The latest monthly property value index shows that nationwide residential values for October have increased 8.9% over the past year, and 2.7% over the past three months. This means they are now 10.4% above the previous market peak of late 2007.
New Zealand First is sceptical that the Government has finally got the message about high building costs and will actually do something about it.
National’s inept housing policy has been slammed from yet another quarter - this time it’s the OECD that says the cost of housing in New Zealand is the second highest in the western world, behind Greece, said Labour’s Housing spokesperson Phil Twyford.
The Taranaki region’s role in a large-scale IT success story has been recognised with a national award for excellence. The award is shared by six regional councils who have worked together to develop and share specialist technical software needed for their core functions.
The average asking price for properties in New Zealand once again reached an all-time high. Increases across the major regions, including Auckland, are behind the new record. There will be more properties available to buyers thanks also to a healthy increase in new listings.
The latest building consent figures released today indicate one of the highest months this year for the number of new homes and apartments consented.
Housing Minister Dr Nick Smith today announced $16.7 million of Government funding for 87 new community social houses in Auckland.
Treasury documents released today show that Treasury warned the Government loan to value ratio restrictions would have a massive impact on first home buyers.
Building and Construction Minister Maurice Williamson and Disability Issues Minister Tariana Turia today announced a review has begun into building access for disabled people.
Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 73 more farm sales (+27.1%) for the three months ended September 2013 than for the three months ended September 2012.
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