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Nelson housing market the “perfect storm”

by Sue Irons | Aug 18, 2016 | Nelson, Property Market News

[Via Stuff] Rocketing prices, a shortage of stock, and soaring demand have whipped the Nelson-Tasman housing market into a frenzy, experts say. Real Estate agents have described the region’s property market as “ballistic”, “nuts”,...

Do you need a 40% deposit to invest now?

by Sue Irons | Jul 22, 2016 | Finance, Property Market News

IMPORTANT: The Reserve Bank’s 60% LVR announcement this week does not mean you’re locked out of the investment market. Investors are still able to purchase House & Land and Off The Plan apartments at 80% LVR, so expect to see significant investor shift toward...

Are investors being unfairly targeted amid housing boom?

by Sue Irons | Jul 6, 2016 | Property Market News

[Via Stuff] Property investors say they are being unfairly blamed for the ever-widening property boom now spreading to the regions. House prices are rising across the country by $10,000 a month, prompting speculation that the Reserve Bank might outline further...

Wellington falling short of target to build 7000 homes in 5 years

by Sue Irons | May 23, 2016 | Property Market News, Wellington

[Via Stuff] Wellington has admitted it cannot build new homes fast enough to solve its current housing shortage and take the sting out of its rapidly-heating property market. Less than two years into a five-year plan with the Government to build 7000 new homes in the...

Wellington average house prices almost hit $600,000

by Sue Irons | May 4, 2016 | Property Market News, Wellington

[Via Stuff] House prices in Wellington have shot up nearly 10 per cent over the past year as fringe suburbs become increasingly sought after among first-home buyers. Quotable Value’s house price index, published on Wednesday, shows values in Wellington suburbs...
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