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Archive: March 2010

Building consents rise, while apartment approvals drop to 1995 lows

New Zealand’s residential-building consents rose 5.9% to 1,375 units in February from the previous month, in a month characterised by the weakest number of apartments authorised since July 1995.
30-03-2010 more >>

Confidence in housing market slipping

The government's pre-budget tax announcements have had a dramatic impact on confidence in investing in the housing market, according to the latest RaboPlus Financial Confidence Index. Confidence levels have slumped a massive 31%, from -16% in August/September 2009 to -47% in February/March 2010.
30-03-2010 more >>

NZ Treasury pours cold water on leaky home GST relief

The New Zealand Treasury today poured cold water on the hopes of additional financial relief for owners' of leaky homes, saying government would not receive a GST windfall to provide additional funds for these repairs.
29-03-2010 more >>

Too soon to declare easing of mortgagee sales

The number of mortgagee sales was down in January, but that doesn't necessarily mean that the numbers will continue to fall this year.
29-03-2010 more >>

RBNZ expects to catch more borrowers when it hikes OCR

The Reserve Bank of New Zealand expects to capture more mortgage borrowers than it has in the past when it starts hiking interest rates in the middle of the year.
26-03-2010 more >>

Government misled over property taxes

A growing amount of evidence is emerging that the Government has been mislead by the Tax Working Group (TWG) over the merits of increasing the taxation for rental property.
24-03-2010 more >>

Tax rate on some high income earners less than 10%: English

Finance minister Bill English has again taken aim at property investors who offset their tax by using losses in leveraged property.
23-03-2010 more >>

House prices face downwards pressure

House prices are facing downwards pressure as the property market "rolls to a halt" according to ANZ's 10 property gauges.
23-03-2010 more >>

12 lenders cut fixed rates

Economists have been expecting a rise in fixed mortgage rates, however lenders have thrown in a curve ball this week with 12lenders making cuts.
19-03-2010 more >>

Tax Working Group got it wrong

The Government has said the Tax Working Group's (TWG) predictions on how much revenue could potentially be collected from tax on the property investment sector was too radical.
18-03-2010 more >>

Growth stalling, says property indicator

Growth in the property market is petering off, with the Mike Pero Mortgages/Infometrics Property Cycle Indicator (PCI) falling to its lowest level in 18 months.
18-03-2010 more >>

Game of two halves

The housing market appears to be a game of two halves, with some areas seeing substantially more sales activity than others.
17-03-2010 more >>

REINZ residential highlights - February 2010

Our regular monthly round up for New Zealand.
12-03-2010 more >>

Steam still coming out of house sales

Total residential house sales rose sharply in February, compared with a 10 year low-point in January, but seasonally adjusted prices fell and it is taking longer to sell homes as tax-shy investors stay out of the market.
12-03-2010 more >>

Bollard's predictions on interest rates welcome

Reserve Bank governor Alan Bollard kept the official cash rate unchanged at 2.5%, as expected, and reiterated a mid-year start to rate hikes, saying the subdued pace of recovery will restrain inflation.
11-03-2010 more >>

Whangarei: City of 100 opportunities

Jacqui Sorenson knew exactly what to look for when she bought an investment property in Whangarei earlier this year. That's because she's a property manager at Whangarei Real Estate (Just Rentals Northland) and knew what the city's tenants want.
09-03-2010 more >>

QV regional snapshot - February 2010

Property values in February are above the same time last year, with the main urban areas performing well.
08-03-2010 more >>

Values growing at slower pace

House values rose 5.5% in the year through February, though the speed of growth is beginning to slow down, according to QV Valuations.
08-03-2010 more >>

Auckland rental shortage under debate

Rents look set to rise in Auckland as the rental pool drains somewhat, but the extent and reasons behind the drop are under debate.
08-03-2010 more >>

Awarding winning NZ Investment Game offered again at special price

This game invented by Frank Newman has been receiving a great deal of praise since being launched last year. It will be on display at the 2010 NZPIF Conference but you can buy it now.
05-03-2010 more >>

Bargains galore but not much action

The property investment market has largely ground to a halt, despite ample bargains currently available.
04-03-2010 more >>

Listings hit 11-month high in Auckland

Listings in Auckland reached an 11-month high in February and the average sales price reached a historical high for the month, according to Barfoot & Thompson.
03-03-2010 more >>

March '10 Issue

The rules around residential property investment are going to change forever. In our lead feature this month we look at the possible changes, what you can do to prepare for them and how they could affect the market in the future.
01-03-2010 more >>

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