing schemes.
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Property Investors Association president says experienced investors are wary of Auckland housing market but mums and dads are rushing in
Interest.co.nz, April 7, 2015
High housing prices and low rental yields in Auckland are causing many experienced investors to sit on the market sidelines or buy properties in other parts of the country, according to the president of the Auckland Property Investors Association, Andrew Bruce.
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Rural landowners generating windfall revenues from alternative energy
National Business Review, April 7, 2015
From a renewable electricity perspective, New Zealand’s wind resource is globally admired and has proven cost-effective.
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170 homes built in Special Housing Areas of 16,000 in pipeline, Brown says
National Business Review, April 7, 2015
Some 170 homes have been built in Special Housing Areas as a result of the Housing Accord between Auckland City and the government, Auckland mayor Len Brown says.
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Plan for $130 million Auckland island resort revealed
National Business Review, April 7, 2015
A Chinese-backed six-star resort planned for Manukau Harbour will have 165 units of different sizes that will be later sold to investors, NBR has learned.
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The heightened activity and strong price gains in the Auckland housing market have made RBNZ action likely very soon
Interest.co.nz, April 2, 2015
Well, the Reserve Bank was looking for hard evidence of a reheating Auckland housing market and it's getting it, in spades.
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Top price was $3.11m at Bayleys' Auckland auctions this week but you could get a flat in town for $477,000
Interest.co.nz, April 2, 2015
The prices of home sold at Bayleys Auckland auctions this week ranged from $477,000 to $3.11 million with only two properties selling for less than $800,000.
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Lamb wool prices fall as lower Aussie dollar lures Chinese buyers
National Business Review, April 2, 2015
New Zealand lambswool prices fell as Chinese buyers of the fibre favoured the Australian market as a decline in the Aussie dollar made that country's prices more competitive.
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GFC effects still linger in NZ housing market
Stuff.co.nz, April 2, 2015
The global financial crisis is still having an impact on New Zealand's housing eight years later, according to new research.
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RBNZ warned Government that HomeStart subsidy for first home buyers could boost developer margins and pump up already over-valued house prices
Interest.co.nz, April 2, 2015
Reserve Bank Governor Graeme Wheeler warned the Government in June last year that its expanded HomeStart scheme to subsidise first home buyers, which was launched today, could boost property developers' profit margins and further pump up already over-valued house prices over the long term.
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The seven Cs of city building
National Business Review, April 2, 2015
The growth of urbanisation is a global phenomenon. Half of the world’s population now lives in cities and this is forecast to grow to nearly three-quarters by 2050.
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James Cameron snaps up organic empire
Stuff.co.nz, April 1, 2015
Director James Cameron has further distanced himself from dairy farming, adding an organic vegetable venture to his increasingly plant-based Wairarapa businesses.
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Christchurch homes more affordable
The Press, April 1, 2015
That first home has come a little closer for Christchurch buyers.
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Shop for rare shops in Wanganui
New Zealand Herald, April 1, 2015
A multi-unit and fully-tenanted suburban shopping centre minutes from Wanganui's CBD is to be sold with its local owners have decided to downscale their property investment interests.
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Upper Hutt commercial duo for sale
New Zealand Herald, April 1, 2015
The former premises of the ANZ bank on the corner of 124 Main St and Geange St in central Upper Hutt is for sale along with a small retail property in the same street.
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Affordable homes: Best and worst regions revealed
New Zealand Herald, April 1, 2015
Mortgage payments for Auckland's most affordable homes are costing first-time buyers nearly half their take-home pay each week, a new report shows.
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Blenheim Estate may answer a prayer
New Zealand Herald, April 1, 2015
The Old Saint Mary's Convent Vineyard Estate in Rapaura, 10 minutes' drive from Blenheim is for sale along with its 114 year old former convent as part of the freehold property and going concern business.
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$175m South Auckland retirement village planned
New Zealand Herald, April 1, 2015
Retirement village owner and operator Metlifecare has a deal to buy part of the Manukau Golf Course from Fletcher Living for a new $175 million village for the elderly.
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'Super eight' Auckland suburb values up 17.9pc
New Zealand Herald, April 1, 2015
Houses in eight Auckland suburbs south of the CBD topped national value rises, up a "whopping" 17.9 per cent annually, according to QV data just out.
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Andrew Whiteford says that commuters and remote workers can contribute to economic revival of towns, including places like Wanganui
Interest.co.nz, April 1, 2015
Each morning the train station in the small Wairarapa town of Carterton is packed with commuters who do the long trek into Wellington.
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Wins and losses in council’s long-term plan
National Business Review, April 1, 2015
Support for the city rail loop has come from the Property Council’s Auckland branch – conditional on Auckland Council securing government funding before undertaking extensive works.
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Property values rise at fastest pace in 9 months in March, QV says
National Business Review, April 1, 2015
New Zealand residential property values climbed at the fastest pace in nine months in March, led by strong demand in Auckland.
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Government housing handouts throw fuel on flames
National Business Review, April 1, 2015
From today, the government’s new HomeStart programme may help an estimated 90,000 low and middle income first home buyers into their own home over the next five years, according to a government media release.
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Flying away on property sales
National Business Review, April 1, 2015
In a first for New Zealand, Bayleys real estate agency has signed on with Air New Zealand’s [NZX: AIR] airpoints scheme to attract more properties for sale.
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Quay Park rent reviews under way early
New Zealand Herald, March 31, 2015
Wealthy Auckland downtown waterfront landowner Ngati Whatua has already begun the 2018 rent review negotiations with tenants on 20ha of leasehold land.
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New life for stately warehouse
New Zealand Herald, March 31, 2015
The Wynyard Quarter's stout but stately 1920s John Lysaght building is getting a $6 million makeover.
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Rezone plan for Viaduct defended
New Zealand Herald, March 31, 2015
Rezoning Auckland's Viaduct apartment land as commercial would make the area more like other parts of the city and result in a more vibrant mix of activities, says Auckland Council.
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Benefits, student allowances, superannuation revamp kicks in
New Zealand Herald, March 31, 2015
Larger subsidies for first-home buyers and extended paid parental leave are among a raft of Government changes which kick in tomorrow.
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Building consents fall for a third month in February
National Business Review, March 31, 2015
New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed.
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Hastings expected to lose more main street retailers
National Business Review, March 31, 2015
The outlook for Hastings main street shopping looks grim, according to Hawke’s Bay valuer Logan Stone.
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New upmarket dining precinct for inner-city Auckland
National Business Review, March 31, 2015
Plans have been unveiled for a new upmarket dining precinct in the old BNZ building on Queen St, Auckland.
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RMA reform could still get Maori Party support
National Business Review, March 31, 2015
The Maori Party may yet support National’s planned Resource Management Act reforms.
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Blenheim's Temple Chambers for sale by tender
New Zealand Herald, March 30, 2015
Temple Chambers, one of Blenheim's best known commercial buildings and occupied by the same law firm for 90 years, has been placed on the market for sale.
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Two buildings set in Wellywood film location
New Zealand Herald, March 30, 2015
Two modern and separate buildings in the middle of Wellington's feted film production precinct are for sale by auction after being in the same ownership for 23 years.
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Kiwisaver bill helps first home buyers
3News, March 30, 2015
First home buyers will be able to access more of their KiwiSaver funds under a bill that's been passed by parliament.
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Palmerston North's former PO for auction
New Zealand Herald, March 30, 2015
Palmerston North's former chief post office building at 473-483 Main St has been placed on the market for sale by mortgagee auction.
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VTNZ station comes with warrant of fitness
New Zealand Herald, March 30, 2015
A freehold property occupied by a Vehicle Testing New Zealand (VTNZ) motor vehicle inspection station in Rotorua and featured in Bayley's latest Total Property portfolio magazine will go under the hammer next month.
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Big sale expected to spark global interest
New Zealand Herald, March 30, 2015
One of the four central Auckland buildings in the Spark City office complex, with a 300 person function venue and theatre for training, staff events and briefings is being marketed for sale publicly for the first time with an asking price of $72,800,000.
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Six units at Highland Park to be auctioned
New Zealand Herald, March 30, 2015
Six commercial units created from the redevelopment of a former cinema complex in Pakuranga will go under the hammer next month as part of Bayleys' latest Total Property portfolio.
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Pot of Goldie at end of rainbow
New Zealand Herald, March 30, 2015
When Tim and Charlotte Vickers bought a stunning Edwardian villa, they secretly hoped to find a long-forgotten painting by Charles F Goldie tucked away in the attic.
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Property: Rents in Auckland rise by up to 10%
New Zealand Herald, March 30, 2015
Renters are paying up to $60 more a week than they were a year ago for properties across some of Auckland's 30 suburbs.
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The price of an Otahuhu house increases 74% in nine months
Interest.co.nz, March 30, 2015
Could Otahuhu, traditionally one of Auckland's most working class suburbs, soon have BMWs and Audis parking cheek-by-jowl on its main street as their owners sip lattes at curbside cafes nestled between chic boutiques?
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PM says Government will have to "rip up" RMA reforms and go back to drawing board; says will have to abandon rewrite of sections 6 and 7
Interest.co.nz, March 30, 2015
Prime Minister John Key has abandoned any hope of a substantial re-write of the Resource Management Act (RMA) after the election of New Zealand First Leader Winston Peters as the MP for Northland.
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Goodman and Singaporean fund buy $86.2m Wynyard property
National Business Review, March 30, 2015
NZX-listed Goodman Property Trust [NZX: GMT] will end up owning 51% of a new building on Auckland’s waterfront,with the balance held by Singapore’s sovereign wealth fund, GIC.
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Augusta syndicates large retail centre
National Business Review, March 30, 2015
A fully occupied freehold shopping centre with 31 tenancies and anchored by a Mitre 10 Mega store on a new 13 year lease is the latest syndication offering to be launched on the market by Augusta Funds Management.
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Queen St lures multi-storied fine dining precinct venture
National Business Review, March 30, 2015
The long empty retail part of the former BNZ tower at 125 Queen St in the Auckland CBD is being converted into a swish new dining precinct.
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First home buyers should have no trouble getting a house anywhere but Auckland - AMP360 Home Loan Affordability report
Interest.co.nz, March 26, 2015
Housing remains affordable for first home buyers in all parts of the country except Auckland, according to the latest AMP360 Home Loan Affordability Report.
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New Zealand's commercial property lending less risky now due to lower debt funding
National Business Review, March 26, 2015
The Reserve Bank says New Zealand's $180 billion commercial property sector has become less risky since the global financial crisis because a reduced amount of debt is being used to fund new developments and purchases.
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Alejandro Aravena: How architecture can improve lives
3News, March 26, 2015
With his social-minded, intuitive approach to architecture, Alejandro Aravena is fast making a name for himself in a world once synonymous solely with grandiose mega-structures and 'starchitects'.
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Auckland pension flats receive $350k renovation to attract first home buyers
New Zealand Herald, March 26, 2015
A set of four run-down pensioner flats have been spruced up in a $350,000 renovation which is expected to attract first-home buyers trying to escape Auckland's soaring property prices.
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Mantra deal allows for shareholder participation
National Business Review, March 26, 2015
ASX-listed Mantra Group is buying Hawaii-based Outrigger Enterprise Group’s New Zealand and Australian hotel business for $A29 million.
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Scrap over zoning of land on Waiheke
New Zealand Herald, March 25, 2015
Waiheke's biggest landowner is challenging zoning classifications on parts of its holdings on the island's eastern tip in the Stony Batter Historic Reserve war fortifications vicinity.
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Fletcher wins big university contract
National Business Review, March 25, 2015
Fletcher Construction has won the contract to build stage one of the University of Canterbury’s $212 million Regional Science and Innovation Centre.
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Industry park property and companies growing rapidly
National Business Review, March 25, 2015
As construction of the fourth building at the Waikato Innovation Park races to its December opening, companies already ensconced at the park report an average 33% increase in growth.
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Fewer farm sales but prices steady
National Business Review, March 25, 2015
The number of farm sales is easing and prices are steady in the face of volatile international commodity prices.
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Losing Northland won't end National's RMA plans
Stuff.co.nz, March 24, 2015
National will push ahead with its attempts to reform the Resource Management Act even if the party is defeated in the Northland by-election.
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Development drags in Wellington
Stuff.co.nz, March 24, 2015
Wellington commercial and residential development is limping along and there are no real signs of a pick up, says building consultancy Rider Levett Bucknall.
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English says NZ$ highs vs A$ and Euro good but consumers, but headwinds for exporters; won't comment on if RBNZ should cut OCR
Interest.co.nz, March 24, 2015
Finance Minister Bill English has said there are pros and cons from the New Zealand dollar's rise overnight to fresh record highs against the Australian dollar and Euro, saying it was good for households, but continued to prove a headwind for exporters.
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Govt to trial new state housing model
3News, March 24, 2015
Councils may soon face private sector competition for issuing building consents again, as part of a Government drive to make housing more affordable.The Government will rethink plans to sell off some state houses after concerns were raised by the Salvation Army.
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Government targets cost of building consents
New Zealand Herald, March 24, 2015
Councils may soon face private sector competition for issuing building consents again, as part of a Government drive to make housing more affordable.
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The hotel industry was on a roll in Auckland, Wellington and Queenstown last year but Christchurch went against the trend
Interest.co.nz, March 24, 2015
Hotel occupancy and revenue levels improved in Auckland, Wellington and Queenstown last year, but dropped in Christchurch, according to Jones Lang LaSalle (JLL).
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Plans for big city newspaper block undecided
National Business Review, March 24, 2015
Auckland’s biggest and most active property developer is still pondering plans for the New Zealand Herald block between Albert and Wyndham Sts.
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Bill English: State house plans not sunk
3News, March 23, 2015
The Government has rejected Labour's claim that its flagship social housing policy has hit the rocks.
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Hammer will wave over Fairy Springs shops
New Zealand Herald, March 23, 2015
Five retail properties with freshly negotiated leases within a Fairy Springs suburban retail hub of 10 individual tenancies will go under the hammer in Rotorua next month.
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Queen's Rise banks on seating over 500 diners
New Zealand Herald, March 23, 2015
Plans have been unveiled for Queen's Rise a new up-market Auckland city single-site dining precinct with a combined seating capacity for over 500 diners that has been designed to rival the culinary hubs of trendy Ponsonby, the Viaduct, and Britomart.
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Grafton building offers healthy cash flow
New Zealand Herald, March 23, 2015
A fully leased city fringe building occupied by Auckland District Health Board (ADHB) as one of several longstanding tenants on a high profile Khyber Pass Rd corner site is for sale offering a new owner annual rental cash flow of about $676,000.
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Gisborne kiwifruit orchard a high performer
New Zealand Herald, March 23, 2015
A property containing one of the highest performing kiwifruit orchards on the east coast of the North Island along with a mandarin orchard has been placed on the market for sale.
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Award winning rural escape in Matakana
New Zealand Herald, March 23, 2015
Matakana Country Lodge, a multiple award-winning rural getaway at 149 Anderson Rd in Matakana north of Auckland has been placed on the market for sale as a freehold property and going concern business.
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Mortgages: Shopping around for better deals pays off
New Zealand Herald, March 23, 2015
Shopping around for a mortgage could save New Zealanders up to $28,500 over the lifetime of a loan, according to a new survey of home lending.
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Supermarket chains in expansion mode
New Zealand Herald, March 23, 2015
Expansion by the two dominant supermarket chains has moved into a new phase, with more than $300 million of work under way.
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Christchurch a city in transition
National Business Review, March 23, 2015
The 31 cranes counted across the Christchurch skyline late last year in the biannual Rider Levett Bucknall Crane Index is just one indicator that the city is getting back on its feet.
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Shanghai Pengxin purchase of Spark building ditched by developer
National Business Review, March 23, 2015
One of the Spark [NZX: SPK] buildings in Auckland’s downtown Victoria Quarter is back on the market after prominent Chinese buyer Shanghai Pengxin spent seven months trying to get OIO approval that went nowhere.
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Major hitch in government plan to jettison social housing
National Business Review, March 23, 2015
The biggest private social services provider, the Salvation Army, has rejected a plan to take over a large portion of the portfolio – suggesting the privatisation agenda faces big head winds, if it goes ahead at all.
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Dairy Hub on track to meet $2 million target
Stuff.co.nz, March 20, 2015
The Southern Dairy Hub proposal is on the way towards reaching its target, with more than $500,000 of the $2 million required pledged to date.
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Migration hits new record in February
New Zealand Herald, March 20, 2015
New Zealand's migration hit a new record in the year through February, driven by more arrivals and fewer departures.
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A two bedroom home unit at Ellerslie went for $350,000 while a beach house at Omaha fetched nearly 10 times that at Bayleys latest auctions
Interest.co.nz, March 20, 2015
You could have picked up a two bedroom home unit in Ellerslie for $350,000, or a one bedroom apartment in Parnell for $481,000 at Bayleys Auckland residential property auctions this week.
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Migration still booming in February
Stuff.co.nz, March 20, 2015
The migration boom is rolling on, hitting a new annual high of 55,000 more people arriving in New Zealand than leaving.
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Gateway leads to prime industrial sites
New Zealand Herald, March 20, 2015
The Te Rapa Gateway industrial park near Hamilton is marketing for sale fully serviced sites ranging in size from 2107 sq m and upwards.
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$120m apartment block planned for Auckland city fringe
New Zealand Herald, March 20, 2015
A new $120 million 150-unit apartment block is planned for Auckland CBD's western fringe.
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$400 million SkyCity convention centre under threat
New Zealand Herald, March 20, 2015
The $400 million deal for SkyCity to build a national convention centre in Auckland could be under threat.
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Frustration growing over slow house-building progress at flagship Tamaki Redevelopment project with Council and Housing NZ at Glen Innes
Interest.co.nz, March 20, 2015
The Government's flagship project with Auckland Council to redevelop state houses and Crown land at Glen Innes in Auckland and substantially increase the supply of affordable housing is struggling to make fast progress.
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The rural property market remains buoyant with dairy farm prices particularly strong
Interest.co.nz, March 20, 2015
Dairy farm prices appear to have risen significantly last month, with the REINZ Dairy Farm Price Index for the three months to February being up 4.5% compared to the three months to January.
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Latest commercial property sales and leasing
National Business Review, March 20, 2015
A selection of the latest commercial sales and leasing deals conducted by Bayleys over the past week.
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Farm sales down but prices remain high
Stuff.co.nz, March 19, 2015
Farm sales dropped 13 per cent last month but prices were significantly higher than a year ago.
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Auckland housing shortage to continue despite reforms: MBIE
Stuff.co.nz, March 19, 2015
Auckland's housing shortage is likely to persist for at least another five to 10 years, and the Government has been warned that developers, not home buyers, will benefit from recent changes.
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Critics pan CERA artist’s narrow vision of inner-city living
National Business Review, March 19, 2015
A Canterbury Earthquake Recovery Authority inner-city living campaign has been criticised as too ethnically narrow.
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Growth data shows underlying economic strength
National Business Review, March 19, 2015
Economic growth jumped 3.3% over 2014, slightly ahead of expectations.
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Sweet summer helps Wellington shatter records
Stuff.co.nz, March 19, 2015
Wellington may be renowned for being wet and windy but it looks set to become a holiday destination after a record breaking summer for tourism.
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Riccarton Racecourse Reserve: 200 homes must be under $450k
The Press, March 19, 2015
A new Riccarton housing development in will have at least a third of its homes priced below $450,000, it has been announced.
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Inside Money: House prices weaken as global property trends converge - survey
New Zealand Herald, March 19, 2015
New Zealand has zero affordable housing markets, according to the '11th Annual Demographia International Housing Affordability Survey'. Affordability must be in the eye of the beholder, however, because in spite of Demographia's charts and tables, Kiwis keep on buying houses.
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Economy grew 3.3pc last year - best since financial crisis
New Zealand Herald, March 19, 2015
New Zealand's economy grew 0.8 per cent in the last three months of 2014, led by retail and accommodation, Statistics New Zealand said today.
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David Hargreaves says it is time to stop pretending that the Auckland housing demand problem can be fixed by nationally-focused initiatives
Interest.co.nz, March 19, 2015
It is time to call a spade a spade, or in fact, an Auckland housing problem an Auckland housing problem.
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Potential for big fall in NZ property prices still concerns S&P
Interest.co.nz, March 19, 2015
A sharp fall in property prices remains a key risk facing the New Zealand banking sector, Standard & Poor's says.
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PM says no housing crisis in Auckland; says Govt 'getting on top of it' despite MBIE analysis showing measures not improving 20k shortage
Interest.co.nz, March 19, 2015
Prime Minister John Key has denied there is a housing crisis in Auckland and has said the Government is "getting on top of the problem,| despite his own officials saying the measures taken by the Government are not solving a housing shortage of over 20,000 homes in New Zealand's biggest city.
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Plans for highly anticipated Countdown announced
Stuff.co.nz, March 18, 2015
Sixty new jobs are being created at a Countdown supermarket on Waiheke island in Auckland that will be 2 ½ times the size of the old one.
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Lyttelton's SuperValue, Wunderbar site for sale
The Press, March 18, 2015
One of Lyttelton's biggest commercial properties has been put up for sale after a long repair process.
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Rents on Trade Me Property dropped back slightly in Auckland and Wellington in February but were flat in Canterbury
Interest.co.nz, March 18, 2015
Asking rents for homes advertised on Trade Me Property dipped slightly last month compared with January but remained well up on a year earlier.
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Strong building sector tipped to keep economy growing
Stuff.co.nz, March 18, 2015
The economy is expected to keep growing solidly in the next two years, supported by a strong home building sector, according to latest consensus forecasts.
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Finance Minister warns Auckland rents and rising house prices a concern for Government; says RBNZ has tools to address interest-only loans to landlords
Interest.co.nz, March 18, 2015
Finance Minister Bill English has warned he is concerned about the fiscal and wider economic risks from an acceleration in rents and house prices in Auckland.
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Taupo Motorsport Park suitor rebuffed – for now
National Business Review, March 18, 2015
Indebted Taupo Motorsport Park will be sold via international tender, according to one of its new directors, Chris Abbot.
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Govt continues to work on housing supply
3News, March 17, 2015
The government is continuing to work on increasing the supply of housing to deal with rising house prices.
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McKenna helps Housing NZ
New Zealand Herald, March 17, 2015
Former high-flying multibillion-dollar developer Nigel McKenna is working on Auckland's big state house overhaul.
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Anne Gibson: $220m of new work planned
New Zealand Herald, March 17, 2015
Auckland's rapidly expanding economy has prompted the city's biggest private developer to announce $220 million of new work.
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Mansons unveils $220m of new Auckland buildings
New Zealand Herald, March 17, 2015
New Zealand's biggest private property developer, Mansons TCLM, is planning three big new Auckland office blocks worth $220 million.
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Waikato Fed Farmers calls for debate on dairy conversion moratorium; Greens call for Landcorp to stop conversions; PM backs Fed Farmers' efforts
Interest.co.nz, March 17, 2015
The debate over whether parts of New Zealand have hit 'peak dairy' and require moratoriums on conversions has flared again from an unlikely source.
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Homeowners receive mixed benefits as EQC settles land claims
National Business Review, March 17, 2015
EQC is about to begin settling 9600 claims for Canterbury owners of homes with “increased flood vulnerability” caused by the 2011 earthquakes.
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Marlborough set for building boom
Stuff.co.nz, March 16, 2015
The value of building consents in Marlborough was up more than $7 million last month compared with February 2014.
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Odyssey to New Lynn leaves Mt Eden base for sale
New Zealand Herald, March 16, 2015
Following its purchase of a new community base in New Lynn, national addiction treatment provider Odyssey is selling its Mt Eden based administration office and a leased residential building.
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Massey University puts huge campus up for sale
New Zealand Herald, March 16, 2015
Massey University is selling its huge 10 hectare Hokowhitu campus in Palmerston North encompassing 20 buildings that include a range of education blocks, halls, administration offices, library, and sporting amenities.
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Great Barrier's 'makeshift surgeon' selling $2m waterfront holiday home
New Zealand Herald, March 16, 2015
Jim Cleland has performed makeshift surgery on his Great Barrier Island dining room table, cured gout, dealt with amputated fingers and treated severe poisoning after a patient ate a toxic plant.
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Property syndicates can offer high returns but investors need to be mindful of their upfront costs as well
Interest.co.nz, March 16, 2015
Augusta Funds Management has launched its latest property syndicate, the Southgate Retail Centre at Takanini in south Auckland.
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Flats in Papakura fetched $1.07 million and a bach at Muriwai went for $400,000 at the latest Bayleys auctions
Interest.co.nz, March 16, 2015
A block of three home units in Papakura that sold for $1.07 million, a large bach on an 864 square metre section in Muriwai that fetched $400,000, and a do up in Sandringham that went for $1.44 million, were some of the highlights at Bayleys' Auckland residential auctions this week.
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Bernard Hickey says everyone thinks Graeme Wheeler is afraid of cutting rates because it would pour petrol on the fire in Auckland's housing market. Everyone, it turns out, except Graeme Wheeler
Interest.co.nz, March 16, 2015
For months politicians and economists have looked at Reserve Bank Governor Graeme Wheeler as if he was a potential arsonist in the Auckland housing market, having the ability to pour petrol on the fire with rate cuts.
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Willis Bond moves as bids assessed for new blocks
National Business Review, March 16, 2015
One of Auckland’s Hobsonville developers, Willis Bond & Co, says high demand means it is releasing 28 more homes “off the plans”.
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Three keys to unlocking a good year
National Business Review, March 16, 2015
Get ready for a big year ahead in the commercial and industrial property market. That’s the message from Bayleys’ national director of commercial real estate, John Church.
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Waikato expansion likely for Open Country Dairy
Stuff.co.nz, March 13, 2015
Open Country Dairy's next decision on processing expansion is close, as a waiting list of more than 500 farmers press to supply.
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Wine helps to boost Marlborough's GDP by $213m
Stuff.co.nz, March 13, 2015
Marlborough's gross domestic product has increased by $213 million, thanks to the region's thriving wine industry.
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Super City's 10-year budget: Hefty rates increases + interactive
New Zealand Herald, March 13, 2015
The prospect of hefty rates increases are going down like a lead balloon in feedback on the new 10-year budget.
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NZ's most expensive state house sold to local iwi
New Zealand Herald, March 13, 2015
The country's most expensive state house is being sold to local iwi, almost three years after a tenant was turfed out for benefit fraud.
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Super City 10-year budget: Elderly 'struggle' with Auckland rates rises
New Zealand Herald, March 13, 2015
A general tax and grandfathering rates for the elderly are among suggestions from Grey Power to take the sting out of hefty rates rises in a new 10-year budget for the Super City.
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Latest commercial property sales and leasing
National Business Review, March 13, 2015
A selection of the latest commercial property sales and leasing deals from the past week.
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Property sales surge in February
New Zealand Herald, March 12, 2015
More properties were sold last month than during any February since the last property boom of 2007, latest figures from the Real Estate Institute of New Zealand show.
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Historic theatre to be brought back to former glory
National Business Review, March 12, 2015
A café and operational foyer will be open in the next few weeks at Auckland’s long-derelict St James Theatre on Queen St.
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House prices rise 3.6% in February, led by a 14% jump in Auckland prices
National Business Review, March 12, 2015
New Zealand residential property prices rose in February, led by Auckland where an under-supply of housing is putting pressure on the market.
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Yields firm below 5% at Bayleys auctions
National Business Review, March 12, 2015
Yields firmed as low as 4.95% at Bayleys’ first big commercial property auctions of the year in Auckland, Hamilton and Wellington.
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Reserve Bank: Lower inflation and interest rates, higher growth on the horizon
National Business Review, March 12, 2015
The Reserve Bank surprised no one this morning by its "no change" official cash rate decision.
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House price expectations rising
National Business Review, March 12, 2015
Average asking prices for houses have gone up more than $1000 every week over the past year, Trade Me Property’s figures show.
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Rich Lister's $140m arcade to open for Xmas 2016
National Business Review, March 11, 2015
Rich Lister Philip Carter’s ambitious $140 million retail development in central Christchurch will be built all at once for opening in October 2016.
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Qb Studios: From warehouse to creative hub
Stuff.co.nz, March 11, 2015
Qb Studios has turned an old Christchurch warehouse into a creative office hub with the use of modular building techniques.
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Big hotel chain planning to expand in NZ
New Zealand Herald, March 11, 2015
An international hotel group is on the lookout for opportunities in New Zealand as the outlook for the sector remains buoyant.
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Govt posts small surplus in as tax take swells
New Zealand Herald, March 11, 2015
The New Zealand government posted a small operating surplus in the seven months through January as tax revenue beat expectations, while costs were smaller than anticipated.
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Manson lease deal for Herald 'one of Auckland's biggest'
National Business Review, March 11, 2015
Nearly 10,000sq m or half the available space in Manson TCLM’s new office building at 151 Victoria Street West in central Auckland has been leased ahead of its completion.
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Interest-free finance for buyers of new Grafton apartments
National Business Review, March 11, 2015
Developers of a new Auckland apartment block are building without pre-sales and offering 15% interest-free 10-year vendor finance to owner-occupiers.
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First stage of marina at Kaiuma
National Business Review, March 11, 2015
The owners of Kaiuma Park Estate in the Marlborough Sounds are going ahead with the first stages of a 95-berth marina.
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Hawkins set to tender on large projects
Stuff.co.nz, March 10, 2015
Construction company Hawkins Group is ramping up for Christchurch's major rebuild projects including a $284 million convention centre and a $350m hospital redevelopment.
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John Key says inflation rate is too low
Stuff.co.nz, March 10, 2015
Prime Minister John Key has sent a shot across Reserve Bank governor Graeme Wheeler's bows, effectively warning him not to keep interest rates unjustifiably high as inflation heads lower.
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$10m makeover gets under way for Stamford Plaza
New Zealand Herald, March 10, 2015
Singaporean management chain Stamford Hotels and Resorts is spending $10 million refurbishing its Auckland property in the hotel's most expensive makeover.
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2016 date for start on NDG skyscraper
New Zealand Herald, March 10, 2015
Construction work on New Zealand's second-tallest building will start next year.
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Property: Older, smaller buildings preferred
New Zealand Herald, March 10, 2015
Instagram and Flickr show people prefer older, smaller buildings to modern buildings, says a leading authority on the economics of heritage.
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Inside Money: Pavs and savs - what Australia and NZ have in common with housing
New Zealand Herald, March 10, 2015
Barely days after the Reserve Bank of New Zealand (RBNZ) proposed a crackdown on lending to property investors, the Aussies have latched on to the idea.
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Auckland's economy booming - strong immigration, employment and more tourists
New Zealand Herald, March 10, 2015
Auckland's economy is expanding quickly with strong immigration, employment, wage growth and tourist arrivals.
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Canadian designer for racing club development
National Business Review, March 10, 2015
The design and planning for Alexandra Park’s $200 million Epsom urban village development has gone to a Vancouver-based company, Civitas.
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Reclamation off the agenda until Unitary Plan finalised
National Business Review, March 10, 2015
After weeks of speculation over Ports of Auckland’s harbour reclamation plans, the company says it is happy with Auckland Council’s position on port zoning and will not be applying for any resource consents until the unitary plan is operative.
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Property Institute wants Reserve Bank to leave market alone
3News, March 9, 2015
The Property Institute is concerned about the Reserve Bank's latest proposal to curb the Auckland housing market.
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ANZ economists see planned new RBNZ housing investment rules affecting 'huge number' of properties and having a 'marked' impact on lending
Interest.co.nz, March 9, 2015
ANZ economists say proposed new Reserve Bank rules applying to residential property investors could effect a "huge number" of properties and have a marked impact on overall lending.
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Would you buy your first home with the help of your mates?
TVNZ, March 9, 2015
Our First Home property experts say there’s “a real mixup” of people combining incomes to put a deposit down on a house.
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Red meat sector at crossroads
Stuff.co.nz, March 9, 2015
The next year is crunch time for the red meat sector, with farms that have been in families for generations poised to be lost to foreigners and dairy farming, say the publishers of a no-holds-barred report they hope will put a rocket under industry structure reform.
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New beds on way as Wellington hotels fill up quick
Stuff.co.nz, March 9, 2015
Wellington hotels are enjoying a hot summer with full houses for big events, and a Singaporean investor is making an estimated $20 million bet on the city, buying the former Kingsgate Hotel.
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Albany unit has appeal for variety of buyers
New Zealand Herald, March 9, 2015
A partially occupied two-level commercial property in Triton Drive in the Interplex Business Park in Albany is for sale and lease offering an opportunity for tenants, owner occupiers or investors.
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Ponsonby site moving ahead
New Zealand Herald, March 9, 2015
Construction of Ponsonby's new $220 million Vinegar Lane and Cider Building projects is well under way.
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Property market: Mortgagee sales tumble as New Zealand's economy grows
New Zealand Herald, March 9, 2015
Fewer Kiwi homeowners are being forced to sell their houses as the economy grows.
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Property report: Room for landlords to move
New Zealand Herald, March 9, 2015
Should rents in Auckland be higher? Tenants will balk at the thought. But statistics suggest that there may be room for more upward movement.
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Property report: Housing crisis continues
New Zealand Herald, March 9, 2015
Since the turn of the century, various reports have illustrated how the number of new homes being built in Auckland has not kept up with demand, which has in turn pushed prices up.
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OCR expected to hold at 3.5%
New Zealand Herald, March 9, 2015
The Reserve Bank is expected to keep the official cash rate unchanged at 3.5 per cent on Thursday and to repeat its guidance in January that it expects to keep the OCR on hold for some time and that the next move could be either up or down.
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Lush Queen St shop sells for $57,678 a square metre, gives new owners a 4.95% net yield
Interest.co.nz, March 9, 2015
Twenty nine commercial properties went under the hammer at Bayleys Greater Auckland Commercial Auction this week, with 17 of them selling on the day.
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Mt Wellington home unit fetches $410k and two bedroom Mt Eden border cottage goes for $1.32m at latest Bayleys auctions
Interest.co.nz, March 9, 2015
Prices at Bayleys latest round of Auckland residential property auctions ranged from $410,000 for a classic two bedroom, "clean and tidy" upstairs home unit with a carport in Mt Wellington, to $2.315 million for a fully renovated four bedroom villa in Freemans Bay.
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More crown land development, Inflation-adjusted mortgages, state-funded infrastructure, curbed migration settings and higher rates on undeveloped land have been suggested by officials
Interest.co.nz, March 9, 2015
Measures including greater development of crown land, limits on migration, inflation-adjusted mortgages, rate hikes on undeveloped land and state-funded housing infrastructure have been put to the Government by officials as potential ways of tackling Auckland's pressured housing market.
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Tourism business sales breathe life into sector
National Business Review, March 9, 2015
Tourism Properties is boasting a brace of sales as the sector comes out of the doldrums.
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Jarvis sells King Avocado
National Business Review, March 9, 2015
A UK buyer has acquired a 159ha Northland avocado property for an undisclosed sum.
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St James apartment sales gallop ahead with little promotion
National Business Review, March 9, 2015
More than 170 apartments in Auckland’s mid-city St James Theatre development have been sold but it's not enough yet to trigger bank funding for the $175 million 39-storey tower.
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Apartment conversions squeeze office vacancy levels
National Business Review, March 9, 2015
A combination of a strengthening leasing market and a multitude of significant conversion projects has resulted in a sharp fall in office vacancy levels across the Auckland City fringe business precincts, according to one of the city’s leading real estate agencies.
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Auckland Housing Accord on track: Government
Stuff.co.nz, March 5, 2015
The Government and Auckland Council say they are on track with their plan to ease Auckland's housing shortage.
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Auckland property market: More houses being built but is it helping?
New Zealand Herald, March 5, 2015
Building activity has reached its strongest growth rate in almost 15 years and is up sharply in the latest quarter, but critics say it is still not helping relieve Auckland's housing crisis.
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Rents spike in South and West Auckland
Interest.co.nz, March 5, 2015
The cost of renting a house in South or West Auckland has increased at double the rate of the cost throughout the rest of the country over the last year.
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Smith says Govt planning new regulatory intervention in Auckland; says tough decisions needed on Heritage overlays restricting supply
Interest.co.nz, March 5, 2015
Building and Housing Minister Nick Smith has flagged new unspecified regulatory interventions in Auckland's housing market to ramp up supply.
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Auckland quality of life 3rd best in world: Mercer
Stuff.co.nz, March 4, 2015
Auckland's quality of life has again rated among the best in the world in a survey by recruitment consultancy Mercer.
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Brent Sheather: Matters residential
New Zealand Herald, March 4, 2015
The biggest investment most retail investors will make is in the residential property market but research into historic performance, volatility, price discovery, etc in this area is not extensive.
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Matthew Gilligan relates a case study comparing investment returns in Auckland's Otara and Remuera - with surprising results
Interest.co.nz, March 4, 2015
A property investor, looking at investing in the Auckland market, has been told by his parents that he should ‘buy the worst house in the best area, and only invest where he would be comfortable with having his tenants over to dinner’.
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Residential building activity rises 4.3% in fourth quarter, driven by Canterbury
National Business Review, March 4, 2015
New Zealand residential building activity rose for the first time in three quarters in the final three months of 2014, led by earthquake-related rebuilding work in Canterbury.
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Whenuapai first of many residential plan changes expected this year
National Business Review, March 4, 2015
The country’s first concurrent plan variation and qualifying development consent has been issued by Auckland Council in 101 days for 650 new homes at Whenuapai Village.
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Fonterra GlobalDairyTrade prices creep higher
Stuff.co.nz, March 4, 2015
Prices at Fonterra's global dairy trade (GDT) auction have crept higher again, but volumes sold continued to fall.
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Normans more than double stake in Warehouse
New Zealand Herald, March 4, 2015
James Pascoe, the owner of Farmers and Whitcoulls, has more than doubled its shareholding in The Warehouse Group to 16.4 per cent after snapping up Aussie supermarket operator Woolworths' stake in New Zealand's biggest listed retailer.
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Hot property: Auckland values soar but warnings not to sell off-plan too soon
New Zealand Herald, March 4, 2015
Auckland house values are up by 43.8 per cent on the last boom in 2007 - but a valuer is warning that off-the-plan buyers are not always recovering their money if they sell too soon.
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Goodman to spend $28m on three new developments
National Business Review, March 4, 2015
Goodman Property Trust [NZX: GMT], New Zealand's largest listed property investor by market value, will spend $28 million on two new industrial plants and an office building at its Highbrook Business Park.
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Hotel room rates surge
National Business Review, March 4, 2015
Hotel room rates across the country rose 5% last year.
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SUBSCRIBER-ONLY POLL RESULT: Should Wheeler follow Australia and cut interest rates?
National Business Review, March 4, 2015
NBR poll participants think Reserve Bank governor Graeme Wheeler should be looking west for guidance and following the Australian Reserve Bank’s lead by cutting interest rates.
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Developers want clearer explanations of development contributions methodology
National Business Review, March 4, 2015
Auckland Council’s collection of $55 million in development and financial contributions in the first half of its financial year is expected to triple or quadruple over the next two to five years as houses in Special Housing Area-designated developments come on stream.
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Migrant influx will be housed, says Key
Stuff.co.nz, March 3, 2015
Immmigration is set to hit record levels, pushing up house prices over the coming year, but Prime Minister John Key believes immigrants' skills are needed and enough houses are "in the pipeline" in Auckland to meet the influx.
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Auckland property prices up 13pc: QV
Stuff.co.nz, March 3, 2015
New Zealand's national residential property values have risen 6.4 per cent in the past year, while the Auckland market has risen 13 per cent in that period, QV said today.
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Precinct's $550m tower plan queried
New Zealand Herald, March 3, 2015
Questions have been raised about Precinct Properties' planned $550 million 35-level Auckland tower.
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eHome to finish building houses in receivership
New Zealand Herald, March 3, 2015
The country's biggest off-site house manufacturer, now in receivership, is finishing the work it started at New Zealand's most advanced special housing area.
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KiwiSaver: Govt says law change on track for first home buyers
New Zealand Herald, March 3, 2015
In the heat of the election campaign the National Party announced some modifications to KiwiSaver to help first-home buyers pull together a deposit.
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Migration gain, with students from India significant, having more subdued impact on house prices than in previous immigration boom
Interest.co.nz, March 3, 2015
This special topic examines the composition of the current migration cycle using disaggregated permanent and long term (PLT) migration data and its impact on the macro economy.
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'Buy now,' Property Institute says
National Business Review, March 3, 2015
The Property Institute is encouraging retirees to invest their nest egg in property – even as some pundits warn of an inflated property bubble.
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Open for business: Main Beach Takapuna
National Business Review, March 3, 2015
Tenants in a new development called Main Beach Takapuna have opened for business in recent weeks.
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Plans for Auckland ports confused and lacking detail
National Business Review, March 3, 2015
A possible three hectare reclamation by Ports of Auckland will be equal to 50 average size 600m2 sections.
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Aussies could force Reserve Bank to follow
National Business Review, March 3, 2015
Interest rate cuts today from the Reserve Bank of Australia could force Reserve Bank Graeme Wheeler to follow suit.
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Morton Estate vineyard bought by Lion
Stuff.co.nz, March 2, 2015
The vineyard associated with well-known wine label Morton Estate has been snapped up by Lion Beer, Spirits and Wines' New Zealand arm.
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Flurry of CBD sales nears $45 million
New Zealand Herald, March 2, 2015
A flurry of sales in central Auckland totalling close to $45 million and encompassing both freehold and leasehold properties have been concluded recently by Bayleys Real Estate.
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Saw-tooth units offer bite sized tenancies
New Zealand Herald, March 2, 2015
An industrial building in Morningside is being renovated and upgraded to provide a mix of character office, showroom and warehouse business accommodation aimed at smaller to medium sized tenants.
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Bernard Hickey: Blame it all on Basel
New Zealand Herald, March 2, 2015
Why are house prices so ruinously high in New Zealand? Is it too much migration or too few controls on foreign buying?
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Consumer Watch: Good rent deal harder to get
New Zealand Herald, March 2, 2015
Soaring house prices and tighter lending rules mean ever-increasing numbers of New Zealanders are becoming long-term renters.
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A one bedroom unit with carport fetched $395,000 while a St Mary's Bay house went for $4.275 million - see the full results of Bayleys latest auctions
Interest.co.nz, March 2, 2015
If you had $400,000 to spend at Bayleys latest Auckland residential property auction you could have picked up a one bedroom unit with a carport in Ellerslie, or a 56 square metre apartment in town, but apart from that, most of the 82 properties that Bayleys put under the hammer this week would have been out of your price range.
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The home loan market is set up for an intense bout of competition. Low rates and slow-growing mortgage books putting pressure on all banks to 'grow'
Interest.co.nz, March 2, 2015
March is usually when the most real estate deals are done. And that means banks are ready with their most competitive offers.
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Retirement sector adds to landbanks to meet rising baby boomer demand
National Business Review, March 2, 2015
The exponential growth of the retirement village and aged care sector across New Zealand is one of the major trends dictating the buyup of large development sites across the country according to leading property agency, Bayleys.
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Housing: national and Auckland asking prices hit new records
National Business Review, March 2, 2015
The average asking price of homes for sale in New Zealand during February was $511,421 according to the latest monthly data from Realestate.co.nz, marking the first time that sellers’ expectations have pushed the asking price above the half million dollar threshold.
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April 30 deadline for revised convention centre design
National Business Review, March 2, 2015
The deadline for approval of a revised design for SkCity [NZX: SKC] Entertainment Group's international convention centre in Auckland has been set at April 30.
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Waterfront tower includes 'a new type of retail'
3News, February 27, 2015
Listed company Precinct Properties has been in the news lately, after announcing an annual profit of $31.6 million and an ambitious 36-level building project in downtown Auckland.
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Apartments go up as house consents fall
Stuff.co.nz, February 27, 2015
House building plans took a step backwards in January, down 7.5 per cent in the month, excluding apartments.
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Migration swamps housing
Stuff.co.nz, February 27, 2015
The impact of record migration will be "explosive and huge" when Auckland house prices are already going "gangbusters", according to leading economist Shamubeel Eaqub.
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Council boots out attempt to toughen up rules on harbour reclamation
National Business Review, February 27, 2015
Auckland Council has decided not to block Ports of Auckland's reclamation plan.
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Labour backs Abbott’s foreign home buying restriction plan
National Business Review, February 27, 2015
Concerns over wealthy foreign investors putting homes out of reach for Australians has triggered a plan to make it harder for foreigners to buy property in Australia.
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English rules out 'poll tax' on Chinese house buyers
National Business Review, February 27, 2015
Finance Minister Bill English has ruled out the return of a Chinese poll tax.
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Rugby club scores its own dairy farm
Stuff.co.nz, February 26, 2015
A proud Taranaki rugby club has become possibly the first in the country to own its own dairy farm.
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Bill English says government to add about 5,000 houses in Auckland's Tāmaki over next decade
Interest.co.nz, February 26, 2015
Finance Minister Bill English has announced the Government is looking at ramping up the activity of the Tamaki Redevelopment Company (TRC) to build a net new 5,000 homes over the next decade. He foreshadowed a significant funding announcement in coming weeks to support the ramp up in development.
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Editor's Insight: Talking sense about Auckland's housing 'crisis'
National Business Review, February 26, 2015
Australian politicians and commentators are paying a lot more attention lately to New Zealand.
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Finance Minister says calls for densification as popular in Auckland as Ebola
National Business Review, February 26, 2015
Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland's housing were "about as popular in parts of Auckland as Ebola" would be.
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Chinese property mogul tours NZ in private jet
3News, February 26, 2015
A private jet belonging to one of China's richest property tycoons has been touring New Zealand with a delegation likely to be scoping out investments.
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Billionaire and friends hosted by winery
Stuff.co.nz, February 26, 2015
A Russian billionaire, who owns a $430 million super-yacht that anchored in the Marlborough Sounds last week, spent most of his day in the region sipping wine at world-renowned winery Cloudy Bay.
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Auckland property market still strong - economist + video
New Zealand Herald, February 26, 2015
Rents and prices in Christchurch's previously booming housing market are flattening but a leading economist doubts Auckland will follow.
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Labour suggests PM Key takes a leaf out of Abbott's book when it comes to regulating foreign investment
Interest.co.nz, February 26, 2015
The Australian Government has announced plans to impose fees on foreign nationals applying to buy homes, commercial properties, businesses and farms, and fines on those who break the rules.
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Net population gain from migration hits new record of 53,800 in year to January, more than double the previous 12 month figure
Interest.co.nz, February 26, 2015
New Zealand's net population gain from migration hit a new all time monthly high of 6692 people in January, surpassing the previously monthly record of 6692 in February 2003.
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Auckland inner-city height restrictions weighing on supply - Wheeler
National Business Review, February 26, 2015
New Zealand's government has taken a number of good steps to improve housing supply in Auckland, where prices have soared on a lack of new stock, but could take a look at height restrictions in the inner-city to address the shortfall, according to Reserve Bank governor Graeme Wheeler.
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RCG launches new apartment tracker
National Business Review, February 26, 2015
Some 977 apartments or terrace houses have been completed in Auckland since 2012, with another 2462 under construction and 2410 in the pre-sales and marketing phase.
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Precinct on Auckland's Downtown – 'a mall like no other'
National Business Review, February 26, 2015
Property boss Scott Pritchard is talking up his latest project – a mall that he says will make customers feel as if they are outside.
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Party time for buyer of Waikato business
New Zealand Herald, February 25, 2015
Waikato's biggest party and events hire business based at Te Rapa near Hamilton and with a trading legacy of 27 years is up for sale.
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New $550m downtown tower for Auckland unveiled; City Rail Link on track
New Zealand Herald, February 25, 2015
NZX giant listed landlord Precinct Properties has announced details of its $550 million Downtown skyscraper for Auckland's CBD and a deal to pay Auckland Council $27.2 million for part of Queen Elizabeth Square.
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Nimby Auckland needs to address height restrictions - Wheeler
New Zealand Herald, February 25, 2015
Building height restrictions and NIMBY attitudes in inner Auckland are standing in the way of an adequate supply-side response to Auckland's housing shortage, Reserve Bank governor Graeme Wheeler suggested today.
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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
Interest.co.nz, February 25, 2015
For those people who have ever built a house, extended their current home or even added a garage there is a high likelihood they’ve had to wade through the resource consent process.
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A fall in prices and interest rates saw housing affordability improve an overall 4% in January - AMP360 Home Loan Affordability Report
Interest.co.nz, February 25, 2015
Home loan affordability improved by 4% last month compared with December, according to the latest AMP360 Home Loan Affordability Report.
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Bank bosses air concerns about foreigners pushing NZ asset prices too high, and they're also worried about house price inflation
Interest.co.nz, February 25, 2015
Bank bosses have, perhaps inadvertently, waded into the debates about foreigners buying up New Zealand assets and Auckland's surging house prices.
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Ambitious Wesley College village development a step nearer
National Business Review, February 25, 2015
More than $2 million down the track and Wesley College Trust Board is expecting a zoning change before October for its $1 billion plus housing village.
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Precinct first half earnings rise 10% on improved occupancy, raising $174.1m
National Business Review, February 25, 2015
Precinct Properties New Zealand [NZX: PCT], which has been rebalancing its portfolio to Auckland, reported a 10 percent gain in first-half earnings on better occupancy rates at its buildings and will raise $174.1 million to fund a major development programme in the country's biggest city.
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Details of City Rail Link deal emerge
National Business Review, February 25, 2015
Precinct Properties’ [NZX: PCT] deal with Auckland Council over its City Rail link has been detailed in interim results posted today.
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Details of new Canterbury storage lake unveiled
Stuff.co.nz, February 24, 2015
A man-made lake that could hold enough water to fill 12,000 Olympic-sized swimming pools is planned to supply more reliable irrigation in Canterbury.
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Green Party: SkyCity will make $27 million on convention centre by 2017
New Zealand Herald, February 24, 2015
SkyCity will have made $27 million out of the convention centre deal by 2017 without even turning the first sod.
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Australia tightens up on foreign land buys
New Zealand Herald, February 24, 2015
Australia has tightened the rules on foreign purchases of agricultural land and has reduced the ownership screening threshold to A$15 million from A$252 million, from March 1.
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Fletcher spending on land rises as region's housing market booms
New Zealand Herald, February 24, 2015
Fletcher Building spent $57 million on land in the latest half year, well up on the $28 million it spent in the last full year.
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Summerset profits surge 58pc
New Zealand Herald, February 24, 2015
New Zealand's third largest listed retirement specialist, Summerset Group, increased net profit after tax by 58 per cent, from $34 million to $54.2 million and remains in a big expansion phase.
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Reconstruction underway on just 7 of 154 'complex' multi-unit Canterbury buildings 4 years after biggest earthquake
Interest.co.nz, February 24, 2015
The queue of Cantabrians waiting to have their 2010-11 earthquake claims settled is getting shorter, but not quickly.
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Professor Ang says China is considering reforms to free up investment, but warns that fewer entry barriers can only mean more intense competition
Interest.co.nz, February 24, 2015
Many aspects of structural reforms in China over the last year or so have hit foreign multinational corporations hard.
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Online building consents cost ratepayers a bundle
National Business Review, February 24, 2015
Auckland Council is finally catching up with other local bodies around the country and putting its building consent application forms online but at a huge cost to ratepayers.
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Scentre Group to sell remaining four 100%-owned shopping malls in NZ
National Business Review, February 24, 2015
Scentre Group, the Australasian shopping centre owner, is selling its four remaining 100 percent-owned shopping centres in New Zealand. The move follows its $2.1 billion deal, announced in November, to sell 49 per cent sale of its other five Westfield malls to the Singaporean Government Investment Corporation.
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Maori agribusiness on the brink of 'enormous growth'
Stuff.co.nz, February 23, 2015
PKW's new livestock company allows the large Taranaki Maori farming operation to further integrate the various arms of its business.
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New portfolio features suburban shops
New Zealand Herald, February 23, 2015
A corner block of four suburban shops in Mt Roskill and two retail properties with frontages to Great North Road in central Henderson are among over 30 commercial and industrial properties in Bayleys' Greater Auckland portfolio which will go up for auction on March 4.
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Marketing New Zealand properties to Asia and Australia
New Zealand Herald, February 23, 2015
Expecting strong offshore interest in New Zealand's commercial and industrial property to continue this year, Bayleys will be resuming regular visits to major cities throughout South East Asia and to Australia as well as pursuing a number of overseas marketing initiatives.
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Ponsonby split risk retail and apartment building
New Zealand Herald, February 23, 2015
A Mixed Use Ponsonby property that has been owned and operated by two generations of a family business is up for sale for the first time in 70 years offering an add value opportunity for an investor or owner occupier.
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Garden cafe on Hauraki cycle trail for sale
New Zealand Herald, February 23, 2015
The owners of a burgeoning hospitality business and home situated in the middle of one of New Zealand's most popular cycle tracks have placed it on the market for sale to cash up their investment in a booming tourism market.
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Green thumb not needed for Capsicum business
New Zealand Herald, February 23, 2015
A successful capsicum growing business encompassing 3.2 hectares of flat land, glasshouse and a homestead is for sale on the Hauraki Plains south of Auckland.
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Deposit rule needs review
New Zealand Herald, February 23, 2015
The Reserve Bank's LVR rule, which requires residential home buyers to have a 20 per cent cash deposit, is hitting first-time buyers hard. How are our twentysomethings expected to save the $100,000 they would need to put down on a $500,000 home?
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Government grant for house firm that later failed
New Zealand Herald, February 23, 2015
New Zealand's biggest off-site housing manufacturer, which owes creditors $17.5 million, received a $287,500 Government grant before Prime Minister John Key opened its Kumeu factory.
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Surge in KiwiSaver withdrawals for first home-buyers
New Zealand Herald, February 23, 2015
Mortgage lenders have noticed an upswing in the number of people withdrawing money from KiwiSaver for a first home.
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Liam Dann: Year of the Sheep needs wise shepherds
New Zealand Herald, February 23, 2015
Happy Chinese New Year. Welcome to the year of the Sheep, or Ram, or Goat.
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Houses sell for under $1m in Devonport, nudge $2m in Grey Lynn and fetch $500,000 in Huia at latest auctions
Interest.co.nz, February 23, 2015
Of the seven North Shore homes which Bayleys sold at auction this week, only two sold for less than $1 million and both of them were in Devonport.
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Insurer AIA introduces rent insurance as home ownership numbers decline
Interest.co.nz, February 23, 2015
Insurance heavyweight, AIA New Zealand, is today launching a policy targeted at the increasing number of people living in rental properties.
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Sell port or get on with expansion
National Business Review, February 23, 2015
Northern Employers and Manufacturers Association (EMA) says if Auckland Council wants to stymie the port’s expansion, it should sell it.
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Offshore money in search of a good home
National Business Review, February 23, 2015
Investors seeking global diversification for their property portfolios are increasingly seeing New Zealand as an attractive investment option.
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Shanghai Pengxin aims to double its NZ farm assets
TVNZ, February 20, 2015
The New Zealand farm group arm of the Shanghai Pengxin Group owned by Chinese billionaire Jiang Zhoabai says it plans to double its $500 million of local assets within the next five years.
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Lamb and ewe prices lift at Canterbury sales
Stuff.co.nz, February 20, 2015
Lamb and ewe prices lifted at livestock sales at Canterbury Agricultural Park, in Christchurch, this week.
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Marlborough vineyards cry out for water
Stuff.co.nz, February 20, 2015
Millions of litres of water is being delivered to distressed vineyard owners, as the dry Marlborough conditions begin to take a toll on vines.
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Auckland Airport first-half profit up 8pc despite fewer planes
Stuff.co.nz, February 20, 2015
Auckland International Airport has lifted its profit guidance after a strong first half year, with more passengers moving through its gates despite fewer aircraft.
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Commissioner warns property owners that banks and insurers are focusing more on risks of rising sea levels; LIM warnings possible; Maps being drawn up
Interest.co.nz, February 20, 2015
As both insurance companies and banks turn their attention to the potential for coastal flooding and erosion to carve chunks off property values, a report coming out later this year will for the first time detail the projected effect of rising sea levels along specific areas of the entire New Zealand coastline, revealed the Parliamentary Commissioner for the Environment.
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Asking rents on Trade Me Property are up 9% compared with a year ago
Interest.co.nz, February 20, 2015
Asking rents for homes listed for rent on Trade Me Property increased by 9% in the year to January.
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Latest commercial property sales and leasing
National Business Review, February 20, 2015
A selection of the latest commercial deals this month.
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$10.5m undeveloped land dispute settled
National Business Review, February 20, 2015
The liquidator of a company alleged to have been created to avoid tax has settled a dispute with the company it transacted with.
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Population growing in all New Zealand regions: Statistics NZ
New Zealand Herald, February 19, 2015
All regions of New Zealand are expected to see an increase in population over the next 13 years, Statistics New Zealand says.
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Apartments in Tawera Group's conversion of the former Baycorp office building sell out 6 months ahead of completion
Interest.co.nz, February 19, 2015
All 91 apartments have been sold six months ahead of completion in Tawera Group's conversion of the former Baycorp office tower on Hopetoun St on the fringe of Auckland's CBD.
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Construction giant Fletcher Building spends a further $57 million on land purchases for housing development; sees future profits from housing as much higher
Interest.co.nz, February 19, 2015
Construction giant Fletcher Building has been splashing the cash as it accumulates what its managing director Mark Adamson is now describing as a "massive land bank", particularly in the Auckland area.
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Dairy farm prices dropped back in the three months to January but the overall rural property market remains firm
Interest.co.nz, February 19, 2015
Horticultural properties were the stand out in the rural property market in the three months to the end of January, but dairy prices eased.
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Drought won’t lead to a rush of farm sales
National Business Review, February 19, 2015
The effects of drought on farm sales sometimes don’t show for years, says Simon Anderson, Bayleys new rural national country manager.
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Infinity to quit Ravenswood, focus on Wanaka
National Business Review, February 19, 2015
Wanaka-based Infinity Group is selling its Ravenswood development north of Christchurch now that it has obtained necessary consents.
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Farm sales ease in recent weeks
National Business Review, February 19, 2015
If the patchy South Island drought is having any affect on farms sales it is dampening the market, based on latest Real Estate Institute figures.
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Silicon Valley vision for Auckland
Stuff.co.nz, February 18, 2015
A vision to transform Auckland's North Shore into New Zealand's Silicon Valley by 2050 is being discussed at a Massey University symposium today.
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From shoebox to luxury: The range of the Auckland apartment market
Stuff.co.nz, February 18, 2015
From shoeboxes to expansive harbour views — apartments are booming in Auckland for both bargain and luxury hunters alike.
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Kirkcaldie & Stains flags October for possible capital return, mulls future of store
National Business Review, February 18, 2015
Kirckcaldie & Stains [NZX: KRK], the unprofitable Wellington department store, is waiting for a new chief executive and the final payment from the buyer of its Harbour City Centre before deciding whether to return the proceeds to shareholders.
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Five tips to home ownership
Stuff.co.nz, February 17, 2015
When buying a house seems a bridge too far, here's what can help you leap the gap.
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News: Space in Evening Post building
New Zealand Herald, February 17, 2015
Part of the fifth level of the well-known former Evening Post newspaper building at 82 Willis St in central Wellington is being offered for sale.
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Industry chief welcomes house factory
New Zealand Herald, February 17, 2015
An industry chief has welcomed the new Matrix house-building factory in Trentham.
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More expect rise in house prices
New Zealand Herald, February 17, 2015
Expectations of house price inflation have jumped, especially in Auckland, ASB's quarterly survey of housing market sentiment has found.
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Property: Small-house prices rising across Auckland
New Zealand Herald, February 17, 2015
The expected price for smaller Auckland homes is continuing to increase, with Trade Me reporting a 26.5 per cent jump for properties of one and two bedrooms over the last year.
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'Snapshot' of NZ life reveals population surge
New Zealand Herald, February 17, 2015
New Zealand's population is growing faster than those in Australia or China, a new "snapshot" into Kiwi life has revealed.
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The drums are beating for another RBNZ macro-prudential tool. Could it be some sort of debt-to-income ratio?
Interest.co.nz, February 17, 2015
The drums are beating for the Reserve Bank to introduce another so-called macro-prudential tool to try and rein in the hot Auckland housing market.
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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
Interest.co.nz, February 17, 2015
We live in a very strange world at the moment. New Zealand's economic and employment growth is rollicking along at over 3% and Auckland house price inflation is accelerating again into the double digits. The median house prices in Manukau and Auckland City were 25% higher in January than a year ago.
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Healthy balance sheet for PFI's annual
National Business Review, February 17, 2015
NZX-listed PFI (Property For Industry) [NZX: PFI] enjoyed a 32% lift in revenues to $63.8 million largely due to its merger with Direct Property Fund a year ago.
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Construction activity seen rebounding after slump
National Business Review, February 17, 2015
New Zealand construction activity is rebounding from a slump during the recession as private sector work picks ups, according to a property consultancy.
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RBNZ: Wheeler puts on his Loan Ranger hat
National Business Review, February 17, 2015
New Zealand’s Loan Ranger, Reserve Bank governor Graeme Wheeler, is saddling up another posse against New Zealand’s house prices.
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Changing residential investment rules needs to go further
National Business Review, February 17, 2015
If the Reserve Bank is talking to individual banks about options for curbing lending to people with five residential properties or more, some kind of classification system needs to be set up.
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PGG Wrightson signs merino wool deal with US sock maker Point6
Stuff.co.nz, February 16, 2015
PGG Wrightson Wool has knitted together a new deal for Kiwi merino farmers, announcing a multi-million dollar contract to supply New Zealand wool to an American sock company.
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SkyCity says revised conference centre still drawcard
Stuff.co.nz, February 16, 2015
The boss of SkyCity Entertainment Group believes costs can be shaved off its international convention centre in Auckland without hurting its ability to draw overseas conferences.
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CBD site with consent for 46 level tower
New Zealand Herald, February 16, 2015
One of a rapidly diminishing number of opportunities to secure a well located high rise development site in Auckland's CBD is available for purchase with a resource consent already in place for a 46 storey residential tower.
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Syndication of big Manukau and Blenheim properties
New Zealand Herald, February 16, 2015
A new property syndication has hit the market involving a large Manukau City office building with an established Crown tenant and a big Mitre 10 Mega retail complex in Blenheim.
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Local strength set to buoy Fletcher result
New Zealand Herald, February 16, 2015
Rising New Zealand commercial and house-building could buoy this week's Fletcher Building result as analysts highlighted domestic activity as a big profit driver.
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Trust on state houses: We won't buy unless they're free
New Zealand Herald, February 16, 2015
A community housing provider has told the Government that it won't buy state houses when they're put up for sale this year unless the price is zero.
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See the full results of Bayleys latest Auckland property auctions, including photos of all homes
Interest.co.nz, February 16, 2015
A couple of vacant residential sections at Greenhithe on Auckland's North Shore were among recent sales at Bayleys auctions, with one of them fetching $670,000 and the other selling prior to auction for $1.75 million.
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Call for law to be tweaked to make it easier for 1st home buyers to access new grant for buying newly-built homes
Interest.co.nz, February 16, 2015
There are fears a fish hook in the law will prevent first home buyers from taking advantage of a Government incentive aimed at getting more people in newly-built homes.
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Oliver Hartwich looks at what NZ ought to do to attract the Ikeas of the world and stop being one of the most expensive places on earth
Interest.co.nz, February 16, 2015
For anyone who has recently travelled abroad, the pleasure of coming home to New Zealand is spoilt by an unpleasant observation. We have become one of the most expensive places on earth.
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The average asking price of homes listed for sale on Trade Me Property slips back below $500,000
Interest.co.nz, February 16, 2015
The average asking price of homes listed for sale on Trade Me Property slipped back below half a million dollars for the first time since October last year in January.
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Matthew Gilligan wants to end the strangulation of Auckland's housing supply and suggests Australian-style solutions
Interest.co.nz, February 16, 2015
House prices have been increasing in Auckland, and this is a hot topic in the media.
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Space invaders gobble up Auckland’s best offices
National Business Review, February 16, 2015
The amount of empty office accommodation within Auckland’s central business district (CBD) has fallen for the fifth consecutive year – reflecting the city’s strong economic performance, according to new research.
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Contentious port resource management application likely to be under way
National Business Review, February 16, 2015
Kensington Swan partner and resource management specialist Nicky McIndoe wouldn’t be surprised if Ports of Auckland is well down the track with a resource management application for Waitemata harbour reclamation.
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Fully valued listed property stocks ready to report
National Business Review, February 16, 2015
A buoyant property market has helped spur listed property trusts’ stock price in the past year, but stakeholders will be looking out for talk on rental growth and valuations this earnings season.
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Thinking of snapping up cheap farmland during drought? Think again
National Business Review, February 16, 2015
Drought over many parts of the country is unlikely to see a sudden rush of farm sales or decline in prices for rural land, according to real estate data.
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Housing: Is cheaper better?
3 News, February 13, 2015
Faster building consent approvals are being used by five group housing companies in Auckland.It's no secret Auckland is in the midst of a housing crisis. Campbell Live has looked at the causes, spoken to the politicians and heard from those excluded from owning a home.
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Saving time and money
National Business Review, February 13, 2015
Faster building consent approvals are being used by five group housing companies in Auckland.
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House sales up despite shortage of listings
Stuff.co.nz, February 13, 2015
There were still some spenders in Palmerston North's property market last month, despite listings being "critically low".
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Auckland's eHome NZ receivers confident of sale
Stuff.co.nz, February 13, 2015
Receivers of Auckland prefab company eHome NZ, which has been involved in many of the city's social housing developments, are confident of a quick sale.
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Home sellers up the ante across Auckland
New Zealand Herald, February 13, 2015
The average asking price for a home in Auckland has reached a new high - with sellers now asking for just over $750,000.
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Peter Clark says investors are turning away from planting trees because public policy has nationalised the environmental benefits while imposing costs other land users have been protected from
Interest.co.nz, February 13, 2015
The 2014 NZ forest planting estimates were released by MPI on 4th February. These are based on a comprehensive survey of nursery treestock sales and a survey of large-scale forest owners.
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Latest commercial property sales and leasings
National Business Review, February 13, 2015
A selection of the latest commercial deals this month.
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Low inflation puts more pressure on surplus target
National Business Review, February 13, 2015
For once, inflation is not a problem, as the government prepares for its seventh budget.
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Even more Chinese investment tipped
National Business Review, February 13, 2015
Risks of deflation and slower economic growth in China, coupled with low international interest rates, could pave the way for more Chinese investment in New Zealand.
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Ravenswood subdivision up for sale
The Press, February 12, 2015
Ravenswood subdivision north of Christchurch has been put up for sale, but its developers are promising they will not abandon the giant project.
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Guest nights continue to rise
Stuff.co.nz, February 12, 2015
Hoteliers are gearing up for a busy few months, with guest nights still on the rise and the Cricket World Cup boosting demand.
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Millbrook expansion plan unveiled
New Zealand Herald, February 12, 2015
Plans for a huge expansion of New Zealand's most luxurious golfing and lifestyle resort have been unveiled today.
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Housing NZ on track to build 2,000 new homes by end of 2015; says not capital constrained; able to raise funds by selling land
Interest.co.nz, February 12, 2015
Housing New Zealand says it has all the money it needs for its planned building programme, largely because it will create a “revenue stream” by selling surplus land in traditionally low-density Auckland suburbs.
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Jenée Tibshraeny hears how some savvy young first home buyers have got a foot on the property ladder
Interest.co.nz, February 12, 2015
Having spoken to a few people who have just bought their first homes, I can conclude there’s never been a more critical time to think outside the square, when trying to crack into the property market. We live in a world with more complications, but also more solutions, than there were available 30 years ago.
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David Hargreaves looks at the RBNZ's challenge of taming the Auckland housing market - and wonders why it is being left to do the job
Interest.co.nz, February 12, 2015
Now we have the situation in which our central bank is stuck very rigidly between a wish to dampen an over-heating Auckland housing market (which it would traditionally do with increased interest rates) and the reality of a low-inflation environment and an over-valued New Zealand dollar, with the latter likely to head for the stars again at the mere thought of higher interest rates.
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House sales rise 2.6% in Jan, median price dips from Dec
National Business Review, February 12, 2015
New Zealand residential property sales rose in January from the same month last year, while data confirmed house prices in Auckland continue to gallop ahead of the rest of the country.
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SkyCity blames convention centre blow-out on rising building costs
TVNZ, February 11, 2015
SkyCity is blaming its million-dollar convention centre cost blow-out on rising construction costs due to the building boom.
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Rain lifts spirits in Wellington farming regions
Stuff.co.nz, February 11, 2015
Farmers and weather forecasters say it is too soon to state whether the worst of the dry weather is over, but recent rain has raised hopes and elevated spirits.
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Record commercial property activity
Stuff.co.nz, February 11, 2015
Commercial property markets have had a bumper few months. Real estate firms say the investment boom in commercial property, fuelled by a strong economy and lows in fuel prices and interest rates, saw record levels of sales in the second half of 2014.
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Bay of Islands hotel has many income streams
New Zealand Herald, February 11, 2015
The Qualmark four-star Paihia Pacific Resort Hotel in the Bay of Island is up for sale as a freehold property and going concern business offering its new owner a variety of future income earning streams within an idyllic setting.
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Reap rural riches through rental return
New Zealand Herald, February 11, 2015
The sale of Bunnings Cambridge, south of Hamilton in the Waikato, presents an opportunity to acquire a large, quality retail premises leased to a national company brand in a high-profile location.
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Jolly Punter building looks like a good bet
New Zealand Herald, February 11, 2015
A small Mixed Use zoned property on the busy main road into Devonport is for sale offering an entrepreneurial investor the potential of a bigger future development opportunity.
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Real Journeys embarks on restoration at Walter Peak
National Business Review, February 11, 2015
Real Journeys is embarking on large scale restoration of its land at Walter Peak near Queenstown.
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Augusta buys Christchurch industrial park $9.4m
National Business Review, February 11, 2015
Augusta Capital [NZX: AUG], the listed property investor and fund manager, bought a Christchurch industrial park for $9.4 million with plans to onsell the site via syndication.
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English: Rising house prices can’t go on
3 News, February 10, 2015
Rising house prices can't go on forever and the Reserve Bank could take action to rein in the booming market, Finance Minister Bill English says.
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RBNZ should target property investors - Bill English
Stuff.co.nz, February 10, 2015
The Reserve Bank is mounting a case for special rules targeting property investors, Finance Minister Bill English says.
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Market forces putting property owners under more pressure to quake strengthen than the law
Interest.co.nz, February 10, 2015
Market forces are pushing commercial property owners to meet higher earthquake strengthening standards than required by law.
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Finance Minister says Governor Wheeler's speech was building case for more Macro-Prudential measures to slow Auckland housing inflation; agrees 'correction' possible
National Business Review, February 10, 2015
Finance Minister Bill English has described Reserve Bank Governor Graeme Wheeler's latest comments on the housing market and the activities of banks as the Reserve Bank making the case for further Macro-Prudential measures to slow Auckland's housing market inflation.
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Taskforce named to slash property sector red tape
National Business Review, February 10, 2015
Paula Bennett, minister of local government, has appointed a rules reduction taskforce with the intent to slash regulatory red tape in the property and building sector.
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Original Hilton site still on cards
The Dominion Post, February 10, 2015
The $100 million Hilton Hotel and Convention Centre could still be built opposite Te Papa even though the location was sensationally axed in favour of the Interisland Wharf on Wellington's waterfront.
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Trust proposes civics education centre
The Dominion Post, February 10, 2015
A citizenship education centre that would double as a children's hotel is being proposed for a prime spot on Wellington's waterfront.
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Evening Post building strengthening project complete
Stuff.co.nz, February 10, 2015
The owners of the former Evening Post building in Willis St are pleased with the results of a strengthening project that has lifted their office block to 90 per cent of new building standard.
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Naenae has special place in NZ urbanism
Stuff.co.nz, February 10, 2015
Others may scoff, but historian Ben Schrader is convinced it is only a matter of time before people will come to recognise Naenae's unique heritage.
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Crane booms epitomise property boom
New Zealand Herald, February 10, 2015
Construction cranes on Auckland's skyline are one of the best indicators of confidence and activity in the commercial property market, says John Church, national director of commercial property, in Bayleys' latest Greater Auckland portfolio publication.
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A Manukau office building with a government tenant and Blenheim Mitre 10 Mega outlet to be syndicated
Interest.co.nz, February 10, 2015
Commercial property syndications are coming thick and fast this year, with a two property syndicate being put together by Maat Consulting the latest new offer to hit the market.
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Key downplays survey showing first home buyers need parents' help; says always has been tough; Home Start will help; suggests Hamilton commute for Sth Auckland workers
Interest.co.nz, February 10, 2015
Prime Minister John Key has shrugged off suggestions in a survey that a two tier gap is opening up between first home buyers with rich parents who can help them get into the market and the rest without rich parents.
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Auckland wharf extension and land reclamation
National Business Review, February 10, 2015
Auckland’s Captain Cook wharf is to be extended 160 metres to 420 metres to become a cruise ship terminal and Marsden Wharf will be removed.
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Argosy buys 5 Wellington industrial properties for $59m
National Business Review, February 10, 2015
Argosy Property [NZX: ARG], the listed property investor, has spent $59 million buying five industrial sites in Wellington as part of a plan to reduce exposure to retail properties.
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House prices and the Reserve Bank's mixed messages
National Business Review, February 10, 2015
The run of real estate data and Reserve Bank governor Graeme Wheeler’s latest warning last week has – at least north of Pokeno – ratcheted up the worries about just where Auckland house prices are going and what happens when they go there.
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Reserve Bank 'frightened' at 10-year mortgage deals - economist
TVNZ, February 9, 2015
The Reserve Bank will be "frightened" at a bank's decision to offer a 10-year fixed term mortgage, a top economist says.
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First-home buyer struggles 'nothing new' – PM
3 News, February 9, 2015
The Prime Minister is dismissing a survey that found an increasing number of first-home buyers are having to rely on help from their parents.
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Gap grows between property investors, first-home buyers
3 News, February 9, 2015
The flurry of cuts to fixed interest rates is likely to do little to help first-time buyers.
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'Parklet' life grows in the streets
The Dominion Post, February 9, 2015
A rash of astroturf is creeping across Wellington, in a bid to prove the city is not dead.
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Retirement living comes at a high price
Stuff.co.nz, February 9, 2015
Life in a retirement village is like living in a resort, and residents should expect to pay the price. With an ageing population, it's boom time for the industry, with retirement villages popping up all over.
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Infamous Auckland road heading for a makeover
Stuff.co.nz, February 9, 2015
Mention Karangahape Road - K-Road for short - and various images come to mind. Artists and boutiques for sure. But also strip clubs, police cars and general edginess. Now, developers and urban planners believe the bohemian street is heading for a makeover and may yet be the toast of the town.
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Dunes Golf Resort all teed-up for buyer
New Zealand Herald, February 9, 2015
One of New Zealand's most picturesque coastal golf resorts, with adjoining development land suitable for residential or commercial accommodation, is being marketed as a striking property and business opportunity.
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Herne Bay commercial villas a 'superb investment'
New Zealand Herald, February 9, 2015
Two neighbouring freehold standalone Herne Bay properties comprising residential villas that have been converted for commercial use, will be auctioned early next month as part of Bayleys' Greater Auckland portfolio.
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Trophy shops in a 'mini skyscraper'
New Zealand Herald, February 9, 2015
Three Queen St central-city retail units on the ground floor of Auckland's historic Landmark House are among more than 30 commercial and industrial properties which will be auctioned early next month as part of Bayleys' latest Greater Auckland portfolio.
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Auckland heritage group angry at Erawan villa loss
New Zealand Herald, February 9, 2015
A landmark 1905 villa sitting on a $3.5 million piece of land in Herne Bay, the country's most expensive suburb, is for sale for removal.
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Christopher Niesche: Smart homes strategy for smart retailer
New Zealand Herald, February 9, 2015
In many ways it's a miracle that JB Hi-Fi still exists, let alone that it's one of Australia's great retail success stories. The consumer electronics retailer, whose garish yellow and black stores dot shopping centres throughout Australia and New Zealand, is in the retail sector worst affected by the rise of e-commerce: home entertainment.
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A couple of old home units in Epsom sell for $2.2 million: see the full results of Bayleys latest auctions
Interest.co.nz, February 9, 2015
A couple of 1950s weatherboard and brick rental units in Epsom sold for $2.2 million, a Green Bay property with two houses on it sold for $808,000, a villa in Avondale went for $835,000 and another at Northcote made $1.485 million at this week's Bayleys Auckland residential auctions.
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ANZ NZ's economics team looks at key themes for 2015; Here's theme three. 4 mln Kiwis are making positive choices that are transforming our prospects
Interest.co.nz, February 9, 2015
One of six articles forming part of a detailed outlook from ANZ NZ's economics team on key themes for 2015.
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The NZ Initiative's Jason Krupp argues the RMA is central to the housing crisis
Interest.co.nz, February 9, 2015
The recent announcements by Minister for the Environment Nick Smith that the Resource Management Act (RMA) is set to undergo a major overhaul is welcome news, representing the first meaningful policy change aimed at tackling the housing affordability crisis gripping New Zealand’s biggest cities.
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Tight controls on Wynyard Quarter retail
National Business Review, February 9, 2015
Plans for Wynyard Quarter’s new retail are likely to be prescriptive.
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Infrastructure projects underpin capital’s growth
National Business Review, February 9, 2015
Wellington is on the cusp of its biggest construction boom in many decades – with upcoming major infrastructure projects adding fuel to the province’s commercial and industrial property market recovery.
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CERA's spinners give soft talk as Victoria Square rebellion builds
National Business Review, February 9, 2015
Yesterday’s briefing by Canterbury Earthquake Recovery Authority spin doctors Mike Shatford and Jarrod Booker was a bit of a yawn, those who attended say.
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Expert advice on buying a holiday home
Stuff.co.nz, February 5, 2015
Words like mortgage repayments, insurance, property management fees and maintenance will probably do the trick of jolting most back to reality – that owning a holiday house isn't as glamorous as it sounds.
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Reserve Bank boss cools talk of rate cut
New Zealand Herald, February 5, 2015
Reserve Bank governor Graeme Wheeler has hosed down speculation he is minded to cut the official cash rate any time soon, say economists.
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Wellington factory set to pump out prefab houses
New Zealand Herald, February 5, 2015
New Zealand's first factory turning out finished houses has opened in Wellington, aiming to produce up to 500 places annually.
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ANZ NZ's economics team looks at key themes for 2015; Here's theme one - 'change is the new normal'
Interest.co.nz, February 5, 2015
The economic upswing is one thing, but the New Zealand economy is also going through a material transition.
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Want to see what movement in the NZ median house price excluding Auckland would look like? All is revealed here
Interest.co.nz, February 5, 2015
We all know that if you took the Auckland housing market out of New Zealand the overall housing market picture would look very different.
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Paradise going cheap
National Business Review, February 5, 2015
Any Russian billionaires like a slice of white sand paradise in the Marlborough Sounds? It is going for the piffling price of $2 million plus.
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Port will need more space within 20 years - report
New Zealand Herald, February 4, 2015
Ports of Auckland's container terminal can grow on its current footprint for about 20 years before it needs more wharf space, says a report released today.
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Wheeler warns of Auckland house price correction
New Zealand Herald, February 4, 2015
Reserve Bank governor Graeme Wheeler today raised the risk of a "sharp correction" in the housing market.
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RBNZ: Wheeler says OCR will be on hold for some time
National Business Review, February 4, 2015
As you were, team. Reserve Bank governor Graeme Wheeler today delivered a "stand pat" signal to the financial markets.
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Capital's house sellers 'need to be realistic'
Stuff.co.nz, February 4, 2015
Home buyers in the Wellington region are "conservative and cautious" and sellers need to set realistic price expectations, according to state-owned valuer Quotable Value.
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Average Christchurch home valued at $470,000
The Press, February 4, 2015
Christchurch homes have risen in value by 3.4 per cent in the past year, according to valuation agency QVhomevalue.
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NZ unemployment rises to 5.7 per cent
Stuff.co.nz, February 4, 2015
New Zealand unemployment jumped to 5.7 per cent in the December quarter from 5.4 per cent in the September quarter, as record levels of people joined the workforce.
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Last chance to buy into new auto centre
New Zealand Herald, February 4, 2015
A new automotive complex, completed in Silverdale, about 30km north of Auckland, and targeted at heavy vehicle service providers, has met with a strong response from tenants, and only one unit is left to lease in the development.
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$50k investment interests snapped up
New Zealand Herald, February 4, 2015
Oyster Group's chief executive, Mark Schiele, has announced that the recent syndication of the large Cardinal Logistics warehouse at Mangere has closed early and oversubscribed.
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Once-cool Parnell on verge of regaining former glory
New Zealand Herald, February 4, 2015
Auckland has cracked the two million mark for annual international visitor arrivals for the first time.The billboard over the railway bridge at the bottom of Parnell Rise features a photograph of Novak Djokovic and reads "Opportunity has no limits". It's an ANZ billboard for the Australian Tennis Open. Equally, it could apply to the inner city suburb of Parnell, which is poised for a new era.
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Auckland visitors top 2 million
New Zealand Herald, February 4, 2015
Auckland has cracked the two million mark for annual international visitor arrivals for the first time.
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Federated Farmers want major changes to how local government is funded, pointing out how declining rural populations and rising local obligations collide
Interest.co.nz, February 4, 2015
Federated Farmers says the just released Local Government New Zealand discussion paper has highlighted the need to end reliance on the current property-value based rating system.
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Key agrees with LGNZ that rates not perfect, but not interested in 'opening floodgates' to new council taxes and spending; suggests they use more debt, delayed rates for pensioners
Interest.co.nz, February 4, 2015
The Government has slapped down Local Government New Zealand's (LGNZ) suggestion that councils be given the right to raise income taxes or their own forms of GST, saying that could 'open the floodgates' to new council taxing and spending that hard-up ratepayers could not afford.
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LGNZ explores new ways of skinning the cat
National Business Review, February 4, 2015
Local income taxes, regional fuel taxes and regional GST-style regimes are among the options unveiled today by Local Government New Zealand.
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Chinese tourists flood Auckland Airport
Stuff.co.nz, February 3, 2015
A flood of Chinese tourists has been helping to fill the arrival halls of Auckland Airport in record numbers.
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NZ property prices up 5.7 per cent due to 'Auckland effect'
Stuff.co.nz, February 3, 2015
Auckland house price increases over the past year are more than double that of the national average due to a property supply shortage, figures show.
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Lean pickings off thin listings
New Zealand Herald, February 3, 2015
Low interest rates coupled with a shortage of listings, strong migration and high buyer interest at open homes means it's likely that home values will continue to rise as the Auckland housing market heads into the annual peak sales months of February and March.
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Steve Hart: It's a one-way ticket out
New Zealand Herald, February 3, 2015
It looks like we may just about be facing a chicken and egg situation when it comes to real estate in Auckland as all but the determined appear to be holding back when it comes to putting their property on the market.
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100-year-old Parnell pad to sell for more than $1 million
New Zealand Herald, February 3, 2015
A run-down Parnell home, complete with peeling wallpaper and a rusty roof, is set to go under the hammer for more than $1 million.
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Auckland housing hit by listings drought
New Zealand Herald, February 3, 2015
James Wilson of QVhomevalue Auckland said the city was beset by a listings drought, which was having knock-on effects.
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Planners strike back at Housing Minister Nick Smith over his plans for the Resource Management Act
Interest.co.nz, February 3, 2015
Don’t scapegoat the RMA, say planners.
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Alexandra Park development on track
National Business Review, February 3, 2015
Tenders will
go out in a couple of weeks for the construction of a $200 million urban village at Alexandra Park, Greenlane.
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Property value annual growth accelerates in January
National Business Review, February 3, 2015
New Zealand's residential property values grew at a faster annual pace in January as a shortage of houses for sale in Auckland continued to fan the flames of a hot property market.
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Tougher Reserve Bank property investment control tipped
Stuff.co.nz, February 3, 2015
Property investors may be the subject of tougher Reserve Bank controls, as speculation mounts that the central bank will make an important announcement on Wednesday.
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Northern corridor tipped to drive Capital's boom
Stuff.co.nz, February 3, 2015
Bayleys is bullish about the Wellington commercial property market heading into 2015, saying it is "on the cusp of its biggest construction boom in many decades".
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Company no buffer to losing apartment, says expert
New Zealand Herald, February 3, 2015
People cannot avoid losing their apartment if they don't pay their levies, even if they buy under a company name.
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Blues set to build $4m high-tech training HQ
New Zealand Herald, February 3, 2015
The Blues will today officially announce a new $4 million purpose-built training and administrative headquarters at Alexandra Park which the rugby franchise believes will take it to the next level in terms of success.
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Property professionals meet to focus on design, law and planning
New Zealand Herald, February 3, 2015
Three big property conferences are coming up in Auckland dealing with design, laws and planning.
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Housing New Zealand plan meets video protest in Auckland
New Zealand Herald, February 3, 2015
Housing NZ Corporation has released the first image of its controversial new Meadowbank project, saying it has employed a top architectural practice to design the properties.
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First-home buyers beat deposit rule
New Zealand Herald, February 3, 2015
First-home buyers struggling to get on the property ladder, especially in Auckland's sizzling-hot market, are turning to new builds, which fall outside the high loan-to-value-ratio restrictions imposed on the banks.
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Foodstuffs opts for rebuild at Milford New World
National Business Review, February 3, 2015
Foodstuffs will close its New World store in the North Shore suburb of Milford and rebuild on the same site.
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Rental yields drop below 5% in most parts of Auckland and under 6% in much of the rest of the country
Interest.co.nz, February 2, 2015
Landlords looking to add to their portfolios may struggle to find residential investment properties providing reasonable returns in many parts of the country, as property prices continue to rise faster than rents.
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First geothermal power, now luxury resort for Wanying He
National Business Review, February 2, 2015
A Chinese investor is planning to build a six-star six resort in Manukau Harbour.
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Keep the bank honest and engage an expert, broker says
TVNZ, February 2, 2015
Borrowers are being urged to seek advice asbanks lock horns to lend customers cheap money.
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Dry but not drought as they know it
Stuff.co.nz, February 2, 2015
Longtime farmers and grapegrowers, who remember "the big dry" 14 years ago, say the region is experiencing a normal Marlborough summer and the conditions do not resemble the 2001 drought.
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First sod turned for new irrigation plan
Stuff.co.nz, February 2, 2015
In a bone-dry, dusty South Canterbury paddock, under a clear blue sky and scorching sun, farmers gathered to officially mark the start of work on a new irrigation scheme that will bring water to 3300 ha of some of New Zealand's most drought-prone land.
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Most KiwiSavers stick to lowest contribution rate
Stuff.co.nz, February 2, 2015
Most KiwiSavers are stuck on the lowest contribution rate possible, with very few choosing the highest savings rate.
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Demand for builders heats up
Stuff.co.nz, February 2, 2015
News that house consents have hit a seven-year high is music to the building industry's ears.
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Desperate renters queue for houses in Auckland
New Zealand Herald, February 2, 2015
Auckland's booming property market is running out of student accommodation.
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Bank mortgage war brewing
New Zealand Herald, February 2, 2015
Banks are tipped to drop interest rates to new lows as competition to attract house hunters and homeowners escalates into an all-out mortgage war.
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The Auckland housing market in 2015
New Zealand Herald, February 2, 2015
Buy or sell? Fix or float? Financial and property experts make their predictions and give advice on surviving in the sizzling Auckland housing market this year.
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All eyes on Wheeler's speech; soft US GDP data has 'good' and 'bad' aspects; Fed people talk up US economy; EU vs Greece bout in early sparing
Interest.co.nz, February 2, 2015
NZD finished Friday very little changed from where it opened, sitting mid-pack amongst winners and losers against the USD.
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Crane boom reflects a lift in building activity
National Business Review, February 2, 2015
The buoyant commercial and industrial property market conditions experienced in 2014 are expected to continue in 2015 – with a number of key factors driving strong growth in Auckland, Bayleys Real Estate commercial property national director John Church says.
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Chinese buy two Auckland islands for $41.5m
New Zealand Herald, January 30, 2015
Chinese interests have bought two Auckland islands linked to the mainland in a $41.5 million deal and they are now planning to develop a $130.6 million six-star luxury resort and native reserve.
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Affordability improved slightly for first home buyers in Auckland and Christchurch last month, but worsened in Wellington according to the Roost Home Buyer Affordability Report
Interest.co.nz, January 30, 2015
Home ownership became very slightly more affordable for first home buyers in December, particularly in Auckland and Christchurch, according to the latest Roost Home Loan Affordability Report.
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A solid but dated North Shore do up fetches $860k and a leaky home fetches $620k
Interest.co.nz, January 30, 2015
A million dollars doesn't go far on Auckland's North Shore these days, but one of the properties that did fetch less than a mill at Bayleys North Shore auctions was a four bedroom home at Hillcrest.
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Residential building consents rose in 2014 but still not back to their 2007 levels; Auckland the main drag but Waikato also struggles to maintain momentum
Interest.co.nz, January 30, 2015
The growth in residential building consents issued in 2014 slowed noticeably.
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Migration surged to a record in 2014, helped by robust economy
National Business Review, January 30, 2015
New Zealand migration surged to a record in 2014 as more people relocated from India and Australia and fewer kiwis departed across the Tasman.
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Foreigners buy more southern farms
National Business Review, January 30, 2015
Lower dairy prices have failed to dampen the enthusiasm of overseas buyers for New Zealand rural property.
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Three Kings tenants face years of earthwork as quarry apartments get green light
New Zealand Herald, January 30, 2015
The Government has approved a new special housing area for up to 90 apartments - but the tenants will potentially have to tolerate years of a quarry being filled up at their back door.
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Malcolm Rands: Housing with emphasis on homeliness
New Zealand Herald, January 30, 2015
Auckland: "There are few places on earth one might change so radically and so fast" - Nat Cheshire, architect.
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NZ dollar down, hotel room charges up
New Zealand Herald, January 30, 2015
The falling New Zealand dollar will boost tourism and could enable hotel operators to increase prices.
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Americans the biggest buyers of New Zealand land since 2010, Linz data shows
National Business Review, January 30, 2015
Americans have been the biggest buyers of New Zealand land in the past five years although the Chinese topped the list in 2014 alone.
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Buchan notches up another quake repair
National Business Review, January 30, 2015
Buchan Group has completed reconstruction on Christchurch’s Riverside Apartments after nine months.
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Canterbury house prices more unaffordable
Stuff.co.nz, January 29, 2015
Canterbury homes are 12 per cent less affordable than a year ago as increases in house prices and interest rates outstrip wage rises.
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RBNZ 'taking a premature gamble with the housing market,' BNZ's Stephen Toplis argues
Interest.co.nz, January 29, 2015
BNZ head of research Stephen Toplis has accused the Reserve Bank of "pouring petrol" on the housing market fire through its latest review of the Official Cash Rate (OCR).
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House ownership becoming more elusive
National Business Review, January 29, 2015
A recent Branz housing report provides the background for recent government housing initiatives.
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Increase in overseas brands could inject new life into struggling retail sector
National Business Review, January 29, 2015
Smaller fashion outlets could benefit from an influx of global brands wanting to set up shop in New Zealand.
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Multi-storey Lower Hutt development passes council hurdle
Stuff.co.nz, January 28, 2015
Frustration and dismay has greeted the latest success in retirement giant Summerset's bid to build a multi-storey village in a wealthy suburb of Lower Hutt.
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Cheaper fixed home loans in view after RBNZ comments
Stuff.co.nz, January 28, 2015
Borrowers can expect even cheaper fixed home loans after the Reserve Bank mentioned the possibility of a cut to its key interest rate.
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Extent of Auckland housing shortage surprised property investors
National Business Review, January 28, 2015
Clients surveyed by Crockers market research in early 2014 underestimated the shortage of property in Auckland.
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Millbrook spends $7m on expansion
National Business Review, January 28, 2015
Japanese-owned Millbrook Resort near Queenstown spent $7 million buying an adjacent property for expansion. The purchase of 66.8ha at 902 Malaghans Rd, Queenstown, was approved by the Overseas Investment Office.
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RBNZ opens door to rate cuts - but is it an exchange rate ploy?
National Business Review, January 28, 2015
The next interest rate move from the Reserve Bank could be down.
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Study blames 'over-regulation' for house prices
New Zealand Herald, January 28, 2015
A new study out on the damaging impact of regulations on housing affordability found sky-high price rises and recommends severely restricting council planners' powers.
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Overseas giant cleared to buy waterfront property
New Zealand Herald, January 28, 2015
Listed property business Goodman Property Trust has just announced it has Overseas Investment Office clearance to sell a 49 per cent share in some of Auckland's most valuable commercial properties to Asian interests.
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Key details wider social housing reforms, including selling up to 2,000 state houses in coming year; more social housing subsidies
Interest.co.nz, January 28, 2015
Prime Minister John Key has unveiled an extended range of social housing reforms in his State of the Nation speech for 2015.
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Thousands of 'affordable' Auckland homes in outer suburbs
National Business Review, January 28, 2015
Bayleys real estate agents say they have identified several thousand homes appropriate for the budgets of first home buyers.
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SkyCity questions remain but Joyce ‘has said all he intends to’
National Business Review, January 28, 2015
Economic Development Minister Steven Joyce is refusing to respond to further questions about the government’s international convention centre deal with gambling operator SkyCity [NZX: SKC].
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Approval for Viaduct property joint venture
National Business Review, January 28, 2015
Overseas Investment Office approval has been granted to Singapore’s GIC to join Goodman Property Trust [NZX: GMT] as a joint venture capital partner investing in Auckland’s Viaduct Quarter.
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Consent money flows into Auckland Council
National Business Review, January 28, 2015
Auckland property developers say their repeated gripes over many years about the impact of Auckland Council’s planning rules on the cost of housing are borne out in a Treasury-commissioned report by urban economist Arthur Grimes.
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NZ farms eyed as 'boltholes' for world's super rich
Stuff.co.nz, January 28, 2015
New Zealand farms are being snapped up by the world's super-rich as boltholes to escape anger over financial inequality, one of the world's leading fund managers claims.
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New precinct aims for funky ambience
New Zealand Herald, January 28, 2015
A new commercial precinct in Quay Park near Britomart on the fringe of the Auckland central business district is offering fully fitted-out tenancy options for smaller business and professional firms under a simplified gross lease arrangement.
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Andrew Little focuses Labour's image on being the 'jobs party' in first major speech
New Zealand Herald, January 28, 2015
Labour leader Andrew Little has begun broadening Labour's image as as the "jobs party," not just a party for working labour, but for wealth-creating business, especially small business, and for those who want to be their own boss.
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Future Auckland: Finding a place to call home
New Zealand Herald, January 28, 2015
This week Auckland celebrated its birthday. What better occasion to take stock of where the city is and to think about what happens next? It’s a great place — but it can be even better. In the third of our five-part Future Auckland series we aim to stimulate debate.
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Key to outline social housing programme in first major speech of 2015
National Business Review, January 28, 2015
New Zealand Prime Minister John Key will tomorrow outline his government's plans to overhaul social housing, including the sale of government-owned stock and bringing in community and iwi organisations to expand the number of homes open to needy households.
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Editor's Insight: The good, the bad and the ugly news about deflation
National Business Review, January 28, 2015
Economists are warming to the idea that a strong dose of deflation could be a good thing.
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NZ dollar hits fresh three-year low ahead of RBNZ
Stuff.co.nz, January 27, 2015
The New Zealand dollar has fallen to its lowest level against the greenback in more than three years as markets predict the Reserve Bank will cut the official cash rate this year.
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Convention centre goes for green
National Business Review, January 27, 2015
Whenever it comes to pass, Christchurch’s new convention centre will incorporate the latest “green” principles.
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Updated report reveals climbing costs of Auckland’s development consents
National Business Review, January 27, 2015
Costs for Auckland residential development consents are far higher than revealed in an initial government-commissioned report on housing costs.
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City playing catch up with hotel accommodation
Stuff.co.nz, January 27, 2015
A new hotel opening in Christchurch CBD has taken the city's room count to 5200 - but the city is still almost a third below pre-quake accommodation levels.
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Tainui CEO to step down
New Zealand Herald, January 27, 2015
Wealthy Waikato-headquartered Tainui Group Holdings is hunting for a new chief executive after Mike Pohio resigned to pursue governance opportunities.
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Revealed: Cost of buying in Auckland's top school zones
New Zealand Herald, January 27, 2015
Parents could save hundreds of thousands of dollars by forgoing properties in elite Auckland school zones then privately educating their children with the money saved by buying elsewhere, new data reveals.
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OCR rise melts away into distant future
New Zealand Herald, January 27, 2015
The prospect of further rises in the Reserve Bank's official cash rate has disappeared over the horizon - at least the time horizon within which it is useful for the bank to give guidance or for market economists to forecast.
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The median price of Auckland lifestyle blocks rose 17.2% last year to hit an all time high of $958,000
Interest.co.nz, January 27, 2015
Surging prices in Auckland are spilling over into the lifestyle property market, with the median price of lifestyle blocks in Auckland rising 17.2% last year to hit an all time high of $958,000.
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Smith detects propitious environment for a new RMA promise
National Business Review, January 27, 2015
The National government has cut across RMA provisions four times already over the past few years.
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Trend to smaller, efficient brighter-coloured homes
National Business Review, January 27, 2015
Generation Homes says most homebuyers last year preferred a four-bedroom, two-bathroom home.
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Construction boom peaks on plateau
National Business Review, January 27, 2015
The recent construction and building boom appears to be peaking, according to the New Zealand Institute of Economic Research.
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There was a slight drop in farm sales and prices in December but dairy remains resilient
Interest.co.nz, January 23, 2015
There was a dip in the number of farms sold at the end of last year and in their their price, according to the latest figures from the Real Estate Institute of New Zealand.
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UPDATED: Tainui's Mike Pohio resigns; tribe reconsiders inland port development
National Business Review, January 23, 2015
Mike Pohio, chief executive of Tainui Group Holdings, has resigned after eight years at the helm and as Waikato-Tainui reconsiders its capital commitment to a planned $3.3 billion transport hub north of Hamilton.
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SkyCity's convention centre cost stance 'arrogant or naive' – Barnett
National Business Review, January 23, 2015
Economic Development Minister Steven Joyce knew the price of the SkyCity international [NZX: SKC] convention centre had blown out, two months before SkyCity revealed it to the public in late December.
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Farm succession needs to be addressed head-on
Stuff.co.nz, January 23, 2015
The succession planning industry has arrived in New Zealand. Complete with their tool boxes of templates, frameworks, recommendations and panaceas, succession consultants stalk our plains, valleys, hill country and high country.
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Insurers pleased the Government plans to recognise natural hazards in revamped RMA
Interest.co.nz, January 23, 2015
The revamped Resource Management Act could prevent the most vulnerable being left out of pocket as the supply of affordable housing increases, the Insurance Council of New Zealand (ICNZ) says.
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Govt's RMA changes gains some support
3News, January 22, 2015
There is some support for Housing and Building Minister Nick Smith's "full-scale assault" on the Resource Management Act (RMA) which would see the biggest changes since it was launched 25 years ago.
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Consumers upbeat about finances
Stuff.co.nz, January 22, 2015
Consumers are upbeat about their finances, think it is a good time to spend and expect house prices to rise.
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Canadian cut bleeds kiwi dollar
Stuff.co.nz, January 22, 2015
The New Zealand dollar has tumbled to a two-and-a-half-year low against the US dollar after a shock interest rate cut in Canada.
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Investors driving Auckland property market
Stuff.co.nz, January 22, 2015
Low rent rises show the Auckland real estate market is being driven by investors, not a shortage of houses, a top economist says.
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Rental housing market tightens as rents rise and the number of new lettings declines
Interest.co.nz, January 22, 2015
Rents were well up in December compared to a year earlier in most of the main centres while the number of properties being let was well down, according to bonds received by the Ministry of Business Innovation and Employment.
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Chinese firm wants third Taupo dairy farm for $22m
National Business Review, January 22, 2015
The Chinese-owned aspiring buyer of Lochinver Station wants to buy another dairy farm unit near Taupo for $22.75 million.
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$1.6 billion Westgate town centre takes shape
Stuff.co.nz, January 22, 2015
Development of a $1.6 billion town centre development at Westgate is in full swing with the first retail stores , including Mitre 10, Palmers and Pak'nSave ,already open and doing business.
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Property: Mortgage wars heat up as three more banks cut rates
New Zealand Herald, January 22, 2015
The latest round of mortgage wars is heating up, with three more banks cutting interest rates in the fight to attract customers.
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Economist backs house price predictions - but picks 5% not 25% fall
New Zealand Herald, January 22, 2015
A leading economist has backed Herald business columnist and Milford Asset Management executive director Brian Gaynor's predictions of a house price adjustment in the next few years.
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RMA adds $30b to housing costs and stopped 40,000 new houses: Smith
National Business Review, January 22, 2015
The Resource Management Act has added as much as $30 billion to the cost of new homes and stopped as many as 40,000 being built in the last decade, says Environment Minister Nick Smith in a speech outlining a wide-ranging 10 point plan for what he calls "considered but substantial" reform of the country's primary environmental and planning law.
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Looming shortfall in Auckland industrial land availability
National Business Review, January 22, 2015
While Auckland Council steams ahead with attempts to fix the housing shortage there is a parallel problem looming in the industrial sector.
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‘Zero inflation’ on the way, Reserve Bank to wait longer
National Business Review, January 22, 2015
Annual inflation has slipped below the target zone and some economists say it could hit zero in the next quarter.
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Nick Smith declares full speed ahead on RMA reform
National Business Review, January 22, 2015
For the second time in nearly two years, a National Party environment minister has unveiled sweeping plans to reform the Resource Management Act.
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Just opening up more land for housing won't solve affordability problems, NZ Planning Institute says
Interest.co.nz, January 21, 2015
The NZPI believes the current focus on land availability is too narrow to solve this country’s housing affordability problem effectively.
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Deflation hits New Zealand
National Business Review, January 21, 2015
The Reserve Bank will now come under even greater pressure to delay interest rates rises further - or even cut the OCR - after price inflation fell 0.2% in the December quarter.
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Ewe sale reveals impact of dairy growth
Stuff.co.nz, January 21, 2015
Evidence of dairying's encroachment in the King Country were laid bare at the annual two-tooth ewe fair at Te Kuiti, with the lightest yarding of sheep for several years.
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Life-work balance tops salary
Stuff.co.nz, January 21, 2015
Work-life balance has overtaken salary as the No 1 factor New Zealand professionals look for in a job, according to a survey by recruitment firm Hudson.
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A building block for your future
New Zealand Herald, January 21, 2015
A rare big block of Bay of Plenty development land in Ohauti, about 10 minutes' drive south of the Tauranga CBD, is to be auctioned next month.
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Real estate agencies earned an estimated $1.234 billion from residential sales commissions last year
Interest.co.nz, January 21, 2015
Last year was a pretty good one for the real estate industry, although commissions would have been spread a little more thinly among a greater number of agents.
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Landowners confounded by CERA changes
National Business Review, January 20, 2015
After spending more than $25 million on commercial land in central Christchurch, the government is reducing its purchasing commitment.
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No rest for assets in retirement game
New Zealand Herald, January 20, 2015
Graham Wilkinson's Christchurch-based Retirement Assets is spending $320 million developing and expanding three retirement villages and he is now hunting for further sites.
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Government's Auckland Housing Accord: Where are all the houses?
New Zealand Herald, January 20, 2015
The Government's Auckland Housing Accord aims to relieve the city's desperate housing shortage with 39,000 new homes, but only 350 residences have so far been built in the plan's Special Housing Areas, an official has revealed.
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Fewer listings put squeeze on rental market
New Zealand Herald, January 20, 2015
The rental shortage is expected to get worse as properties are snapped up within a day and rents increasing about 5 per cent.
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SugarTree apartment complex ready to take in its first residents
New Zealand Herald, January 20, 2015
Residents will next month begin moving in to the new $250 million high-rise SugarTree apartment development between Nelson St and Union St.
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No rest for assets in retirement game
New Zealand Herald, January 20, 2015
Graham Wilkinson's Christchurch-based Retirement Assets is spending $320 million developing and expanding three retirement villages and he is now hunting for further sites.
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David Jones explains why the red meat sector growth targets are not likely without major reform, and what should be done in 2015 with a sector 'unable to help itself'
Interest.co.nz, January 20, 2015
Currently, over 80% of our agricultural produce is shipped offshore each and every year, and over the next decade the sector has big ambitions to double export earnings to $64 billion.
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'Historic high' business mood as 2015 begins
National Business Review, January 20, 2015
The New Zealand Institute of Economic Research's latest quarterly survey of business opinion shows net optimists at 21%, - the same level as the previous quarter - and consistent with around 3-3.5% GDP growth for the year.
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'It should not be this way' - economist hits out at Auckland house price ranking
TVNZ, January 19, 2015
An economist has called for urgent action to make Auckland homes more affordable, following a study that reveals it's easier to buy property in Los Angeles than New Zealand's largest market.
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New chief executive for Real Estate Institute
3News, January 19, 2015
A new chief executive is set to take the reins at the Real Estate Institute of New Zealand.
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New plan for prized New Chum beach in Coromandel
New Zealand Herald, January 19, 2015
Coromandel's mayor is urging people to share their views on plans for a subdivision next to world-renowned New Chum Beach.
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New RMA reforms expected this week
New Zealand Herald, January 19, 2015
Environment Minister Nick Smith will this week outline the approach and timing for a further attempt to reform the Resource Management Act after minor parties blocked a bill from progressing in the last Parliament because of its proposals to strengthen economic development priorities.
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Engineers and bricklayers from the UK and Philippines replace teachers and hospitality workers as main types of migrants to Canterbury
Interest.co.nz, January 19, 2015
Canterbury has a higher proportion of migrants arriving from Asia than any other region in the country except Auckland, according to a new report by Statistics NZ.
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The housing market finished last year with the highest number of December sales since 2006 and a new price record in Auckland
Interest.co.nz, January 19, 2015
The housing market was especially buoyant in December with 7,064 home sales going unconditional and prices setting a new record in Auckland, according to the Real Estate Institute of NZ.
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Fitch picks lower NZ house price growth but is confused about our flag
Interest.co.nz, January 19, 2015
International credit rating agency Fitch Ratings expects annual New Zealand house price growth to moderate to 2.5% this year.
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Smith tries to take heat out of scorching housing report
National Business Review, January 19, 2015
Demographia’s 11th annual housing affordability survey has prompted denials and promises from Housing Minister Nick Smith.
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Further pressure on RBNZ to cut OCR
National Business Review, January 19, 2015
Pressure is building for a shift in signal from the Reserve Bank next week after global financial markets changed tack over the Kiwi summer break.
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Vineyard sub-division gets go-ahead
Stuff.co.nz, January 13, 2015
A housing sub-division to build 230 homes at Colonial Vineyard can go ahead after an appeal was dismissed by the High Court.
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New development consents highest in 5 years
New Zealand Herald, January 13, 2015
Commercial building consents in Rotorua are at the highest level since 2010, and the number of land-use consents are also up for the first time in five years as the city sees a number of major building projects about to get under way.
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New Zealand's Reserve Bank named central bank of the year
New Zealand Herald, January 13, 2015
The Reserve Bank of New Zealand's efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice.
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Asking prices rise faster for smaller Auckland homes
New Zealand Herald, January 13, 2015
Price expectations on smaller Auckland houses have risen faster than bigger places.
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$9m boost to spending
Stuff.co.nz, January 12, 2015
A whopping $9 million spending increase in Nelson last month is positive news for the economy, latest Paymark figures have shown.
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Browns Bay bach makes way for New World car park
Stuff.co.nz, January 12, 2015
The son of a woman who spent decades defending her property from developers says $2.2 million has not eased the pain of seeing her home demolished for a supermarket carpark - despite it selling for three times its valuation.
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Record quarter for Summerset Group
New Zealand Herald, January 12, 2015
Wellington-headquartered retirement specialist Summerset Group has this morning announced record sales and cited expansion of its village network as one of the reasons.
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Auckland's Lynn Mall expansion gets under way
New Zealand Herald, January 12, 2015
Work started this week on the $36 million expansion of New Zealand's first shopping mall.
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Sofitel So opening to be delayed
New Zealand Herald, January 12, 2015
Redevelopment and planning work for Auckland's newest CBD five-star hotel is taking longer than expected, delaying the Sofitel So opening.
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Federated Farmers calls for an audit of overseas investment approvals and a register of foreign ownership of land, supporting Labour's Stuart Nash
Interest.co.nz, January 12, 2015
Federated Farmers has added its support to Labour MP Stuart Nash’s call for an audit of overseas investment in New Zealand.
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Residential building consents rise to seven-year high in November
National Business Review, January 12, 2015
Residential building consents rose to a seven-year high in November, led by Auckland and Canterbury.
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Visitor numbers to Christchurch rocketing post-quake
Stuff.co.nz, January 9, 2015
Christchurch continues to claw back international visitor numbers lost as a result of the 2011 earthquakes with hotels experiencing strong summer occupancy.
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Industry welcomes Building Act changes
Stuff.co.nz, January 9, 2015
Building industry players are welcoming changes to the Building Act which will mean better protection for homeowners.
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Capital a 'movie star' economy
Stuff.co.nz, January 9, 2015
New Zealand's rock star economy is, well, so last year. But Wellington is now being tipped to have a "movie star" economy in 2015.
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MP attacks Govt over state houses for sale
New Zealand Herald, January 9, 2015
The Government plans to sell 271 state houses in Hawke's Bay despite there being hundreds of local families desperate for homes, says Ikaroa-Rawhiti MP Meka Whaitiri.
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Auckland's Lynn Mall expansion gets under way
New Zealand Herald, January 9, 2015
Work started this week on the $36 million expansion of New Zealand's first shopping mall.
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Surge in summer job listings - Trade Me
New Zealand Herald, January 9, 2015
Job-hunters rejoice: New Zealand's employment market is on a high with double-digit growth in the final quarter of last year and IT workers, builders and architects in most demand.
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NZ heading for deflation, leaving central bank hamstrung – BNZ
National Business Review, January 9, 2015
The New Zealand economy may be in its first six-month period of deflation in more than a decade, in the face of weak crude oil prices and global over-capacity, pushing the prospects of interest rate hikes out into 2016, according to Bank of New Zealand.
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House sellers benefit further as inventory of homes for sale falls while asking prices remain high, says realestate.co.nz
Interest.co.nz, January 8, 2015
The average asking price of houses for sale in December remained at high levels across the country, while inventory of available homes for sale declined reaching record low levels in Auckland.
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The best-read property stories of 2014
National Business Review, January 8, 2015
1. Auckland house prices continue their relentless rise
2. NZ third-most over-valued housing market in world - Deutsche Bank
3. Huka Lodge not laughing at Auckland councillor's April Fool’s joke
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Prices up in first dairy auction of 2015
New Zealand Herald, January 7, 2015
The international dairy trade has started 2015 on a positive note with this morning's GlobalDairyTrade price index gaining 3.6 per cent since the last auction in mid-December.
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Meat export rise shrinks trade deficit
New Zealand Herald, January 6, 2015
New Zealand posted its smallest November trade deficit in four years, beating economist forecasts, as falling dairy prices were offset by a rise in meat exports.
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Cantometer indicates broadening economy
Stuff.co.nz, January 6, 2015
Canterbury economic activity remains buoyant, with construction, retail trade and car registrations still on a roll.
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Fonterra mymilk subsidiary plan sparks fears among farmers
New Zealand Herald, January 6, 2015
Fonterra's plan to allow non-members to supply it with milk has sparked fears that it could end up eroding the group's co-operative base.
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New major developments for Albany Centre
National Business Review, January 6, 2015
Albany Centre in Auckland's North Shore has been given a major shot in the arm after the announcement of multimillion dollar developments.
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Elderly housing needs a cause for concern
New Zealand Herald, January 5, 2015
We all know the struggle first-home buyers face getting onto the property ladder.
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Big brand stores on shopping list for central city
New Zealand Herald, January 5, 2015
Mayor Len Brown has named big-brand international retailers Apple and Tiffany & Co as potential candidates to open their first New Zealand stores in Auckland.
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Rents on new tenancies rise 4.5% nationally and 13.7% in Auckland as the residential property market tightens
Interest.co.nz, January 5, 2015
There was a significant drop in the number of new residential tenancies in November compared with a year earlier and a rise in median rents, suggesting the rental accommodation market is continuing to tighten.
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Wellington hotel, convention centre moves to new site
National Business Review, January 5, 2015
Hilton’s proposed hotel and convention centre will now be built on the Interisland Wharf adjacent to Wellington Railway Station, developer Mark Dunajtschik says.
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Motorheads targeted for Cromwell innovation park
National Business Review, January 5, 2015
An innovation and technology park is the second phase of an 88ha commercial development in Cromwell.
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Chinese billionaire buys Hoyts for $A900m
National Business Review, January 5, 2015
A Chinese billionaire’s investment fund has bought Hoyts Group, which operates the Hoyts and Berkeley cinemas.
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