Time not right for a rental warrant of fitness, landlords say
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Bare land included in $1bn tax crackdown on housing speculators
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Geraden Cann05:00, May 26 2021
STUFF
Reserve Bank deputy governor Geoff Bascand highlights some of the risks associated with the current housing market conditions.
With house prices up 24 per cent in a year and nearly a third of all mortgage debt now carried by highly-leveraged buyers who took out loans in the last two years, key players are concerned any interest rate rises could damage the housing market and have flow-on effects to the whole economy. Among those voicing concerns are ex-Prime Minister and ANZ non-executive director John Key and Real Estate Federation president Andrew King. The Reserve Bank has flagged concerns of its own, stating in its May Financial Stability Report (FSR) that “risks associated with the housing market are accumulating” despite the country’s financial system coping well with the pandemic.
Auckland property prices: Homeowners to get bombshell valuations: new date out
18 May, 2021 05:00 PM
5 minutes to read
House sells for double its valuation with 24 offers. Made with funding from NZ On Air.
House sells for double its valuation with 24 offers. Made with funding from NZ On Air.
NZ Herald
Auckland homeowners can expect a bombshell rise in their council valuations when city-wide revaluations are released later this year, a property lawyer says.
City house prices have soared 35 per cent since the last valuations in 2017, with Auckland Council revealing it now expects to issue new valuations – officially known as capital values or CVs – this October.