TradeMe Sparks Discontent in Real Estate Industry with 30% Success Fee Hike   New Zealand’s online trading platform, TradeMe (Trademe.co.nz), has raised success fees for business owners by approximately 30% starting from October 1st. This move has prompted criticism from numerous real estate managers, who accuse TradeMe Property of monopolizing leasing and increasing fees without…

ANZ: House prices going up faster than we thought   ANZ says it now expects house prices to lift about 4% over the second half of this year, and to continue to rise at their current pace until autumn next year. Previously, the bank had predicted growth would be 3% and then flatten in 2024….

Real Estate Agent Found Guilty and Fined Due to Water Leakage Issue   In a recent development, a real estate agent has been found guilty and fined a total of $11,000 for waiting until the completion of a property sale to disclose a water leakage issue. The property in question had humidity levels eight times…

The most expensive districts to rent in Aotearoa as supply dwindles and demand surges   Auckland North Shore: New Zealand’s Highest Rent-Paying Area   According to recent data from TradeMe, tenants in the Auckland North Shore area faced an average rent increase of $30 in July, bringing their monthly rental cost to $730. Meanwhile, in…