Simon Lugton News Today

A new six-storey development at the north end of Victoria St will feature nine New York styled loft apartments.

Almost a third of homes sold in Hamilton during August fetched a seven-figure price.

Real estate bosses predict Hamilton's housing market won't lose much heat from the snap lockdown.

But whether Hamilton house prices are affordable depends on who you ask. RICKY WILSON/STUFF Housing Minister Megan Woods announces $1b funding to speed up housing development. Video first published in June 2021. “If you ask first-home buyers they’d say definitely not,” Bayleys Hamilton branch manager Mike Gascoigne​ said. “In terms of first-home buyers, it’s getting to the stage where it’s quite hard for these people to get into the market unless you’ve got family helping you...

However, it’s not the 1980s house that helped Lodge real estate agent Blair Pointon secure the sale but the 809 sqm of flat land underneath it. “Sunnyside was a family home looking to sell. I sold one down McKinley Place in the early $500s, so they thought that is what they would get.” “Anything over 1000 sqm that is flat and in a good area tends to be ideal. Quarter acre sections are very desirable, once you get under 1000 square metres they become less and less desirable.” Hamil...

And Hamilton’s white-hot property market shows no sign of cooling, with the median price climbing 17 per cent to a record $750,000 during the same period. Last week, the Reserve Bank reintroduced loan-to-value ratio (LVR) restrictions on home loans. Banks are now required to limit the amount of lending they do to owner-occupier borrowers with less than a 20 per cent deposit to no more than 20 per cent of total new lending. Christel Yardley/STUFF A penthouse apartment inside Hamiltons Marlbo...

Almost 18,200 properties in the bracket were sold in Aotearoa in 2020, which is an increase of 68 per cent on 2019, and well more than the 2016 record of 11,619. “This was the third consecutive year that New Zealand has seen a year-on-year increase in $1 million plus properties sold,” REINZ chief executive Bindi Norwell said. Stuff Lack of supply is creating a competitive market, Harcourts Hamilton general manager Brian King said. "The markets very, very hot at the moment,” Harcourts H...