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Property and Real Estate

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...

Mortgage stress continues despite stable interest rates

Although interest rates seem to have stabilised with the Reserve Bank expected to maintain the official cash rate at 5.5%, the fallout in the...

JP ordered to pay $1 million for selling decaying house in dodgy deal

Justice of the Peace and QSM recipient Davinder Singh Rahal and his company First Trust Ltd have been ordered by the High Court to...

Empty offices – a catalyst for city centre transformation?

As 'hybrid work' becomes the norm, businesses are downsizing, leading to an increase in vacant office spaces. Many companies now prefer smaller, high-quality spaces, a...

Cost of living support for low-income homeowners

Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners. “The coalition...

Tenancy rules changes ‘to improve rental market’ – Bishop

The coalition Government has today announced changes to the Residential Tenancies Act to encourage landlords back to the rental property market, says Housing Minister...

Spain to end golden visa programme

The initiative attracted thousands of foreign investors since 2013, with most buying real estate. Spain is planning to scrap its so-called ‘golden visa’ programme, which...

Prominent Aucklanders come out against 35-year lease of Downtown Port

A coalition of influential Auckland figures, including Sir Stephen Tindall, Lady Pippa Blake, Sir Ralph Norris, and MP Chlöe Swarbrick, has formally objected to...

Winston throws his support behind real estate agent refusing to take ‘woke’ Maori values course

Real estate agent Janet Dickson has refused to participate in a Māori values course, with Deputy PM Winston Peters labeling it as "woke madness"...

Fast track consenting in the fast lane

The Government is progressing changes to resource management laws as part of its 100 Day Action Plan, with the first steps taken to establish...

Tenant wins compensation after finding neighbour in his ceiling cavity

Grey Lynn renter Felino Turner faced multiple disturbances from neighbouring tenants. The property was a house which had been converted into three flats, and was...

Residential home consents down 24 percent

There were 38,209 new homes consented in the year ended November 2023, down 24 percent compared with the year ended November 2022, according to...

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