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Real Estate News – Property News. propertynoise.co.nz  is about sharing all things real estate and property in New Zealand (and a bit of Australia and International too). Instead of viewing a multitude of news sites to find out the very latest property news – simply come here. Each day, many times a day, everyday we update the site to ensure we have your property and real estate news in one handy place. All the real estate news comes from a variety of property news sites whom do a superb job. We simply refer/ link you to their sites and we make no claim to their material.

Copyright © 2015 http://www.propertynoise.co.nz  All Rights Reserved.

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HOT PROPERTY! Location, Convenience and a Touch of Class

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Expressions Of Interest: Wednesday 19 October 2016 at 4pm
Wonderful sunny aspect, stylish, warm, and instantly welcoming. A practical free-flowing floor plan a blend of formal and informal living and dining enhanced, with outdoor flow. Impressive gardens frame the property, where the, decks and patio create an alfresco oasis. Four bedrooms, Office, two bathrooms & huge storage. Perfect for extended Families, Professional couples working from home, or students requiring separate areas. Enjoy the lifestyle stroll to the iconic beach, walkways, parks, cafs.

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SEE OUR LATEST E – NEWSLETTER HERE! Friday 23 September, 2016 

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The Latest Property News & Real Estate News

The new owners of the sprawling mansion once home to internet mogul Kim Dotcom paid $32.5 million for the rural retreat.

Confidentiality agreements were signed by both buyer and seller but property records obtained by the Herald on Sunday from QV.co.nz have revealed the price paid on June 30 for the Coatesville home and its sprawling surroundings.

It had previously been on the market with an asking price of $35m.

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The Coatesville mansion formerly rented by Kim Dotcom was sold for $32.5 million. Photo / Supplied: Barfoot & Thompson

 

AUCKLAND’S BIGGEST WATERFRONT RESIDENTIAL SITE:
• 1.5ha of waterfront land with 16 separate street addresses
• Owned by a company whose directors include Berridge Spencer
• He is a member of one of NZ’s richest families: $720m fortune
• Fortune from the Caxton paper empire but now in diverse interests
• New Auckland house planned for Berridge and Olivia Spencer
• Spencers also own historic Man O’War property, Waiheke Island

A mansion is set to rise on one of Auckland’s most scenic waterfront spots on a site featuring 16 separate street addresses – with one real estate industry expert saying its land value alone would top $50 million.

mega-mansion

The Stanley Point property where the new housing project is planned is nearest to the water. Photo / Brett Phibbs

 

 

The sale of a house has set a new price record for the Lower Hutt suburb of Taita as more buyers and sellers turn to auctions.

Neeraj Narwal and his wife Bharti Sirohi were holding their breath as they bid on the four-bedroom house at auction on Thursday.

After three months of looking, and being forced to widen the search, the couple snapped up their second home in Pringle St for $538,000 – $143,000 more than its rateable value (RV).

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New owners of a Pringle St home in Taita are Neeraj Narwal and his wife Bharti Sirohi, who is holding their three-month-old son Vivaan.

 

 

The welcoming party at the gate to Julia Sloane’s holiday pad in Whangateau, north of Auckland stands only 30cm high. Yet his presence speaks volumes. He’s perched on a post where a security code is required for access – a resin gnome in shocking pink. And he’s giving the finger.

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PHOTO SOURCE: SPY

 

 

Australia has become “a nation that can no longer house its own children”, the Australian Labor Party’s Chris Bowen has warned, with soaring home prices cutting young people out of the market and a generation facing a crisis in affordability.

Bowen says the growing wealth of the super-rich one per cent – and the relative decline in middle-class incomes – has caused the surging popularity of nativist parties like the Nick Xenophon Team and Pauline Hanson’s One Nation, Donald Trump in the United States and the success of the “Brexit” campaign.

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JAKUB KRECHOWICZ/123RF
Having your own home is becoming too hard for many Australians, a prominent Australian politician is warning.

 

 

he million dollar mansion previously owned by the late Sir Paul Holmes is no longer for sale.

Mana Lodge, which was bought by the broadcaster in 2000, was put on the market in December last year by Lady Deborah Holmes.

Tenders closed in March, with no sale being negotiated.

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EVA BRADLEY/FAIRFAX NZ
Paul Holmes at his family home, Mana Estate, in Poukawa, Hawke’s Bay before he passed away.

 

The Reserve Bank says house prices are still increasing at “excessive” speed, but that new lending restrictions may be starting to bite.

On Thursday the central bank left the benchmark official cash rate (OCR) at 2 per cent, a move widely expected by the financial markets.

Governor Graeme Wheeler also hinted that the current thinking of the bank was for interest rates to go lower in coming months, in a bid to weaken the kiwi dollar.

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ROBERT KITCHIN/FAIRFAX NZ
Reserve Bank deputy governor Grant Spencer and governor Graeme Wheeler during the release of the financial stability report.

 

 

A Hawke’s Bay farm, partly bought by a group of loyal National Party supporters to “lure a future prime minister and governor-general to live in their electorate”, is on the market.

Kia Ora sheep and cattle farm, located around 20km from Dannevirke, was bought during World War II by Sir Keith Holyoake.

He was the only person to ever hold the roles of both Prime Minister and Governor-General of New Zealand, and is the country’s third longest-serving Prime Minister.

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AUCTION: The family farm of former Prime Minister Sir Keith Holyoake, which is situated about 18 km from Dannevirke in Manawatu, has been put up for auction. PHOTO/FILE.

 

 

It may well have been one of  the quickest marketing campaigns in real estate history.

On Tuesday morning ‘For Sale’ signs went up outside three boarded-up state houses in Ranui and Cannons Creek in Porirua.

The Harcourts website appealed to “Property Developers, Investors, and Builders” and advised ‘Investors Gear Up!’ but by Wednesday morning the listings had been removed.

state-houses

Supplied
Screenshot from Trade Me showing the Harcourts listing for one Porirua state house that was withdrawn after 24 hours on the market.

 

 

Angelina Jolie filed for divorce from Brad Pitt on Monday, citing irreconcilable differences. They have been married for only two years.

But the 41-year-old Oscar winner and the 52-year-old actor have been together for 12 years and have acquired a mass of wealth during that time. They also started the Jolie-Pitt Foundation in 2006.

Their combined wealth has been estimated at $400 million with much of it tied up in property they’ve collected all over the world.

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No longer Brangelina: The actors have been together for 12 years but only married two years ago; here they are seen in November

 

 

An island in Wellington Harbour is set to be turned into a hi-tech tourist attraction by Sir Peter Jackson.

Matiu/Somes Island, which is now a predator-free scientific reserve, was New Zealand’s first inner harbour lighthouse and has been a human quarantine station, an internment camp, military defence position, and an animal quarantine station.

spj

SUPPLIED
Sir Peter Jackson looks set to work on a joint tourism project with the Port Nicholson Block Settlement Trust to digitally tell the Maori history of Wellington on Somes Island.

 

 

A real estate agent who offered casual sex to a mother waiting for food at a McDonald’s has been found not guilty of misconduct.

Despite handing the woman his old Harcourts business card, the Real Estate Agents Disciplinary Tribunal has ruled Gurpreet Singh’s actions did not relate to his work.

In March 2013, Mr Singh approached the woman at a McDonald’s car park in Manuwera while she waited for an order with her two daughters.

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The future in New Zealand for runaway fraud accused Christopher Heaps is looking increasingly bleak.

The 28-year-old is bankrupt, his real estate licence is about to expire and the number of complaints to police about his precious metal trading business, Kiwi Bullion, have doubled.

Heaps, who has drug and firearms convictions, skipped the country recently leaving behind a swathe of angry customers owed more than $150,000.

READ MORE:

Police investigate real estate agent Christopher Michael Heaps’ business Kiwi Bullion
Real estate agent and bullion dealer Christopher Michael Heaps took $20k from couple then skipped NZ
Real estate agent Christopher Heaps’ employer knew about his criminal past
* Fraud accused Christopher Michael Heaps faces second stint as a bankrupt

christopher-heaps

SUPPLIED
Christopher Heaps’ business Kiwi Bullion is being investigated by police in Christchurch.

 

 

Australia’s leading female agents have been uncovered by a new report which will set the benchmark for success for real estate professionals across the country

The inaugural REB Top 50 Women in Real Estate listing, partnered by Christina Guidotti, highlights and celebrates the industry’s ground-breaking females by ranking them across a number of metrics including average days on market, number of listings, conversion rate and sales volume for the 2015 calendar year.

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Imported Italian kitchens, a 170sq m heated outdoor pool and a podium deck sprawling across a third of a hectare are features of Auckland’s biggest planned new apartment complex.

But if you’re looking for the 200sq m $6 million north east-facing penthouse, that’s sold. Sara Johnson, marketing and communications general manager of developers and land owner NZ Retail Property Group, said on Friday that deposits had been paid on six places and a further three were under contract.

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Bedroom of The Milford

 

 

It’s becoming harder for Aucklanders to borrow money for a new house if they haven’t already sold their current home.

Mortgage brokers say they have noticed banks are tightening their lending conditions – a direct result of a cooling of the hot property market where there has been a big drop in houses available for sale, and fewer homes selling at auctions.

mortgage-broker

Mortgage broker John Bolton says it’s getting harder to get bridging finance because the Auckland housing market is “stalling”. Photo / Doug Sherring

 

 

A Wellington restaurant building owned by Terry Serepisos’ mother has sold for $1.1 million.

Alliki Serepisos, who successfully avoided a bid to bankrupt her earlier this year, sold the 538 square metre building, and 649sqm of land, in Miramar to Paraparaumu investment firm Tribus Holdings.

The building is home to The Larder restaurant, said to be popular with the area’s movie industry.

the-larder

KEVIN STENT/FAIRFAX NZ.
Alliki Serepisos sold the building which houses popular cafe The Larder to an investment firm.

 

 

HOME owners in Bundall are looking to capitalise on a spike in house prices, with the number of properties for sale tripling in the first week of spring.

Fresh figures from CoreLogic show the suburb’s median house price jumped 16.7 per cent to $951,000 in the past year.

spring-on-the-gold-coast

Bundall couple Aaron and Trina Bartholomew getting their Daimler Drive home ready to sell. Picture Glenn Hampson

 

 

Seeking inspiration? Investors need look no further than a young Hawkes Bay couple who have built a portfolio of 120 properties in just 12 years.

Shannon and Hayley Tawhiti, who are profiled in this month’s NZ Property Investor magazine, are thought to be among the country’s wealthiest private residential property investors.

dream-team

PHOTO SOURCE: Propertyinvestor.co.nz

 

 

MOVE aside property porn. The next big thing in real estate is a ready supply of antipasto, cake and coffee served with virtual-reality goggles for property not yet built.

The newest real estate office to open on the northern beaches is in Dee Why and inside there isn’t one image of a house.

What the office does have is a 2m-long imported glass chandelier, an antipasto bar, salami and cheese fridge and a garden.

novak-real-estate

Novak Real Estate in Dee Why has open a new office that has a 2m long imported chandelier, antipasto bar. Veronica Ghalloub, Evan Gamkrelidze, Chantelle Iezza, Mark Novak and Branka Stankovic.

 

 

Owners of the new high-end townhouse development on the Kapiti Coast are expected to be quickly sell off the plans – given the “severe shortage” of homes for sale in the area.

Seven townhouses are being constructed in a highly sought-after spot just 200 metres from Raumati Beach, next to Raumati Sands Resort.

Consent applications are with the council and construction is due to start in November. The development is expected to be completed by the end of April 2017.

raumati-beach

SUPPLIED
An artist’s impression of the “hotel-style townhouse villas” at Raumati Beach that are expected to be completed by April.

 

 

What you need to know:

• 1200 new homes will replace 300 state houses in Northcote
• The $750 million development is due to be finished by 2021
• About 400 houses will be for social housing, and 600-800 will be sold on the open market
• Housing NZ tenants who are being displaced will be supported to be re-housed
• 59 social housing homes are expected to be available by August 2017
• The development will be led by Hobsonville Land Company, a subsidiary of Housing NZ

More than 1000 new homes are to be built on the North Shore as the Government looks to rapidly ramp up housing supply in Auckland.

hnz

Finance Minister Bill English and Housing Minister Nick Smith announced the plan in Northcote this morning.

 

 

An elderly man spent two days with no food or water, lying injured on the floor of his Coromandel holiday home before neighbours came to his rescue.

Having suffered broken bones in a fall on Monday night, all the 86-year-old could do was crawl to the kitchen hoping to reach his cellphone.

He was found on Wednesday on the blood soaked carpet in the doorway of his bedroom in Pauanui, neighbour Shirley McGowan said.

holiday-home

FAIRFAX MEDIA
The man had stopped off at his bach at Pauanui, when he suffered broken bones in a fall.

 

 

A group of Aucklanders are accused of providing false information or withholding details to get more than $40 million of property loans and a banker who allegedly approved some of the lending has also been charged by the Serious Fraud Office.

Four people – three men and a woman – have been charged with obtaining by deception and were granted name suppression when they appeared in the Auckland District Court on Tuesday.

charged

The alleged offending is said to have taken place between the end of 2011 and October 2015. / File Photo.

 

 

IT’S known as the Bubble Palace where its owner, fashion designer Pierre Cardin, has hosted the rich and famous since the early nineties.

Now it can be yours.

But just like the home looks like something from the space age, the price tag is also out of this world.

SLICE OF PARADISE UP FOR SALE

THIS IS WHAT A $100M HOUSE LOOKS LIKE

fashion-designer-pierre-cardins-amazing-bubble-palace

Fashion designer Pierre Cardin’s amazing “Bubble Palace’’ in the south of France. Picture: Christie’s International Real Estate.

 

 

House sales in Mount Maunganui/Papamoa rose more than 20 per cent year-on-year last month but sales volumes in Tauranga dropped, according to REINZ data.

The August residential real estate data for Mount Maunganui/Papamoa and Tauranga shows both sales volumes and median values were up on July.

Median values for both areas were also up on August 2015.

mount-maunganui

Mount Maunganui/Papamoa sales volumes in August were up 12pc on the previous month. Photo / Getty

 

 

To put it simply, you’d buy 145,843 Big Macs. That’s a lot of lovin’ it for a Median HomesEstimate of $875k

What’s more astounding is when you compare our patent pending (not really) Bic Mac property index to other cities.

bm

 

Auckland house sale prices jumped $280/day according to data from the Real Estate Institute.

It has just announced a new record median August sale price for the city of $842,500, up $102,500 since August last year – the equivalent of $280 a day.

REINZ said Auckland prices were up 14 per cent annually, up 21 per cent in Manukau, 20 per cent in outer Auckland and 14 per cent in Rodney and Auckland City.

READ MORE: • Spring pushes house prices to new highs

reinz-1

 

Data released by REINZ for August 2016 shows that housing inventory available for sale is continuing to rapidly fall nationwide, with an 18% decline in properties available for sale year-on-year and five regions with less than 12 weeks of supply, representing almost 70% of sales volumes. According to the latest figures released today by REINZ, source of the most recent, complete and accurate real estate data in New Zealand, Wellington has the fewest properties for sale with just seven weeks of supply, closely followed by Otago with 10 weeks of supply and Auckland, Waikato/Bay of Plenty and Hawke’s Bay with 12 weeks of supply.

REINZ 2

 

  • PRESS RELEASE – AUGUST 2016

Press Release – August 2016

Regional Commentary – August 2016

Residential Data Tables – REINZ 2016

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Riding a kid’s bike, juggling fruit and roasting marshmallows – Tauranga’s Brent Bastin pushes the boat out more than most real estate agents – making a speciality of hamming it up in quirky promotional videos.

Hugging pet rabbits and sweeping drone shots are all part of this new breed of YouTube property selling that Bastin uses to sell homes in the booming Bay of Plenty market.

Hamish McKay has traded in the news desk for a job in real estate.

In April, the 50-year-old ended his 20-year career with MediaWorks, where his TV3 sports presenter role included highlights such as covering Rugby World Cups, All Black tours and other high-profile sporting events.

McKay and his family live in St Heliers, and he will start selling real estate from the Auckland suburb this week.

hamish-mckay

Hamish McKay. Photo / Dean Purcell

 

Aucklanders are sometimes accused of not caring about anything south of the Bombay Hills, but with Auckland property prices now severely unaffordable, many are looking further afield – and finding that the rest of New Zealand has plenty to offer.

First, let’s take a look at a few Auckland properties currently on the market for just under $1 million:

palmerston-north

A property for sale in Palmerston North, Manawatu
Source: TradeMe

 

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