Property – Great Barrier Island News

Property

Interest rate change that could add $70k to borrowers’ loans

By Susan Edmunds, Money Correspondent, RNZ Interest rates might be dropping, but borrowers still need to prove they can pay back their loans at more than 8 percent, at the country’s main banks. On Monday, two-year fixed special rates were…

Home Buying Becomes a Steeper Climb on Hauraki Gulf Islands

Home buyers eyeing property on the picturesque Hauraki Gulf Islands are set to face tough new financial barriers. As of 1 July, the Reserve Bank of New Zealand is setting new debt-to-income (DTI) ratios that will significantly impact what people…

Barrier Building Bonanza? Granny Flat Reforms Could Slash Costs Amidst Housing Crisis

No consent, no problem? 60sqm cabins could be built without red tape, easing the Barrier’s housing crunch. Photo / Eric Petschek / CC Great Barrier Island could soon see a housing boom, with new reforms set to make building cheaper…

Property

Seven Ways to Relieve Mortgage Pressure

By Susan Edmunds, Money Correspondent, RNZ A combination of higher interest rates and a sharp economic downturn are putting pressure on some homeowners’ budgets. While overall home loan stress appears to still be low, it is increasing. Reserve Bank data shows…

Property

Interest Rate Cuts Predicted as Property Values Stabilize

By Kymberlee Gomes, Digital journalist Analysis – Investors are capitalising on low property prices, and a major bank is predicting when interest rates will fall as house values continue to stabilise at much lower levels from the peak. Here’s what moved real…

Phil Spencer to Wrap NZ Series with Aotea Architectural Marvel

Phil Spencer explores New Zealand’s architectural treasures in his new series, ‘NZ’s Best Homes with Phil Spencer.’ Photo / TVNZ Phil Spencer, of Location, Location, Location and Love It or List It fame, is ending his latest series with a…

Property

Green Living: How Denser Housing Can Boost Biodiversity

Photo / RawPixel / CC By Yolanda van Heezik, University of Otago; Christopher K. Woolley, Te Herenga Waka — Victoria University of Wellington; Jacqueline Theis, University of Otago, and Maibritt Pedersen Zari, Te Herenga Waka — Victoria University of Wellington…

Property

Luxury Living in Paradise: Short-Term Rental on Aotea Great Barrier Island

Snap up this once in a lifetime opportunity to experience living on Aotea Great Barrier in paradise with no compromise on lifestyle or creature comforts. Looking at moving to Aotea Great Barrier Island? Keen to test the water before you…

A breathtaking drone view of the Gray Family Farm, showcasing the sprawling peninsula property as it extends into the pristine waters of Great Barrier Island. Photo / Barfoot & Thompson

Property

End of an Era: Gray Family Farm Changes Hands After 115 Years

A breathtaking drone view of the Gray Family Farm, showcasing the sprawling peninsula property as it extends into the pristine waters of Great Barrier Island. Photo / Barfoot & Thompson The historic Gray Family Farm, a property deeply intertwined with…

The bach on Aotea Road, on Great Barrier Island, attracted strong buyer interest when it hit the market last year. Photo / Supplied

From Orcas to Ownership: Iconic Awana Bay Beach House Sells After Whale Encounter

The iconic cedar beach house perched overlooking Awana Bay has been sold. Known for its expansive views across one of New Zealand’s most pristine surf beaches, the house, last purchased in 2018 for $1.67 million, was marketed this time in…