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Leaky home victims could sue for stress

NZ Herald, Thu 9 Aug 07 5:00 AM

The owners of leaky homes would be eligible for general damages, including compensation for mental distress and anxiety, under legislation debated by Parliament yesterday. A High Court decision in March found that the Weathertight...

5-year housing bubble may be about to burst

NZ Herald, Mon 30 Jul 07 5:00 AM

There are signs New Zealand's five-year housing boom is coming to an end, with a survey out today showing Kiwis are less confident that house prices will keep rising as higher interest rates start to bite. The quarterly New Zealand...

Suburbs break through $1 million property milestone

NZ Herald, Sun 15 Jul 07 5:00 AM

It seemed improbable even five years ago, but New Zealand is about to claim its next big first - the million-dollar suburb. Experts say several areas are racing to the $1 million median house price mark, with the first likely to...

'Tale of two markets' confusing property buffs

NZ Herald, Sat 14 Jul 07 5:00 AM

Real estate agents City Sales says there is no better time than now to be buying apartments. And City Sales says there is no better time to be selling apartments too. Confused? City Sales principal agent Martin Dunn posted...

Reserve Bank suggests gains tax on rentals

NZ Herald, Mon 18 Jun 07 5:00 AM

The Reserve Bank has again floated the notion of a capital gains tax on rental investment property once it is sold, but at half the normal tax rate.A capital gains tax has been repeatedly proposed as a means to dent the demand...