The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for October have increased 5.9% over the past year and 1.1% over the past three months which is the slowest rate since October 2012.
Local Government New Zealand (LGNZ) supports identifying solutions to address housing affordability and as part of this, welcomes the Productivity Commission’s new issues paper ‘Using Land for Housing’.
Building and Housing Minister Dr Nick Smith today welcomed the latest figures from Statistics New Zealand that show strong annual growth in the number of building consents.
Nearly 2,000 new dwellings were consented last month, but there are signs the trend is decreasing, Statistics New Zealand said today.
A report by the New Zealand Institute of Economic Research (NZIER) on the impact of the demand for individually tailored (bespoke) houses on innovation in the residential construction sector was released today.
"As long as you do it right, there is no safer business than property investment," said Kevin Green during his presentations at this weekend’s Annual Conference of the NZ Property Investors’ Federation (NZPIF).
Residential property investors are still confident, growing and looking to buy more properties despite rising interest rates - but many would consider selling up in the event of proposed new regulations.
The strong rise in property asking prices has slowed down markedly in recent months, according to Realestate.co.nz, New Zealand’s largest online database of homes for sale.
Banks have agreed a streamlined process to help homeowners in multi-unit complexes to access loans to pay for work needed to remedy leaky building issues, the New Zealand Bankers’ Association announced today.
New data from Veda shows that Generation Y’s home ownership prospects appear to be rapidly declining in New Zealand.
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