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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 commentary.

Len Brown out to bust rates myth
3 News, October 20, 2014
Auckland Mayor Len Brown says "there is absolutely no connection" between ballooning property values and the amount the council collects in rates.
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Dairy fund banks on capital gain
Stuff.co.nz, October 20, 2014
Dairy farmers are being offered mortgage lending that will charge interest based on milk prices and the capital gain on their farm.
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Pakuranga Plaza sold to Singapore investors
Stuff.co.nz, October 20, 2014
Auckland's Pakuranga Plaza has been sold to Singapore-based investors who are weighing up big apartment plans in the area.
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Redwood Centre unit up for grabs
New Zealand Herald, October 20, 2014
A planned sell-down of commercial units within urban Rotorua's Redwood Centre retail and healthcare hub has seen a unit housing Liquorland and Don Kebab stores to be the latest placed on the market for sale.
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Floor in distinctive Parnell building for lease
New Zealand Herald, October 20, 2014
The first floor of a distinctive white-washed and schist-clad Parnell building is becoming available for lease with a range of tenancy options on offer from 50 to 200 square metres.
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Auckland's new CVs revealed: Coastal property lags behind city prices
New Zealand Herald, October 20, 2014
Coastal real estate continues to lag well behind soaring city prices with latest capital value ratings reflecting slow property market trends.
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Auckland property: Winners, losers in rates change
New Zealand Herald, October 20, 2014
The latest property valuations in Auckland have thrown the spotlight back on a fixed charge that can ease the rates pain for homeowners of expensive properties, but hurt those in cheaper properties.
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Consumer confidence slips to 12-month low in October
New Zealand Herald, October 20, 2014
New Zealand consumer confidence fell to a 12-month low in October as households felt less cheery about the future, with economic growth coming off the boil.
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The number of rented dwellings increased by 17,592 in the year to September with 7,821 of them in Auckland
Interest.co.nz, October 20, 2014
There was a sharp jump in the number of households living in rented accommodation in the 12 months to September, according to Ministry of Business Innovation and Employment (MBIE) figures
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Paula Bennett names heads of Rules Reduction taskforce aimed at rooting out loopy property rules; complaints website launched
Interest.co.nz, October 20, 2014
Local Government Minister Paula Bennett has formally launched her Rules Reduction Taskforce aimed at finding 'loopy' property rules and regulations, naming the heads of the new body and setting up a website to solicit examples.
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Key says first home buyers in Auckland should look at buying apartments to get on the ladder; Govt's focus on growing supply; blames land rules
Interest.co.nz, October 20, 2014
Prime Minister John Key has told first home buyers in Auckland to look at buying apartments to get on the property ladder, although he acknowledged that recent rises in house and land prices in New Zealand's biggest city were not sustainable.
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New Housing NZ Minister Bill English plans to ramp up Housing NZ sales to accelerate social housing reforms and boost affordable housing supply
Interest.co.nz, October 20, 2014
New Housing NZ Minister Bill English is pushing ahead with reforms to the Government's NZ$18.7 billion stock of state houses that he hopes could ramp up the development of social housing by Iwi and other community-owned housing providers to address a massive shortage of affordable housing.
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Asian appetite for NZ commercial investment opportunities
National Business Review, October 20, 2014
Southeast Asian investor interest in the New Zealand commercial property market continues on an upward trajectory underpinned by our strong economic performance, stable government, and lifestyle/education opportunities according to Bayleys international director, Chris Bayley.
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Buyer of East Auckland hub to retain local link
National Business Review, October 20, 2014
One of the country’s longest-established shopping centres has been sold to Singapore-based investors for $96 million.
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Quattro float on hold – choppy markets blamed
National Business Review, October 20, 2014
A multi-million dollar investment fund based on three New Zealand office towers and destined for ASX listing has been put on hold.
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ANZ residential investor survey shows most expect property values to keep rising faster than rents
Interest.co.nz, October 17, 2014
Restrictions on banks' high loan to valuation ratio (LVR) residential mortgage lending have had less impact on residential property investors than expected, according to the 2014 ANZ Property Investment Survey.
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Chinese high-rollers plumping up SkyCity profit
National Business Review, October 17, 2014
SkyCity Entertainment Group's strong growth in its Auckland business continued into the first quarter of this financial year, but overall growth was pulled back by foreign exchange rates and business disruptions in Adelaide.
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Tainui puts hand up for English's state house sale
New Zealand Herald, October 17, 2014
Tainui says it wants to spend "tens of millions of dollars" on buying up state houses as Finance Minister Bill English signals an open market for the country's 68,000 Housing New Zealand properties.
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Chinese investment in NZ housing tipped to rise
New Zealand Herald, October 17, 2014
China's plans to ease the restrictions its citizens face when investing overseas will result in increased Chinese capital flowing into New Zealand's property market and contribute to rising house prices, says an economist.
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Council-owned Infracon sold to Rich Lister Higgins Group out of liquidation
National Business Review, October 17, 2014
Infracon, the civil construction firm owned by the Tararua and Central Hawkes Bay district councils, has been sold to local civil engineering company Higgins Group out of liquidation for an undisclosed sum.Higgins Group is owned by the NBR Rich Lister Higgins family.
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Mansons keeping shrewd eye out for residential opportunities
National Business Review, October 17, 2014
Auckland developer Manson is keeping an eye out for residential development opportunities, not major subdivisions.
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Building construction costs set to accelerate, NZIER says
National Business Review, October 16, 2014
New Zealand building costs are expected to accelerate at the fastest pace since the last construction boom in the mid-2000s, driven by demand from expansion in Auckland and the rebuilding of earthquake devastated Christchurch.
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SkyCity's convention centre delays expected, says analyst
National Business Review, October 16, 2014
SkyCity Entertainment Group's share price is unlikely to budge much today on the back of annual report coverage that the construction of its colossal convention centre will be delayed.
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Towers to rise soon in Milford + video
New Zealand Herald, October 16, 2014
The first of a group of controversial, tall apartment towers will soon begin to rise around the Milford Shopping Centre on Auckland's North Shore.
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Council asked to back bonds for low-cost homes
New Zealand Herald, October 16, 2014
Community housing groups want the Auckland Council to underwrite "housing bonds" worth $30 million to kick-start more than 200 new homes for low-income families across Auckland.
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Experts nut out Auckland's housing crisis solutions
New Zealand Herald, October 16, 2014
Auckland's next generation will be divided into those whose parents owned a house and offspring of renters doomed to rent themselves, an economist has predicted.
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Growth sparks Auckland job surge
New Zealand Herald, October 16, 2014
Auckland's job numbers are growing, with 21,000 added in the past year.
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Franchisee fight over Progressive site
National Business Review, October 16, 2014
Progressive Enterprises has taken legal action to stop a small supermarket site from being turned into a rival business.
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SkyCity pushes out deadline for completing international convention centre
National Business Review, October 16, 2014
SkyCity Entertainment Group [NZX: SKC] has extended by nine months the deadline for completing construction of the controversial NZ International Convention Centre from the original completion date of September 2017 to mid-2018.
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How will QV rate Wellington heritage buildings?
National Business Review, October 16, 2014
How will Wellington rating valuer QV evaluate historic buildings next year?
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Interest rates tipped to stay low through 2015
3 News, October 15, 2014
World share markets have rallied a little this morning, but the mood has been downbeat lately on concerns about a weaker outlook for global growth.
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Singapore interest in NZ malls
New Zealand Herald, October 15, 2014
Auckland investment specialists are closely watching Singapore's Government Investment Corporation, believed to have submitted an attractive bid for New Zealand's biggest and most valuable collection of shopping malls.
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Christchurch pips Auckland as NZ crane capital
New Zealand Herald, October 15, 2014
Major centres are sprouting a growing crane population, with 76 cranes now on big sites.
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NZ wealth growth on top of the world
New Zealand Herald, October 15, 2014
New Zealand's wealth has grown more than that of any other country in the world since 2000, according to a new report released by Credit Suisse.
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Supreme Court on unit titles: What you need to know
National Business Review, October 15, 2014
Last week New Zealand's top court clarified several body corporate laws in the Empire Building case.
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Argosy lifts value of property portfolio by 2.1% in first half
National Business Review, October 15, 2014
Argosy Property [NZX: ARG], New Zealand's fourth-largest listed property investor by market capitalisation, said the value of its portfolio rose by 2.1 percent in the first half.
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RMA needs reform to ease urban development
National Business Review, October 15, 2014
Newly appointed Environment Minister Nick Smith has announced Resource Management Act reform to foster urban development, where high land prices and expensive resource consents are blocking efforts to provide affordable housing.
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Real estate 2020 – building the future
National Business Review, October 15, 2014
A paper released recently by international consultants PwC exploring probable changes in the commercial real estate landscape as the industry evolves to remain relevant in line with rapid economic and social change, gives food for thought for agencies in New Zealand.
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Andrew King: Here's how Gen Y can buy a home
New Zealand Herald, October 14, 2014
A recent report showed that Generation Y - those under 28 - were increasingly becoming property orphans and spending their money on travel and shopping rather than saving for a house deposit.
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Retail out of favour with Argosy, Ladstone sells Pakuranga
National Business Review, October 14, 2014
Argosy continues to reduce its exposure retail property.
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Shortage of beds a possibility
Stuff.co.nz, October 14, 2014
Delays in getting hotels re-opened could leave Christchurch facing a bed shortage when the Cricket World Cup opens in the city in February.
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Milk season starts strongly
Stuff.co.nz, October 14, 2014
New Zealand dairy farmers are going all out to produce milk, despite the lower prices they will receive.
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Waterfront Auckland backs ground rent deals
New Zealand Herald, October 14, 2014
Waterfront Auckland has defended its Wynyard Quarter leasehold deal where apartment owners can pre-pay ground rent for 125 years.
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Housing repairs almost finished
New Zealand Herald, October 14, 2014
New Zealand's biggest residential repair job is nearly finished, with Fletcher Earthquake Recovery completing most of the Christchurch housing repair backlog.
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Auckland bucks house price trend
New Zealand Herald, October 14, 2014
The pace of property price increases has eased nationwide, with an expert citing the effect of Reserve Bank lending restrictions and higher interest rates.
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Kiwis vague on risky money options
New Zealand Herald, October 14, 2014
New Zealanders have a solid understanding of low risk investments such as term deposits, but are less knowledgeable about more risky options like shares, according to research commissioned by the Financial Markets Authority.
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Westpac says investors need capital gains to justify buying rental properties
Interest.co.nz, October 14, 2014
It's still worthwhile investing in residential rental properties, although if interest rates rise further the shine could come off them, according to Westpac's chief economist Dominick Stephens.
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No certainty for expat property owners until tax appeal
National Business Review, October 14, 2014
Kiwis living overseas who have retained ties to New Zealand through property are being urged to assess their situation due to unclear tax laws.
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Editorial: Voters should have been told of reform
New Zealand Herald, October 13, 2014
A carve-up of the housing portfolio in the new Cabinet has alerted the country to a radical reform the Government has in mind for state housing. If all goes to plan, the state will no longer own all, or possibly any, of the houses given to tenants at income-related rents. They will be owned and run by charities, voluntary organisations, iwi and other groups that meet standards to be set. It will be called "social housing".
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The changing face of Auckland's million dollar-plus homes
Interest.co.nz, October 13, 2014
A 1950s era, ex-State house out the back of Mt Roskill sold at auction for $1.125 million on Wednesday.
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REINZ says volumes were up but prices were flat in September, listings hard to come by
Interest.co.nz, October 13, 2014
House sales lifted with improving weather last month but prices remained largely flat, according to the Real Estate Institute of New Zealand.
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NZ accommodation figures fall flat in August
3 News, October 10, 2014
New Zealand guest nights were largely flat in August from a month earlier as a gain from domestic travellers was offset by a drop in foreign stays.
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History gives way to container shops
Stuff.co.nz, October 10, 2014
Hastings' oldest building should be coming down before Christmas and is to be replaced with a large green space surrounded by retail outlets in converted shipping containers.
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RMA reforms could be underway by end of year - PM
New Zealand Herald, October 10, 2014
Prime Minister John Key says he wants major reforms of the Resource Management Act to be underway before the end of the year, and has also hinted for the first time that the most controversial part of the reforms could be shelved.
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Internet pushes Argosy Property out of retail + video
New Zealand Herald, October 9, 2014
The $1.2 billion listed landlord Argosy Property is selling shops, partly because of the sector's volatility and the internet's toll on shopping.
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English's $500k 'illegal house' claim draws fire
New Zealand Herald, October 9, 2014
Finance Minister Bill English's suggestion that councils are increasing poverty though poor planning rules which drive housing costs higher has been labelled simplistic and deceptive by anti-poverty campaigners and town planners.
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Southerners snapping up North farms
New Zealand Herald, October 9, 2014
Farmers from southern provinces are moving to Northland to take advantage of the comparatively cheap dairy farms on offer there, according to real estate agency Bayleys.
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Wynyard Quarter wins global awards
National Business Review, October 9, 2014
A Wynyard Quarter revitalisation project has won two awards.
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Former Foodstuffs chief sets record straight
National Business Review, October 9, 2014
The former managing director of Foodstuffs Wellington says he initiated the plan to merge with the Auckland operations.
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Beef exports to Indonesia double after quota restrictions removed
National Business Review, October 9, 2014
New Zealand beef exports to Indonesia more than doubled over the past year as the trade recovers from beef import quota restrictions imposed in 2011.
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Auckland economy growing strongly
Stuff.co.nz, October 8, 2014
Service industries helped Auckland's economy to grow by 3.1 per cent in the three months to the end of June, Auckland Council figures show.
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Tribal rift threat to $3.3b project
Waikato Times, October 8, 2014
An insider says tribal differences could put a roadblock in the way of Tainui Group Holdings' multibillion-dollar Ruakura development.
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Councils blamed for home hardship
Stuff.co.nz, October 8, 2014
Finance Minister Bill English is pointing the finger at local government planning rules, saying they are a major cause of poverty and inequality because they drive up the price of houses.
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'Soft landing' for NZ economy
Stuff.co.nz, October 8, 2014
Official interest rates may stay on hold till early 2016, with signs the economy is coming off the boil, according to the latest survey of business opinion by the New Zealand Institute of Economic Research.
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Ngai Tahu profit soaring high
Stuff.co.nz, October 8, 2014
Ngai Tahu Holdings Corporation (NTHC) has more than doubled its net profit to $160.58 million, helped by property revaluation, residential section sales and seafood exports to China.
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Prime sites magnet for passers-by
New Zealand Herald, October 8, 2014
Four Auckland city retail investment properties in an area with one of the highest levels of foot traffic in New Zealand will be auctioned this month.
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Sit back and collect rent
New Zealand Herald, October 8, 2014
Three retail shops in two high-profile Auckland locations - Lincoln Rd, Henderson and in the Royal Oak Shopping Mall - are for sale as part of Bayleys' latest Total Property commercial and industrial portfolio.
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'Illegal' to build a house in Auckland for less than $500k - English
New Zealand Herald, October 8, 2014
Rising land values in Auckland caused by planning constraints have given the Government's balance sheet a $2 billion boost but made it "illegal to build a house under half a million dollars in Auckland", Finance Minister Bill English says.
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More buildings unveiled for Christchurch rebuild
National Business Review, October 8, 2014
New building developments in Christchurch were unveiled this week.
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English wary on tax take, could threaten surplus
National Business Review, October 7, 2014
Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports.
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State housing sell-off worth $5B
3 News, October 7, 2014
A big state-house sell-off is on the way, and up to $5 billion-worth of homes could be put on the block.
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Employment confidence rebounds
Stuff.co.nz, October 7, 2014
Employment confidence is at its highest level since the start of the global financial crisis in late 2008, despite fading business and consumer confidence.
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Auckland's $10 billion do-up
New Zealand Herald, October 7, 2014
Auckland is being rebuilt before our eyes, as projects worth at least $10 billion-plus rise across the city.
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Next step hard for home buyers
New Zealand Herald, October 7, 2014
First-home buyers looking to make the next step up the ladder could struggle - despite making huge gains in value on their property.
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Key signals big shift towards community-provided social housing from pure state housing in creating 'super group' of housing ministers
Interest.co.nz, October 7, 2014
With his announcement of his new cabinet on Monday, Prime Minister John Key has signalled the government's desire to accelerate the switch from state housing to social housing, potentially divesting more of the big "sticky asset" of Housing New Zealand stock to provide the capital for others to build social housing.
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A Central Otago orchard with more than 48,000 stone fruit trees is being sold by its receivers
Interest.co.nz, October 7, 2014
One of the country's largest stone fruit orchards has been put on the market after the company that owns it was put into receivership.
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QV says house values are still rising but the rate of growth has slowed
Interest.co.nz, October 7, 2014
Average residential property values increased by 1.1% across the country in the three months to September and 6.4% in the year to September, according to the QV Residential Price Movement Index.
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Silverdale offerings include apartments and distressed luge property
National Business Review, October 7, 2014
Silverdale, on Auckland's North Shore, has become the focus of real estate marketers as sellers claim to offer alternatives to higher land prices closer to the city.
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Marine businesses face eviction
Stuff.co.nz, October 6, 2014
A boating business claims it has been "shafted" as part of the Overseas Passenger Terminal's transformation into the upmarket Clyde Quay Wharf apartments.
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Green fields blossom in Silverdale
New Zealand Herald, October 6, 2014
A "greenfield" development site in the heart of Silverdale's retail and community centre north of Auckland and just south of Orewa is for sale.
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Urban intensification: Rise of the apartment
New Zealand Herald, October 6, 2014
Developers and council planners have sidelined the community over building heights for some new projects, say worried residents.
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Liam Dann: Falling kiwi to attract foreign buyers
New Zealand Herald, October 6, 2014
Get ready for an influx of bargain-hunting foreign investors, because as the dollar drops, New Zealand assets are effectively going on special.
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ASB thinks house prices will keep rising in Auckland and the Reserve Bank is still on track to hike interest rates in March.
Interest.co.nz, October 6, 2014
The Reserve Bank will be comfortable with recent trends in the housing market but is still likely to hike interest rates in March, according to ASB.
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Big industrial landholdings beyond urban limits coming on to the market
National Business Review, October 6, 2014
Earlier this year, Auckland Council principal adviser David Taylor cautioned that based on historic land take-up rates, the region would begin to run out of available vacant industrial land within the next 10 years if there was no further new land provided.
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Site works begin for $650m hospital venture
National Business Review, October 6, 2014
Schick Contracting and Cartage are beginning site preparation work for part of a $650 million revamp of Christchuch Hospital.
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How building products affect the environment
National Business Review, October 6, 2014
New Zealanders will be able to find out more about the environmental impact of various building products following the launch of a new programme that provides Environmental Product Declarations (EPDs).
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An earthquake repair story from the south
National Business Review, October 6, 2014
Earthquake repair work is under way on our 1911 villa in St Albans, courtesy of EQC.
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National's housing subsidy counterproductive — Treasury
National Business Review, October 6, 2014
National's flagship housing policy has been damned as counter-productive by the Treasury.
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High dollar punches $200m hole in Reserve Bank's finances
Stuff.co.nz, October 3, 2014
The high New Zealand dollar has boosted the real disposable income of consumers and has lowered inflation, according to Reserve Bank governor Graeme Wheeler.
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Big price rises for big houses
Stuff.co.nz, October 3, 2014
Asking prices for big homes have taken a large jump in Christchurch despite a push towards higher-density living.
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Helping hand sets up couple for better future
Stuff.co.nz, October 3, 2014
Although Lloyd Rayner had never set foot on a farm as a young boy, he knew early on farming was the life for him.
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Taranaki abattoir now in Chinese hands
Stuff.co.nz, October 3, 2014
A Chinese government-owned company has been cleared to buy Taranaki's only abattoir processing local meat for the local market.
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Buyers settling for one and two-bedroom properties
New Zealand Herald, October 3, 2014
Properties with just one or two bedrooms have had the biggest growth in asking prices over the past year, with experts saying young buyers are being priced out of the market for bigger houses.
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SkyCity slips hotel on to TVNZ land
New Zealand Herald, October 3, 2014
SkyCity is building its new hotel on land surrendered by the taxpayer for the creation of the $402 million convention centre, the Herald can reveal.
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Natural views, air, lighting boost productivity
National Business Review, October 3, 2014
The World Green Building Council claims new “overwhelming evidence” that office design significantly affects health, wellbeing and productivity of staff.
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Foodstuffs restructure unwinds defensive buys
National Business Review, October 3, 2014
Foodstuffs is selling properties in Wellington as part of its restructure of lower North Island operations.
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World dairy price plunge - down 7.3pc
New Zealand Herald, October 2, 2014
International dairy prices fell back to levels not seen since May 2012 at the overnight GlobalDairyTrade (GDT) auction, bringing with it a fresh wave of selling in an already weakened New Zealand dollar.
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A year on from their controversial introduction, the RBNZ's high LVR home loan speed limits are working
Interest.co.nz, October 2, 2014
The Reserve Bank's "speed limits" on banks' high loan-to-value ratio (LVR) residential mortgage lending kicked in one year ago.
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Rolleston shopping centre expands
National Business Review, October 2, 2014
New retail, service and health facilities have now opened at the Rolleston Square Shopping Centre in Selwyn District as another stage of the development reaches completion. The Rolleston township is predicted to grow from 9600 residents to almost 26,000 by 2028.
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'David and Goliath battle' for new ferry operator
National Business Review, October 2, 2014
The managing director of a new ferry company that will take on monopoly service Fullers on the Auckland to Waiheke route says it will be a David versus Goliath battle.
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KiwiSaver transfers increasing
New Zealand Herald, October 1, 2014
The Financial Markets Authority says it is concerned about increasing competition among KiwiSaver providers having a detrimental impact on members of the savings programme.
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Space efficiency new goal for state houses
3 News, October 1, 2014
The New Zealand state house is found in virtually every town and city. In the years after World War II, 10,000 state houses were being built.
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Grand plans for Mangere housing project
3 News, October 1, 2014
Would you buy into a development that offered not just affordable housing but a chance to help your neighbour out of poverty too?
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NZ Housing Foundation moving Kiwis in
3 News, October 1, 2014
Sadly many people these days believe it is impossible to break into Auckland's property market.
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Get your feet on the property ladder
Stuff.co.nz, October 1, 2014
Wide-eyed and innocent, they stand outside houses in the snow. Noses pressed to the icy windows, they watch families within laugh in bright, cheerful living rooms.
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South Korean free trade agreement 'close'
Stuff.co.nz, October 1, 2014
South Korea’s ambassador to New Zealand has ramped up expectation that a free trade agreement is imminent.
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Land sale approved to US fruit firm
Stuff.co.nz, October 1, 2014
The Overseas Investment Office (OIO) has retrospectively approved the sale of 35 hectares of land near Timaru to an American-controlled orchard company.
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LVR works at first-home buyers' cost
Stuff.co.nz, October 1, 2014
Experts say the Reserve Bank's controversial home loan restrictions have achieved the desired effect, but at the expense of first-home buyers.
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Mezzanine entertains high hopes
New Zealand Herald, October 1, 2014
A high-ceiling entertainment venue on the mezzanine level of General Equity House at 17 Albert St in the heart of the Auckland CBD is for sale by auction at the end of this month.
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Insurance: Is your home fully covered?
New Zealand Herald, October 1, 2014
Nearly one in three Kiwi homes could be under-insured, putting thousands of homeowners at financial risk should their single biggest asset be destroyed.
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NZ surfing the superyacht wave
New Zealand Herald, October 1, 2014
A study of the superyacht industry has found visiting vessels generated more than $40 million for New Zealand last summer - which could rocket if facilities were expanded.
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Allan Barber surveys the implications of the election result on the rural sector and finds most leaders see present policies delivering "the desired outcomes"
Interest.co.nz, October 1, 2014
Beef+Lamb NZ’s Manifesto which was issued before the Election contains a very concise summary of the red meat sector’s wish list for the next three years, although it doesn’t necessarily include the big elephant in the room of meat industry restructure.
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Markets ignore the fall in business confidence as 'election uncertainty'; eyes on next dairy auction
Interest.co.nz, October 1, 2014
The NZD has consolidated over the past 24-hours, to sit at 0.7790 this morning.
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Bendemeer success prompts Rich Lister to consider more ventures
National Business Review, October 1, 2014
Recent sales success at the Bendemeer lifestyle development in Queenstown has given NBR Rich Lister Alistair Jeffery an appetite to look at similar projects.
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Explore Group shows Auckland-Waiheke ferry route up for grabs
National Business Review, October 1, 2014
The Auckland to Waiheke ferry route is not subsidised by the taxpayer and ferry operators do not have to tender it, opening the route up for anyone that wants to have a crack.
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Australia's Quattro in talks to buy Precinct and Goodman properties
National Business Review, September 30, 2014
Quattro Asset Management, an Australian fund manager, is in negotiations to buy two Auckland industrial assets from Goodman Property Trust and two office towers in Wellington and Auckland from Precinct Properties New Zealand.
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Building consents flatline in August
National Business Review, September 30, 2014
New Zealand building consents held steady in August from a month earlier, underpinned by approvals for apartments and retirement village units.
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OIO approves all applications
National Business Review, September 30, 2014
The Overseas Investment Office has approved every application it received between January and August.
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Watercare defends development fees
New Zealand Herald, September 30, 2014
Watercare Services has hit back at a developer who accused it of charging too much for Auckland residential subdivisions.
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Banks launch escrow-based scheme to manage payment of repairs to leaky multi-unit complexes
Interest.co.nz, September 29, 2014
The banking industry has developed a new process to help homeowners in multi-unit complexes with weathertightness issues to access loans needed to pay for repairs.
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Black ‘barn’ wins national architecture award
National Business Review, September 29, 2014
An innovative black barn structure has been awarded the 2014 Supreme National ADNZ | Resene Architectural Design Award. It was designed by Waikato designer Tane Cox of Red Architecture.
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UPDATED: Fonterra to launch Equity Partners' Fund this year
National Business Review, September 29, 2014
Fonterra Co-operative Group [NZX: FCG] wants to establish an Equity Partners' Fund before the end of the year that would source capital from global investors for farmers in New Zealand and Australia.
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Reserve Bank $521m selloff to drive down dollar 'logical' – PM
National Business Review, September 29, 2014
Currency reserves data released by the Reserve Bank at 3pm today confirmed speculation it intervened in August to lower the New Zealand dollar.
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First home subsidy rorted
Stuff.co.nz, September 29, 2014
Speculators are cheating the KiwiSaver scheme that helps first-home buyers by using it to purchase rental properties.
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Hamilton's pensioner housing sale: Buyer steps forward
Stuff.co.nz, September 29, 2014
Two faith-based community groups have signalled an interest in buying the city's entire pensioner housing stock, despite concerns the move will do little to help Hamilton's most needy.
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Council 'surprise' at Hilton middleman
Stuff.co.nz, September 29, 2014
A former executive of failed lender Strategic Finance is involved in negotiations around the $100 million-plus, five-star Hilton Hotel and convention centre proposed for Wellington's Cable St.
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Westgate Pak 'n Save opening to be dry affair
New Zealand Herald, September 29, 2014
Work is finishing on the new alcohol-free 5997sq m Pak 'n Save Westgate, one of the biggest buildings to rise in the new $1 billion town centre on Auckland's northwestern edge.
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Three big sites ease industrial shortage
New Zealand Herald, September 29, 2014
A portfolio of three large greenfield sites is expected to alleviate the tight supply of industrial land for development around Auckland's urban fringes.
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Former central Tauranga bank has guaranteed income
New Zealand Herald, September 29, 2014
The former ANZ central city branch building in Tauranga is up for sale.
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Love story awaits the next chapter
New Zealand Herald, September 29, 2014
John and Joy Hall call their waterfront apartment at The Point their honeymoon home.
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Strategic spot in 'medical hub'
New Zealand Herald, September 29, 2014
A prominent and modern Takapuna office building, central to the area's "medical hub" and within a zone identified for higher density development, is featured in Bayleys' latest Total Property portfolio magazine.
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Landlords up share of house sales
New Zealand Herald, September 29, 2014
Westpac has changed its business model after discovering landlords are on the rise with their share of house sales up from 37 per cent a year ago to 42 per cent last month.
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Bank intervention a shock
New Zealand Herald, September 29, 2014
Reserve Bank governor Graeme Wheeler may as well have lobbed a hand grenade into the country's foreign exchange dealing rooms this week when he let loose with a strident and unexpected missive about the state of the dollar.
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Many new sites open up for large-scale Auckland housing developments
National Business Review, September 29, 2014
The stream of residential development opportunities becoming available on Auckland’s urban fringes is about to become a torrent – with four new substantial subdivision sites being placed on the market for sale simultaneously.
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Dollar declines as greenback advances on better growth, amid intervention talk
National Business Review, September 29, 2014
The New Zealand dollar fell to a fresh one-year low as the greenback advanced after a report showed US economic growth accelerated at the fastest rate since late 2011, amid speculation the Reserve Bank may have intervened to push down the value of the local currency.
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Finance role for Bennett — Key
National Business Review, September 29, 2014
Prime Minister-elect John Key says he will announce confidence and supply agreements with ACT and UnitedFuture this afternoon.
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RBA looks to clamp down on home loans
Stuff.co.nz, September 26, 2014
The Reserve Bank of Australia's concerns about overheating property markets are growing deeper, with the central bank declaring it is in discussions with other regulators about "further steps" to tighten bank lending standards.
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Milk down but beef and lamb farmers happy
Stuff.co.nz, September 26, 2014
While the dairy industry is feeling the pain in the wake of the slashed payout, sheep and beef farmers are smiling.
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Landlords up share of house sales
New Zealand Herald, September 26, 2014
 Westpac has changed its business model after discovering landlords are on the rise with their share of house sales up from 37 per cent a year ago to 42 per cent last month.
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Australia leads investment in NZ
Stuff.co.nz, September 25, 2014
Australia remains by far the biggest investor in New Zealand, with assets worth nearly $115 billion, outstripping investments by the next biggest players, Britain and the United States.
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Bayleys expects a surge of land suitable for housing to start coming on to the market
Interest.co.nz, September 25, 2014
Bayleys Realty is predicting that the stream of land suitable for large scale housing developments coming on to the market in Auckland is about to turn into a torrent.
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Open up valuers’ boards and up fines
National Business Review, September 25, 2014
The Property Council says lack of transparency and accountability means the valuer registration boards’ operations need overhauling.
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Fonterra forecast strips $105k income per farm
National Business Review, September 25, 2014
Fonterra's reduced forecast farm gate milk price from $6 to $5.30 per kg/MS is going to cost the average dairy farm business about $105,000 this season.
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Dollar drops after Wheeler says level 'unjustified and unsustainable'
National Business Review, September 25, 2014
The New Zealand dollar tumbled more than half a US cent after Reserve Bank governor Graeme Wheeler invoked two of the conditions for the bank to intervene in currency markets, saying its strength was "unjustified and unsustainable" given the decline in commodity prices.
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Rural spending forecast to slow 'down the track'
Stuff.co.nz, September 25, 2014
Rural services firms expect to be hit by falls in spending because of a lower milk price being paid at the farm gate.
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Big Chinese medical plan for Queenstown
New Zealand Herald, September 25, 2014
A Chinese billionaire is in advanced negotiations to fund a multimillion-dollar stem cell treatment and research centre in Queenstown.
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Shops sell for low yields at auctions but multi-tenanted buildings not favoured
National Business Review, September 25, 2014
Stand-alone strata-title shops were more popular than properties with several tenants at recent Bayleys auctions in Auckland.
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Old and young benefit from home-sharing scheme
3 News, September 24, 2014
In the UK a new scheme where housework is exchanged for bargain-basement rent is being billed as the perfect solution for people trying to get on the property ladder.
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Time's up for general store
Stuff.co.nz, September 24, 2014
In a small rural town the walls of the general store echo.
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Site of John Key's former school to be developed
Stuff.co.nz, September 24, 2014
Prime Minister John Key's former Christchurch primary school has been sold and the site is being cleared for future development.
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Hotel harks back to the jolly days
New Zealand Herald, September 24, 2014
A well-known Matawhero landmark, the Jolly Stockman Hotel, encompassing three buildings on nearly a hectare of land just outside Gisborne city, has been placed on the market for sale or for lease.
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New package to help about 90,000 lower and middle income first home buyers over the next five years, says Nick Smith
Interest.co.nz, September 24, 2014
The Government is doubling support for first home buyers to help tens of thousands more young New Zealanders into home ownership and encourage the building of more affordable new homes, Housing Minister Dr Nick Smith says.
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Town planners blow their own trumpet on processing resource consents
Interest.co.nz, September 24, 2014
Town Planners are getting a bum rap for the amount of time it takes to process resource consents, according to their professional organisation the New Zealand Planning Institute (NZPI).
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Goodman deal presages more sales for development funding
National Business Review, September 24, 2014
Goodman Property Trust's sale of a Christchurch property doesn't reflect a geographical rebalancing.
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Christchurch airport property investment takes off
National Business Review, September 24, 2014
Christchurch International Airport invested a further $28.8 million of capital expenditure in property and commercial projects during the year.
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Fonterra slashes 2015 milk payout, earnings tumble 76%
National Business Review, September 24, 2014
Fonterra Co-operative Group [NZX: FCG] cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production.
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Kirkcaldie & Stains' Harbour City Centre sale approved
Stuff.co.nz, September 23, 2014
The shareholders of Kirkcaldie & Stains have approved the $45.85 million sale of the Wellington department store's Harbour City Centre to property investor Charlie Zheng.
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Prime Auckland CBD property for sale
Stuff.co.nz, September 23, 2014
A prime piece of downtown Auckland property with links to former bankrupt developer Andrew Krukziener is on the market.
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Gen Ys giving up on buying a house and loading up on credit card debt says Veda
Interest.co.nz, September 23, 2014
Gen Ys are rapidly becoming property orphans as they give up on buying their own homes and load themselves up with debt to take holidays and fund other lifestyle purchases, according to credit analytics company Veda.
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Rich Lister among underground rail opponents: hearing tomorrow
National Business Review, September 23, 2014
A company owned by one of New Zealand's wealthiest men has thrown its weight behind other businesses in opposition to how Auckland Transport build's the supercity's underground Rail Link.
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Farmers look forward to resource law reform
Stuff.co.nz, September 23, 2014
Federated Farmers has described National's decisive election victory as a mandate for reform of the Resource Management Act, but the Greens are warning that changes will remove people's rights to have a say on environment issues.
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Two top golf clubs in merger deal
New Zealand Herald, September 23, 2014
The Grange Golf Club wants to merge with its neighbour the Royal Auckland Golf Club where Prime Minister John Key plays, in a $100 million deal which has unsettled some members but resulted in many others backing it.
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Auckland gem brought up to spec
New Zealand Herald, September 23, 2014
A seismic upgrade and refurbishment of one of Auckland's biggest industrial old buildings is nearing completion.
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Focus on RMA reforms: expert
New Zealand Herald, September 23, 2014
Shamubeel Eaqub The Government will focus on Resource Management Act and local government reform to create more land supply and housing, says Shamubeel Eaqub, NZIER principal economist.
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How to refresh a bungalow
New Zealand Herald, September 23, 2014
They came out of California, featured window seats and shingled tiles, were clad in weatherboard and Auckland has thousands of them.
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Kahurangi latest tipple to tempt
National Business Review, September 23, 2014
The buoyant vineyard market is prompting more owners to seek buyers.
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Capital gains would turn off residential investors
National Business Review, September 23, 2014
How would a capital gains tax affect the outlook of residential property investors?
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Hundreds of apartments to be built
Stuff.co.nz, September 22, 2014
Two pockets of central Auckland land are set to be swallowed up by fast-tracked housing developments.
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First in Cambridge's new subdivision
Stuff.co.nz, September 22, 2014
Cambridge's shiny new subdivision has its first residents.
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Auckland council seeks transport funding talks with new government
New Zealand Herald, September 22, 2014
Auckland Council wants to talk to the new Government about special taxes, including road charges and vehicle congestion charges, to fund its transport programme.
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Property chiefs hope for RMA, housing reform
New Zealand Herald, September 22, 2014
Property and construction bosses want Resource Management Act reform, Special Housing Areas extended, the creation of more affordable housing in Auckland and Christchurch and perhaps some form of Capital Gains Tax.
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Blue Chip liquidators' $750k claw back attempt heads to court
New Zealand Herald, September 22, 2014
The liquidators of a crumbled wing of the Blue Chip empire are trying to claw back about $750,000 from multi-millionaire Sir Bob Jones' company and the parties are due to square off in the High Court next March.
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Bank eyes new tool on mortgages
Stuff.co.nz, September 22, 2014
The Reserve Bank is pushing a new way of restricting mortgage lending.
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Reprieve on cards for city landmark
New Zealand Herald, September 22, 2014
New Zealand's first skyscraper, the Civic Building on Aotea Square, may be saved from demolition to become a heritage feature of the city skyline.
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Bob Jones joins fight over iwi's tick for works
New Zealand Herald, September 22, 2014
Property magnate Sir Bob Jones will be at a public meeting next month seeking abolition of an Auckland Council rule requiring building owners to seek iwi approval for work on their land.
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Food outlets flavour of the month
New Zealand Herald, September 22, 2014
Stand-alone retail properties have again led the market in sales at Bayleys' latest Greater Auckland auctions, held last week.
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Long-held Ponsonby Rd shops on the block
New Zealand Herald, September 22, 2014
A block of three shops at the College Hill end of Ponsonby Rd will go under the hammer next month after being in its current ownership for close to half a century.
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Nightclub site for sale after 80 years
New Zealand Herald, September 22, 2014
A property that once housed The Manhatten Lounge, one of Auckland's first nightclubs and where Hollywood star Russell Crowe is thought to have played with his boy band, Russ le Roq and the Romantics, is for sale.
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Towering vision for Auckland cityscape
New Zealand Herald, September 22, 2014
A block of Auckland CBD land with plans for the construction of what would be the city's tallest skyscraper is for sale.
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FMA fields more gripes
New Zealand Herald, September 22, 2014
Complaints to the nation's financial watchdog have increased as companies offer get-rich-quick schemes to prospective property investors.
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Net inflow hits record at 43,500
New Zealand Herald, September 22, 2014
The net inflow of migrants hit a record 43,500 in the year ended August, boosting the population by nearly 1 per cent.
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Bach owners offer daily discount - of $100
New Zealand Herald, September 22, 2014
The owners of a bach in the fishing village of Kaiaua in Franklin reckon they have the right bait for prospective buyers - dropping their price by $100 a day.
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NZ dollar rises as investors see financial stability after National win
New Zealand Herald, September 22, 2014
The New Zealand dollar advanced after the incumbent centre-right National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue.
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Fed Farmers claims a key message in National's win is that voters "have again rejected Water Taxes and a Capital Gains Tax"; want RMA reforms "for NZ to become a primary superpower"
Interest.co.nz, September 22, 2014
An unprecedented increase in support for the third-term National Party, the best electoral performance since 1899, has delivered a clear mandate for reform of the Resource Management Act says Federated Farmers.
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Change to development contributions legislation welcomed
National Business Review, September 22, 2014
Commercial and industrial property developers have long felt hard done by with development contribution legislation – often bemoaning the imposition of a “development tax” on already capital-intensive undertakings, and the limited objection process.
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Housing WOF supporters frustrated
Stuff.co.nz, September 19, 2014
Attempts to introduce a rental housing warrant of fitness will need leadership from the Government, a health advocate says.
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Chinese property developer flees to NZ
New Zealand Herald, September 19, 2014
A prominent Chinese property developer has fled to New Zealand after being caught up in an anti-corruption probe into the former deputy mayor of Guangzhou, China's fourth-largest city, according to a foreign media report.
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Fletcher Building hopes for a more extensive redevelopment of the former Three Kings quarry site and surrounding area
Interest.co.nz, September 19, 2014
Fletcher Residential has lodged two private plan change applications for the redevelopment of its Three Kings quarry site in Auckland.
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NZ home loan affordability improved in August as interest rates and mortgage payments fell
Interest.co.nz, September 19, 2014
Home loan affordability improved in August for the third consecutive month as lower interest rates and reduced mortgage payments more than offset a slight rise in house prices.
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Net migration at annual record in August on big inflow, fewer departures
National Business Review, September 19, 2014
New Zealand's annual net migration rose to a record in August, exceeding Treasury's forecasts, and spurred by more migrant arrivals and the ongoing decline of Kiwis leaving for Australia.
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Goodman to spend $33.4m on four developments, nets $16.37m on Christchurch property
National Business Review, September 19, 2014
Goodman Property Trust [NZX: GMT], which is selling assets to fund development, will spend $33.4 million on four developments and has sold the Carter Holt Harvey Packaging Facility in Christchurch for $16.37 million to an undisclosed buyer.
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Youngster proud of family's links with the land
Stuff.co.nz, September 19, 2014
Nine-year-old Savannah Clement is proud of her family's century-old ownership of their farm near Opunake.
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Waterfront revamp at west's expense?
Stuff.co.nz, September 19, 2014
A proposal to revamp Auckland's waterfront has left many residents, councillors and business owners in the west feeling neglected as millions of dollars could be deferred from projects.
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The election is unlikely to turn the housing market's spring surge into a king tide
Interest.co.nz, September 19, 2014
This weekend's election is being blamed, at least in part, for the rather sluggish state of the country's residential property market.
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Christchurch capitalises new housing entity
National Business Review, September 19, 2014
Christchurch City Council is placing its social housing portfolio in a new non-profit entity.
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Services and investment boom drive GDP higher
National Business Review, September 18, 2014
The New Zealand economy has come off recent quarterly highs but is still growing faster than most economists expected.
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NZ dollar plunges to 7-month low
New Zealand Herald, September 18, 2014
The New Zealand dollar dropped to a seven-month low after the Federal Reserve raised its expectation for the level of interest rates by the end of next year, boosting the lure of the greenback.
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Slow fix for Sydney housing
New Zealand Herald, September 18, 2014
The lack of available housing in Sydney will take up to five years to correct, according to one of Australia's largest property developers.
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Tenants can expect rent hikes of 5%
New Zealand Herald, September 18, 2014
Landlords are warning tenants to expect rent increases of 4-5 per cent as rising interest rates start to bite.
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Big drop in exports hits trade balance
New Zealand Herald, September 18, 2014
The gap between what New Zealand earns from the rest of the world through trade and investment and what it pays widened in the June quarter as falling dairy exports started to weigh on the trade balance.
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Waiheke marina proponent prepares case
National Business Review, September 18, 2014
Waiheke Island's proposed marina developer will set out his case to the Environment Court on October 6.
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Quake council looks at town hall repair and street layout
National Business Review, September 17, 2014
Christchurch City Council is seeking expressions of interest from contractors interested in tendering for the town hall conservation project.
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Peters, voters want foreign buyers register
3 News, September 17, 2014
Winston Peters has a new bottom line – he won't support a Government unless it starts a register of foreign buyers.
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Flock Hill farm sold to US company
Stuff.co.nz, September 17, 2014
A last-ditch bid to prevent an American company gaining full control of a prominent Canterbury high country station has been rejected by the Overseas Investment Office (OIO).
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Dairy price slide on hold
Stuff.co.nz, September 17, 2014
Prices were flat at the GlobalDairyTrade auction overnight, ahead of Fonterra's payout update next week where it is tipped to cut the forecast milk price it pays farmers.
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Britomart on the doorstep
New Zealand Herald, September 17, 2014
A refurbished and versatile office floor that would suit a wide range of users has been put up for sale in Auckland CBD.
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Big jump in house sales tipped once vote is over
New Zealand Herald, September 17, 2014
House sellers and estate agents will breathe a sigh of relief after Saturday's election, which is expected to end a property market lull caused by hesitant buyers sitting back to see how the politics play out.
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Dairy product prices rise from 2-year low
New Zealand Herald, September 17, 2014
Dairy product prices rose in the latest GlobalDairyTrade auction, inching higher from the lowest level since July 2012, as declines in butter milk powder and cheddar were offset by gains in rennet casein and skim milk powder.
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Experts lower forecast for economic growth: survey
New Zealand Herald, September 16, 2014
Economists have cut their forecasts of economic growth in the current year, the latest quarterly survey conducted by the New Zealand Institute of Economic Research has found.
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Victoria Park ownership shrouded in mystery
National Business Review, September 16, 2014
Victoria Park Market in Auckland may be on the way back after refurbishment of the area.
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$3.3 billion Inland Port faces final hurdle
Stuff.co.nz, September 16, 2014
Hamilton's planned $3.3 billion transport hub has jumped its biggest regulatory hurdle and now faces only resource consenting before it becomes a reality.
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Official not sold on house designs
New Zealand Herald, September 16, 2014
Auckland councillor Chris Darby says architecture at the 282-residence 16ha Waimahia Inlet special housing area left him cold and a lack of downstairs toilets was putting buyers off.
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Demand for small, cheap homes rising
New Zealand Herald, September 16, 2014
The market for small low-cost houses by commercial group builders is gathering pace, as cash-strapped Aucklanders squeeze in and up.
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Council's $157m spend on new building 'pure madness'
New Zealand Herald, September 16, 2014
A councillor has called it "pure madness" to spend $157.4 million on the council's new central Auckland premises.
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Rents lag property values in Auckland, but in Wellington and Christchurch the reverse was true
Interest.co.nz, September 16, 2014
Auckland property values rose more than three times as quickly as rents in the year to July, while in Wellington and Christchurch the reverse was true, with rent increases outpacing property values, according to the Ministry of Business, Innovation and Employment's (MBIE) Housing and Construction Quarterly report.
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Mana hoping to build 10,000 state houses
3 News, September 15, 2014
Mana wants to build 10,000 state houses each year until there is no longer a housing crisis and to help first home-buying Maori with a no-deposit scheme.
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Policy summary: Housing
3 News, September 15, 2014
A summary of each party's housing policy for the 2014 General Election.
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Darby clinches Te Arai with reserve gift
National Business Review, September 15, 2014
Developer John Darby has clinched his controversial Te Arai subdivision with a deal gifting 196ha coastal reserve.
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Housing rhetoric disguises government tightrope
National Business Review, September 15, 2014
Last week Housing Minister Nick Smith announced 17 more special housing areas for Auckland.
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Lovers' lodge ideal set-up for couple
New Zealand Herald, September 15, 2014
A Napier lodge with a reputation for being a launching site for Cupid's arrow and suited to a couple or family looking for a new lifestyle in Hawkes Bay is on the market.
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A new era for an old favourite
New Zealand Herald, September 15, 2014
Seventy stalls are available for lease in Auckland's Victoria Park Market, which has undergone a three-year refurbishment programme to return the historic complex to its retailing roots as a centre for local artisans and Bohemian-style stallholders.
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Precious park gifted to Super City
New Zealand Herald, September 15, 2014
Aucklanders have been gifted a new $5 million-plus conservation reserve the size of Cornwall Park, spanning a 10km beachfront at Te Arai near Mangawhai.
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Revealed: The new Ponsonby
New Zealand Herald, September 15, 2014
House prices in some Auckland suburbs are twice what they were just three years ago as the city experiences a second wave of booming property values. Others are enjoying increases as high as 40 per cent in just two years.
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House hunters risk financial ruin
New Zealand Herald, September 15, 2014
House hunters desperate to secure their dream home are risking financial disaster by signing unconditional purchase agreements before their current property has sold.
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Waimahia Inlet spells new homes hope
New Zealand Herald, September 15, 2014
On September 19, the first buyers of a new mass-scale affordable special housing area at South Auckland's Waimahia Inlet, on the edge of the Manukau Harbour, are due to move in.
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Bell Tea industrial properties attract strong interest
National Business Review, September 15, 2014
A portfolio of four Bell Tea industrial properties, which included three properties in Auckland and one in Dunedin, has sold for a total value of $18.65 million.
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Historic church hall goes on the market
National Business Review, September 15, 2014
One of Temuka’s landmark buildings – the century-old former Presbyterian church hall – has been placed on the market for sale following its conversion into a café and three separate residential dwellings.
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Kiwis should not fear China - adviser
Stuff.co.nz, September 12, 2014
Kiwis should not fear the sale of assets like Lochinvar Station to Asian investors, says a New Zealand private equity adviser living in China.
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Bell Tea's head office building sells for $10.8 million achieving a 5.8% yield
Interest.co.nz, September 12, 2014
Bayleys Real Estate has sold a portfolio of four industrial buildings in Auckland and Dunedin that belonged to the Bell Tea and Coffee Company at yields ranging from 5.8% to 7.2%.
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Len Brown, Nick Smith unveil 17 new special housing areas with potential for 8,000 new homes in Auckland
Interest.co.nz, September 12, 2014
Seventeen new special housing areas for Auckland have been announced by Auckland Mayor Len Brown and Housing Minister Nick Smith.
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House sales fall in August on subdued listings, looming election
National Business Review, September 12, 2014
New Zealand house sales fell in August as a lack of listings compounded the chilling effects of rising interest rates and mortgage loan restrictions, and as the upcoming general election adds another uncertainty for buyers.
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Downtown revamp to cost $500m
New Zealand Herald, September 12, 2014
Auckland will get something special for the downtown area from the sale of Queen Elizabeth Square by Auckland Council, says Precinct Properties chief executive Scott Pritchard.
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Ground rent prepay deal
New Zealand Herald, September 12, 2014
Buyers of hundreds of new Auckland waterfront apartments will escape the leasehold ground rent trap.
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Is a Reserve Bank inflation rethink in order?
New Zealand Herald, September 12, 2014
What should an inflation-targeting central bank do when inflation is proving unexpectedly slow to make an appearance?
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Apartments sell at gross yields above 7% while houses in investor friendly Ranui and sections on the Coromandel go begging
Interest.co.nz, September 12, 2014
Rented CBD apartments sold at auction this week achieved yields above 7%, while a fully furnished one bedroom apartment in the up market Metropolis building sold at a $23,000 discount to its asking price, but still achieved a healthy premium above its previous purchase price for its vendor.
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Auckland's downtown facelift approved
Stuff.co.nz, September 11, 2014
Auckland's long and drawn-out search to have a downtown heart may finally be over.
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Bernard Hickey looks at what the RBNZ's decision to pause its OCR hikes means for mortgage rates and house prices
Interest.co.nz, September 11, 2014
The Reserve Bank of New Zealand held the Official Cash Rate (OCR) at 3.5% as expected on Thursday and indicated it would remain on hold, possibly until well in next year, because the housing market has slowed and inflation remains subdued.
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RBNZ says net migration may not boost house price inflation and economy as much as previously thought; more short term workers and fewer departures are factors
Interest.co.nz, September 11, 2014
The Reserve Bank has softened its view on whether recent strong net migration could significantly boost house price inflation and increase pressure on interest rates.
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Special role of trustees in sum-insured policies
National Business Review, September 11, 2014
The Royal Institution of Chartered Surveyors is renewing calls for homeowners to update their sum-insured policies.
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Transport infrastructure upgrades yet to influence mall upgrade
National Business Review, September 11, 2014
DNZ Property Fund remains adamant it won't proceed with upgrades to the Johnsonville Shopping Centre until the "timing is right for the project".
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Top dollar paid for the right properties at Bayleys commercial auction but others fail to sell
Interest.co.nz, September 11, 2014
It was standing room only at Bayleys latest commercial property auction as the crowd of hopeful investors at their Viaduct Harbour offices overflowed into the foyer.
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Nearly two-thirds of Canterbury dairy farms compliant
National Business Review, September 11, 2014
Canterbury's overall dairy farm consent compliance results for 2013-14 show no improvement on the previous year but there were no cases significant enough to warrant prosecutions.
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RBNZ: Wheeler crouches, pauses – and jawbones
National Business Review, September 11, 2014
The Reserve Bank today held the official cash rate at 3.5% and released a set of forecasts that point to no interest rate hikes until the end of the year - or, more probably, later.
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Auckland Council unveils plan for downtown
National Business Review, September 10, 2014
Auckland Council's city centre integration team has today unveiled a framework for the city's waterfront.
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High house prices 'a choice', English
Stuff.co.nz, September 10, 2014
New Zealand's high housing prices are "a choice", with building affordable housing in Auckland "basically illegal" under current settings, National finance spokesman Bill English says.
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Clean up the rentals: Maori party
Stuff.co.nz, September 10, 2014
All rental properties would be required to have a warrant of fitness within three years under the Maori Party's housing policy.
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On track for good times
New Zealand Herald, September 10, 2014
The Ohinemuri Winery & Restaurant on State Highway 2 above the Karangahake Gorge between Waihi and Paeroa is on the market after two decades successful operation as a licensed dining establishment and function venue.
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Productivity Commission to look at housing land supply
National Business Review, September 10, 2014
The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth.
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Mega mall, doctor's clinic, Swiss bank accounts and Soul bar at stake in marital court carveup
National Business Review, September 10, 2014
A battle over millions of dollars in assets including a bulk retail mall, doctor's clinic, Swiss bank accounts and property housing the popular Soul bar is taking place at the High Court in Auckland this morning.
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Developers will be required to hold subbies' retention payments in trust under changes to the Construction Contracts Act
Interest.co.nz, September 9, 2014
The Government is to increase protection for subcontractors (subbies) on building projects by requiring developers or lead contractors to hold their retention money in trust.
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Developers, lawyers, public vie for attention over plan submissions
National Business Review, September 9, 2014
District plan hearings are under way in main centres around the country offering opportunity and challenges for submitters and lawyers.
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Homeowners are ill prepared for the future
Stuff.co.nz, September 9, 2014
By not researching new builds or renovations, and not aiming to go above and beyond the Building Code, New Zealanders are failing themselves when it comes to future-proofing their homes, advises a leading industry expert Richard Gough.
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First home-buyers still active in the Super City
New Zealand Herald, September 9, 2014
The Auckland housing market has cooled somewhat and residential property sales are down around 20 per cent on this time last year.
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Revealed: The suburbs with best rental returns
New Zealand Herald, September 9, 2014
Outer suburbs of Auckland offer higher returns to landlords than the more expensive central city suburbs such as Ponsonby and Mt Eden.
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Size does matter in housing trends
New Zealand Herald, September 9, 2014
The housing market is a fickle beast, prone to booms and busts that, at their extremes, can have remarkably little to do with how many people are actually looking for a place to live.
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British TV star urges new quake city layout
New Zealand Herald, September 9, 2014
British designer, writer and television personality Kevin McCloud doesn't want Christchurch CBD to be rebuilt along the same traditional lines and has advocated the city's grid-type layout be broken down.
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KiwiSaver: Regular payments needed for subsidy
New Zealand Herald, September 9, 2014
Clarifying the rules around "regular" contributions toward KiwiSaver and the impact this has on the deposit subsidy.
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SkyCity rejects foundation claim of a Federal St 'web'
New Zealand Herald, September 9, 2014
Outdoor restaurant expansions on to the newly upgraded one-way Federal St will improve Auckland and are not an attempt to draw people nearer the casino, says Nigel Morrison, SkyCity Entertainment Group chief executive.
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Upside to QE Square sale, says new report 
New Zealand Herald, September 9, 2014
Auckland Council could use money from Queen Elizabeth Square's sale to upgrade the area in front of the Britomart transport terminal and around the waterfront.
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Kirkcaldie to net $21.65m from Harbour City Centre sale
National Business Review, September 9, 2014
Kirkcaldie & Stains [NZX: KRK], the upmarket Wellington department store, will net $21.65 million from the sale of its Harbour City Centre on the city's premier Lambton Quay location.
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Property development company goes into voluntary liquidation
New Zealand Herald, September 8, 2014
A property development company has gone into voluntary liquidation owing almost $2 million.
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Will teeny homes fix Auckland's shortages?
New Zealand Herald, September 8, 2014
Apartments as small as a double garage are being promoted as the answer to Auckland's housing affordability problems.
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Interactive: What your home is worth now
New Zealand Herald, September 8, 2014
Compare the fortunes of your suburb against the rest of the country, and see how much they've changed since 2007 in our special interactive. Brought to you in partnership with QV.co.nz and CoreLogic.
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Frantic Auckland buyers rushing in to snap up homes
New Zealand Herald, September 8, 2014
Some Auckland house hunters under pressure to find the right property are making snap purchase decisions after viewing their new home for less than 30 minutes.
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Lower end remains strong despite LVR speed limits
New Zealand Herald, September 8, 2014
We are now nearly a year on from when the Reserve Bank signalled Loan to Value (LVR) limits and interest rate rises to cool down the property market. The changes we have witnessed since are not necessarily what has been widely reported.
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Why renting's good for Aucklanders - for now
New Zealand Herald, September 8, 2014
The yawning gap between Auckland property values and rents looks set to widen as landlords struggle to boost their rents in the wake of interest rate increases.
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Reserve Bank steers tricky course
New Zealand Herald, September 8, 2014
"Interest rates will be lower for longer but eventually higher" is the tricky message the Reserve Bank will seek to convey when it delivers its monetary policy statement on Thursday, Bank of New Zealand economist Stephen Toplis says.
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Six out of seven units in a new commercial development in Hamilton sell at Bayleys auction
Interest.co.nz, September 8, 2014
Six retail and office units in a new commercial development at Rototuna in Hamilton achieved yields of 6.3% to 7.4% when auctioned by Bayleys Real Estate yesterday.
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Industrial picked as quiet achiever in real estate investment sector
National Business Review, September 8, 2014
Industrial property has been identified as the steadiest performer in the real estate market by a new report.
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Scrap restrictions on foreign buyers — ACT
National Business Review, September 8, 2014
ACT leader Jamie Whyte has used his party's campaign launch to call for the Overseas Investment Office and the Resource Management Act to be abolished.
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South Korea may stick to dairy tariffs
Stuff.co.nz, September 5, 2014
A free trade deal with South Korea is inching closer, with Prime Minister John Key personally intervening to help progress negotiations.
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New Zealand set for tourist boom
Stuff.co.nz, September 5, 2014
The number of tourists visiting New Zealand is likely to rise strongly until at least 2020, the Ministry of Business, Innovation and Employment has forecast.
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Auckland's subdivisions - A look at five special housing areas
New Zealand Herald, September 5, 2014
Property is a hot topic at the moment, especially in Auckland.
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Safari Group to develop new Ramada hotels in Queenstown, Rotorua and Christchurch
Interest.co.nz, September 5, 2014
Three new Ramada hotels will be opened in this country by Auckland-based developers Safari Group.
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Six out of seven units in a new commercial development in Hamilton sell at Bayleys auction
Interest.co.nz, September 5, 2014
Six retail and office units in a new commercial development at Rototuna in Hamilton achieved yields of 6.3% to 7.4% when auctioned by Bayleys Real Estate yesterday.
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Organic operation land on the block
National Business Review, September 5, 2014
A sizeable landholding, which is part of one of New Zealand's oldest organic farming operations, is to be auctioned this Friday.
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Rural properties feature in latest overseas sales
National Business Review, September 5, 2014
Rural property sales were the biggest feature of the Overseas Investment Office decisions last month.
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DNZ Property targets minimum 2.5% annual dividend growth
National Business Review, September 5, 2014
DNZ Property Fund [NZX: DNZ], the country's sixth-biggest listed property investor by market value, wants to lift its dividends by at least 2.5 percent a year after the board evaluated the current market and make-up of the firm's property portfolio.
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Canterbury rebuild will sustain the nation for several years
National Business Review, September 4, 2014
Canterbury’s post-quake rebuild will sustain the nation for several years yet.
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Romano confirms dairy intentions for Lochinver
National Business Review, September 4, 2014
Shanghai Pengxin plans to convert one "small part" of Lochinver station into a dairy farm but will not be drawn on how large any such farm may be.
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Couple thankful for rent-to-own scheme
Stuff.co.nz, September 4, 2014
It's less than a year since Auckland's first Special Housing Area was announced in Weymouth and a young family is ready to move in.
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Mortgage mistakes you should avoid
Stuff.co.nz, September 4, 2014
The mortgage market is now a great place for consumers. Even though house prices are high, there are plenty of hot deals and relatively low interest rates on offer.
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Allan Barber investigates why stock prices differ so much between the Islands, looking to see whether the variances will ease soon
Interest.co.nz, September 4, 2014
Every year when livestock numbers pass their peak in the North Island, there is a constant stream of trucks carting stock across the Cook Strait to plants for slaughter.
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Building work activity edges up in June quarter, house-building flat
National Business Review, September 4, 2014
New Zealand building work edged up in the second quarter as increased activity in non-residential construction offset flat activity in housing.
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Property values rise at slowest annual pace in 14 months
National Business Review, September 4, 2014
New Zealand property values rose at the slowest annual pace in 14 months in August as restrictions on low-equity home loans, rising interest rates and uncertainty around this month's general election weighed on the housing market.
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IPD explains latest commercial property returns
National Business Review, September 4, 2014
Commercial property performance remains strong, according to the latest Property Council/IPD New Zealand Quarterly Property Index for the year ending June 2014.
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Marsden Holdings takes hit on property values
National Business Review, September 4, 2014
Marsden Maritime Holdings took a $5.9 million hit on the values of its land holdings.
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Farming leader slams meat sector’s season outlook
National Business Review, September 4, 2014
The Meat Industry Excellence (MIE) group is calling for farmers not to be duped by what it calls"advertorials posing as news stories" intended to mislead farmers as to the true state of the meat sector.
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Eight South Island pubs put on the market
Stuff.co.nz, September 3, 2014
One of the South Island's biggest hospitality and gambling groups has put its entire portfolio of eight bars and restaurants up for sale.
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Increasing payments cuts years off couple's mortgage
New Zealand Herald, September 3, 2014
David Hamilton and his fiancee Lyna Pen are in their 20s but hope to be mortgage-free within 10 years.
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Nick Smith pilloried at housing forum
New Zealand Herald, September 3, 2014
Housing Minister Nick Smith was shouted down when he fronted up at an election forum on Auckland's housing crisis last night and claimed that foreign buyers had no significant impact on house prices.
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Prices for NZ’s exports at a 17-month low, NZD down -0.7% with BNZ expecting dips toward 82.8 USc
Interest.co.nz, September 3, 2014
The NZD slid along with most major currencies as the USD rallied broadly overnight, but took an additional hit from yet another poor dairy auction.
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Kirkcaldie sees narrower loss on retail, may need impairment charges
National Business Review, September 3, 2014
Kirkcaldie & Stains [NZX: KRK], the upmarket Wellington department store, says it made a narrower loss in the latest financial year, and its board may have to write down the value of assets.
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More empty Hawke’s Bay shops – Logan Stone
National Business Review, September 3, 2014
Occupancy levels within the Hawke's Bay regions four main retail precincts are the lowest in 10 years.
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Westfield sale rumours surface again
National Business Review, September 3, 2014
Talks are under way to sell Westfield assets in New Zealand, according to The Australian.
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Act throws Landcorp sale into coalition negotiations
National Business Review, September 3, 2014
The sale of state-owned farming enterprise Landcorp will be taken into post-election negotiations with National should ACT be part of the next government.
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Factory expansion sinks in Europe and China, does better in Greece, Spain; Aussie housing boom near record while factories wither; CBA to float NZ office properties
Interest.co.nz, September 2, 2014
Summary of the key news overnight, including news of withering factories but soaring property prices.
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Is a transportable home unit in Kaikoura a building? The local council says it is, the government says it isn't
Interest.co.nz, September 2, 2014
A transportable building with a bedroom, bathroom and kitchen that was connected to electricity, water and sewerage services was not a building at all, according to a determination involving two government agencies and a district council.
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Auckland Unitary Plan panel starts initial deliberations
Stuff.co.nz, September 2, 2014
An independent hearings panel has its work cut out for it as it kicks off the process of considering the views of more than 13,000 submitters in the first stage of deliberations on Auckland Council's Proposed Auckland Unitary Plan.
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Fletcher among those vying for Grange land
New Zealand Herald, September 2, 2014
Fletcher Building is one of three businesses trying to buy 2.5ha of Papatoetoe's The Grange Golf Club for an intensive housing project.
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Investors eye possible Westfield float
New Zealand Herald, September 2, 2014
Institutional investors are speculating about a $1 billion float of a half stake in Westfield's New Zealand shopping mall assets.
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Ponsonby hole build begins
New Zealand Herald, September 2, 2014
Construction work has started on what was Auckland's biggest construction hole - the controversial Soho in the heart of Ponsonby, renamed by locals Sohole when it was a gaping chasm.
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SkyCity has plans to expand in Federal St
New Zealand Herald, September 2, 2014
SkyCity Entertainment Group is planning extensive outdoor dining on Federal St, pushing out from around Depot and The Federal Deli to in front of The Grill and Masu.
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Fonterra unfazed by credit rating cut
New Zealand Herald, September 2, 2014
Fonterra chief financial officer Lukas Paravicini said the cooperative continued to enjoy a solid balance sheet position, despite a credit rating downgrade by Standard and Poor's (S&P) on Friday.
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Professor Ang shows how China's urbanisation process is creating an easier path for New Zealand companies to focus their marketing energies, avoiding being swallowed up in the mega-cities
Interest.co.nz, September 2, 2014
China’s ongoing urbanisation movement may seem like an intra-country reform that helps address some of China’s policy makers’ concerns about the country’s development.
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Treasury reviews the August economic indicators; expects dairy prices to recover, labour markets to tighten, and stabilisation in the housing markets
Interest.co.nz, September 2, 2014
Data releases over August pointed to robust demand in the household sector in the June quarter, in line with an expected bounce-back in consumer spending.
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Prisoners rebuilding lives as well as houses
3 News, September 1, 2014
Around 60 prisoners in Canterbury are helping repair red-zoned homes, and learning vital skills along the way.
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Symmetry reigns supreme
New Zealand Herald, September 1, 2014
Good design deserves a good home. What is more exciting is when a pair of architects find a good design and collaborate to make it even better.
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Rise of the 30-year home loans
New Zealand Herald, September 1, 2014
Thousands of Kiwis desperate to get on the property ladder are signing up to 30-year mortgages - but many are saddling themselves with a lifetime of debt.
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Dream penthouse sells for a bargain price
New Zealand Herald, September 1, 2014
A sprawling luxury penthouse on Auckland's waterfront once touted as the country's biggest and most expensive apartment with an asking price of $10 million has been sold for just $900,000.
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Sales revenue for the construction industry grew at nearly six times the rate of all other sectors in the 2013 financial year
Interest.co.nz, September 1, 2014
Sales revenue in the construction industry grew at six times the overall rate for New Zealand businesses in the 2013 financial year, according to Statistics NZ's Annual Enterprise Survey.
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Building consents rise in July, as Canterbury consents slow and Auckland picks up
National Business Review, September 1, 2014
New Zealand building consents rose at a modest 0.1 percent pace in July, slower than the 3.5 percent pace in June, reflecting a drop in the number of consents issued in Canterbury and a pick up in Auckland.
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Commercial property seen as the ‘bow wave’ indicator for regional NZ
National Business Review, September 1, 2014
Planning for the construction of high-value commercial and industrial property projects is underpinning much of regional New Zealand’s commercial real estate market, according to latest research by ANZ.
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Australia seeks more Chinese investment to spur growth
National Business Review, September 1, 2014
Rather than hose down fears of rising Chinese investment in Australia, the federal treasurer, Joe Hockey, has issued a fresh invitation.
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Yealands buys Clifford Bay
National Business Review, August 28, 2014
Marlborough wine grower Peter Yealands has purchased land at Clifford Bay owned by KiwiRail.
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Historic suburb readies itself for quake
Stuff.co.nz, August 28, 2014
Earthquake strengthening work threatens to disrupt the lives of businesspeople in the country's oldest suburb for a year.
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Landlords complain about bank loan tactics
New Zealand Herald, August 28, 2014
Landlords are complaining about banks calling in loans from one property when another is sold.
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Len Brown details Super City's 10 year budget
New Zealand Herald, August 28, 2014
Auckland Mayor Len Brown has released the first draft of a new 10-year budget that includes $2.8 billion of cuts to capital projects.
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$5m for unbuilt penthouse
New Zealand Herald, August 28, 2014
A luxury penthouse in a central Auckland apartment complex has sold off the plans for more than $5 million less than a week after agents began marketing the yet-to-be-built project.
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Wellington, Wairarapa’s supreme homes revealed
National Business Review, August 28, 2014
Homebuyers have been given a compelling argument to choose a new build over major renovations, with the latest Registered Master Builder House of the Year results, according to one expert.
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Soaring property market will hit zenith
Stuff.co.nz, August 27, 2014
If investing were a recipe, property would be lasagne. It's the dish everyone thinks they know how to make and its basic ingredients are standard, with numerous small variations.
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Capital gains tax: Exempting the family home
Stuff.co.nz, August 27, 2014
Tax the family home at your peril - especially in a society such as New Zealand where home ownership is highly valued.
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Akarua expands in Central Otago
Stuff.co.nz, August 27, 2014
A Central Otago winery has snapped up two established vineyards to meet demand for wine from a premier wine-producing sub-region.
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Greens propose to fund WOF tests for all rental homes
New Zealand Herald, August 27, 2014
The Greens have gone "one up" on their potential Labour coalition partner with a proposal to require and fund a full warrant of fitness test for all of the country's 453,000 rental houses.
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Election 2014: Labour promises 100,000 more affordable homes
New Zealand Herald, August 27, 2014
Labour would be able to offer first home buyers two-bedroom properties in Auckland for as little as $360,000 if elected, party leader David Cunliffe announced today.
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Banking Ombudsman warns investors to check with their bank before selling properties to release capital
Interest.co.nz, August 27, 2014
The Banking Ombudsman has warned owners of multiple properties to check with their bank before selling any of them to release capital.
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Queenstown’s The Landing gets under way
National Business Review, August 27, 2014
Work is underway at Queenstown's The Landing development at Remarkables Park Shopping Centre near the airport.
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$555m Fonterra investment for Waikato and Southland
National Business Review, August 27, 2014
Fonterra [NZX: FCG] is investing $555 million to establish a high-efficiency milk powder drier in the North Island as well as significant upscaling of its South Island milk processing capacity.
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Fonterra announces ‘game changer’ Chinese partnership
National Business Review, August 27, 2014
Fonterra [NZX: FCG] is partnering with Chinese infant food manufacturer Beingmate to help meet China’s growing demand for infant formula.
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Farm workers' wage model 'unsustainable'
Stuff.co.nz, August 27, 2014
Union leader Helen Kelly has told Waikato farmers that a new wage-setting model was needed for farm workers after she labelled the current model as "unsustainable".
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Tourism industry a boon to Waikato
Stuff.co.nz, August 27, 2014
New statistics released have highlighted the value of tourism to the region, with 12.7 per cent of jobs in the Waipa district being in the tourism sector.
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Auckland Airport's land bank value soars to $2.6b
New Zealand Herald, August 27, 2014
Auckland International Airport's vast Mangere land bank rose in value by $734 million between June 2011 and June 2014.
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HomeStart welcomed by builder
New Zealand Herald, August 27, 2014
The country's busiest house builder, which expects to put up a third more homes this year and could complete more than 1000, has welcomed the Government's KiwiSaver boost announced on Sunday.
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Bombay subdivision bucks size trend
New Zealand Herald, August 27, 2014
Auckland's quarter-acre dream is far from over - huge sections of more than half an acre are being sold from $350,000 within the city boundaries.
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NZ land on the block: Are the politicians listening?
New Zealand Herald, August 27, 2014
As the National and previous Labour Governments have often reminded New Zealanders, their country's economic future lies increasingly with Asia.
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Rents in some parts of Christchurch have risen more than 60% over five years, leaving Auckland rents in their dust
Interest.co.nz, August 27, 2014
Housing rents in Christchurch have risen faster than anywhere else in the country over the last five years, even leaving Auckland rents in their wake.
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NZIER says the economic recovery is past its peak and higher interest rates won't be needed until 2016
Interest.co.nz, August 27, 2014
New Zealand's economic recovery has passed its peak and the Reserve Bank should delay any further interest rate hikes until 2016, according to the NZ Institute of Economic Research.
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Millbrook confident of OIO approval
National Business Review, August 27, 2014
Millbrook Resort near Queenstown is so confident of Overseas Investment Office approval it has already announced an expansion.
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Landcorp doubles profit
Stuff.co.nz, August 26, 2014
State-owned farmer Landcorp has doubled its net profit to $30 million for the year ended June 30, 2014, up $13m from the previous year.
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Offices lead commercial property returns
Stuff.co.nz, August 26, 2014
The tightening labour market has helped commercial property deliver an average return of 11.1 per cent in the year ending in June 30, according to the latest figures from the Property Council.
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Metlifecare tipped as value buying
Interest.co.nz, August 26, 2014
Listed retirement giant Metlifecare is tipped to be trading cheaply, well below its peers even after a good financial result out yesterday.
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Andrew Whiteford outlines the problems with official population projections in New Zealand and how they miss the changing economic fortunes of our regions
Interest.co.nz, August 26, 2014
Anticipating future population growth is crucial for local councils to adequately plan for the provision of services and to anticipate the future rates base.
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Nats' housing policy ignores unaffordability - economist
3 News, August 26, 2014
Economists are sceptical National's new housing policy will do anything to help first-home buyers, because it will increase demand whilst hardly impacting supply.
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Inside Money: National messes KiwiSaver house rules
New Zealand Herald, August 26, 2014
National's proposal tilts the game even further in favour of property, doubling the subsidy for first new home-buyers (while keeping it unchanged for first home-buyers of old property) and allowing eligible KiwiSavers to clean out their accounts by withdrawing all government co-payments - $1,000 kickstart and annual member tax credits.
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Tiny buy strikes bank snag
New Zealand Herald, August 26, 2014
A buyer keen on Hobsonville Pt's smallest of three new prototype houses couldn't close the purchase, partly because of financial barriers and the tiny size of the house.
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Anders Crofoot says the current politics, cultish popularity and the nasty undercurrent today may have turned him away from investing and settling here
Interest.co.nz, August 26, 2014
When it comes to the foreign ownership of farmland my family has a unique perspective.
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Khimich-associated property sold by mortgagee
National Business Review, August 26, 2014
A 1.78ha block of waterfront land at Waiwera associated with Russian billionaire Mikhail Khimich has been sold in a mortgagee tender.
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National's plan will 'stabilise house prices'
Stuff.co.nz, August 25, 2014
National's housing promise to first-home buyers will stabilise property prices by creating more housing, John Key says.
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Metlifecare lifts profit 18pc to $68.8m
New Zealand Herald, August 25, 2014
Listed retirement giant Metlifecare pushed up annual net profit after tax 18 per cent to $68.8 million after removing non-recurring items.
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National would double first home buyer subisidies; Labour says it would just pump up prices; Internet Mana loses its temper; Labour sets climate, transport policies
Interest.co.nz, August 25, 2014
With 26 days to go until the September 20 election, here's my daily round-up of political news on Monday August 21, including a debate over National's plan to double first home buyer subsidies and Labour's announcement it has trimmed NZ$300 million from its spending plans and dropped six un-announced policies to account for the Treasury's slight lowering of its budget surplus forecasts in the Pre-Election Fiscal Update.
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Weymouth 'affordable' project well under way
National Business Review, August 25, 2014
Prime Minister John Key visited an "affordable" housing project at Weymouth, Auckland on Monday to highlight his party's housing policy.
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Investors getting jitters about possible change of government – economists
National Business Review, August 25, 2014
Offshore investors are starting to look askance at the risk of a change of government in 26 days' time.
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Fletcher boss has impressive pedigree
New Zealand Herald, August 25, 2014
A Melbourne engineer with some of London's biggest commercial and residential building projects under his belt is Fletcher Building's new housing boss, charged with ramping up annual residential building output five-fold.
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Big auction of Greater Auckland properties
New Zealand Herald, August 25, 2014
A multi-tenanted property in Archers Rd in Wairau Valley earning $235,208 a year in net rental income is among several retail investment properties up for auction next month.
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Potential packed to the rafters
New Zealand Herald, August 25, 2014
A big 1.43ha Onehunga site with future development potential and encompassing a variety of industrial buildings, and a standalone Mt Wellington property are two of a number of vacant industrial properties for sale in Bayleys' latest Greater Auckland portfolio.
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Seven-in-one retail block adds up to top investment opportunity
New Zealand Herald, August 25, 2014
A near-new Browns Bay building with six ground-floor retail outlets and a childcare centre on the first floor is for sale, offering an opportunity for a new owner to add value by leasing two vacant tenancies or self-occupy.
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Fletcher in $40m HQ makeover
New Zealand Herald, August 25, 2014
New Zealand's biggest builder is about to start a $40 million makeover at its own global headquarters, after buying its headquarters back from Tauranga's Carrus Corporation.
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Government, Christchurch council to buy landslide-prone properties
National Business Review, August 25, 2014
The government and Christchurch City Council will buy 16 Port Hills properties.
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Auckland Transport takes up the parking challenge
National Business Review, August 25, 2014
The International Parking Institute – headquartered in the United States – says by embracing technology and forging public-private partnerships, cities can convert long-existing parking issues into models of sustainability, efficiency, revenue generation and customer service.
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National's housing announcements
National Business Review, August 25, 2014
In his campaign launch speech on Sunday afternoon, John Key gave an example of how it might work...
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Key: Treasury & RBNZ support housing package
National Business Review, August 25, 2014
The National Party is adamant the housing package announced at its campaign launch today will not merely push prices up further.
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Welcome to world's costliest apartment
New Zealand Herald, August 22, 2014
Even by the sky-high standards of Monaco, a penthouse at the top of the Odeon Tower is set to fetch a vertiginous price.
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Court rules against Wilson Parking in 'unconscionable' multimillion-dollar property deal
National Business Review, August 22, 2014
Wilson Parking must return a $15.5 million property to its original owner, following a court decision that says the car park operator acted in bad faith.
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Hawke’s Bay office market subdued
National Business Review, August 22, 2014
Demand in the Hawke's Bay office market remains steady after some relocations, according to valuer Pat Turley of Turley & Co.
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Inequality rising, but not in cost of housing
3 News, August 21, 2014
Pakeha are starting to find houses just as unaffordable as Maori and Pacific people but inequality between ethnic groups remains rife, a new study has found.
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Infrastructure report: A billion-dollar business
New Zealand Herald, August 21, 2014
Hawkins Group CEO Geoff Hunt expects to see revenues of around $700 million this year and says the figure should hit $1 billion within three years. That's on the back of a market rich with opportunity, with $1.7 billion worth of construction projects in Auckland and Christchurch out for bids between now and year end.
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Govt hints at early start to City Rail Link
New Zealand Herald, August 21, 2014
The Government is looking at an early start on the $2.4 billion City Rail Link - but only for a short section of the route to go with the redevelopment of the Downtown Shopping Centre. The underground rail link starts at Britomart and goes under Lower Queen St and the shopping centre before turning up Albert St bound for Mt Eden.
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Tension tipped at park-leases talk
New Zealand Herald, August 21, 2014
Feelings could be running high tonight as One Tree Hill and Greenlane residents living around Cornwall Park meet to talk about a controversial leasehold deal.
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Fletcher plans house building surge
New Zealand Herald, August 21, 2014
New Zealand's biggest listed company is planning a five-fold surge in house building, concentrating mainly on Auckland, where it is negotiating to buy a big site in the city's northwest.
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Chinese buyers and corporate investors increasingly common on Canterbury farms
Interest.co.nz, August 21, 2014
Increasing interest from Chinese buyers and corporate investors has helped buoy the market for Canterbury farms, a report on the region by Bayleys Research has found.
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Net migration rises to 41,000 in year to July; highest since February 2003; India, China, UK the biggest migration sources
Interest.co.nz, August 21, 2014
Annual net migration hit an 11 year high of 41,000 in July and looks set to surge to new record highs later this year as New Zealanders come home from Australia and more students arrive on working visas.
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Isabel Estate advertised in receivership sale
National Business Review, August 21, 2014
Marlborough family-owned vineyard Isabel Estate Vineyard, is being advertised as a receivership sale.
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Housing builds of the year
National Business Review, August 20, 2014
Builders in Canterbury overcame earthquake conditions to triumph, winning Supreme Awards in the Canterbury Registered Master Builders 2014 House of the Year.
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Showcase for Wellington’s Clyde Quay apartments
National Business Review, August 20, 2014
CoreNet is organising a final tour of Wellington's soon-to-be-completed $180 million waterfront Clyde Quay Wharf apartment development.
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Pumpkin Patch chair Jane Freeman joins Kiwi Income Property board
National Business Review, August 20, 2014
Jane Freeman, chair of childrenswear retailer Pumpkin Patch [NZX: PPL], has been appointed to the board of listed property investor Kiwi Income Property Trust's [NZX: KIP] manager.
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Fonterra signs up for half of new cold store
New Zealand Herald, August 20, 2014
NZX-listed Scales Corp says its subsidiary Polarcold will build a new cold store at Ports of Auckland's intermodal freight facility at Wiri and Fonterra will take about half the storage space.
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Values soar: The impact on you
New Zealand Herald, August 20, 2014
The soaring Auckland property market is about to deliver new individual valuations to thousands of homeowners.
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Farm sales up despite winter lull
Stuff.co.nz, August 19, 2014
Farm sales up are 25 per cent over the last year, although winter has seen dairy farm sales virtually grind to a halt.
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Auckland and Chch economies steam ahead
Stuff.co.nz, August 19, 2014
Auckland and Canterbury are steaming ahead, but many other regional economies started to feel the chill of winter in the June quarter.
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Infrastructure report: A place to call home
New Zealand Herald, August 19, 2014
Housing New Zealand is the country's biggest social housing provider, owning or managing over 68,000 properties nationwide, and providing homes for more than 200,000 New Zealanders.
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New council valuations in Auckland will see some property owners facing bigger rates increases than others
Interest.co.nz, August 19, 2014
This year's revised Auckland Council rating valuations could contain both good and bad news for ratepayers when they are posted out to property owners in mid-November.
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Sir Ralph Norris to take up Fletcher chair in October
National Business Review, August 19, 2014
Sir Ralph Norris, the former head of Commonwealth Bank of Australia, will take the chair of Fletcher Building [NZX: FBU] in October, replacing the retiring Ralph Waters.
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$366m profit tipped for Fletcher
New Zealand Herald, August 19, 2014
New Zealand's biggest NZX-listed business is forecast to declare a $355 million to $366 million normalised annual net profit after tax tomorrow, up on last year's $326 million.
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NZ needs to look for ways to make Chinese investment work, economist
National Business Review, August 19, 2014
New Zealand should look for ways to make more Chinese investment work, American economist Tyler Cowen says.
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Dairy industry holds its breath on global auction results
National Business Review, August 19, 2014
A further price plummet in the Global Dairy Trade (GDT) auction tomorrow morning has the capacity to force marginal producers out of the market and slow down New Zealand's milk production growth.
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Houses just 'as affordable'
Stuff.co.nz, August 18, 2014
Houses are just about as affordable now as they were 25 years ago. Yeah, right, might be your reaction but that's the findings of the latest research by the New Zealand Property Investors Federation.
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When a great plan comes together
New Zealand Herald, August 18, 2014
David and Keren Blakey were thinking well ahead when they bought a little old bungalow on flat land that backs on to Madills Farm Reserve in Auckland's eastern suburbs, a few minutes' walk to Kohimaramara Beach.
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Retail units in renewed centre lure investors
New Zealand Herald, August 18, 2014
Six units in the Wairau Junction retail convenience centre on Auckland's North Shore, which are occupied by a mix of local and national businesses, are being offered for sale individually as part of Bayleys' latest Greater Auckland commercial and industrial property portfolio.
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Homewares hub a top spot with established tenants
New Zealand Herald, August 18, 2014
A fully leased mixed-use building on a high-profile site at the gateway to the Link Drive bulk retail precinct in the Wairau Valley is being marketed as an add-value opportunity for investors.
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East Auckland hub hits the market
New Zealand Herald, August 18, 2014
One of Auckland's longest established shopping centres, the Pakuranga Plaza, is up for sale offering a new owner a substantial cash flow from close to 100 tenants as well as significant development potential from a probable future zoning change.
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Mansion plan in Hart's hands
New Zealand Herald, August 18, 2014
Plans for a lavish clifftop mansion - the unrealised dream home of former bankrupted Sensation Yachts owner Ivan Erceg - can be revealed for the first time.
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A new rental yield indicator suggests investors may struggle to find suitable properties in some areas
Interest.co.nz, August 18, 2014
Residential property investors who bought into the market in the first half of this year were likely to have achieved gross rental yields ranging from 4.2% to 12% depending on the area they purchased in.
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Sales of lifestyle properties take a dip but prices stay firm, REINZ says
Interest.co.nz, August 18, 2014
The number of lifestyle blocks sold throughout the country dipped by 13.5% in the three months to July compared with the same period last year, according to the latest REINZ figures.
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Farms sales numbers and prices edge down in July, says REINZ
Interest.co.nz, August 18, 2014
Farm sale prices took a hit in July, according to the REINZ All Farm Price Index.
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Savvy property owners pull returns from their buildings’ ‘skin’
National Business Review, August 18, 2014
Savvy commercial and industrial property owners looking to optimise returns from their property assets are exploring extra income streams to supplement tenant rentals, with several options finding good traction in the current market.
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Editor's Insight: Why Chinese seek stake in property market
National Business Review, August 18, 2014
A new report by Asia's largest independent broking and research organisation throws new light to the motives of Chinese investors in property both here and elsewhere.
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Housing affordability remains a challenge
3 News, August 15, 2014
House price expectations remain high in ASB's latest confidence survey, and it seems more people think it's a bad time to buy a house.
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Subdivision gets go-ahead against official advice
New Zealand Herald, August 15, 2014
A subdivision for 60 houses at Helensville is being criticised by youth lobby group Generation Zero as a bad case of urban sprawl and costly for ratepayers.
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SkyCity full-year result gets tick
New Zealand Herald, August 15, 2014
Analysts appear to be satisfied with SkyCity Entertainment Group's performance, despite a drop in annual profit.
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House prices picked to keep rising
New Zealand Herald, August 15, 2014
Rising interest rates have yet to dent people's expectations that house prices will continue to rise over the year ahead, especially in Auckland and Canterbury.
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Commercial focus mainly on central streets in Hastings
National Business Review, August 15, 2014
Hasting's elongated main street and the unconsolidated CBD is an ongoing challenge, according to valuers Turley & Co.
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Kerepehi new hub for Chinese manufacturing?
National Business Review, August 15, 2014
Sixteen building sites in Waikato's township of Kerepehi are being marketed against the backdrop of new Chinese investment.
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House sales drop with the temperature
3 News, August 13, 2014
New Zealand house sales fell in July as winter cooled the appetite of house hunters while a drop in properties selling for $400,000 or below likely reflected the Reserve Bank's moves to cool the market.
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More houses, selling faster
Stuff.co.nz, August 13, 2014
Canterbury-Westland has experienced the highest house inflation in New Zealand over the past year.
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Kirkcaldie & Stains building sale progresses
Stuff.co.nz, August 13, 2014
Kirkcaldie & Stains is a step away from receiving $45.85 million for the two buildings that make up the Harbour City Centre.
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Business plummets in Tokoroa's CBD
Stuff.co.nz, August 13, 2014
The move of Tokoroa's medical facilities to a one-stop shop outside the CBD is being blamed for a drop in business and prompted calls for the council to get more involved in reviving the area.
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Global milk production rises
Stuff.co.nz, August 13, 2014
Major dairy exporting countries have upped their milk production in the past year, with the European Union and the United States experiencing the largest growth in exports.
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Church opens doors to progress
New Zealand Herald, August 13, 2014
An Auckland-based church centre in Hillsborough near Mt Roskill is for sale now that a larger centre is being built near Auckland Airport to accommodate an increasing membership.
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Property For Industry boosts profit 21% in first-half, reflecting merger gains
National Business Review, August 13, 2014
Property For Industry [NZX: PFI], the industrial property investor, lifted first-half profit 21 percent, a year on from its merger with Direct Property Fund which increased its portfolio by two-thirds.
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Precinct Property annual profit rises 9.4% as Auckland rentals strengthen
National Business Review, August 13, 2014
Precinct Properties New Zealand [NZX: PCT], formerly known as AMP NZ Office, said annual earnings rose 9.4 percent as its Auckland rentals continued to strengthen and Wellington occupancy remained static.
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Sky City may JV with hotel developers, investors in $807m expansion, Morrison says
National Business Review, August 13, 2014
SkyCity Entertainment Group [NZX: SKC], New Zealand's only listed casino company, would consider partnering with developers or hotel investors to part fund some $807 million of spending on its expansion in Auckland and Adelaide, chief executive Nigel Morrison says.
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Flat consumer spending will put more pressure on government's surplus
National Business Review, August 13, 2014
Spending data released yesterday confirms something of a slowdown by consumers - and this could produce headaches for the government.
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Timber ‘green’ design wins Auckland apartment design competition
National Business Review, August 12, 2014
Auckland firm S3 Architects’ proposal for an innovative timber building has won the competition to design an apartment building on a difficult urban site in Mt Eden.
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House sales fall in July, led by cheaper properties amid weaker winter demand
National Business Review, August 12, 2014
New Zealand house sales fell in July as winter cooled the appetite of house hunters while a drop in properties selling for $400,000 or below likely reflected the Reserve Bank’s moves to cool the market.
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Cornwall Park Trust to meet leaseholders
New Zealand Herald, August 12, 2014
The Cornwall Park Trust Board has invited residents leasing its 110 One Tree Hill and Greenlane residential properties to a meeting next Thursday to discuss revisions to its new "modern" lease.
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'Boatsheds' house makes waves at awards
New Zealand Herald, August 12, 2014
Think your home is a castle? This boat-themed creation on Auckland's North Shore, which has been crowned top new home in the upper North Island, boasts an interior glazed bridge, cedar ceilings and a hand-made fire place.
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Mansons has sold another building in its Spark head office complex in Auckland's CBD
Interest.co.nz, August 12, 2014
Another office building that forms part of Spark's (formerly Telecom) head office complex on Victoria St in Auckland's CBD has been sold.
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Summerset first-half profit growth slows as focus turns to investment in villages ahead of sales
National Business Review, August 12, 2014
Summerset Group [NZX: SUM], New Zealand's third-largest retirement village operator, increased first-half profit at a slower pace as it focuses on developing villages for future growth.
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Final countdown for superstore bids
New Zealand Herald, August 11, 2014
A large Countdown supermarket building on over 1ha of land in Hamilton's central business district has been put up for sale by NZX-listed property company DNZ Property Fund Ltd.
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High-profile industrial site gleaming trophy for the portfolio
New Zealand Herald, August 11, 2014
A high-quality, modern warehouse and office building in Albany, completed in 2006 and fully leased, is among a number of industrial properties featured in Bayleys' latest Greater Auckland commercial and industrial property.
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Hot auction action reduces yields
New Zealand Herald, August 11, 2014
Strong competition for a variety of properties on sale in a Bayleys Total Property commercial and industrial auction in Auckland resulted in all the tenanted offerings selling at yields of less than 7 per cent.
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Premier city office space snapped up
New Zealand Herald, August 11, 2014
The proportion of Auckland city's premium or A-grade office space that is empty has more than halved during the first six months of this year.
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Four election candidates explain their party's approach to school zoning, what they like and what they would change
Interest.co.nz, August 11, 2014
Each week from now until the election we will be asking a small group of electorate candidates to explain where they and their parties stand on a specific issue.
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Rawhiti club bowled for $8.1m
National Business Review, August 11, 2014
Rawhiti Bowling Club in Remuera, Auckland has been sold for $8.1 million.
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Convention centre will cost $500 million
Stuff.co.nz, August 8, 2014
Taxpayers will contribute $284 million to the Christchurch Convention Centre due to open in 2017.
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Capital gains tax not 'panacea' for housing crisis, Labour admits
New Zealand Herald, August 8, 2014
Labour and the Green Party have conceded that a capital gains tax would not be a "panacea" for New Zealand's unaffordable housing crisis.
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Tiny town sweet on icecream factory
New Zealand Herald, August 8, 2014
A tiny rural Waikato town wants to establish itself as the "North Island's premier food technology hub".
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QV property values are up in most parts of Auckland, but down in Wellington and some provincial centres
Interest.co.nz, August 8, 2014
Residential property values have continued to rise in most parts of the country over the last three months, according to Quotable Value, but the rate of increase is starting to slowdown in many centres.
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Peripheral developments fuel retail concerns
National Business Review, August 8, 2014
Fuel consumption is a drain on the economy and retailers' profits, according to property design and research company RCG.
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Summerset green-lights $130m Ellerslie village after consent approved
National Business Review, August 8, 2014
Summerset Group [NZX: SUM], New Zealand's third-largest listed retirement village operator, will develop a $130 million village in the Ellerslie suburb of Auckland to accommodate 400 people after being granted resource consent.
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Land sales to foreigners: NZ should consider following China's approach — AUT prof
National Business Review, August 8, 2014
Debate this week has centred on whether China's Shangahi Pengxin should be allowed to buy Lochinver Station, or not.
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Where in the world can Kiwis buy land?
3 News, August 7, 2014
As far away as Belgium, Germany, the Netherlands and Norway - you're welcome to buy there, no restrictions in place.
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All eyes on house prices
Stuff.co.nz, August 7, 2014
QV house price index released
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Convention Centre details close
Stuff.co.nz, August 7, 2014
After months of silence the Government is today expected to announce the winning consortium for the Christchurch Convention Centre.
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Dairy fall could dent the kiwi dollar
New Zealand Herald, August 7, 2014
Falling dairy prices could weigh on the New Zealand dollar and help push the currency as low as US80c against the greenback by the end of this year, says an analyst.
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Foreign-owned Soho Properties creates a 53,000 ha land protection agreement in iconic Central Otago Lakes area
Interest.co.nz, August 7, 2014
The generosity of foreign investors has created New Zealand’s largest ever private land protection agreement at 53,000 hectares; equivalent to 240 Cornwall Park/One Tree Hill Domains.
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Bank of China, yet to receive RBNZ banking registration, leases Auckland office space
Interest.co.nz, August 7, 2014
Bank of China looks set to be the next Chinese bank to set up shop in New Zealand.
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Another Neilsen property at Queenstown on block
National Business Review, August 7, 2014
The Queenstown legacy of bankrupt Rod Neilsen continues with the mortgagee sale of a waterfront block of land at Walter Peak Estate.
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Leaseholders hope to buy Waitara land
National Business Review, August 7, 2014
Waitara leaseholders may be a step closer to owning the land they live on if a New Plymouth District Council proposal goes ahead over about 40ha of Waitara endowment land.
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Planned dump site now a hot property
New Zealand Herald, August 6, 2014
Sections at a northern Auckland coastal site once destined to be a dump have sold for up to $1.4 million.
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Peter Calder: Market revival long time coming
New Zealand Herald, August 6, 2014
As an escape from the bustle of the city, there could hardly be a better place than Victoria Park Market. As I sat for 10 minutes at one of the concrete tables one morning last week, only a sparrow disturbed the tranquillity.
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Tainui Group Holdings' plans for a huge mixed use development at Ruakura get the nod
Interest.co.nz, August 6, 2014
A multi billion dollar residential and commercial property development planned for Ruakura on the outskirts of Hamilton has moved a step closer.
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Architects respond to Auckland housing intensification challenge
National Business Review, August 6, 2014
An architectural competition to design a good-quality medium density apartment building for a difficult urban infill site in Mt Eden has attracted a surprisingly large number of entries.
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Board of inquiry approves Tainui's Ruakura inland port designation
National Business Review, August 6, 2014
Tainui Group Holdings and its partner in a massive land development proposal north of Hamilton are a step closer to turning earth following a draft approval to re-designate 800 hectares around Ruakura from rural to use for employment and residential purposes.
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Milk price fall will be cushioned by farmer saving
National Business Review, August 6, 2014
Unemployment has defied forecasters, falling to 5.6% of the workforce in the latest labour market data.The latest large fall in dairy prices will have an impact over the next year - although not as much as it might have done.
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Unemployment falls, earnings jump
National Business Review, August 6, 2014
Unemployment has defied forecasters, falling to 5.6% of the workforce in the latest labour market data.
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Donghua Liu in court over renovations
New Zealand Herald, August 5, 2014
Donghua Liu is in more legal trouble after the Auckland Council charged the controversial businessman over renovations on two properties worth more than $6 million in plush suburbs.
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Three Chinese banks grab prime CBD spots
New Zealand Herald, August 5, 2014
Three Chinese banks have leased offices in Auckland's central business district, putting further pressure on the stretched sector, says a leasing agent.
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We'd act on run of land sales: PM
New Zealand Herald, August 5, 2014
The Government would move to crack down on farm sales to foreign investors in the event of a an international "run" on New Zealand rural land, Prime Minister John Key says.
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Auckland mall expansion planned by Kiwi
New Zealand Herald, August 5, 2014
A new dining/restaurant and cinema zone at West Auckland's LynnMall and apartments and offices at Sylvia Park are planned.
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Property pays: Rich listers love land
Stuff.co.nz, August 4, 2014
Property continues to be a solid investment for Canterbury's long-established Stewart, Carter and Gough families, according to a wealth list.
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Andrew Bruce: Property investors are tax disadvantaged
New Zealand Herald, August 4, 2014
Another misconception: people still believe property investors are tax advantaged and that investors, developers, traders and speculators aren't taxed.
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Commodity prices fall for fifth straight month, led by milk powder
National Business Review, August 4, 2014
New Zealand commodity prices fell for a fifth straight month in July, led by whole milk powder, reflecting a build-up of inventory in China and a strong milk production season for dairy farmers.
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Auckland super-sizes Housing NZ
Stuff.co.nz, August 4, 2014
Auckland's expensive housing has boosted Housing New Zealand's balance sheet, but the city poses unique challenges for the state housing agency.
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Notices passe for real estate agents
Stuff.co.nz, August 4, 2014
The number of real estate agents entering or re-entering the industry is on the rise, but public notices of applications will no longer be put in print.
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Experts run pubs for PwC
Stuff.co.nz, August 4, 2014
A fistful of companies running pubs around the country have been placed in receivership but a pair of enterprising Wellington booze barons have picked up the management of some of them to keep the drinks flowing.
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Top agent bridges sales and leasing
New Zealand Herald, August 4, 2014
Paul Hain from Bayleys Real Estate was judged New Zealand's top commercial and industrial real estate practitioner, taking out the premier individual title at this year's Awards for Excellence held by the Real Estate Institute of New Zealand.
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Seasoned rivals in TV contest
New Zealand Herald, August 4, 2014
Three of the new couples on The Block NZ face stiff competition. One couple on the upcoming season of the hit TV show recently sold a designer home for more than $1 million on Auckland's rural west coast.
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Commercial property website with a difference
New Zealand Herald, August 4, 2014
A new website for commercial property, which combines the Herald's national listings of property and businesses for sale with expert editorial writing, data insights and market analysis, will be launched on Wednesday.
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Long Bay development starts to rise
New Zealand Herald, August 4, 2014
The country's biggest housing land developer and vendor has sold its first residential apartment site at Long Bay and the first terraced houses have gone up.
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Bernard Hickey says Auckland is growing consents far too slowly. He says Len Brown needs to push back the NIMBYs or face Wellington nationalising Auckland's building consenting and unitary plan process
Interest.co.nz, August 4, 2014
Despite more than a year of Accords, law changes, unitary plans and talk, Auckland's housing consents are still lagging its population growth, let alone catching up with the supply gap created between 2004 and 20012 when building slumped in the wake of the leaky buildings crisis and rising interest rates.
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Sales leasing boosts REINZ Awards winner
National Business Review, August 4, 2014
The ability to combine a vendor-focused sales discipline with a tenant-centred leasing network has enabled New Zealand’s top commercial and industrial real estate practitioner to take out the premier individual title at this year’s Real Estate Institute of New Zealand Awards for Excellence, held last week at the Auckland Art Gallery.
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Bayleys Auckland HQ is top commercial and industrial office…again
National Business Review, August 4, 2014
The Central Auckland office of leading real estate agency Bayleys has been awarded the highest national accolade for its commercial and industrial division – for the third consecutive year.
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Bayleys clears four out of six at its Wellington commercial property auction
Interest.co.nz August 1, 2014
Bayleys sold four of the six commercial properties on offer at its Wellington auction this week.
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East frame residential developer short list
National Business Review, August 1, 2014
The Christchurch Central Development Unit has whittled down a shortlist of preferred developers for it's "east frame".
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Hamilton city centre decline, but plenty happening on fringes
National Business Review, August 1, 2014
Halting the decline of Hamilton's city centre is the focus of a Property Council forum this week.
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Argosy sells Waitakere shopping centre
Stuff.co.nz, August 1, 2014
Increased retail competition in west Auckland and the rise of online shopping has prompted listed property fund Argosy Property to sell its Waitakere Mega Centre in Auckland.
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Start taxing property gains properly, says economist
New Zealand Herald, August 1, 2014
NZIER's principal economist Shamubeel Eaqub wants capital gains tax collection on residential rental properties enforced more rigorously and has called for a more equitable system which doesn't inherently favour housing investment.
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The risk of a significant NZ house price correction is slowly moderating, Moody's says
Interest.co.nz, August 1, 2014
Credit rating agency Moody's says the risk of a significant New Zealand house price correction is slowly moderating thanks to steps taken by the Reserve Bank and efforts to boost housing supply.
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Strong bidding for retail units at Bayleys auction sees yields mostly in the 5-6% range
Interest.co.nz, August 1, 2014
Rental yields were mostly in the 5-6% range at this week's Bayleys commercial property auction held at their Viaduct Harbour rooms in Auckland's CBD.
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Augusta launches a king sized syndicate with princely fees to match
Interest.co.nz, August 1, 2014
NZX-listed Augusta Capital (though its subsidiary Augusta Funds Management) has launched its latest property syndicate and it's a whopper.
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$67m Waikato campus a runner
National Business Review, August 1, 2014
Funding from the Tauranga Energy Consumer Trust was the circuit breaker in a decision to go ahead with a $67 million tertiary campus in downtown Tauranga.
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CDL Investments posts 44% gain in first-half profit on surge in section sales
National Business Review, August 1, 2014
CDL Investments, the residential property developer controlled by Millennium & Copthorne Hotels New Zealand [NZX: MCK], posted a 44 percent gain in first-half profit after doubling its sales of sections at developments in Auckland, Hamilton and Rolleston.
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Retirement village planned for hotel site
Stuff.co.nz, July 30, 2014
Ryman Healthcare is planning a $100 million retirement village in Greenlane, Auckland and a $120m project in Rangiora, just north of Christchurch.
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Property syndicates are proving popular but investors need to understand how they work and what the risks are
Interest.co.nz, July 30, 2014
Property syndicates are a way for smaller investors to pool their funds to buy a large commercial property that would otherwise be beyond their means.
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UPDATED: Building consents rose at fastest pace in three months in June
National Business Review, July 30, 2014
New Zealand building consents increased at the fastest pace in three months in June, rising a seasonally adjusted 3.5 percent, led by a surge in Canterbury.
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Auckland Airport may value land as high as $2.7b, up $745m from 2011
National Business Review, July 30, 2014
Auckland International Airport [NZX: AIA], the nation's busiest gateway, says a revaluation of its property will lift the value of the assets by as much as $745 million.
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Waivers enable Augusta's higher borrowing threshold
National Business Review, July 30, 2014
NZX-listed Augusta has never breached lending covenants, according to managing director Mark Francis.
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Chch house building 'ahead of target'
3News, July 30, 2014
Labour got its numbers wrong when it said Christchurch needed 25,000 new houses and only 2160 had been built over the last two years, Earthquake Recovery Minister Gerry Brownlee says.
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Canterbury's building surge may be levelling
Stuff.co.nz, July 30, 2014
ASB's "Cantometer" rose again last month showing Canterbury's economy continued to be driven by its construction sector.
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$20m CBD property portfolio must be sold
Stuff.co.nz, July 30, 2014
A portfolio of central Wellington properties owned by members of the Papageorgiou family have been put up for sale by receivers.
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Big names in Franklin Rd fight
New Zealand Herald, July 30, 2014
A rich lister, a high profile QC, a prominent media couple and an arts doyen are locking horns over the future of Franklin Rd, which attracts hordes of visitors to its street display of Christmas lights.
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Fair dinkum building opportunity
New Zealand Herald, July 30, 2014
A business that has played a major role in the Wairarapa building industry for almost 15 years is for sale because its owner is planning to retire.
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Mid-town site with many options
New Zealand Herald, July 30, 2014
A big block in the central business district of the South Waikato town of Putaruru is for sale, and a proposed district plan will allow for its development.
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Council invited developer to buy QEII Square, private papers reveal
New Zealand Herald, July 30, 2014
The privatisation of Queen Elizabeth Square for a giant mall downtown in the CBD was initiated by Auckland Council last year, documents show.
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Fonterra slashes Farmgate Milk Price forecast for 2014-15 to $6 per kgMS from $7, with dividend full forecast cash payout range is $6.20-$6.25
Interest.co.nz, July 30, 2014
Fonterra has reduced its 2014-15 forecast Farmgate Milk Price by $1 to $6 per kilogramme of milk solids, and announced an estimated dividend range of 20 cents to 25 cents per share.
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Any attempts to herd people, or investment funds, where they would not go by themselves are only likely to delay the inevitable says Gareth Kiernan
Interest.co.nz, July 30, 2014
There has been increasing discussion in the media over recent weeks about the plight of some of our provincial and rural economies.
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Syndications becoming a feature of market again
National Business Review, July 29, 2014
Christchurch is becoming one of the most expensive places in New Zealand to be a tenant, with the average rent only $20 a week cheaper than in Auckland. Property syndicates are once again vying for investor attention as the commercial property market heats up.
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Rents in Chch close to levels in Auckland
Stuff.co.nz, July 29, 2014
Christchurch is becoming one of the most expensive places in New Zealand to be a tenant, with the average rent only $20 a week cheaper than in Auckland.
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Urban expert rejects city compaction
New Zealand Herald, July 29, 2014
A French urban planning expert is in New Zealand this week, courtesy of think-tank the New Zealand Initiative.
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PM John Key says agrees with RBNZ that NZ$ over-valued; would not have a problem if RBNZ intervened to sell it down; but restates intervention not effective in long run
Interest.co.nz, July 29, 2014
Prime Minister John Key has told his weekly post-cabinet news conference he would approve if the Reserve Bank intervened in currency markets to sell the New Zealand dollar lower.
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Agents breaking with convention to demonstrate their success
National Business Review, July 29, 2014
A few weeks ago I posed the question in an article as to “Just how competitive is real estate in NZ” – citing the factual comparative advertising shown in the UK. At the time I suggested that factual comparative advertising was not regarded as appropriate in New Zealand within the industry.
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Downtown looks to San Fran for cues
New Zealand Herald, July 28, 2014
Precinct Properties, with consent for a 41-level Auckland waterfront tower on its Downtown Shopping Centre site, took a team to San Francisco last month to study a new 62-level waterfront skyscraper rising above an underground railway there.
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Mansion receives its finishing touches
New Zealand Herald, July 28, 2014
More than 100 trade specialists are finishing New Zealand's most expensive new house, preparing for the arrival of owner and billionaire Russian steel magnate Alexander Abramov this year.
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Market in good shape despite interest hikes, seismic risk
New Zealand Herald, July 28, 2014
All sectors of the commercial property market are in good shape with three successive hikes in the Official Cash Rate by the Reserve Bank yet to produce any obvious dampening of investor demand or any noticeable impact on yields, says John Church, Bayleys' national director commercial.
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Banks woo first-home buyers
New Zealand Herald, July 28, 2014
Banks are once again wooing first-home buyers to apply for a mortgage, even if they do not have a 20 per cent deposit.
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Bernard Hickey argues the inflation fall over the last 30 years created a half a trillion dollar windfall for a generation of property owners. He says a land tax would help give the new landless generations a leg up
Interest.co.nz, July 28, 2014
They should be known as the lucky generation. Anyone owning property in the mid 1980s could never have imagined what would happen in the next thirty years.
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NZ home loan affordability improves in June after house price falls, Roost Home Loan Affordability Reports show
Interest.co.nz, July 28, 2014
Home loan affordability improved slightly across most of New Zealand in June after a fall in median house prices more than offset a rise in interest rates.
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Kiwibank exits Goodman Property's $600m lending syndicate
National Business Review, July 28, 2014
Kiwibank has exited a five-year, $30 million, lending relationship with Goodman Property Trust [NZX: GMT], New Zealand's largest listed property investor with the remaining 'big four' banks to boost their funding to $150 million each.
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NZ commercial and industrial property raising global eyebrows
National Business Review, July 28, 2014
New Zealand’s commercial and industrial property market is riding a wave of success according to a leading international market intelligence company, which says in an Australasian and global context, this country’s investment credentials are looking sharp.
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When floating ends in sinking
Stuff.co.nz, July 25, 2014
Experts are warning homeowners with major mortgage debts could "come unstuck" as interest rates move higher for the fourth time this year.
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Battle looms over proposed Porirua supermarket
Stuff.co.nz, July 25, 2014
A planning battle is looming over a giant $17 million supermarket in Porirua after neighbours voiced their overwhelming opposition.
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NZ home loan affordability improves in June after house price falls, Roost Home Loan Affordability Reports show
Interest.co.nz, July 25, 2014
Home loan affordability improved slightly across most of New Zealand in June after a fall in median house prices more than offset a rise in interest rates.
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Kiwibank exits Goodman Property's $600m lending syndicate
National Business Review, July 25, 2014
Kiwibank has exited a five-year, $30 million, lending relationship with Goodman Property Trust [NZX: GMT], New Zealand's largest listed property investor with the remaining 'big four' banks to boost their funding to $150 million each.
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Property: To rent or to buy?
3 News, July 25, 2014
To rent or to buy? That is the question - a question worth considering as house prices and interest rates continue to climb. So if you own a home or are considering buying are you making a mistake? Or are you better off renting instead?
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Deputy Governor Grant Spencer suggests RBNZ's plans for the future of its LVR restrictions will be revealed in its next Financial Stability Report
Interest.co.nz, July 25, 2014
Reserve Bank Deputy Governor Grant Spencer has reiterated it'll be late this year at the earliest before the central bank starts removing the 'speed limits' imposed on banks' high loan-to-value ratio (LVR) residential mortgage lending.
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The latest dairy farm syndicate spurns debt as investors focus on risk
Interest.co.nz, July 25, 2014
Roger Dickie NZ has launched a dairy farm investment syndicate that will have almost no debt.
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Marlborough vineyards embark on new waste initiative
National Business Review, July 25, 2014
Marlborough's winery owners are joining Marlborough District Council to dispose of vineyard waste and make money out of it.
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POLL RESULT: Do you think culling 'loopy' council rules will help to attract more investment?
National Business Review, July 25, 2014
A subscribers' only poll has revealed most participants agree getting rid of "loopy" council rules will help to attract more investment.
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'Desperate shortage' of retail space, says Auckland councillor
New Zealand Herald, July 24, 2014
Auckland is suffering a desperate shortage of land for business expansion and retailing with a "critical short supply" of large format shopping space, says one Auckland councillor.
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NZ posts eighth monthly trade surplus
New Zealand Herald, July 24, 2014
New Zealand posted its eighth monthly trade surplus in June, led by overseas demand for the nation's primary products such as milk powder, frozen beef and kiwifruit.
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NZ dollar 'unsustainably high,' says English
New Zealand Herald, July 24, 2014
Finance Minister Bill English said the New Zealand dollar, which hit a record on a trade-weighted basis this year, is "unsustainably high".
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Property: $400k goes a long way (in some places)
New Zealand Herald, July 24, 2014
Property developer Andrew Bruce says the Auckland property market is "fueled by a series of pressure points all working together to drive prices upwards." He points out that there is a suppression of building work in the city because the cost of doing business with council is skyrocketing.
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Park dusts off noise barrier plan
New Zealand Herald, July 24, 2014
Eden Park's operators have tabled plans to borrow $1.8 million to install a sound barrier for the east stand.
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Rental yields on residential investment properties have been steadily declining since the early 1990s, ANZ says
Interest.co.nz, July 24, 2014
Residential property rental yields throughout the country have been falling since the early 1990s and are now under 4% in the Auckland and Central Otago regions, according to ANZ.
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RBNZ lifts OCR to 3.5%, but signals "period of assessment"; Wheeler says NZ$ unjustified, unsustainable and could fall a lot
Interest.co.nz, July 24, 2014
The Reserve Bank has hiked the Official Cash Rate for a fourth time in five months as widely expected, but it has also signaled a pause in its rate hikes to assess how the tightening was affecting the economy.
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Residential comments sought, CCDU to reveal chosen developer soon
National Business Review, July 24, 2014
The government's Christchurch Central Development Unit draft residential chapter of its central city recovery plan is open for comment.
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Gapes supermarket promoted in syndicated offer
National Business Review, July 24, 2014
Even media releases by real estate agents must run the gauntlet of the Financial Markets Authority these days.
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'Loopy' council rules to get the boot
National Business Review, July 23, 2014
A taskforce will be established in October that intends to weed out "loop" rules and regulations that have frustrated property owners and councils for decades.
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Ngai Tahu denied giant dairy farm
National Business Review, July 23, 2014
Ngai Tahu has failed to obtain resource consent to farm 23,000 dairy cows in North Canterbury.
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Share offer for chunk of Petone site
Stuff.co.nz, July 22, 2014
The massive Countdown Petone building is being offered to investors as a syndication opportunity.
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Labour earmarks $200m for regional investment
New Zealand Herald, July 22, 2014
Labour Leader David Cunliffe says a Government he led would invest up to $200 million over four years in development projects aimed at resuscitating flagging regional economies.
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Stormy clouds over provincial New Zealand
National Business Review, July 22, 2014
Local Government NZ president Lawrence Yule says it is clear that, in the medium term, there are some clouds over the the future of provincial New Zealand.
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Kiwis quitting Australia fuel immigration surge
New Zealand Herald, July 22, 2014
The immigration surge continued to gather pace last month, with the net inflow of 4270 people the second-largest monthly gain on record.
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Properties sold in leaseback deal
New Zealand Herald, July 22, 2014
New Zealand real estate investment specialist Caniwi Capital has bought chicken processing plants, hatcheries and farms from Inghams Enterprises NZ in a $57 million sale and leaseback deal.
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More homes wanted around Cornwall Park
New Zealand Herald, July 22, 2014
Intensive housing development on land surrounding Cornwall Park is being proposed. The submission to Auckland Council's Proposed Unitary Plan also seeks the axing of historic and demolition controls, sparking fears of annual lease payment rises.
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Environmental group backs Unitec housing plan
New Zealand Herald, July 22, 2014
An organisation representing 10,000 young Kiwis backs plans for Unitec and Eden Park, saying the city needs more intensive development and young people need housing choices.
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Paula Bennett launches Taskforce to stamp out 'loopy' council rules; calls on developers and ratepayers to submit red tape complaints
Interest.co.nz, July 22, 2014
Local Government Minister Paula Bennett has created a Rules Reduction Taskforce to stamp out "loopy" rules and regulations set by local governments that frustrate property owners and councils alike.
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Resort may get first airport hotel
Stuff.co.nz, July 21, 2014
An Auckland-based development company says it has lodged a resource consent to build a 48-room, six apartment Ramada Hotel in Queenstown.
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Dairy farmer confidence ebbs while meat and fibre farmers remain positive in the latest new-season Fed Farmers survey
Interest.co.nz, July 21, 2014
A slump in dairy farmers’ confidence has seen Federated Farmers’ new-season Farm Confidence Survey move into negative territory, with pessimists outnumbering optimists on prospects for the general economy and farm profitability.
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We compare the cash-back incentive offers by the nine main banks in the mortgage market along with the conditions involved
Interest.co.nz, July 21, 2014
The mortgage market is competitive and in addition to low rate offers, many banks are now offering 'cash-back' incentives.
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Prices of lifestyle blocks have hit a record high in Auckland but the number of sales around the country is down
Interest.co.nz, July 21, 2014
Prices of lifestyle blocks have set a new record in Auckland, although the number of lifestyle properties sold around the country is down, according to the Real Estate Institute of NZ.
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Annual migration at decade high as arrivals pass 100,000
National Business Review, July 21, 2014
New Zealand's annual migration extended its decade highs in June, as a record number of arrivals pushed the net inflow above the 2014 peak estimated by the Treasury and the Reserve Bank.
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Ryman buys central Auckland Subritzky estate
National Business Review, July 21, 2014
Listed retirement villager operator Ryman Heathcare [NZX:RYM] has bought an 8.9ha estate in Lynfield, central Auckland, formerly the home base of elderly healing evangelist, lawyer and property developer Bill Subritzky.
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Reality TV queen offloads sports bar
New Zealand Herald, July 21, 2014
TV mogul Julie Christie has placed her Auckland Viaduct-based sports bar on the market, along with her extensive personal collection of sports memorabilia.
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A home with real class
New Zealand Herald, July 21, 2014
House hunters horrified by record property prices might be better off going back to school.
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Tenders sought for fruit, vege, butcher store
New Zealand Herald, July 21, 2014
A well-known North Shore retail property with two occupants who have entered into new 15-year leases is for tender within Bayleys' latest Total Property portfolio.
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US billionaire's Kiwi empire growing
New Zealand Herald, July 21, 2014
California-based billionaire William P. Foley II is expanding in New Zealand, upgrading two Wairarapa vineyards, building a new Marlborough bottling plant, buying a gin label, Land Rover Discovery vehicles and the owners' cottage at the Wharekauhau Country Estate where the Duke and Duchess of Cambridge stayed this year.
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Experts tip lift in OCR
New Zealand Herald, July 21, 2014
With a fourth successive increase in the official cash rate on Thursday widely expected, the focus will be on what the brief accompanying statement indicates on the Reserve Bank's thinking about the duration and conditionality around the likely pause to follow.
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Green is the new black
National Business Review, July 21, 2014
Prior to the global financial crisis (GFC), “green buildings” were gaining some traction in the New Zealand market place as developers started embracing the concept of sustainable commercial buildings in line with world trends.
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NZIER's Shamubeel Eaqub says recruiting young immigrants could help address problems in the provinces where there are more old people than Japan
Interest.co.nz, July 18, 2014
Young immigrants could be used to help tackle the effects of an ageing population in New Zealand's provinces, but such immigration would need to be handled with care, says New Zealand Institute of Economic Research principal economist Shamubeel Eaqub.
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Fair Dinkum seeks a new bloke
National Business Review, July 18, 2014
The Fair Dinkum Sheds steel-framed buildings franchise in the Wairarapa is seeking a new owner.
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Embrace falling home affordability, says NZIER
National Business Review, July 18, 2014
Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub.
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Queensland local bodies choose to de-amalgamate
National Business Review, July 18, 2014
The Property Council is a keen proponent of council mergers, with several now going ahead at its urging, just as Australia is going through a wave of de-amalgamation.
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Beef, lamb exports near peak
Stuff.co.nz, July 18, 2014
New Zealand beef and lamb exports are at almost record levels for the first nine months of trade this season.
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Tenants need help: expert
New Zealand Herald, July 18, 2014
Being a tenant is not seen as a viable long-term housing option in New Zealand because we have one of the least tenant-friendly regimes in the developed world, an economist warns.
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Why house prices are up and ownership is down
New Zealand Herald, July 18, 2014
Whatever culprit you choose, the result is the same - high house prices, compared to our incomes, compared to rents and compared to other countries.
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The Chinese are coming, and they'd like to buy your house
New Zealand Herald, July 17, 2014
The Chinese are on the move. In 2014, a record number of Chinese, 100 million, are expected to travel abroad, an army roughly as big as Mexico's population.
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Lincoln University rebuild green-lit
National Business Review, July 17, 2014
The government is committing $107.5 million to rebuilding science teaching and research facilities destroyed at Lincoln University during the Canterbury earthquakes, as part of a broader plan to create a science research and teaching hub involving several Crown Research Institutes and Dairy NZ as well as the university on the campus on the plains outside of Christchurch.
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Passion propels property
Stuff.co.nz, July 17, 2014
Jason Christensen jokes that he returned to the family farm "for the quiet life" after a 14-year career as a Department of Conservation ranger on Mana Island.
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Proposal opens up Queens Wharf
New Zealand Herald, July 17, 2014
The western side of Queens Wharf could become open space as part of plans for the downtown waterfront area.
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OCR tipped to rise next week
New Zealand Herald, July 17, 2014
Economists still expect the Reserve Bank to raise its official cash rate to 3.5 per cent next week, but are questioning the case for another increase before the end of the year, following benign inflation numbers in the June quarter and export dairy prices dropping with a thud.
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Private convention developer hits out at ‘socialist’ model
National Business Review, July 17, 2014
A war of words has broken out over two competing convention centre proposals.
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Kirkcaldie to sell Harbour City property in single sale
National Business Review, July 17, 2014
Upmarket Wellington retailer Kirkcaldie & Stains [NZX: KRK] says both the front and rear buildings of its Harbour City Centre property will be sold in a single sale and purchase agreement, rather than separately. The stock climbed 6.1 percent before the announcement, made after the close of trading yesterday.
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No appeals for fast-tracked city council plan
National Business Review, July 17, 2014
A Christchurch City Council accelerated district plan process means appeals will only be allowed on points of law.
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Augusta Capital looks set to make a healthy wad of cash from its next syndicated property offering
Interest.co.nz, July 16, 2014
Augusta Capital's pending syndication of one of Telecom's head office buildings in Auckland should boost the company's coffers by nearly $2.5 million this year, providing a taste of the lucrative deals it will be looking to set up following its takeover of rival syndicator KCL last year.
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Editor's Insight: Why regions must help themselves
National Business Review, July 16, 2014
This week's dire reports on the state of the regions confirm what is well known.
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First McDonalds site for revamp
National Business Review, July 16, 2014
 It was the first McDonald's restaurant in New Zealand but now it's being sold vacant as a redevelopment prospect.
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Divided opinion over Quay St
Stuff.co.nz, July 16, 2014
The long-awaited Quay St revamp is a "waste of money" and should be put on the back burner because of the city's growing debt, Cameron Brewer says.
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Luxury homes: Going, going and... still going
New Zealand Herald, July 16, 2014
A mansion valued at $33 million is among properties in Auckland's most exclusive suburbs, on secluded island beaches or farmland that are awaiting rich-list buyers.
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UK input seen as vital for city's rebuild
New Zealand Herald, July 16, 2014
The $30 billion rebuild of post-earthquake Christchurch will race ahead if local firms team up with British firms experienced in major construction projects such as the London 2012 Olympics and Heathrow Airport redevelopment, says a UK government minister.
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Statistics NZ reports CPI rose 0.3% in June qtr; Annual inflation up to 1.6%; in line with RBNZ forecast; just below market consensus
Interest.co.nz, July 16, 2014
Consumer price inflation in the June quarter was weaker than expected as construction cost and other local inflation was below expectations, creating some doubt about the 'sure thing' bet in financial markets that Reserve Bank will hike the Official Cash Rate for a fourth time in five months next Thursday.
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Job growth built up by construction jobs
Stuff.co.nz, July 15, 2014
The construction industry continued to underpin employment demand in June, according to recruitment website Seek.
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Work begins on Auckland 'airport of the future'
Stuff.co.nz, July 15, 2014
Construction of Auckland International Airport's combined domestic and international terminal is under way.
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Iconic high country station stays NZ-owned
Stuff.co.nz, July 15, 2014
The ownership of this iconic Queenstown high country property is staying with New Zealanders.
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China's property moguls on secret path
Stuff.co.nz, July 15, 2014
For years, wealthy Chinese have been transferring billions worth of their money overseas, snapping up pricey real estate in markets around the world despite their country's currency restrictions.
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Landcorp's huge dairy plans start to take shape
Stuff.co.nz, July 15, 2014
Three new dairy farms that have been converted from forestry will begin milking for the first time in the new season as part of Landcorp's large-scale dairy development near Taupo.
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Chinese fuel jump in US foreign house sales
New Zealand Herald, July 14, 2014
Henry Nunez, a real estate agent in Arcadia, California, met with so many homebuyers from China that he bought a Mandarin-English translation app for his phone.
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Roger J Kerr sees six reasons consumer demand, labour market conditions and supply-side inflation pressures should be seen by the RBNZ as more important than high house prices
Interest.co.nz, July 14, 2014
Is the RBNZ on a pre-set and fixed plan of front-loading OCR interest rate increases at this time, or are they prepared to be flexible and adjust the timing and extent of OCR increase as economic data and financial market movements unfold?
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Fast track consent sought for 3,000 new homes at Hobsonville in Auckland
Interest.co.nz, July 14, 2014
A proposed development of up to 3,000 new homes at Hobsonville in Auckland could be fast tracked under the Auckland Housing Accord.
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House sales fall in June, led by cheaper properties
National Business Review, July 14, 2014
New Zealand house sales fell in June from a year earlier, led by properties of $400,000 or less, indicating the Reserve Bank's restrictions on low-equity loans are curbing demand at the cheaper end of the market.
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Urban focus puts regions in doldrums
New Zealand Herald, July 14, 2014
Once-prosperous provinces are falling into the economic doldrums as politics and policies focus on the urban powerhouses of Auckland and Wellington, warns the New Zealand Institute of Economic Research.
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Dairy's $14.3b boost to the regions
New Zealand Herald, July 14, 2014
New Zealand's regional economies earned about $14.3 billion from dairy farms in 2013-2014, taking the lion's share of national dairy earnings, industry group DairyNZ said.
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Record housing figures for city
New Zealand Herald, July 14, 2014
The country's largest house sales website showed Auckland's asking price hit a new all-time record of $732,240 last month.
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Asking prices for homes hit an all time high in June
Interest.co.nz, July 14, 2014
Record asking prices for homes in Auckland suggest it's still a sellers market, with new listings declining.
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Bernard Hickey looks at why rental inflation in Auckland is much lower than house price inflation and wonders how much longer this valuation bubble can keep inflating before bursting in landlords' faces
Interest.co.nz, July 14, 2014
It is the great conundrum of New Zealand's investment scene and the great mystery of the Auckland economy.
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Builders get tighter rules next year
3 News, July 11, 2014
Builders will have to provide information about their skills, qualifications and experience when they contract for work under regulations that come into force from January next year.
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Historic homes at risk in plan
New Zealand Herald, July 11, 2014
Housing New Zealand wants to lift building restrictions around hundreds of its historic and "special character" homes across Auckland to allow for development.
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Drop in living-cost rating good for top NZ cities
New Zealand Herald, July 11, 2014
Auckland and Wellington have become more appealing to expatriates in the past 12 months, a survey has found.
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Canadians in $1 billion property buy
New Zealand Herald, July 11, 2014
The new Canadian owners of the $1 billion real estate fund have opportunities to expand in New Zealand by further investing in real estate assets at Botany, Manukau, Tauranga and Christchurch, according to the man in charge of managing the business.
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Johnny come lately speculators and new lending rules are putting the squeeze on many landlords
Interest.co.nz, July 11, 2014
Rental yields on residential investment properties in Auckland are now worse than they were at the height of the last property boom in 2007, according to veteran property investor David Whitburn.
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Geoff Cooper says the intent of the proposed Unitary Plan is about letting Aucklanders decide how and where they want to live through markets, while managing the costs of these choices
Interest.co.nz, July 11, 2014
In recent times there has been a surge in research completed on the economic implications of Auckland’s spatial form.
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Millennium spends $14.25m on final stake in Quantum
National Business Review, July 11, 2014
Millennium & Copthorne Hotels New Zealand [NZX: MCK], which operates 22 hotels across the country, will spend $14.25 million in cash to buy the remaining 30 percent stake in its Quantum joint venture that it doesn't own from Te Maori Lodges.
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Kiwi Income seven-year bonds oversubscribed
National Business Review, July 11, 2014
Kiwi Income Property Trust [NZX: KIP], the country's second-biggest listed property investor by market value, has had its seven-year bond offer oversubscribed.
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NZ Super benefits from $1b property sale
National Business Review, July 11, 2014
The New Zealand Superannuation Fund will take a 29.69% share of the $1 billion proceeds from the sale of the AMP Property Portfolio assets to a Canadian pension fund.
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Fonterra to build third Chinese farm hub with NYSE-listed Abbott
National Business Review, July 11, 2014
Fonterra Cooperative Group [NZX: FCG], the world's biggest dairy exporter, plans to build a third farm hub in China in a US$300 million joint venture with New York Stock Exchange-listed Abbott Laboratories, in its latest attempt to latch on to growth in the world's second biggest economy.
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Change of lender for estate plan
New Zealand Herald, July 10, 2014
Changes are afoot at Mt Wellington's new 107-unit Thompson Park housing estate after the former main lender was replaced some weeks ago.
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Construction boosting Auckland economy
New Zealand Herald, July 10, 2014
Construction helped to boost the Auckland economy by 2.6 per cent during the March year but unemployment is still high and wage growth remains stagnant.
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Precinct Properties portfolio value increases on Auckland buildings
National Business Review, July 10, 2014
Precinct Properties New Zealand [NZX: PCT], the country's third-biggest listed property investor by market value, expects to recognise a 5.5 percent gain in its portfolio's value as Auckland real estate prices continue to climb.
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Cornwall Park: progress on dumping Glasgow leases?
National Business Review, July 10, 2014
The Cornwall Park Trust Board is expected to make an announcement on its proposed new modern lease at the end of the month.
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Let's live in... Sandringham
Stuff.co.nz, July 9, 2014
The bustle of the Indian, Sri Lankan, Afghan and Cambodian shops give way to leafy wide streets lined with cute villas and fruit trees - Sandringham is picturesque Auckland family life at its best. It's a favourite for families with young kids.
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Auckland pays price of popularity
Stuff.co.nz, July 9, 2014
Auckland, your housing crisis is all your own fault. That's the word from top economists.
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New limits on vendor bids at auction
Stuff.co.nz, July 9, 2014
A raft of changes to the Fair Trading and Consumer Guarantees Acts covers goods bought at auction, including commercial and residential properties.
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Income gap static, latest data shows
New Zealand Herald, July 9, 2014
Growing income inequality is largely a myth, according to the latest household income figures, though the pockets of the poor are hit the hardest by rising housing costs.
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RBNZ's McDermott says RBNZ has revised up its estimate of potential GDP growth over last six months to a peak of 2.8% in 2015 from 2.5%
Interest.co.nz, July 9, 2014
Reserve Bank Assistant Governor John McDermott has delivered a speech detailing the Reserve Bank's focus on measuring potential GDP output growth and how that fits into its monetary policy thinking, given any actual economic growth that was faster than potential output growth tended to generate inflation.
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Bidding opens for new Christchurch homes
3 News, July 9, 2014
The bidding has opened for 450 new homes in Christchurch.
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Dairy production jumps in June
Stuff.co.nz, July 9, 2014
Dairy production was higher than usual in June, with Fonterra collecting 9 million kilograms of milksolids, 10 per cent more than in June last year.
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Busy Hub in heart of Mangawhai
New Zealand Herald, July 9, 2014
The Hub commercial and retail centre is a popular stopping place for tourists as well as residents.
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Orakei offers superb prospect
New Zealand Herald, July 9, 2014
A three-level mixed use Orakei commercial building fully leased to 10 tenants on a large site with future development potential is for sale for the first time in nearly three decades.
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Agribusiness Report: Foreign purchases and rural property
New Zealand Herald, July 9, 2014
It is difficult to determine if the purchase of rural properties by foreigners is a catalyst for higher rural land prices, but data supplied by the Overseas Investment Office (OIO) contains surprises -- like the tiny Grand Duchy of Luxembourg and principality of Monaco having received OIO approval to "invest" in more New Zealand land during the past five years than much-maligned China.
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Revealed: $900m home plan
Interest.co.nz, July 9, 2014
A millionaire property developer plans to put his social ideas into practice in a $900 million housing project to start in Mangere in October.
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Property values are rising faster than rents in Auckland but it's a different story in the rest of the country
Interest.co.nz, July 9, 2014
Property values continue to rise much faster than rents in Auckland, although investors in other parts of the country may be seeing better rental growth.
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Property For Industry buys Wellington site for $15.3m
National Business Review, July 9, 2014
Property For Industry [NZX: PFI], which increased its portfolio by two-thirds last year through a merger with Direct Property Fund, will spend $15.3 million on a Wellington property after selling $12.2 million worth of non-core properties in the first-half.
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‘Reserve Bank rules only aimed at banks’ – but investors likely to wear costs
National Business Review, July 9, 2014
The Reserve Bank says its proposed new plans for residential investment are aimed at banks rather than investors.
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First-home buyers use parents as guarantors
Stuff.co.nz, July 8, 2014
Twice as many Wellington first-home buyers are using parents as guarantors for mortgages since a tougher deposit criterion was introduced last October, according to a Wellington mortgage broker.
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Waterfront office block opponents want moratorium
Stuff.co.nz, July 8, 2014
Opponents of a controversial six-storey office block to be built on Wellington's waterfront want a five-year ban on any new development.
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'Warrant of fitness' scheme for rentals winning wide support from politicians
New Zealand Herald, July 8, 2014
A "warrant of fitness" scheme for all rental housing may be on the agenda whoever wins the election in September, a new survey has found.
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Big cuts loom in bid to keep cap on rates rise
New Zealand Herald, July 8, 2014
Cutting back funding for park maintenance, reducing library hours and scrapping inorganic rubbish collections are among options being considered by a cash-strapped Auckland Council.
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Market forces commercial building shake up
New Zealand Herald, July 8, 2014
Listed property businesses are selling older assets but a buoyant market is making it harder to find newly built replacements, forcing them to develop their own buildings, says a leading industry player.
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House sales show big drop in 'perfect storm'
New Zealand Herald, July 8, 2014
A perfect storm of interest rate hikes, lending restrictions and inclement weather is being blamed for a slump in house sales.
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Wynyard apartment developer rejects ‘rich ghetto’ tag
National Business Review, July 8, 2014
The developer of an apartment project in Auckland's Wynyard Quarter says it will have "affordable housing".
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QV says Auckland property hot spots cooling
New Zealand Herald, July 7, 2014
Auckland's property market "hot spots" could be starting to warm down, according to QV data out today, which cited changes in Waitakere, Flat Bush and Papakura.
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Roger J Kerr says migration trends have been misinterpreted and housing activity levels are moderating; prices follow the activity levels. He doubts that inflation risks have increased
Interest.co.nz, July 7, 2014
The increase in the two and three year swap interest rates since the 12 June RBNZ Monetary Policy Statement has already delivered higher fixed rate mortgage lending rates from the banks.
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Up She Rises
National Business Review, July 7, 2014
It has been a frenetic first half of the year for the commercial and industrial property market, with more deals being done than for any first six-month period since the Global Financial Crisis.
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Retail trends change property dynamics
National Business Review, July 7, 2014
There’s an old saying: “If the shoe fits, buy it in every colour”. While the principle may still apply, where and how consumers are spending their shopping dollars has become a more complex issue, in a more expansive environment than ever before.
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Property values heat up in June quarter, driven by Auckland, Christchurch
National Business Review, July 7, 2014
New Zealand property values grew at a faster pace in the June quarter as the country's two biggest cities continued to underpin the market.
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More commitments for Christchurch’s CBD
National Business Review, July 7, 2014
Several corporate tenants have confirmed plans to return to Christchurch's central business district.
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Build up and scale up in housing urged
3 News, July 7, 2014
It's time for the Government to partner with community housing providers to build developments with 500 houses or more, according to an infrastructure industry boss.
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Irishman Creek 'should not be freehold'
Stuff.co.nz, July 7, 2014
The preliminary tenure review proposal for almost 5800 hectares of Irishman Creek land has met with strong resistance from the Canterbury-Aoraki Conservation Board.
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Supermarket plan gets the green light
Stuff.co.nz, July 7, 2014
Approval has been given to build a $23 million Countdown supermarket on one of Hamilton's most congested roads.
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The house that Oracle built
New Zealand Herald, July 7, 2014
Construction of Sir Russell Coutts' beachside mega-mansion is under way in north Auckland, with the first step the removal of three multimillion-dollar houses from the huge section.
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Foundation laid for smaller investors
New Zealand Herald, July 7, 2014
Nine new retail outlets in a 23-unit complex called The Foundation, located in Albany on Auckland's North Shore, will go up for auction later this month offering smaller investors and owner-occupiers the opportunity to secure a slice of the suburb's most recent major retail development.
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City auction draws hot bidding action
New Zealand Herald, July 7, 2014
Two vacant buildings and a car yard site attracted the strongest bidding at a Bayleys Total Property auction in Auckland, and several of the properties sold for well over their reserve.
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Three-in-one Penrose commercial building
New Zealand Herald, July 7, 2014
A high-profile corner site retail showroom, office, and light manufacturing complex in South Auckland, with parking for 15 vehicles, has been placed on the market for sale or lease.
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Garden centre in old Auckland's green belt is set to grow homes
New Zealand Herald, July 7, 2014
The birthplace of the country's biggest garden centre is for sale for the first time in 102 years.
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Landlords are probably not going to get rent increases to match rising interest rates, says Rodney Dickens. That will put house prices at risk he says
Interest.co.nz, July 7, 2014
Property Investors Federation executive officer Andrew King has been advising landlords to put up rents to try and offset the negative impact of mortgage interest rate increases on cashflows and profitability.
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Otago to invest $650m in university expansion plan
National Business Review, July 7, 2014
The University of Otago has approved a building development plan that will cost $650 million over the next 15 years.
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Strong investor demand pushes commercial property yields below 5% in Queenstown
Interest.co.nz, July 4, 2014
Strong investor demand for commercial properties in Queenstown is driving yields down to under 5%, according to Bayleys Research.
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New Plymouth yacht assets on market
National Business Review, July 4, 2014
The failure of Fitzroy Yachts in January is being promoted by Bayleys as an opportunity to create a "marine hub".
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Farms and wineries sell for secret prices
National Business Review, July 4, 2014
Overseas investors are estimated to own about 8.7 per cent of farming land or about 1.3 million hectares.
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SkyCity thinking big for convention centre
Stuff.co.nz, July 4, 2014
SkyCity Entertainment Group has acquired all the central Auckland land needed for its larger convention centre.
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Auckland waterfront plan slammed as 'ghettos for the rich'
New Zealand Herald, July 4, 2014
Up to 600 new apartments, townhouses and duplexes in 17 blocks, six to nine levels high, are planned in the now open areas around Wynyard Quarter but one politician has criticised the scheme as creating "ghettos for the rich".
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Ryman buys Wellington site from Foodstuffs for new development
National Business Review, July 4, 2014
Ryman Healthcare [NZX: RYM], the country's biggest listed retirement village operator and developer, has bought land in Wellington which it plans to turn into a boutique village.
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Wellington developer nabs key Auckland wharf project
National Business Review, July 4, 2014
Welllington property developer Willis Bond has won the contract to build up to 600 residences, the first residential development in the revitalised Wynyard Quarter, on docklands in Auckland near the city's central business district and the earlier Viaduct project that has brought the city closer to its waterfront.
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Housing accord’ results yet to show up
National Business Review, July 4, 2014
The National government's so-called housing accords in Auckland and Wellington have yet to result in any upturn in building consent levels, according to Registered Master Builders Association chief executive Warwick Quinn.
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New Plymouth Council talks up sale of Australia’s biggest dairy farm
National Business Review, July 4, 2014
New Plymouth District Council says it is assessing a "range of indicative offers" for its $152 million dairy interests in Tasmania but is under no pressure from bankers to settle a transaction.
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Tallest tower earmarked for hotel
Stuff.co.nz July 3, 2014
Forsyth Barr House, Christchurch's tallest office tower, is under offer to a developer who wants to convert it to a hotel.
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SkyCity pays $10.7m for key Auckland land
Stuff.co.nz July 3, 2014
SkyCity Entertainment Group has acquired all the central Auckland land needed for its larger convention centre.
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City penthouse 'very special'
New Zealand Herald, July 3, 2014
A luxurious penthouse apartment that is double the size of some houses is expected to sell for millions.
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New Reserve Bank rules zero in on residential investment
National Business Review, July 3, 2014
The Reserve Bank is looking at rules that will require banks to hold different amounts of capital for residential mortgage loans from those for business loans.
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Income loan caps 'better' than LVR: NZIER
Stuff.co.nz, July 2, 2014
Income-based caps on mortgage lending are better than loan-to-value limits for preserving financial stability, the New Zealand Institute of Economic Research says.
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Home-loan changes postponed
Stuff.co.nz, July 2, 2014
The Reserve Bank has delayed the introduction of more home-loan rules for rental properties, but has not bowed to pressure to tone them down or scrap them.
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Dealing with complaints against valuers should become quicker, more transparent under proposed new rules
Interest.co.nz, July 2, 2014
The Government has proposed overhauling the Valuers Registration Board as part of a general tidy up of the way the profession is governed.
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Auckland Council moves to solve land crisis
3 News, July 2, 2014
Auckland's land woes aren't limited to finding space for thousands of new homes.
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Tasty Bin Inn sale in Rotorua hub
New Zealand Herald, July 2, 2014
A Bin Inn store is the latest freehold, individually titled retail outlet to be placed on the market for sale in a continuing sell-down of commercial units within Rotorua's popular Redwood Centre retail and healthcare hub.
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Buy the hirer - veteran firm for sale
New Zealand Herald, July 2, 2014
Gisborne's oldest and only locally owned and operated hire business is being sold as a going concern in leased premises.
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NZ shopping mall stake could be sold for $3b
New Zealand Herald, July 2, 2014
New Zealand's biggest and most valuable collection of shopping malls might be on the market with all nine malls controlled by a new owner.
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Tainui assets top $1B as 20th anniversary of Treaty settlement looms
National Business Review, July 2, 2014
Waikato's Tainui iwi has recorded total tribal assets worth more than $1 billion for the first time since the $170 million settlement of its Treaty of Waitangi claims by the Bolger government in 1995.
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Bill to make building homes cheaper
Stuff.co.nz, July 1, 2014
Labour will support legislation aimed at restricting development contributions and making the building of homes cheaper, giving the bill the numbers it needs to pass.
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Builders upbeat but wary of red tape
Stuff.co.nz, July 1, 2014
The building boom and increasing compliance requirements were hot topics at the Certified Builders conference in Hamilton at the weekend.
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Troubled suburb looks ahead
Stuff.co.nz, July 1, 2014
The death of dairy owner Arun Kumar has Henderson still on edge but Auckland Mayor Len Brown has offered a plan to revive businesses there.
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Labour offers to support Government's bill restricting local government development contributions in move to help affordability
Interest.co.nz, July 1, 2014
The Labour Party has offered to support a final reading of the Government's bill to amend the Local Government Act to control development contributions.
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The Property Council blasts Auckland's NIMBYs, backs high rise development
Interest.co.nz, July 1, 2014
The Property Council has taken a swipe at Auckland NIMBY (not in my back yard) groups opposed to more intensive residential development in their neighbourhoods.
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Suspended tariffs could lower housing cost
3 News, July 1, 2014
Import tariffs on a range of building materials have been suspended, a move that is estimated to bring down the cost of a new home by $3500.
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NZ's top auctioneer named
New Zealand Herald, July 1, 2014
A 24-year old auctioneer, said to be able to speak for 30 seconds without pausing for breath, has won his second auctioneer of the year title.
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Makeover to brighten up thoroughfare
New Zealand Herald, July 1, 2014
Bledisloe Lane between Aotea Square and Wellesley St is being upgraded.
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Wharf rebuff puzzles businessman
New Zealand Herald, July 1, 2014
Auckland Transport has decided not to set up its offices in the renovated Devonport Ferry Terminal building, leaving a local businessman questioning why he was turned down for a lease.
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Fear over plans for Unitec
New Zealand Herald, July 1, 2014
A Unitec lecturer and union representative has complained about development plans for the Mt Albert campus where he works, saying neither staff nor students were consulted.
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Key says local government legislative reforms to development contributions on hold until after election; Key sees NZ$ a "fickle beast" and likely to fall
Interest.co.nz, July 1, 2014
Prime Minister John Key has signalled reforms to Local Government legislation designed to restrict development contributions have been put on hold until after the September 20 election.
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Home alterations are booming in Auckland, the Waikato and Christchurch but slow in Wellington
Interest.co.nz, July 1, 2014
The booming housing market is spilling into home renovation work with a 26% rise in the value of dwelling alteration consents issued in the year to May, compared with the previous year.
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Borrowers rushing to fix residential mortgages in record numbers
Interest.co.nz, July 1, 2014
Borrowers continue to flock to fixed-term home loans with the percentage by value on floating rate mortgages now the lowest since April 2010.
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Centre makes Chch a 'serious destination'
Stuff.co.nz, June 30, 2014
Christchurch convention business organisers are optimistic the city is on the up as a destination. Their belief is backed by a commitment that details for a new convention centre will be announced next month.
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Full range of options among Taupo offerings
New Zealand Herald, June 30, 2014
In Taupo a retail office complex, a hospitality-based commercial development and an industrial property with future development upside are being featured in Bayleys latest Total Property Portfolio.
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Backyard boatshed a hot commodity
New Zealand Herald, June 30, 2014
Properties with boatsheds have become a hot commodity in Auckland's booming housing market - some with price tags up to $14 million.
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Bell's Tea pot of properties
New Zealand Herald, June 30, 2014
Two large East Tamaki properties which produce more than three million tea bags a day are part of a portfolio of Bell Tea industrial properties that have been placed on the market in a corporate divestment sale.
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Closure opens way for marine hub
New Zealand Herald, June 30, 2014
The huge industrial complex previously housing of one of New Zealand's premier luxury yacht-building companies is up for sale near New Plymouth opening up the possibility of a large-scale marine industry hub to replace it.
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Cameron buys more Wairarapa farmland
New Zealand Herald, June 30, 2014
Hollywood film tycoon James Cameron has made two further farm purchases but the prices have been suppressed.
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House affordability falls, build consents up
New Zealand Herald, June 30, 2014
Wages have only gone up $34.53 annually against house prices, which are up by $38,000.
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Employment confidence highest since GFC
New Zealand Herald, June 30, 2014
Employment confidence is at its highest level in nearly six years and Auckland has overtaken Canterbury as the most confident region in the latest Westpac McDermott Miller Employment Confidence Index survey.
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Labour would encourage immigrants away from Auckland and into the provinces through increased incentives
Interest.co.nz, June 30, 2014
The Labour Party says if elected to government it will entice immigrants away from Auckland by increasing incentives for them to accept jobs or establish businesses in regional New Zealand.
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Labour would build 10,000 affordable homes in Canterbury over four years and increase the accommodation supplement in the region
Interest.co.nz, June 30, 2014
Labour says it would build 10,000 affordable new homes in Canterbury over the next four years if it can form a government after the next general election.
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Building consents fall in May as apartment numbers sink
National Business Review, June 30, 2014
The number of dwelling consents issued in New Zealand fell in May as apartment numbers tumbled, offsetting a rise in housing consents.
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Housing demand 'driven by expressway'
Stuff.co.nz, June 27, 2014
Housing development is booming on the Kapiti Coast - and the local council is linking it to the development of the expressway.
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Plan to keep central Auckland square public defeated
New Zealand Herald, June 27, 2014
Strong measures to consider keeping Queen Elizabeth Square in public ownership before it could be privatised for a giant mall have been soundly defeated by the Auckland Council.
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Money, money, money - world's seven most expensive cities
New Zealand Herald, June 27, 2014
If you think buying property in New Zealand isn't cheap, you're right. However, there are some places even more expensive than the City of Sails.
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NZ home loan affordability worsens in May after rise in interest rates, Roost Home Loan Affordability Reports show
Interest.co.nz, June 27, 2014
Home loan affordability worsened slightly across most of New Zealand in May as a rise in interest rates more than offset a small fall in median house prices.
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What the disconnect in the Auckland housing market means for renters and buyers
National Business Review, June 27, 2014
Something has to give in Auckland's residential market - either rents move up more sharply or house prices fall.
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Agents vie for Rawhiti Bowling Club
National Business Review, June 27, 2014
After a year of preparation and a competition among agencies for the listing, the Rawhiti Bowling Club in Remuera is ready for a developer.
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Auckland Council sets higher rates for residents, stable for business
National Business Review, June 27, 2014
Auckland’s average rate rise for the next financial year will be 2.5%, following adoption of a new plan.
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Farmers take over luxury lodge
Stuff.co.nz, June 26, 2014
Self-proclaimed genuine Kiwi farmers have put their passion about people to the test by re-opening a luxury lodge.
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Bold vision for port's potential
Stuff.co.nz, June 26, 2014
Cafes, bars and a commercial marina are part of Lyttelton port's vision for public access onto the harbour front.
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Bars, restaurants and a bank coming to CBD
Stuff.co.nz, June 26, 2014
Plans for a gleaming glass building returning hundreds of workers to central Christchurch have been hailed as a major boost for the city.
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Unitec boss denies seeking housing declaration
New Zealand Herald, June 26, 2014
Unitec says it never applied for its Mt Albert land to be fast-track high-density housing but an Auckland councillor says it not only applied but was rejected.
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John Collyns: Retirement villages help ease housing shortage
New Zealand Herald, June 26, 2014
The Government's Housing Accord with Auckland Council will hopefully go some way to boosting the delivery of much-needed housing by paving the way for 39,000 new homes and sections over a three-year period.
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Gapes back in control of Springpark project
New Zealand Herald, June 26, 2014
Tony Gapes is set to take back control of New Zealand's most intensive affordable housing project after receivers last night confirmed the property developer has settled a company debt.
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Ryman unveils $100m Pukekohe village plan
New Zealand Herald, June 26, 2014
Ryman Healthcare has announced plans to build a new $100 million retirement village in Pukekohe.
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Major supermarkets outline parking fears
National Business Review, June 26, 2014
The two mega supermarket players fear proposed parking restrictions in Auckland will hamper their businesses.
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Wharf plan 'once in a lifetime' opportunity
New Zealand Herald, June 25, 2014
Waterfront Auckland has been asked to "take the lead" to build two large buildings on Queens Wharf in exchange for upgrading the downtown ferry terminal.
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Wellington housing market needs intervention – Smith
New Zealand Herald, June 25, 2014
The Housing Minister says the affordability situation in Wellington isn't quite as bad as Auckland or Christchurch, but still warrants intervention.
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We're not a park, says Unitec boss
New Zealand Herald, June 25, 2014
It is regarded by people in the community as a public park, complains Unitec chief executive Rick Ede, heading back to his office from a stroll around Mt Albert campus.
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Six tourism businesses hit market
New Zealand Herald, June 25, 2014
In an unusual coincidence for a provincial location, six quality hospitality and accommodation businesses in Tasman Bay at the top of the South Island have simultaneously come on to the market.
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Investors eye rapidly changing NZ retirement village industry
New Zealand Herald, June 25, 2014
An American investor with US$500 million ($574 million) has been in New Zealand scouting for retirement village assets and meeting one influential banker.
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Wellington convention centre comes one step closer
New Zealand Herald, June 25, 2014
A purpose-built convention centre and five-star Hilton Hotel in central Wellington has come a step closer to fruition, with the council voting today to support the proposal.
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Development planned for Rotorua CBD
National Business Review, June 25, 2014
Rotorua is set for another significant property development in the CBD with local company R&B Consultants to construct a new, purpose-built site to be leased by the Department of Corrections at the Department's existing location at 1232 Haupapa Street.
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Difficult weather prompts vineyard owners to test market
National Business Review, June 25, 2014
Mt Rosa Estate at Queenstown has been placed in receivership and a liquidation application has been lodged in the High Court.
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Wellington housing accord aims for 7000 new homes over the next five years
Interest.co.nz, June 24, 2014
Wellington City's mayor and the government have agreed on a proposed Housing Accord with the aim of building 7,000 new homes in the city over the next five years.
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Lyttelton to unveil big development plans
National Business Review, June 24, 2014
Media will learn about development plans this week when Lyttelton Port officials take them on a tour.
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Property Council sceptical on $15m gift to ACPL
National Business Review, June 24, 2014
Auckland Council says the extra $15 million it has allocated to its property arm will help drive housing prices down in Auckland but the New Zealand Property Council is sceptical that this will happen.
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Government commences moves to negotiate a special housing accord for Queenstown
Interest.co.nz, June 23, 2014
Queenstown has become the fifth district in the country to be earmarked for a special housing accord.
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Rents in Christchurch are quickly catching up with those in the capital
Interest.co.nz, June 23, 2014
Residential rents appear to have risen twice as much in Christchurch as they did in Wellington City in the year to May, although Wellington rents are still slightly higher overall.
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Annual migration jumps to highest in more than a decade in May
National Business Review, June 23, 2014
New Zealand's annual migration rose to its highest in more than a decade last month, keeping the net inflow at a pace both the Reserve Bank and the Treasury say will drive up demand in the domestic economy this year.
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Can you make your home pay?
Stuff.co.nz, June 23, 2014
What price do you put on your freedom to strut around your own home, fry bacon in the nude (not recommended), or bust out your best Pavarotti impression in the shower?
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Wiri Park land ideal for heavy industry tenants
New Zealand Herald, June 23, 2014
A Wiri industrial subdivision is being developed in South Auckland to provide leasing solutions particularly suited to companies struggling to find well-positioned premises catering for heavy manufacturing activities or which provide sufficient yard space.
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Five Auckland homes nail top design kudos
New Zealand Herald, June 23, 2014
Seven new Auckland and Northland buildings won design awards last night, picked for their outstanding characteristics.
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Despite boost to net worth, not all owners thrilled at runaway housing gains
New Zealand Herald, June 23, 2014
Almost half of New Zealanders who own their own homes are worried about rising house prices despite the fact those increases are boosting their net worth.
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The data on home ownership and the facts about affordability have become highly politicised says Muriel Newman. 'The figures simply don’t tell us the full story'
Interest.co.nz, June 23, 2014
Housing is set to feature strongly in the forthcoming election campaign as a result of widespread concerns about home affordability and the so-called declining rate of home ownership.
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Bernard Hickey argues everyone in the entire economy should care when the Grey Lynn Residents Association blocks the development of a new apartment block on Great North Rd
Interest.co.nz, June 23, 2014
Sheep farmers in Southland and first home buyers in Palmerston North shouldn't have to care about the exact nature of building consents in Grey Lynn.
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Rents are up by 6.7% in some parts of Auckland, while others haven't risen at all
Interest.co.nz, June 23, 2014
Auckland rents have risen by up to 6.7% this year, depending on the type of property and where it is located.
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Auckland's MIT opens breakthrough campus/transport hub
National Business Review, June 23, 2014
A new $125 million Manukau Institute of Technology (MIT) business and IT campus in South Auckland combines education facilities and a transport hub in a nationwide first.
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Chch in growth driving seat
Stuff.co.nz, June 20, 2014
The Christchurch rebuild is clearly playing a large part in driving the country's economic growth, the latest economic data shows.
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Economic growth will keep rate hikes coming
New Zealand Herald, June 20, 2014
New Zealand's economy grew at a 3.3 per cent rate in the year through March, the fastest pace in eight years, supporting the central bank's view that it must press on with interest rate increases to keep inflation at bay.
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Tamsyn Parker: Did you research your rental?
New Zealand Herald, June 20, 2014
Kiwis seem to love buying rental property but I wonder how many people do their homework before they buy a property?
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Construction activity is driving GDP growth but it's still largely an Auckland and Christchurch story
Interest.co.nz, June 20, 2014
The latest GDP figures released today have underlined the importance of construction activity to the economy.
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Olveston House judged best New Zealand landmark
3News.co.nz, June 19, 2014
A little-known house in Dunedin, judged by Trip Advisor, has been declared New Zealand's best landmark.
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Foreign ownership limits wanted
Stuff.co.nz, June 19, 2014
Nearly two thirds of property investors in a recent survey felt there should be some limits on foreign ownership of New Zealand property.
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Auckland's northern building boom
Stuff.co.nz, June 19, 2014
It's boom time. Thousands of homes along with town centres and other facilities are coming on stream during the next few years.
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Unitec wants psychiatric clinic removed
New Zealand Herald, June 19, 2014
Unitec's controversial housing development plans for its 53.5ha Mt Albert site show the Mason Clinic psychiatric facility gone and replaced by apartments and townhouses.
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$1.4b quarterly surplus a record
New Zealand Herald, June 19, 2014
New Zealand recorded a $1.4 billion current account surplus in the March quarter, the largest ever, buoyed by strong export volumes of meat and dairy products and the most favourable terms of trade for 40 years.
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Surging migration means demand for housing in Auckland will outstrip supply by a considerable margin
Interest.co.nz, June 18, 2014
Auckland could be about to face one of its worst housing shortages in more than 10 years due to the current surge in migration.
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Residents ready to revolt as 4 storeys become 7
New Zealand Herald, June 18, 2014
An Auckland developer appears to have council support for a seven-storey apartment building in a four-storey zone that could set a precedent for greater intensification across the city.
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Skellerup to build $30m plant, replacing quake-damaged facility
National Business Review, June 18, 2014
Skellerup Holdings [NZX: SKL], the rubber goods and dairy equipment manufacturer, is to build a $30 million factory at the Wigram Business Park in Christchurch developed by Ngai Tahu Property, to replace its earthquake-damaged facility in the suburb of Woolston.
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Fairfax eyes property market with new acquisition
National Business Review, June 18, 2014
Fairfax will look at matching home sellers with agents as it looks for growth out its latest online investment.
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Home and contents insurance mistakes
Stuff.co.nz, June 18, 2014
The home insurance industry is experiencing a massive overhaul, with the biggest changes in 20 years underway.
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Consumer confidence still high
New Zealand Herald, June 18, 2014
A sluggish housing market, falling dairy prices and rising interest rates have had little impact yet on consumer confidence, which remains at levels last seen during the mid-2000s boom, the Westpac McDermott Miller survey has found.
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Unitec plan to open campus to developers
New Zealand Herald, June 18, 2014
The historic, orange brick ex-Carrington Psychiatric Hospital as heritage apartments, pedestrian and cycle links from Great North Rd to Carrington Rd, hundreds of new residents - that's the vision of the technical institute's chief executive Rick Ede and corporate relations director Darren Horsman for Unitec's campus.
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Going long distance for first home
New Zealand Herald, June 18, 2014
Would-be first home buyers are renting in Auckland, but opting to buy investment properties on the city's outskirts or beyond which are more in their price range.
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Jason Krupp says if urban NZ is serious about tackling housing affordability, local govt and planners must include property prices in their planning
Interest.co.nz, June 18, 2014
Last week Minister for the Environment Amy Adams piled into the Auckland Council over the Unitary Plan, saying the rule set was unlikely to come close to delivering the 300,000 plus houses the city needs over the next 30 years.
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English, Smith and Adams call on Aucklanders to push council to open up more land; tell NIMBYs to do what's right for economy and allow development
Interest.co.nz, June 18, 2014
The Government has followed up its criticism of Auckland's Unitary Plan with a call for ratepayers to push their council to open up more land for new housing for the greater good of New Zealand's economy.
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Yellow seismic warnings to be displayed in Wellington foyers
National Business Review, June 18, 2014
The owners of 670 Wellington seismic-prone buildings tagged with yellow stickers are obliged to display them in foyers.
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Bypass could bring boom for Otaki
Stuff.co.nz, June 17, 2014
The proposed Wellington Northern Corridor, which will see State Highway 1 bypass Otaki, is raising questions about the town's future.
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Council may lose $40m on vacant HQ
Stuff.co.nz, June 17, 2014
Greater Wellington Regional Council stands to lose more than $40 million on its earthquake-prone former headquarters in Wakefield St, says the Taxpayers Union.
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Farm weather forecasting becomes tailor made
Stuff.co.nz, June 17, 2014
The National Institute of Water and Atmospheric Research has developed a weather forecasting service tailor made for a farmer's individual farm. It was launched at this year's Fieldays.
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Ferry tale over for KiwiRail
Stuff.co.nz, June 17, 2014
KiwiRail is giving up on its dream of having a inter-island ferry terminal at Clifford Bay and has put the land it owns there on the market.
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Progressive seeks action in Devonport
New Zealand Herald, June 17, 2014
For more than two years, Progressive Enterprises has wanted a new Countdown on its Devonport land, but now its patience appears to be wearing thin because it can't buy more land.
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Chinese investors treated badly - expert
New Zealand Herald, June 17, 2014
New Zealand's political treatment of Chinese investment in New Zealand "borders on the disgraceful", according to a leading consultant in Shanghai.
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Landlords fight rules for rail link
New Zealand Herald, June 17, 2014
Noise, vibration, trouble sleeping, turning a popular part of Auckland's waterfront and the busy Albert St into a construction site for years, pedestrian and vehicle disruption, negative economic impacts - big-time office block and apartment owners are headed to the Environment Court to fight the $2.86 billion city rail link.
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The Sheep Deer and Cattle Report: Plenty of mud for intensive beef systems but winter still relatively mild
Interest.co.nz, June 17, 2014
Beef schedules have started to spark into life again as supply eases and chilled demand remains, and in the US prices have picked up by 5-7USc per lb.
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Think tank the NZ Initiative takes on the 'compact city ideology' in report advocating freeing up land supply for affordable housing
Interest.co.nz, June 17, 2014
Public policy think tank the New Zealand Initiative says the "compact city ideology" often actually makes problems it's proponents want to solve such as high house prices, congestion, and declining liveability, worse, and councils are better off freeing up land supply for housing.
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Dalton and Barker’s property millions
National Business Review, June 17, 2014
If Team New Zealand needs a loan, should the yachting syndicate look internally?
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Tiny houses provide entry to housing market
3News.co.nz, June 16, 2014
There's nothing unusual about Shaye and Tom Wilson enjoying a cup of tea in their kitchen. But what is unusual is that their kitchen takes up half their home.
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Mortgage restrictions hit sales figures
Stuff.co.nz, June 16, 2014
Mortgage lending restrictions continue to hit the lower end of the property market, new Real Estate Institute (REINZ) figures suggest.
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Pair of commercial properties with live and work possibilities
New Zealand Herald, June 16, 2014
Two mixed-use commercial properties offering live-and-work options for new owners in the Auckland fringe city suburb of Eden Terrace and in the centre of Manukau are among a range of commercial and industrial properties up for sale as part of Bayleys' latest Total Property Portfolio.
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Building a better city waterfront
New Zealand Herald, June 16, 2014
The reuse of rainwater, secure bike parking and community gardens are part of a concerted effort to make Wynyard Quarter the leader of sustainable urban development in New Zealand.
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Ambitious property plans for Unitec site
New Zealand Herald, June 16, 2014
An aerial image of Unitec's ambitious plans for its 53ha Mt Albert campus show dozens of apartments and townhouses squeezed onto its site.
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Banks and multiple house owners have been given more time before implementation of new rules on treatment of loans to residential property investors
Interest.co.nz, June 16, 2014
Banks and multiple house owners have been given more time before the Reserve Bank introduces new rules on the treatment of residential loans to investors with several properties.
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Amy Adams slams Auckland Unitary Plan as insufficient to meet housing demand and likely to worsen affordability; Labour says Govt in 'panic mode'
Interest.co.nz, June 16, 2014
Environment Minister Amy Adams has lodged a 10 page submission with the Auckland Council that slams its Auckland Unitary Plan as too complex, costly and inflexible to solve Auckland's housing shortages.
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Amherst opens new building on anniversary of last big shake
National Business Review, June 16, 2014
The first office building under Christchurch’s new design and planning rules was officially opened last night.
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House sales fall 14.8% in May from year earlier, LVR curbs crimp lower-value sales
National Business Review, June 16, 2014
New Zealand house sales fell in May from the same month last year and the volume of sales below $400,000 tumbled suggesting some heat is coming out of the market and restrictions on low-equity loans are sapping demand at the cheaper end of the market.
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Augusta to syndicate Telecom building
National Business Review, June 16, 2014
Augusta Capital is buying one of the Telecom buildings at 167 Victoria St, Auckland to syndicate it to investors.
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Why the Reserve Bank is still hiking interest rates despite lower inflation
National Business Review, June 16, 2014
Last week's interest rate decision drew more fire than usual, despite governor Graeme Wheeler pretty much sticking to the script outlined in March.
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Farmers relaxed over impact of third OCR hike
New Zealand Herald, June 13, 2014
The rural crowd at the Fieldays say they will take the third Official Cash Rate hike this year on the chin, despite high levels of farm debt.
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Higher rates the flipside of soaring house prices
New Zealand Herald, June 13, 2014
If you live in Auckland and neighbouring houses have sold for unheard-of prices in the past two months, you can expect your home's official value to shoot up.
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Rate hike in July on cards
New Zealand Herald, June 13, 2014
Another increase in the official cash rate on July 24, to 3.5 per cent, is more likely than not, say economists, after the Reserve Bank accompanied its expected rate hike yesterday with a hawkish appraisal of the outlook.
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Industrial zones don't need to look nice but they do need to be efficient
National Business Review, June 13, 2014
Inappropriate regulations that can't support business growth as an unbalanced industrial zone system plague Auckland's unitary plan draft, according to a submission by Fletcher Building Group.
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Prime Minister John Key says the Reserve bank rate increase was predictable.
Stuff.co.nz, June 12, 2014
A mystery bid to build two large commercial buildings on Queens Wharf in exchange for upgrading the downtown ferry facilities appears to be dead in the water.
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Buzz around Queens Wharf bid falls silent
New Zealand Herald, June 12, 2014
A mystery bid to build two large commercial buildings on Queens Wharf in exchange for upgrading the downtown ferry facilities appears to be dead in the water.
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RBNZ hikes OCR 25 bps to 3.25% as expected; leaves forecast track for interest rate rises unchanged
Interest.co.nz, June 12, 2014
The Reserve Bank of New Zealand has increased the Official Cash Rate (OCR) by 25 basis points to 3.25% as widely expected, but has left its forecast track for a rise in short term interest rates to over 5% by early 2016 broadly unchanged.
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Competition hampers Fletcher outlook
National Business Review, June 12, 2014
Fierce competition, low barriers to entry, and commoditised products will hamper Fletcher Building's prospects in the year ahead.
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Mackenzie Country High Country Station tenure review released
National Business Review, June 12, 2014
The Commissioner of Crown Lands has published a preliminary proposal for tenure review of the Irishman Creek Station pastoral lease property next to Lake Pukaki in the South Island Mackenzie Basin.
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Britomart developers reject Auckland unitary plan changes
National Business Review, June 12, 2014
The developers behind Auckland's Britomart precinct say the council's draft unitary plan has altered the strategic direction of its high fashion retail and hospitality district.
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Reserve Bank: Lower inflation track, but more OCR increases still coming
National Business Review, June 12, 2014
Five particularly volatile factors dominate the Reserve Bank's economic outlook, with immigration looming larger than it did a year ago.
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An 'absurd situation' likely with Unitary Plan, says SkyCity
National Business Review, June 11, 2014
With planning under way for the New Zealand International Convention Centre, SkyCity wants to ensure Auckland Council's Unitary Plan allows it continued development of its properties.
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Eden Park development on cards
Stuff.co.nz, June 11, 2014
Developments at Eden Park, including a hotel, more parking and restaurants, are still on the cards despite being rejected by council last year.
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Scoop up this popular cafe site
New Zealand Herald, June 11, 2014
Hobsonville Point's historic Catalina Cafe building has been put on the market after the popular cafe signed a new six-year lease.
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The mortgage or KiwiSaver?
New Zealand Herald, June 11, 2014
The Reserve Bank is expected to increase the official cash rate again tomorrow putting more pressure on mortgage holders budgets.
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Big 4 NZ banks could still meet key capital requirement after 'severe economic shock', IMF says
Interest.co.nz, June 11, 2014
Just what scale of economic downturn could the big four Australian owned banks survive? A pretty large one based on detail contained in the International Monetary Fund's latest report on New Zealand.
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Christchurch's latest innovation
National Business Review, June 11, 2014
Muscle Slab is the name of the latest building foundation methods to emerge from the Canterbury earthquakes.
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Encroaching development threatens $158m Auckland dairy industry — Fonterra
National Business Review, June 11, 2014
Fonterra is concerned about encroaching residential development on its Auckland factories, the dairy giant's submission to Auckland's proposed Unitary Plan reveals.
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Developers push the boundaries
Stuff.co.nz, June 11, 2014
Stick to the rules. That's the call from beleagured Auckland residents facing the prospect of a development on the doorsteps of their heritage villas as the region works to house a fast-growing population.
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Owners' inputs add billions
Stuff.co.nz, June 11, 2014
The total spend for the earthquake rebuild could grow to $50 billion, another $10b above the official estimate, says Canterbury Employers' Chamber of Commerce boss Peter Townsend.
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Driven Aucklanders latch on to capital idea
New Zealand Herald, June 11, 2014
A new lobby group is being formed to play a role in the development of the Auckland waterfront where public spaces are coming under pressure from private interests.
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Economists soften view on rate rise
New Zealand Herald, June 11, 2014
There is solid support from the NZ Institute of Economic Research's monetary policy shadow board for another rise in the official cash rate tomorrow, but it is less emphatic than it was six weeks ago.
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IMF tips NZ economic growth of 3.5pc this year
New Zealand Herald, June 11, 2014
The International Monetary Fund expects the New Zealand economy to grow 3.5 per cent this year before easing back to a 2.5 per cent pace by 2016, in line with its average since the start of the century.
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Global investors happy to meet rising mortgage and SME demand; eyes on MPS bill track
Interest.co.nz, June 11, 2014
NZ swaps and bond yields pushed up a further 2-3bps across curves yesterday.
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Chinese sugar giant funds $12.8m vineyard purchase
National Business Review, June 11, 2014
One of the world's largest sugar refiners, with plans to broaden its business into wine sales and production, is behind the $12.8 million purchase of a Marlborough vineyard.
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US homes keep getting bigger and bigger
New Zealand Herald, June 10, 2014
There was a time during the Great Recession when it looked like Americans were rethinking their mega-homes, reining in their budgets and ambitions and love of the three-car garage.
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IMF: Housing market and China risks for NZ
New Zealand Herald, June 10, 2014
A sharp slowdown in China's growth, financial market volatility, a sustained decline in commodity prices and a drop in house prices are the biggest potential risks facing the New Zealand economy, according to an assessment by the International Monetary Fund.
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Countdowns sprout in Auckland's northwest
New Zealand Herald, June 10, 2014
At Westgate, two Countdown supermarkets will soon stand just 500m or so apart - one of the best indicators, says Progressive Enterprises property general manager Adrian Walker, of growth and demand for new stores throughout New Zealand.
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$1800-a-night AKl luxury waterfront digs planned
New Zealand Herald, June 10, 2014
Plans are progressing for a new Auckland waterfront boutique hotel costing up to $1800 a night and two American-style restaurants employing up to 150 people.
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Seismic issues under-pin award winners
National Business Review, June 10, 2014
ASB North Wharf took top honours at the Property Council New Zealand Rider Levett Bucknall Property Industry Awards 2014.
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Number of city's sub-$400k properties dwindle by a third
New Zealand Herald, June 9, 2014
The number of houses, flats and apartments valued under $400,000 in Auckland dropped by a third in the past 12 months.
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Property Report: Why housing is the new election battleground
New Zealand Herald, June 9, 2014
Labour is putting housing at the centre of its campaign, but the PM is defiant: New Zealand isn't heading for a crash.
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Property Report: The bottom is perkier than you think
New Zealand Herald, June 9, 2014
There has been talk that the LVR speed limits have caused a dramatic drop in sales at the lower end of the market. It seemed to me that in the current rising market the actual number of properties worth less than, say, $400k would be decreasing, so it should be no surprise that the number of sales would also drop.
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Rate rise likely but focus is on message
New Zealand Herald, June 9, 2014
It will be no surprise at all if the Reserve Bank raises the official cash rate again on Thursday to 3.25 per cent - rather the focus will be on what it signals about the timing and extent of interest rate rises beyond that.
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The trade-off for an Auckland Council style compact city plan will always be higher house prices in the long-term, says Jason Krupp
Interest.co.nz, June 7, 2014
At a recent Local Government New Zealand (LGNZ) event on housing affordability, the most telling moment came when economist Arthur Grimes said: “You can have big cheap cities, or small expensive cities, but just don’t say you can have small and cheap.”
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$75m offer for carpark building labelled 'cheeky'
National Business Review, June 7, 2014
A $75 million unsolicited offer on Auckland Council's downtown carpark building has been bagged as "cheeky".
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QV says house prices rose, but annual growth slowed to 8.2% from 8.4% in past month; average price edges up to $471.8k; Auckland prices up 13.1%
Interest.co.nz, June 6, 2014
House prices have grown for the second month after falling earlier in the year, but the average rate of growth is continuing to slow, according to government valuer Quotable Value.
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New research shows the proportion of low-end houses being sold in Auckland hasn't actually dropped at all
Interest.co.nz, June 6, 2014
The commonly accepted and repeated story since the Reserve Bank's introduction of high loan-to-value restrictions in October is that the proportion of houses being sold at the low end of the market has plummeted.
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Christchurch developer signs PwC as anchor tenant for $60m CBD building
National Business Review, June 6, 2014
Christchurch builder developer Armitage Williams Construction is pressing ahead with its prime $60 million riverside CBD office building in the city following the signing of accounting firm PwC as the anchor tenant today.
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Wellington prosperous and happier than most
Stuff.co.nz, June 6, 2014
Wellington is "relatively prosperous", well-educated, wealthy and happy, according to a government report.
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Council offered $75m for car park
Stuff.co.nz, June 6, 2014
Auckland Council has been offered $75 million by two businessmen keen to snap up one of its inner city car park buildings.
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Uncertainty reigning over Auckland's confidence driven housing market, says Squirrel's John Bolton
Internet.co.nz, June 5, 2014
Uncertainty is a key feature of the Auckland housing market right now, with "softness" in the market likely to remain through the rest of 2014, says John Bolton, principal of Auckland mortgage broker Squirrel.
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China Merchant exchange at Gulf Harbour worth $55m
National Business Review, June 6, 2014
China Merchant Properties has obtained Overseas Investment Office approval to buy 4.5ha at Chatham Hill, Gulf Harbour and 10ha at Matua Rd, Huapai.
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Bublitz hired Wolf of Wall Street for Albany Heights' promos
National Business Review, June 6, 2014
Jordan Belfort has chosen not to pursue outstanding debt owed to him by the original promoters and developers of the Albany Heights residential subdivision.
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Tax warning issued for new landlords
New Zealand Herald, June 4, 2014
First time landlords are being warned to check how much tax they may need to pay on rental incomes ahead of the July 7 deadline.
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ANZ economists say with low yields and rising interest rates either Auckland house prices need to fall - or rents need to go up
Interest.co.nz, June 4, 2014
With rising interest rates and low rental yields on Auckland houses, "something has to give", according to ANZ economists.
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In wake of Bank of England talk of limiting mortgage to income multiples, RBNZ points to May 2013 comments that it may look at debt servicing limits in future
Interest.co.nz, June 4, 2014
The Reserve Bank of New Zealand said in May 2013 it may look in the future at the case for limits on debt-servicing capacity in its macro-prudential toolkit.
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ANZ economists say financial markets are now 'under-pricing' the chances of a July RBNZ interest rate hike
Interest.co.nz, June 4, 2014
Financial markets are now under-estimating the likely scope of Reserve Bank interest rate rises - particularly regarding the chances of a July rate hike, according to ANZ economists.
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House building grows at fastest quarterly pace since 2002 in March
National Business Review, June 4, 2014
New Zealand house building activity grew at its fastest pace in almost 12 years in the first quarter as construction ramped up to rebuild the country's second-biggest city and fill a housing shortage in Auckland.
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Tainui buys out partner in Hamilton Riverview Hotel
National Business Review, June 4, 2014
Tainui Group Holdings, which manages the commercial interests of Waikato-Tainui Te Kauhanganui Inc, has bought international hotel chain Accor's 17 percent stake in Hamilton Riverview Hotel, making it the outright owner of two of Hamilton's central hotels.
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Waikato lifestyle lures new businesses
Stuff.co.nz, June 4, 2014
Hamilton is attracting small businesses intent on tapping into the city's combination of growth and laid-back lifestyle.
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Capping mortgages an option
Stuff.co.nz, June 4, 2014
The Reserve Bank has not ruled out capping mortgages based on incomes, a move its British counterpart is considering to cool Britain's property market.
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3500 plants creep up buildings
New Zealand Herald, June 4, 2014
Building exteriors on Auckland's Federal St are sprouting 3500 plants as the new shared-space street project goes vertical.
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Chinese firms' $55.5m land deal allowed
New Zealand Herald, June 4, 2014
One of China's biggest road toll businesses has permission to sell land around Auckland to an associated company in a $55.5 million deal.
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Nick Smith’s housing dream taken to task
National Business Review, June 3, 2014
Housing researcher and co-author of the annual Demographia survey, Hugh Pavletich, has taken umbrage at claims by Housing Minister Nick Smith about housing affordability.
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Vodafone to build $50m South Island HQ in new Christchurch precinct
National Business Review, June 4, 2014
Vodafone says it will develop a new $50 million South Island headquarters in the heart of Christchurch’s new Innovation Precinct.
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Goodman to sell biggest warehouse
National Business Review, June 4, 2014
NZX-listed Goodman Property Trust has put one of the country's largest industrial buildings in Auckland on the market.
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Auckland housing 'might have to get ugly' - English
3 News, May 31, 2014
The Auckland Council estimates that just 800 new homes built over the next three years will be classed as "affordable".
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Digging deep for rail link project
New Zealand Herald, June 3, 2014
Auckland Transport is about to begin buying more than 200 subterranean central Auckland properties for the proposed $2.86 billion City Rail Link.
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A tale of two cities: $1m v $71k
New Zealand Herald, June 3, 2014
A two-bedroom home with its original 1950s bathroom and kitchen and not in one of Auckland's hottest suburbs has sold for $1.08 million.
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Govt lauds progress in Auckland housing market, but opposition says there's now 'back-pedalling' on targets
Interest.co.nz, May 30, 2014
Housing Minister Nick Smith and Auckland Mayor Len Brown say Auckland is on track to exceed its first year target (9000 houses/sections) under the Auckland Housing Accord by almost 1300 dwellings/sections.
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Bernard Hickey argues the Government's one-eyed focus on housing supply is blinding it to the real demand-side drivers behind Auckland's housing un-affordability
Interest.co.nz, June 1, 2014
Ask any optometrist about how easy it is to perceive depth with one eye closed and they'll tell you it's very hard.
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Future of Auckland is smaller homes — Smith
National Business Review, May 31, 2014
Housing Minister Nick Smith says the future of Auckland housing is “smaller, comfortable, affordable product", noting Kiwi homes are twice the size of that in Europe.
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Empty-farm syndrome a big challenge
Stuff.co.nz, May 30, 2014
As more young people leave rural areas for the bright lights, some sheep and beef farmers are wondering who will take over the farm.
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Owner parks caravan on rental market
New Zealand Herald, May 30, 2014
An Auckland landlord wants tenants to rent his caravan without a toilet or shower at his Sandringham property, advertising the "Arabian nights" bargain at $200 a week.
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Buildings consents drop in April - holidays blamed
New Zealand Herald, May 30, 2014
New Zealand building consents issued for residential housing, excluding apartments, fell 5.2 per cent in April following strong gains the previous two months as activity slowed due to public holidays.
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Labour's housing spokesperson says Govt's Auckland Housing Accord is looking 'decidedly shaky'
Interest.co.nz, May 30, 2014
Labour's housing spokesperson Phil Twyford says that one year on from the announcing of the Auckland Housing Accord "not one house has been built" in the special housing areas and National's "flagship" housing policy is now looking "decidedly shaky".
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Building consents for new houses, excluding apartments, fell 5.2% in April, according to Statistics New Zealand
Interest.co.nz, May 30, 2014
There was a boom in approvals sought for new apartments in April, according to new figures from Statistics New Zealand.
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BNZ chief economist says targeting housing market by trying to alter migration flows 'well down on list of things that could usefully be done for housing affordability'
Interest.co.nz, May 30, 2014
Tinkering with New Zealand's migration policy could make matters worse, according to BNZ chief economist Tony Alexander.
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Retirement village owners hoover land as boomers come home to roost
National Business Review, May 30, 2014
Retirement village operators, among the best performers on New Zealand's benchmark stock index the past year, are hoovering up land and preparing for a record building spree in anticipation of an influx of baby boomers born in the nation's post-war golden years.
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Pilot study looks at home ownership
Stuff.co.nz, May 29, 2014
An initiative testing the financial management of Pacific Aucklanders is being launched this weekend.
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All-cash deals change the game in US real estate
New Zealand Herald, May 29, 2014
A growing number of home buyers in the US are bringing an unusual tactic to the negotiating table: an all-cash offer.
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New development opens in Christchurch
3News.co.nz, May 28, 2014
A major new subdivision has officially opened in Kaiapoi, one of several developments planned for the growing Canterbury district.
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Govt promises 39,000 housing consents
3News.co.nz, May 28, 2014
The Government has admitted it will struggle to meet the target of its flagship housing policy.
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Farmers upbeat despite dairy payout drop
Stuff.co.nz, May 28, 2014
Confidence in the rural economy remains high, despite Fonterra telling farmers to brace for a 19 per cent pay cut.
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Smith to push Auckland Council to relax rules on apartment size, yard size, balconies and carparks to speed up new house building
Interest.co.nz, May 28, 2014
Housing Minister Nick Smith will tell the Auckland Council at their Housing Accord meeting on Friday to relax the planning rules it imposes on housing developments to allow the building of more affordable homes.
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Revenue Minister Todd McClay says IRD audits sales reports from fast-moving suburbs to target property speculators
Interest.co.nz, May 28, 2014
Inland Revenue uses real estate sales reports for suburbs with rising house prices to identify possible property speculators, according to Revenue Minister Todd McClay.
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Auckland housing targets will be met - Smith
3News.co.nz, May 28, 2014
Housing Minister Nick Smith says he's confident the target of creating 9000 new homes and sections under the Auckland Housing Accord will be exceeded in its first year.
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More apartment blocks would ease house prices - expert
New Zealand Herald, May 28, 2014
The cost of properties with over-inflated price tags can be brought down with a rapid increase of high rise apartment blocks and granny flats, according to an expert speaking at a property seminar in Wellington tonight.
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House prices: Foreigners used as 'cheap scapegoat' - Smith
New Zealand Herald, May 28, 2014
Blaming foreigners for house price rises in New Zealanders was using a "cheap scape-goat" Housing Minister Nick Smith told a select committee this morning.
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State Services Minister now says $110 mln a year office cost savings will take about six years longer to achieve than earlier promised
Interest.co.nz, May 28, 2014
State Services Minister Jonathan Coleman's indicating that a projected $110 million annual savings on state sector office space is going to take around six years longer to achieve than he said it would less than a year ago.
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Gapes quits directorship at Five Mile development
National Business Review, May 28, 2014
Embattled Auckland developer Tony Gapes has resigned as a director of the company building a major development called Five Mile near Queenstown airport.
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Red zone clearances pick up, rebuild momentum quickens
National Business Review, May 28, 2014
The government's Canterbury Earthquake Recovery Authority says it has cleared 4400 red zoned earthquake-damaged houses out of 7100.
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Auckland's housing crisis is investor-driven, not shortage: NZIER
National Business Review, May 28, 2014
There is no housing shortage in Auckland, where prices continue to rise strongly thanks to investor activity, says the chief economist for the New Zealand Institute of Economic Research, Shamubeel Eaqub.
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Housing problems needs grand plan
Stuff.co.nz, May 27, 2014
The Government has "unfairly blamed" local councils for much of the housing affordability problem, Local Government New Zealand president Lawrence Yule says.
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Key sees Auckland housing market slowing down; says migration not to blame for house prices in long run; defends migration policy
Interest.co.nz, May 27, 2014
Prime Minister John Key has defended the Government's current migration controls, downplaying suggestions the current surge in net migration was increasing either house prices or interest rates in the long run.
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NZIER says a 'sudden stop' in the housing market could put the brakes on the economy
Interest.co.nz, May 27, 2014
Independent research organisation the New Zealand Institute of Economic Research is warning that the recent sharp fall in house sales poses a risk that could "put the brakes" on the currently strong economy.
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Glass not yet full for city
Stuff.co.nz, May 27, 2014
New research from the University of Canterbury says the numbers of restaurants, bars and cafes in Christchurch are almost back to pre-quake levels. But has the city's hospitality industry actually recovered?
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$1.3m state home still empty after 18 months
New Zealand Herald, May 27, 2014
The country's most expensive state home has sat empty for 18 months while neighbours in the same driveway endure rowdy trespassers - sparking a government-ordered review.
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Cunliffe defends helping overseas friend buy house
New Zealand Herald, May 27, 2014
Labour leader David Cunliffe has defended helping a Chicago-based friend buy a house in Omaha, despite saying overseas investors were hurting the housing market.
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Skyscraper a step closer
New Zealand Herald, May 27, 2014
Planning work for New Zealand's tallest new skyscraper is going on behind the scenes.

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Hawke's Bay first home buyers granted millions in loans
Hawke's Bay Today, May 27, 2014
More than $127 million has been lent to Hawke's Bay first home buyers through the Welcome Home Loan scheme since it began.
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Green's Metiria Turei launches policy to spend up to NZ$327 mln over three years to insulate 200,000 homes, including NZ$35 mln for Canterbury
Interest.co.nz, May 27, 2014
Green Party Co-Leader Metiria Turei has announced a policy to spend up to NZ$327 million over three years insulating 200,000 homes, including NZ$35 million set aside for homes in Canterbury.
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Latest bank disclosure statements show some of the big five have drastically reduced their proportion of low deposit lending
Interest.co.nz, May 27, 2014
The Reserve Bank's requirement that no more than 10% of new mortgage lending be to homeowners with less than 20% deposits has had a big impact on the overall high loan-to-value mortgage figures for the big banks.
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Low deposit home lending edges up in April
National Business Review, May 26, 2014
The proportion of home lending with deposits of less than a fifth of a property's value edged up in April, a month after the Reserve Bank embarked on lifting interest rates.
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Going, going...auction makes $17.7m
New Zealand Herald, May 26, 2014
Strong bidding on a wide range of properties at Bayleys' latest Greater Auckland commercial and industrial portfolio auction resulted in 12 out of 15 properties on offer selling for a total of $17,710,000.
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Home is the new flatting for stay-in-the-nest kids
New Zealand Herald, May 26, 2014
More adults are returning to their parents' homes — or never leaving. The 2013 Census showed that just under 150,000 20 to 34-year-olds are living as a child in a family nucleus, up from 131,289 in 2006 and 116,067 in 2001.
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Jolisa Gracewood: Housing a gamble on our future
New Zealand Herald, May 26, 2014
When the OECD this week rated New Zealand houses the "least affordable in the developed world", the Prime Minister laughed off talk of a crisis. I was surprised he didn't trot out the old chestnut about how the Chinese word for "crisis" is made up of the characters for "danger" and "opportunity".
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$35m spent on properties as rail project gathers speed
New Zealand Herald, May 26, 2014
Properties worth $35 million have been bought to secure the route for Auckland's proposed $2.86 billion City Rail Link.
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Banks will need to tread carefully if the RBNZ removes LVR restrictions on home loans, new BNZ CEO Anthony Healy says
interest.co.nz, May 23, 2014
Banks will have to be careful if the Reserve Bank removes restrictions on their high loan-to-value ratio (LVR) residential mortgage lending, says new BNZ CEO Anthony Healy, or the regulator may quickly reintroduce them.
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Property developer says he'll find cash
New Zealand Herald, May 23, 2014
Property developer Tony Gapes will be back in control of one of New Zealand's most intensive affordable housing projects if he settles a debt within the next 20 working days, say receivers.
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RBNZ's latest survey of households shows lowest percentage of people expecting house price rises since 2012
Interest.co.nz, May 22, 2014
There's been a very sharp drop in the numbers of people expecting house prices to keep rising, according to the Reserve Bank's latest quarterly survey of household expectations for June.
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Migration will have little impact on house prices - professor
3 News, May 22, 2014
Restricting migration could help lower house prices, but doing so would be extremely difficult and have little impact, an immigration expert says.
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Springpark home deposits secure, say receivers
New Zealand Herald, May 22, 2014
The receivers of a company developing one of New Zealand's biggest, most intensive affordable housing estates say buyers pre-purchase deposits are secure.
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Parker brandishes papers from Westpac and Treasury supporting Labour's Capital Gains Tax; Joyce says such tax would increase rents for poor. Your view?
Interest.co.nz, May 22, 2014
Labour Finance Spokesman David Parker and Associate Finance Minister Steven Joyce have gone head to head in a dress rehearsal of the debate around Capital Gains Tax expected before the September 20 election.
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Auckland housing 'could screw the whole economy' - English
National Business Review, May 22, 2014
Aucklanders have to be prepared to let the city grow, Finance Minister Bill English says - and he puts the onus back onto Auckland's ratepayers and voters.
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Resort a hot opportunity
New Zealand Herald, May 21, 2014
Maruia Springs Thermal Resort, described as New Zealand's most authentic Japanese-themed tourism venture and "home to the country's most remote ethnic cuisine restaurant", is for sale as a going concern and freehold property.
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New Zealand records its second highest ever net monthly migration gain; 4100 net arrivals in April
Interest.co.nz, May 21, 2014
Immigrants are continuing to pour into the country with the impact likely to be more pressure on the housing market and other areas of the economy.
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Argosy annual profit more than doubles on revaluations, upbeat on 2015
National Business Review, May 21, 2014
Argosy Property [NZX: ARG], which last year raised $86.9 million to fund acquisitions, more than doubled annual profit as new buildings generated more income and the value of its property portfolio and financial instruments gained.
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Farming regional growth beats urban
Stuff.co.nz, May 20, 2014
Farm-based regions led the way for growth in the March quarter, with Northland racing to the top of the charts, according to the ANZ's latest Regional Trends report.
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Council blamed for Auckland housing delays
Stuff.co.nz, May 20, 2014
The Auckland Council is taking too long to issue consents for new houses, Finance Minister Bill English says.
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Kiwi Income profits fall as management goes inhouse
New Zealand Herald, May 20, 2014
Kiwi Income Property Trust, the country's second-biggest listed property investor, posted a 7.8 per cent drop in annual profit as costs from exiting its management contract with Commonwealth Bank of Australia outweighed valuation gains and insurance payments.
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Labour offers bipartisan support to National for a separate RMA reform bill to improve housing affordability
Interest.co.nz, May 20, 2014
Labour Leader David Cunliffe has offered bipartisan support to the National Government for Resource Management Act (RMA) reforms to improve housing affordability, but Prime Minister John Key has rejected it as a hollow promise.
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Key says doesn't accept affordability harder for first home buyers now than when he bought; says plenty of affordable homes in Auckland on Trade Me
Interest.co.nz, May 20, 2014
Prime Minister John Key has rejected suggestions that housing is much less affordable for first home buyers in Auckland than when he bought his first home, saying interest rates were over 20% when he bought and it was much harder to get a big loan.
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Desperation pushing up prices, not investors - REINZ
3 News, May 20, 2014
The head of the country's real estate body says the lack of tents in the Auckland Domain shows there is no housing crisis.
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Ask the Experts: Building 'green' lifts bottom line
Stuff.co.nz, May 20, 2014
It is clear that energy and environmental sustainability are influencing real estate decisions about location, design and construction, workplace design and building operations.
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Homes too dear? 'Only in Auckland and Christchurch'
Stuff.co.nz, May 20, 2014
New Zealand's excessive house prices are confined to Auckland and Christchurch, says a New Zealand economist.
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Amid boom, London falls short on affordable housing
New Zealand Herald, May 20, 2014
The city faces a shortfall of 21,500 homes a year for the next five years, most of it at the cheaper end of the market, a report shows.
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Social housing: Pensioners take on developers
New Zealand Herald, May 20, 2014
A handful of Auckland pensioners have stopped developers in their tracks - but up to 4000 other state tenants are threatened with upheaval in the city's drive to solve a housing crisis.
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Housing crisis worse under Clark's Government
New Zealand Herald, May 20, 2014
Migration pressures which Labour says are contributing to a housing crisis were worse under Helen Clark's Government, Prime Minister John Key said yesterday as yet another report emphasised the high price of homes in this country.
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Labour and Greens pull support for law change
New Zealand Herald, May 20, 2014
Labour and Greens have pulled their support for a law change which cracks down on migrant exploitation because of their concern about significant new powers including warrantless searches of migrants' homes.
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Auckland's $7b plan to pull in tourists
New Zealand Herald, May 20, 2014
Seaplanes, America's Cup yacht charters and the Auckland Harbour Bridge SkyPath are among forecast visitor experiences tipped to help lift Auckland's annual tourism income.
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Support for capital gains tax
New Zealand Herald, May 20, 2014
A capital gains tax would reduce the price it is rational for an investor to pay for a property by as much as 23 per cent, Westpac economists say.
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Key denies house price inflation a "runaway train"; uses Roost reports to say affordability better now than under Labour; says migration controls won't work
Interest.co.nz, May 19, 2014
Prime Minister John Key has used his weekly post-cabinet news conference to defend his Government's record on housing affordability in the wake of an OECD report showing New Zealand housing was the most expensive in the OECD relative to rents.
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Wellington unveils plans for $125m hotel and convention centre
National Business Review, May 20, 2014
Wellington is joining the rush to build new convention centres.
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Cornwall Park Trust sues homeowner for rent
Stuff.co.nz, May 19, 2014
The Cornwall Park Trust Board is suing a homeowner who abandoned a $2.1 million Auckland home when lease payments skyrocketed.
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Bay of Plenty leads surge in farm sales
Stuff.co.nz, May 19, 2014
Bay of Plenty is a farm-buying hot spot as sales and land values increase around many farming areas.
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Climate change a risk to NZ's credit rating
New Zealand Herald, May 19, 2014
Climate change is a mega-trend that will affect countries creditworthiness, and New Zealands worse than most, says Standard & Poor's.
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164 farms were sold in April; prices per hectare rose for all types of farms except forestry units
interest.co.nz, May 19, 2014
Prices for dairy land rose strongly in April in both the Bay of Plenty and Canterbury where they reached regional records.
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Prime Minister hits back at OECD findings of NZ having most expensive housing in world relative to rents
interest.co.nz, May 19, 2014
The Prime Minister's denying that New Zealand has a housing affordability crisis, after a new OECD report found that on one criteria we had the most over-priced houses in the world.
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St James theatre owner awaits bigger offer
National Business Review, May 19, 2014
The owner of Auckland's crumbling but historic St James Theatre says Auckland Council is going to make an offer for the entire complex.
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End of brain drain 'to hit house prices'
Stuff.co.nz, May 19, 2014
A big turnaround in the trans-Tasman brain drain is poised to put new pressure on house prices and has the Government scrambling to build new classrooms.
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'Eyesore' carpark to get new look
New Zealand Herald, May 17, 2014
One of Auckland's ugliest carparking buildings which its owner describes as "an eyesore" is to get a makeover and have apartments built on top.
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Rare mixed zone corner site for sale
New Zealand Herald, May 17, 2014
For sale for the first time in 40 years is a mixed-use property in central Takapuna comprising three connected commercial and residential buildings on a high-profile 610sq m corner site.
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Pricey Olympic offices
New Zealand Herald, May 18, 2014
One of Auckland's oldest homes has become the unlikely headquarters for our Olympics and Commonwealth Games efforts.
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Tradesmen scarce as winter nears
New Zealand Herald, May 19, 2014
If your roof is leaking, your furnace is broken or you need a new gas fire installed, you may have to wait for a tradesperson as the industry struggles to meet a surge of pre-winter demand.
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Bernard Hickey uncovers a startling Treasury scenario that could change the economic and political landscape. It could push mortgage rates up to 9% and make Winston Peters the kingmaker on September 20
interest.co.nz, May 18, 2014
This week's budget was notable for its carefully telegraphed surpluses and the relatively moderate election sweeteners included within its slightly looser fiscal outlook.
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Four of five changes are increases as NZ's largest home loan lender raises rates despite recent wholesale rate falls
interest.co.nz, May 19, 2014
This morning ANZ has changed five of its fixed home loan rates.
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Cunliffe: slash net immigrant numbers from 40,000 a year to as low as 5000
National Business Review, May 17, 2014
Labour leader David Cunliffe made hard work of it on Thursday, both accusing National of stealing Labour's ideas as it strategically swung left ahead of the election, and criticising Budget 2014 as the "fudge-it budget".
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Dollar weakens after Chinese data shows slowdown in property market
National Business Review, May 19, 2014
The New Zealand dollar weakened after Chinese data at the weekend signalled a slowdown in the property market of Asia's largest economy.
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Supply key to curbing house price inflation - English
3 News, May 16, 2014
Finance Minister Bill English is defending his latest Budget against accusations it does nothing to help people get on the property ladder.
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Precinct planning $200m waterfront development
Stuff.co.nz, May 16, 2014
News that listed property developer Precinct Properties will develop up to 46,000 square metres on Auckland's waterfront will be music to the ears of corporate tenants, one commentator says.
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Landlords bag housing WOF
Stuff.co.nz, May 16, 2014
A landlord group stands by its call for heating vouchers and insulation incentives instead of the rental housing "WOF" being proposed by a group of councils.
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Councillors divided over privatisation of Queen Elizabeth Square
New Zealand Herald, May 16, 2014
Auckland councillors are divided on the privatisation of Queen Elizabeth Square in downtown Auckland, but voted 14-7 today to approve in principle the disposal of the land worth upwards of $60 million to Precinct Properties.
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Rental-home failures trigger calls for action
New Zealand Herald, May 16, 2014
Tougher housing regulations on rental properties have been urged after a warrant of fitness trial failed more than 90 per cent of homes it tested.
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Budget 2014: Little to lift spirits of first home buyers
New Zealand Herald, May 16, 2014
Aspiring first-home buyers looking for a leg-up into the property market in yesterday's Budget had little to cheer about as Finance Minister Bill English offered little more than a few dollars off the cost of a new home and a pledge to do what he could to control interest rates.
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Home buyers urged not to wait for LVR lift
New Zealand Herald, May 16, 2014
Don't wait until the restrictions have come off the banks to ask for a home loan if you can buy now - that's the message from mortgage brokers and banking experts.
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RBNZ analysis says it is 'possible' LVR impact on inflation during first year of restrictions may be more than 1%-4% predicted
interest.co.nz, May 16, 2014
The Reserve Bank's 'speed limits' on high loan-to-value lending might end up having a bigger impact on house price inflation during their first year of implementation than the RBNZ originally predicted.
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BUDGET 2014: Imported building products get a leg-up with duty cuts
National Business Review, May 15, 2014
Concerns over the high cost of building materials see the government temporarily cutting tariffs and anti-dumping duties on imported building products to zero, as part of efforts to improve housing affordability.
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Government to temporarily remove duties and tariffs on building materials; Budget 2014 includes NZ$375 mln to accelerate Auckland transport projects
interest.co.nz, May 15, 2014
Facing an election debate over housing affordability in Auckland, the Government has announced plans in Budget 2014 to temporarily drop tariffs and duties on building materials imports to reduce the cost of building a standard house by NZ$3,500. It also announced a loan of over a third of a billion dollars to accelerate transport projects in Auckland.
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Budget to target housing market - economist
3 News, May 15, 2014
Extra spending on paid parental leave and announcements to "improve the efficiencies of the housing market" are tipped to feature in this year's budget.
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Gradual end to lending limits
Stuff.co.nz, May 15, 2014
First-home buyers may get only gradual relief from Reserve Bank speed limits on low-deposit home loans, which may be phased out from the end of the year at the earliest, the central bank says.
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Dairying attracts Maori to Waimate
Stuff.co.nz, May 15, 2014
Waimate's Maori population has increased nearly 20 per cent since 2006, a trend being attributed to the increase in dairying.
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NZ 'fifth choice' for Chinese house buyers
New Zealand Herald, May 15, 2014
New Zealand is the fifth most popular place Chinese buyers look to purchase residential property, says a Chinese website.
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Most rental homes fail warrant of fitness in trial
New Zealand Herald, May 15, 2014
More than 90 per cent of New Zealand rental homes inspected in a pilot warrant of fitness test failed to pass.
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Reserve Bank governor defends home-loan restrictions
New Zealand Herald, May 15, 2014
Reserve Bank governor Graeme Wheeler delivered a trenchant defence of the bank's curbs on high loan-to-value ratio home loans yesterday when challenged by National MP Jami-Lee Ross that the regime had been "almost too effective".
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Ratepayers underpin vested interests' development ambitions
National Business Review, May 15, 2014
The Taxpayers' Union says councils around the country are not telling ratepayers about the cost of capital that ratepayers are underwriting for local authority subsidiaries.
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Central Auckland city square could be sold
New Zealand Herald, May 14, 2014
Auckland councillors will tomorrow consider the privatisation of Queen Elizabeth Square in downtown Auckland for a mall.
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RBNZ's Spencer agrees collecting data on types of house buyers, including foreign buyers, "would be useful," but up to Govt to do it
interest.co.nz, May 14, 2014
The Reserve Bank has agreed with suggestions from Opposition MPs that better data collection on foreign buyers of houses would be useful, but said the bank did not have the power to collect that data and it was a decision for the Government to make.
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Rents soon to hit Auckland levels
Stuff.co.nz, May 14, 2014
Christchurch's average weekly rent will be on par with Auckland's by January, a government report says.
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Owners make $220,000 in a year
New Zealand Herald, May 14, 2014
A plain weatherboard house on Auckland's North Shore sold last week for 94 per cent more than its current valuation.
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Think-big spaces rare opportunity
New Zealand Herald, May 14, 2014
A Wiri industrial subdivision is being developed for companies struggling to find well-located premises that cater for heavy manufacturing activities or that provide sufficient yard space.
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Hole too deep for houses, residents say
New Zealand Herald, May 14, 2014
A community group wants what it says is Auckland City's deepest quarry filled in before new houses are built in the pit deep below ground level.
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Goodman Property boosts profit 72pc
New Zealand Herald, May 14, 2014
Giant listed landlord Goodman Property Trust pushed up annual after-tax profit 72.1 per cent, making $134.1 million in the year to March 31.
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RBNZ says bank system sound, but over-valued housing and high household and dairy debt remain risks; China slump also a risk
interest.co.nz, May 14, 2014
The Reserve Bank of New Zealand has given its half yearly tick of soundness to the financial system, but has again warned about the risks from an over-valued housing market and high household and dairy debt.
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RBNZ’s low-equity home lending limits stifle more sales than expected
National Business Review, May 14, 2014
The Reserve Bank's restrictions on the level of mortgage lending with low deposits took more borrowing out of the system than expected, and have helped douse the property market's potential risk to the nation's financial stability.
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John Armstrong: Battle lines over affordable homes
New Zealand Herald, May 13, 2014
Be warned. The battle between National and Labour for the political high ground on housing affordability is a battle fought in large measure with statistics.
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ASB Housing Confidence Survey finds most people still expecting house price rises and fewer now say it is a bad time to buy
interest.co.nz, May 13, 2014
Despite a combination of the Reserve Bank 'speed limits' on low deposit lending and interest rate hikes being thrown at them, the New Zealand public's still remarkably upbeat about house price prospects.
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Nick Smith says IRD data on foreign ownership of rental properties show it's lower in NZ than Australia
interest.co.nz, May 13, 2014
Housing Minister Nick Smith has revealed he has been briefed by the Inland Revenue Department that its data showed the level of overseas ownership of homes in New Zealand was lower than it was in Australia and not having a major impact on house prices.
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Court ruling on compulsory land grab shifts power to property owners
National Business Review, May 13, 2014
A top lawyer says a recent Supreme Court ruling on compulsory land acquisition could give property owners the upper hand over local government.
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A housing accord for the tourism capital
National Business Review, May 13, 2014
Affordable housing remains a big issue for Queenstown but there may be some relief.
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House sales drop 20% in April as central bank moves bite
National Business Review, May 12, 2014
New Zealand house sales fell 20 percent in April from a year earlier, extending a decline in sales of cheaper property as the Reserve Bank's restrictions on low-equity mortgages and interest rate hikes weigh on buyers.
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State housing moving from provinces to city
3 News, May 11, 2014
The Government looks set to empty state houses in New Zealand's provinces by selling off 5000 properties across the country.
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Seagull design flies away with top award
New Zealand Herald, May 10, 2014
A building whose rooftop has been compared to seagull excrement, a turban, a volcano and a meringue won the country's top architecture award last night.
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Migration key to rates rises
New Zealand Herald, May 10, 2014
The strength of the surge in net immigration will influence both the outlook for interest rates and how long loan-to-value ratio curbs remain in place, says Reserve Bank Deputy Governor Grant Spencer.
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First-home hopefuls cautioned
New Zealand Herald, May 10, 2014
Struggling first-home buyers have been warned to not raise their hopes following signs that curbs on bank lending might be lifted soon, according to banking and real estate experts.
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Cricket gets hit for high-rise
New Zealand Herald, May 10, 2014
The No 2 ground and cricket pitch at Eden Park will be replaced with residential and commercial buildings of up to nine storeys, according to documents obtained by the Weekend Herald.
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Bernard Hickey says everyone would benefit if 'skinny' Auckland could 'fatten up' its city-scape with better transport and cheaper land to lower housing costs
interest.co.nz, May 11, 2014
If only 'skinny' Auckland could fatten up easily then New Zealand in general and Aucklanders in particular would be much better off.
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Unaffordable Queenstown goes on the list for a Special Housing Area
National Business Review, May 9, 2014
The government may add Queenstown to its list of areas where it is working with local government to improve the supply and affordability of housing.
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Christchurch failing to add value to commodities
Stuff.co.nz, May 9, 2014
Exports worth $4.5 billion are flowing through the Christchurch economy each year from Canterbury farms and farm businesses.
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The private developers of Christchurch's abandoned CBD
3 News, May 8, 2014
Christchurch was promised a CBD of the future - a CBD that would be built on lessons from the past and that people would flock to.
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Marrying mushrooms and milk
Stuff.co.nz, May 9, 2014
The Havelock North businessman who owns a mushroom farm to which he is adding a dairy operation says mushrooms and milk will be the perfect mix.
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Policy a threat to dam - Smith
Stuff.co.nz, May 9, 2014
Nelson MP Nick Smith says Labour's irrigation policy would scuttle the Lee Valley dam proposal and hurt the region, but West-Coast Tasman MP Damien O'Connor says such projects must stand on their merits.
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Changes in house value: New QV stats out
New Zealand Herald, May 8, 2014
First home buyer numbers are rising nationwide, despite Reserve Bank attempts to put the brakes on that segment of the market.
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New property plan for downtown Auckland
New Zealand Herald, May 9, 2014
The Auckland Council is in talks to privatise a section of Queen Elizabeth Square as part of a $300 million redevelopment by Precinct Properties of the Downtown Shopping Centre, say sources.
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Insurance Council calls on Govt to include buildings vulnerable to falling ceiling tiles and fittings in rules on Earthquake Prone Buildings
interest.co.nz, May 8, 2014
The Insurance Council is calling for the definition of an 'earthquake prone building' to be extended to cover any building with fittings or internal partitions that might fall in an earthquake.
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RBNZ Deputy Governor: 'Earliest date' for beginning to remove restrictions on low deposit lending will be late this year
interest.co.nz, May 9, 2014
The Reserve Bank says it will be "late this year" at the earliest before it begins the process of removing the 'speed limits' on high loan-to-value lending
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Argosy sells Auckland property for $10.4m
National Business Review, May 8, 2014
Argosy Property [NZX: ARG], the fourth-largest listed property investor on the NZX by market value, has sold its underperforming Mt Wellington property for $10.4 million.
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House values rise at slowest annual pace in seven months in April, QV says
National Business Review, May 8, 2014
New Zealand property values increased at the slowest annual pace in seven months in April after interest rates increased.
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Neighbours at war over Hotchin's Waiheke hideaway
National Business Review, May 8, 2014
Neighbours of a Mark Hotchin-associated luxury Waiheke Island hideaway have gone to court to regain access to the property.
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Auckland needs to grow
Stuff.co.nz, May 8, 2014
Auckland Mayor Len Brown is rejecting a report the city needs to increase its boundaries by 22 per cent if it is to meet its potential.
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Spaceship home is out of this world
Stuff.co.nz, May 8, 2014
A novel home in Nelson has attracted astronomical interest at its first open day. Most who turned up yesterday to see the Port Hills spaceship home admitted it was a blast.
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Fast-track plan for 18,000 Auckland homes + maps
New Zealand Herald, May 8, 2014
The announcement of 41 new "special housing areas" across Auckland will allow 18,000 new homes to be fast-tracked.
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Business group eyes Queens Wharf
New Zealand Herald, May 8, 2014
A company registered in the Cayman Islands wants permission to build two large commercial buildings on Queens Wharf in exchange for upgrading the downtown ferry terminal.
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NZIER calls for Auckland's Metropolitan Urban Limit to be pushed out, highlights twin harbour narrowness restricts availability of well-located land
interest.co.nz, May 8, 2014
Auckland has the opportunity to become a big, globally connected city, but the very growth that helps power the Auckland economy challenges how we live, through rising housing costs and longer commutes.
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London apartment sale sets record
Stuff.co.nz, May 7, 2014
London's red-hot property market has struck a new record with the sale of a £140 million ($272 million) unfurnished apartment, but even the developer of the opulent building warned that some asking prices in Britain were unsustainable.
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Auckland rates to rise again
Stuff.co.nz, May 7, 2014
Property-owners in New Zealand's biggest city face a 2.5 per cent rate rise under the latest budget.
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New Auckland housing areas unveiled + maps
New Zealand Herald, May 7, 2014
Auckland mayor Len Brown and Housing Minister Nick Smith have this afternoon announced a third tranche of "Special Housing Areas" for 18,000 new residences under the Auckland Housing Accord.
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Graeme Wheeler says it's 'encouraging' that dairy farmers are taking a cautious approach to financing
interest.co.nz, May 7, 2014
Reserve Bank Governor Graeme Wheeler has given the country's dairy farmers something of a pat on the back for the way they are handling their finances in what is a heavily indebted sector.
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A-grade office units at Ascot Park
New Zealand Herald, May 7, 2014
Two substantial office units occupied by multinational tenants in the Ascot Office Park in Greenlane are up for tender as part of Bayleys' latest Greater Auckland portfolio.
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Bayswater plan meets mixed reaction
New Zealand Herald, May 7, 2014
The first glimpse of what four-storey apartments could look like in the proposed Bayswater Marina Village has drawn a mixed reaction from North Shore residents but the promoter says so far he has had "great feedback".
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Preserving past takes more than a bit of luck
New Zealand Herald, May 7, 2014
Sometimes, good fortune arrives disguised as disaster. That's what happened on Karangahape Rd in central Auckland.
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New Auckland housing areas to be named today
New Zealand Herald, May 7, 2014
Auckland mayor Len Brown has just announced a "significant" number of new approvals of special housing areas will be revealed today.
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Kiwi income sells remaining interest in Queen St building for $56.3m
National Business Review, May 7, 2014
Kiwi Income Property Trust [NZX: KIP], the country's second-biggest listed property investor, has sold its remaining interest in a Queen Street office building for $56.3 million in the second-part of a two-stage deal.
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$3000 move to Christchurch
National Business Review, May 7, 2014
Work and Income is actively promoting through advertising and direct marketing, job opportunities in Christchurch and surrounding districts to beneficiaries outside the region.
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Hastings Aerodrome for sale
National Business Review, May 7, 2014
Hastings Aerodrome in Hawkes Bay is looking for a new owner.
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No problem at Springbank subdivision, Gapes says
National Business Review, May 7, 2014
All is well in the Gapes empire - despite a few hiccups.
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Overseas buyer for Gore farm
Stuff.co.nz, May 6, 2014
A dairy farm near Gore has been sold to an overseas investor for about $13 million.
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Mud House vineyards sold overseas for $46m
Stuff.co.nz, May 6, 2014
The new owners of Marlborough-based Mud House Wines' brands paid more than $46 million for the wine company's land, according to information from the Overseas Investment Office.
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Coutts barges away old house
New Zealand Herald, May 4, 2014
Russell Coutts' supreme nautical skills were again on display this week when he shipped a homestead by barge off his sprawling seaside section.
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Tiny bedrooms a no-no
New Zealand Herald, May 4, 2014
A rising supply of "flexi-room" apartments has drawn a warning from authorities - people who use the undersized areas as bedrooms could be fined.
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Lawyer warns ownership issues for solar panels could get heated
New Zealand Herald, May 6, 2014
An Auckland lawyer is warning about solar panel issues, saying house buyers and sellers could fall into a trap if they don't know who owns them.
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Affordable? Yes, if you can bid near a million
New Zealand Herald, May 6, 2014
The three-bedroom bungalow with an asking price of nearly $900,000 in Sandringham is "a compelling call to first-home buyers", the agent says. And the "affordable" St Heliers brick and tile with a price tag of $839,000 proves you don't have to "go somewhere west or south to start".
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Oz housing construction approvals high despite dip
New Zealand Herald, May 6, 2014
Australian housing construction approvals have dipped in the past couple of months, but are still at 19-year highs. Home building approvals were down 3.5 per cent in March, following a 5.4 per cent fall in February, according to official figures released yesterday.
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First-home hit: How city compares
New Zealand Herald, May 5, 2014
First-home buyers in Auckland pay almost $200 more a week in mortgage repayments than those starting on the property ladder nationally.
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Kiwi architects make mark in Oz
New Zealand Herald, May 6, 2014
New Zealand architects, including Auckland's much-awarded Andrew Patterson, have been critical of Australian practices winning big jobs here. But now a prominent New Zealand firm has scored a big job across the Tasman and the man behind that claims "architectural parochialism" is dead.
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Farm Focus: Water conservation and effluent management
New Zealand Herald, May 6, 2014
Fonterra has launched a series of videos focusing on responsible dairying initiatives taking place on New Zealand farms.
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Realestate.co.nz reports 6% drop in Auckland house listings in April; national average asking price eases 1.4% to $477.5k
interest.co.nz, May 5, 2014
New houses listings in Auckland slumped by just under 6% on a seasonally-adjusted basis in April, according to Realestate.co.nz.
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Housing estate developer in receivership
New Zealand Herald, May 2, 2014
A company developing one of New Zealand's biggest, most intensive affordable housing estates has been put in receivership. More than 420 apartments and townhouses are planned for the Springpark estate on a 10.5ha site in Auckland's Mt Wellington and the first stage of the development is expected to be completed next year.

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Maori sell ex-navy land to retirement village operator
New Zealand Herald, May 2, 2014
After paying $10 million for a big Auckland waterfront site as part of its Treaty of Waitangi settlement, Ngati Whatua Orakei has sold the bare 4.3ha block to giant listed landlord Ryman Healthcare, resulting in hapu members missing out on the development profits.
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BNZ chief econonomist Tony Alexander says both Labour's Kiwisaver and immigration plans could have the opposite effect to that intended on house prices
interest.co.nz, May 2, 2014
The Labour Party's plan to use changes to Kiwisaver contribution rates rather than interest rate hikes to take steam out of consumer spending would act as an inadvertent boost to house prices, according to BNZ chief economist Tony Alexander.
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Westpac economists see RBNZ relaxing its 'speed limit' on high loan-to-value lending to get closer to original targeted 15% limit
interest.co.nz, May 1, 2014
The Reserve Bank might announce a loosening of the "speed limits" on high loan-to-value lending as soon as this month, according to Westpac economists.
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Fears rate rises will hit builders
Stuff.co.nz, May 1, 2014
Building consents rebounded in March but builders say rising interest rates could put the dampener on the nascent recovery.
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Dot's castle dream inspires
Stuff.co.nz, May 1, 2014
Eccentric entrepreneur Dot Smith's dream of her own castle in rural New Zealand is capturing imaginations.
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Farmer sits on $13.6m land profit
New Zealand Herald; May 1, 2014
A large chunk of residential land for sale will enable the building of hundreds of new homes as the Auckland Council tries to solve the city's housing crisis.
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Sheep and beef farm profits tipped to rise
New Zealand Herald; May 1, 2014
Sheep and beef farm profits are expected to jump 35 per cent over 2013-14 from last year's drought-affected season, with lamb prices expected to hit $100 a head, says Beef and Lamb NZ.
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Three banks change mortgage rates this morning, some up, some down, some market leading
interest.co.nz; May 1, 2014
Changes to bank mortgage rates are coming through faster now with three banks making moves this morning.
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Spike in Auckland consents revives optimism
National Business Review; May 1, 2014
A sharp spike in Auckland building consents in November and December 2013 has driven up growth.
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Latest Reserve Bank figures show the amounts on fixed interest mortages climbed to 63.5% from 60.8% in just a month
interest.co.nz; April 30, 2014
The rush for Kiwi households to fix their mortgage interest rates became a sprint in the past month, according to latest Reserve Bank figures.
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Chinese buy five vineyards
National Business Review; April 30, 2014
Hong Kong-owned QWIL and Accolade Wines have been given the go ahead by the Overseas Investment Office to buy five vineyards from Mud House Wines.
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Property Council calls Auckland plan 'undercooked'
Stuff.co.nz; April 30, 2014
Auckland Council's Unitary Plan has "undercooked" how much commercial land the city will need, the Property Council says.
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Three-in-one site set for hotel spin-off
New Zealand Herald; April 30, 2014
Three retail properties in Havelock North, Hawkes Bay, that are likely to benefit substantially from the construction of a new five-star hotel across the road, are for sale.
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AA makes room for driven buyer
New Zealand Herald; April 30, 2014
An AA vehicle-testing station is about to vacate a large business mixed-use zone site in central Onehunga, offering a range of options for a new owner.
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Bernard Hickey looks at the pros and cons of Labour's big new monetary policy and savings policy tool – the Variable Savings Rate
interest.co.nz; April 29, 2014
It's big and it's hairy and it could change the way monetary policy is run.
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Building consents for new houses, excluding apartments, rose 1.3% in March, according to Statistics New Zealand
interest.co.nz; April 30, 2014
Building activity surged again in the past month, with the most consents issued for new non-apartment houses in a month since November 2007.
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Labour Party says there 'may be a case for varying inward migration and/or work permits in a counter cyclical manner'
interest.co.nz; April 30, 2014
The Labour Party would consider putting the brakes on New Zealand's rate of immigration - citing the impact on house prices as a factor.
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Brownlee dared to act after damning survey confirms rebuild concerns
National Business Review; April 30, 2014
Canterbury Earthquake Recovery Minister Gerry Brownlee is expected to drop a bombshell about the future of the Canterbury Earthquake Recovery Authority.
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BNZ drops 'reliable but not robust' housing survey
National Business Review; April 30, 2014
The BNZ-REINZ residential housing market survey is no more.
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Scrap foreign investment rules, for country's sake – think tank
National Business Review; April 30, 2014
A think tank has called for restrictions on foreign direct investment (FDI) to be removed, saying the country risks driving away overseas capital that could otherwise be invested in business.
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Labour to use KiwiSaver to drop dollar
New Zealand Herald; April 29, 2014
Finance Minister Bill English says Labour's plan to overhaul the rules on compulsory Kiwisaver contributions is "nothing new".
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RBNZ says all banks are within the 10% 'speed limit' over the first six months of LVR restrictions
interest.co.nz; April 29, 2014
The Reserve Bank says high loan-to-value ratio (high-LVR) residential mortgage lending fell to just 5.6% of banks' new mortgage commitments for the six months to the end of March 2014.
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Beachfront project labelled a let-down
New Zealand Herald; April 29, 2014
A big new Takapuna beachfront development started a few weeks ago has left an Auckland councillor unimpressed, saying the scheme is a lost opportunity for a preeminent waterfront site.
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Property selection in popular Wairau Valley
New Zealand Herald; April 29, 2014
A Jesters Pie outlet occupies Unit 1, at 170 Wairau Rd. A standalone complex is for sale at 42 View Rd (top right) and an aerial view of 202 Wairau Rd (below) which is also for sale.
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Andrew Watters: Dairy farm prices in tune with earnings
New Zealand Herald; April 29, 2014
Home owners, sitting on a near tripling of house prices over the past 20 years, are largely immune to warnings that the housing market is overheated.
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Auckland rates: Hot property to drive higher costs
New Zealand Herald; April 29, 2014
Auckland house values have risen up to 51.9 per cent in the past three years, which will impact on rates bills next year.
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Labour promises RBNZ would vary compulsory savings rate as alternative tool
National Business Review; April 29, 2014
A Labour government would use hikes in its compulsory saving to battle inflation, rather than interest rate hikes.
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Foodstuffs retaliates for lease loss by taking over Takapuna development
National Business Review; April 28, 2014
Only months after unexpectedly losing the lease for its Takapuna New World building to rival Progressive, Foodstuffs North Island has signed an unusual deal for a development on Auckland Council-owned land so it can return to the area.
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Labour to unveil plan to lower interest rates
3 News; April 26, 2014
Labour's renewed its calls for the regions to be exempted from the restrictions on low-deposit loans, and the party is also preparing to unveil a plan it hopes will lead to lower interest rates. It involves changing the way the Reserve Bank does its job.
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Cut heating costs and lift value
New Zealand Herald; April 27, 2014
An Auckland house renovated in less than two months is being held up as proof that any home can be made healthier and cheaper to live in.
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Kiwis rush to fix their loans
New Zealand Herald; April 27, 2014
Homeowners are rushing to fix their mortgage interest rates after the second cash rate increase in as many months.
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Bernard Hickey looks at the lessons we should learn from warnings about our over-valued property market and the need for a deposit insurance scheme
interest.co.nz; April 28, 2014
Last weekend's headlines from Forbes warning about a housing crash and 'economic disaster' may well have caused a few Auckland property owners to choke on their Sunday morning croissants.
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Chow brothers to sell site opposite SkyCity, drop plans for super-brothel
National Business Review; April 28, 2014
The Chow brothers are selling their site opposite SkyCity after dropping plans for a super-brothel.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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House prices nearing 2007 peak
New Zealand Herald December 12, 2012
The latest figures from QV.
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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.
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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.
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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.
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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.
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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
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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
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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.
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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.
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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.
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