Housing Trust to purchase 50 apartments in Frankton

Press Release – Queenstown Lakes Community Housing Trust

Affordable housing for 50 Queenstown families has been given the green light, with the local housing trust securing finance to invest in Franktons new apartment development. Read more »

No good outcome from ring-fencing losses

Press Release – NZ Property Investors Federation

Stuart Nash announced today that In conjunction with the recently announced extension to the bright-line test, ring-fencing losses from rental properties would make property speculation less attractive and level the playing field between property investors … Read more »

REINZ welcomes the bright-line passing its third reading

Press Release – REINZ

The Real Estate Institute of New Zealand (REINZ) welcomes the fact that the Taxation (Annual Rates for 201718, Employment and Investment Income, and Remedial Matters) Bill passed its third reading in parliament last night in relation to the bright-line … Read more »

CBD retail strips remain tight but rents are static

Press Release – Colliers International

Auckland, March 29, 2018 The CBD retail strips in Auckland and Wellington remain tight but rents are static as retailers wait for the right spaces to become available, Colliers International research has found. Read more »

Over half of rentals don’t have a letting fee

Press Release – NZ Property Investors Federation

Government is looking at introducing a law banning tenants from being able to pay a letting fee when securing a new rental property. Read more »

Mangatawa sign multi-million dollar deal with Mainfreight

Press Release – Mangatawa Papamoa Blocks

Mangatawa Papamoa Blocks Incorporation today signed a commercial lease agreement with global logistics company, Mainfreight Limited. Representing Mainfreight, were Founder and Chairperson, Bruce Plested and Group Managing Director, Don Braid along … Read more »

Argosy enters unconditional sale of Auckland property

Article – BusinessDesk

March 26 (BusinessDesk) – Argosy Property has entered into an unconditional sale of property in Auckland for $31 million, a price that presents a 13 percent premium over its latest book value, the company said in a release to the stock exchange. Read more »

Childcare investment returns $243,100 a year

Press Release – Bayleys

336 Great South Road generates an annual net rental income of $243,100 plus GST. Read more »

Northland Seafood-Themed Wharf Hospitality Venues for Sale

Press Release – Bayleys

Two of Northlands most high-profile food and beverage establishments at the apex of the regions premier tourism destination have been placed on the market for sale. Read more »

Investors Go Shopping for Greater Auckland Retail Premises

Press Release – Bayleys

Entry-level commercial property investors and small portfolio owners are being targeted as the key buyer markets for a quartet of diverse retail properties spread across Greater Auckland which have individually been placed on the market for sale. Read more »

Putaruru DIY Supplies Store Land and Building for Sale

Press Release – Bayleys

One of the biggest commercial properties in the heart of the Waikato township of Putaruru has been placed on the market for sale. Read more »

Auckland Hits New Record While Rental Prices Ease in Capital

Press Release – Trade Me Property

Wellington tenants can breathe a sigh of relief this month after the median rent in the capital cooled in February following a record summer, falling $10 from Januarys record high to $490 per week, according to the latest Trade Me Property Rental Index. Read more »

Should letting fees be abolished?

Press Release – NZPIF

The NZ Property Investors’ Federation (NZPIF) doesn’t think legislation to prohibit the charging of letting fees is required. Read more »

Bill to ban tenant letting fees introduced

Press Release – New Zealand Government

Bill to ban tenant letting fees introduced Legislation banning the charging of letting fees to tenants has been introduced to Parliament, Housing and Urban Development Minister Phil Twyford announced today. Around half of all Kiwis now live in rented … Read more »

Interest rates remain low but high deposits ‘cruel’

Press Release – Century 21 Real Estate

Ongoing low interest rates are little consolation to first-home buyers if the deposit hurdle remains far too high, says Geoff Barnett, National Manager of Century 21 New Zealand. Read more »

Property data shows big jump in residential value

Press Release – New Zealand Property Institute

Property Institute of New Zealand Chief Executive Ashley Church says that new data showing that the residential value of kiwi cities is closing in on $1 trillion dollars is both good and bad news for the New Zealand housing market and wider economy. Read more »

Confidence in residential property near pre-election levels

Press Release – Colliers International

Confidence in the residential property market has bounced back to near pre-election levels, new research shows. Read more »

REINZ Lifestyle: The Trend Continues

Press Release – REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 192 fewer lifestyle property sales (-11.1%) for the three months ended February 2018 than for the three months ended January 2018. Overall, there were 1,530 lifestyle … Read more »

REINZ Rural: An Easing in the Late Summer Market

Press Release – REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 52 fewer farm sales (-11.9%) for the three months ended February 2018 than for the three months ended February 2017. Overall, there were 384 farm sales in the three months … Read more »

Auckland’s latest hot spot suburbs

Press Release – Barfoot and Thompson

New areas of Auckland are feeling the heat according to Barfoot & Thompsons latest list of hot spot suburbs, which has been released twice a year by the company since 2015. Read more »

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