Housing market still red hot as auction week fires up

Housing market still red hot as auction week fires up
Under the hammer: this Herne Bay home, on Kelmarna Ave, sold over the weekend for $3.05m.
Brent Melville
The government’s moves last week to douse investor enthusiasm has done little to quell the party atmosphere in auction rooms as the housing market shifts into high gear ahead of Easter.While tax changes “won’t have been welcome”, Campbell Dunoon, auctions manager at Barfoot and Thompson, said he doesn’t expect removing interest deductibility or extending the brightline test to have an immediate impact on buyers’ appetite.Dunoon said he expects the market to adapt, as it did in Australia, where stamp duties in...

More Property

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025