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WebTry before you buy: Shortland Street’s bad boy has a bold fix for Auckland’s apartment slump
1+ day, 19+ 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, 5+ 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, 12+ 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, 12+ 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, 12+ 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…...
New Christchurch apartments with Airbnb consent, All things property, under OneRoof
1+ week, 1+ day ago (502+ words) It’s one building and one chance to secure an entire inner-city Christchurch collection in a single move. Twenty-four brand-new one-bedroom apartments in Madras Street, bound by Armagh Street and Oxford Terrace and adjacent to the Margaret Mahy Playground, each carry…...
Offshore buyers return to growing hotel market
2+ week, 16+ hour 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…...
Strategic stake in modern healthcare facility
3+ week, 1+ day ago (509+ words) A high-calibre healthcare asset in Hawke’s Bay is now open to investors seeking an equity interest in the property-owning entity behind one of New Zealand’s most advanced and comprehensively designed primary and urgent care facilities. The asset at 406-410 King Street…...