Stuff
The bright-line test has been doubled in length and tax loopholes have been closed as the Labour Government moves on property speculators.
Dunedin has experienced a meteoric rise in house prices over recent years but remains a more affordable option than many North Island centres. In common with markets around the country, Dunedin has seen rapid strong price growth in the wake of last year’s lockdowns. CoreLogic’s latest data shows its average property value was up by 15.4 per cent over the year to March, at $620,990. That’s an increase of $82,965 on the same time last year.
John Bisset/Stuff
With peace, beauty and convenience, why not live year round at Invercargill s Beach Road Holiday Park?
With Kiwis embracing domestic travel during the pandemic and interest rates at record lows, holiday homes are in hot demand, real estate agents say. But with New Zealand house prices surging, setting record median prices for four months in a row, many are looking outside traditional holiday hot spots for their baches and cribs.
Destination Great Lake Taupo/Supplied
Omori, by the Kuratau River on the southern shores of Lake Taupo, is an up-and-coming destination with holiday home buyers, Mayne says. Century 21 New Zealand owner Derryn Mayne said she has seen an explosion of interest in coastal properties over the past nine months thanks, in part, to the rise in remote working and Kiwis discovering new parts of the country.