Welcome to the propertydirectory.co.nz weekly round up for the week ending 14th June 2020.

Each week we aim to give you a roundup summary of the top New Zealand property news. If you have an item you think is worth sharing with propertydrectory.co.nz readers, let us know.

This week we have seen a continuation of the positive sentiment around residential property, with some concern around lower end and apartment prices.

Buyers jostle for position as hospital land sale approved

he sale of vacant land at Blenheim’s Wairau Hospital has been given final sign-off nearly 20 years after the idea was first floated, reigniting interest from several groups eyeing up the block for possible housing projects.

Stuff.co.nz

Work ramps up as iwi aspire to be ‘top class’ property developer

Following its 2014 Treaty of Waitangi settlement, where it negotiated an $87 million cash settlement, the iwi had the option to purchase, with a deferment available for up to two years, 51 sites within its tribal boundaries as part of the commercial redress element of the deal.

Stuff.co.nz

Thumbs up for proposed state housing development

A proposed state housing project, which triggered a petition against it, has the thumbs up from urban design experts.

Kāinga Ora submitted their Flagstaff proposal to the Hamilton Urban Design Advisory Panel and have received favourable feedback.

Stuff.co.nz

Apartments with remediation issues are fetching particularly low prices – one sold for just $35,000 while another with a declared reserve of just one dollar was passed in

Prices of Auckland city apartments appear to be cooling rapidly with most the apartments that were sold at recent auctions monitored by interest.co.nz selling for well below their rating valuations.

interest.co.nz

COVID-19 Restrictions on Tenancy Terminations come to an end

On the 18th of June the Ministry of Housing and Urban Development announced that the emergency provisions for tenancy terminations will come to an end as originally planned.

renalnews.co.nz

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