Canterbury’s ethnic make-up is set to take on a distinctively Asian-feel - with a growing number of Chinese migrants and investors buying homes in the province.
Twelve more Special Housing Areas (SHAs) have been approved in Auckland, Tauranga City and the Western Bay of Plenty District, bringing the total to 100 since the Housing Accords legislation was passed 16 months ago, Building and Housing Minister Dr Nick Smith announced today.
Property Institute of New Zealand Chief Executive, Ashley Church, has urged Auckland home owners not to panic about the value of their properties.
Paula Bennett and John Key are sending out conflicting messages on whether the Government will build more social housing with the proceeds of its state house sell off, says Labour’s Housing spokesperson Phil Twyford.
Provisional data from New Zealand’s largest real estate group, Harcourts shows that the residential housing supply in Auckland/Northland continues to tighten with new listings down 18.2% and property on hand down 4.5% compared to last year.
Houses across New Zealand decreased in affordability by 14.1 per cent over the 12 months ending November 2014, according to the latest Massey University Home Affordability Report - and on current trends Auckland’s lack of affordability could reach historic levels.
Statement from Property Council NZ Auckland house prices will continue being outrageously high if Auckland Council doesn’t treat the housing supply shortage seriously in its rulebook.
2014 was a year of mixed sentiment in the residential property market It was a stop start year for residential property values with some flat periods due to uncertainty associated with the LVR speed limits, interest rate hikes and an election, along with periods of rapid value increases in some a
Building consents for new dwellings hit a seven-year high in November, Statistics New Zealand said today. In unadjusted terms, 2,420 new dwellings were consented in November (including 474 apartments).
The average asking price of houses for sale in December remained at high levels across the country, while inventory of available homes for sale declined reaching record low levels in Auckland.
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