Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 155 more lifestyle property sales (+7%) for the three months ended September 2016 than for the three months ended September 2015.
Auckland is now 62 per cent less affordable than the rest of the country, and homes in Central Otago Lakes are 61 per cent less affordable.
World Green Building Week kicked off last week (26 September) and Housing New Zealand’s work to construct warm, dry and energy-efficient sustainable housing has been acknowledged by the New Zealand Green Building Council (NZGBC).
The annual value of building consents for new homes has reached $10 billion for the first time, Statistics New Zealand said today.
Councils can now submit indicative proposals for the Government’s $1 billion Housing Infrastructure Fund, Building and Housing Minister Dr Nick Smith says.
Auckland’s iconic suburb of Mount Eden is poised for a major face lift with the rise of high quality residential apartments, improved public transport and an influx of new retail and commercial outlets.
Tauranga City Council agreed today to amend the Tauranga Housing Accord, to allow Council to continue processing resource consents for developments in Special Housing Areas.
"One thing’s for sure New Zealand’s housing market is set to soar for a while yet," says Century 21 New Zealand National Manager Geoff Barnett.
Property Institute of New Zealand Chief Executive, Ashley Church, says today's decision, by the Reserve Bank, to relax Loan to Value (LVR) restrictions on investors building new homes is an important step in the right direction.
While some industry figures have shown nationwide property listings falling, Century 21 New Zealand has revealed its listings sky-rocketed this past winter.