Kapiti's mayor has defended a proposed rate increase that tops the Wellington region, by accusing other councils of "eating" their own future. Other mayors, however, say they're quite happy with their lower percentage increases. As of this week, all nine councils in the region have begun consultation on proposed rate increases for the next billing year, starting in July.
It was New Zealand's biggest, most complex seismic strengthening project, costing $83.5 million and taking 4½ years, but now Wellington's tallest skyscraper stands firm once more. Reporter Matt Stewart looks behind the logistics.
There was a great headline this week: "Nine level apartment rejected". The bureaucratic quagmire of government shuts down developments while news stories abound of people living in cars; some columns write themselves.
A rental platform described as the "eBay of renting" has confirmed plans to come to New Zealand.
New data from QV shows it is now regional New Zealand where homeowners are making the quickest capital gains on their properties.
Auckland has lost its title as the least affordable place in New Zealand to buy a house.
The Reserve Bank has warned New Zealand's house prices could resume the recent rise as supply shortages continue.
Soaring property prices have helped to lift New Zealanders' combined net worth to just over $1.39 trillion. That figure, calculated at the end of March 2015, was up 9 per cent on the year before, Statistics NZ said.
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Auckland property speculators are banking $70,000 profit on average from each house sale - despite a home sales test introduced by the Government.
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