homegoals

A rise in construction costs has been blamed on New Zealand‘s efforts to open the market up to more competitors and novel items. A study by the Commerce Commission looking into the residential building materials market was released on Tuesday in Wellington. The government has since indicated its readiness to implement the report’s recommendations. The competition regulator has recommended making it more straightforward for innovative construction materials and practices to enter the New Zealand market and for existing competitors to grow. For alternative goods that provide customers more options, “it’s tougher for them to get into or develop in the

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.