New Zealand's new Labour-led government is clamping down on the sale of farmland to overseas buyers in the hope of preventing a backlash to the "excesses of globalised capital", Associate Minister of Finance David Parker says.

House and residential land values have climbed steeply in the Timaru District since 2014, spelling good news for the region's economy, the mayor and chamber of commerce say.

"A lot of houses now, they don't have an actual price on them."

With more than 11,000 hotel rooms planned or under construction, developers are eyeing up modular building systems to save time and money.

Real estate agents are being told they must do better on social media.

A retail property which neighbours Queensgate Shopping Centre is for sale for the first time in 10 years.

An independent housing review will give the Government an indication of the areas it needs to be targeting, Prime Minister Jacinda Ardern says.

With each step you take down Paritai Drive, you're passing $320,000 in real estate.

Homeowners are being warned they should not put too much faith in the "improvement value" portion of the council valuations of their properties.

A leading real estate agent says Auckland Council's revaluation figures for homes across the region provides inaccurate information to buyers and sellers.