First home buyers and investors compete as a record number of homes get snapped up. Businessdesk’s Brent Melville reports. Almost 10,000 houses changed hands last month, a 29.6% increase on last November. Latest data from the Real Estate Institute of NZ showed that was the highest monthly sales in 14 years. The frantic nature of … Read more
As New Zealand’s property market breaks new records, and politicians wring their hands about what to do, Child Poverty Action Group’s Frank Hogan suggests it’s actually the worst time to promote schemes to get people on the housing ladder. The New Zealand housing market has never looked more like a Ponzi scheme than it does … Read more
Currently, investors are essentially subsidised to outbid homebuyers. Instead, why not give homebuyers a tax cut and make the speculators pay? Have you ever wanted to throw a party but worried no one would come? My wife and I thought of having a party this year to celebrate paying off our mortgage but quickly realised … Read more
Auckland’s property market is increasingly hard to crack for first-home buyers, but co-ownership could be the answer. Executive director of YouOwn, Nigel Spratt explained how it works to Alice Webb-Liddall. Despite the constant headlines about yet another 19-year-old who’s bought a house, the property market seems geared against anyone under 40 purchasing property. Coming to … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Minister proposes big jump in dumping levy, Reserve Bank declines to loosen LVRs, and timeline slips out on major Porirua redevelopment programme. With the volume of rubbish being dumped continuing to increase, the government is planning to put a much higher levy in place, reports Anan … Read more