Page 2 - Tom Lintern News Today

While the new valuations are being set now, they won’t feed through to rates bills until 2022 after the being formalised later this year, with the trend affecting cheaper suburbs, similar to 2014. Seven of the 10 highest-rising median values over the past four years, include Māngere East on 34.75 per cent, East Tamaki and Clendon Park over 34 per cent, Clover Park on 33 per cent, and Otara, Māngere and Rosehill over 32 per cent. Typical of the surge was Māngere East where the median val...

Lower house prices and job opportunities are attracting more property buyers to the King Country. More than 85 towns around the country have a median sale price of less than the regional price caps for Government-backed First Home Loans, according to new data from Homes.co.nz. Using data from towns which had at least 10 sales in the last six months, Homes.co.nz found 88 towns had a median sale price less than their regional price cap for new builds and 53 towns had a median sale price less tha...

Stuff The bright-line test has been doubled in length and tax loopholes have been closed as the Labour Government moves on property speculators. Dunedin has experienced a meteoric rise in house prices over recent years but remains a more affordable option than many North Island centres. In common with markets around the country, Dunedin has seen rapid strong price growth in the wake of last year’s lockdowns. CoreLogic’s latest data shows its average property value was up by 15.4 per ce...

One of the most-sold properties in Papakura was built in the 1960s, with three bedrooms, one bathroom and a garage. It remained in the same hands until April 2012 when it sold for $208,000. Its price rose for each of the six transactions between then and December 2016, when it was bought for $640,000. The next buyer was in luck however – when it next sold, in December 2019, the last time it changed hands was for $557,000. Its current value estimated by homes.co.nz is between $630,000 and $...

UNSPLASH Real estate agents are all over the map when asked to predict whether the colder weather will see a cooling off of the housing market. The best time to sell a property has historically always been spring, when buyers were neither sunning themselves at the bach, nor on a three-week mid-winter escape to Europe. Some houses simply cant be made to look their best in the dark and cold of winter. But that’s in a normal year – and we all know that things are far from normal right now. A...

“A combination of low interest rates, low supply and a fear of missing out are driving prices to values that would have been unbelievable even a few months ago.” The results didn’t come as a big surprise given how the market had been trending, he said. But while sale records were spread nationwide, it was Dunedin which set the most records, with 11 different suburbs in the city seeing new highs. Three Dunedin suburbs – Vauxhall, Waldronville and Bradford – set new sales records of...

Auckland, which now has a median value of $1 million, dominates the most expensive suburbs. Of the 10 most expensive suburbs, nine are in Auckland and one is in Wellington, according to Homes.co.nz. The 10 most expensive suburbs are Herne Bay, Saint Mary’s Bay, Shamrock Park, Oriental Bay (Wellington), Westmere, Ponsonby, Stanley Point, Remuera, Epsom and Campbells Bay. Their median price ranges from $1.94m in Campbells Bay up to $3m-plus in Herne Bay. Homes.co.nz chief data scientist Tom...

THREE Even the locals wonder at the sense of building a new house on a beach that is eroding every year, but Mark and Pip Pennington are up for it. Summer holiday-makers dreaming of buying their own waterfront property will have to be ready to spend big bucks, new data shows. Waterfront homes tend to come with a hefty price premium and properties in New Zealand’s summer hot spots command some of the largest, according to Homes.co.nz. The iconic beachside town of Mount Maunganui tops the pre...

In the last three years, residential property prices in the region have ballooned 51.4 percent - from $518,000 in 2017 to $785,000. An avid follower of the website homes.co.nz, Edward was horrified to learn it was a simple matter for agents to bump up the estimated value of a property by uploading their own appraisals. "And quite often it goes way above the market rate for that area." In a blog post, which dropped off the website when it was re-platformed, marketing manager Fiona DSilva Moiyadi...