Archive: 2009
POLITICAL & REGULATORY REPORT for MARCH 2009UNIT TITLES BILL – At Select Committee First introduced back in May 2008, the Unit Titles Bill completed its first Parliamentary stage on 5 March.01-04-2009 more >> Kiwibank hikes 2 to 5-year mortgage ratesKiwibank has raised its 2, 3, 4 and 5 year mortgage rates this morning, bringing them into line with the rate hikes announced by the other bigger banks over the last week.01-04-2009 more >> 'Mortgagee sale' can be trick to lure buyersEstate agents are dressing down houses displayed on websites to look like mortgagee sales so they will entice bargain hunters.31-03-2009 more >> Predicted growth surge positive for housingA predicted surge in population growth will have a huge impact on the housing market, says BNZ chief economist Tony Alexander.31-03-2009 more >> Landlords warned over drug ringsLandlords are being warned to watch their vacant rental properties, as they are increasingly becoming used as pick-up and drop-off zones for drug makers.31-03-2009 more >> One plan to cut resource management inertiaGood news for developers and investors is on its way. The Royal Commission on Auckland Governance intends to cut the red tape associated with the Resource Management Act.30-03-2009 more >> Mortgagee sales reach new highMortgagee sale figures have reached a new high, with Auckland hardest hit, latest figures show.30-03-2009 more >> Home-building approvals riseNew Zealand home-building approvals rose for the first time in three months, driven by apartment consents as declining short-term mortgage rates help lure investors back into the property market.30-03-2009 more >> Investment houses 'back to fair value'.House prices have fallen below a fair price that investors should be willing to pay - the first time this has happened since late 2006 - says Westpac Bank.24-03-2009 more >> President's March reportMeeting with Minister of Housing. Assisting with revision of RTA Amendment Bill (no 2). Second survey on property managers. CHRANZ Aged Housing Workshop.24-03-2009 more >> Complaints about stubborn landlordsComplaints against landlords are increasing, with failure to carry out repairs or return bonds the biggest problems for tenants.23-03-2009 more >> Wheeler-dealer sheilas set sights on Kiwi propertyA group of Australian women property investors will arrive in Auckland this week hoping to inspire people to make money their way.20-03-2009 more >> Insolvency changes don’t go far enoughProposed changes to laws surrounding no asset procedures (NAPs), introduced to Parliament this week have been welcomed by property managers. But some say they don’t go far enough.20-03-2009 more >> Online fraudsters targeting landlordsAn offshore-based online fraud is targeting New Zealand landlords.19-03-2009 more >> Have your say on Property ManagersThe Ministry of Justice is conducting a review of Property Managers to consider if their services to property investors should be regulated in any way. The review has been instigated following changes to the real Estate Agents Act, which used to include regulations of Property Managers who were members of the Real Estate Institute.16-03-2009 more >> Real mortgagee sale numbersMortgagee property sales are at an all time high, according to new data released today in the Terralink Mortgagee Sales Report.16-03-2009 more >> A speedy bond refund processMore than 196,000 bonds to the value of $161 million were refunded by the Department of Building and Housing last year. Getting a bond refund is a simple and speedy process, but irregularities in tenant details can result in frustrating delays.16-03-2009 more >> OCR reduced to 3%Reserve Bank of New Zealand Governor Alan Bollard cut the official cash rate by 50 basis points to a record low 3% as expected, signaling the end to the steep easing cycle as the economy hits the bottom of its recession this year.12-03-2009 more >> Real estate market showing positive signs: SurveyFurther signs are emerging that the residential property market is starting to pick up and an expected surge in immigration numbers plus a shortage of new construction will push up house prices.11-03-2009 more >> Residential highlights - February 2009An increase in market activity over the past month has seen median house prices pushed higher in most of the main areas throughout the country, according to the latest Real Estate Institute of New Zealand (REINZ) stats, released today.11-03-2009 more >> Home sales, prices revive in FebruaryNew Zealand home sales rebounded last month and prices picked up, suggesting cheaper borrowing costs are stoking a revival of interest in the real estate market.11-03-2009 more >> Evicted state tenants a concern for landlordsPrivate landlords are concerned about what happens to anti-social tenants, after Housing New Zealand (HNZ) evicted groups with gang associations last week for breaching their tenancy obligations.10-03-2009 more >> House party back on - for lucky fewWith an official cash rate expected next week, experienced and less-seasoned property investors are looking at the housing market and seeing more reasons to buy09-03-2009 more >> Auckland the most positive big cityThere is not a lot of good news in QV's last housing market report, however Auckland appears to be the best of the main urban areas. Find out what's happening in the main areas around the country.09-03-2009 more >> |