Landlords stories
The ACT Revenue Office, leveraging OutSystems, launched new portals reducing refund processing time by 90% and slashing paper and email use dramatically.
Re-Leased appoints Gabrielle Cutfield as global head of people and operations as it expands into the US and Canada.
Tenants face a temporary freeze on rent rises and evictions as New Zealand's four-week COVID-19 lockdown halts viewings and house moves.
Businesses facing coronavirus disruption can now find daily-updated government guidance on tax, travel, staffing and workplace safety.
Mortgaged buyers lifted their share of property purchases to 25% by the end of 2019, with some suburbs seeing them dominate the market.
Tight housing supply and surging demand are pushing Dunedin values up 17% a year, with buyers still outpacing new listings.
Top-end flats are showing some weakness, even as most apartment prices move broadly in line with the wider property market.
Evidence from a New Zealand office trial could help landlords justify spending on healthier workspaces, with plants only part of the picture.
Investor buying climbed to 25% of New Zealand property purchases in July, the highest share since late 2016, CoreLogic said.
Affordability and tight supply are driving activity in cheaper districts, with Tararua, Waipa and Selwyn topping the turnover rankings.
Auckland’s weakness is masking stronger gains elsewhere, with provincial house values rising 8.2% over the year and interest rates low.
The real estate group is set to expand faster in New Zealand after Derryn Mayne bought a 25% stake, bringing ownership back into local hands.
CoreLogic says tighter lending and higher costs have left investors and first home buyers tied on 24% of purchases in early 2019.
Sales volumes in February marked the sharpest annual fall for 16 months, even as prices kept climbing across most of New Zealand.
Re-Leased plans to double its team and open a US office as part of its international expansion, investing $10m over three years.
Fewer rental homes and higher rents could follow a capital gains tax, with landlords also cutting back on professional property managers.
Landlords face fines of up to USD $4,000 from 1 July, as contractors struggle to insulate 125,000 rental homes in time.
Tenants in Auckland and Wellington face tighter leasing conditions, with record-low vacancies likely to push rents higher over the coming years.
Strong demand and scarce listings are expected to keep Dunedin property values climbing in 2019, despite higher insulation costs for landlords.
Policy changes in 2019 could dampen buyer demand and reshape lending as New Zealand's housing market enters another year of low, steady volumes.
