Mark Honeybone News Today

Rising median prices dominate the headlines, but the fact many properties sell for below those prices is often overlooked.

But he warns that, while the income is good, “the initial outlay is much more than you expect. All the services add up. The cost of plumbers down here is insane, and the electrical work”. The cabins were finished two years ago and are now let out for about $180 a night each, with about 80 per cent occupancy. Supplied Richie Pearce says the cabins cost more than he expected to build, but the income from letting them out is coming in handy. With property prices sky-high and climbing, shoul...

RNZ The Housing Minister says there are so many different figures being thrown around - from 28,000 to 200,000 - that its impossible to put a specific figure on it (video first published in February 2021). The average income of contractors working in real estate services, which includes most real estate agents, has boomed during the housing crisis. Tax figures show average earnings before tax (which included self-employment income and commissions on the likes of property sales) jumped 73 per c...

The house represents the beginning of his property journey, he says - and yet it was an “accidental” purchase. This might sound a bit odd but, in fact, recent research conducted for property listings website Realestate.co.nz suggests that it is not that unusual. In the November 2020 survey, 14 per cent of respondents said they had bought a property when they hadn’t originally intended to do so. Of those who had done so, 4 per cent had done so in the past 12 months while 4 per cent h...

RNZ Real estate agents are accused of adding fuel to the red-hot property market by manipulating so-called estimated prices on websites. With the housing market running red-hot, sellers could be forgiven for seeing real estate as a money-printing machine right about now. More properties were sold in November than at any other point in the past decade. Median sale prices have increased by $24,000 in just over a month. The most successful agents on Homes.co.nz – Yvenna Yue and Craig Annandale ...