Property finders - and the real estate agents that work with them - are to be targeted over the coming year for legal action by the Real Estate Agents Authority (REAA). 27-01-2012 more >>
Property finder Dorien Forster has broken her silence over her court battle with the Real Estate Agents Authority (REAA), questioning the role of lawyers in the transaction that led her to the High Court. 27-01-2012 more >>
Blue Chip liquidators have gone to court claiming more than $40 million from former directors and auditors of the failed property investment scheme. 24-01-2012 more >>
Auckland sees strongest December sales since 2006, Wellington numbers down on November and December 2010 and Manawatu/Wanganui sees a 45% year-on-year sales rise. 18-01-2012 more >>
Auckland has overtaken Central Otago Lakes as the least affordable place to buy a house, according to the latest Massey University home affordability report. 12-01-2012 more >>
The Auckland housing market had a strong finish to 2011 with the average selling price up $5,500 on November to $573,071 - the second highest average for the year. 11-01-2012 more >>
Last year ended with Auckland property values at their highest ever level, 1.4% above the 2007 market peak. Wellington values struggled to just 0.4% above 2010 and there were mixed results for the rest of the country. 10-01-2012 more >>
Nationwide property values rose 2.4% over 2011 and are now 3.5% above the 2007 market peak, though the year was also characterised by lower than normal sales volumes. 10-01-2012 more >>
The amount of new listings plunged 35% in December as the property market saw a further tightening of supply, with the shortages most acute in Auckland, Wellington and Christchurch. 09-01-2012 more >>
The start of a new year is an excellent opportunity to examine your rental property, look at the investment environment and make some plans for what you want to achieve over the coming year. By the time you read this, hopefully you will still be on your Christmas break and will have some time to have a good think about what you are doing with your property, free from work or business commitments. 01-01-2012 more >>
TAX WORKING GROUP - Recommendations
The final report of the Victoria University Tax Working Group was released on 20 January.
Residential rental property has been particularly targeted because of the apparent “hole†in the tax base.
29-01-2010 more >>
The revival in residential construction stalled last month in what was a tough December for house vendors, though non-residential building perked up to end the year flat. 29-01-2010 more >>
Property remained the most favoured investment class in the last quarter despite property tax to be introduced in the next budget according to the ASB Investor Confidence survey. 28-01-2010 more >>
The housing market is showing signs of flattening, after rebounding in the middle of last year, according to ANZ's latest property gauges. 27-01-2010 more >>
Tax recommendations presented to the Government have been criticised as "an orchestrated attack on residential landlords" by the Property Investors' Federation vice-president. 21-01-2010 more >>
Real estate industry insiders have mixed views on some of the Tax Working Groups recommendations, which are designed to start taxing property investments harder. 21-01-2010 more >>
Press Release:
The Property Investors’ Federation is concerned about the high level of misinformation around taxation of rental property. 20-01-2010 more >>
Residential property investors face a double-whammy under proposals unveiled today by the Tax Working Group which could raise $2 billion from a sector currently costing taxpayers $150 million a year. 20-01-2010 more >>
House prices rose in 11 of the 12 regions throughout the country in December last year. Find out what else is happening in the main areas. 19-01-2010 more >>
The Inland Revenue is sticking with its controversial views on depreciation of residential rental property - but not winning a lot of support. 19-01-2010 more >>
New Zealand house prices edged up in December as the property market continued to recover from its trough last year, though activity was at a "concerning" low level. 18-01-2010 more >>
