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Economists Pick Good Growth For New Zealand

The loose consensus seems to be that GDP growth is going to be less flash than previously expected next year. But it’s not crashing through the floor either, Liam Dann writes. The verdicts are in and despite what Forbes contributor Jared Dillian says, there are no economists picking a recession for Jacinda Ardern’s Government. Most of New…

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NZ Migration Rose In October

New Zealand annual net migration rose in October and remains high by historical standards although it’s lower than the record reached in July this year. Annual net migration rose to 70,700 in the year to October, from 70,300 in the same period a year earlier, Statistics New Zealand said. The figures show 72,100 non-citizens arrived…

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Investors Hold Onto Properties

LVR restrictions contributing to low listings and high prices in Palmerston North market, insiders say. Palmerston North property accountant Shane Storey says investors are sitting on their properties because banks are looking to claim sales proceeds to bring their loans into line with lending restrictions introduced last year. Lending restrictions may be adding pressure to…

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District Court Backs Landlord For $10,000

A court has overturned a controversial Tenancy Tribunal ruling. A court ruling that might have paved the way for thousands of rent refunds has been overturned, leaving the tenant with a $10,000 bill to pay her landlord. A Dunedin landlord was ordered to refund $10,000 of rent back to a tenant, Natalie Parry, because she…

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Rental Shortage Sees Tenants Agreeing To Houses In Rural Areas

  Taupō renters are looking out of town as a housing shortage cuts down urban rental options . Aucklander John Keepa Grey has been looking for a home since September. The 72-year-old has money, he doesn’t smoke or drink, but he’s been unable to find a rental anywhere around Lake Taupō – even after four visits. First-home-buyers…

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Wellington Could Be Heading For Its Worst Rental Crisis Ever, Property Experts Warn

Rental prices are predicted to increase up to 20 per cent more than it usually would during the busy months of 2018. Wellington could be staring down the barrel of the worst rental crisis in the city’s history, property experts say. Record rent increases are forecast to hit the capital during early-2018, fuelled by predicted growth in…

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