March 19, 2024

The longtime president of the NZPIF discusses his greatest regret and proudest accomplishment. The longtime president of the New Zealand Property Investors Federation (NZPIF) has resigned after working on behalf of property investors for a quarter of a century. Andrew King, one of New Zealand’s top lobbyists, is heading on a seven-month motorcycle ride from San Francisco to Santiago, Chile, with his wife, as part of a plan to motorbike throughout the Americas. In a letter to members, King listed his accomplishments, which included preventing the introduction of capital gains taxes “not once, not twice, but three times,” continuing to

The owners of one New Zealand home are offering a free Tesla to potential buyers to boost interest in their property as the housing market continues to decline. Brand new Tesla and brand new home: that’s the tagline for an ad for a five-bedroom property plus a granny apartment in Auckland. High mortgage rates have scared away many would-be purchasers in New Zealand’s property market, contributing to a steady decline over the past year. The latest statistics from the Real Estate Institute of New Zealand (REINZ) reveal that the yearly drop in the median house price was 10.9%, to $825,000.