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

Officials move on Richard Yan’s castle
Property

Officials move on Richard Yan’s castle

Richard Yan's extensive heritage property is being sold following his bankruptcy.

Tom Raynel 26 Jul 2024
Action against Hawkins directors stalled
Property

Action against Hawkins directors stalled

Proceedings by the failed group's liquidators relate to a leaky building claim.

Maria Slade 24 Jul 2024
Arvida buyout lifts retirement sector
Property

Arvida buyout lifts retirement sector

On Tuesday, Arvida traded volumes of $127 million. Its competitors followed suit.

Gregor Thompson 24 Jul 2024
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

Gregor Thompson 23 Jul 2024