
Migrants not to blame for housing crisis
The housing crisis in areas like Auckland is not a by-product of migrants buying up residential properties, Immigration Minister Michael Woodhouse says.
The housing crisis in areas like Auckland is not a by-product of migrants buying up residential properties, Immigration Minister Michael Woodhouse says.
The Reserve Bank has announced it will lift the ratio of deposits to loans in order to take the heat out of the housing market, writes Gareth Morgan.
Australians are contributing to New Zealand's skyrocketing house prices, with new research showing they bought more property than any other overseas group.
There is no good reason for Jamie Peters' bankruptcy to be extended as he faces Official Assignee claims he still has control of significant assets.
Ex-rich-lister Jamie Peters entered into a finance agreement on a luxury car at a time when he was unable to pay debts when they fell due, the High Court heard today.
Almost $650,000 from the sale of a boat that Jamie Peters had personally used ended up in a bank account which the ex-rich-lister accessed during his bankruptcy.
Former rich-lister Jamie Peters has told the High Court he "barely survived" using $80,000 from a friend's bank account.
'It's obscene.' Housing Minister Nick Smith isn't impressed by the large gains being made by rural land owners, aided by the "straightjacket" of city boundaries.
If house prices start rising faster, it can require lenders to reduce the proportion of the property value they are prepared to lend, writes David Mayes.
A rural village in West Auckland is set for a boost of 330 new homes.
Asian business migrants looking at moving to New Zealand are being urged to invest in real estate to secure their residency.
Owners of apartments in Auckland's five-star Metropolis tower are pitted against one another in battles which have ranged from cat-keeping to who sits on the body corporate.
A resident of New Zealand's tallest apartment tower has lost a bid to injunct body corporate members.
Against a backdrop of rising share prices and a booming Auckland housing market, investor confidence reached its highest level.
Standard & Poor's, the global credit rating agency, has put eight local banks on notice over the rising risk of a housing bubble bursting in New Zealand.
Residential rents could rise and historic buildings might be abandoned, say property chiefs who have mixed feelings about real estate changes in the Budget.
Market players were left unimpressed by a big profit rise at NZX-listed landlord Goodman Property Trust, saying management were the only ones gaining financially.
In the last quarter of 2012, there were 461 mortgagee sales, 11 per cent down from the previous quarter and 24 per cent less than the same quarter the year before, according to statistics released today by Terralink International.
A Property For Industry investor is waiting for more information on a proposal to almost double the size of the $382.2 million NZX-listed business.
Lynette O'Brien supports intensification of Papatoetoe so long as it is not like the "concrete jungle" of stucco townhouses in Shirley Rd.
Business editor Liam Dann is stumped as to what possible benefit the rise in the value of his house offers him.
A national building industry conference has been told that seismic fears are now dominating the sector.
The steady recovery in the commercial and industrial markets of 2012 is expected to increase momentum through 2013, says Bayleys research manager Gerald Rundle.
The voluntary administrators of a beleaguered Australian firm, which froze more than $100 million of Kiwi investments, have softened a statement regarding meeting creditor and investor obligations.
Auckland Council has voted to stay in an organisation that calls itself the voice of commercial property - after rejecting pleas that citizens see a conflict of interest.
A large slice of prime beachfront real estate is shaping up as the next battleground for those opposed to multilevel housing.