
Mary Holm: Banks should cope if housing dives
Whatever lies ahead, your best bet is to avoid any position in which you have to sell - mortgagee sale or not, advises Mary Holm.
Whatever lies ahead, your best bet is to avoid any position in which you have to sell - mortgagee sale or not, advises Mary Holm.
When Graeme Wheeler introduced the Reserve Bank's new rules for property investment in Auckland, he said that it was only one tool to manage the housing crisis.
Head of Auckland's biggest real estate company wants urges $500k deposit for homes worth over $1.5 million and ditching LVR for homes under $500k.
Dampening highly geared speculators' appetite for the Auckland cash-box housing market got the thumbs up from many quarters yesterday.
Editorial: The Government continues to insist unaffordable prices are entirely caused by a shortage of houses, but the bank has long recognised that demand has to be tackled too.
Investor association slams Reserve Bank’s bid to rein in Auckland house prices, saying it will push up rents and ruin first home buyers' chances.
A second banking chief has denied Auckland has a housing bubble, saying many factors were combining to drive prices up including the city's sheer desirability.
Desperate home-buyers have resorted to sleeping in cars overnight in the hope of securing one of 12 sections when they go up for sale this morning.
Homeowners look set to enjoy further interest rate cuts, with a broker tipping historic lows within 12 months.
QV's latest figures show the average property value for the Auckland region has now broken into the $800,000s, fuelled by Auckland City-South.
New Zealand is the second-cheapest country in the world for Chinese property shoppers but also one of the most popular, according to a Chinese real estate site.
Head-to-head bidders are paying tens of thousands of dollars more at auctions than they would for fixed price homes, new figures reveal.
Amidst the debate around the effects of a capital gains tax on the Auckland property market, TV show 'Our First Home' has proven useful.
Waiheke's biggest landowner has lost a challenge over the zoning on parts of its holdings on the island's eastern tip and on a nearby island.
A three-bedroom North Shore "do-up" has earned its owner nearly $1000 a day - just shy of the salary of a High Court judge - in Auckland's red-hot property market.
The average Auckland home earned nearly $230 a day in the past year - about twice what the average worker made in their job.
Andrew Little says a speech from the Reserve Bank deputy governor was effectively saying there was a housing crisis – something John Key had refused to accept.
For the first time in a single month, 10 per cent of all properties sold around the country went for more than $1 million.
New mortgages to Australian landlords dropped the most in three years in February, signalling an easing in the speculator demand for housing that had concerned the Reserve Bank of Australia.
Sales prices increased almost 4 per cent since February, taking the average price of a residence in Auckland to an all-time high of $776,729.
Catherine Smith was 25 when she bought her first home in 1982 - a three-bedroom bay-fronted Ponsonby villa for $55,000.
Real estate firm Bayleys yesterday joined Air New Zealand's Airpoints programme and the airline is on the lookout for more partners.
Houses in eight Auckland suburbs south of the CBD topped national value rises, up a "whopping" 17.9 per cent annually, according to QV data just out.
Mortgage payments for Auckland's most affordable homes are costing first-time buyers nearly half their take-home pay each week, a new report shows.
A property developer's family trust that bought 9000sq m of land in an exclusive Queenstown subdivision must repay $740,000 to liquidators after losing a High Court fight that involved fraudulent....
Part of troubled housing development empire Tribeca Homes has been placed into liquidation by creditors.