House prices in the Auckland region were 24.1 percent higher year on year, compared with a 22.6 percent rise the month before
Chinese conglomerate Shanghai Pengxin Group has been on a buying spree ever since it entered New Zealand in 2011.
The food giant has bought 29 farms through local subsidiaries to become the country's third largest dairy producer.
Pengxin's expansion plans in New Zealand seemed to be going smoothly until last month when the government unexpectedly rejected its $56m (£36m) bid to buy the sprawling and iconic Lochinver farm.
The average sales price of a property in Auckland, New Zealand increased by 1.9% in September to $836,275, the latest published data shows.
The median sales price reached $790,000, a rise of 4.6%, the data from real estate firm Barfoot & Thompson also shows with the firm also reporting an extremely active month with sales up 3.4% month on month and up 41.6% compared to a year ago.
Peter Thompson, managing director of Barfoot & Thompson, said that nearly a third of all homes sold were for in excess of $1 million, which is the highest number of $1 million plus homes ever sold in a month.
Quotable Value's (QV) residential property price index rose 12.6 percent in the year to September, compared with an annual rate of 11.3 percent in the previous month.
New Zealand's government has blocked a Chinese company from making a multi-million dollar purchase of a farm.
China is New Zealand's biggest market for many dairy and meat products.
And Shanghai Pengxin said it was "surprised and extremely disappointed with the decision".
Property rental activity is rising across Auckland, New Zealand’s biggest city, while rental values are steady, according to the latest data to be published.
The average weekly rent across Auckland in August increased just $4 to $496, up less than 1% on July and just 6% year on year from $467 in August 2014. This compares to a 15% increase in residential property sale prices Auckland wide.
The new build property sector in New Zealand is growing with planning consents up 24% in July compared with a year ago, the latest data shows.
Overall there were 2,824 new dwellings consented nationally, the highest number since march 2005, according to the figures from Statistics New Zealand.
Changes in New Zealand mean that every rental property must reach specified insulation standards by July 2019 and have smoke alarms fitted.
Housing minister Nick Smith has announced new rental regulations which all landlords must meet. Only properties where it is physically impractical to fit insulation will be exempt.
The smoke alarms will become obligatory in July of next year but tenants will be responsible for replacing batteries and informing landlords of any defects that prevent the alarms from working.
New Zealand house prices rose at their fastest pace in eight years in August, the government property valuer said on Tuesday, as prices continue to climb in Auckland, the country's largest city.
Quotable Value's (QV) residential property price index rose 11.3 percent in the year to Aug. 31, compared with an annual rate of 10.1 percent in July.
Auckland house sales activity was at its highest in more than 15 years during July, but price increases have stalled, according to the latest real estate data.
Indeed, the average sales price at $827,359 has remained much the same as for the past two months, the figures from real estate agent Barfoot Thompson show.
In July the average sales price was within $1,000 of that for June, and only $5,000 ahead of that for May and managing director Peter Thompson pointed out that a stable average price over a three month period is a trend not witnessed for some time.
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