Confidence in housing market up, ASB survey shows   Confidence in the housing market is perking up, with more people believing house prices are now past their lows and are set to increase, according to a new ASB survey. The bank’s just-released housing confidence survey shows 8 percent of the 2900 respondents expected house prices…

Trade Me Reports Ongoing Increase in Weekly Rental Rates in New Zealand   According to Trade Me, over the past year, weekly rental median values have risen by over 10% in six regions of New Zealand. The latest rental data reveals that in September, the nationwide weekly rental median remained at $620 for the fourth…

Tenancy Tribunal: Landlords to pay $14,000 after raw sewage left pooling from septic tank   The Tenancy Tribunal has issued a ruling requiring a landlord to compensate a tenant with $14,000 for neglecting a septic tank. According to the verdict, the tenant was paying a weekly rent of $200, yet the residence was not approved…

QV data shows residential property market slowly recovering   The residential property market is showing signs of “revitalisation” throughout the country, according to Quotable Value. The market remained largely flat overall, with the average home value increasing by just 0.9% in the September quarter to $899,256, the latest QV House Price Index showed. However, twice…