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News

Keep up-to-date with the latest real estate and property management news. From legislation and the economy to PropTech — we’ve got you covered.

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11/02/2024

Introduction to the Tāmaki Makaurau Storm Recovery Office

The Tāmaki Makaurau Recovery Office is coordinating the recovery efforts on behalf of the Auckland Council Group, New Zealand government and partners, following the extreme weather events in early 2023.

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11/02/2024 6:51:00 PM

13/02/2023

Extreme weather: FAQs for property managers

​Our thoughts are with those of you and your wider families who have been affected by the flooding and Cyclone Gabrielle. We have collected a number of frequently asked questions for property managers to help guide you through this challenging time.

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13/02/2023 6:51:00 PM

22/11/2022

Ministry of Justice publishes final report on our AML/CFT regime

On 7 November 2022, the Ministry of Justice published its final report and recommendations on the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act — its final suggestions are welcome news to us and the real estate profession.

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22/11/2022 6:51:00 PM

22/11/2022

Government announces rental sector reform

On 22 November, the Government made an announcement on rental sector reform including the introduction of a Bill to regulate the property management sector.

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22/11/2022 6:51:00 PM

08/11/2022

REINZ supports Build-to-Rent exemption from interest limitation rules — but calls for clarity

REINZ supports the Government’s announcement of a new exemption from the interest limitation rules for qualifying Build-to-Rent assets. However, further clarity is required to ensure Build-to-Rent assets can be successfully sustained in New Zealand.

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8/11/2022 6:51:00 PM

08/11/2022

Unit Titles Amendment Act – dates you need to know

The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act 2022 (the Amendment Act) became law on 9 May 2022. The commencement dates for the Amendment Act have now been announced. We specify the dates important to you.

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8/11/2022 6:51:00 PM

17/08/2022

Fair Trading Amendment Act 2021 changes now in force

The Fair Trading Amendment Act (the Act) changes came into force on 16 August 2022. Real estate agencies should review their business-to-business contracts and trading practices to ensure they do not fall on the wrong side of the law.

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17/08/2022 6:51:00 PM

07/07/2022

Initial changes to CCCFA lending rules now effective

The Government has issued new guidance in the Responsible Lending Code and tweaked the Credit Contracts and Consumer Finance Regulations 2004. The latest changes relax the responsible lending rules. We examine what these mean for borrowers.

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7/07/2022 6:51:00 PM

20/05/2022

REINZ sees 2022 budget’s support for first home buyers as positive step

REINZ welcomes the budget announcement, particularly changes to First Home Grants and First Home Loans, which better reflect the reality of the housing market and will be welcome news for weary first home buyers.

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20/05/2022 6:51:00 PM

12/05/2022

Amended Healthy Homes Standards now in force

Changes to the Healthy Homes Standards came into force 12 May 2022. This includes changes to the heating, ventilation, moisture ingress and drainage standards.

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12/05/2022 6:51:00 PM

05/05/2022

Amendments to Unit Titles Act will deliver greater protection for owners and buyers

The Unit Titles Amendment Bill has passed its third reading in Parliament and will shortly receive Royal Assent. REINZ welcomes the news, which will deliver greater protection for owners and buyers.

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5/05/2022 6:51:00 PM

27/04/2022

REINZ supports residential property manager regulation

REINZ welcomes the Government’s proposed regulation of residential property managers. As the industry body representing the vast majority of real estate professionals, REINZ has advocated in this space for several years.

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27/04/2022 6:51:00 PM

04/02/2022

Auckland, Waikato and Canterbury see substantial increase in $1 million-plus property sales

In 2021, the number of $1 million-plus property sales increased by 69.1% compared to 2020, with regions including Auckland, Waikato and Canterbury seeing significant growth.

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4/02/2022 6:51:00 PM