Mood of market changing, Barfoot says, as sales pick up   Barfoot & Thompson says the level of “buyer motivation” in the property market was at the highest level in more than two years in August – and 6.4% of sales were in the price bracket that would be open to foreign buyers under National’s…

National Party, 15% Tax on Homes Exceeding $2 Million for Foreign Buyers   The National Party has unveiled a new policy. According to this policy, a 15% tax will be imposed on foreign buyers purchasing homes valued at over $2 million. Consequently, the real estate market and property investor associations are displaying positive responses.  …

Rents rising for commercial property in Auckland   Auckland’s commercial real estate market is fetching increasing rents. Property manager firm JLL said rents on Auckland’s commercial property sectors were trending up, with a new benchmark of $5500 per square metre for top prime luxury retail. Industrial, office and retail sectors across New Zealand’s three main…

Rising Arrival of International Students Boosts Apartment Market   The influx of international students has led to an upward trend in the apartment market, signaling a positive shift. According to CoreLogic, a real estate data analysis company, the return of tourists and international students has prompted a recovery in the apartment market. While the housing…