Mount holiday home sets new revenue record

  A strong summer season for domestic tourism has helped rental revenue for holiday homes surge to record levels, according to new research.   Property... Read More

Housing: Tauranga rule change in the pipeline

Changing city planning rules to allow buildings of up to six storeys within walking distance of town centres, such as Bethlehem Shopping Centre, is on... Read More

REINZ: Further slowdown in property sales

April has brought a further slowdown in sales activity, more moderate price growth and, as properties stay on the market for longer, it appears favourable... Read More

Council floats developers’ contribution policy

A Rotorua developer believes a council proposal to charge developers for infrastructure growth would “kill the goose that lays the golden egg”... Read More

Rotorua council to consider consulting on reserves

A proposal to sell off 10 reserve sites for housing in Rotorua is one step closer to reality, with a council committee to consider recommending it for... Read More

First-home buyer purchases fall to 2014 levels

First home buyers have been the hardest hit by the slowing market with their share of purchases falling to 22.5 per cent in the first quarter of this... Read More

House prices: Rising interest rates start to bite

The latest QV House Price Index shows the housing market is under increasing pressure from rising interest rates. Loan affordability constraints are... Read More

Govt supports grass roots emergency initiatives

Supporting preparations for a potential Alpine Fault rupture on the West Coast is one of several grass roots initiatives benefitting from a Government... Read More

Mercury acquires Trustpower retail business today

Mercury NZ Limited’s acquisition of Trustpower Limited’s retail business for the final acquisition price of $467 million is now unconditional,... Read More

Death of Rotorua child not treated as suspicious

The death of a Rotorua child is believed to be from a falling object. Police have said the sudden death of a child in the Rotorua suburb of Western... Read More

Govt‘s Winter Energy Payment kicks in for Kiwis

A warmer winter is on the horizon for over 1 million New Zealanders receiving either a main benefit or New Zealand Superannuation as the Winter Energy... Read More

Hotels won‘t recover from Covid-19 until summer

Hotel operators will have to wait until the end of the year before they start to see a recovery in their businesses, according to a new report. Property... Read More

Record rents soar to $1000 a week in Tauranga

Rents in Tauranga have broken through the $1000-a-week barrier as properties in the Bay of Plenty remain in short supply and hot demand. A three-bedroom... Read More

Mortgage rates: household debt levels a concern

Households are urged to adjust their personal finances as mortgage interest rates are set to double. CoreLogic NZ's latest property market and... Read More

Rents grow by seven per cent - Trade Me

The national median weekly rent jumped seven per cent year-on-year to reach $575 in March. This matches the record-high annual inflation growth in Q1... Read More