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...

$13.6m Reasons to Buy Property

Have you ever wondered how some people get rich? Well it isn’t by buying lotto. The following article reminds us why property is such a wonderful investment. Over the years this farmer has not only reaped the rewards of some massive capital growth but he has...

Auckland Rents Steady

Rents for three-bedroom homes in Auckland have increased only slightly over the last 12 months, according to figures released by real estate firm Barfoot & Thompson today. The average rent for a three bedroom property in Auckland was now $464 a week – up...

Chinese snap up Kiwi properties

Kiwi Properties Snapped Up More New Zealand Properties are being sold to people who live in China, according to real estate agents. Tony Alexander, BNZ chief economist, said the latest BNZ-REINZ Residential Market Survey showed a quarter of all houses or apartments...