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65 found - page 6 of 10

  • Owner hopes to restore historic scow

    Source: odt.co.nz Its owner has big plans for old scow The Portland, which continues to decay where it is beached on the lower reaches of the Owaka River, near Pounawea. In April 2011, the scow, which had been moored 400m upriver for more than 30 years, sank in the Owaka River after it was damaged by floating logs and took on water. It was refloated by members of the Owaka Volunteer Fire Brigade. Its sale and resale has been the subject of media interest over the past few...

    Sun 17th Jan 2016

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  • 'Nesting' move behind NZ retail boost

    Source: nzherald.co.nz A culture of 'nesting' brought about by confidence in high property values added to New Zealanders' record spend of $6 billion in December, according to a retail expert. Retail analyst Chris Wilkinson said Statistics New Zealand's recording of $6 billion spent on electronic card transactions in December was in line with the confident mood of the retail sector. Spending in homeware and garden sectors he called "nesting" was strong, Wilkinson said. "All those kind of...

    Thu 14th Jan 2016

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  • New Year's resolution: Buy a house

    Source: stuff.co.nz This may be the year more New Zealanders decide to take the leap into their own homes.Loan-to-value restrictions introduced at the end of 2013 made it harder for borrowers to get loans with a deposit of less than 20 per cent. That led to a sharp reduction in the number of first-time buyers in the market. But at the end of 2015, there were signs that they were starting to return, and that is tipped to continue. Data supplied by research firm CoreLogic shows investors are...

    Tue 12th Jan 2016

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  • Retirement savings boost first-home buyers into property market

    Source: stuff.co.nz KiwiSaver is getting the credit for getting more first-home buyers into the property market this year.A growing number of first-time buyers are purchasing properties.First-home buyers made up 21 per cent of the New Zealand market, excluding Auckland, at the end of last year, a figure that has steadily grown from 17 per cent at the start of 2014.In Auckland, the percentage of sales to first-timers increased from 19 per cent in January 2014 to 23 per cent at the end of...

    Mon 11th Jan 2016

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  • Housing construction hits one billion dollars per month

    Source: guide2.co.nz The growth in residential building hit an all-time record of a billion dollars of work consented in a month for the first time ever, Building and Housing Minister Dr Nick Smith noted today in response to Statistics New Zealand building consent data. "These latest figures are very encouraging and confirm the success of the Government’s policies to grow housing supply. The 26,793 consents for new homes in the year to November is the highest in more than a decade, as...

    Mon 11th Jan 2016

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  • Top 10 property sector predictions for 2016

    Source: stuff.co.nz 1. Investment demand increases Post-GFC global economic and financial management by Reserve Bank governors have driven down cash and bond yields, propelling property to the forefront of decision making for 'yield hungry' investors. The low inflation, low interest rate environment with buoyant business activity has produced a 'snowball effect' on value growth that has picked up speed and will not slow down this year. 2. Politics and planning distract markets and...

    Mon 11th Jan 2016

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  • Value of home loans approved at record high

    Source: Radio New Zealand The value of new mortgage approvals reached a record high in the past month. Weekly loan amounts passed $1.5b the biggest weekly figures since the Reserve Bank started recording them in 2003. But the number of approvals stood at 7,777 far lower than the high of 11,193 in December 2006. Economist Shamubeel Eaqub said the total value of new home loans may be at a record high, but new lending criteria was working as it should. The latest figure was for fewer than...

    Wed 30th Dec 2015

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