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Archive: 2010

Big bill hits fire family

A Piopio family who lost all their belongings in a [rented] house fire have been slapped with a $200,000 insurance bill.
15-07-2010 more >>

Hawkes Bay Property Insider Newsletter July 2010

Property Investment news and local events
14-07-2010 more >>

Govt came close to changing capital gains tax rules on property

Toughening existing tax rules about when the capital gain on a property can be taxed were still under consideration by ministers until relatively late before this year’s Budget, papers released by the Treasury show.
14-07-2010 more >>

Residential highlights - June 2010

Residential house prices firmed last month, according to the Real Estate Institute (REINZ). Find out what is happening in the main residential areas throughout the country.
14-07-2010 more >>

Home sales sink further to second-worst June in 10 years

Residential sales volumes sank to the second-lowest volume in a June month in the past decade as the property market remains mired in the doldrums, according to Real Estate Institute data.
14-07-2010 more >>

Property investors staying put in this buyers' market

A survey of property investors by Quotable Value has confirmed results of an earlier survey run by Landlords.co.nz. Both surveys show that few landlords intend to sell their investment properties because of changes introduced by the government in this year’s Budget.
13-07-2010 more >>

Property investors still sitting on their hands

Property investors are still "sitting on their hands" in the wake of the government's Budget, as values continued to ease last month.
12-07-2010 more >>

QV Main urban areas commentary: June 2010

Property values have fallen nationally, although Hamilton and Tauranga seem to be bucking the trend. Find out what has been happening in the main urban areas throughout the country.
12-07-2010 more >>

Be wary of raising rents

Landlords would be unwise to consider raising rents just yet, unless there is absolute room to do so, according to Barfoot & Thompson.
08-07-2010 more >>

Sellers still keen to meet the market

Sellers remain confident in the residential housing market and appear resolved to focus on attracting what little buyer interest there is rather than on achieving the highest price, according to Realestate.co.nz.
07-07-2010 more >>

Mortgagee sales increase in Auckland and Northland

The number of homes going up for mortgagee sales isn't decreasing, however type of property going to sale is.
05-07-2010 more >>

Winter malaise sets in as Auckland house sales slump

Auckland house sales slumped last month as winter malaise set in among buyers amid declining demand in the property market.
05-07-2010 more >>

Now's the time for maintenance

Landlords should be checking for winter maintenance issues now to ensure the health and life of their properties, according to the Department of Building and Housing (DBH).
02-07-2010 more >>

Rents will rise as house prices fall: Westpac

House prices will fall gently for the next two years before levelling out, but rents will rise because property investment is now returning less because of the October personal tax cuts, says Westpac in its latest housing market update.
02-07-2010 more >>

July '10 Issue

In this issue we profile inspirational property investor, speaker and author Steve McKnight on how property saved his life and why he feels so compelled to spread the property word.
01-07-2010 more >>

Forecasts for housing market off with the fairies

Economic forecasts for robust housing market activity to appear in tandem with rising interest rates over the next two years are “off with the fairies,” according to Rodney Dickens.
30-06-2010 more >>

Commercial building permits in doldrums

New Zealand's commercial property sector stayed in the doldrums last month with permits for new construction down to a five-month low, while consents for new homes, excluding apartments, slid to their weakest level since January.
29-06-2010 more >>

House building starting to rise again

New residential housing construction has already picked up over the first half of 2010 and is predicted to lift by 23% in 2011 as New Zealand's housing shortage continues, according to Westpac.
25-06-2010 more >>

All the banks have now hiked short-term rates

All of the major banks have now lifted their short term mortgage rates with Westpac and BNZ the last two to make changes following the Official Cash Rate (OCR) hike of 25 basis points to 2.75% earlier this month.
23-06-2010 more >>

Continuing pressure on house prices

House prices don't look set to rise any time soon, according to the latest ANZ Property Focus.
23-06-2010 more >>

New Plymouth: Investing in the ‘Naki

Taranaki's main centre is a hive of activity with good investment potential due to the stable nature of the housing market.
18-06-2010 more >>

RBNZ finally gets a response

If ASB had not kicked off mortgage rate increases yesterday, then the Reserve Bank would have started thinking in terms of boosting the Official Cash Rate (OCR) 0.5% in July simply to force the response it wants, says BNZ economist Tony Alexander.
18-06-2010 more >>

Auckland momentum follows rest of country

The Auckland residential property market has come into line with the rest of the country after being ahead in terms of momentum, according to the latest Mike Pero Mortgages-Infometrics Property Cycle Indicator (PCI).
18-06-2010 more >>

Buyers have edge over sellers for now

Residential home buyers have a slight edge over sellers with a solid number of listings and longer selling periods eroding vendors' ability to pick and choose the best bid.
15-06-2010 more >>

Traps for the unwary in qualifying company changes

BDO tax partner Alan Scott says property investors need to look at some of the overlooked parts of the Budget and start preparing for change now.
14-06-2010 more >>

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