Latest from Residential Property

American millennials mired in worth gap

The damage inflicted on US households by the collapse of the housing market and recession wasn't evenly distributed.

Property values up 8.8pc

Property values increased at the slowest annual pace in six months in March as high-debt lending restrictions and interest rate hikes weighed on the market.

Brian Gaynor: Watch out for that bubbly feeling...

The bubble word is increasingly being used to describe residential property markets in many countries, writes Brian Gaynor.

High-rise plans hit suburbs

City planners are eyeing almost 16,000 new homes across Greater Auckland - the equivalent of a town the size of Cambridge - to attack the city's housing shortage.

Auckland house sales jump 80pc

Auckland residential property sales rebounded strongly in March after a soft February, according to the city's largest realtor.

Caution over 100% home loan offers

A "financial coaching" company which can avoid new mortgage-lending limits placed on banks is offering 100 per cent finance to families wanting to buy their first home.

Friend's costly betrayal takes toll

An Auckland man who paid a former golfing buddy hundreds of thousands of dollars in "grossly" overcharged legal fees says the ordeal has cost him health and almost everything he owns.

Top luxury homes sell for under CV

A luxury waterfront Herne Bay home has sold for $800,000 less than its dated valuation.

New fear as 'Block' aims high

There is fresh controversy for the new series of DIY reality TV show The Block, with reports multi-storey houses will be built for the first time on the show.

Bernard Hickey: An ugly housing vacuum

Without hard data, a debate about policy can slide off into dangerous places that lead to bad decisions. We're at that point with foreign ownership of homes, writes Bernard Hickey.

Factory build new homes - report

Around $47,000 could be shaved off the cost of each new place built in factories under Labour's planned KiwiBuild 100,000-house scheme, an opposition spokesman says.

Housing NZ complex gets thumbs-up

A Housing New Zealand apartment complex has opened in Auckland and already received praise from its mostly elderly residents.

Auckland landlords lead in capital gains

Auckland landlords are making more capital gains off their rental properties than those elsewhere, a trend predicted to speed up in the next few years.

Consent targets on track - report

Would-be homeowners in Auckland can be optimistic after new figures show the number of consents for new houses, sections and apartments in Auckland are on track.

Legal row at $40m pad

One of New Zealand's most expensive homes is at the centre of a million dollar dispute over a construction botch-up.

Revealed: hidden costs of first home

There's nothing romantic or magical these days about buying your first home. In fact, it's difficult not to come away from the process feeling bloodied, cynical, bitter and poorer.