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PropertyLive

PropertyLive is New Zealand’s only 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 market analysis.

Lease demand reflects confidence
New Zealand Herald; April 23, 2014
Strong leasing demand for industrial premises is responsible for the overall vacancy level within Auckland's main precincts falling from 5.5 per cent to 3.8 per cent, says Bayleys Research.
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Germans flock to Hobbit country
New Zealand Herald; April 24, 2014
Germany has overtaken Japan to become New Zealand's fifth-biggest source of tourists and the royal visit has increased interest in other key markets.
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Interest rates hiked to 3pc
New Zealand Herald; April 24, 2014
The Reserve Bank has increased the Official Cash Rate by 25 basis points to 3 per cent this morning, the bank said in statement.
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NZD will fall today if the markets think the RBNZ is downgrading its inflation assessment: BNZ
interest.co.nz; April 24, 2014
The NZD is a little lower this morning ahead of the RBNZ policy decision.
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Xenophobia over housing might hurt China trade: BNZ/s Alexander
National Business Review ; April 24, 2014
Kiwi attitudes to Chinese buying houses might eventually have trade ramifications, BNZ chief economist Tony Alexander says.
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Former Hendo land to become affordable housing
National Business Review ; April 24, 2014
A former property in Sydenham, Christchurch, that was owned by now bankrupt developer Dave Henderson will become the site of a city council government affordable housing project.
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New Zealand records its second highest ever net monthly migration gain; 3800 net arrivals in March
interest.co.nz; April 23, 2014
The inbound migration boom that's been growing wings in recent months has soared to new highs, with the country recording its second-highest ever seasonally-adjusted monthly net gain in migrants last month.
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Mortgage tightening to hit small investors
Stuff.co.nz; April 23, 2014
"Mum and Dad" property investors could be hit by the next raft of clampdowns on mortgage lending from the Reserve Bank.
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Experts back OCR increase
New Zealand Herald; April 23, 2014
There is near-unanimous support on NZIER's shadow board for Reserve Bank governor Graeme Wheeler to raise the official cash rate again tomorrow, to 3 per cent.
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Councils need new funding sources
National Business Review; April 23, 2014
Huntly is fast running out of land suitable for industrial development, so the Waikato District Council and business owners are having to look north - to Ohinewai. Imagine a business that could charge anyone who just happened to pass by its shop window. Does that sound like a business that would strive to become better, more customer-friendly and more service-oriented?
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Wheels of industry roll north
Stuff.co.nz; April 22, 2014
Huntly is fast running out of land suitable for industrial development, so the Waikato District Council and business owners are having to look north - to Ohinewai.
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'A-listers' eyed in historic house sale
New Zealand Herald; April 22, 2014
It is hoped Corstorphine House's history of accommodating royals, heads of state and Hollywood actors will help attract international "A-listers" when the Dunedin property officially goes on the market next week for $3.8 million.
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We are not regulating our land effectively nor are we using it wisely says Ciaran Keough. He says the benchmarks are Holland, and what Fonterra is doing in China
interest.co.nz; April 22, 2014
In a recent editorial Sir David Skegg quite justifiably took issue with the degraded state of the nation’s waterways and contended that maybe it is time that constraints should be placed on further growth of dairy farming.
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Auckland hotel deal to bring back Hyatt brand
National Business Review; April 22, 2014
Auckland Waterfront's deal with Chinese developer Fu Wah will see the Hyatt hotel brand back in New Zealand.
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Demo farm at hub plan's heart
Stuff.co.nz; April 21, 2014
A $26.5 million dairy and research hub, the first of its kind in New Zealand, is planned for Southland, but farmers will need to pay to get it over the last financial hurdle.
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Demand still outstripping supply
New Zealand Herald; April 19, 2014
Well-located and tenanted retail properties continue to attract strong competition, with two selling at yields of below 6 per cent at Bayleys' first Total Property commercial and industrial auction for the year.
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Out of the rough - golf's sell-off saves the clubs
New Zealand Herald; April 22, 2014
Selling entire courses or fringe parcels to developers is seen as a way to repay debt and maintain facilities as the once-popular sport faces a decline in membership with the young looking to different leisure pastimes.
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The new hot and cold spots for first homes
New Zealand Herald; April 21, 2014
The proportion of house sales to first-home buyers has gone down in 90 Auckland suburbs since the Reserve Bank's mortgage lending limits came in, according to a Herald analysis of 168 suburbs.
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Dangerous heights: Interest rate peak poses big risk
New Zealand Herald; April 22, 2014
Interest rates could peak at a level which would see first-home buyers in Auckland spending two-thirds of household income paying the mortgage, or even more, ASB economists say.
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Bernard Hickey argues any trickle of housing investment from China should be turned into a flood that builds thousands of affordable homes in central Auckland
interest.co.nz; April 20, 2014
The prevailing perception in Auckland's over-heated property market is that an influx of capital from China is a factor driving up prices.
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'NZ's economic bubble will pop' – economist who predicted GFC
National Business Review; April 20, 2014
Economic Development Minister Steven Joyce has taken issue with Forbes correspondent Jesse Colombo's theory that New Zealand has a housing and credit bubble that, when it pops, will take down our entire economy with it — not the sort of publicity our government would hope for from arguably American's most influential business magazine (or at least, its website).
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Falling dairy prices, high kiwi and milder inflation may temper RBNZ’s OCR track
National Business Review; April 22, 2014
The Reserve Bank of New Zealand is set to raise its benchmark interest rate for the second time in as many months although the ground has shifted slightly since it began tightening in March, with dairy prices tumbling and inflation printing weaker than forecast.
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Ban on overseas house buyers would make Kiwis worse off, argues ACT Party
interest.co.nz; April 17, 2014
Kiwis are better off by being able to sell their houses to foreign-based buyers, according to ACT Party leader Jamie Whyte
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BNZ’s Tony Alexander says there is 'nothing inequitable' about regional housing markets suffering because of LVR rules
interest.co.nz; April 17, 2014
There is "nothing inequitable" about regional housing markets suffering because of the Reserve Bank's 'speed limits' on high loan-to-value lending, according to BNZ chief economist Tony Alexander.
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Speculators more than a housing shortage have been driving Auckland house prices, NZIER's Shamubeel Eaqub says
interest.co.nz; April 17, 2014
The Auckland housing market will slow over the next 12 months with prices potentially even falling, says New Zealand Institute of Economic Research (NZIER) principal economist Shamubeel Eaqub.
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Rate rise still on, economists say
National Business Review; April 17, 2014
Another rise in the official cash rate next week remains a done deal, economists say, despite weaker-than-expected inflation in the March quarter.
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Shotover finally gets its consent
National Business Review; April 17, 2014
Porter Group finally has its resource consents for Pak'n'Save and Mitre 10 Mega stores at Shotover Park, north of Queenstown.
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Fletcher Building steel sale gets OK
Stuff.co.nz; April 16, 2014
The Commerce Commission will allow an Australian-owned firm to buy New Zealand's only steel mills.
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The latest Census data released shows how our ethnic diversity is growing, especially in Auckland
interest.co.nz; April 16, 2014
The number of New Zealanders who were born overseas had reached more than a million by the 2013 Census, Statistics NZ said when it released more data yesterday.
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Faltering inflation puts political heat on Wheeler
National Business Review; April 16, 2014
Inflation figures released this morning will put further political heat on the Reserve Bank - heat which is largely unjustified.
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Govt and Christchurch council target 700 new units, more affordable housing supply in accord
National Business Review; April 16, 2014
The New Zealand government and Christchurch City Council want to add a net 700 social housing units in the country's second-largest city in two-and-a-half years and a bigger supply of affordable houses as part of a formal housing accord.
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Dunedin hotel scrapped
3 News; April 15, 2014
Plans for Dunedin's new $100 million waterfront hotel have gone down the gurgler after a partnership between the developer and Dunedin City Council fell at the first hurdle.
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'Officials ignore local investors'
Stuff.co.nz; April 16, 2014
Overseas developers would be "stupid" to invest in Christchurch because Government officials do not engage with locals wanting a piece of the multibillion-dollar rebuild, a frustrated city developer claims.
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Budget may ease size regulations for home builders
New Zealand Herald; April 16, 2014
Finance Minister Bill English has hinted at changes in the Budget to make it easier for housing developers to build smaller and cheaper.
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Team NZ site flagged for hotel
New Zealand Herald; April 16, 2014
A Beijing developer has won the right to build a $200 million five-star hotel on the Auckland waterfront site currently occupied by the Team New Zealand headquarters.
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Pay and jobs to creep higher
New Zealand Herald; April 16, 2014
New Zealanders can look forward to only slightly better wages and jobs growth over the next four years than they have had over the past four, according to forecasts quoted yesterday by Finance Minister Bill English.
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Family business transition: as 'baby boomers' hand over to 'millennials', the risks of getting it wrong have never been greater
interest.co.nz; April 16, 2014
Passing control from one generation to the next can make or break a family business; and as New Zealand’s ‘baby boomers’ hand over to ‘millennials’, the risks of getting it wrong have never been greater.
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Declining dairy prices and rising consumer prices may see inflation at the top of the RBNZ target 'before long': BNZ
interest.co.nz; April 16, 2014
The NZD is broadly weaker this morning, having made gains only against the AUD overnight.
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ANZ economists see banks offering 'fierce' discounts to advertised mortgage rates as high LVR lending picks up pace
interest.co.nz; April 15, 2014
Banks are offering "fierce" discounts to advertised, or carded, mortgage rates, and are stepping up high loan-to-value ratio (LVR) home lending, say ANZ's economists.
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Key, English agree better data collection on foreign ownership of homes would be better; won't rule out collecting data; Labour says National 'wobbling'
interest.co.nz; April 15, 2014
The Government appears to be softening its stance on recording data on the number of foreign buyers of residential property, with both Prime Minister John Key and Finance Minister Bill English saying it would be useful, although difficult, to gather more precise information about the residential status of house buyers.
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Silly council rules increase inequality, English says.
National Business Review; April 15, 2014
Finance minister Bill English today turned the spotlight back on local bodies, telling a Wellington business lunch councils need to think through the impact of their housing regulations.
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Lloyd's underwrites NZ warranty
New Zealand Herald; April 15, 2014
One of the world's biggest and oldest insurers is underwriting a new building warranty insurance scheme being launched in New Zealand.
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Lower dairy prices 'will take a toll on the NZD in time'; USD boosted by higher retail in March; eyes on RBA for AUD view
interest.co.nz; April 15, 2014
The NZD has traded between 0.8630 and 0.8690 over the past 24-hours, sitting at 0.8670 this morning.
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Here come the tax acronyms; FATCA, AEOI, specified US persons & the potential for a tax residence licence in your wallet alongside your driver's licence
interest.co.nz; April 15, 2014
FATCA's stated aim is to reduce tax avoidance by US citizens investing outside of the US, and failing to declare the investments and income from these investments. Its tentacles are being felt all around the world, including within New Zealand financial institutions and among New Zealand residents with US links.
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OCR hikes on track as inflation news looms
New Zealand Herald; April 14, 2014
New Zealand inflation probably accelerated in the first quarter, keeping on track expectations that the Reserve Bank will lift the official cash rate again next week to mitigate the effects of strong demand growth in coming years.
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Nick Smith says has told Government to target housing affordability at four times income, down from seven times income in Auckland now
interest.co.nz; April 14, 2014
Housing Minister Nick Smith has revealed he has set the Government a housing affordability target of house prices being four times household incomes.
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Westpac chief economist says it's impossible to tell what is really going on with house prices
interest.co.nz; April 14, 2014
It is "impossible" to really tell what is going on with house prices at the moment, according to Westpac chief economist Dominick Stephens.
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DNZ Property Fund axes five jobs to cut costs 
National Business Review; April 14, 2014
DNZ Property Fund [NZX: DNZ], the worst performing property stock on the NZX 50 Index the past year, will shed five jobs, including two executives as it looks to cut costs.
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Goodman Property builds three new developments for $44.4m 
National Business Review; April 14, 2014
Goodman, the manager of Goodman Property Trust [NZX: GMT], said it plans to spend $44.4 million developing three new industrial properties.
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* Lion, witch and wardrobe sold separately 
New Zealand Herald; April 12, 2014
Mark and Helen Huston had long day-tripped from Auckland to the Whangaparaoa Peninsula's parks and beaches with their three children, but had never entertained the idea of living there.
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Go shopping for top-spot stores      
New Zealand Herald; April 12, 2014
Two medium-sized retail premises with prime positions in upmarket Remuera and Newmarket shopping precincts are among a wide range of commercial and industrial properties which will go under the hammer next month as part of Bayleys Real Estate's second Greater Auckland portfolio for the year.
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Bernard Hickey thinks any move by councils to tax incomes, spending, road usage and congestion to lessen the rates burden on ageing property owners is unfair on younger and poorer generations     
interest.co.nz; April 13, 2014
It always pays to ask a few searching questions whenever one group in the community wants to change the way community-owned assets are paid for.
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BNZ’s Tony Alexander sees a ‘clear risk’ that Australian-style curbs on offshore house buyers would not ‘mute’ the worsening situation in Auckland    
interest.co.nz; April 14, 2014
Employing Australian-style rules to block offshore buyers from snapping up New Zealand homes will now "not be enough" to prevent a "deterioration" in Auckland’s housing situation, according to BNZ chief economist Tony Alexander.
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Affordable Housing 20 years away - Housing Minister Nick Smith   
National Business Review; April 13, 2014
It will take up to 20 years to address the imbalance between incomes and house prices, Housing Minister Nick Smith told TVNZ’s Q+A programme today. 
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'Lunacy' that property speculators get tax-free capital gain - Cunliffe  
National Business Review; April 13, 2014
A Labour led government would impose a capital gains tax of 15% on realised gains from investment property. He says the family home would be exempt, Labour leader David Cunliffe told TVNZ’s Q+A programme this morning. 
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'Paper thin' surplus, no ban on foreign house buyers - English on Budget 2014 
National Business Review; April 12, 2014
Finance Minister Bill English says he's confident government books will reach a “paper-thin” surplus in 2014/15 
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Fears of highway up Brook revealed
Nelson Mail; April 11, 2014
The Brook Valley's new community group is suggesting that a secret agenda to build a motorway extension from Stoke to the city could be behind the Nelson City Council's proposal to shut the Brook Valley Holiday Park.
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Tsunami line proves no bar to a good house price
New Zealand Herald; April 11, 2014
Hazard zone markings appear to have no negative impact on house prices - which will be a relief to residents of Wellington's south coast suburbs as new tsunami lines are drawn.
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Lodgings offer ultimate in convenience
New Zealand Herald; April 11, 2014
The hidden cost and hassle of going flatting has boosted business for a chain of new-style boarding houses on former suburban office sites.
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NZ dollar falls against Aussie
New Zealand Herald; April 11, 2014
The New Zealand dollar extended its decline against its trans-Tasman counterpart after figures showed Australian unemployment unexpectedly fell last month.
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REINZ says annual house price inflation surged to 9.2% in past month from 8.2%; national median rose $25k in month to new record $440k
interest.co.nz; April 11, 2014
House price inflation rose to an annual rate of 9.2% in February, up from just 8.2% in February, while the national median price stormed to a new record high of $440,000, up $25,000 in just a month, according to the Real Estate Institute.
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FMA says peer-to-peer loans could be used to help fund house purchases
interest.co.nz; April 11, 2014
A potential new path around the Reserve Bank's restrictions on low equity mortgage lending is about to be born.
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Vineyard set to join global luxury goods group
Stuff.co.nz; April 10, 2014
The sale of a Central Otago vineyard to a global luxury goods group will be a boost for the region and expand its reputation as a top-quality Pinot Noir growing area worldwide, the Northburn Station chief executive says.
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Manufacturing expands for 19th month
New Zealand Herald; April 10, 2014
New Zealand's "buoyant" manufacturing sector expanded for the 19th consecutive month in March as domestic demand for goods and fast-growing Asian economies fuelled economic momentum through the first quarter of 2014. The employment index reached a seven-year high.
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Auckland Council Chief economist says high net migration will 'significantly bolster' housing demand in the city this year
interest.co.nz; April 10, 2014
High net levels of net immigration into Auckland are the 'major swing factor' for housing activity and could 'significantly' bolster housing demand in the Auckland region this year.
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Local bodies consider targeted taxes
Stuff.co.nz; April 10, 2014
Targeted local government taxes on people living in, working in, or even visiting a region could be on the way.
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Editorial: Ditching dual water plan makes sense
New Zealand Herald; April 10, 2014
Stonefields, a village-style residential development in what was the Mt Wellington quarry, has branded itself with environmental "sustainability".
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First-home buys fall: report
New Zealand Herald; April 10, 2014
The proportion of first-home buyers in the market has declined in most of the main centres since mortgage-lending restrictions came in six months ago, a report says.
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City jobless at six-year low
New Zealand Herald; April 10, 2014
Auckland's unemployment rate has dropped to its lowest level in six years, buoyed by economic growth and the associated demand for workers to the point where 48,000 new jobs were created in the city last year.
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John Bolton argues interest rates will track below what the market is pricing in
interest.co.nz; April 10, 2014
The next Reserve Bank Official Cash Rate (OCR) announcement is on 24th April 2014. We will almost certainly see another 0.25% increase in the OCR to 3.00% on that date.
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Key cites Tony Alexander's research in saying net buying of homes by foreigners may be "zero"; Cunliffe points to Chinese home buyers by phone
interest.co.nz; April 9, 2014
Prime Minister John Key has argued in Parliament that net buying of homes by foreigners may be as low as zero, citing research by BNZ Chief Economist Tony Alexander.
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'Once in two centuries' Marlborough opportunity
National Business Review; April 10, 2014
A farm called Taradale in the outer Keneperu Sound, Marlborough is for sale for the first time in 152 years.
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US academic says targeted rather than nationwide response to rising Auckland house prices would be 'prudent'
interest.co.nz; April 9, 2014
A US academic, writing for Treasury, has added his voice to those who felt that the Reserve Bank would have been better to target Auckland for LVR 'speed limits' rather than the whole country.
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What Auckland Council will oppose in new quake building law
National Business Review; April 9, 2014
Auckland Council plans to make a myriad of objections against the new building law created to prevent earthquake-prone buildings.
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Low-geared local authorities mull new ways to raise funds in addition to property taxes
National Business Review; April 9, 2014
New Zealand's local authorities are to review the options they have to raise funds, saying their reliance on property tax as their main tool is becoming less sustainable as populations grow and change.
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CBD offices shifting to waterfront
New Zealand Herald; April 9, 2014
The next wave of office development is under way in Auckland with much of it focused on land near the waterfront in the central business district, says John Church, Bayleys general manager commercial and industrial.
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Research on QV.co.nz shows LVR speed limits continue to knock back numbers buying first houses
interest.co.nz; April 9, 2014
The proportion of first home buyers in the market is continuing to drop in response to the Reserve Bank's 'speed limits' on high loan-to-value lending.
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NZIER QSBO finds businesses most confident about their own trading since June 1999; building investment intentions highest since 1975
interest.co.nz; April 8, 2014
Business confidence is galloping along at 20 year highs and capacity constraints are building in a way that is pushing up inflationary pressures and reinforcing the need for higher interest rates, the New Zealand Institute of Economic Research (NZIER) has said.
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Treasury reports budget deficit was NZ$884 mln worse than expected in 8 mths to Feb; GST, corporate and PAYE receipts below forecasts
interest.co.nz; April 8, 2014
The Government's budget deficit is running about NZ$550 million worse than expected because of weaker than forecast GST, PAYE and corporate receipts, but Treasury remains confident of a budget surplus in 2014/15.
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Weigh up risk versus premium
Stuff.co.nz; April 8, 2014
Frustrated by a roughly 40 per cent increase in Auckland house insurance premiums since the Canterbury earthquakes, one reader wrote to tell me that after 37 years he and his wife decided not to renew their cover.
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Rise of cranes seen as good sign for NZ economy
New Zealand Herald; April 8, 2014
New Zealand's crane population is booming with 71 up, compared to just 10 two years ago.
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Warkworth motorway extension flooding risk raised at hearing
New Zealand Herald; April 7, 2014
Risks of floodwaters washing "catastrophic" volumes of earth from construction of a 18.5-kilometre Auckland motorway extension to Warkworth have been raised early in a fast-track planning hearing which opened today.
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Construction boom revs up
New Zealand Herald; April 8, 2014
The country's busiest house builder expects to put up a third more homes this year and could build more than 1000.
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Seminars open doors to bank of Mum and Dad
New Zealand Herald; April 8, 2014
Mortgage loan restrictions are making the "bank of Mum and Dad" so popular that one bank is running seminars on the best way for people to structure the deals.
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Key says Treasury advised Govt that new spending over NZ$1 bln would put extra pressure on RBNZ to raise mortgage rates
interest.co.nz; April 7, 2014
Prime Minister John Key has revealed the Government asked for a special analysis from the Treasury of how much extra it could spend in the May 15 budget without putting extra upward pressure on interest rates.
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Key sees little need for inquiry into non-resident buying of Auckland property; says house prices, rents now suggest foreign demand not an issue
interest.co.nz; April 7, 2014
Prime Minister John Key has rejected Winston Peters' call for a ban on non-resident buying of houses, saying he saw little evidence it was a problem, given both rents and prices were no longer rising so fast in Auckland.
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Economic forecaster Infometrics picks 14% house price inflation in 2015-16
interest.co.nz; April 7, 2014
Economics research and forecasting group Infometrics is picking that house prices will soar next year, with house price inflation peaking at 14% in 2015/16.
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Fonterra reviews the varying influences on worldwide dairy supply and demand; assesses how its products can respond
interest.co.nz; April 7, 2014
Fonterra’s assessment of published industry statistics indicates that global trade in dairy ingredients has grown more than 7% per annum since the financial crisis in 2008/09, reaching 13.9 million MT in 2013.
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New Zealand risks ‘missing golden opportunity in agriculture’ a new Rabobank report on competitiveness warns
interest.co.nz; April 7, 2014
New Zealand risks missing ’a golden opportunity’ to grow its agricultural sector, and addressing this will require a coordinated, joint approach from across the sector, a new report on the competitiveness of New Zealand agribusiness has warned.
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House values rise at the slowest annual pace in six months in March, QV says
interest.co.nz; April 7, 2014
New Zealand property values increased at the slowest annual pace in six months in March as lower Christchurch valuations, high-debt lending restrictions and interest rate hikes weighed on the market.
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Wellington's confidence rising
Stuff.co.nz; April 7, 2014
Business confidence in Wellington has taken off since the middle of last year, rebounding as the national economy gains steam.
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Hi tech industrial site for tender
New Zealand Herald; April 5, 2014
A modern, high quality industrial complex leased to one of the world's largest animal healthcare companies is up for sale in a rapidly developing part of East Tamaki.
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Delegats' centre offers vintage opportunity in Glendene
New Zealand Herald; April 5, 2014
An industrial centre leased to NZX-listed Delegats Wine Estates in the tightly held West Auckland industrial precinct of Glendene is up for auction.
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Brian Gaynor: Watch out for that bubbly feeling...
New Zealand Herald; April 5, 2014
The bubble word is increasingly being used to describe residential property markets in many countries.
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Why revolving credit might be a smarter home loan arrangement than switching to a fixed rate mortgage
interest.co.nz; April 7, 2014
Nothing seems more certain than rising home loan interest rates in 2014, especially floating rates.
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NZD rises after US payrolls report; eyes on QV and QSBO; Canada also making jobs progress
interest.co.nz; April 7, 2014
The NZD/USD was one of the strongest performers following the US payrolls release. It ended the week at 0.8600.
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Bernard Hickey queries John Key's claim that a pre-election "lolly scramble" would obviously push up interest rates just like the 2005 one did
interest.co.nz; April 6, 2014
Prime Minister John Key cut to the heart of his political and economic strategy this week when he posed this question to voters:
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Ban on foreign ownership of farms, homes a bottom line - Peters
National Business Review; April 6, 2014
Mr Peters still don't be drawn on which political party he would support after the election, but he told TVNZ's Q+A that addressing the issue of foreign ownership of farms and residential property has always been a bottom line for New Zealand First.
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Huge opportunity for private builders in new state house policy, says English
National Business Review; April 5, 2014
Finance Minister Bill English is urging infrastructure and construction firms to recognise opportunities to build the next generation of state houses as he predicts reforms that kick in mid-month will make the government the largest player in the medium density housing market.
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NZ stocks join global rally, led by Telecom
tvnz.co.nz; April 3, 2014
New Zealand shares snapped a three day decline, joining a global rally on positive US job data and factory orders. Telecom led the benchmark index higher as international investors sought exposure to the kiwi market, while units in Fonterra Shareholders' Fund rose on lower input prices.
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NZ dollar gains against euro
tvnz.co.nz; April 4, 2014
The New Zealand dollar advanced against the euro after European Central Bank president Mario Draghi signalled the bank was ready to take further steps to counter low inflation.
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Backing for innovative subdivision
Stuff.co.nz; April 4, 2014
Christchurch City councillors have unanimously endorsed concept plans for an innovative subdivision in Halswell.
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Apartment complex planned for Christchurch
Stuff.co.nz; April 4, 2014
A $75 million development near Cranmer Square could become central Christchurch's biggest apartment complex since the earthquakes.
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HSBC's 'rockstar' economist has no concern over rising Aussie house prices and sees no place for NZ-style 'macro-prudential tools' across the ditch
interest.co.nz; April 3, 2014
The man who has styled New Zealand as the "rockstar" economy of 2014 is still adamant there's no housing bubble in Australia despite strongly rising prices across the Tasman and he rules out the need there for "macro-prudential tools" of the type now being employed here through the LVR limits.
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Fonterra wins 10-year contract to supply Woolworths in Australia’s Victoria state
National Business Review; April 3, 2014
Fonterra Cooperative Group [NZX:FCG], New Zealand's dominant dairy exporter, has won a contract to supply Woolworths home-brand milk in the Australian state of Victoria for the next 10 years, wresting the previous one-year supply agreement off Japanese Kirin-owned Lion.
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Home of the Year divides the community
3 News; April 2, 2014
How much space do we need to live well? Not much if you believe the judges of 2014's Home of the Year.
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Skilled scaffold workers becoming harder to find
Stuff.co.nz; April 3, 2014
A nationwide shortage of skilled scaffolders could stall New Zealand's booming construction sector unless the Government takes action, industry insiders have warned.
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Council gives green light to development plans
Stuff.co.nz; April 3, 2014
A structure plan for a 150-hectare block of bare land could see it developed "sooner rather than later", Auckland mayor Len Brown says.
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Grab low home rates but pay back more, survey says
New Zealand Herald; April 3, 2014
Homeowners could save more than $90,000 over the life of their mortgages by shopping around, according to an analysis of 95 floating home loans.
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Realestate.co.nz reports 7.1% increase in Auckland house listings in March; national average asking price a record $484k
interest.co.nz; April 2, 2014
A seasonally-adjusted 7.1% rise in Auckland house listings in March helped lift the total of new house listings nationally by 2% in the month, according to Realestate.co.nz.
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Avondale Jockey Club subdivides land
National Business Review; April 3, 2014
Avondale Jockey Club in Auckland hopes to clear its $2.75 million debts with the sale of land for residential subdivision.
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Biggest retail outlet in north going...
National Business Review; April 3, 2014
A Placemakers outlet in Kerikeri will be auctioned next month as part of Bayleys' latest big Total Property auction for the year.
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Foreigners buy landmark Taranaki farm
Stuff.co.nz; April 2, 2014
The landmark Onetai Station at Awakino in North Taranaki has been sold to an overseas company.
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Heartland buys remains of reverse-mortgage firm Sentinel
Stuff.co.nz; April 2, 2014
Heartland has completed a deal to snap up the remains of Sentinel and a related Australian company for $87 million.
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Westpac economists see a combination of weaker dairy prices and a strong Kiwi dollar reducing inflation pressure
interest.co.nz; April 2, 2014
A continuation of weaker global dairy prices and a high Kiwi dollar might reduce inflationary pressures and lead to the Reserve Bank requiring fewer hikes in interest rates, according to Westpac economists.
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Allan Barber says that although the meat industry is far from out of the woods, a range of important improvements give real hope for a future
interest.co.nz; April 2, 2014
This season shows many of the normal characteristics of the red meat sector, but it’s getting harder than ever to unravel the complexities of an industry which epitomises Winston Churchill’s 1939 quip about Russia - a riddle wrapped in a mystery inside an enigma
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Key says Budget 2014 will not be pre-election 'lolly scramble'; new spending allowance will stay at NZ$1 bln; focus on using surpluses after 2014/15 to repay debt
interest.co.nz; April 2, 2014
Prime Minister John Key has pledged not to deliver a pre-election "lolly scramble" in the May 15 Budget, saying the Government plans to stick with its previous commitment for new discretionary spending of NZ$1 billion and use surpluses after 2014/15 to repay debt and reduce the upward pressure on interest rates
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Dairying fuels Ngai Tahu's $1.5b drive
Stuff.co.nz; April 2, 2014
Over the next 15 years Ngai Tahu expects to build the value of its agricultural investment to more than $1.5 billion, helped by its conversion of forestry land into dairy farms.
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Creative subdivision planned
Stuff.co.nz; April 2, 2014
An innovative subdivision featuring 320 new homes is planned for Halswell.
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Curbs on first home may ease up a little
Stuff.co.nz; April 2, 2014
First-home buyers might get some relief in applying for mortgage loans, economists say.
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Bit of know how and some can do
New Zealand Herald; April 2, 2014
One of the Far North's largest retail properties, the PlaceMakers complex in Kerikeri, will go under the hammer next week as part of a Bayleys Total Property auction.
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NZ houses on China's top-10 list
New Zealand Herald; April 2, 2014
New Zealand is on a list of the top 10 most searched for countries by Chinese house-hunters, figures compiled from China's largest property search engine reveal.
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Farmers offered guaranteed milk payout
New Zealand Herald; April 1, 2014
Fonterra's farmer members will be offered two opportunities to lock in the price paid for a percentage of their milk in the 2014/15 season following a successful trial run of the scheme in the current season.
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IMF calls on Govt, Opposition to keep fiscal policy tight to help RBNZ withdraw stimulus from economy growing above trend; NZ$ 5-15% over-valued 
interest.co.nz; April 1, 2014
The International Monetary Fund has delivered its annual verdict on the New Zealand economy, calling on whoever is in Government after the September 20 General Election to keep budget policy tight to help the Reserve Bank contain inflationary pressures in an economy growing faster than trend.
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RBNZ's latest bulletin says banks' share of low deposit lending has shrunk more than it expected when it introduced LVR 'speed limits'
interest.co.nz; April 1, 2014
The Reserve Bank's admitting surprise at how far down the level of banks' high loan-to-value lending has sunk since the RBNZ introduced 'speed limits' on high-LVR lending in October.
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Chinese snap up another vineyard 
National Business Review; April 1, 2014
Ling Hai Group has acquired the Castlebrae sheep, beef and viticultural property at the mouth of the Awatere River near the top of the South Island.
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China dependence, housing pose biggest economic threats – IMF
National Business Review; April 1, 2014
A sharp slowdown in the Chinese economy is the biggest external threat to the New Zealand economy, the IMF says in its annual checkup.
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Westpac economists are encouraged by talk the LVR limits will be lifted and say there are 'ominously few' examples overseas of such restrictions ever being removed
interest.co.nz; March 31, 2014
Westpac economists are encouraged to hear the Reserve Bank talking about an exit strategy from the limits on high loan-to-value lending and say this country could become an "exception" by removing them
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Building consents for new houses, excluding apartments, rose 3% in February, according to Statistics New Zealand
interest.co.nz; March 31, 2014
House building activity was on the rise again last month after taking a bit of a pause in January, with figures excluding apartments rising to a nearly six-year high.
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Household borrowing still growing only steadily
interest.co.nz; March 31, 2014
The level of household borrowing is still growing only steadily and at a pace that is likely to satisfy the Reserve Bank.
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Residential building consents fall 1.7% in Feb, led by apartments
National Business Review; March 31, 2014
New Zealand building consents for residential housing fell 1.7 percent in February, the second straight monthly decline, as the number of apartments extended their decline from record levels at the end of 2013.
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Radio hub tipped as sound buy
New Zealand Herald; March 29, 2014
An Auckland CBD commercial building that has been occupied by radio stations for nearly 25 years is for sale.
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Demand tipped to up Auckland apartment rents
New Zealand Herald; March 31, 2014
Average Auckland apartment sale prices rose more than a third in the past two years yet rents were static. But that could be about to change.
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Lending rules spur 'mini-crash'
New Zealand Herald; March 30, 2014
Tough new mortgage lending rules have seen house prices dip in suburbs that usually appeal to first-time buyers. But that means bargain prices for investors and those with big deposits.
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Rising mix and match mortgages
New Zealand Herald; March 31, 2014
More mortgage holders are opting to split their home loans into fixed and floating rate portions after the recent cash rate increase, say banks.
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Bernard Hickey says an election debate based on gossip from auction rooms or the musings of estate agents is no substitute for proper policy analysis
interest.co.nz; March 28, 2014
We're at that point with a debate that could easily dominate the election campaign: foreign ownership of homes in Auckland.
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Dairy factories spending up
Stuff.co.nz; March 28, 2014
South Island dairy processors are upsizing with nearly $135 million of extra factory investment to chase a growing milk powder export market.
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Reserve Bank hints at LVR removal
Stuff.co.nz; March 28, 2014
The Reserve Bank has given the first indication it is considering easing or removing restrictions on low-deposit mortgages.
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Phil Twyford argues Labour's plan to build 100,000 houses in 10 years could cut building costs by NZ$57,000 per home
interest.co.nz; March 28, 2014
Housing Spokesman Phil Twyford has argued Labour's 'Kiwibuild' policy of building 100,000 houses in 10 years could prove the catalyst for a structural shift lower in building costs as it would generate the economies of scale in pre-fabricated building and bulk buying of materials that could reduce costs by NZ$47,000 or more than 20% per home.
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Dam risk-return a no-goer for Trustpower
Stuff.co.nz; March 28, 2014
A major backer of the Ruataniwha dam scheme has pulled out, saying returns on investment will not be high enough.
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Record year for export sector
Stuff.co.nz; March 28, 2014
The export sector is set for a record-breaking year after a golden trade surplus of $818 million in February on booming exports of milk powder, logs and sheep meat, especially to China.
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RBNZ's Grant Spencer says rising interest rates give greater scope to ease or remove LVR restrictions
Interest.co.nz; March 28, 2014
The Reserve Bank appears to be laying the groundwork for an end to its experiment of restricting banks' high loan-to-value ratio (LVR) residential mortgage lending, with Deputy Governor Grant Spencer saying as interest rates rise to more normal levels, there'll be greater scope to ease or remove the restrictions.
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Good progress' made on tackling Auckland's housing
Stuff.co.nz; March 26, 2014
The plan to combat Auckland's housing crisis is on track with 3600 new sections created in its first four months.
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Unsuitable farming land now home to 900 hives
Stuff.co.nz; March 27, 2014
It is a hot summer afternoon at SummerGlow Apiaries just outside of Te Kowhai. Bees hoon around the house, sounding like small cars coming and going on a highway.
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RBNZ says banks increased low equity mortgage lending to 4.2% of total new mortgage lending in February, up from just 3.8% the previous month
interest.co.nz; March 26, 2014
Banks let their belts out a little in the past month and increased the portion of high loan-to-value mortgage commitments for the first time since 'speed limits' were introduced on LVRs by the Reserve Bank in October.
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Consent targets on track - report
New Zealand Herald: March 26, 2014
Would-be homeowners in Auckland can be optimistic after new figures show the number of consents for new houses, sections and apartments in Auckland are on track to exceed targets and prices are slowing, Housing Minister Nick Smith says.
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Urban renewal a vision with growing pains
New Zealand Herald: March 27, 2014
Whole new towns are taking shape within metropolitan Auckland after nearly a dozen years of planning and half a billion dollars of public spending to encourage developers.
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Auckland landlords lead in capital gains
New Zealand Herald: March 27, 2014
Auckland landlords are making more capital gains off their rental properties than those elsewhere, a trend predicted to speed up in the next few years.
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Rodney Dickens likes what he has seen of the new community focus for providing social housing, aiming for a 20% share
interest.co.nz: March 26, 2014
Rather than largely going it alone, as was the case in the past, the government is now actively encouraging community groups/trusts to get involved in the provision of housing for the low income and disadvantage (i.e. social housing).
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K' Rd building a real education
New Zealand Herald: March 26, 2014
A seven-level commercial building on a prominent corner of Karangahape Rd is being offered for sale fully leased to three education providers and a Gloria Jean's Coffees outlet.
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New regs to test council performance
New Zealand Herald: March 26, 2014
Local authority cost blowouts will be flagged much earlier under Government changes being introduced, says a leader in the sector.
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Day care centres boost retail traffic
New Zealand Herald: March 26, 2014
Daycare centres are becoming anchor tenants in new commercial developments across Auckland with more women returning to work and an increasing population of children.
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Fonterra's earnings drop as forecast but record cash payout forecast maintained
interest.co.nz: March 26, 2014
Fonterra's interim earnings have dropped sharply in line with the co-operative's projections, but it has maintained it's record cash payout forecast for the year.
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Landmark Mt Eden opportunity
New Zealand Herald: March 25, 2014
A landmark mixed-use Mt Eden property that has occupied a prominent corner position on Mt Eden Rd for more than a century is on the market after undergoing a major reconstruction and refurbishment.
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Opinion: The big banks are already showing signs that they will use the rising interest rate environment to battle hard for market share
interest.co.nz: March 25, 2014
Would-be home buyers, and those already with mortgages, should, in my view, be encouraged by the initial response of banks to the Reserve Bank's recent raising of official interest rates.
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Thousands more apprentices needed, says training group
Stuff.co.nz: March 25, 2014
The building industry needs 5000 more apprentices immediately if it is to meet demand, according to the Building and Construction Industry Training Organisation (BCITO).
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Sheep breeding experts head for the hills
Stuff.co.nz: March 25, 2014
Which sheep breeds perform best in the hill country? That's the million dollar question.
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Waimakariri home ownership leads country
Stuff.co.nz: March 25, 2014
Waimakariri district has topped New Zealand's home ownership rankings, with more than four out of five households occupied by their owners.
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Dollar little changed as manufacturing reports raise concerns about global growth
National Business Review: March 25, 2014
The New Zealand dollar was little changed as manufacturing reports from major overseas economies raised concerns about global growth.
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Elizabeth Davies questions what she is willing to sacrifice to claw her way into home ownership
interest.co.nz: March 24, 2014
I’m about to turn twenty four, for all intents and purposes I’m still very young. Half of you will tell me that I need to start planning for and thinking about the future now. The other half will remind me how young I am and tell me to stop stressing
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Bernard Hickey looks at how the generations before and after the Rogernomics and Ruthanasia revolutions of 1984-93 have fared in terms of poverty, home ownership and incomes
interest.co.nz: March 23, 2014
This week I stumbled across a frightening piece of footage that took me back to an era I hadn't thought about for a long time.
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Mortgage broker says RBNZ's interest rate hike has prompted surge of people seeking to break fixed mortgage deals and get a longer term loan
interest.co.nz: March 24, 2014
An Auckland mortgage broker says there's been a surge of people looking to break existing fixed mortgage deals and seek longer term contracts following the Reserve Bank's recent raising of official interest rates
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Hotel operator planning up to $50 million investment in New Zealand
New Zealand Herald: March 24, 2014
Choice Hotels, which operates in 40 New Zealand locations, is looking for seven to eight new properties worth $40 million to $50 million this year.
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Demand rising in bounce-back economy
New Zealand Herald: March 22, 2014
A major improvement in the economy and a big bounce-back in business confidence is fuelling a significant uplift in activity in business sales, say two Bayleys agents specialising in the market.
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Foreign bids for NZ assets tipped to rise
New Zealand Herald: March 24, 2014
More foreign buyers are likely to make bids for New Zealand assets this year with China at the forefront, according to a report by Chapman Tripp.
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Banks may be back promoting high LVR mortgages from next month after adapting to 'brutal' change
interest.co.nz: March 21, 2014
Banks could be back openly marketing home loans to customers with less than a 20% deposit as soon as next month, says BNZ's director of retail banking Andy Symons.
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New Zealand records its highest net monthly migration gain in over 10 years, according to Statistics New Zealand
interest.co.nz: March 21, 2014
The monthly inflows of migrants into New Zealand are continuing to go up and up, with a new nearly 11-year high set in February, according to Statistics New Zealand.
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Business investment surge leads economic rebalancing
National Business Review; March 20, 2014 
Cautiously, just carefully, we might entertain the notion that an "economic rebalancing" is underway.
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Plan aims for growth in region
Stuff.co.nz; March 20, 2014 
Wellington's under-performing economy is behind moves to create a single regional economic development agency to boost growth which has been labelled "anaemic".
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The perfect point of view
New Zealand Herald; March 20, 2014 
Without realising it, Anne McFadyen has been inching her way towards the water's edge at Pt Chevalier almost all her life. She was born here and schooled here, and a large slice of her life has been lived here with her husband, Graeme, bringing up their family.
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Closing the gap: Iwi keen to buy up state houses
New Zealand Herald; March 20, 2014 
A Bay of Plenty iwi is in talks with the Government to buy state houses in its area that it says would be used to house Maori and Pakeha.
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Auckland CBD landlords' outlook looking rosy
National Business Review; March 20, 2014 
Record high business confidence and improved employment prospects are proving a boon for Auckland office landlords.
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Record dairy exports shrink current account deficit to 3.4% in calendar 2013; improvement offset by rising profits by foreign firms; net debt falls to 66.6%
interest.co.nz; March 19, 2014 
Statistics NZ has reported New Zealand's current account deficit in calendar 2013 fell to NZ$7.5 billion or 3.4% of GDP from NZ$8.9 billion or 4.1% of GDP in the year to the September quarter.
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What rising interest rates mean for equity investors
National Business Review; March 19, 2014 
Interest rate rises slow the economy and increase a businesses' cost of capital, squeezing equity investors' returns.
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Labour: Use wood, or face questions
Stuff.co.nz; March 19, 2014 
If Labour has its way government-funded low rises will in future be built out of timber – or departments will have to explain why they picked other products.
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Key: China currency deal a boost
Stuff.co.nz; March 19, 2014 
New Zealand has become one of the first countries in the world to be allowed direct currency trading with Chinese, a move aimed at reducing the cost of business in the economic superpower.
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White-collar groups lift office rents
New Zealand Herald; March 19, 2014 
Banking, insurance and professional services are major employment groups that dominate growth in Auckland and they are putting upward pressure on commercial property rents as they expand into an already tight office market, says Colliers International's latest research report.
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Ryman plans $690m Auckland spendup
New Zealand Herald; March 19, 2014 
Ryman Healthcare will invest $690 million in Auckland, building five of eight new villages in the city including one $210 million project.
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Net household financial assets reach highest level ever in 2013
interest.co.nz; March 18, 2014 
New Zealand Inc, as measured by household financial assets, had a strong 2013, according to new figures released by the Reserve Bank.
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Milking their way toward a million dollars
Stuff.co.nz; March 18, 2014 
Cows are a sharemilker's greatest asset. And Winton sharemilkers Steve and Tracy Henderson are focused on looking after their cows and young stock the best they can.
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Census 2013: Property ownership keeps falling
New Zealand Herald; March 18, 2014 
The number of homeowners in New Zealand continues to fall, with fewer than half of all Kiwis owning their own property, new Census figures show.
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Racing board wants to sell and lease back
National Business Review; March 18, 2014 
The six level head office of the New Zealand Racing Board in Petone is for sale by tender.
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Former Star site to get new carpark and cafes
New Zealand Herald; March 18, 2014 
The long-vacant ex-Auckland Star site between Fort St and Shortland St could soon get a carpark.
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TVNZ renovation a 'game-changer'
New Zealand Herald; March 18, 2014 
The development of SkyCity Entertainment Group's controversial $402 million international convention centre is drawing closer.
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Capital most desired city to move to
Stuff.co.nz; March 18, 2014 
Wellington is the New Zealand city most workers would like to shift to, but it's Waikato where they're the happiest.
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Better to lease, not buy, Govt tells China
Stuff.co.nz; March 18, 2014 
The Government has signalled to China it would be politically easier if it focused on leasing land in New Zealand rather than buying it outright.
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First-home buyer numbers fall
Stuff.co.nz; March 17, 2014 
Reserve Bank limits on low-deposit mortgages are cutting down the proportion of first-home buyers, a survey says.
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Latest BNZ-REINZ Residential Market Survey shows that buyers from China account for 25% of NZ houses bought offshore
interest.co.nz; March 17, 2014 
Buyers from China account for one in every four of New Zealand houses sold to offshore buyers, according to the latest BNZ-REINZ Residential Market Survey.
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Four motels on rising tourism tide
New Zealand Herald; March 16, 2014 
Four motel properties and businesses in Hamilton, Rotorua, Gisborne and Taranaki are for sale as part of Bayleys' latest commercial and industrial portfolio and are being marketed by the agency's representatives based in each of the four regions.
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Fletcher calling in overseas grunt
New Zealand Herald; March 17, 2014 
New Zealand's largest construction company will bring some of the world's biggest builders here for the $4 billion-plus new public private partnership contracts it wants to win.
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Economic growth probably slowed to 0.9% pace in 4Q while current account gap shrank
National Business Review; March 17, 2014 
New Zealand's economic growth probably slowed in the fourth quarter, after a dairy sector-driven spike three months earlier, while the continued growth in primary exports helped shrink the nation's current account deficit.
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Govt doing all it can for households hit by interest rates rises - English
National Business Review; March 16, 2014 
The Finance Minister Bill English told TVNZ’s Q+A programme that the Government is doing all it can to help households affected by interest rate rises:
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Mayor's office: 'major issues' with unitary plan's mana whenua provisions.
National Business Review; March 14, 2014 
Official documents reveal Auckland Council staff believe there are "major issues" with draft unitary plan provisions which will require consent applicants to consult more closely with iwi.
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Kiwibank lifts floating mortgage rate by 25 bps to 5.9% from Monday; also increases short term deposit rates by same amount
interest.co.nz; March 14, 2014 
Kiwibank has announced rises in its mortgage rates from Monday, following on the heels of ANZ and ASB, which announced increases on Thursday.
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10 places to rent in New Zealand for $400 - $450
New Zealand Herald; March 13, 2014 
The average household income for New Zealand is now $64,000, with housing costs makes up a large portion of expenditure.
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Wheeler: Why we're hiking interest rates
National Business Review; March 14, 2014 
The classic description of how monetary policy operates is that central bankers, like our very own Reserve Bank, "take away the punch bowl just as the party is getting going".
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ANZ to increase floating mortgage rates by 25 basis points and flag ship savings account rate by 25 basis points
interest.co.nz; March 13, 2014 
Hot on the heels of today's 25 basis points increase to the Official Cash Rate, the country's biggest bank has unveiled increases to its floating mortgage rates and "Serious Saver" savings account.
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Auckland's carbon plan for houses criticised
3 News; March 13, 2014 
An Auckland Council proposal to make 95 percent of houses in the city more energy efficient has been criticised by a homeowner's association
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Mortgage pain time: Official interest rate rises to 2.75 per cent
Stuff.co.nz; March 13, 2014 
The Reserve Bank is lifting official interest rate from 2.5 per cent to 2.75 per cent, with more rises to come.
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Dam investors need plenty of cash
Stuff.co.nz; March 13, 2014 
Investors are being sought for the Ruataniwha dam, but only the wealthy need apply.
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Speedy economic growth predicted
Stuff.co.nz; March 13, 2014 
The economy will grow 4.5 per cent this year, the fastest pace in a decade, but the Reserve Bank will lift official interest rates to 5.25 per cent by early 2016, according to Infometrics forecasts.
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Reserve Bank to lift rates as housing market cools   
Stuff.co.nz; March 12, 2014 
Plunging house sale volumes will not be enough to dissuade the Reserve Bank from hiking interest rates tomorrow, which could lead to falling house prices, economists say.
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Christchurch's new property values searchable  
3 News; March 12, 2014 
From this morning, Christchurch homeowners will finally be able to check how much their property's value has changed since the city's quakes.
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Chinese company to buy public land 
Stuff.co.nz; March 12, 2014
A Chinese-owned dairy company wanting to buy Synlait has received Government approval to buy public land Synlait occupied "informally".
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Farmers' win sets coastal land precedent 
Stuff.co.nz; March 12, 2014
Almost 1000 hectares of Bay of Plenty coastal farmland has been saved from planned regional council environmental protection, in a move that has implications for farmers throughout the country.
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Grab low rates, say brokers 
New Zealand Herald; March 12, 2014
Mortgage brokers are urging borrowers to fix the interest rates on their loans and say it's not too late despite an expected increase in the official cash rate tomorrow.
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Property sales fall 7.6% in February as restrictions on high debt lending bite
National Business Review; March 11, 2014
New Zealand property sales fell 7.6 percent in February from a year earlier, which may indicate restrictions on high-debt lending are hindering first-home buyers, according to the industry body representing real estate agents.
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Dairy leaders do not regard negative survey of dairy farmers’ environmental record
interest.co.nz: March 11, 2014
Dairy industry leaders have reacted strongly to a survey saying the majority of New Zealanders believe dairy farmers expansion of dairying has worsened water quality in rivers, lakes and streams.
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Reserve Bank set to begin tightening cycle with first OCR hike since 2010
National Business review: March 10, 2014
The Reserve Bank is expected this week to act on its concerns that inflation will accelerate as the economy gains momentum by lifting its benchmark interest rate for the first time since July 2010.
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Loan caps fail to halt rise in values
Wairarapa Times Age: March 10, 2014
Wairarapa property values are up on last year despite the onset of Reserve Bank loan caps taking a toll on sales to first home buyers, says QV valuer Trent Bellingham.
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More action wanted on contractor retentions
National Business Review: March 7, 2014
The government is dragging its heels in protecting sub-contractors against the collapse of construction companies.
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Bayleys claims top Northland sales share
National Business Review: March 6, 2014
Bayleys says it has sold 20 Northland dairy farms since the beginning of 2013and nine have been to farmers from outside the region.
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Annual house price growth slowed to 9.3% in past month
interest.co.nz: March 6, 2014
The growth in house prices has slowed again in the past month, with the annual increase to February moderating to 9.3% in February from 9.6% in January and the peak of 10% in the year to December.
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Lower dairy prices today doesn't change need for RBNZ to normalise rates; Ukraine tension not over yet
interest.co.nz: March 5, 2014
The NZD is slightly stronger against the USD, helped by rebounding global risk appetite, sitting at 0.8380 this morning.
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Home loan curbs have changed game: report
New Zealand Herald: March 4, 2014
The Reserve Bank's restrictions on home lending have "changed the game" for New Zealand's banks and created unintended consequences, according to a report by KPMG.
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Banks lift interest income in 2013 as funding costs fall, margins stay flat
National Business Review: March 4, 2014
New Zealand's registered banks managed to lift their net interest income in 2013, in spite of intense competition in the residential mortgage market, as wholesale funding costs fell and banks eased off chasing retail deposits.
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More good NZ data expected today following strong business confidence data on Friday; OCR 'normalisation' imminent
interest.co.nz: March 3, 2014
NZ swaps yields closed up 1-2 bps on Friday. On Friday night, US 10-year yields failed to break above 2.70% and ended the week at 2.65%.
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Christchurch Three Years On: Biggest project in Housing NZ’s history
National Business Review: March 3, 2014
Canterbury is challenging Housing New Zealand, with one of the biggest projects in the organisation’s history.
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Business optimism now at highest level since March 1994, according to latest ANZ Business Outlook
interest.co.nz: Feb 28, 2014
The quickly strengthening economy's got businesses more upbeat now than they've been in just under 20 years, according to the ANZ's latest Business Outlook survey.
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Building consents slide 8.3% in January
National Business Review: Feb 28, 2014
New Zealand building consents for residential housing dropped 8.3 percent in January as the number of new apartments and retirement units dwindled from records in November and December.
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New Zealand records highest net monthly migration gain in more than 10 years
interest.co.nz: Feb 27, 2014
Migrants are continuing to flood into the country, with the biggest net gain of immigrants for over 10 years recorded in January.
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Dairy giant Fonterra hikes milk price forecast for a third time this financial year; forecasts total payout of $8.75
interest.co.nz: Feb 27, 2014
Fonterra's lifted its forecast Farmgate Milk Price for the 2013/14 season by 35 cents to a record level of $8.65 per kilogram of milk solids.
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Cavendish site centre of attention
New Zealand Herald: Feb 26, 2014
Eleven vacant retail units forming part of a new convenience retail development on a high profile site on Cavendish Drive in Manukau are up for sale as part of Bayleys' latest Greater Auckland portfolio.
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Christchurch Three Years On: Identifying problems before they arise
National Business Review: Feb 26, 2014
The leaky building crisis proved an apt training ground for property consultancy Hampton Jones
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Home loan affordability improves as prices fall after the RBNZ imposes LVR limits
interest.co.nz: Feb 25, 2014
Home loan affordability improved across most of New Zealand in January to its best level in five months as the Reserve Bank's speed limits on low deposit loans helped drive down median prices in the hottest markets.
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Markets uncomfortable with lower AUD or NZD; today's focus will be inflation expectations
interest.co.nz: Feb 25, 2014
The NZD/USD was one of the top performing major currencies overnight, up 0.6% to around 0.8340.
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Living the high life for $6.7 million
New Zealand Herald: Feb 25, 2014
At more than $6.7 million, a luxury Auckland penthouse is one of the city's most expensive apartments ever sold - and it hasn't even been built.
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Eyes on business confidence and inflation expectations as observers see a possible break lower for NZD
interest.co.nz: Feb 24, 2014
The NZD is essentially unchanged from Friday morning around 0.8280.
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Ups and downs in property market
New Zealand Herald: Feb 24, 2014
Property values in Whangarei and Kaipara continue to climb but the Far North has again slumped, new figures reveal.
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China acknowledges "the land is sick and we need to have fundamental change in agricultural management"
interest.co.nz: Feb 21, 2014
During a visit to Wellington a senior Chinese official has given a detailed and rare insight into why demand for New Zealand protein imports has risen so quickly in the past five years.
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Queenstown benefits from influx of visitors
National Business Review: Feb 20, 2014
Queenstown has enjoyed a boost in guest nights in the 2013 year.
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Dairy support units leading the charge as high confidence pervades the rural sector across the board
interest.co.nz: Feb 20, 2014
Soaring farm sales are reflecting the positive mood prevailing in the rural sector with the most sales in a 12-month period since February 2009 just recorded.
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Westpac chief economist says rising mortgage rates to be biggest drag on market, while impact of LVR limits already 'past its peak'
interest.co.nz: Feb 20, 2014
A slowdown in the housing market is now becoming "entrenched", with rising mortgage rates set to be the biggest drag on the residential sector this year, according to Westpac chief economist Dominick Stephens
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Latest RBNZ figures show mortgage approvals still well down on pre-LVR limits numbers, but rate of decrease has steadied.
interest.co.nz: Feb 19, 2014
The sharp rate of decline in the number of home loan approvals is gradually slowing as the banks accustom themselves to the impact of the Reserve Bank's restrictions on high loan-to-value lending.
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Mayor sets out economic plans, including attracting more investment, attracting more migrants, and public-private partnerships
interest.co.nz: Feb 19, 2014
Auckland Mayor Len Brown's set out his economic strategy for the city, which includes attracting more international investment, more migrants and public-private partnerships.
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A big bank trims two rates to meet challenges from rivals as wholesale rates soften
interest.co.nz: Feb 19, 2014
This morning Westpac has met the market for both the two year and the three year fixed home loan rates.
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Property values are climbing
New Zealand Herald: Feb 18, 2014
Wairarapa property values are climbing, but the rate of growth slowed across the country last month, new figures reveal.
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Latest BNZ-REINZ Residential Market Survey shows that house market confidence is returning and impact of LVRs is waning
interest.co.nz: Feb 17, 2014
The housing market is bouncing back strongly after the initial shock of the introduction of 'speed limits' on high loan-to-value lending, latest results from the BNZ-REINZ Residential Market Survey indicate.
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“Massive” increase in land and livestock values over the past 10 years presents investment opportunity for farmers

interest.co.nz: Feb 17, 2014
The sheep and beef sector has an “incredible” opportunity to realise on wealth most farmers don’t know they are sitting on.
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BNZ joins the rate cut party, trumping Westpac's Friday change; TSB raises its one year rate
interest.co.nz: Feb 17, 2014
Following Friday's rate cuts to their two year fixed rates by ASB and Sovereign, BNZ this morning has trimmed a rate of its own.
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NZD firm on upbeat local factories, weak US retail and rising AU unemployment; euro gains on rumour of a big deal pending
interest.co.nz: Feb 14, 2014
The NZD has crept a little higher to sit around 0.8340 this morning.
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Rare Friday rate change as Westpac pitches its 3 year rate to match two main rivals
interest.co.nz: Feb 13, 2014
Westpac has changed two home loan rates. It has removed its one year special, effectively raising it by 10 bps.
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Overtaking Christchurch's recovery growth, Auckland construction puts on the afterburners
interest.co.nz: Feb 13, 2014
The latest data for ready mix concrete production in New Zealand is now out for the December quarter of 2013.
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NZ's tallest office building to cost $350 million
National Business Review: Feb 12, 2014
Auckland Council has unveiled plans for a 52 storey building in downtown Auckland.
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Kiwibank adjusts home loan rates higher in the fixed 6 mth to 2 year terms; pressure builds ahead of March OCR review
interest.co.nz: Feb 11, 2014
Kiwibank has made some small changes to its fixed rate mortgage offers. It has increased its two year 'Special' for new home lending with a minimum of 20% equity to 5.99%, up 4 bps from 5.95%.
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ANZ economists caution against complacency as the NZ economy strengthens
interest.co.nz: Feb 10, 2014
ANZ economists are warning against what they term the 'croc' effect, which they say could undermine the promising economic recovery.
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NZ property values rise at slower pace in January, suggesting increased buyer caution, QV says
National Business Review: Feb 10, 2014
New Zealand property values increased at a slower pace in January, suggesting restrictions on high debt lending and looming interest rate rises may have prompted buyer caution
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NZD rises getting boosts from poor US payrolls report, better EM prospects, and improving AU confidence
interest.co.nz: Feb 10, 2014
The NZD/USD has benefitted from a general improvement in risk appetite, and more specifically from a soft USD on Friday night. It ended the week close to 0.8300.
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A way to intensify Auckland
National Business Review: Feb 8, 2014
As Auckland Council's Unitary Plan enters the last three weeks of the formal submissions period, with the upper hand held by low-rise suburbanists, intensification specialist Peter Chevin has been trying to build support for more development around nodes.
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Squeezed out of city office space
New Zealand Herald: Feb 5, 2014
Auckland's central business district needs a rapid and major pick-up in commercial building development, says John Church, commercial and industrial general manager for Bayleys Real Estate, writing in Bayleys Greater Auckland magazine.
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Growth of fixed-term mortgages by value keeps rising, reaching 58.6% of total in December as RBNZ holds off OCR increase until at least March
interest.co.nz: Feb 4, 2014
Reserve Bank Governor Graeme Wheeler's decision to hold off lifting the Official Cash Rate until at least March 13 is likely to dilute the impact of increases, at least a bit, when they do come.
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Realestate.co.nz says NZ residential property listings rose 5% in January year-on-year but inventory 10 weeks down on long-term average.
interest.co.nz: Feb 3, 2014
New residential property listings across New Zealand were 5% higher in January than the same month last year with the seasonally adjusted mean asking price up 8.2%, Realestate.co.nz says.
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High school dropout to $75m property baron
New Zealand Herald: Feb 3, 2014
On paper, it looks like Andy Davies owns half of Auckland. In real life, the $75 million-plus man wears holey jerseys, lives in a Freemans Bay "do-up" and is not above mixing concrete, dressed in shorts, with his workers on construction sites.
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BNZ economists expect a falling unemployment rate which may push up short-end yields.
interest.co.nz: Feb 3, 2014
NZ swaps pushed higher from the open on Friday to close up 8-9bps across the curve.
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There could be a 50bps jump during 2014 although this is not likely in March, as the OCR is pushed up 1.25% by year end
interest.co.nz: Jan 31, 2014
Yesterday the RBNZ left rates unchanged as expected. NZ swap and bond yields closed down 3-7bps across the board. Overnight US 10-year yields rose to 2.72%.
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Lift for Christchurch art gallery
National Business Review: Jan 31, 2014
Christchurch's earthquake-damaged civic art gallery has received a lift.
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Sheep farmers look forward to $15m genetic boost
National Business Review: Jan 30, 2014
The Government is due to invest $15 million over the next five years into sheep and beef genetics research.
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RBNZ holds OCR at 2.5% for 23rd time
interest.co.nz: Jan 30, 2014
The Reserve Bank has held off hiking the Official Cash Rate for the first time in four years, but has warned it expects to start increasing interest rates to "more normal" levels "soon."
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Home loan affordability improves in Auckland as prices fall, deteriorates in most of the rest of the country
interest.co.nz: Jan 29, 2014
Home loan affordability improved in Auckland in December as median prices dropped after three months of Reserve Bank restrictions on low deposit mortgages and amid growing expectations of higher interest rates.
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High-profile site ripe for revamp
New Zealand Herald: Jan 29, 2014
A large mixed-use zoned site with redevelopment potential on a high-profile corner site on Dominion Rd, Mt Roskill, will go under the hammer in early March. This is to be part of Bayleys Real Estate's first commercial and industrial property auction for the year.
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Okareka lakefront summer home for sale
New Zealand Herald: Jan 28, 2014
A lakefront home at Lake Okareka, which doubled every summer as an unofficial water ski academy for dozens of teenagers, including a national rugby coach, is for sale.
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Despite delays in China market penetration, and commissioning its lactoferrin plant, it is confident its strategy will pay off
interest.co.nz: Jan 28, 2014
Continuing high international commodity prices have resulted in Synlait Milk increasing its forecast milk price for the FY2014 season from $8.00 per kgMS to a range of $8.30 to $8.40 per kgMS.
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BNZ sees a "greater risk the RBNZ will ultimately raise by more than the 200 bps"
interest.co.nz: Jan 28, 2014
It was a quiet day in NZ markets given the Auckland anniversary day celebration and Australia day holiday.
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Despite the air of progress and calm in New Zealand, many other commodity-based economies are in strife, reports ANZ
interest.co.nz: Jan 24, 2014
In an ANZ morning briefing, the bank has pointed out some big shifts in international investor sentiment sweeping markets today.
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Reserve Bank stages complete back down on plans to have all banks include personal loans and credit card debts in LVR calculations
interest.co.nz: Jan 23, 2014
The Reserve Bank has gone into full reverse over plans to force the country's big four banks to include personal loans and credit card debt in their loan to value ratios (LVRs) on residential lending.
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Westpac follows BNZ with 1% credit card balance transfer rate
interest.co.nz: Jan 23, 2014
Westpac has followed rival BNZ and introduced a 1% interest rate for borrowers shifting debts to its credit cards.
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Huge Wanaka development set to begin
New Zealand Herald: Jan 23, 2014
By this time next year, the first buildings could be going up in Wanaka's single-biggest commercial and residential development.
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Auckland house prices fall
New Zealand Herald: Jan 22, 2014
National house prices hit a new high of $427,000 last month but new mortgage restrictions and a Christmas slowdown was blamed for the Auckland region prices falling $20,000.
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Inflation of 0.1% in Dec qtr higher than forecasts for deflation of around 0.2%;
interest.co.nz: Jan 21, 2014
Higher house building and electricity costs helped drive annual inflation to its highest level in almost two years in the December quarter, sparking a call from ANZ's economists for the Reserve Bank to hike the Official Cash Rate (OCR) as early as next Thursday.
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NZ dollar jumps as inflation stokes chance of early rate hike
National Business Review: Jan 21, 2014
The New Zealand dollar rose 0.8 percent after faster than expected inflation fuelled expectations the Reserve Bank may have to hike interest rates as early as next week.
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Tauranga NZ's second most unaffordable city
New Zealand Herald: Jan 21 2014
A combination of low incomes and high house prices has seen Tauranga branded the second most unaffordable New Zealand city, behind Auckland.
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National median house price hit fresh record high of $427,000 in December despite a $20,000 drop in Auckland to $600k
interest.co.nz: Jan 20, 2014
The national median house price rose to a fresh record high of $427,000 in December despite a $20,000 drop in the Auckland median price.
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Roger J Kerr says history says the NZD/AUD forays into the 0.9000’s never last long and the two economies eventually re-align
interest.co.nz: Jan 20, 2014
For many years the dominant influence over NZD/USD exchange rate movements has been AUD/USD rate changes.
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Demographia's 2013 survey - New Zealand housing markets
interest.co.nz: Jan 20, 2014
Today's release by Demographia of their 10th annual survey of 'median multiples' shows that New Zealand housing is 'severely unaffordable' when compared to international benchmarks.
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NZD approaches post-float high vs AUD
interest.co.nz: Jan 17, 2014
The NZD/USD sits a little higher at 0.8350 this morning, having touched as low as 0.8300 overnight.
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Quarter of cheap state houses sell
New Zealand Herald: Jan 16, 2014
First-home buyers have snapped up a quarter of the vacant state houses put up for sale by the Government, some for under $100,000.
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Five-year rates ''expensive"
interest.co.nz: Jan 16, 2014
It was a relatively quiet day in NZ markets. Swaps closed up 1-2bps while bond yields closed up 2-3bps.
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Industrial sector drives recovery
New Zealand Herald: Jan 15, 2014
The industrial sector is leading the Tauranga commercial and industrial property market along a steady, albeit slow, recovery path, says Dickie Burman, commercial and industrial manager for Bayleys Tauranga.
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NZ dollar holds gains as business confidence, property values fuel rate hike expectations
National Business Review; Jan 14, 2014
The New Zealand dollar held gains in local trading as strong business confidence, increased consumer spending and rising property values fuelled expectations the Reserve Bank will hike interest rates to keep a lid on future inflation threats.
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Property values rose 10% last year, LVR limits likely to bite this year, QV says
National Business Review: Jan 14, 2014
New Zealand property values climbed 10 percent last year due to the shortage of housing in Auckland and Christchurch, though Reserve Bank restrictions on low equity mortgage lending will probably start biting though the first half of this year, according to state-owned valuer Quotable Value.
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Biz confidence soars to 20-year high
New Zealand Herald: Jan 14, 2014
New Zealand business confidence climbed to a 20-year high in the fourth quarter, lifting expectations for profits, hiring and investments, and raising the prospects for inflation to start to accelerate.
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QSBO will set the tone for today's direction; 'solid' international investor risk appetite
interest.co.nz: Jan 14, 2014
The NZD/USD sits notably higher at 0.8370 this morning. The NZD was a beneficiary of fairly placid markets overnight and solid risk appetite, in the wake of last Friday’s payrolls release
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Rodney Dickens explores the impact the dairying 'revolution' is having on New Zealand, the consequences, and the prospects
interest.co.nz: Jan 13, 2014
There is nothing new about the current high dairy export prices in that the current levels are similar to earlier peak levels in 2007/08 and 2010/11.
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Borrowing strategy to offset adverse market movements - Roger J Kerr
interest.co.nz: Jan 13, 2014
Last Friday’s US employment number of only 74,000 new jobs (against forecasts of +195,000) looks like a rogue figure to me.
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NZ dollar gains after weak US jobs figures weigh on tapering expectations
National Business Review: Jan 13, 2014
The New Zealand dollar gained after weaker than expected US employment figures on Friday sapped optimism over the pace of the Federal Reserve's plans to scale back its asset purchase programme.
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NZ home building consents rise 11% in November, boosted by apartment developments
National Business Review: Jan 10, 2013
New Zealand building consents issued by local councils for new homes rose 11 percent in November, boosted by apartment developments.
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Apartments boost new building consents
New Zealand Herald: Jan 9, 2014
A boost in new apartment consents led to an 11 per cent rise in the number of new dwellings consented in November 2013, Statistics New Zealand said today.
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National asking prices eased in the last month of 2013 as new listings fell to record lows
interest.co.nz: Jan 9, 2014
The New Zealand property market registered the lowest number of new listings in December, foreshadowing a potential housing stock shortage in early 2014.
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Rate rise trends running out of steam; swaps and bond yields down, UST yields at bottom of recent range
interest.co.nz: Jan 8, 2014
It was a fairly quiet day in the NZ market, with yields closing down around 2bps across swap and bond curves.
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US exports surge; Eurozone inflation falls; natural disasters do less damage
interest.co.nz: January 8, 2014
The American trade deficit shrank more than forecast in November as oil imports dropped to the lowest level in three years and exports climbed to a record.
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NZ dollar gains after weak US data weighs on tapering expectations
National Business Review: Jan 7, 2014
The New Zealand dollar advanced after weaker-than-expected economic data in the US tempered expectations over how fast the Federal Reserve may start unwinding its monetary stimulus programme.
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Industry preview: Dairy’s river of white gold flows strong
National Business Review: January 6, 2014
Assuming this country endures no significant biosecurity incursions and Fonterra doesn't suffer another food safety scare, 2014 should again be "bullish" for New Zealand's dairy industry.
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NZ$ rises; gold up, crude oil down
interest.co.nz: January 6, 2014
Our exchange rate took a sharp turn upwards at the end of last week and starts today at an eight month high on the TWI. We rose across the board.
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Most big banks have now snuck rate hikes in before Christmas; BNZ only major to not have moved
interest.co.nz: December 23, 2013
More banks have pushed through mortgage rate increases to their fixed rates just before the Christmas holiday break.
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Sixty-five extra dwellings added to Auckland housing consent
National Business Review: December 20, 2013
Auckland Council has approved a house and subdivision consent for a fast-tracked south Auckland residential housing development with an extra 65 dwellings.
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Old bach, big section, surf bliss ... a recipe for mansion makeover
New Zealand Herald: December 20, 2013
One of the last untouched Kiwi baches at a popular surf beach - surrounded by million-dollar mansions - has gone on the market for the first time in more than 60 years.
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Auckland’s housing shortage: fast-track consent granted for $2b development
National Business Review: December 19, 2013
An earthworks consent has been granted for a precinct within the $2 billion, 3000-home Hobsonville Point development in Auckland.
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NZ heading for 7% growth next year - leading economist
National Business Review: December 18, 2013
If all the country's economic indicators are right, New Zealand should be headed for 7% growth next year, says a leading economist.
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Reserve Bank analysis suggests recent migrant inflow could increase house prices 7% and produce 150 extra building permits a month next year
interest.co.nz: December 18, 2013
The recent strongly surging migrant inflow could increase house prices by around 7%, and increase the number of monthly building permits by around 150 next year, according to Reserve Bank analysis.
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More across the board home loan rate rises announced
interest.co.nz: December 18, 2013
Westpac has raised its fixed and capped mortgage rates this morning with increases identical to those announced by ANZ yesterday.
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Impending FOMC decision has markets unsure, reluctant to take on more risk; high dairy incomes will boost incomes
interest.co.nz: December 18, 2013
The NZD/USD sits at a similar level as yesterday morning, at 0.8250, having traded above 0.8280 overnight.
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ANZ removes mortgage specials, raises fixed home loan rates across the board higher than wholesale rate increases
interest.co.nz: December 17, 2013
This morning, and effective immediately, ANZ has raised its fixed mortgage rates and withdrawn its 'specials'.
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New homes tipped to cool Auckland market
New Zealand Herald: December 17, 2013
Property experts say the Government's plans for another 10,000 new homes across Auckland should help ease housing affordability problems - despite some of them being built in expensive spots such as Takapuna.
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Queenstown property market outpaces European rivals
New Zealand Herald: December 16, 2013
Queenstown has emerged as an international heavyweight in the luxury ski resort property market, with new research showing property price growth in the tourist town outstripping traditional high-flying destinations in Europe and the US
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ANZ records highest September quarter residential mortgage volume growth
interest.co.nz: December 16, 2013
ANZ recorded the highest volume residential mortgage growth, Kiwibank the highest percentage growth, and ASB again got the highest percentage of its growth from high loan-to-value ratio (LVR) lending in the September quarter.
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Fonterra dilemma could trigger ComCom review
National Business Review: December 13, 2013
The unprecedented divergence between the price Fonterra gets for cheese and that for milk powder could lead to the Commerce Commission revisiting some of the assumptions underpinning the diary co-operative's milk price calculation, one analyst says.
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Adding low equity loans on new house builds to exemptions from lending restrictions not a back down
interest.co.nz: December 13, 2013
The Reserve Bank's decision to exempt high loan-to-value ratio (LVR) mortgages on new house builds from its "speed limits" on high LVR lending wasn't a back down, Governor Graeme Wheeler says, and the Reserve Bank's not considering any further changes to its LVR restrictions
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High-end house prices surging
New Zealand Herald: December 13, 2013
House prices in Auckland's blue-ribbon suburbs are rising fast, latest Real Estate Institute figures show.
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‘Run with the vendors if you want to broker deals’
New Zealand herald: December 12, 2013
The Watercare Services building and 203 Queen St are the latest in a clutch of Auckland office tower sales.
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RBNZ holds official cash rate at 2.5 pc
Stuff.co.nz: December 12, 2013
The Reserve Bank is holding its official interest rate at 2.5 per cent.
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The LVR backdown - why it happened and what it means
National Business Review: December 11, 2013
The Reserve Bank pulled a swifty this week ahead of tomorrow's policy decision; with a surprise announcement new houses will be exempt from its new lending restrictions for low deposit mortgages.
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Fonterra retains milk price forecast; picks full-year ebit of $500-600 mln; cuts dividend to 10c
interest.co.nz: December 11, 2013
Fonterra's announced a sharply reduced dividend for the next full year of just 10c per share, down from 32c.
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Pahiatua cheapest town for housing
Wairarapa Times Age: December 10, 2013
Pahiatua is the region's cheapest town to purchase a house while Greytown is home to Wairarapa's priciest digs.
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Home loan queries dive
New Zealand Herald: December 10, 2013
Banks say inquiry levels for those wanting to borrow money to buy a home have plummeted since the Reserve Bank's clampdown on low-deposit lending, leaving them scurrying to remind the public they are still open for business.
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NZ property values rise at 9.2% annual pace in Nov, QV says
National Business Review: December 9, 2013
New Zealand property values rose at a 9.2 percent annual pace in November, and continue to be driven by a shortage of houses in Auckland and Christchurch, although there appears to be some slowdown in buyer interest, according to state valuer Quotable Value.
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Westpac cuts standard floating mortgage rate to 5.64% for borrowers with less than 80% LVR
interest.co.nz: December 9, 2013
Westpac has opened up a new front in the battle for mortgage customers who have a loan-to-value ratio of 80% or less
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Last years drought had only a minor impact on dairy industry, North Canterbury performance shines
interest.co.nz: December 7, 2013
Despite a severe drought that resulted in a shorter milking season for many of New Zealand’s dairy farmers, milk production only decreased by 1.6% during the 2012/2013 season.
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Majestic farm likely to set record price

New Zealand Herald: December 7, 2013
A record price for a New Zealand farm is expected to be set with the sale of the biggest rural property to come on the market in the North Island - Lochinver Station on the Rangitaiki Plains, 32km southeast of Taupo on the Napier-Taupo highway
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Housing Minister announces further $31 mln to allow faster progress on 3000-house Auckland development
interest.co.nz: December 6, 2013
The Government has pumped another $31 million into the company overseeing Auckland's Hobsonville Point housing development.
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Loan restrictions buying time for Reserve Bank but intentions for monetary policy will become clearer next week
New Zealand Herald: December 6, 2013
Ask an economist a straight question and you are liable to get one of two answers: "It depends" or "It's too soon to tell".
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Weekly mortgage approvals reach highest level by both volume and value since RBNZ's low equity loan restrictions were introduced
interest.co.nz: December 5, 2013
A total of 6,574 mortgages were approved last week valued at $1.150 billion, the Reserve Bank says. This is both the most for a full week and the highest value of approvals since restrictions on banks' high loan-to-value ratio (LVR) residential mortgage lending were introduced.
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‘Critical’ juncture in Christchurch CBD rebuild – Athfield back in frame
National Business Review: December 4, 2013
The Christchurch Central Development Unit is trying another tack to kickstart its stalled rebuild of central christchurch.
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Cafe ideal for travellers and locals
New Zealand Herald: December 4, 2013
A founding hospitality business which helped turn around a once-desolate rural township into one of New Zealand's busiest stopover, antique and collectibles centres is for sale.
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Realestate.co.nz reports a 10.6% seasonally-adjusted drop in number of new listings in November
interest.co.nz: December 3, 2013
The number of new house listings dropped sharply last month after a strong gain in October.
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Where do Aucklanders buy first homes? + graphic
New Zealand Herald: December 3, 2013
First-home buyers in Auckland are flocking to the west, where there are more new buyers than anywhere else in the country, latest data shows.
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Westpac to give 1st home buyers preferential treatment for low equity loans if they have a deposit of at least $10,000
interest.co.nz: December 3, 2013
Westpac says it'll give first home buyers preference for low equity loans plus $1,000 when they take out a loan, so long as they save for at least six months first and have a minimum of $10,000 to put towards a deposit.
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Property IQ says 20% of home sales since start of last year to first home buyers
interest.co.nz: December 2, 2013
Since the start of 2012 a total of 20% of the sales of houses, flats and apartments have been to first home buyers, Property IQ says, with sales to first home buyers rising slightly in the first two months since Reserve Bank restrictions on banks' low equity mortgage lending were introduced.
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Pengxin farms post operating loss due to North Island drought
National Business Review: December 2, 2013
The former Crafar family farms controversially bought by China's Shanghai Pengxin last year reported an operating loss in their first year of new ownership due to the widespread drought last summer.
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Hospitality venue is heaven-sent
New Zealand Herald: November 27, 2013
A popular Coromandel hospitality property that has a near-century old church as one of its feature buildings is up for sale as a freehold property and going concern business.
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Move to 'sum insured' makes sense because home owners are best placed to know about their own homes, says AA Insurance boss
interest.co.nz: November 26, 2013
The insurance industry had no idea the Christchurch earthquake scenario would be as complex as it ultimately turned out to be, AA Insurance CEO Chris Curtin says. He also says insurers must make sure insurance remains available and affordable, suggesting more initiatives like the move to sum insured from full replacement cover are needed.
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Home loan affordability worsens in first month of LVR limit
interest.co.nz: November 26, 2013
Home loan affordability worsened again across most of New Zealand in October as house prices continued rising despite the Reserve Bank imposing lending restrictions from October 1.
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A total of 15% of Kiwibank's net September quarter residential mortgage lending growth came from high LVR loans
interest.co.nz: November 25, 2013
The percentage of Kiwibank's net home loan growth from high loan-to-value ratio (LVR) mortgages grew in the September quarter from the previous quarter, and exceeded the Reserve Bank's 10% limit introduced immediately after the September quarter on October 1.
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How quick is Auckland’s new housing fast-track?
National Business Review: November 25, 2013
New sections are about to take Auckland by storm, if the pace for approval for the first special housing area (SHA) development is anything to go by.
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New Zealand records its highest net monthly migration gain in over 10 years
interest.co.nz: November 22, 2013
New Zealand had its biggest monthly net inflow of migrants for 10 years in October, according to Statistics New Zealand.
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Cassells buys, sells
National Business review: November 22, 2013
Xero's meteoric rise has landed an opportunity for Wellington developer Ian Cassells.
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Competition heats up for sub 80% LVR loans with more rate reductions.
interest.co.nz: November 20, 2013
This morning, Westpac has matched BNZ with two new home loan 'specials'.
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What the kiwi dollar will do in 2014: one economist’s call
National Business Review: November 19, 2013
The kiwi dollar will drop against the US currency and gain against the Australian dollar next year, UBS economist Robin Clements predicts
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English says NZ Initiative's 'big bang' housing reform plan 'pretty radical', but well focused on supply and affordability
interest.co.nz: November 19, 2013
Finance Minister Bill English has described a plan unveiled yesterday by the NZ Initiative thinktank to improve housing affordability as a "pretty radical" change to the funding arrangements for councils, "so we're not going to be rushing into that."
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New one and three year fixed mortgage rates for less than 80% LVR
interest.co.nz: November 19, 2013
BNZ has shifted its home loan rates this morning, challenging its rivals with a sub 5% one year rate and a sub 6% three year rate.
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Rising rural confidence reflected in rapidly rising farm sales transactions, and booming dairy prices
interest.co.nz: November 18, 2013
REINZ data released today there were 128 farm sales in October, well above the 110 in September, and almost 80% more than the average level for an October over the previous four years.
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US bond and currency markets are making life tough for the RBNZ Governor says Roger J Kerr

interest.co.nz: November 18, 2014
The local interest rate market would like to price interest rates higher as the current and future strength of the NZ economy dictates that inflation will be increasing in 2014 and interest rates need to be higher to cool off those pressures.
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River City in property expo
Wanganui Chronicle: November 15, 2013
Wanganui residential and commercial properties are being lined up for major promotion targeting investment in regional New Zealand.
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Wanganui price rise may not be all it seems
Wanganui Chronicle: November 15, 2013
Wanganui mean property values have risen in the past year but a local real estate agent says the increase is simply a reflection on the types of properties that are selling.
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Landcorp quitting dairy farm
National Business Review: November 14, 2013
State-owned farmer Landcorp Farming is keen on dairying but is selling one of its bigger North Island farms.
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Breaking ground at Westgate
National Business Review: November 14, 2013
New Zealand Retail Property Group says existing funding partners will be used as it surges ahead with its town centre expansion at Auckland's Westgate.
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Wheeler: risk of house price 'correction' grows
National Business Review: November 13, 2013
Reserve Bank governor Graeme Wheeler today upped the tone of his warnings about the country's over-exuberant housing market.
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Buyers panic as loan limits hit: experts
New Zealand Herald: November 13, 2013
First-home buyers are panic buying to get on the property ladder since the mortgage lending restrictions came in, property experts say.
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Will Fonterra margin pressure see retail milk prices rise?
National Business Review; November 12, 2013
Morningstar's senior equities analyst Nachi Moghe says Fonterra's mix of high commodity prices and a $157 million "write-off" for the first quarter of the 2014 financial year is a double whammy for the co-operative.
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Property prices up, October sales dented by loan rules
New Zealand Herald: November 12, 2013
New Zealand's median house price rose 1.9 per cent to a record in October, although sale volumes were dented as Reserve Bank lending restrictions began to bite.
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Wheeler will reveal LVR impact
National Business Review: November 12, 2013
Reserve Bank governor Graeme Wheeler tomorrow provides his first assessment of the impact of the central bank's new restrictions on low deposit mortgage lending.
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David Chaston reviews the new BNZ HomeAdvantage credit card - a new front in the battle for mortgage market share
interest.co.nz: November 12, 2013
Yesterday's BNZ HomeAdvantage credit card launch is a significant new product offering in New Zealand.
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Fonterra takes $157m provision, unit price falls on NZX
National Business Review: November 11, 2013
Fonterra has taken $157million of additional provisioning in the first quarter as higher input costs start to bite into future earnings and the final value of inventory currently on hand.
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BNZ offers cut-rate credit card benefits to home owners with a BNZ mortgage and less than 80% LVR
interest.co.nz: November 11, 2013
BNZ has introduced a linked home loan and credit card.
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Immigrants moving into The Block
New Zealand Herald: November 8, 2013
It will be like the United Nations on The Block come Christmas time when the new owners of the houses made famous on the TV3 renovation series move in.
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National average house price up 8.9% in past year to $457k - QV
interest.co.nz: November 7, 2013
The white-hot Auckland housing market has continued its searing upward momentum, with the average price climbing to $676,053 in October, up from $662,976 in September.
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Fresh blood for ailing meat industry
National Business Review: November 7, 2013
Four directorships at the two largest meat processors are up for grabs but will fresh meat usher in long-overdue reforms to the meat industry?
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Ngai Tahu subdivisions construction continues
National Business Review: November 7, 2013
Construction will start next year on a $40 million retail, office and supermarket hub at Ngai Tahu Property's Wigram Skies sub-division in south west Christchurch.
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Auckland retail rents pale by comparison
National Business Review: November 6, 2013
Retail rentals on New York's Fifth Avenue are about 1650% pricier than Queen St, Auckland.
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Big river property for sale in Hamilton
National Business Review: November 6, 2013
One of the biggest commercial and residential properties in central Hamilton is for sale via Bayleys.
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Govt proposes lower import tariffs on building materials and fewer anti-dumping duties in effort to cut house building costs
interest.co.nz: November 6, 2013
Housing Minister Nick Smith and Commerce Minister Craig Foss have announced proposals to change anti-dumping duties and reduce tariff concessions to reduce the cost of imported building materials and lower the cost of house building.
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Winery back on sale after deal falls over
New Zealand Herald: November 5, 2013
A $4 million deal to buy a popular Matakana winery fell through after a syndicate of Chinese buyers failed to get approval from the Overseas Investment Office
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Westpac eyes opening of new 'state of the art' Christchurch headquarters in mid-2016
interest.co.nz: November 4, 2013
Westpac will move about 450 staff into a new "state of the art" building in central Christchurch by mid-2016.
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Buyers of Block winner live in China
New Zealand Herald: November 1, 2013
The couple who bought the winning home on TV3's The Block live in China and have never seen the show.
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Household borrowing comes close to the $200 bln mark, according to RBNZ figures
interest.co.nz: November 1, 2013
Household borrowing is still rising and at current rate of progress may have topped the $200 billion mark this month.
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Rodney Dickens unpacks the detail within the fast-rising migrant arrival flows and reveals some surprising trends

interest.co.nz: November 1, 2013
Net migration measures the inflow of permanent and long-term immigrants less the outflow of people leaving the country on a permanent or long-term basis.
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RBNZ holds OCR, but says high NZ$ gives it flexibility on timing and size of rate hikes likely in 2014
interest.co.nz: October 31, 2013
The Reserve Bank has held the Official Cash Rate unchanged at 2.5% for a record 21st consecutive decision, but it has held out the prospect that the persistently high New Zealand dollar gave the bank the flexibility to delay or reduce any rate hikes it said were likely in 2014.
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$1.1m sale top of The Block
New Zealand Herald: October 31, 2013
Caleb and Alice Pearson last night won the hit TV series The Block, selling their house for $1,126,000, giving them a profit of $181,000.
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A couple of economists would go for hikes in official interest rate rises right now
interest.co.nz: October 30, 2013
The NZ Institute of Economic Research's "shadow board" comprised of leading economists, academics and business people, has had an overall marked change in sentiment toward the need for interest rate rises.
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ASB's measure of Canterbury's post-earthquake economy suggests activity is flattening
interest.co.nz: October 30, 2013
ASB's measure of Canterbury's post-earthquake economic recovery is showing indications of a stalling in momentum for the region.
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Auckland developers should use land or lose it - Colin Craig
National Business Review: October 29, 2013
Conservative Party leader Colin Craig says the compulsory acquisition of land would help solve Auckland’s housing problem.
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Fair Play on Fees says customers can keep signing up for ANZ 'excessive' fees case until December 13
interest.co.nz: October 29, 2013
The group suing ANZ on behalf of some of the bank's customers over "exception" fees is claiming victory in an early skirmish.
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Kiwibank cuts 2yr <80% LVR mortgage rate and withdraws its market-leading 3yr special
interest.co.nz: October 29, 2013
Kiwibank has started the new week with a small reduction in its 2 year home loans rate.
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Reserve Bank Governor says he 'doesn't see a strong case' for exempting new houses from lending restrictions
interest.co.nz: October 25, 2013
Reserve Bank Governor Graeme Wheeler says he doesn't see a strong case for exempting new houses from recently introduced lending restrictions
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Bank agrees to revisit LVR if data shows up problem
New Zealand Herald: October 25, 2013
The Reserve Bank yesterday confirmed it has agreed to re-examine its new mortgage lending restrictions if data shows they are crimping the supply of new homes
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Cassells selling Upper Hutt IRD building
National Business Review: October 24, 2013
Inland Revenue’s processing centre in Jepsen Grove, Upper Hutt is being strengthened to 100% of new building standard as an enticement to a potential new owner.
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Auckland Council chief economist suggests 'considerable speculative element' to recent house price rises
interest.co.nz: October 22, 2013
Auckland Council's chief economist suggests there has been a "considerable speculative element" to recent house price rises in the region.
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New Zealand's population growth remains below 1%, held up by Auckland and Canterbury
interest.co.nz: October 22, 2013
New Zealand's population grew by 37,700 (0.9%) during the June 2013 year, compared with 27,900 (0.6%) in the previous June year.
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Construction giant braces for quake rebuild gap
National Business Review: October 22, 2013
Fletcher Building is bracing for a gap between project-managing Christchurch's residential rebuild and a shift to commercial work
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NZ dollar little changed as carry trade stokes demand for Aussie
National Business Review: October 21, 2013
The New Zealand dollar was little changed as investors seeking to benefit from the carry trade favoured the Australian dollar over its New Zealand counterpart, amid expectations US monetary stimulus will last longer than anticipate
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The Block NZ houses open to view
New Zealand Herald: October 21, 2013
Some fans began queuing at 5.30am for a sneak peek of the four renovated homes on the corner of Lake and Eversleigh Rds, on Auckland's North Shore
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Meat industry sees Fonterra model as way forward
National Business Review: October 18, 2013
If supply and demand really was the bottom line of business, New Zealand's meat industry wouldn't be opting for wholesale change.
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Wellington fault-lines: How Economic Boom Could Lead To Political Bust
National Business Review: October 18, 2013
When a top visiting overseas economist starts talking 'boom' about the New Zealand economy, it is time to sit up and take notice.
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Money managers give their verdict on Reserve Bank’s LVR rule
National Business Review: October 17, 2013
Fund managers believe new mortgage lending tools are unlikely to cool rampant residential property markets, particularly in Auckland and Christchurch
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Changing NZ's local govt funding model to replicate Germany or Switzerland's would help solve our housing woes, says NZ Initiative executive director
interest.co.nz: October 17, 2013
New Zealand could learn a lot from his native Germany and neighbouring Switzerland to help deal with its housing affordability woes, says Oliver Hartwich, the executive director of think tank the New Zealand Initiative.
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Auckland leads positive outlook
New Zealand Herald: October 16, 2013
Auckland commercial property investors are the most positive in the country - for the first time since December 2011 - about the coming year, a national survey has found.
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Taste of French flair on the menu
New Zealand Herald: October 16, 2013
After the untimely death of celebrated chef Andre Teissonniere earlier this year, the home of one of New Zealand's first authentic regional European restaurants, Andre's L'Escargot, is now for sale.
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Maurice Williamson questions likely population growth of Auckland
interest.co.nz: October 15, 2013
Statistics Minister Maurice Williamson has fired a thinly veiled shot across the bows of the Auckland Council - which has been planning for population growth in the Auckland region of about 1 million people in the next 30 years.
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RBNZ Deputy Governor Grant Spencer says the impact of LVR 'speed limits' will not be uniform around the country
interest.co.nz:October 15, 2013
The impact of the new "speed limits" on high loan to value lending will not be felt uniformly around the country, and house prices in NZ will remain relatively high, Reserve Bank Deputy Governor Grant Spencer says.
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Rotorua house values are up, figures show
Rotorua Daily Post: October 15, 2013
Average Rotorua house values have edged up slightly in the past 12 months, figures show.
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Property prices jump $10k in September
New Zealand Herald: October 14, 2013
National property prices rose by $10,000 in September, taking the median house price back to a record high reached earlier this year.
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Fears over China's long term dairy intentions
National Business Review: October 14, 2014
As opinions polarise over Asia's growing hold on New Zealand's multi-billion dollar dairy industry there are claims Chinese companies could juggle themselves around bankruptcy to keep producing cheaper milk here.
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Financial Services Council proposes bigger contributions to KiwiSaver
interest.co.nz: October 14, 2013
The Financial Services Council (FSC) has unveiled a series of proposals that it said would allow people to have a private pension that would be double that of NZ Super and be fiscally neutral.
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The country's largest home loan lender adds 50 bps for 'new' low equity loans
interest.co.nz: October 10, 2013
ANZ has changed its home loan structure, splitting into two categories following the new RBNZ LVR rules, according to changes revealed on its website this morning.
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District home values show steady rise
New Zealand Herald: October 10, 2013
The latest monthly property value index shows residential property values for September increased by 4.3 per cent in Hastings and 2.8 per cent in Napier during the past year.
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Six thousand new homes for Auckland
New Zealand Herald: October 9, 2013
Six thousand new homes will be brought into the Auckland housing market under the Auckland Housing Accord, it was revealed today.
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Surge in listings, drop in prices
New Zealand Herald: October 8, 2013
Wairarapa's housing market enjoyed a surge in new listings last month but recorded the country's biggest drop in average asking price.
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NZ dollar gains vs Aust ahead of confidence surveys which may highlight differences
National Business Review: October 8, 2013
The New Zealand dollar advanced against its Australian counterpart ahead of business confidence surveys in both countries today which may show the divergent paths of the two economies.
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Houses dressed to impress
New Zealand Herald: October 7, 2013
More and more homeowners are paying thousands of dollars to have their houses dressed before putting them on the market.
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NZ dollar little changed as investors await the outcome of stalled US budget talks
National Business Review: October 7, 2013
The New Zealand dollar is little changed as investors await the outcome of stalled budget talks in the US.
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Labour would change LVR policy
National Business Review: October 6, 2013
Labour would change the Reserve Bank's new loan to value ratio (LVR) policy that limits retails banks' ability to lend low equity mortgages if they win next year’s election.
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Court opens up weathertight homes criteria
National Business Review: October 4, 2013
The Auckland High Court has opened up the weathertight homes package to include student accommodation.
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Homeowners shell out to valuers
New Zealand Herald: October 4, 2013
Homeowners are being forced to pay hundreds of dollars to have their homes valued on top of insurance bills because of changes to the way premiums and payouts are calculated.
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Government and Auckland Council reveal detail of 282-house South Auckland project
interest.co.nz: October 3, 2013
What's being touted as New Zealand’s largest community housing development, costing $102 million, has been unveiled by Housing Minister Nick Smith and Auckland Mayor Len Brown.
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Reserve Bank Governor Graeme Wheeler explains his reasoning for introducing 'speed limits' on high loan-to-value lending
interest.co.nz: October 3, 2013
Many New Zealanders consider purchasing a house to be a rock solid investment, and assume that house prices will continue to rise steadily, having never seen a bear market or experienced rapid rises in mortgage rates.
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Units have five tenants to bank on
New Zealand Herald: Oct 2, 2013
Two Orewa commercial units encompassing five tenancies including a Westpac Bank will go under the hammer this month as part of Bayleys' Greater Auckland auction portfolio.
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New listings in Bay slump but rebound likely
New Zealand Herald: October 2, 2013
The Hawke's Bay housing market suffered a slump in new listings last month, despite a national increase in the number of new properties for sale.
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Drop in housing affordability unsurprising
National Business Review: September 30, 2013
Home loan affordability worsened in August while house prices rose again, according to the latest Roost Report.
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ASB withdraws its lowest mortgage rate special
interest.co.nz: september 30, 2013
ASB has withdrawn its 'special' 4.75% six month fixed mortgage rate that applied for borrowers with at least 20% equity.
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Mortgage rules start to bite
New Zealand Herald: September 30, 2013
On the eve of new mortgage lending restrictions coming into effect, there are signs the first-home-buyer market has gone off the boil.
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English discloses RBNZ advice high LVR speed limit may force 25 percent of first home buyers to delay or downsize their borrowing
interest.co.nz: September 27, 2013
The Reserve Bank of New Zealand has advised Finance Minister Bill English that its 'speed limit' on low deposit lending could force around 25 percent or 7,000 first home buyers to delay or downsize their home purchase.
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New owner wanted for Nelson pioneer cottage
National Business Review: September 26, 2013
For a while it was a wool shed and by the 1990s had become badly dilapidated. The 1853 Historic Places Trust-registered cottage at 77 Hill Road in Richmond, South Nelson, has now been restored.
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LVR speed limits designed to curb inflation and shield economy
New Zealand Herald: September 26, 2013
The struggle to enter the property market for the first time has been a hot topic, from property availability to lending criteria.
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NZ dollar trades in narrow range as investors weigh US tapering, budget negotiations
National Business review: September 26, 2013
The New Zealand dollar edged up in a tight range as investors weigh the likelihood of Federal Reserve tapering and the outcome of looming US budget negotiations.
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Best yields in Dunedin as Auckland improves
National Business Review: September 25, 2013
Residential investors believe central Auckland properties are returning the best yields, followed by South Auckland.
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Labour promises to amend Reserve Bank's home loan restrictions
New Zealand Herald: September 25, 2013
Labour is promising to dump the Reserve Bank's new home loan restrictions - for first home buyers only - as the policy begins to bite those looking to get a foot on the first rung of the property ladder.
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Fonterra lifts forecast payout to record high

interest.co.nz: September 24, 2013
Fonterra has increased its forecast payout for the current 2013/14 season by a further 50c/kg to a record high NZ$8.30/kg as it experiences strong demand for milk powder from China, despite its recent botulism scare.
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What ASB’s LVR move means for banks, housing market
National Business Review: September 24, 2013
A move to tighter mortgage lending could be more of a handbrake on banks' new business than the housing market, a home loans company boss says.
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Restored Heritage hotel reopened
National Business Review: September 24, 2013
The Heritage Hotel has re-opened in one of Christchurch's remaining and pre-eminent heritage buildings.
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REINZ figures show that median lifestyle block prices in Auckland have risen about 7% two months
interest.co.nz: September 23, 2013
Prices of lifestyle blocks in the Auckland area have rocketed in the past couple of months, with the median value now standing at an all-time high of $850,000.
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ASB pulls low deposit loan offers
New Zealand Herald: September 23, 2013
ASB Bank has cancelled all pre-approvals for home loans over the 80 per cent loan to value ratio with effect from October 4.
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NZ dollar weakens as investors ponder start to Federal Reserve tapering
National Business Review: September 23, 2013
The New Zealand dollar weakened as investors evaluate whether the Federal Reserve may start tapering its monetary stimulus next month after unexpectedly keeping the programme unchanged this month.
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Banks start to move goalposts
New Zealand Herald: September 20, 2013
New Zealand's banks have already started tightening up their lending criteria for customers seeking low-deposit mortgages, despite new regulations not kicking in until next month.
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NZ economy grows as architecture, engineering services pickup ahead of building boom
National Business Review: September 19, 2013
New Zealand's economy grew faster than expected in the second three months of the year as demand for architecture and engineering services picked up ahead of the anticipated construction boom, trumping the impact of drought on agriculture.
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NZ dollar jumps 1 US cent after the Fed unexpectedly keeps tapering on hold
National Business review: September 19, 2013
The New Zealand dollar jumped more than 1 US cent after the Federal Reserve unexpectedly chose not to start tapering its US$85 billion a month monetary stimulus programme this month, citing strains in the US economy.
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Local house prices dip 15pc to buck national trend
New Zealand Herald: September 18, 2013
Wairarapa house prices have dipped as people wait for spring to put their properties on the market.
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Mortgages
interest.co.nz: September 18, 2013
If you are floating and are wondering if fixing makes sense for you, see this handy tool
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Westpac announces higher mortgage rates if you have less than 20 percent equity in your home
interest.co.nz: September 17, 2013
Westpac has announced new higher mortgage rates for borrowers who have less than 20 percent equity in their home.
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Homebuyers shift sights to city fringe
New Zealand Herald: September 17, 2013
Latest figures from the Real Estate Institute (REINZ) show the number of sales in Waitakere and Manukau jumped in the past year and local agents say buyers are choosing those areas after being priced out of traditionally desirable suburbs.
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Weak Australian employment data sees NZ-AU two year swap yield differential widen
interest.co.nz: September 13, 2013
After an initial 4-5bps rise in response to the RBNZ’s statement, NZ yields closed little changed yesterday.
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Trust law shakeup - why business benefits
National Business review: September 13, 2013
Demystifying New Zealand trust law should have a major benefit for business, says Law Commission president Sir Grant Hammond.
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Fonterra tipped in a big Aussie dairy farm deal with Chinese
National Business Review: September 12, 2013
An Australian media report says Fonterra is poised to buy a large group of Tasmanian diary farms owned by the New PLymouth District Council.
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LGFA spreads to NZ Govt stock widen
interest.co.nz: September 12, 2013
In another fairly quiet day of trading, NZ swap yields managed to close up 3bps while bond yields were up 3-8bps
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Law Commission recommends new law for trusts
interest.co.nz: September 12, 2013
The Law Commission is recommending a new law to govern trusts that it says would spell out the core characteristics of a trust and requirements for creating a trust.
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Regional confidence attracts Bayleys
Wanganui Chronicle: September 12, 2013
Confidence in the lower North Island and an opportunity to invest in an established and robust real estate business has attracted the Bayleys Corporation's attention.
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True ownership of Dairy Holdings revealed
National Business review: September 11, 2013
The true ownership of New Zealand's biggest dairy farming business can now be revealed.
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UK house hunters fuel NZ market
New Zealand Herald: September 11, 2013
First-home buyers priced out of the British market are increasingly looking to buy property in New Zealand, research shows.
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Nick Smith denies continuing house price rises are inevitable
interest.co.nz: September 10, 2013
Housing Minister Nick Smith is adamant that house prices will not just keep on rising and he's promising another initiative for first home buyers soon.
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Auckland Deputy Mayor confident the region can make good start toward target of 39,000 houses in three years
interest.co.nz: September 10, 2013
Developers are "keen to get on the starting blocks" and begin building Auckland's targeted 39,000 homes in the next three years, the city's deputy mayor Penny Hulse says.
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Tight supply pushes house prices in Auckland higher
New Zealand Herald: September 10, 2013
Auckland house prices are still rising fast, as the Reserve Bank's loan-to-value ratio moves are about to be introduced next month.
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Property market gap widens
New Zealand Herald: September 9, 2013
Tepid growth in Wairarapa's residential property market sits in marked contrast to the soaring Auckland market, reflecting the widening gap between the big smoke and provincial New Zealand.
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CERA reveals more buildings to bulldoze
National Business Review: September 5, 2013
The near-new Calendar Girls building in Christchurch will be destroyed to make way for open space.
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NZ residential building activity dips in second quarter, led by Canterbury
National Business Review: September 4, 2013
New Zealand residential building activity unexpectedly fell in the second quarter, led by a drop-off in Canterbury from a high level as that region continues its rebuild after the earthquakes.
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Thames site could be developed for retail
New Zealand Herald: September 4, 2013
A high-profile freehold industrial property, with nationally recognised tenants including a large PlaceMakers store and extra land available for redevelopment, has been placed on the market.
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Amuri Courts site in Christchurch to get major new five-storey redevelopment project
interest.co.nz: September 3, 2013
Arrow International (NZ) Ltd has secured the largest commercial project to come to market since the Christchurch rebuild began.
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NZ dollar rises on global growth optimism, waning prospects of imminent western action in Syria
National Business Review: September 3, 2013
The New Zealand dollar advanced after positive manufacturing data in Europe and China boosted optimism about global growth and the prospects of imminent western military action in Syria faded
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$1m-plus but worlds apart
New Zealand Herald: September 2, 2013
A rundown three-bedroom Auckland villa with a large hole in the toilet floor and watermarked ceilings has sold for $1.2 million - $75,000 more than the asking price for a three-storey Tauranga mansion with harbour views and a swimming pool.
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Credit growth drops for business, farming, consumers-except for housing
National Business Review: September 2, 2013
Credit growth is already on the slide - even before the Reserve Bank's much discussed new regulation of high deposit lending for housing.
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Building consents for new houses, excluding apartments, rose by 3.1% in July
interest.co.nz: August 30, 2013
The number of new houses approved in July, excluding apartments, rose a seasonally adjusted 3.1%, according to Statistics New Zealand.
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Xero a fifth of the way to its 1 million customer target
National Business Review: August 30, 2013
Xero, the cloud-based accounting software developer, is a fifth of the way toward it vaunted one million customer mark as it makes inroads into the Australian market.
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Pressure on council over housing density plan
New Zealand Herald: August 29, 2013
Auckland Mayor Len Brown and councillors are under pressure to say where they stand on unlimited housing density in suburbs across the city.
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NZ dollar gains as investors assess the possibility of western military action in Syria
National Business Review: August 29, 2013
The New Zealand dollar rose after investors increased their appetite for riskier assets as western powers weighed the possibility of military action in Syria.
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NZX leases last floor in revamped tower
New Zealand Herald: August 28, 2013
New Zealand stock exchange operator NZX has moved into Level 7 of the 17-level redeveloped Zurich House building at 21 Queen St, taking up the last remaining floor in the tower block
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Fonterra lifts forecast milk price by another 30c to $7.80 for 2013-14 season
interest.co.nz: August 27, 2013
Fonterra has announced yet another lift in its forecast farmgate milk price for the 2013-14 season - by 30c to $7.80 per kilogram of milk solids.
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Finance firm boost tipped
New Zealand Herald: August 27, 2013
Finance companies could make a comeback in the wake of the Reserve Bank's clampdown on low deposit lending by banks.
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Cup of water on NZ's red-hot property market
New Zealand Herald: August 26, 2013
The introduction by the Reserve Bank of tighter loan-to-value ratios (LVRs) on October 1 will go some way towards taking the heat out of the real estate market, but the "elephant in the room" remains the light-handed tax treatment given to property, KMPG partner John Kensington says.
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NZ dollar strengthens on concern weak US housing market may delay Fed tapering
National Business Review: August 26, 2013
The New Zealand dollar advanced after weaker than expected US housing sales data raised concerns the Federal Reserve may not start tapering its monetary stimulus next month.
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Hot house market's a bonus for show
New Zealand Herald: August 23, 2013
Real estate companies are vying for the chance to market the four homes in Belmont, on Auckland's North Shore, which will be renovated on TV3's popular series The Block NZ from Monday.
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ANZ blames rising wholesale funding costs for 20-60 basis point increases in fixed-term mortgage rates
interest.co.nz: August 22, 2013
ANZ is increasing its advertised one year to five year fixed-term home loan interest rates by between 20 and 60 basis points effective Friday
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New RBNZ rules less about today's heat - more about tomorrow's big chill
National Business Review: August 22, 2013
New rules restricting low deposit lending will probably have little effect on the current ''overheated'' housing market.
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Editorial: Lending curbs good for banks and borrowers
New Zealand Herald: August 22, 2013
The Reserve Bank is possibly the only entity in New Zealand that believes housing is not a rock-solid investment.
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Curbs unlikely to stop house hikes
New Zealand Herald: August 21, 2013
New 20% deposit rule will penalise first-home buyers without addressing `real issue' of low stocks - experts.
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In an unexpected move, BNZ has raised its fixed mortgage rates across the board
interest.co.nz: August 21, 2013
BNZ has raised fixed mortgage rates this morning, hard on the heals of the RBNZ high-LVR policy restrictions.
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Auckland Airport boosts FY profit 25 percent as property values rise, ups dividend
National Business Review: August 21, 2013
Auckland International Airport boosted annual profit 25 percent, beating estimates, as it reported increased passenger and plane numbers and a pick-up in the value of its property portfolio, and lifted its return to shareholders.
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October 1 date set for new mortgage rules
New Zealand Herald: August 20, 2013
Reserve Bank Governor Graeme Wheeler said banks will be subject to restrictions on high loan-to-value ratio (LVR) housing mortgage loans from October 1.
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Wellington braced as city takes stock
National Business Review: August 20, 2013
Wellingtonians were spared the worst effects of last week's earthquakes because of distance from the epicentre.
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Crown's land seizure looms
National Business Review: August 20, 2013
Christchurch central commercial property owners facing compulsory acquisition are frustrated at the lack of communication from the Crown.
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Government expected to announce deferred payment scheme for Meridian share offer similar to that employed for Telstra in Australia
interest.co.nz: August 20, 2013
Well placed Australian sources suggest that the Meridian share float will allow investors to pay for their shares in instalments - similar to the way Australian telecoms giant Telstra was floated some time back
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NZ dollar may gain after weaker US economic data saps demand for greenback
National Business Review: August 19, 2013
The New Zealand dollar may gain after weaker than expected US data eroded investors' confidence in the recovery of the world's biggest economy, and dimmed demand for the greenback
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Compulsory acquisitions to speed up recovery
New Zealand Herald: August 19, 2013
Christchurch recovery boss Roger Sutton has flagged that the time is fast-approaching when compulsory acquisition powers will have to be used to speed up the recovery effort in the earthquake-shattered city.
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Bathurst to pay $600,000 for Canterbury Coal assets, agrees to 3-year supply contract
National Business Review: August 16, 2013
Bathurst Resources, the Wellington-based miner, will pay as much as $600,000 for the assets of Canterbury Coal near Christchurch to expand its New Zealand business.
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Govt's new house affordability step
New Zealand Herald: August 16, 2013
The Government fired another shot in its battle to control rising house prices yesterday, announcing law changes it says will curb charges levied by local authorities on developers for providing infrastructure such as roads and sewerage to new subdivisions.
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BNZ-Business NZ Performance of Manufacturing Index figures show best July reading on record
interest.co.nz: August 15, 2013
Manufacturing activity is hitting high levels seldom seen in this county.
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Home Buyers: pretend you’re Graeme Wheeler
National Business Review: August 15, 2013
Perhaps it is a good idea for home owners to think more like a Reserve Bank Governor.
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Housing loan restrictions a step closer
New Zealand Herald: August 14, 2013
Banks get some leeway with tweaks to plan for restraints on low-equity lending. The Reserve Bank has moved a step closer to curbing the low-equity housing loans that banks can make.
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Questions over whether political policies to address the housing market are sufficient or timely enough
interest.co.nz: August 13, 2013
The message from local and central government for the majority of this year has been that we face a critical housing shortage. Certainly it is more acute in Auckland but that fact is not surprising given the expected rise in the population to c. 2.5m in the next 30 year
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LVR limits will push interest rates up … and down
National Business Review: August 13, 2013
LImits on high loan-to-value lending will see interest rates split off in two directions depending on what side of the deposit side you're on, a bank economist says
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PGG Wrightson's earnings drop on drought
National Business Review: August 13, 2013
PGG Wrightson, the rural services company controlled by China's Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the effects of this year's drought.
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China could have rep on govt's Fonterra inquiry - Key
National Business Review: August 12, 2013
John Key says a China representative could sit on the government's inquiry into the Fonterra botulism scare.
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ASB Housing Survey finds growing numbers of people no longer think now is the right time to buy a house
interest.co.nz: August 12, 2013
There has been a marked downturn in the numbers of people picking now as a good time to buy a house, according to the latest ASB Housing Confidence Survey.
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National announces relaxed terms for first home buyers using KiwiSaver deposits
interest.co.nz: August 11, 2013
The Government's announced spending of $64 million over the next four years in an attempt to alleviate the vexed problem of first-time home buyers being potentially locked out of a fast-rising market
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Home prices 7.5pc above last peak
New Zealand Herald: August 9, 2013
Property values are now up 7.5 per cent over the previous market peak of late 2007, new figures show.
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Latest Bayleys research shows that businesses are demonstrating a marked preference toward prime quality CBD office accommodation
interest.co.nz: August 8, 2013
Latest Bayleys research shows that businesses are demonstrating a marked preference toward prime quality CBD office accommodation
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Kiwi climbs as investors rebalance their portfolios
National Business Review: August 8, 2013
The New Zealand dollar advanced as investors increased their holdings of the local currency after a sell-off earlier in the week on concern over the impact of a food contamination scare on the New Zealand economy.
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Bankrupt Nielsen's Queenstown property goes
National Business Review: August 7, 2013
A development block in two titles next to the Heritage Hotel and Heritage Villas in Queenstown has been sold in a mortgagee sale.
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Global transactions on a new high
New Zealand Herald: August 7, 2013
New Zealand is helping push sales figures into the trillions worldwide. An increase in global commercial and industrial property activity, led by North America and Asian Pacific markets, could push transactions this year over the US$1 trillion ($1.275 trillion) mark for the first time since 2007, according to Bayleys' Cushman & Wakefield.
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Dairy product prices fall 2.4% in GDT auction but little sign of taint disruption
National Business Review: August 7, 2013
Prices of dairy products fell in the latest GlobalDairyTrade auction, while the volume sold jumped to a record, suggesting little, if any, reaction to Fonterra's whey protein contamination scare.
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Farmers break silence on infant formula scare
New Zealand Herald: August 6, 2013
Federated Farmers has broken its silence over the infant formula contamination scare, saying there will be a reckoning but now is not the time.
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ANZ economists say the third food safety issue for the NZ dairy sector in three years sees the country's reputation risk being sullied
interest.co.nz: August 5, 2013
There are becoming too many instances of New Zealand "shooting itself in the foot" when it comes to global trading opportunities, ANZ economists say.
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NZ dollar outlook: overdone kiwi may decline, Fonterra scare weighs heavily
National Business Review: August 5, 2013
The New Zealand dollar may decline this week as some traders deem its recent rise above 80 US cents as overdone and as potential damage to exports from a food contamination scare at dairy giant Fonterra weighs on sentiment.
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BNZ says it could take at least 6-8 weeks to repair and fit out its Wellington Harbour Quays building after recent earthquakes
interest.co.nz: July 24, 2013
BNZ CEO Andrew Thorburn says the bank's Harbour Quays building in downtown Wellington, where about 1,200 staff are based, will be closed for at least six to eight weeks following the recent earthquakes.
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Brief opportunities for lower mortgage rates still available; important for those who see higher rates in 2014
interest.co.nz: July 24, 2013
New higher wholesale swap rates have largely worked their way through fixed rate mortgage pricing.
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Quakes a timely reminder for building owners
New Zealand Herald: July 23, 2013
Wellington's earthquakes have put the spotlight back on seismic issues, just as the Cabinet prepares to decide how far to go with a multibillion-dollar push to have about 193,000 earthquake-prone buildings assessed and possibly upgraded.
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Quake Outcasts take red zone battle to court
National Business Review: July 22, 2013
A group calling itself Quake Outcasts has taken the government to court over its red zone clearance programme in Christchurch.
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LVR limits could hit bank profits
National Business Review: July 19, 2013
The reserve Bank's plan to impose "speed limits"on high loan-to-value (LVR) ratio lending could affect bank profits, a finance sector analyst says.
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Kiwi rises against Aussie as economy here outperforms
National Business Review: July 19, 2013
The New Zealand dollar rose to a week high against its Australian counterpart as the outlook for the local economy continues to outperform that of its closest neighbour.
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NZ banks already clamping down on low deposit mortgages ahead of RBNZ speed limit
interest.co.nz: July 18, 2013
Brokers report banks have already clamped down hard on low deposit mortgages ahead of the expected introduction of speed limits on the growth of such mortgages by the Reserve Bank of New Zealand.
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Seller’s market triggers spill-over
National Business Review: July 17, 2013
The 26th BNZ-REINZ survey of licensed real estate agents around New Zealand shows a record net 24 percent of agents feel buyers are more motivated than sellers.
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Dairy product prices rise 4.9% in GDT auction, biggest gain since early April
National Business Review: July 17, 2013
Prices of dairy products posted their biggest gain since early April in Fonterra Cooperative Group's latest GlobalDairyTrade auction, led by a jump in whole milk powder, the biggest product by volume
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SkyCity cleared to buy Queenstown’s Wharf Casino
National Business Review: July 17, 2013
SkyCity Entertainment Group, which this month agreed to build a $402 million convention centre in Auckland in exchange for regulatory concessions, has been granted approval to buy Queenstown's Wharf Casino for $5 million.
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Golden chance to buy land in Silverdale
New Zealand Herald: July 17, 2013
A big piece of freehold, mixed-use commercial land on a prominent corner site is being marketed for sale in Silverdale as part of Bayleys' latest Total Property portfolio.
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EQC home repair logjam looming
National Business Review: July 16, 2013
Mystery surrounds the progress of Christchurch earthquake home repairs. Anyone living in a street where repairs are underway will have the impression that the programme has finally fulfilled its promise and ramped up.
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BNZ raises mortgage rates for all terms 2 years to 7 years, following market trends higher
interest.co.nz: July 16, 2013
BNZ has become the latest bank to raise longer term mortgage rates. This morning it raised its three year rate to 6.09%, up 19 bps from 5.90%.
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Firms buy own premises to protect against rent increases
New Zealand Herald: July 14, 2013
A high volume of vacant building sales, mainly to businesses intending to occupy them, has been a major contributor to the improvement in the commercial and industrial property market's performance, says John Church, Bayleys Real Estate's commercial and industrial general manager.
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Latest BNZ-REINZ survey shows record number of agents believe this is a sellers housing market
interest.co.nz: July 12, 2013
Record numbers of real estate agents view the current house market as a "sellers" market, according to the latest BNZ-REINZ residential market survey.
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ASB raises mortgage rates for all terms 1 year to 5 years. BankDirect and Sovereign follow
interest.co.nz: July 12, 2013
Following Westpac and HSBC yesterday, ASB is the latest major bank to raise most fixed mortgage rates.
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Taiwan reveals impact of NZ trade agreement
National Business Review: July 12, 2013
Taiwan has revealed more details of its Economic Co-operation Agreement with New Zealand (Anztec) and how it will transform the country's agricultural industry.
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Major bank pushes most fixed rates to new recent highs following recent rises in wholesale money
interest.co.nz: July 11, 2013
Westpac is the latest major bank to raise longer term fixed mortgage rates, following recent rises in wholesale rates.
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NZ-Taiwan trade deal seals Chinese trifecta
National Business Review: July 11, 2013
Exporters and chambers of commerce have welcomed a new economic co-operation agreement (ECA), which reduces tariffs for goods sent to Taiwan - New Zealand's eighth largest market.
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Kiwi at five-week high against euro, pound over economic recovery concern
National Business Review: July 10, 2013
The New Zealand dollar rose to its highest in more than five weeks against the euro and the pound as concern about weakness in the European and UK economies contrasts with a brighter picture here.
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Auckland home buyers look north
New Zealand Herald: July 10, 2013
Many properties around Whangarei are being bought by Aucklanders as house hunters look north because of high prices in the city. One real estate company said almost half of its recent sales were to former city-dwellers.
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QV says average house price up to NZ$441,254; Auckland prices up 12.6% in a year
interest.co.nz: July 9, 2013
Nationwide housing values as measured by government valuer Quotable Value (QV) increased by 2.8% in the past three months and by 7.6% in the past year.
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NZ median house price edges up 0.5 percent in June
National Business Review: July 8, 2013
New Zealand's median house price rose in June to within $6,000 of its March record while the volume of sales fell nationally from the strongest May month in six years.
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Latest REINZ figures show Auckland annual house price inflation running at 19.8%, up from 14.8%
interest.co.nz: July 8, 2013
Annual house price inflation in Auckland is now running at just under 20%, according to the latest monthly figures from the Real Estate Institute.
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Kiwibank raises 3, 4 and 5 year mortgage rates to rivals' level, also raises term deposit rates
interest.co.nz: July 8, 2013
Kiwibank has announced mortgage rate changes effective today, Monday July 8. This follows ANZ, which raised rates on Friday.
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Roger J Kerr thinks the Kiwi dollar is set to outperform other major currencies
interest.co.nz: July 8, 2013
Over recent weeks it appeared that the Kiwi dollar has been holding its own in the 0.7700 to 0.7850 trading range in the face of a weakening AUD and stronger USD.
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Kiwi weakens – improving US economy may spur end to stimulus
National Business Review: July 3, 2013
The New Zealand dollar weakened as signs of an improvement in the US economy buoyed speculation the Federal Reserve will start tapering its asset purchases.
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Mortgage rates creep higher in latest bank announcement following higher wholesale costs
interest.co.nz: July 2, 2013
BNZ has raised its 3, 4 and five year fixed mortgage rates this morning.
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It's the end of an era of 'incredibly low' interest rates, but borrowers shouldn't necessarily rush in to fix, boots & all
interest.co.nz: July 2, 2013
The environment over the last few years has been one of record low interest rates, both here and abroad. The decision by the US Federal Reserve to set out a conditional timetable for winding down its quantitative easing (QE) programme flags an end to this “golden era”. Wholesale interest rates are sharply higher, and all else equal, there will be pressure for retail rates to follow.
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Hobsonville Pt moves to next phase
National Business Review: July 2, 2013
Large development sites in the next phase of Hobsonville Pt, Auckland, are about to hit the market. Builders and developers are the most likely target for the marketing programme being run by Bayleys.
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BNZ chief economist suggests conducting detailed analysis on who is buying Auckland houses and where they are from
interest.co.nz: July 1, 2013
BNZ chief economist Tony Alexander is suggesting it would be a good idea to conduct a study into just who is buying Auckland houses - and where the buyers come from.
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Govt, SkyCity take another 5 days on $402m convention deal
National Business Review: July 1, 2013
The government and SkyCity Entertainment Group are taking another five days to finish up a deal for the casino and hotel operator to build a $402 million convention centre in Auckland in exchange for regulatory concessions.
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First home buyers withdrew NZ$120.2 million from KiwiSaver accounts in 2012 - more than double withdrawals in 2011
interest.co.nz: July 1, 2013
Housing Minister Nick Smith and Revenue Minister Todd McClay have trumpeted a doubling of withdrawals from KiwiSaver by first home buyers, saying it was encouraging and helped to make owning a home an 'achievable aspiration.'
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Kiwi holds value after Federal Reserve reassures markets about stimulus
National Business Review: June 28, 2013
The New Zealand dollar held its value after Federal Reserve officials assured markets about the withdrawal of economic stimulus.
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Mortgage rates rising as some wholesale money costs jump the most in five years
interest.co.nz: June 28, 2013
June is ending amid strong signals that mortgage rates are on the rise again, after a very long period of low stable levels. Rates have been unusually low since 2011.
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NZ's biggest reno: ANZ's tower
New Zealand Herald: June 28, 2013
Precinct Properties New Zealand's $76 million ANZ Centre upgrade saw 22 office floors refurbished, making it the country's biggest building renovation.
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More hurdles for Christchurch retail developments
National Business Review: June 27, 2013
Christchurch City Council should put its "discouraging" City Plan Change 56 on hold so it can start again with input from the property industry.
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Close watch for house loan hints
New Zealand Herald: June 27, 2013
The finance industry will be looking out for any hints of more detail from the Reserve Bank today around new rules designed to help slow the rampant housing market.
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Kiwi gains as investors reassured about Chinese liquidity, growth
National Business Review: June 26, 2013
The New Zealand dollar gained as investors were reassured China's central bank would help ease a credit crunch that sparked concerns about growth in the world's second-largest economy.
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Our big 4 banks appear to be the developed world's most profitable, based on their pre-tax profit
interest.co.nz: June 25, 2013
New Zealand's big four banks still appear to be the developed world's most profitable, based on number crunching by interest.co.nz and an international bank profitability comparison done by the Bank for International Settlements
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Investors holding $525m worth of bonds, paying more than 8% on average and due to mature in July, must be scratching their heads
interest.co.nz: June 25, 2013
With no new corporate bond issues on the immediate horizon, investors currently holding ASB, Heartland Bank, Tauranga City Council and Fidelity Capital Guaranteed bonds, all with current coupons of over 8% must be starting to scratch their heads wondering how they are going to reinvest their cash and maintain their current cash-flow.
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Kiwi steady as investors weigh impact of Fed stimulus reduction
National Business Review: June 25, 2013
The New Zealand dollar is little changed as investors weigh the impact of a possible reduction in the Federal Reserve's monetary stimulus.
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Rental loan scheme sets off warning bells
National Business Review: June 25, 2013
The head of the Property Investors Federation has criticised a new rental loan scheme, saying it is a "slippery slope" for landlords and tenants.
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Fair Play on Fees group says it's filing legal proceedings against ANZ on behalf of 13,500 individuals and 1,800 small businesses
interest.co.nz: June 25, 2013
Fair Play on Fees, a group that's suing ANZ over exception fees, says it'll file a statement of claim on behalf of about 13,500 individuals and 1,800 small businesses customers of the bank today as it's representative legal action launches
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NBR TOP PROPERTIES: Auckland v Sydney
National Business review: June 24, 2013
This week we're comparing prices for similar properties in Auckland and Sydney. All figures are in $NZ.
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Another bank signals that fixed mortgage rates are about to rise following hikes in wholesale costs
interest.co.nz: June 21, 2013
Westpac will be lifting some of its fixed rate mortgages at the end of next week.
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Currency dips as drought throws handbrake on economic growth
National Business Review: June 20, 2013
The New Zealand dollar dropped after government figures showed the economy grew at the half the expected pace in the first quarter, as the drought at the start of the year saw farmers cull their herds, sapping milk production.
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Kiwibank raises its 2-year fixed mortgage rate to 5.45% from 5.25% in further sign cheap mortgages are on the way out
interest.co.nz: June 20, 2013
Kiwibank, which has been at the forefront of offering cheaper mortgage rates, is lifting its two-year fixed rate to 5.45% from 5.25% in a further sign that super-low rates are on the way out.
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AMI offices worth $19m on the block
National Business Review: June 20, 2013
Six AMI Insurance office premises with a rateable value of almost $19m are being sold through tender campaigns and auctions.
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NZ annual current account deficit at 4.8% of GDP, down from 5%
interest.co.nz: June 19, 2013
New Zealand's current account deficit narrowed to NZ$10.1 billion in March, equivalent to 4.8% of Gross Domestic Product (GDP), Statistics New Zealand says.
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Dairy product prices halt slide in GDT auction, rise 1.1%
National Business Review: June 19, 2013
Prices of dairy products rose in Fonterra's latest GlobalDairyTrade auction,ending three straight declines as prices rose for skim and whole milk powder.
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REINZ says sales of lifestyle blocks continued to rise strongly in three months to May, but the median price eased slightly to NZ$509,000

interest.co.nz: June 18, 2013
Sales of lifestyle blocks are continuing to rise in number, though the median price has eased a little in the past month.
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180 farms were sold in May, the most for a May since 2008 and the highest for any month since March 2012
interest.co.nz: June 18, 2013
Sales of working farms were unusually strong in May, the best in five years.
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Inevitable increases in the OCR in early 2014 are likely to be larger and more rapid than what most expect
interest.co.nz: June 18, 2013
The debate on when and how rapidly the RBNZ will increase short-term interest rates in New Zealand is only going to intensify over coming months.
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$1b Auckland Uni expansion on the books
New Zealand Herald: June 18, 2013
Auckland University has become New Zealand's largest real estate developer, with a $1 billion 10-year order book already well under way.
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Opposition Labour/Green/NZ First recommend 'new orthodox' monetary policy

interest.co.nz: June 17, 2013
The Opposition's inquiry into manufacturing has released a report recommending a new monetary policy, but has not included details of any new policy, other than to say it should reflect a 'new orthodoxy' developing overseas.
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Little change to Kiwi dollar as traders weigh local growth prospects, US stimulus
National Business review: June 17, 2013
The New Zealand dollar was little changed as traders weigh growth prospects for the local economy with the possible tapering of stimulus in the US.
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Economy likely grew 0.6% in Q1 on construction and manufacturing
National Business Review: June 17, 2013
New Zealand's economy probably grew at a slower pace in the first three months of the year, after expanding at the fastest clip in three years in the fourth quarter of 2012, led by construction and manufacturing.
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A major bank pulls back from sub 5% mortgage rate
interest.co.nz: June 17, 2013
BNZ has withdrawn is 4.95% one year fixed mortgage rate available as part of its Classic product range.
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What the RBNZ's June quarter Monetary Policy Statement means for interest rates, fixed vs floating and house prices
interest.co.nz: June 13, 2013
The Reserve Bank of New Zealand has again held the Official Cash Rate (OCR) at a record-low 2.5% as expected and has repeated its pledge to keep it there for all of 2013.
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The first installment of Government's reform for the RMA focuses on consenting procedures for urban development
interest.co.nz: June 13, 2013
The Resource Management Reform Bill was reported back from select committee on Tuesday and is expected to be passed before the end of this year.
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Auctions popular in brisk market
New Zealand Herald: June 13, 2013
Nearly 40 per cent of properties sold in Auckland last month went by auction, Real Estate Institute figures show.
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REINZ figures show most house sales recorded for a May month in six years; Auckland median price hits new record of NZ$565,000
interest.co.nz: June 12, 2013
The housing market is continuing to heat up, with sales last month hitting the highest levels for a May in six years, while the super-hot Auckland market saw a new record high median price of NZ$565,000 achieved.
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TSB Bank launches 'special' 1-year home loan rate, undercutting its rivals' advertised rates
interest.co.nz: June 12, 2013
TSB Bank, the Co-operative Bank, and sister banks SBS and HBS have all cut fixed term mortgage rates, some to market-leading lows.
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Red meat sector reformers turn their attention to the culture change component needed to succeed
interest.co.nz: June 11, 2013
Federated Farmers Meat and Fibre will follow up on a positive meeting with the Meat Industry Excellence Group (MIE) with a discussion on reform and farmer behaviour at its 2013 conference in Ashburton next month.
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Reserve Bank adopting a 'more stringent' attitude towards rule breaches by insurers
interest.co.nz: June 11, 2013
The Reserve Bank is warning insurers that it's moving to a "more stringent" enforcement approach given they've now had more than two years to transition to their new regulatory obligations.
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MPI reviews the outlook for primary industries and finds them on track to double the value of sector exports by 2025
interest.co.nz: June 11, 2013
It has been a season of two halves for many primary sector producers.
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NZ property values up 7.1pc in a year - QV
New Zealand Herald: June 10, 2013
New Zealand property values held their annual pace of growth last month, as demand outstripped supply in Auckland and Christchurch, according to state valuer Quotable Value.
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Online shop targets 184m Chinese buyers for NZ goods
National Business Review: June 10, 2013
For the first time, an e-commerce start-up backed by Nelson business interests is selling New Zealand food and consumer goods to a potential 180 million Chinese internet users.
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BNZ chief economist Tony Alexander sees floating mortgage rates hitting 8.5% within the next three or four years
Interest.co.nz: June 7, 2013
NZ chief economist Tony Alexander has a "very strong warning to first home buyers" that floating mortgage rates in this country could be as high as 8.5% within three or four years.
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Kiwibank offers 'special limited time' 1-year fixed mortgage rate of 4.89%
Interest.co.nz: June 7, 2013
Kiwibank has launched a fresh "limited time special” home loan offer with a one-year interest rate of 4.89%.
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Fixed mortgages back on top
interest.co.nz: June 5, 2013
The percentage of home loans by value on fixed-term mortgages almost certainly smashed back through 50% of the total last month, a dramatic turnaround from 13 months earlier when the value of floating mortgages hit a record high.
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Calls for NZ to implement Capital Gains Tax and land tax
interest.co.nz: June 5, 2013
The Organisation for Economic Cooperation and Development (OECD) has called on New Zealand to implement a capital gains tax and a property or land tax to improve its economic performance.
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ANZ economists say even with the housing accord working as intended it could take 15 years to remedy Auckland's housing shortage
interest.co.nz: June 4, 2013
Even with the new proposed Auckland Housing Accord working as intended it could take till 2028 to resolve Auckland's shortage of housing, according to ANZ economists.
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LVR limits might be just 'days away', BNZ says
interest.co.nz: May 31, 2013
A Reserve Bank announcement on some sort of loan-to-value constraint on housing sector lending "may be only days away", BNZ head of research Stephen Toplis says.
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Mortgage specials compared
interest.co.nz: May 31, 2013
With eight banks, including the five biggest, all with mortgage specials active in the market, it is a great time to be a home loan borrower.
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ANZ records strongest March quarter residential mortgage growth
interest.co.nz: May 29, 2013
ANZ New Zealand recorded the highest residential mortgage volume growth in the March quarter, but ASB recorded the strongest percentage growth, the big five banks' latest General Disclosure Statements reveal.
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Debt and drought encourage sales
interest.co.nz: May 29, 2013
Fonterra Co-operative Group today confirmed that farmer shareholders offered to sell 75,223,742 economic rights of Wet Shares in this month’s Supply Offer, amounting to a total value of $595,772,036.64.
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NZ: How we're flourishing in world
New Zealand Herald: May 29, 2013
An OECD study examining the quality of life in 36 countries puts us in the top bracket.
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Civic Assurance fails in reinsurance case
National Business Review: May 28, 2013
Civic Assurance has lost a judgement against reinsurer R+V.
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Auckland house values keep on rising
National Business Review: May 28, 2013
Quotable Value residential real estate figures to be released next week are expected to reveal an explosion in Auckland property values.
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Push for feedback on draft Unitary Plan
interest.co.nz: May 24, 2013
Auckland's Deputy Mayor Penny Hulse is urging the public to have their say on the draft Unitary Plan, saying she expects a "robust debate and passionate views".
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ANZ drops one-year mortgage rates to 4.95%
interest.co.nz: May 24, 2013
ANZ today announced a drop in its one-year fixed interest mortgage rate to 4.95%p.a., down from 5.19%p.a., for lending when there is at least 20% equity.
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Info-graphic: House Affordability by year
New Zealand Herald: May 24, 2013
Up to seven annual Auckland incomes would now be needed to buy a property in the city for its median house price.
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Affordable homes on the way for Bay
New Zealand Herald: May 24, 2013
A $1.7 million Government grant will provide more affordable housing for some of Tauranga's most vulnerable people.
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Dairy farm profit down but still high
stuff.co.nz; May 23, 2013
Higher operating expenses per hectare in an otherwise-spectacular 2011-2012 dairy season resulted in farmer owner-operator profit sliding by $186 a hectare, a new DairyNZ report says.
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Westpac grows March quarter home loans by NZ$571 mln with 92% of growth coming through loans with LVRs below 80%

interest.co.nz; May 23, 2013
Westpac New Zealand appears to be putting its money where its mouth is with 92% of the bank's March quarter residential mortgage growth coming in loans where the borrower has a deposit, or equity, of at least 20%.
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DNZ Property sells $60m of shares to institutions at 1.8% discount
National Business Review: May 23, 2013
DNZ Property Fund, which reported a 14 percent decline in annual distributable earnings yesterday, completed its $60 million placement to institutional investors at a 1.8 percent discount.
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Opinion: Unitary Plan must recognise importance of neighbours
New Zealand Herald: May 22, 2013
Auckland Council's draft Unitary Plan is under attack as people engage with its implications for their backyards and neighbourhoods.
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Potential conflicts loom on road ahead
New Zealand Herald: May 22, 2013
Lobby group releases pictures of how it thinks suburbs could look under Auckland's Unitary Plan.
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If it's standing empty it'll sell fast
New Zealand Herald: May 22, 2013
Strong demand for vacant premises, particularly from owner-occupiers, is contributing to the fall in industrial property vacancy rates in Auckland.
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Beachlands project a step closer
interest.co.nz: May 21, 2013
A four-year battle to get to the stage where resource consent can be sought for a Beachlands project has left one of New Zealand's biggest supermarket chains disillusioned about planning processes.
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67.9% of people now expect house prices to rise in the next year, down from record high 74.3%
interest.co.nz: May 21, 2013
Expectations of a rising house market have eased back from very high levels, according to results from the Reserve Bank's latest quarterly household expectations survey out today.
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Loan wars - fierce competition in mortgage market
New Zealand Herald: May 20, 2013
Flat-screen televisions, cash for groceries and even iPads - banks are competing to offer more attractive prizes to sweeten home loan deals as higher interest rates are forecast.
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Why housing will become less affordable
interest.co.nz: May 20, 2013
The Auckland Unitary Plan is 'designed' to make housing less affordable for most buyers.
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Work begins on Long Bay housing development
New Zealand Herald: May 17, 2013
Work has begun on the first of 2000 new homes being built at Long Bay on Auckland's North Shore.
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Budget: English to ease purse strings

New Zealand Herald: May 16, 2013
Finance Minister Bill English will loosen the purse strings today in his fifth Budget, which he says will be about getting back to surplus, addressing the risks of a housing bubble and building economic momentum.
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Goodman payouts leave investors cold
New Zealand Herald: May 16, 2013
Property trust enjoys profit rise but market players unimpressed by drop in distributable earnings per share.
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DressSmart mall to double in size
stuff.co.nz: May 15, 2013
The DressSmart factory outlet mall in Tawa is going to be doubled in size by its new owner.
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Property chiefs outline plan concerns
New Zealand Herald: May 14, 2013
Landowners having to pay the council a share of profits on rezoned properties and developers being forced to build affordable housing are two proposals in the Unitary Plan worrying property chiefs.
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Fries with that?
interest.co.nz: May 14, 2013
Banks shift the fight for new mortgage business away from 'low rates' to up-front incentive offers.
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Making sense of the monthly property statistics
interest.co.nz: May 13, 2013
We have the benefit of insight into the property market with stunning regularity, all crammed into the first 10 days of each month.
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Government and Auckland Council agree plan for fast-tracking of housing developments, with 9000 new homes promised in the first year
interest.co.nz: May 13, 2013
The move, announced today resolves an impasse between the central Government and its biggest local authority over the future direction of housing in Auckland.
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Government issues paper released on why it costs so much to build a house in New Zealand

interest.co.nz: May 13, 2013
Read the full government paper here, as well as a summary and commentary.
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Why housing is not going to get any more affordable
New Zealand Herald: May 13, 2013
Housing Minister Nick Smith's boast that his new housing accord with the Auckland Council "is good news for Auckland families wanting access to more affordable houses to buy and rent," is at best, wishful thinking.
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Tax equation for rentals and shares
New Zealand Herald: May 13, 2013
Why property investment has its advantages over buying shares.
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Home prices push Aucklanders to Bay
New Zealand Herald: May 13, 2013
Aucklanders are escaping their unaffordable housing market by moving to Tauranga to enjoy the relaxed lifestyle, an industry expert says.
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Fears of Auckland-to-Hamilton exodus
National Business Review: May 10, 2013
Auckland is at risk of losing people and businesses to its neighbour city.
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Property values still climbing – especially in Auckland
National Business Review: May 9, 2013
New Zealand property values continued to rise in April to be 4 percent above their peak of late 2007 as Auckland again recorded strong gains, according to state valuer Quotable Value.
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Property values still climbing – especially in Auckland
National Business Review: May 9, 2013
New Zealand property values continued to rise in April to be 4 percent above their peak of late 2007 as Auckland again recorded strong gains, according to state valuer Quotable Value.
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Single women increasingly buying homes
stuff.co.nz: May 9, 2013
Finding a man is no longer considered a financial plan, if increasing numbers of female property buyers are anything to go by.
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First compulsory-acquisition property goes to auction
Bob Dey Property Report: May 8, 2013
The first property originally earmarked for compulsory acquisition in the Christchurch cbd has been approved for sale by the Christchurch Central Development Unit.
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RBNZ signals lessons learnt frm 2003-07 boom and bust
interest.co.nz: May 8, 2013
RBNZ to force big 4 banks to hold more capital to back high LVR mortgages from Sept 30; says will result in average increase in capital for housing of 12%.
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Demolition rules 'affect 10,000 homes'
New Zealand Herald: May 7, 2013
Almost 10,000 houses are affected by an Environment Court decision on pre-1940s demolition consents, a planner says.
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This is what affordable housing will look like

New Zealand Herald: May 7, 2013
A $224,000 prototype house, aimed at Aucklanders who want an affordable place, has been built at Papakura.
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Family makes a leap of faith from Auckland to Nelson
Living magzine (New Zealand Herald): May 6, 2013
When Simon Owen and Kay McQuire moved their family from Auckland to sunny Nelson, they had no work lined up, no friends there and no home to go to.
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Auckland house prices vs world's

New Zealand Herald: May 6, 2013
As the median price in NZ's largest city soars to $670,000, Herald property reporter Alanah Eriksen compares the types of homes for sale within the same price range in cities around the globe.
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Recent and significant changes in house insurance will have a big impact on homeowners
interest.co.nz: April 3, 2013
At the end of April the rules regulating how domestic home insurance policies are calculated changed.
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Dairy price correction
interest.co.nz: May 3, 2013
The latest globaldairytrade auction has seen prices fall 8.1% in NZ dollar terms from the previous auction on April 17, a 7.3% fall in US dollar terms.
Read Article 

Bayleys leading the receivership sale of Mainzeal's headquarters
New Zealand Herald: May 1, 2013
The headquarters of failed construction firm Mainzeal is back on the market for sale or lease.
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Building consents fall 9.1pc in March
New Zealand Herald: May 1, 2013
The country's lack of new builds, coupled with an increasing population, will continue to boost house prices.
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The case against Capital Gains Tax
interest.co.nz: April 30, 2013
Opinion: Olly Newland says any form of tax imposed feeds into prices and reminds regulators to remember the laws of supply and demand.
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'Land bankers' drive lifestyle block median price to more than NZ$500,000 for the first time
interest.co.nz: April 30, 2013
So-called 'land-bankers' seeing future growth opportunities in the Auckland and Waikato regions have helped to fuel a big surge in lifestyle block buying, according to Real Estate Institute figures for the March quarter.
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Free weekly email with comprehensive coverage of farming issues and farm-gate prices
interest.co.nz: April 30, 2013
To help readers stay on top of this dynamic part of our economy, interest.co.nz has developed a new resource for those who wish to get the latest rural stories and the most current farm-gate market data sent directly to their email.
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Mortgagee sales slump to four year low
New Zealand Herald: April 29, 2013
In the last quarter of 2012, there were 461 mortgagee sales, 11 per cent down from the previous quarter and 24 per cent less than the same quarter the year before, according to statistics released today by Terralink International.
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Sales soar beyond ritzy areas
New Zealand Herald: April 29, 2013
The number of sales in Auckland suburbs typically considered less desirable are growing at a faster rate than their usually sought-after neighbours.
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Top clubs in merger talks
New Zealand Herald: April 29, 2013
The union of two exclusive golf clubs could open up a large parcel of land to our biggest city's squeezed housing market. The Royal Auckland Golf Club and the neighbouring Grange Golf Club bosses agreed this month to begin talks about a possible merger.
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Luxury homes picked for infill plan
New Zealand Herald: April 26, 2013
Planning rulebook pinpoints future land to contain urban sprawl and where thousands more can be housed.
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Auckland-based family business buys REINZ's Parnell headquarters building for $6.225million

interest.co.nz: April 26, 2013
More coverage of Bayleys' sale of the Real Estate Institute of New Zealand's head office building.
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Auckland sections to soar in value under plan
New Zealand Herald: April 26, 2013
Auckland homeowners could become about $24 billion richer under Auckland Council's proposed Unitary Plan as the value of sections will shoot up.
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Fashion label outgrows its world
New Zealand Herald: April 24, 2013
Fashion guru Denise L'Estrange-Corbet's label World has outgrown its central Auckland headquarters, and the old church building has been listed on the market with Bayleys.
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Kiwis still crave slice of suburbia
New Zealand Herald: April 24, 2013
The "suburban dream" of living in a standalone home is still alive and well - a finding that could harm Auckland Council's push for more terraced housing.
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Newmarket to boom with new university
New Zealand Herald: April 23, 2013
Plans for conversion of the former Lion Breweries site in Newmarket into a new campus for Auckland University have been confirmed.
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Hong Kong-style living comes to New Lynn
National Business Review: April 23, 2013
A Hong Kong-style apartment tower destined for New Lynn, west Auckland, has received the go-ahead.
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Push for high-end tourists
New Zealand Herald: April 22, 2013
Prime Minister John Key says a $158 million tourism package mainly for marketing overseas will need to be matched by new infrastructure - including convention centres - if the plan is as successful as hoped.
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Farms selling well despite the draught
interest.co.nz: April 19, 2013
Data released today by the Real Estate Institute shows there were 64 more farms sold in March 2013 than in February, but twelve less than in March 2012.
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Opinion: Meat industry will crash with the status quo
interest.co.nz: April 19, 2013
Efforts made to get a mandate for industry change within the troubled sheep industry.
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Initial seismic ratings of little use
National Business Review: April 17, 2013
Why leading engineers are telling prospective tenants not to take IEP ratings too seriously.
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Soaring dairy prices may provide relief
Stuff.co.nz: April 17, 2013
Much higher world dairy prices could more than offset the costs of lost production because of this year's severe drought, leaving dairy farm incomes as much as $300 million higher, according to a Westpac Bank report.
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Spec build in inner city reaps $63m
New Zealand Herald: April 17, 2013
In one of this year's largest commercial property transactions Mansons TCLM has sold its recently developed GHD Building in central Auckland for $63 million.
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State houses go as sections sold to developer for $8.7m

New Zealand Herald: April 17, 2013
The land was for sale by tender by Bayleys with potential buyers able to purchase one or all sections.
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Australia's housing sector showing recovery signs
New Zealand Herald: April 16, 2013
Australia's housing sector is in the tentative stages of a recovery as investors and homeowners take advantage of low interest rates.
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Prime Minister doing all he can to avoid having to put up the Official Cash Rate
interest.co.nz: April 16, 2013
Prime Minister John Key said the government was now doing all it can to help the Reserve Bank avoid having to put up the Official Cash Rate in response to Auckland house price inflation.
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Life on the farm: high pay, low costs
New Zealand Herald: April 15, 2013
The average farming wage is higher than for the country as a whole and living costs in rural areas are lower - yet many farms are struggling to find good workers, Federated Farmers says.
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The govt has "more bark than bite" when it comes to housing market controls
New Zealand Herald: April 15, 2013
The red-hot housing market, particularly in Auckland, is grabbing the headlines and making Reserve Bank Governor Graeme Wheeler look like North Korean dictator Kim Jong Un.
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Politicians key to fixing housing bubble
New Zealand Herald: April 15, 2013
Opinion: "The value of my biggest investment went up by about 13 per cent last year. Sadly, I don't feel any richer."
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Port plans
New Zealand Herald: April 15, 2013
Auckland Council will host a battle of the giants tomorrow at the first public test of the Ports of Auckland's new plea for more working space by reclaiming 6.6ha of the Waitemata Harbour.
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Mainzeal receivers mull best way to sell Victoria St building
nbr.co.nz: April 12, 2013
The receivers of failed construction firm Mainzeal are weighing up their options to get the best price for Mainzeal House on Auckland's Victoria St. 
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Pressure eases in rental market
stuff.co.nz: April 12, 2013
Landlords may struggle to find tenants as more properties hit the rental market, particularly in Auckland. 
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Stunning rise in skim milk powder prices

interest.co.nz: April 12, 2013
Skim milk powder prices have moved sharply higher in the latest USDA market survey. 
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Latest BNZ-REINZ residential market survey finds the house market favours the sellers
interest.co.nz: April 12, 2013
The latest BNZ-REINZ residential market survey shows that it's still very much a sellers' market and there are still increasing numbers of investors looking to buy houses.
Read article

Broadest economic recovery since recession ended
interest.co.nz: April 10, 2013
Economic activity was strong in the March 2013 quarter, maintaining the momentum set in the December 2012 quarter, according to NZIER’s Quarterly Survey of Business Opinion.
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Global warming great for New Zealand viticulture
New Zealand Herald: April 10, 2013
A major study by Chilean and Californian researchers gauging the effects of climate change against global wine production over the next four decades found New Zealand's potential growing area could rise by 168 per cent.
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QV says national house prices up 6.5% in past year; Auckland up 11%, but rate of growth might be slowing now
interest.co.nz: April 10, 2013
More details here.
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State owned farmer Landcorp says it won't now post an annual profit and won't be paying a full-year dividend
interest.co.nz: April 10, 2013
State owned farmer Landcorp says, thanks to the drought, it doesn't expect to record an annual profit and is therefore unlikely to pay the Government a full-year dividend.
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Taking responsibility for your business success

Tony Alexander Weekly Overview: April 9, 2013
BNZ chief economist asks: "If you had the power to change just one thing relevant to the success of your business going forward, what would it be?"
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How a reformed national red meat sector procurement might work, using the Fonterra model
interest.co.nz: April 9, 2013
A meeting of 1,000 meat and beef farmers in Gore highlighted the concern about the profitability and sustainability of their farming businesses.
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New Zealand house prices are overvalued - but they will keep rising, according to the BNZ

interest.co.nz: April 9, 2013
New Zealand house prices are definitely overvalued, but that won't stop them continuing to rise, according to the BNZ.
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Council revolts against Len Brown's unitary plan
National Business Review: April 9, 2013
The latest on the council's action
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Treasury doubles RBNZ forecast for drought impact
National Business Review: April 9, 2013
Treasury forecasts the summer drought will knock 0.7 of a percentage point off annual economic growth, more than twice the 0.2 percent to 0.3 percent forecast by the Reserve Bank of New Zealand in its latest monetary policy statement, on March 14.
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Kiwibank cuts one year fixed home loan rate to 4.99 percent from 5.25 percent
interest.co.nz: April 9, 2013
Kiwibank has cut its standard one-year fixed-term home loan rate by 26 basis points to 4.99% from 5.25%, which is the lowest standard one-year rate advertised by a bank.
Read Article 

Firm yields on commercial sales
Bob Dey Property Report: April 8, 2013
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POLL RESULT: Readers' verdict on 'Should there be restrictions on non-NZ residents buying homes?'
National Business Review: April 8, 2013
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Victory for Christchurch home owner in landmark case
National Business Review: April 8, 2013
In Christchurch High Court, Justice Raynor Asher found Tower’s assessment of repair damage fell short of the insurance policy obligations to Matt and Valerie O’Loughlin.
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NZ nothing to fear from Chinese investment - Loo
National Business Review: April 8, 2013
highly respected member of the Auckland Chinese community says that if New Zealand is going to have a debate about Chinese investment in the country it should be a debate about all overseas investment.
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Protection for home buyers
New Zealand Herald: April 8, 2013
House buyers and sellers are more protected from dodgy agent dealings than before, and the reviewed code of conduct about to take effect will further protect their interests, experts say.
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The Chinese Link With NZ House Prices
Tony Alexander Weekly Overview: April 5, 2013
Four percent of house sales are to people offshore who intend staying offshore, with this figure rising to 4.6 percent in Auckland.
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House prices tipped to rise by 12 per cent
New Zealand Herald: April 5, 2013
Auckland house prices are predicted to rise a further 12 per cent over the next year, with the nationwide average jumping almost $40,000 by the end of the year.
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Heated response to resource management act plans
New Zealand Herald: April 4, 2013
Environment Minister Amy Adams has defended proposals for major reform of the Resource Management Act after criticisms from both sides of the political spectrum.
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Construction boom at city campuses
New Zealand Herald: April 4, 2014
Auckland's universities are spending hundreds of millions of dollars on new buildings, transforming not only their campuses but the shape of the city they serve.
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Dairy prices rise 14.2% to record as drought shrinks volumes
National Business Review: April 3, 2013
Prices of dairy products surged to a record in Fonterra's latest GlobalDairyTrade auction as traders competed for a shrinking volume of milk powder in the face of the continuing impact of drought.
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Red zoners defy govt offer deadline
New Zealand Property Investor: April 3, 2013
Hundreds of red-zone homeowners are yet to accept a government pay out.
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Destroying the village to save it...

New Zealand Property Investor: April 3, 2013
Undamaged buildings in the latest to be put under 'compulsory acquisition' status.
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More tax issues around earthquake strengthening and leaky buildings
National Business Review: April 2, 2013
Tax expert Mike Rudd shares his thoughts on two pivotal property issues.
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Overseas property investors will increase, say economist

interest.co.nz: April 2, 2013
The numbers of offshore-based home buyers will increase and Australian-style controls are needed, according BNZ chief economist Tony Alexander.
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Bernard Hickey: Borrow now while stocks last and the price is right
New Zealand Herald: April 2, 2013
In the past couple of years, borrowers and bankers haven't thought of money as being in short supply.
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Sylvia Park court action launched

New Zealand Herald: April 2, 2013
Kiwi Income Property Trust is suing global builder Brookfield Multiplex over alleged building defects at New Zealand's biggest shopping mall.
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Strong rises in house building activity in February
interest.co.nz: March 28, 2013
House building activity is continuing to surge, recovering from the low levels seen in recent years.
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Special interest rate undercuts major banks to lure home loan borrowers with at least 25% equity
interest.co.nz: March 27, 2013
Click here to see where The Co-op Bank rates among the key mortgage players.
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Surge in exports to China
interest.co.nz: March 27, 2013
Statistics New Zealand said the value of exported goods rose NZ$290 million (8%) to NZ$3.9 billion in February 2013, compared with February 2012.
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Opinion: Housing needs nudge, not a working party

New Zealand Herald: March 27, 2013
Columnist Brian Rudman on why there's no guarantee that expanding the market, up or out, is going to deliver the dream of "affordable" housing.
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Fonterra lifts forecast payout, first-half profit climbs 33%
National Business Review: March 27, 2013
Fonterra expects to pay 30 cents more to farmers per kilogram of milk solids as drought pushed up global dairy prices and the co-operative lifted first-half profit by a third.
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Drought affects Landcorp’s bottom line
Landcorp, New Zealand’s largest farming operation, will not meet its 2012/13 year-end dividend expectations because of the negative effects the drought is having on its operations.
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BNZ cuts mortgage rates
interest.co.nz: March 26, 2013
BNZ has reduced its fixed mortgage rates this morning by 10 bps and 20 bps for terms of three, four and five years, according to data released on its website.
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Housing costs could be 'unnecessarily inflated' - lobby group
New Zealand Herald: March 26, 2013
The Government will drive up Auckland's red hot housing market if it fails to ratify a new planning rulebook for the Super City, says a business lobby group.
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John Key says continued Auckland house price rises could make the RBNZ force up interest rates for all New Zealanders
interest.co.nz: March 25, 2013
Prime Minister John Key has weighed in to the arm wrestle between the Government and the Auckland Council over housing, warning that a continued surge in house prices in the country's largest city could force the Reserve Bank to hike interest rates.
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Rural economic confidence evaporates as drought takes hold, according to latest Westpac McDermott Miller survey
interest.co.nz: March 25, 2013
Westpac's chief economist Dominick Stephens and senior economic Felix Delbrück said that the drought had caused economic confidence to "evaporate".
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Precinct gets 1 Queen St on 7.7% yield, still assessing funding options
Bob Dey Property Report: March 25, 2013
Precinct Properties NZ Ltd (ex-AMP NZ Office Ltd) has entered into an agreement to buy the HSBC office tower at 1 Queen St, conditional on Precinct board approval (including the completion of due diligence) & Overseas Investment Office approval.
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NZ ‘should welcome Chinese funds’
agrihq.co.nz: March 22, 2013
New Zealand should welcome investment by China’s sovereign funds in its dairy industry to guard against the loss of its largest dairy market, Olam’s senior vice-president in China Raj Vardhan says.
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Migrant figures still show churn
Bob Dey Property Report: March 22, 2013
The net inflow of migrants in February was double the number of a year earlier – up from 1238 to 2421 – but the annual figures show churn remains the main feature of New Zealand migration.
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Bayleys residential property auction reaps $7m
New Zealand Herald: March 20, 2013
A World War II soldier's smart investment in prime Auckland land has provided a windfall for his family 80 years later.
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Retail sites attract heavy bidding
New Zealand Herald: March 20, 2013
Strong competition for retail investment property was a feature of Bayleys Real Estate's first commercial and industrial portfolio auction of the year.
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Analysis shows that after inflation, house prices are still down on 2007, but price rises are expected to increase 8.5% p.a in the near term
interest.co.nz: March 20, 2013
Despite New Zealand house prices recently reaching all-time highs, values are actually still some 8% down, after inflation, on those seen during the last housing boom in 2007, according to research from First NZ Capital.
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Navigating house insurance changes

Stuff.co.nz: March 20, 2013
A survey giant insurer IAG (owner of the State, NZI and AMI brands) shared with me showed two in three people are unaware that in future they, not their insurer, will be responsible for working out how much to insure their home for.
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Quake-affected properties generally selling well
National Business Review: March 19, 2013
Sales figures have held up well in the worst-affected areas, according to a survey.
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Bayleys proactive with Asia investors

NBR Property Investor: March 19, 2013
Changes to tax systems in Sungapore and Hong Kong mean more investors will be looking to buy property in New Zealand.
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House prices up in Feb but sales growth slows
New Zealand Herald. March 13, 2013
Real Estate Institute of New Zealand said the national median house price rose to $382,000 last month, which was $12,000 more than January but $7,000 below the record of $389,000 set in December.
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Dairy prices surge
interest.co.nz. March 6, 2013
The overall weighted GDT index is up 10.4% from the last auction two weeks ago, and up 22.9% on the equivalent auction a year ago.
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Protect lives, not property: Forum
New Zealand Herald. March 6, 2013
Bayleys Research approaches members of its Intellectual Property forum to ask if government proposals of no change to the minimum seismic requirements goes far enough.
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NZ wide stock of unsold houses at lowest level since July 2007

interest.co.nz. March 5, 2013
The nationwide stock of unsold houses on the block fell in February to its lowest level since July 2007, according to February's NZ Property Report from Realestate.co.nz.
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The upturn in house prices "has only just started", says BNZ economist
interest.co.nz February 4, 2013
BNZ chief economist Tony Alexander predicts the latest housing upturn will go on for another three years. He says in his "weekly overview" that examination of Real Estate Institute of New Zealand data shows that Auckland house prices are already up 27% from the low point in 2009 in the wake of the global financial crisis.
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Bank approvals up for mortgages without full deposit
interest.co.nz February 27, 2013
The country's big five banks, combined, grew residential mortgages where the borrower has less than 20% equity by NZ$3.3 billion, or 10%, during 2012.
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Editorial: Panic over draft housing plans badly misguided
New Zealand Herald February 25, 2013
Criticism of intensification seems based on fear of repeating old mistakes, but with careful scrutiny, new mix should enhance Auckland.
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Home prices expected to keep on climbing
New Zealand Herald February 25, 2013
Expectations of house price inflation continue to climb in ASB's latest quarterly survey and are close to their all-time high 10 years ago.
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Draft unitary plan sets out to change Auckland residents' behaviour and expectations when it comes to housing
New Zealand Herald February 21, 2013
Auckland Council's unitary plan looks to tackle the touchy issue of housing intensification.
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Developer lashes out after plan change declined
National Business Review February 21, 2013
A developer planning to build 235 apartments above a mall in Auckland's North Shore has spoken out after a plan change was rejected, halting the project.
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Six NZ cities where you can save a 20% deposit in under 3 years
interest.co.nz February 20, 2013
Saving a proper deposit to buy your first house depends on where you live as much as your income, according to this survey.
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Precinct Properties lifts profit
Bob Day Property Report February 20, 2013
Precinct Properties NZ Ltd (the former AMP NZ Office Ltd) saw its half-year net operating income slip 1.5%, but net profit after tax rose 15.7% after non-cash deferred tax & interest rate swap movements.
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Old Maori treasure up for sale
New Zealand Herald February 11, 2013
An old Maori meeting house and carvings worth about $6 million are being readied for auction, while Bayleys prepares to sell the historic Spa Hotel in Taupo.
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New aggressive mortgage pricing from Westpac signals a clear goal to win market share off rivals
interest.co.nz February 11, 2013
Westpac has started the week with some new aggressive home loan pricing. It has released new fixed-rate mortgage specials after ending its 2 year 4.99% rate.
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Eye on developers' levies
New Zealand Herald February 11, 2013
Housing affordability and the difficulty of buying a new first home have led to a review of the way councils charge property developers.
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Bold developers key to our cities
New Zealand Herald February 11, 2013
The collapse of Mainzeal has people worrying about who will construct the residential and commercial buildings required for the rebuild of Christchurch and the expansion of Auckland.
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Auckland boom shakes Northland
New Zealand Herald, February 8, 2013
Bayleys sells a Mangawhai property for $2.8 million, breaking the record for the region.
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Farm Confidence Survey shows split industry
Federated Farmers February 4, 2013
Federated Farmers’ 2012/13 Mid-Season Farm Confidence Survey reveals any increase in farmer confidence is largely confined to the dairy sector and even that comes off a low base.
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Apartments plan for Wynyard Quarter
New Zealand Herald February 1, 2013
Nearly 1000 apartments and townhouses priced from $500,000 are planned at Wynyard Quarter on the Auckland waterfront when the first block of residential land is offered to developers in March.
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RBNZ holds OCR at 2.5% as expected, and warns it is watching house price inflation and credit growth closely
interest.co.nz February 1, 2013
Economists expect the OCR will remain on hold at its record low until the end of 2013 or early 2014, before rising to around 4-5% in the following couple of years.
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US investor says if all else fails, 'buy land in NZ'
interest.co.nz February 1, 2013
Pimco chief Bill Gross is warning investors to "be very afraid" of coming inflation and how the flood of cheap money will affect all investments.
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Swedish investors buy Hart's dairy farms
National Business Review January 31, 2013
The farms were part of 29 former Carter Holt Harvey dairy farms near Tokoroa – supporting almost 20,000 dairy cows over 30,000ha, on land converted from forest – put up for sale in 2010.
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Sustained economic growth around the corner for Auckland
Bob Dey Property Report January 24, 2013
Auckland Council’s chief economist, Geoff Cooper, said yesterday in his second Auckland Economic Quarterly, that signs of increasing activity in the construction sector late last year signalled more sustained economic growth ahead for the region.
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Nick Smith back in Cabinet replacing Phil Heatley as Housing Minister
interest.co.nz January 23, 2013
Key said Nick Smith would bring "his trademark energy" to housing market and social housing issues.
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Novice buyers told to lower sights
New Zealand Herald January 23, 2012
First-home buyers in particular needed to be realistic about their budget and not simply "seek out what was deemed to be the coolest suburb to live in", Bayleys Real Estate director Mike Bayley said. "It's all about amending social expectations.
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Top 10 house sales pass the $59m mark
New Zealand Herald
Bayleys managing director Mike Bayley said the resurgence in $2 million-plus sales throughout 2012 reflected growing confidence in the Auckland housing market and improvement in the wider economy.
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Web stores threaten retail property
New Zealand Herald January 23, 2013
Sarah Davidson, research analyst for Bayleys, says the implications of showrooming for traditional retail premises, as well as distribution channels and hence warehousing, could be significant, taking just-in-time stock management to a new level.
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Home loan approvals exceed 8,000 in a week for first time in more than 3 and a half years, RBNZ figures show
interest.co.nz January 18, 2013
The volume of weekly mortgage approvals exceeded 8,000 in the week before Christmas for the first time in more than three and a half years, Reserve Bank data shows.
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178 farms were sold in December, the most for a December since 2007 and the second highest for any month in 2012; prices per hectare hold
interest.co.nz January 18, 2013
These details are drawn from the Real Estate Institute monthly reports for December 2012, and focus only on farm sales - excluding lifestyle blocks.
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Rush for home loans
New Zealand Herald January 18, 2013
Mortgage approvals reached their highest levels in almost four years last month, as people rushed to make the most of low interest rates.
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Record sale for out-of-zone home
New Zealand Herald January 16, 2013
Bayleys real estate agent Keith Ward sells an Epsom property for 58 per cent above its CV over the Christmas break.
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Borrowers pay banks too much because they aren't effective negotiators
interest.co.nz January 15, 2013
A review of the official data on how much borrowers are paying reveals the extent of the problem.
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Comprehensive report from Reinz - all regions
Real Estate Institute of New Zealand January 15, 2013
REINZ chief executive Helen O'Sullivan, said that despite the strong growth in sales volume, the number of sales compared to the total number of dwellings in New Zealand remained well below the long run average and substantially below the peak volume of 2003 when more than 120,000 residential properties were sold.
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Million dollar home sales up 36pc
New Zealand Herald January 14, 2013
More than 80 per cent of the properties were in the Auckland market but earthquake-ravaged Christchurch also had a high turnover of expensive properties as buyers competed for homes in lower risk areas.
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Consents for new house building jump 27% - Christchurch and Otago lead, Auckland languishes
interest.co.nz January 14, 2013
Housing consent numbers for November 2012, compared with November 2011, were: 1,658 new houses, including apartments (up 20 percent), 1,619 new houses, excluding apartments (up 27 percent), 39 new apartments (down from 109).
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Small retailers told 'focus on dollars'
stuff.co.nz January 14, 2013
As the nature of retail continues to change it will be increasingly important for small retail operators to closely manage their margins, chief executive of the NZ Retailers Association John Albertson says.
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Time to fix mortgage has come
New Zealand Herald January 14, 2013
Floating mortgage holders could save more than $700 million this year by switching to a two-year fixed rate, statistics show.
Read Article 

Exodus hits rural house prices
New Zealand Herald January 11, 2013
Property values dropping in isolated areas.
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Fixed rate mortgages below 5% are about to disappear from the market

interest.co.nz January 11, 2013
Westpac have said that their 4.95% p.a. limited time special on their 6 month and 1 year fixed mortgage rates, where LVR <80%, will expire on Sunday, 20 January, 2013.
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New floats, high returns tipped to drive property sector
New Zealand Heraldn January 10, 2013
New NZX floats, big capital raising deals and high dividends are likely hallmarks of the NZX listed property sector this year.
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NZ building consents rise again
New Zealand Herald January 9, 2013
Statistics New Zealand said 1,658 building consents in the month was 20 per cent higher than November 2011.
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Goodman issue heavily oversubscribed
Bob Dey Property Report January 9, 2013
Goodman Property Trust has scaled applications under its unit purchase plan after oversubscriptions exceeded the $30 million limit on the offer.
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North Shore houses ‘on fire’
National Business Review December 20, 2012
The North Shore Eastern suburbs' residential market is now described as ‘on fire’ in the $1 million to $1.6 million range.
Read Article 

Insurers grind down Christchurch property owners
National Business Review December 20, 2012
InsuranceWatch says the responses to its latest survey by show repairs continue to lag behind insurers’ assurances.
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Gisborne tells Jafas to jump ship
New Zealand Herald December 18, 2012
Cheap houses, job opportunities and warmer weather - how Bayleys Gisborne are luring Aucklanders to the East Coast.
Read Article 

ANZ leads the homefront in mortgage war
stuff.co.nz December 17, 2012
This year has been great for homeowners, who have benefited from flurries of home loan cuts as interest rates remain at record lows. Business journalist Richard Meadows rates each of the major mortgage lenders.
Read Article 

Reserve Bank confirms banking registration for building society Heartland NZ
interest.co.nz December 17, 2012
Building society Heartland New Zealand, formed through the merger of Marac Finance, CBS Canterbury and the Southern Cross Building Society in January 2011, has gained Reserve Bank approval to become a bank.
Read Article 

Kiwibank ends its pre-Christmas special, but makes big cuts to 3-5 year fixed rates
interest.co.nz December 17, 2012
Kiwibank is ending its "limited time pre-Christmas special" 4.85% six month mortgage rate offer, and cutting mortgage rates for its three, four and five year fixed terms.
Read Article 

House prices nearing 2007 peak
New Zealand Herald December 12, 2012
The latest figures from QV.
Read Article 

Surging volumes and prices in Auckland lead the real estate market higher
interest.co.nz December 11, 2012
November house sales saw the median price rise to a record NZ$383,250 according to data released by the Real Estate Institute of New Zealand (REINZ) today.
Read Article 

17 sales at Bayleys Total Property auction
Bob Dey Property Report December 7, 2012
Bayleys’ closing Total Property auction for the year started with a hiss & a roar yesterday – the first 7 properties all sold under the hammer, 3 of them takeaways & a coffeehouse all going for sub-6% yields.
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Sights on satellites
New Zealand Herald December 5, 2012
The Intellectual Property forum, convened by Bayleys Real Estate, comments on solutions to housing affordability.
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Even more ideas for housing affordability 'solution'
interest.co.nz December 4, 2012
'Starter home' design winner Tony Koia talks costs for mass-producing affordable homes with lower running costs.
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More ideas for housing affordability 'solution'
interest.co.nz December 4, 2012
Fixing land supply road blocks is the simple answer for New Zealand's housing affordability woes, Prime Minister John Key says.
Read Article 

Listings fail to keep up with demand for homes
New Zealand Herald December 4, 2012
More analysis of latest Realestate.co.nz figures.
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Demand clears stale listings
interest.co.nz December 4, 2012
National stock of unsold houses drops to a 5-year low, Realestate.co.nz figures show.
Read Article 

On a financial basis, how does home ownership compare with renting?
interest.co.nz December 3, 2012
If you are renting now and saving for a down-payment on your own home, we show who should buy now, and who should stay renting-and-saving.
Read Article 

Double Shot Interview: How and why previously unfashionable Auckland suburbs are becoming popular
interest.co.nz December 3, 2012
VIDEO: John Bolton, principal of Squirrel Mortgage Brokers who also dabbles in property investment and development, says people are pushing out into suburbs they wouldn't have looked at in the past.
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Blind Foundation benefits by $499,000
Otago Daily Times November 30, 2012
The Royal New Zealand Foundation of the Blind received almost half a million dollars from a Dunedin couple yesterday, following a spirited auction in Queenstown.
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Embrace the opportunity of foreign ownership, says ANZ ceo
interest.co.nz November 30, 2012
To tap burgeoning Asian agricultural export opportunities Kiwis need to accept Asian investment and farm ownership or lose out to other countries, Mike Smith says
Read Article 

Charity begins at home in Otago
National Business Review November 29, 2012
An Otago woman has bequeathed the proceeds of her estate to 17 charities. This includes her three-bedroom Arrowtown house. Proceeds from a Bayleys auction will be given to the Royal New Zealand Foundation for its blind guide dog services.
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Property used to enter NZ, says dispirited developer
New Zealand Herald November 27, 2012
An Auckland developer building houses for under $400,000 says Chinese are using property as a ticket into this country because owning real estate increases immigration visa points.
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Agriculture industry entering a new era
interest.co.nz November 27, 2012
ANZ's report finds that a global race is emerging to develop high potential agricultural opportunities.
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Bernard Hickey: 'sure thing' returns on real estate, especially in Auckland
New Zealand Herald November 26, 2012
I sold my house in Auckland this week to take advantage of the "heat" in the market. I'm looking to pay off my mortgage and buy a house, mortgage-free, in Wellington.
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House prices surge to record highs and interest rates fall marginally, Roost Home Loan Affordability reports show
interest.co.nz November 26, 2012
Housing market activity and buyer interest perked up through the Spring open home buying season, pushing the national median house price to a record high NZ$380,000, up 5.8% from a year ago. Auckland’s median house price jumped to a record high NZ$530,000, up 14% from a year ago.
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Babich buys Tetley Brook for new vineyard operation
National Business Review November 21, 2012
Babich Wines has bought Tetley Brook in Marlborough for $4.47million, following a successful Bayleys campaign.
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Fix or float?
interest.co.nz November 21, 2012
Bernard Hickey changes his view on whether to fix or to float his mortgage. He also looks at what the economists are saying.
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SOLD: Manurewa's Southmall shopping complex and the former Epsom Post Office
Bob Dey Property Report November 21, 2012
Bayleys agents have concluded two more sales following the Greater Auckland auction on 1 November.
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"Kiwi Build" aims to bring 100,000 homes to market at less than $300,000 each
interest.co.nz November 19, 2012
Labour will tap the government's cheap borrowing costs to launch a ten-year programme to build 100,000 homes at less than NZ$300,000 each if it gets into power in 2014, leader David Shearer announced over the weekend.
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Auckland housing heading back to boom territory as investors sick of low deposit rates turn to property, BNZ's Tony Alexander says
interest.co.nz November 19, 2012
Auckland's housing market is shifting back into boom territory as investors dissatisfied with low deposit rates shift back to property, while consumers in the rest of the country seem intent on controlling their spending, BNZ chief economist Tony Alexander says.
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A good time to buy: Rising prices and low interest rates
interest.co.nz November 19, 2012
Housing price expectations approach record level in latest ASB housing confidence survey; most buyers think interest rates will stay low for a long time.
But Aucklanders don't share this view due to the affordability crisis in their region.
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NZ best place in world to do business, Forbes says; Cites transparency and stability, lack of red tape.
interest.co.nz November 16, 2012
New Zealand has ranked number one on Forbes' latest list of Best Countries for Business, up one place from last year.
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Fewer farm sales but better prices - REINZ has positive outlook for rural real estate
interest.co.nz November 16, 2012
A "very active" rural property market through October should see a jump in unconditional farm sales in November, the Real Estate Institute of New Zealand (REINZ) says.
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Commercial success: DNZ Property Fund Ltd has lifted its net profit after tax by 48%
Bob Dey Property Report November 16, 2012
Annual figures out now
Read Article 

PHOTO ESSAY: Christchurch rebuild, from above
National Business Review November 16, 2012
A new series of aerial photos shows the extent of Christchurch's CBD cleanout since the quakes.
Read Article 

Report finds a global race is emerging to develop high potential agricultural opportunities
interest.co.nz November 15, 2012
ANZ has released a major Report (.pdf 13MB) detailing the opportunities for Australia and New Zealand for agricultural commodities over the next 30 years.
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No surprise house prices going up - Bill English
New Zealand Herald November 14, 2012
Household incomes have increased by a third in the last four years, while average house prices have risen nationally by only 1.3 per cent in the same period, making recent real estate market buoyancy unsurprising, says the Finance Minister.
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Rental property most popular investment with good capital gains opportunities, ASB says
interest.co.nz November 14, 2012
The bank's latest Investor Confidence Survey: Investor confidence is at its highest level since late 2010 with more investors backing rental property to offer the best returns than any other investment class.
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Volumes up 32.6% vs year ago; Auckland, Wellington, Christchurch hotter than the rest
interest.co.nz November 12, 2012
The Real Estate Institute of New Zealand (REINZ) says the housing market "roared into life" in October with sales volumes rising 32.6% from a year ago and the median house price surging NZ$9,000, or 2.4%, from September to a record high of NZ$380,000.
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Residential property values nationwide push on above the 2007 market
interest.co.nz November 12, 2012
Good properties are attracting numerous interested buyers, with auctions proving successful for many, QV says.
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Infographic: Auckland property revaluations
New Zealand Herald November 12, 2012
Check out this interactive map on property revaluations carried out by Auckland Council in 2011.
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Commercial property: Double digit return likely
Weekend Herald, November 10, 2012
Whangarei's largest CBD retail property is for sale offering a high yield and a future redevelopment opportunity.
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BNZ slashes mortgage rates to 4.95%
interest.co.nz November 8, 2012
BNZ launches 4.95% mortgage rates for fixed terms of 6 mths and 1 year, matches ANZ and the Public Trust
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Rental madness in Christchurch
stuff.co.nz November 8, 2012
Queues of people stretching out onto the road waiting to view a rental property, landlords raising the rent by $50 during viewings and some tenants getting into bidding wars with one another at impromptu "rental auctions".
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Housing NZ to build for sale
stuff.co.nz November 8, 2012
Housing New Zealand plans to build between 200 and 350 houses in Christchurch over the next 18 months
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Rising house prices should slow - RBNZ
stuff.co.nz November 7, 2012
House prices are over-valued, but some of the pressure on rising prices should come off as more homes are built in the coming year, according to the Reserve Bank.
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Dominant drivers of NZ house prices are on demand side - tax settings, interest rates, and inflation expectations - Westpac economists say
interest.co.nz November 6, 2012
As the rest of us argue which supply-side factors need to change to make housing more affordable, Westpac economists reckon demand factors like tax settings, interest rates and inflation expectations are the dominant drivers of house prices in New Zealand.
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 Asking prices for listed homes soar to new high in national sellers' market
New Zealand Herald November 6, 2012
Auckland property sellers are making the most of demand for houses in the city, with the average asking price hitting a new record.
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KiwiSaver first home drawdowns quadruple
New Zealand Herald November 5, 2012
The amount of money being withdrawn from KiwiSaver by first-time home buyers to get on to the property ladder has more than quadrupled in a year.
Read Article

Believe it or not: a website to find best real estate agent
National Business Review November 5, 2012
Real estate agent and businessman Paul Vujnovich has come up with a plan he says will put sellers on to the right sale agents.
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Apartment prices to rise as cash freed up - experts
New Zealand Herald November 2, 2012
Changes to bank lending criteria are making it easier to buy apartments, but experts say increased competition will force prices up in Auckland's already overheated market.
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Prices to keep rising due to supply issue
interest.co.nz November 2, 2012
House prices in supply constrained Auckland and Canterbury will keep rising due to supply constraints, ASB economists say, following figures from Realestate.co.nz showing both remained firm sellers' markets.
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12 properties in Greater Auckland portfolio sold
Bob Dey Property Report November 2, 2012
10 of the 16 properties taken to auction from Bayleys’ Greater Auckland commercial portfolio yesterday were sold under the hammer, and 2 more were sold prior.
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Quake valuations to hit Wellington homeowners
stuff.co.nz November 1, 2012
Homeowners in Wellington could be left facing bigger rates bills as earthquake strengthening costs hit commercial property values.
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Auckland and Christchurch lead 22% jump in building consents
interest.co.nz October 31, 2012
Auckland and Christchurch led a 22% rise in building consents issued September 2012 compared with September 2011, Statistics New Zealand says.
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Vacant premises prove popular
Bob Dey Property Report October 31, 2012
Bayleys agents have completed 12 sales on the isthmus and in south Auckland, including sale of the old Manukau Knitting Mills site in Howick for redevelopment. That and 5 other properties were sold with vacant possession.
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Housing NZ to build for sale
stuff.co.nz October 31, 2012
The Government will build affordable homes for private sale for the first time in response to the Christchurch housing shortage.
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Govt's housing affordability plan
interest.co.nz October 31, 2012
It will be another six to nine months before the real details of the government's efforts to address housing affordability will be known.
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Intensification, affordability & reality
Bob Dey Property Report October 26, 2012
These were some of the points raised at a Property Council seminar on the residential development sector on Wednesday, with a strong focus on affordability.
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Auckland housing crisis 'too big'
stuff.co.nz October 25, 2012
One of Auckland's largest property developers has major doubts about the industry's capability to build the scale of housing required to solve the city's housing crisis.
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Rates held 'for now'
stuff.co.nz October 25, 2012
New Reserve Bank governor Graeme Wheeler has left the official interest rate unchanged at 2.5 per cent "for now".
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Strong week for mortgage approvals
interest.co.nz October 19, 2012
Housing loan approvals rose to both their highest volume and value last week since July, Reserve Bank figures show.
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Govt tussles with council over Auckland plan
interest.co.nz October 17, 2012
The government will set up a new panel to tell the Auckland Council which new development plans it can impose outside of the Resource Management Act (RMA).
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Case for interest rate cut growing
interest.co.nz October 15, 2012
The case is growing for the Reserve Bank to cut the Official Cash Rate (OCR), although the New Zealand dollar will first have to rise further and the housing market stall, BNZ head of research Stephen Toplis says.
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BNZ ends 18-month mortgage offer
interest.co.nz October 15, 2012
BNZ has ended its 5.25% "Classic" 18-month fixed-term home loan offer, which was the lowest advertised interest rate for this time period from a bank.
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North Shore office vacancies fall
New Zealand Herald October 12, 2012
The availability of larger floor plates in the southern precincts of the North Shore, particularly Takapuna, has enabled bigger tenants to relocate there, contributing to a marked reduction in vacancies, says Daryl Devereux, Bayleys North Shore Commercial director.
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House prices rise only 1.8pc in last quarter
New Zealand Herald October 9, 2012
New Zealand property values extended their gains last month, and have recovered the losses seen after the global financial crisis and the bursting of the country's housing bubble, according to government valuer Quotable Value.
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Big banks say they can't pass on RBA's rate cut
New Zealand Herald October 9, 2012
Australia's big banks insist they can't afford to pass on the Reserve Bank's interest rate cut, but angry mortgage holders are increasingly likely to respond by switching lenders.
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Shortage of listings pushes house prices up
stuff.co.nz October 9, 2012
Wellington house prices increased 1.9 per cent in the past month, according to the Real Estate Institute's housing price index, with listings becoming increasingly scarce.
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Auckland to keep growing faster than rest of NZ – but projections cast doubt on extent of housing need
Bob Dey Property Report October 8, 2012
Statistics NZ projections show Auckland’s share of the New Zealand population is likely to rise from 34% last year to 38% by 2031.
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REINZ warns of tight housing market
interest.co.nz October 8, 2012
The Real Estate Institute of New Zealand (REINZ) is warning of a tighter housing market going into the end of the year after the traditional spring rush of listings was not as strong this year.
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Brain gain from Oz tipped to grow
New Zealand Herald October 3, 2012
For every 10 New Zealanders who have gone to Australia, fewer than three have made the move back again.
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Sellers rule the property market
stuff.co.nz October 3, 2012
The New Zealand property market remains firmly in favour of sellers, according to the latest monthly NZ Property Report.
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Aussie interest rate cut by a quarter point
New Zealand Herald October 3, 2012
The Reserve Bank of Australia has cut its key interest rate, citing weaker commodity prices in a global market where the outlook for economic growth "has softened".
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Housing boom seen spreading
interest.co.nz October 3, 2012
The housing market remains a sellers' market across most of New Zealand with inventory levels falling to another low in Auckland, with just 9,567, or 17.5 equivalent weeks of sales, on the block, Realestate.co.nz says.
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The lowest mortgage rates
interest.co.nz October 2, 2012
The spring home selling season has started strongly with low numbers of houses available for sale and stiff competition. Prices are rising in many markets.
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Auckland housing market to keep booming
interest.co.nz October 1, 2012
Auckland's booming housing market is expected by businesses and economists to stay strong as they see little potential for a supply response to demand pressures there, Treasury says.
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Mortgagee sales near 2009 levels
New Zealand Herald October 1, 2012
The number of mortgagee sales in the first half of this year is close to figures last seen in the recession in 2009.
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Westpac lifts floating mortgage rate
interest.co.nz October 1, 2012
Westpac has increased its main variable, or floating, interest rate by 15 bps to 5.75% from 5.60% effective Saturday, September 29, 2012 for new customers. It will apply to existing customers from October 20, 2012.
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Roost Home Loan Affordability for Aug
interest.co.nz October 1, 2012
Home loan affordability worsened slightly in August as the national median house price rose again to near a record high, more than offsetting record low interest rates.
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Rebuild drives up August housing consents
New Zealand Herald September 28, 2012
New Zealand consents to build new homes rose for a third straight month in August, driven by rebuilding activity in Christchurch.
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Kiwibank cuts mortgage rates
interest.co.nz September 28, 2012
Kiwibank has cut all three of its six-month, one-year, and two-year advertised, or carded, fixed-term mortgage rates to 4.99%, effective immediately.
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7 commercial properties sell at Bayleys
Bob Dey Property Report September 27, 2012
5 properties sold under the hammer at a quiet Bayleys Real Estate’s Total Property commercial auction yesterday, and another 2 were sold prior.
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ANZ culls National Bank brand
interest.co.nz September 27, 2012
ANZ New Zealand, the country's biggest bank, has confirmed the worst kept secret in New Zealand banking, - the death of the National Bank brand.
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HSBC's 4.85% mortgage rate
interest.co.nz September 25, 2012
HSBC has cut its advertised, or carded, fixed-term, six-month home loan interest rate by 64 basis points to a new market low of 4.85% from its previous rate of 5.49%.
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Westpac drops 4, 5 yr mortgage rates
interest.co.nz September 20, 2012
Westpac is cutting its advertised, or carded, four and five year home loan rates to fresh market lows.
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City affordable, if you start small
New Zealand Herald September 19, 2012
More than half of Aucklanders think first-time home buyers should turn their back on the city to get on the property ladder, a Herald-DigiPoll survey shows.
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Rise of $1m suburbs
New Zealand Herald September 18, 2012
Eleven Auckland suburbs now have average house values of $1 million or more - and New Zealand could have its first $2 million suburb by Christmas.
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Mortgage rate cuts, deposit rate increases
interest.co.nz September 17, 2012
Sister banks ANZ and National have cut their one and two-year advertised, or carded, home loan rates with the new two-year rate the lowest one currently advertised by a bank.
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Farm sales at highest level in three years
New Zealand Herald September 14, 2012
Farm sales are now at their highest level on an annual basis since April 2009, according to figures out today.
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ASB the June quarter laggard
interest.co.nz September 14, 2012
ASB, whose CEO is now targeting growing market share in the residential mortgage market, was the only one of the big five banks to see its mortgage book shrink in the June quarter.
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Property market favouring sellers
stuff.co.nz September 13, 2012
There's more confirmation that it's sellers' market for property with sentiment from real estate agents picking up on all fronts.
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Mortgages: To fix or float?
stuff.co.nz September 13, 2012
The Reserve Bank has given a clear indication today that interest rates will not be going up for longer, raising the question, should mortgage holders float or fix?
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RBNZ holds interest rate at 2.5pc
stuff.co.nz September 13, 2012
The Reserve Bank has left the official cash rate (OCR) on hold and pushed back when it expects interest rates to rise until late next year.
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Interest-rate rise looking ever more distant
New Zealand Herald September 11, 2012
A distinctly overcast international outlook and a stubbornly high dollar are expected to keep the Reserve Bank on hold when it reviews the official cash rate on Thursday.
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National residential property values rose in August and are now just 0.4% below the 2007 peak, QV says
interest.co.nz September 11, 2012
National residential property values have continued rising, with values now up 4.8% over the past year to just 0.4% below the 2007 market peak, government valuer Quotable Value (QV) says.
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Sub 5% mortgage rates vanishing
interest.co.nz February 11, 2012
Westpac has ended its market leading 4.99% one year fixed rate mortgage Special. (This was a special rate that only applied to <80% LVR lending.)
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Fresh record for Auckland house prices
interest.co.nz September 11, 2012
National home sales volumes rose 16% year-on-year last month and prices 2.5%, according to the Real Estate Institute of New Zealand's (REINZ) latest monthly report for August.
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ANZ shifts OCR hike view to 2014
interest.co.nz September 6, 2012
ANZ National Chief Economist Cameron Bagrie became the first of the big four bank economists to shift his view on when the Reserve Bank will hike its Official Cash Rate (OCR) out to 2014 from mid 2013.
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Christchurch home building surges
stuff.co.nz September 5, 2012
Canterbury is leading the charge in increased home building - helping push national residential building work up a sizeable 7.1 per cent in the three months ending June, Statistics New Zealand says.
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Aussie rate unlikely to change in next few months
New Zealand Herald September 5, 2012
The Reserve Bank of Australia has left the cash rate at 3.5 per cent and given no reason for anyone to expect it to change in the coming few months.
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Auckland stays hot but towns chilly
New Zealand Herald September 5, 2012
Today's Herald QV Quarterly Property Report underlines how heated segments of the property market are - with Auckland again leading the way.
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Quantifying the housing affordability time-bomb
interest.co.nz September 5, 4012
Since early-2009 low mortgage interest rates have disguised the extent to which New Zealand has a housing affordability problem.
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Move back to fixing continues
interest.co.nz September 4, 2012
The return to favour with borrowers of fixed-term home loans over floating rate ones has now seen the overall value of floating, or variable, rate mortgages drop NZ$6.6 billion in just three months and the value of fixed mortgages jump NZ$8.3 billion over the same period.
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Roost Home Loan Affordability Report for July
interest.co.nz September 3, 2012
Home loan affordability improved in July as the national median house price edged back from record highs and interest rates remained around record lows.
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FMA clamps down on property syndication
interest.co.nz August 31, 2012
The Financial Markets Authority (FMA) plans to pull proportionate property ownership schemes fully under the broader regulatory umbrella by not renewing their exemption notice from the Securities Act when it expires on September 30.
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Apartments lift July building consents
New Zealand Herald August 30, 2012
New apartments helped boost building consents by more than 25 per cent this July compared to a year ago, according to latest figures.
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Bayleys agents clock up 9 Shore & Hibiscus Coast sales
Bob Dey Property Report August 30, 2012
Bayleys agents have sold 4 properties at Albany, 3 in the Wairau Valley and 2 on the Hibiscus Coast in recent transactions
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Westpac launches 'HomeClub'
interest.co.nz August 29, 2012
Westpac New Zealand has launched an online tool for home buyers with the help of Trade Me featuring detailed information such as Quotable Value (QV) valuations, mortgage calculations and comparable sales data, that it plans to add pre-approval for home loans to by year's end
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Canterbury building activity gathering pace
New Zealand Herald August 29, 2012
Building consents approved in Canterbury in the first half of 2012 valued almost the same as all consents issued last year, latest data shows.
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Housing boom and bust analysed
New Zealand Herald August 22, 2012
There is a lot more to the destructive potential of housing price booms than how high prices and total debt rise in the first place, according to Reserve Bank of Australia economists.
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Great Kiwi flight to Australia continues
New Zealand Herald August 22, 2012
The lure of Australia continued to keep the departure lounges busy last month.
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Global house prices ease but not in NZ
New Zealand Herald August 21, 2012
New Zealand has one the world's most over-valued housing markets, according to the Economist.
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More mortgage rates move
interest.co.nz August 21, 2012
BNZ has raised fixed mortgage rates for eighteen months, three and four year fixed terms, and dropped their Classic two year rate this morning.
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Agency’s Shore leasing up 10%, floor area up 94%
Bob Dey Property Report August 20, 2012
Bayleys North Shore Commercial says it’s achieved 10% more leasing transactions in the first 7 months of this year compared to the same period last year.
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ASB in fresh home loan push
interest.co.nz August 17, 2012
ASB CEO Barbara Chapman is predicting stronger asset growth from the bank in its current financial year as it strives to grow its residential mortgage lending book following a flat performance in the year to June 30.
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ANZ mortgage rates on the move
interest.co.nz August 17, 2012
ANZ and the National Bank have raised interest rates for short term fixed mortgages, and lowered rates for long term fixed mortgages.
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Veda says mortgage enquiries up 44%
interest.co.nz August 16, 2012
Credit bureau Veda says mortgage enquiries rose 44% in July emphasising renewed confidence in borrowing for both homes and businesses.
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House prices expected to keep rising
Stuff.co.nz August 14, 2012
A growing number of people think house prices will rise in the next 12 months, but fewer people expect interest rates to rise, according to a bank survey.
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Dairy farm buyers more interested
interest.co.nz August 14, 2012
A rising rate of enquiries for dairy farm sales suggests good support for the sector once spring gets underway, the Real Estate Institute of New Zealand says.
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Auckland house price inflation 6-9%
interest.co.nz August 14, 2012
House price inflation picked up in July as record low interest rates combined with housing shortages in Christchurch and Auckland to boost prices in those cities by 6% to 9% from a year ago. Prices in some parts of Auckland and Christchurch are rising at an annual rate of 10-15%.
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NZ home sales rise 20% in July – Auckland, Christchurch lead
National Business Review August 13, 2012
New Zealand home sales climbed 20% in July as the property market extended its recovery from the 2011 lows on continued strength in Auckland and Christchurch even as prices fell from June's record high.
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Expats are heading home
stuff.co.nz August 8, 2012
The appeal of the relatively healthy New Zealand economy is luring expats back in the thousands, helped along by one of the worst European recessions since the Second World War.
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Wgtn commercial property market to remain subdued: KIP
National Business Review August 8, 2012
Wellington's commercial property market is forecast to remain subdued for the next four years, Kiwi Income Property Trust says.
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Australia keeps key rate at 3.5%, saying global outlook ‘more subdued’
National Business Review August 7, 2012
The Reserve Bank of Australia kept its key interest rate unchanged at 3.5%, saying inflation remains “low” and the pace of the global economy has become more tepid.
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Winter listings still low despite property influx
New Zealand Herald August 7, 2012
An influx of new properties helped ease pressure a little in the housing market over July, but sellers still have a firm upper hand.
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Housing still a sellers' market
interest.co.nz August 7, 2012
Asking prices for new house sale listings rose slightly in July from June, as the market remained in favour of sellers, realestate.co.nz says.
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Treasury upgrades house price forecast
interest.co.nz August 6, 2012
The recent uptick in the property market is due to housing shortages in Canterbury and Auckland as demand rises but supply does not respond, Treasury says.
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Westpac offers 4.99% 1yr mortgage rate
interest.co.nz August 6, 2012
Westpac has introduced a new one-year mortgage rate at 4.99% for borrowers with more than 20% equity in their homes.
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Uncle Fix-It inspections to become thing of the past
New Zealand Herald August 6, 2012
The days of getting a knowledgeable relative to do a "building inspection" on a house you're thinking about buying are numbered.
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4 sell in Wellington, one in Hamilton at Bayleys auctions
Bob Dey Property Report August 6, 2012
All 4 properties offered by Bayleys at its Total Property auction in Wellington last week were sold under the hammer. Another property in Hamilton was sold at mortgagee auction.
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Property firms look to year ahead
New Zealand Herald August 6, 2012
Most of the listed property companies and trusts trading on NZX are about to issue guidance on the year ahead when they hold annual meetings or release full-year results this month.
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Kiwibank sets lowest 18 mth mortgage rate
interest.co.nz August 6, 2012
Kiwibank has introduced a new 18-month special mortgage rate of 5.19% for people with 30% equity in their homes.
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World dairy prices up 3.5pc in overnight auction
New Zealand Herald August 2, 2012
Prices of dairy products rose for only the fourth time this year in the latest GlobalDairyTrade sale overnight, paced by whole milk powder, the biggest product by volume sold through the platform by Fonterra.
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More kiwis fix mortgages
stuff.co.nz August 1, 2012
The banks' battle to hook mortgage customers with attractive fixed-rate deals has begun to pay off, with Kiwis gradually swinging away from floating home loans
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Westpac warns of 'frothy' house prices
interest.co.nz August 1, 2012
Westpac Chief Economist Dominick Stephens has warned that an extended period of low interest rates risks heating up the housing market from warm to ''positively frothy" and does nothing to redress the economic imbalances forcing New Zealand to keep borrowing heavily from the rest of the world.
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Govt unveils Christchurch CBD plan
interest.co.nz July 31, 2012
Landowners in central Christchurch will know by the end of next week whether the government wants to purchase their land as part of its plan to redevelop the city's central business district (CBD)
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Roost Home Loan Affordability Report for June
interest.co.nz July 31, 2012
Home loan affordability worsened in June as the national median house price rose to record highs, however record low interest rates continue to make housing affordable for double income households outside of central Auckland and Christchurch.
Read article