NB: Since writing this article the RBNZ (as predicted) has announced easing of LVR rules effective 1 January 2018. Our analysis of this will be published next week. We have a new government in NZ, finally a decision, and now the burning question is what will the Labour impact be in general and specifically on…
Read MoreHousing – and the cost of it – is one of New Zealand’s hottest political issues. Despite the hyperbole, the fundamentals are sound and it remains one of the best long-term investments according to Alan Henderson, Director of property investment experts Erskine + Owen. As a property investment expert, as well as an experienced residential…
Read MoreAuckland home prices are up more than 20 per cent in the past year. If you’re a buyer from China or the US, they’re not. The slump in New Zealand’s currency has made properties in the country’s largest city a bargain for foreigners, creating a headache for central bank Governor Graeme Wheeler, who has been…
Read MoreIn March, the BNZ-REINZ residential market survey of real estate sales agents reveals an ease in market sentiment, as agents around the country reported most regions to be in equilibrium as buyers began to tentatively re-enter the market after adjusting to last year’s change in lending rules. However, anecdotal evidence from the survey is suggesting…
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Property Prices Set to Rise 5,000%
In 1980 my parents bought a property in Mt Eden for about $56,000. No, I didn’t miss a zero off the end. That is what houses were worth back then in central suburbs. It was a big deal for my parents – 5 kids to house and busting a gut to get into good school…
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