Property

The New Zealand property market experienced a significant surge in 2024, with over $115 billion worth of residential property listed, marking a $19 billion increase compared to 2023, according to realestate.co.nz. Among the notable trends, Southland stood out with an impressive 4.9% growth in average asking prices,

* Southland median home prices hit record highs, with strong demand driving growth. * New listings in Southland rose 7.3%, contrasting with the national decline in listings. * Balanced market conditions in Southland offer steady opportunities for buyers and sellers. Southland’s property market finished 2024 on a high note, standing out

It’s been a great year for Mandy Jordan from The Mortgage Supply Co - with the team clocking over 100 contracts in 2024 and the years not over. Business has been strong because Southlanders are “amazing and resilient” and know that home ownership is a long term game, she

* Council purchased Henderson House in Invercargill for $3 million plus GST. * Building refurbishment is budgeted at $15.75 million and planning will begin soon. * Henderson House aligns with Council's future local government reorganisation plans. Southland District Council will bring its staff together under one roof after purchasing Henderson

* Reserve Bank’s OCR cut of 50 points triggers immediate mortgage rate reductions by banks. * Finance Minister highlights financial relief for families and businesses across New Zealand. * OCR reductions since August total 125 points, boosting borrowing power and easing budgets. The Reserve Bank has reduced the official cash rate (OCR)

* Government receives record-breaking submissions on proposed changes to build granny flats more easily. * Homeowners and industry workers highlight council processes as barriers to affordable housing growth. * Next steps include detailed policy design with legislation expected by 2025. Nearly 2,000 submissions have been received on the Government’s proposals to

It was cake and team building day for Awarua Synergy this week as it celebrated 20 years in business. Led by Sumaria Beaton-Sikisini - a Kiwibank New Zealander of the Year recipient in 2023, the healthy homes advocate still loves sharing her knowledge with the wider Southland community. Just recently

* Government aims to streamline building regulations and boost construction efficiency across New Zealand. * Reforms target reducing red tape and improving housing affordability through structural changes. * New initiatives address the building consent system, overseas products, and accountability for builders. The Government is implementing significant reforms to the building and construction sector