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News
Try before you buy: Shortland Street’s bad boy has a bold fix for Auckland’s apartment slump
2+ day, 3+ hour ago (1090+ words) - First-home buyers can trial Olympus apartments for 12 months before deciding whether to purchase. - They pay $700 weekly, with their $10,000 deposit refundable if they withdraw under scheme terms. - Half of rent paid during the trial counts towards deposits for buyers who complete…...
Why a ‘code-compliant’ home is a lower bar than you think
2+ day, 13+ hour ago (898+ words) When you buy a newly built home, it’s reasonable to assume it will be warm, dry, healthy and comfortable year-round. But if the home has not been modelled, builders and buyers are largely basing this on guesswork. Typically, a new…...
‘It’s s***, it’s really, really tough’: Desperate agents turn to side hustles to pay the bills
2+ day, 19+ hour ago (725+ words) - Real estate agents are taking side jobs and selling possessions during a severe property downturn. - Licensed salespeople rose to 12,850, but 3012 licences are inactive. - Lower prices, fewer listings and cautious buyers have squeezed commissions and delayed sales. Real estate agents are…...
Airbnb rules a ‘mess’: Could crackdown send house prices tumbling in NZ’s newest tourism mecca?
3+ day, 20+ hour ago (1413+ words) The housing market in central Christchurch is facing a predicament, and even experts don’t know how it will end. While house prices in the wider city are rising, the outlook for real estate in the CBD is uncertain after a…...
Tony Alexander: Where house prices will rise first and why
4+ day, 20+ hour ago (498+ words) ANALYSIS: Over the past year, average house prices in New Zealand have fallen by 0.4% after lying flat the previous year, rising 0.2% the year before that, and falling 6.8% in the year to July 2023. As things stand, prices are equal to where…...
Offshore buyers return to growing hotel market
2+ week, 1+ day ago (584+ words) New Zealand's hotel investment market is entering a new growth phase, supported by improving tourism fundamentals, renewed interest from international capital and a favourable supply and demand backdrop. Peter Hamilton, Director of Capital Markets - Hotels at CBRE, said the recovery…...
City Rail Link: Warning working from home could limit Auckland property gains
2+ week, 1+ day ago (748+ words) - The $5.5b City Rail Link opens September 13, promising faster journeys across Auckland. - CBRE warns hybrid working may weaken the property-value gains typically associated with major rail projects. - Rail patronage remains below pre-pandemic levels, though Auckland Transport expects CRL trips to rise…...
The crucial thing Kiwis overlook when building their dream home
2+ week, 4+ day ago (881+ words) Choosing a floor plan might seem like the natural first step in building your dream home, but an experienced home builder says it's often the wrong place to start. Instead, Latitude Homes Otago/Southland licensee owner Kurt Laurie encourages Kiwis…...
Multiple options under one roof
3+ week, 1+ day ago (372+ words) At 73 Lake Road Devonport, the appeal is spread over three levels. There’s 175m² of ground-floor retail or showroom space facing one of Devonport’s busiest roads. Below it sits almost 149m² of workshop and storage space, while upstairs is a three-bedroom apartment with its…...
Long-term income starts early in Morningside
4+ week, 1+ day ago (472+ words) A modern, purpose-built early learning centre in one of Auckland’s most connected inner-west city fringe suburbs is for sale, offering investors a well-maintained asset with secure long-term income and the backing of a nationally recognised early education operator. Unit 10, 55 Sainsbury…...