
Overseas investors escaping tax: Twyford
More than a third of people overseas who own NZ properties are escaping the tax net, an Opposition MP says.
More than a third of people overseas who own NZ properties are escaping the tax net, an Opposition MP says.
Revealed: Ryman's Devonport retirement village plans
The case was brought by a group of owners of an upmarket Bay of Islands apartment block suffering weathertightness issues.
Latest sales figures from the Real Estate Institute show a national median house price rose 5.8 per cent annually.
Off-the-plans buyers in two big apartment complexes have been on-selling for big profits.
A shakeup of the laws New Zealand's $40 billion apartment sector is imminent.
New Zealand's largest listed retirement village operator has had its application to build a huge new village in the Auckland suburb
Landlords should be able to do their own meth-testing of rental properties, says this Auckland man.
Auckland property developers fear that a sudden tightening of bank lending may "throttle" new housing projects despite the city's desperate housing shortage.
Labour has renewed calls to ban foreigners buying New Zealand houses.
NZ's biggest listed retirement village operator Ryman, has set up its own precast concrete factory, as delays hit one of its big building project.
A lawyer says foreigners buy 29 per cent of New Zealand properties, not 3 per cent as reported in official state data.
The number of home loans and amount being borrowed has dipped ahead of further lending restrictions, but one mortgage broker says
A family trust that wants to allow housing on a South Auckland volcano says the housing could be around $500,000-$700,000 - aimed at low- and middle-income earners.
Labour Housing Spokesman Phil Twyford says removing negative gearing is needed to squeeze property speculators out of the housing market.
The number of people who believe their own home is their best investment has jumped up in the last six months and is now the most popular choice.
Overseas residents bought 1749 out of the 57,678 homes sold in New Zealand between April and June, newly-released data shows.
Bay of Plenty first home buyers are being pushed out of the new house market. But why?
All four big banks are now applying new lending restrictions to home loans - six weeks ahead of the Reserve Bank's official September deadline.
Rents are rising fast in regions around Auckland, adding more fuel to the theory that the city's overheated property market is affecting other parts of the country.
Super City property buyers snaffle almost 20 per cent of June home sales in Hamilton and hit Tauranga and Whangarei markets.
COMMENT: Investors have become scapegoats to divert attention from a council that is expensive to do business with and has lacked proactive policies.
Labour and the Greens say the new lending rules won't be enough to slow rapid property price hikes.
A new free residential property database will soon be expanded and more information added.
A new free residential property data base has been launched and expansions plans will soon see new information added.
COMMENT: It's as though a bee smoker has been pointed at Wellington's most famous hive and its inhabitants have become dopey.
Westpac's New Zealand unit is cutting interest-only lending terms to a maximum of five years, in a market where investors are the driving force.
Andy Macleod, the chief executive of the Chinese-owned Pengxin New Zealand Farm Group, has resigned.
Failed Crafar farms buyer May Wang is appealing her convictions and her eight-year jail sentence. Wang, also known as May Hao, was