Property · Building · Design
The new year has barely begun, yet predictions about house prices in 2021 are everywhere. Their assumptions and degrees of pessimism differ, but they agree on the direction: prices will keep rising this year. More prospective homeowners are therefore turning their attention to buying land and building.
In the blink of an eye, the first month of 2021 has already passed. Virus variants still dominate screens and media headlines. The virus is changing and the economy is changing, but New Zealanders’ enthusiasm for property remains constant.
Where are the best places to buy in the red-hot property market of 2021? Property experts at Colliers International have hand-picked a selection of established towns and emerging suburbs. For first-home buyers hoping to succeed in a fiercely competitive market, this list is invaluable.
Regarded as New Zealand’s toughest tenancy law ever, the Residential Tenancies Amendment Act 2020 caused an uproar among investors and landlords when Parliament passed it in August last year. With its commencement date of 11 February now fast approaching, it is worth taking a closer look at the restrictions it will place on landlords’ rights.
Most traditional New Zealand homes have pitched roofs, which means many households have an attic of some size. Attics occupy an awkward place in the home: leaving them unused feels wasteful, yet putting them to use often proves frustrating.
New Zealand’s major mainstream media outlets all led with the same story this morning: the government’s announcement of a new public housing plan. Having completed fewer than 5000 public homes in its previous term, the Labour government announced that it would build more than 13000 new homes during its current term.
In 2020, property seemed to be the hottest topic among Kiwis apart from the COVID-19 pandemic. Trade Me, a go-to website for New Zealanders buying, selling or renting a home, recently shared its five most-viewed properties for sale.
The renowned architecture website architecturenow.co.nz recently selected some of New Zealand’s most popular house designs of 2020. Let’s take a look.
Figures show that New Zealand’s home ownership rate has fallen to its lowest level since 1951, while even those fortunate enough to own a home are increasingly concerned about the impact of mortgage burdens on their lives.
The Real Estate Institute of New Zealand (REINZ) released its latest figures today, showing that in December 2020, New Zealand’s median house price set a record for the fourth consecutive month. It attributed the result primarily to the continued pressure on prices from the total number of properties available for sale falling to a record low.
Every January tends to be a busy time for tenants moving, as people change jobs or start university in the new year. The pandemic of 2020 and its effects may have intensified some changes in the rental market. Today we look at a common feature of New Zealand’s rental market: subletting. What do landlords and original tenants, or head tenants, need to know, and how should they go about it?
Auckland is the city Chinese people most like to call home in New Zealand, with its pleasant climate, convenient lifestyle, plentiful job opportunities, and many Chinese restaurants and supermarkets. But Auckland’s house prices are hard to love. The latest figures show that the number of suburbs across greater Auckland with median residential property values in the ‘million-dollar club’ has suddenly jumped by more than 50.