The National Party says ordinary New Zealanders are bearing the brunt of the government’s extension to the bright-line test. In a bid to cool the housing market, the government doubled the length of time investors have to hold on to additional property to avoid paying tax when they sell. National’s revenue spokesperson Andrew Bayly says […]

The primary mega-trend driving the housing market over the years has been the long decline in inflationary pressures, which has allowed interest rates to drop significantly, increasing the incentive to borrow but also reducing the incentive to save. Amplifying this was the GFC in 2008 and subsequent rate cuts and programmes of quantitative easing overseas. […]

With Auckland’s house prices continuing to climb Aucklanders are deciding to move to the regions for more affordable living. Auckland recorded its first ever population decrease in the year to June. Southland and the West Coast were the only other areas that reported a decline. All other regions have experianced steady population growth which in […]

New Zealand’s national median weekly rent dropped $15 a week month-on-month to $535, Trade Me said in its latest Rental Price Index report. The drop comes after a record-breaking high of $550 a week set in July and August. Rents in New Zealand’s biggest rental market and the city hit hardest by the latest COVID-19 […]

Both Labour and National have agreed to work together to solve housing supply problems. Today Housing Minister Megan Woods and Environment Minister David Parker together with the Leader of the Opposition, Judith Collins announced the Housing Supply Bill which they say will allow as many as 105,500 new homes to be built in under 10 […]

On this page: Alert Level 4 Information for landlords and tenants Alert Level 3 information for landlords and tenants Alert Level 2 information for landlords and tenants Alert Level 1 information for landlords and tenants I/my tenants are having trouble paying rent, what are my options? I can’t move due to COVID-19 restrictions, do I […]

New houses will be exempt for 20 years from changed tax rules aimed at cooling the housing market, but developers of long-term rental developments may be given an incentive. The government has clarified which properties will be exempt from its move to stop property investors being able to offset interest on loans on residential properties […]

The “Golden Triangle” regions of Auckland, Waikato, and Bay of Plenty continue to dominate property development activity in New Zealand, accounting for close to 60 per cent of the annual national building consents issued. Home to just over half of New Zealand’s population (50.18 per cent), The Golden Triangle regions accounted for 52.4 per cent […]

Over the past week, concern has been growing about the bad debts being carried by China’s largest property developer Evergrande. Evergrande is carrying around $447 billion (US$315b) in debt. With Chinese households holding more than 60 per cent of their wealth in the form of property, a default by Evergrande could trigger a much broader […]

Plans for 270 new houses and apartments, a supermarket, shops, eateries, a tavern, a cinema, a gym and an indoor pool have been given the go ahead for Christchurch’s fastest-growing suburb. The Environment Court has approved a proposal from supermarket company Woolworths to build the subdivision on 21 hectares on Halswell Rd, on the north […]