Quotable value says New Zealand property values have gone up 1.1 per cent in the last three months.

New Zealand home sales climbed by more than a quarter in January from the same month last year as the market gradually recovers momentum after an extended lull.

Auckland real estate agent Barfoot and Thompson has reported the strongest January sales in four years, with 683 sales - a jump of 21pc from last year.

There were fewer building consents granted for new dwellings last year than in any year since Statistics NZ started collecting the figures in 1965.

Auckland's average house price rose one per cent last month to $573,071, the second highest average sales price for the year.

Kevin Podmore, former managing director of St Laurence has declared himself bankrupt.

Local property investors it seems, are experiencing global dreams...

Major political parties' lack of policies to redress our love affair with housing has bred frustration in economic circles.