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Buying house 'more than twice as dear as renting' - NZ Herald
(23 Jul 2008)
Buying a house is now almost two and a half times as expensive as renting, according to figures to be presented at a seminar today.
Property Investors Federation vice-president Andrew King says a 25-year mortgage for 90 per cent of the cost of the country's median-priced house, worth $345,000 last month, would currently cost a new home-buyer $745 a week, including rates, maintenance, insurance and an allowance for other costs.
By contrast, the national median rent last month was only $305 a week.
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Bargains galore beyond Bombays - NZ Herald
(20 Jul 2008)
As the property market slump deepens, mortgagee sales are not the only source of bargain buying. For investors willing to look out of Auckland and Wellington, provincial cities are already offering properties for sale considerably below what they were fetching at the peak of the boom.
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Get Rent Wise - Martin Evans, NZ Herald
(19 Jul 2008)
Becoming a landlord in a slow property market can be daunting, particularly if you don't know the first thing about tenancy law.
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Housing slump drives agents out of business
(15 Jul 2008)
The property slump has driven about 10 per cent of Auckland's real estate agents out of the business.
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Dominion Finance considers moratorium - NZ Herald
(18 Jun 2008)
Dominion Finance considers moratorium
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Price of rural land still going up
(17 Jun 2008)
The price for rural land, particularly dairy farms, is continuing to rise.
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Further Slowing in House Prices - Stuff.co.nz
(09 Jun 2008)
New Zealand house price growth continued to slow in May with some areas beginning to show a decline, QV said in its monthly report.
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Housing slump for 3 years - Bollard - NZ Herald
(06 Jun 2008)
Homeowners face at least a three-year wait before properties begin to return to current values, says the Reserve Bank.
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Diana Clement: Timing is a bargain hunter's best friend - NZ Herald
(02 Jun 2008)
Is the property market awash with bargains? If you listen to real estate agents and others who make their money by selling property, you'd think so.
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Tough laws on Tenancy drawn up
(30 May 2008)
Landlords will face tougher sanctions - including $3000 in damages for failing to maintain rental properties properly - under a raft of changes to tenancy laws.
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Falling real estate prices pull National Property profit down
(30 May 2008)
Net annual after-tax profit from listed landlord National Property Trust fell by more than $10 million, a drop its management chief blamed on falling property values.
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Agencies Row over housing market
(28 May 2008)
By Anne Gibson - NZ Herald
As house sales fall and the number of real estate agents is set to decline, two big agencies are engaged in a public scrap over market share.
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Falling house prices could affect homeowners' outlook
(23 May 2008)
Falling house prices could make homeowners feel a lot poorer and may mean they spend much less.
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Floating up, fixing down
(23 May 2008)
Green ink continues to spread across Good Returns' mortgage listings as non bank lenders join the mainstream banks in cutting the cost of fixed rate funds over the one to three year terms.
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90 yr old faces losing he home over Blue Chip
(21 May 2008)
Disgruntled Blue Chip investors are losing their patience.
Blue Chip investors' hopes fade
SFO investigating Blue Chip, Bridgecorp
Gwendoline Harrison is plagued by nightmares about losing her home.
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Boom Time for Renters - NZ Herald
(12 May 2008)
Potential homebuyers are choosing to remain long-term renters - freeing up their savings for less volatile investments.
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Media to Blame for Slump - NZ Herald
(12 May 2008)
It's the media - not the economic cycle or high interest rates driving down house prices, say real estate agents.
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Investments go backwards as global crunch bites- NZ Herald
(30 Apr 2008)
Investments go backwards as global crunch bites
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$300,000 houses on the way - NZ Herald
(21 Apr 2008)
The national average home sale price is tipped to drop to about $300,000 when the market bottoms out - which may not be until 2009.
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Accountants offer free help to Blue Chip Investors
(17 Apr 2008)
Accountants through the country are offering an hour's free time to help struggling Blue Chip investors, The New Zealand Herald reported today.
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Government cracks down on slum landlords - NZ Herald
(11 Apr 2008)
The Government is leveraging reports about "squalid" conditions in two Mangere lodges into a new push to regulate all "slum landlords".
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Winter of discontent predicted for housing market
(10 Apr 2008)
House buyers are waiting for prices to drop, tenants are crying out against big rent hikes and sellers still have unrealistically high expectations.
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Barfoot's Auckland house sales down 56pc in March
(10 Apr 2008)
In another sign the housing market is slowing, Auckland's biggest real estate firm says it sold 56 per cent fewer houses in March this year than it did in March 2007.
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Rents shoot up 7% as landlords feel the pinch - NZ Herald
(26 Mar 2008)
Renters are hurting as much as homeowners - national average rents are up by just over 7 per cent, and the average rental now costs $300 a week.
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Further Mortgage Rises could be on the way - NZ Herald 19th March 2008
(19 Mar 2008)
Homeowners could be facing further rises in mortgage interest rates as world credit markets remain under intense stress.
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