Page 3 - Tom Lintern News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 value rose from $640,000 to an estimated $862,000, and Clendon Park from $530,000 to $711,000. Also in...

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 than the regional price cap for existing properties. WARWICK SMITH/Stuff Whanganui’s median sales pri...

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 cent over the year to March, at $620,990. That’s an increase of $82,965 on the same time last year....

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 $690,000. SUPPLIED This Papakura house has changed hands eight times since it was built in the 1960s....

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 can't 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. After months of prediction-busting house price rises, will we still see a cooling off of listings al...