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…

New Zealand Real Estate Market on the Rise with Increase in First-Home Buyers   New Zealand’s housing market is showing an upward trend, fueled by a surge in first-home buyers. According to the latest Housing Price Index from the Real Estate Institute of New Zealand (QV), the average housing price in September rose by 0.9%…

New Zealand’s New Home Building consents Decline by 17% Through August   New Zealand, October 4 – The issuance of new home building consents in New Zealand recorded a total of 42,110 units through August of the past year, marking a 17% decrease compared to the same period last year. Based on data released on…