Safe As Houses

Property investment is often described as ‘safe as houses’. Yet there are risks, for example: A lender can ask us to repay the mortgage unexpectedly and we may not be able to sell, or sell for enough to cover the mortgage. If the investment property is mortgaged with...

Is now a good time to buy property in Auckland?

Property prices in Auckland are continuing to rise despite lending restrictions and higher interest rates pushing up the cost of borrowing. Figures released yesterday by QV show the Auckland market increased 12.3 per cent year on year and values are up 31.4 per cent...

Monday Property News by Affordable Homes

The number of houses, flats and apartments valued under $400,000 in Auckland dropped by a third in the past 12 months. In some areas the total in that price bracket has more than halved. Data from CoreLogic’s E-Valuer showed that of the 656,500 properties valued...

Aucklands Fast-track Plan

The announcement of 41 new “special housing areas” across Auckland will allow 18,000 new homes to be fast-tracked. As part of the plans, parts of Great North Rd, Otahuhu, Flat Bush, New Lynn, Northcote, Albany East and Takanini have been earmarked as strategic areas...

High-rise plans for Auckland

City planners are eyeing almost 16,000 new homes across Greater Auckland — the equivalent of a town the size of Cambridge — to attack the city’s housing shortage. But as details emerge of apartment buildings up to six storeys high, neighbours have reacted with...