News

Early exit from tenancy agreements see renters handed expensive bills

Early exit from tenancy agreements see renters handed expensive bills

Tenants wanting to exit a rental early are being loaded up with high fees from property managers and landlords.

Renters' advocates and Consumer New Zealand say it's outrageous but property managers say they're just following the…

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February Auckland house sales hit 17-year high, more than half go for $1m-plus: Barfoot & Thompson

February Auckland house sales hit 17-year high, more than half go for $1m-plus: Barfoot & Thompson

Auckland's largest real estate agency's sales volumes hit a 17-year record and more than half the places it sold last month were for $1 million or more.

Peter Thompson, Barfoot & Thompson managing director, said: "In February we…

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Housing boom 'past peak', prices to fall, interest rates to rise: Westpac chief economist

Housing boom 'past peak', prices to fall, interest rates to rise: Westpac chief economist

House prices are still rising but the market is "past its peak" and mortgage interest rates will rise, Westpac chief economist Dominick Stephens said today.

In his latest Home Truths analysis, he also says Auckland house-building…

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CoreLogic House Price Index shows first sign of Tauranga's looming property slowdown

CoreLogic House Price Index shows first sign of Tauranga's looming property slowdown

New housing market data shows the first signs of a looming slowdown post lockdown and Tauranga could be the first to fall.

The CoreLogic House Price Index for February 2021 suggests a housing slowdown could be on its way with Tauranga…

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Wellington first-home buyers drawing on 'Bank of Mum and Dad' amid soaring deposits

Wellington first-home buyers drawing on 'Bank of Mum and Dad' amid soaring deposits

The bank of Mum and Dad is increasingly present in the capital's housing market, says a Wellington mortgage advisor.

New data released by OneRoof.co.nz on Monday showed Wellington had seen the biggest increase in deposit requirements…

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Property Brokers gets anti-money laundering/terrorism Internal Affairs warning

Property Brokers gets anti-money laundering/terrorism Internal Affairs warning

A national 80-branch real estate agency Property Brokers got the first formal warning in the real estate sector for not complying with anti-money laundering law but the chain's chairman Tim Mordaunt said the state only was trying…

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Christchurch home loan deposits jump $27,000 in one year

Christchurch home loan deposits jump $27,000 in one year

Christchurch first-home buyers will need about 30 per cent more money in their pockets to secure a house.

According to OneRoof, first-home buyers will need to put together a $107,000 deposit which is $27,000 higher than a year ago.

Median…

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Wellington housing market: $171k for a deposit in 2021

Wellington housing market: $171k for a deposit in 2021

First-home buyers in the capital now need to fork out $171,000 for a deposit on a house, new data has shown.

In research conducted by OneRoof.co.nz, released today, Wellington had the sharpest increase in the country, with house…

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Māori leader opposes Erebus memorial, iwi to gather, karakia, meeting tomorrow

Māori leader opposes Erebus memorial, iwi to gather, karakia, meeting tomorrow

A prominent Māori leader opposes the about-to-be-built national Erebus memorial, vowing to take action to stop it, saying the land has significance for iwi and consultation with tangata whenua was inadequate.

Māori Heritage…

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