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.


A “clear message” has been sent to those operating in the fringes of real estate, after an Auckland man was fined for unlicensed trading, including the proposed sale of a $2 million property.


Stuart Jackson was found guilty of unlicensed trading in the Auckland District Court last week. Photo / Nick Reed


The Auckland property market continues to cool, with the Trade Me Property Price Index reporting the average asking price dipped to $895,000 in January, the second consecutive monthly decrease in the Super City.


Parents wanting to send their children to some of Auckland’s prestigious state schools may be forced to fork out more than $2m to buy a house in the zone, or more than $700 a week in rent – double the cost ten years ago.

Figures from property analysis site Relab.co.nz which analysed 33 Auckland school zones showed buying a home was more costly close to higher decile schools.


Topping the list were two decile nine school zones, Auckland Grammar and Epsom Girls Grammar – with median values topping $2m last year. Photo / Nick Reed


In what is considered to be one of the major changes in the real estate industry across New Zealand, the Ray White Group will welcome the Leaders Real Estate Group, who have a network of offices across the Lower North Island and are currently rebranding to Ray White.

The Leaders Group extends across Wellington, Kapiti Mana, Horowhenua, Hutt Valley, Wairarapa, and the Hawkes Bay. In total, there are 15 offices and 7 branches supporting 280 salespeople.


The Leaders Group will continue to rely on proven results and are using the tagline “The New Leaders in Real Estate


New photos have revealed the mundane truth behind the glitz and glamour of the once legendary Playboy Mansion after it sold for $100 million.

With its days of partying numbered, photographer Jeff Minton visited the five-acre property, in Los Angeles’ exclusive Holmby Hills which has played host to thousands of celebrities and beautiful women over the years.



Sherelle & Don Benson – Top Agents for Total House Sales in Takapuna

S & D Benson




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House hunters on a budget will now be able to narrow their search thanks to an online tool which helps establish if their dream suburb is within reach.

ASB Bank has launched its Suburb Seeker tool which provides buyers insight into the percentage of properties within a certain budget in each suburb around New Zealand.


The Suburb Seeker tool was co-designed by property valuation provider Valocity, and ASB.


When marketing guru Ali Brown decided she wanted to run her own business, she was flat broke.

Now she’s got millions in the bank and posse of loyal followers, with budding entrepreneurs handing her fees of up to $65,200 ($US50,000) to teach them how to do the same, news.com.au reported.


Ali Brown taught herself how to get clients and build a profitable online business – eventually becoming a millionaire at 35. Photo / Supplied


It’s Mission Bay’s day in the sun on the Auckland property scene.

Mission Bay has been named the top Auckland suburb for house price growth last year.

Barfoot & Thompson, which handles about a third of the market, has put out its “top 20” hotspots for growth and Mission Bay came up trumps.

Prices in the desirable beachside suburb shot up 53 per cent to $1,787,500, an increase of $620,000 and a third more than any other area.


Three French tourists enjoy the sun on Auckland’s Mission Bay Beach at Christmas.



The housing market is in for a “pronounced and overdue slowdown”, with national house price inflation forecast to fall to about 5 per cent a year, says one of the world’s top three credit rating agencies, Fitch.

“Affordability pressures and tighter regulation” of lending ratios, along with some progress on housing shortages, will drive the change.


New Zealand is said to be one of the three “hottest” retail estate markets in the Asia-Pacific region at present. Photo / Brett Phibbs


It will be another strong year for the real estate industry, according to BNZ’s chief economist Tony Alexander. But those buying in the regions are being put on notice.

Alexander says firm migration inflows, a strong economy and an increased worsening of housing supply in Auckland will keep it a seller’s market.



Private sponsors will soon be paying for the basics for 3400 Kiwi kids whose parents are often struggling with rising rents.

More than 2800 needy children are already being sponsored by the charity Variety’s Kiwi Kids scheme, launched in 2013, and a further 600 are on its waiting list – 350 of them in Auckland.




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Aucklanders are once again starting to put their houses on the market, according to the latest figures released today by Real Estate Institute of New Zealand (REINZ), source of the most recent, complete and accurate real estate data in New Zealand.

After months of record low numbers of houses available for sale across Auckland, the number of properties for sale in the region jumped by 1,135 (17%) compared to January 2016. This contrasts with declining numbers of properties for sale nationwide, with 3,743 fewer houses for sale in January compared to 12 months ago. Excluding Auckland, the number of properties for sale has fallen by 4,878 (-22%) over the past 12 months.

PowerPoint Presentation


Press Release and Residential Data Table – January 2017

Regional Commentary – January 2017


Sales volumes see seasonal drop in January as Auckland & national median house prices rise year-on-year

After months of record low numbers of houses available for sale across Auckland, the number of properties for sale in the region jumped by 1,135 (17%) compared to January 2016. This contrasts with declining numbers of properties for sale nationwide, with 3,743 fewer houses for sale in January compared to 12 months ago. Excluding Auckland, the number of properties for sale has fallen by 4,878 (-22%) over the past 12 months.



More New Zealanders are forecast to move house next month than at any other time this year, according to a survey which predicts more than 1000 residential shifts a day based on a three-year trend.

Kit Greer, chief executive of Kiwi business iMoved.me, has studied the last three years of house sale and rental bond data and found March is by far the busiest month, probably due to the end of the holiday season and good weather.


March is the busiest month for New Zealanders to move house. Picture / Chris Loufte





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One of New Zealand’s most “appalling” fraudsters could face a second spell behind bars on Fantasy drug smuggling charges.

Miles John McKelvy, 58, sat at the pinnacle of a sophisticated mortgage ramping scheme which scammed millions of dollars from vulnerable low-income home buyers.


Miles John McKelvy, convicted fraudster and twice-discharged bankrupt, pictured in 2001. Photo / NZ Herald.




Reserve Bank deputy governor Grant Spencer says it’s still too early to declare victory with the recent slowdown in house prices and the central bank will be monitoring demand pressures from migration and the ability of the construction sector to convert intentions into actual builds.





The Reserve Bank said it would keep its official cash rate (OCR) unchanged at 1.75 per cent, in line with market expectations.

The bank said a recovery in commodity prices and more positive business and consumer sentiment in advanced economies have improved the global outlook. However, it said major challenges remained in the form of on-going surplus capacity in the global economy and rising geo-political uncertainty.




A Waiheke mansion owned by former All Black Marc Ellis has been sold for $8.2 million.

The luxury beach house nestled in the exclusive gated Matiatia Estate, overlooking the Hauraki Gulf, was bought by Auckland property developer Ted Manson.


A Waiheke mansion owned by former All Black Marc Ellis has been sold for $8.2 million. Photo / Dean Purcell


Tenders close later this month for the 33ha Auckland farm owned by Eric Watson’s international private investment company, Cullen Investments.

Watson is founder and executive chairman of Cullen whose investments span from lingerie with its big Bendon brand to sport with the Warriors, bloodstock and hospitality with Soul Bar and Bistro.


Watson, pictured when he announced changes at Bendon just before Christmas. Photo/Greg Bowker


Wellington has become the country’s biggest urban market for first-home buyers, as investors struggle to meet tighter mortgage criteria.

Data prepared for Westpac by property data firm CoreLogic shows first-home buyers made up almost 29 per cent of all sales in the Wellington market last year.


Ravi Ramaiah and Priya Mohankumar have recently bought their first home in Woburn, Lower Hutt.


Major international hotel chain Hilton has finally settled on a location for its first hotel in Wellington.

The chain, which has been eyeing the capital for some years, will be going into the renovated T&G building, also known as the old Harcourts building on Lambton Quay.


The site of Wellington’s new Hilton hotel to be opened late this year.


While saving for a holiday or any other luxurious treat is doable, it can be tricky to keep the savings pouring in over an extended period of time when there’s nothing to save for.

And after the indulgent holiday season, many are struggling to get back on top of their finances.


Easy breezy! Financial adviser Canna Campbell shared her top five ‘rituals’ for people to follow for easy long term savings


A real estate agent acquitted of dealing drugs has accused police of trying to ruin her life.

Tonya Spicer, 47, was sacked this month by Bayleys despite being found not guilty of supplying methamphetamine after a trial in the Auckland District Court.

Her boss initially stuck by her, telling staff she was an “innocent victim”, but then sacked her after police provided information to Bayleys that had been obtained unlawfully and ruled inadmissible at trial.


Tonya Spicer’s Bayleys web page. She was sacked even though she was acquitted by a jury.


Many think that the Property Market won’t go through a correction phase. Why? Not sure – it always does and always will – and many can’t even remember back to 2007/08. When a market correction comes it can come hard!

We are starting to see some real concerns in global markets and now here locally…



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