Latest from Residential Property

Home bought, now for a baby

The Malhotra family in Auckland were still hunting for their first dream home when last year's Budget was announced.

Budget 2015: Big plans for more homes

Today's Budget will unveil details of Government plans to partner with private developers to build affordable houses on Crown-owned land in Auckland.

Housing, capital gains tax on wishlist

Development of physical infrastructure has topped a business wishlist for today's Budget, according to a snap poll of EY clients.

Trust seeks Govt help in housing bid

Te Whanau O Waipareira Trust is bidding to enter the city's overheated housing market - and wants the Government to make land available, so it can build at affordable prices.

Weekly rents continue to rise

Median weekly rents continued to grow steadily in the 12 months to April, rising 6.3 per cent to a record-equaling $420 per week, says Trade Me Property's figures.

Fran O'Sullivan: Housing horse bolted

Fran O'Sullivan asks: Why is the Government holding back from stopping cashed-up foreigners from continuing to snap up homes at prices that mainly they can afford?

One in five homes in fast resale

Most Auckland properties sold within two years of purchase are "do-ups" being renovated by young couples rather than investors, a mortgage broker says.

Why you'll pay less on your mortgage

Westpac could join a mortgage-rate battle after Kiwibank and ANZ slashed their home loan rates.

Stats back John Key's house price claims

Data released by REINZ - median national sale prices - does support the Prime Minister’s statement that house prices rose during the previous Labour government.

Warning property investors

KiwiSaver: Doors shut on NZ-grown funds for Aussie home

Up until a couple of months ago it was possible to use KiwiSaver to buy a first home in Australia but all that changed at the beginning of April.

RBNZ housing speech sparked action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for action on house prices was a catalyst for recent announcements.

Easier to tax non-residents

Property tax changes should make it easier to collect tax from foreign investors, say bank economists.

How you could fall foul of new tax rules

The IRD has released a summary of commonly made mistakes by non-professional property investors.

Rule change: 'No huge impact'

The new tax rules will do little to cool Auckland's property market, according to John Key. The city needs more houses.

Money laundering crackdown

Real estate companies are cracking down on money laundering after buyers tried to purchase homes with cash deposits worth hundreds of thousands.

Residents misled by rates hike

A 9.9 per cent average rates rise for Auckland households from July is going down badly with residents and ratepayer groups.

Mansion hoppers on the move

A retired couple who sold their mansion last year for a record $17m bought a $4m clifftop property down the road which they promptly demolished.