The housing market remains in the doldrums after rebounding earlier this year, but the rate of decline for property values appears to have stabilised, according to valuer QV.
A drop in Central Otago property values in the past three years is unlikely to have a dramatic impact on rates bills.
Otago's largest real estate company will be launched next month.
Will homes in parts of Christchurch suffer from an earthquake stigma?
Farm buyers and real estate agents are looking towards spring as a time when the property market may recover from its subdued state.
The number of residential property sales last month was the lowest for a July month in a decade, according to the Real Estate Institute of New Zealand (REINZ).
Fewer residential properties changed hands in Dunedin last month compared with the same time last year, but the median price rose 8%, according to the latest Real Estate Institute of New Zealand (REINZ) figures.
House prices are set to fall further this year before a small rebound sometime next year as demand again starts to outstrip supply.
Queenstown has had its quietest months for real estate sales in almost a decade.
This unique two-storey Waitati residence features water views, open plan living, modern kitchen, solar power and your very own driver's seat.
House sellers have dropped their prices to the lowest level since January, as large numbers of houses remain unsold heading into winter, according to a monthly property report.
A Queenstown real estate agent has set up a web-based agency in the town after new real estate legislation removed the "former bureaucracy" and the need to have a place of business.
A long-standing dispute between the developer of a subdivision at Lake Hayes and a neighbour - which has cost both parties hundreds of thousands of dollars in appeals - appears to be over.
Two leading real estate firms have gone head-to- head over whether auctions are a good way to sell homes.
Tenders have closed for prime commercial and industrial land in central Oamaru, the last business link with the Gillies family which played a major role in the town's development from the 1920s.
Tenders have closed for prime commercial and industrial land in central Oamaru, the last business link with the Gillies family which played a major role in the town's development from the 1920s.
The new lessees of the Beaumont Hotel say "it's an iconic pub", and they intend to keep it that way.
Residential property sales last month were closer to 2009 levels after in January reaching their lowest level in nearly two decades, Real Estate Institute of New Zealand (REINZ) figures show.
Land agents should have vetted more closely the parties behind the failed bid to buy 28 Southland farms, a farming leader says.