Bidders ‘scrapping it out’ at house auctions
Bidders ‘scrapping it out’ at Christchurch house auctions
Two bidders ended up in “an all-out scrap" for a Christchurch house that sold at auction for $1.575m.
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Historic home could be city’s most expensive
Historic Dunedin home could be one of city’s most expensive
A grand estate built by a former Dunedin lawyer and politician is for sale for only the fourth time in its 100-plus year history, and it could be one of the city’s most expensive houses.
Dunedin home values drop further: QV report
Dunedin home values drop further: QV report
Dunedin's residential property market looks set to end the year with a whimper rather than a bang, QV’s house price index says.
Ping-pong bidding pushes price of Wanaka pad to $2.26m
Ping-pong bidding pushes price of Wanaka pad to $2.26m
A large number of properties in Queenstown, Wanaka and Southland were on the slate last week and more than half were snapped up by both out of town and local buyers.
Economist warns of 9.5% mortgage rate peak
Economist warns of 9.5% mortgage rate peak
The floating mortgage rate could go as high as 9.5 percent by midway through next year, while popular one- and two-year fixed mortgage rates are likely to stay higher for longer.
Housing market feels the pinch
Christchurch housing market feels the pinch
There are currently more properties for sale in Christchurch at the moment than there have been in the last three years - and they are taking longer to sell.
More houses likely to sell at a loss: CoreLogic
More houses likely to sell at a loss: CoreLogic
A property analyst is predicting up to a quarter of residential property listings will sell at a loss if mortgage rates continue their upward trajectory and unemployment picks up.
What can $1 million buy in the current housing market?
What can $1 million buy in the current housing market?
The housing market has experienced a sharp turnaround over past year, with double-digit declines in value in all the main centres.
Homeowners told not to panic
Homeowners told not to panic
Financial experts say homeowners do not need to panic in the face of negative equity and rising interest mortgage rates.
Negative equity warning as rising interest rates test NZ’s financial resilience
Negative equity warning as rising interest rates test NZ’s financial resilience
Some households and businesses will be challenged by rising interest rates, and financial institutions should take a long-term view in supporting their customers, the Reserve Bank governor says.
Calls to stop housing intensification
Calls to stop housing intensification in Christchurch
The vast majority of residents want Christchurch City Council to halt its plans to intensify housing in the suburbs.
Cost of building a new home soars
'Swiftest rise in a decade': Cost of building a new home soars
The cost of building a new home is increasing at its fastest rate on record, owing to persistent labour and material shortages.
House price dip more severe in Auckland as downturn sets in nationwide
House price dip more severe in Auckland as downturn sets in nationwide
House prices are falling in Auckland quicker than elsewhere in the country.
Inside the world of super-rich grand designs
Inside the world of super-rich grand designs
New Zealand’s rich and famous don’t just want the most luxurious, expensive home on the block: They want a work of art.
House prices fall to levels last seen in November
House prices fall to levels last seen in November
House prices have fallen to levels last seen in November, as rising interest rates and tighter lending rules tips the market in favour of cashed-up buyers.
'Error' behind violation of Gib policy
'Error' behind violation of Gib policy
A Fletcher Building chief says "an error" caused Gib to be delivered early to a subsidiary's Christchurch site, well before it was due.
House prices continue to fall; mortgaged owners set for interest hit
House prices continue to fall; mortgaged owners set for interest hit
House prices continue to trend down as the cost of ownership escalates in line with rising interest rates.
Further help in Budget for first-home buyers
Further help in Budget for first-home buyers
It is good news for potential first-home buyers.
First-home buyer loan scheme shaken up in budget
First-home buyer loan scheme shaken up in budget
For aspiring first-home buyers, price and income caps will now be reviewed every six months. Housing Minister Megan Woods said Budget 2022 would help more people get first home grants and loans.
Britten Stables sold for more than $4m above RV
Britten Stables sold for more than $4m above RV
The Christchurch house that once belonged to renowned inventor John Britten fetched close to $8m late last year, it can now be revealed.