Hamilton to Auckland rail full steam ahead: $92m funding announced

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A new rail service from Hamilton to Auckland is well on track after funding has been approved by the NZ Transport Agency. Transport Minister Phil Twyford announced today that $92.37 million will go towards the construction and operation of the new service, with $79.8m coming from NZTA and $12.57m from local authorities. Twyford said the service is an important first step to strengthening the connection between two of New Zealand's largest and fastest growing urban areas. More and more people are commuting between Hamilton and Auckland, and this service will give them a real choice between being stuck in traffic or relaxing on the train. Read Now


Christchurch crowned New Zealand's friendliest city

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Christchurch is ranked as New Zealand's friendliest city, and the seventh friendliest city in the world, a new poll has revealed. The Garden City was the only New Zealand city ranked in the Big 7 Travel poll, which listed the top 50 friendliest cities in the world. Christchurch nabbed the placing based on it being a "testament to NZ". The poll looked at how easy a city was to navigate, or where people are made to feel most welcome. Big 7 says Christchurch locals have a "resilient and positive attitude" and "friendly Kiwi charm". Read Now


Progress on Christchurch's new $300 million metro sports facility

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Work is well under way to transform an empty central city site into Christchurch's premier public sporting facility. The $301 million metro sports facility, being built on a site bordered by Moorehouse Ave and St Asaph and Antigua streets, is on schedule to be completed by the end of 2021. 

More than 15,000 cubic metres of material has so far been dug out of the ground to make way for the 50-metre pool, dive pool and leisure water area, an Ōtākaro Ltd spokesperson said. The excavation was about 65 per cent complete. Read Now


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Foreign Buyer Ban Impacts Queenstown Lakes

The foreign buyer ban impact was felt the most in Queenstown Lakes, but despite slowing growth, the market has attractive features for buyers, writes Joanna Jefferies.

Queenstown Lakes District was one of the biggest rockstar districts in the last wave of property price rises, but although the foreign buyer ban impact is possibly felt the most in this district, and growth has now slowed, there are still features in the market that make it well worth a look for investors. Read Now


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REINZ June Monthly Report

Median house prices across New Zealand increased by 3.2% in May to $578,000, up from $560,000 in May 2018. Median price increases for New Zealand excluding Auckland were even stronger, increasing by 7.2% to $487,770 up from $455,000 in May last year, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand. Download Report


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NZ’s property market mapped

CoreLogic NZ’s latest ‘Mapping the Market’ (June 2019) report has just been released, using location analytics and geospatial expertise to give visual learners a better understanding of New Zealand’s property market. The constantly changing dynamics of New Zealand’s property market means that many would-be homeowners find it challenging to understand which suburbs currently match their home-buying budgets. View Map


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Core Logic June 2019 Update

First home buyers are topic of the month this month, we check in their activity while also covering the latest in overall sales volumes and once again provide a word of caution around the misuse of certain statistics evaluating the market. Watch now


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Ten property market predictions for the rest of 2019

Residential property sales activity looks set to tick along at the same controlled pace in the second half of the year as it has in the first, with average values growing in a restrained fashion. Other key factors to watch over the rest of 2019 include policy decisions from the Reserve Bank (e.g. LVR and bank capital rules), the landscape for investors’ returns, the potential flattening off of residential building consents... Read now


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When you should expect Auckland house prices to start rising again

In the last three months there have been some important developments that have affected the underlying level of strength in housing markets around New Zealand. First, interest rates are falling anew. Back in February two-year fixed mortgage rates were typically near 4.3 per cent and three-year rates 4.5 per cent. Now both are just below 4 per cent. Read now


Core Logic May 2019 Update

Plenty to talk about this month, with the key influencers Government and RBNZ making a few big calls. Wondering about the Capital Gains Tax, Official Cash Rate and Foreign Buyer Ban? We look at the market impact of all. Watch now


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Will Auckland’s House Prices Crash like Sydney’s?

There’s been a dramatic decline in house prices in many of Australia’s biggest cities. Some speculate that Auckland’s recent slide means it’s headed the same way. CoreLogic’s Ben Speedy compares the two markets. Plummeting prices in the Sydney housing market are sending shivers down the spines of Auckland home owners, who wonder if they’ll see the same thing happen to their homes’ values. Read now


REINZ May Monthly Report

Median house prices across New Zealand increased by 6.4% in April to a record equal $585,000, up from $550,000 in April 2018. Median price increases for New Zealand excluding Auckland were even stronger, increasing by 7.6% to a record $495,000 up from $460,000 in April last year, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand. Download Report


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The tax ring-fence is unlikely to cause A change in investor behaviour

Although it’s not law yet, the tax ring-fence for rental property losses is likely to be approved and, when that happens, will apply to the current tax year (which has of course already started). But there are reasons to doubt that it will dramatically change the rental property landscape. Read now


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Investors a strong presence in April (but not due to CGT scrapping)

Multiple property owners with a mortgage accounted for 25% of property purchases in April, continuing their gradual return from a lull in late 2017 and early 2018. Given timing issues, this cannot have been a bounce-back from capital gains tax-related uncertainty; rather a sign that investors still have faith in the prospects for the property market. First home buyers are also holding their ground in terms of market share, especially in the main centres. Read now