Property · Building · Design
Property sales data for the past 6 months shows that more than twenty thousand homes nationwide sold for less than NZ$1,000,000, more than twice the number sold for over NZ$1,000,000.
Auckland’s average house price has fallen by 1.1% over the past three months
Meanwhile, the market also faces challenges. The Reserve Bank of New Zealand has warned that interest rates will remain high for longer than previously expected.
Many property industry figures say the government’s Budget offers nothing new, and that Willis’s tax cuts will largely help people cope with rising living costs rather than encourage them to buy more property
Today, we look at what surprises the 2024 national Budget has brought and how much each of us stands to gain.
Davidson noted that restoring interest relief for investment properties and shortening the bright-line test for a second investment property from ten years to two would remove any tax advantage new builds hold over existing homes.
For first-home buyers in expensive areas such as Auckland, the dream of home ownership remains out of reach even with a 20% deposit.
1 With the First Home Grant scrapped, will the Budget bring more surprises? This week’s main event will be the Budget from Finance Minister Nicola Willis, due to be announced this Thursday,
Many people will recognise the feeling: every time they enter New Zealand, they feel nervous. Even without carrying anything prohibited, facing successive Customs officers can create an inexplicable sense of pressure.
Among so many emerging suburbs, which offers both value for money and quality of life?
This is the seventh consecutive time the Reserve Bank has held its cash rate unchanged over the past year.
SBS Bank recently announced a cut in its one-year rate to 6.14% for first-home buyers.