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Property news and analysis. Commercial property in need of seismic strengthening sells at net rental yield of 3. The fact that a property was about to lose its tenant and needed refurbishing didn't deter investors who could see its potential.
A mixed bag for first home buyers in February with prices up in some regions and down in others. Low interest rates have kept mortgage payments affordable for first home buyers in spite of record house prices at the bottom end of the market. Auction activity suggests the housing market remains remarkably resilient in the face of coronavirus onslaught. House buyers remain upbeat in the face of coronavirus threat.
No sign of downturn in house prices or sales volumes as buyers thumb their noses at coronavirus threat. Brian Fallow gives some initial thoughts on the Government's coronavirus relief package. Beneficiaries key beneficiaries of the Government's coronavirus economic relief package, but Brian Fallow is surprised by the restoration of the depreciation deduction on commercial and industrial properties.
Home renovation work starting to wane in Auckland and Canterbury. Less money is being spent on home renovations in Auckland and Canterbury. Coronavirus be damned - investors bid up a storm at Bayleys' latest commercial property auction. Financial markets may be in meltdown but there was competitive bidding at Bayleys' latest commercial property auction. Strong house price growth in Auckland's upmarket districts in February.
Auckland house prices largely flat but prices are continuing to rise in other regions, the Real Estate Institute of New Zealand says. Big drop in the number of people who think it's a good time to buy a house, ASB survey shows.