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Property

Strong growth in building spreads

The ongoing strong growth in residential building construction seen today in the latest figures from Statistics New Zealand confirm the Government’s housing supply initiatives are working, Building and Housing Minister Dr Nick Smith says.

Dwelling consents rebound in February

The number of new dwellings consented rose strongly in February after falling in the previous month, Statistics New Zealand said today.

House price increases 'risk creating an economic underclass'

There was a big jump in the lower quartile house price in Auckland last month, putting the dream of home ownership further out of reach for first home buyers, according to interest.co.nz's Home Loan Affordability Report.

Council recommends the establishment of new Special Housing Areas

The Tauranga City Council agreed yesterday to recommend to the Minister of Housing that two Special Housing Areas (SHAs) be established adjacent to previously approved SHAs in the Wairakei urban growth area, at Golden Sands and Palm Springs.

New Christchurch homes ready for sale in Awatea Green

Today, Building and Housing Minister Dr Nick Smith officially opened Awatea Green - Christchurch’s newest neighbourhood planned, designed and built by Fletcher Living.

Lifestyle market shows continued strength - REINZ

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 411 more lifestyle property sales (+25.4%) for the three months ended February 2016 than for the three months ended February 2015.

First houses opened at Chch affordable housing development

The first completed houses at the Awatea housing development in Christchurch were opened this morning by Building and Housing Minister Dr Nick Smith, who welcomed today’s milestone as further progress in improving the supply and affordability of homes in the city.

Land Transfer Bill passes first reading

The Land Transfer Bill will bring land transfer laws into the 21st century, giving property owners better protection and making it easier to register property, Land Information Minister Louise Upston said today.

Regional markets strong in Feb real estate market

The Real Estate Institute of New Zealand (REINZ) which is the most up to date source of real estate data in New Zealand, announced today that there were 7,291 dwelling sales in February 2016, up 5.7% on February 2015.

Leaky home support extended

The passage of changes to the Weathertight Homes Resolution Services Act this evening is about ensuring assistance is available for families affected by leaky homes who otherwise would have been unfairly excluded, Building and Housing Minister Dr Nick Smith says.

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