The Real Estate Institute of New Zealand (REINZ) data shows, Auckland once again bolstered New Zealand's median strength, striking a record median house price in July, climbing 28.0 percent from $918,000 in July 2020 to $1,175,000 in July 2021.

Price fluctuations in Auckland in June ranged from a 0.8 per cent fall in the inner suburbs to a 0.9 percent increase in the outer suburbs. While the HPI climbed by only 0.3 per cent in the Auckland region in June, compared to 1.3 per cent for the rest of the nation except Auckland.

Project delays, lack of clarity on actual carpet area, inferior quality of construction, some developers also duped buyers by building more floors than approved; some built clubhouses on the terrace (which is illegal) or built penthouses on the top-most floors in violation of the approved plan or not providing the occupation certificate.

CoreLogic's Head of Research Nick Goodall says “Nationally average property values have increased 22.8% for the 12 months to June. The continued growth in the market has taken the average property value across the country above $906,532 in June for the first time.

The newly appointed Member of New Zealand Order of Merit (MNZM) and INZBC Chair Sameer Handa said that in wake of new realities that have emerged over the past year, ‘Action’ will be the key at the Indian New Zealand Business Council’s first hybrid summit to be held in Auckland on 23-24 June.

Inheritance is defined as a practice of transferring of properties, title, deeds, debts, rights and obligation to the legal heir of the person who holds the property after his death by way of will or by way of succession. Laws of succession incorporate the legal principles of division or distribution of the property of a deceased either by way of will or by way of succession.

Banks, Mortgage Advisers and Real Estate agents are still busy, but it seems housing market activity has peaked for the time being. At the residential auctions monitored by interest.co.nz a total of 369 properties were offered for sale in the week of April 10-16.

It would be no surprise that because of the far reaching and in many cases devastating effects of Covid-19 around the world, that any Kiwi business owner would be short-changing themselves by selling a business now.

As per estimates, we have approximately 620,000 rental properties in New Zealand and the average rent is $350. If we pay about 30% tax, Government will generate $3.85 Billion in income, one wonders what plans does government have about this additional income.

The Real Estate Institute of New Zealand has reported what many expected, that the housing hot-streak is far from over, with national median selling price increasing by $50,000 from January, while Auckland's median price was up $100,000 for the month.

Despite a troubling environment through 2020 due to Covid-19’s impact on the financial sectors, Global Finance has yet again triumphed to pick up an amazing four awards at the New Zealand Mortgage Awards for 2021.

Thanks to a modest drop in prices, first-time buyers got a slight advantage in the market in January, but the Reserve Bank predicts that house price inflation could rise above 22% by the middle of this year.

Despite the announcement last week that the Reserve Bank will reinstate tougher loan-to-value ratio restrictions than were in place last year, listings and sales continue to soar, breaking records in the process.

Businesses can’t leave money on the table when funds are tight. Thanks to the changes list below, there is now a range of tax benefits available to help small to medium-sized businesses move into the 2021 year as positively as possible.

More major bank economists are predicting that there will be no further interest rate cuts on 2021 as the market continues to soar. Investors re-claim market share just as new restrictions are being floated.

Westpac has launched into 2021 with a sharp cut in a key mortgage rate, cutting -20 bps from their one year 'special', taking it down to 2.29%.

It seems that 2020 will be ending with some welcomed news after a tumultuous year, as the housing market continued to soar in November, breaking some all-time records. The good news continued to come in with the construction sector having fully recovered from the effects of COVID in the third quarter.