Australasia property and real estate news

Forced property sales at all time high in New Zealand

Wed, 08 Jul 2009 12:28:58 +0100

Forced property sales in New Zealand are more than four times higher than a year ago as the impact of the global downturn hits vulnerable real estate owners harder than expected.

Price falls slowing in NZ residential property market

Mon, 06 Jul 2009 15:28:44 +0100

The decline in residential property values in New Zealand is slowing and a shortage of available real estate for sale could hasten a recovery, according to the latest index.

Oz property investors put off by large number of grant-aided first time buyers

Sun, 28 Jun 2009 15:43:01 +0100

The Australian government's grant scheme for first time buyers has been so successful that property investors are delaying purchases until they leave the market, it is claimed.

Luxury property in New Zealand taking a pounding

Sun, 21 Jun 2009 14:13:51 +0100

Luxury properties in New Zealand are among the hardest hit by the real estate downturn, according to figures from the Real Estate Institute.

Leading NZ bank revises property price slide but concerns remain

Wed, 17 Jun 2009 13:28:41 +0100

The Reserve Bank of New Zealand believes that property prices will not fall as much as it had previously predicted despite the number of transactions declining.