Most Auckland landlords are increasing the rents they charge much more quickly than the rest of New Zealand, according to the latest Crockers Auckland rental price table.
Nationwide, median rents rose across all property sizes in May, with two-bedroom properties having the biggest jump, up 9% from May 2011 to $315 per week.
One-bedroom properties were the next biggest rise, up 4% to $240, followed by three-bedroom properties, up 3% to $360, and four-bedroom properties, up 2% to $450.
However, in many Auckland suburbs the rent rises far outstripped the national increases...MORE»
15 June 2012
Increased real estate sales are being driven by more than just low interest rates, says Harcourts chief executive Hayden Duncan. MORE»
15 June 2012
New Zealand’s real estate market appears to be favouring sellers for the first time in years, according to the latest BNZ/REINZ residential market survey. MORE»
Reserve Bank governor Alan Bollard's latest monetary policy statement suggests mortgage rates aren't going up any time soon although the likelihood they might fall further remains an outside chance. MORE»
Auckland’s property market provides the perfect conditions for sales by auction, says Real Estate Institute chief executive Helen O’Sullivan. MORE»
Reports that Terralink's data on increasing mortgagee sales is at odds with the information from realestate.co.nz are inaccurate, says realestate.co.nz chief executive Alistair Helm. MORE»
House prices around the country are now almost back to their peak, according to both Quotable Value and the Real Estate Institute (REINZ). MORE»
Auckland see an almost 30% surge in sales and a new all time price high, sales up in Wellington but prices slip and Taranaki sees strongest sales rise for five years. MORE»