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Property and Real Estate
Fuel shock threatens construction costs surge
Rising fuel prices linked to conflict in the Middle East are expected to drive sharp increases across the construction sector, with experts warning the...
ANZ lifts fixed mortgage and deposit rates
ANZ has raised several fixed home loan and term deposit rates, increasing mortgage rates across one- to five-year terms by 10 to 20 basis...
Late deposit costs Australian home buyer $100,000
An Australian home buyer has lost nearly A$100,000 after paying his property deposit two days late, a ruling that experts warn could also occur...
Inside the mind of a market killer
The Trading Game: A Confession by Gary Stevenson is not your typical finance book. It’s raw, unsettling, and deeply personal—part memoir, part warning, and part...
Tenant ordered to pay $74K for damage and meth contamination
A Papakura tenant has been ordered to pay almost $74,000 after the Tenancy Tribunal found he was responsible for extensive damage and methamphetamine contamination...
Banking Ombudsman rejects complaint over five-year fixed mortgage regret
A couple who locked in a five-year fixed home loan in 2023 and later regretted the decision have failed in a complaint to the...
New Crown directors appointed to Airways and Kiwi Group Capital boards
State Owned Enterprises Minister Simeon Brown has announced the appointment of two new Crown directors to the boards of Airways and Kiwi Group Capital,...
Kushner pulls out of controversial Belgrade redevelopment after legal and public pressure
Jared Kushner, the son-in-law of U.S. President Donald Trump, has reportedly withdrawn from a high-profile real estate project in Serbia following mounting political controversy...
ANZ lifts fixed mortgage rates
ANZ has raised several of its fixed home loan rates, becoming the latest bank to respond to rising wholesale funding costs even as the...
Government sets out new planning system to replace RMA
The Government has announced sweeping changes to the country's planning and environmental management framework, outlining both the structure of the new system and the...
Second Costco store confirmed for Auckland
Costco has announced plans for its second Auckland store, confirming it will be built in Drury on a 6.4-hectare site purchased from Kiwi Property. The...
BlackRock accused of rigging U.S. housing market
Concerns are mounting across the United States over allegations that large investment firms are systematically inflating home prices, pushing ordinary families out of the...
Six more MPs under scrutiny for undeclared properties
An investigation by legacy media outlet NZ Herald has revealed that six MPs failed to declare property holdings under Parliament’s rules, following revelations that...
Inquiry launched into National MP’s undeclared property interests
An inquiry has been launched into National MP for Whanganui Carl Bates after he failed to declare 25 properties linked to him and his...
Auckland Council approves high-rise housing plan
Auckland Council has voted 18–5 in favour of a new housing intensification plan that will allow 10–15 storey high rises to be built around...
Waikato buyers left homeless as real estate agents fined for misleading lifestyle property sale
Buyers of a Waikato lifestyle block say they have been left living in a caravan after discovering their new home was uninhabitable, uninsured, and...
Wealthy foreign investors can buy or build $5m luxury homes
The coalition government has confirmed a new exemption to New Zealand’s foreign buyers ban, allowing wealthy “golden visa” investors to purchase or build a...
£8.5m illegal migrant property fraudster jailed in U.K. after duping 45 victims
Mauritian national Anopkumar Maudhoo has been jailed for 10 years after admitting to 31 charges in one of the UK’s largest property frauds, swindling...
Rural ratepayers revolt over steep Auckland Council rate hikes
Rural Aucklanders are furious over steep and unexpected rate rises, with some households facing increases of 20% to 72%, far above the 5.8% average...
Ōrewa family faces 72% rates hike on land they can’t develop
An Ōrewa family’s annual rates have jumped from $6216 to $10,730 after their 1 hectare lifestyle block’s value rose from $2.68m to $4.135m, reflecting...
Shed and sleepout rules relaxed after red tape complaints
Homeowners will soon face fewer restrictions when building garden sheds, garages, and sleepouts, with the Government moving to ease setback rules by the end...
Auckland property values drop 9% in latest council valuations
Auckland’s new council valuations reveal a nearly 10% drop in average residential property values since 2021, with the updated capital values set to be...
Major banks cut interest rates
Following a 50 basis point cut to the official cash rate (OCR) by the Reserve Bank, all major banks have reduced their floating mortgage...
Auckland homeowners face four-month delay for updated property valuations
Homeowners in Auckland will wait an additional four months for updated capital valuations (CVs), originally due in May 2023, as Auckland Council addresses data...
Spain plans 100% property tax on non-EU buyers to tackle housing crisis
Spain’s Prime Minister Pedro Sánchez has announced a plan to impose a tax of up to 100% on properties purchased by non-residents from outside...
Australian family loses $252K in targeted home purchase scam
Sarah and Laine Robinson’s dream of homeownership turned into a nightmare when they unknowingly transferred $252,000 of their deposit into a scam account just...
Georgia woman arrested while attempting to reclaim home from squatter
A Georgia woman, Loletha Hale, was arrested on December 9 and charged with criminal trespassing and making terroristic threats after attempting to reclaim her...
Falling property prices highlight market shifts
High-end properties across New Zealand, including a $6 million Auckland penthouse now listed for $5 million and a $1.87 million Lower Hutt house asking...
29-year-old arrested over thefts at open homes
Police have closed the door on an alleged burglar who targeted numerous Auckland open homes over recent months. A 29-year-old woman faces numerous charges following...
Vietnamese tycoon ordered to repay $11 billion to avoid execution
Vietnamese property developer Truong My Lan was convicted for large-scale bribery in April and sentenced to death. A Vietnamese property tycoon convicted of large-scale fraud...
Tenant ordered to pay landlord $4K after causing $40K damage to property
A tenant responsible for extensive damage to a rental property, totaling more than $40,000, has been ordered to pay $4085 to the landlord by...
Proposed Auckland housing project sparks concerns over traffic, schools, and community impact
A proposal to construct 87 dwellings in Half Moon Bay, East Auckland, has received substantial opposition from local residents, with over 820 submissions lodged...
Mortgage rate competition heats up, expected to drop below 5% by Christmas
New Zealand's banks are entering a competitive "war" over home loan rates, with mortgage brokers predicting that rates could drop below 5% before Christmas. ANZ's...
Government launches new ‘underwrite programme’ in effort to boost housing supply
The government has introduced a new support programme aimed at stabilising the residential construction market during the country’s economic recovery. Announced by Housing Minister Chris...
Miami real estate mogul found dead during FBI raid linked to alleged murder-for-hire plot
A Miami real estate mogul accused of poisoning his wife with fentanyl was found dead from a self-inflicted gunshot wound during an FBI raid...
Westpac cuts home loan interest rates following Reserve Bank’s shift on OCR outlook
Westpac has reduced its home loan interest rates, becoming the first bank to make such a move after the Reserve Bank of New Zealand...
Mortgagee sales see increase amid economic strain
The rise in mortgagee sales is becoming noticeable, with a 35% increase from the previous year. Despite this, such sales constitute a small fraction of...
Auckland real estate agent challenges mandatory Treaty training in court
Auckland real estate agent Janet Dickson was in court today seeking a judicial review against the Real Estate Agents Authority's (REAA) mandate requiring all...
Property mogul’s multi-million dollar apartment up for mortgagee sale
Nikki Connors is facing the sale of her multi-million-dollar two-bedroom apartment in Auckland's Orakei as a mortgagee sale. Despite signing a sale and purchase agreement...
Commissions and agents decreasing as real estate market faces challenges
The real estate industry is facing tough times, with increased workload and reduced sales leading to a decline in the number of active salespeople. According...