Garry Malcolm News Today

Aucklanders are competing with locals buyers in a tight New Plymouth housing market.

Halfway along State Highway 3 lies the small town of Waverley, and possibly the biggest property bargain on the market.

A Taranaki pensioner who bought a house in a mortgagee sale for $46k four years ago still can't get the former owner out.

Values in the villlage have surged 25 per cent in the last year, the data aggregating website shows. By comparison New Plymouth beachfront suburbs of Fitzroy and Strandon have a median house price estimates of $690,000 and $710,000 respectively. “Oakura has always been a popular area for purchasers who are looking for a village and beach lifestyle,” Real Estate Institute of New Zealand (Reinz) New Plymouth ambassador Garry Malcolm said. In Oakura, there were six residential dwelling pro...

House prices have been skyrocketing across New Zealand over the last year. Recent changes to rules around owning residential property may see investors swapping to buy commercial property instead, a New Plymouth commercial real estate agent says. Colliers International agent Benet Carroll​ said some residential investors were selling up and swapping their focus to the commercial sector, which was not affected by new Government policies to make housing more affordable. The changes targeted i...

With the demand on homes continuing to outstrip supply, Taranaki has reached a new record median house price.

Andy Jackson/Stuff With the price of existing properties going through the roof, demand for house and land packages from franchise builders like Signature Homes is growing. (file photo) Taranaki’s booming property market is driving demand for new homes, but as many buyers look to build section prices are soaring too. Signature Homes Taranaki managing director Geoff Mockett said he had seen a noticeable boost in demand for house and land packages in the reigon. This was due to the booming p...

“I don’t think that’s going to change in a hurry.” Taylor said first home buyers attempting to get a property for under $500,000 were really struggling, as were local second and third time buyers looking to upgrade and find homes in the $650,000 plus range. “I feel really sorry for local people that are trying to get into the market at the moment.” REINZ Taranaki spokesman Garry Malcolm said some of these out-of-town buyers were purchasing property without even viewing it first...