One of the country’s biggest banks has made it easier for first home buyers to get into their dream home by becoming the first in the market to offer a single rate card. Auction activity continues to be healthy despite being in the middle of winter - showing no signs of slowing down.
Read MoreThe only constant about the fiscal social contract of tax and democracy is that taxes will be levied and engagement of citizens in tax matters, and an involvement boosts the spirit of the fiscal social contract, says a study conducted by Dr Ranjana Gupta, Senior taxation lecturer, Auckland University of Technology.
Read MoreDespite the ramifications of the lockdown and the annual expected winter dip, the property market is holding its own, with some welcomed good news in both the residential market and house price predictions.
Read MoreIn the first of an ongoing fortnightly series, Tax Professionals looks at the key tax issues facing individuals and small business owners. Up first – we look at basic tax rules around residential investment properties and a key recent change introduced by Inland Revenue.
Read MoreNew figures suggest Auckland's residential property market has possibly fully recovered from the effects of the lockdown conditions that were evident in April and May, with a buyer’s market forming for potential buyers in Auckland.
Read MoreNew data from the Reserve Bank and The Real Estate Industry have indicated that first home buyers are taking the most advantage of low interest rates, no LVRs and declining house prices.
Read More“We have nudged up our house price forecasts on the back of a slightly better economic outlook and lower mortgage rates, but only slightly. We expect that house prices will fall 12% (only a little above our previous forecast of 13½%), but risks are now considered more balanced.”
Read MoreSupply is finally meeting demand as the market continues to bounce back, with sales remaining steady and low mortgage rates attracting first time buyers.
Read MoreThe number of properties sold in May across New Zealand decreased by 46.6% from the same time last year – from 7,477 to 3,990 – as Alert Level 3 restrictions on the real estate market still made it difficult for property sales to occur, according to the latest data from the Real Estate Institute of New Zealand (REINZ).
Read MoreProperty listings in the Auckland have seen a significant increase in the past week as sales begin to return in Level 1 with end to physical distancing requirements and restrictions on gathering sizes.
Read MoreAs the move to Level 1 comes potentially sooner than expected, signs from the market suggest that buyers and sellers are ready to match pace. New data has revealed that both Residential and Apartment sales and listings are slowly starting to climb back up to pre-lockdown levels.
Read MoreThe REINZ Residential Confidence Report for April has shown that activity in the real estate industry was extremely subdued due to COVID-19. In April $1.051 billion of residential property was sold across the country, whereas during a typical April month we would expect to see around $4.358 billion, showing the effect that Alert Level 4 lockdown had on the residential property market in New Zealand.
Read MoreIt feels great buying New Zealand-made goods. It’s a great way to reconnect with your community and support nearby New Zealand businesses.
Read MoreSupporting Indian businesses in alert level 2 look here for more information and know what the businesses are doing. Support local kiwi Indian businesses.
Read MoreAccording to the May 2020 QV House Price Index (HPI) results released by Corelogic this week, the momentum in the property market prior to the pandemic has since been lost. However, with the number of residential property sales extremely low through April and May, a clear and timely understanding of the housing market performance will take a bit more time to become clear.
Read MoreTwenty years ago, World Milk Day was established by the Food and Agriculture Organisation of the United Nations to recognize the importance of milk as a global food, and to celebrate the dairy sector. Each year since, the benefits of milk and dairy products have been actively promoted around the world, including how dairy supports the livelihoods of one billion people. (from www.worldmilkday.org)
Read MoreAverage retail sales significantly higher than forecasts at the opening of New Zealand’s newest retail store, bode well for the sector, according to its owner.
Read MoreA jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19.
Read MoreMortgage wars heat up once again as banks compete to get first time buyers with their record low home loan interest rates.
Read MoreIt came as no surprise that the Reserve bank has kept the OCR at 0.25 per cent, hinting that it could be dropped lower in the future, just as the market beings to see some return to normalcy as the restrictions are lifted.
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