Against the advice of property experts, the Government will be proceeding with the planned changes to the Property Law Act – inserting a no-access clause into commercial leases By Leonie Freeman – Property Council New Zealand Chief Executive This move completely undermines the sanctity of commercial contracts by inserting a clause into every commercial lease in the country that neither tenant nor landlord has agreed to. Continue →

New Zealand real estate is facing a triple whammy in September which will be detrimental to house prices and industry activity unless the Government steps in, argues Century 21 New Zealand Owner Derryn Mayne The real estate leader says with the general election and the end of the extended wage subsidy scheme both firmly locked in for September, extending the mortgage holiday scheme is a no-brainer. Continue →

The Reserve Bank has pulled enough levers to help buyers, sellers, and the industry at large, but now the Government should review any legislation that may hinder real estate’s revival, including softening its foreign buyer ban, says Century 21 New Zealand owner Derryn Mayne The Reserve Bank’s decision to remove its mortgage loan-to-value ratio (LVR) restrictions, for at least a year, will mean more young Kiwis can buy their first homes sooner. Continue →