Residential Property

The real cost of a home

The costs of keeping the roof over your head in good nick have risen dramatically.

House prices are high in cities, but the costs after you buy are also through the roof.

A Roman garden in Wellington gallery

Nicola Koptisch has a passion for creating vignettes.

Pour a glass of prosecco and toast the glorious excess of this garden in Wellington.

Wellington house prices stable

Latest REINZ figures show

Wellington region house prices gained 1 per cent in June compared to a year ago to a median of $390,000.

Apartment tenants left in the dark

About half the 140 apartments in the Century City complex in Tory St have lost power for the night.

About 70 apartments in the Century City block face a night without power.

Council eyes land grab powers

Wellington City Council is supporting a Productivity Commission proposal allowing local government to forcibly acquire land for housing.

Wellington City Council wants the power to grab land in a quest for affordable housing.

Half-baked housing plans won’t cut it

The Government's housing policy for Auckland seems rushed.

OPINION: Leave it to the courts to sort out who’s right over the latest Auckland housing fiasco.

State houses sold for a song

An Invercargill state house put up for sale in 2013.

State house sales well below valuation prompt warnings local values could sink.

The great state house experiment gallery

It's been about six years since Housing NZ evicted tenants to make way for new housing. A new house being built on the corner of High Street and Farmers Crescent.

Has the redevelopment of ganglands Pomare worked?

Pre-fab homes near St James plan

An artist's impression of the proposed portable housing modules behind the St James Theatre.

Developer Ian Cassels says Te Aro needs housing, critics say plan could create slum.

First home buyers look beyond city

Home values in the Wellington region have been varied during the past three months.

Demand for houses in Porirua and western Wellington is driving up prices in those areas.

Investors borrow up large ahead of crackdown

Property investors account for one in every three dollars borrowed in the housing market.

Investors borrowing $1.8 billion make up one third of the mortgage market.

Reserve Bank right to clamp down on Auckland

200213. News. Photo supplied by RBNZ
Reserve Bank Governor Graeme Wheeler.

OPINION: The Reserve Bank has pulled the handbrake harder on Auckland housing.

Banks rake in $12m profit a day

Reserve Bank statistics show property investors currently make up almost a third of all new borrowers.

Could the reserve bank restrictions on property investments threaten the golden run?

The Auckland housing 'bubble'

Auckland's house price boom is a recent phenomenon. Prices there slipped badly from 2008 following a wave of mortgagee sales when banks stopped lending.

OPINION: Most people outside Auckland are fed up with hearing about its soaring house prices.

Property asking prices hit record high

Homeowners are demanding record asking prices for their properties, driven by Auckland.

The heated Auckland market is the culprit, with asking prices flat or down in other parts of the country.

Camping gear makes way for party costumes

FCO is closing down in High St, Lower Hutt, and the building has been purchased by Pete's Emporium.

The FCO building at 541 High St, Lower Hutt, has been snapped up by another owner/operator without it even going to market.

St George's needs love and cash

Reverend Tim McKenzie outside the historic St George's vicarage.

An earthquake-prone heritage vicarage in Miramar could fetch up to $1m, but needs some work.

Vicarage could fetch $1m

GRAND: The St George's Vicarage in Seatoun, Wellington, could fetch $1 million.

Another valuable old church property in the Wellington suburb of Seatoun is up for sale.

Wellington immune to price frenzy

Land value has increased by an average 5.6 per cent in Queensland over the past year.

Wellington remains immune to the real estate frenzy that has seen average asking prices soar above the $500,000 mark.

Housing market takes a breather

housing market

House prices and sales melted in January, but real estate agents say it was a typical "summer slowdown".

Capital mansion sells for $3.7m

It has a tennis court, heated pool, spa, a library and views over Wellington - and all for less than $4 million.

Capital's house sellers 'need to be realistic'

"There is certainly a lot of risk in an asset bubble forming in property.": Savanth Sebastian, an economist at Commonwealth Securities.

Home buyers in the Wellington region are "conservative and cautious" and sellers need to set realistic price expectations.

'Most affordable' housing too costly

More investors are thinking of selling properties they own.

Most affordable housing in NZ - Palmerston North's - remains unaffordable for the average earner.

Calls for rental WOFs

There are concerns over students living in rental properties that are not up to standard in Wellington and Palmerston North.

Fresh calls for a checklist for rental properties have been supported by student leaders.

#HouseForSale tweets Henare

Tau Henare is using Twitter and Facebook to try sell his Tinakori Rd home.

He's the so-called Minister of Twitter - now Tau Henare has taken to social media to sell a house.

Home building dips in September quarter

worksafe

House building slows, even in Canterbury, but non-residential building work is close to record levels.

Mouldy flats to be torn down

The Housing NZ flats in Britomart St, Berhampore, which will be demolished.

Leaky state homes in Wellington will be torn down after Housing NZ decided refurbishment was too costly.

'Ghetto' development opposed

An artist's impression of the proposed new development at 25 Awatea Ave, Paraparaumu.

A Wellington developer has sparked a fight with residents over a multimillion-dollar project that will see three-storey rental apartments in the suburbs.

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