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Property

Auckland housing market 'a risk for the whole country'

House prices in Auckland which have risen 34 percent since 2011 will be sustainable for as long as there is the demand and the means for buyers to continue purchasing, the University of Canterbury’s architect-in-residence and urban commentator Tim Nees says.

Prices surging, but volumes steady in rural property market

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were three fewer farm sales (-0.9%) for the three months ended October 2014 than for the three months ended October 2013.

Home owners offered free healthy home assessments

Christchurch people rebuilding or repairing their earthquake damaged homes can now get free advice to ensure they are warm, dry and energy efficient.

New initiatives to improve tenancy services

Changes to the delivery of key tenancy services are set to streamline and speed up processes for landlords and tenants, Building and Housing Minister Dr Nick Smith announced today.

Chch drives nationwide rental increase of 6 per cent

The median weekly cost to rent a house in New Zealand has risen more than 6 per cent on a year ago, according to the first edition of the Trade Me Property Rental price Index released this morning. The median weekly rent was $399, up from $375 in October 2013.

House price expectations remain elevated - survey

House price expectations remain elevated, with a net 48% of respondents expecting house prices will increase further over the next 12 months according to the latest ASB Housing Confidence Survey.

The Block NZ doing a better job than Nick Smith - Twyford

Nick Smith should consider calling in producers of The Block NZ with participants in the TV series completing more houses in two seasons than the Government’s failed Special Housing Area policy, says Labour's Housing spokesperson Phil Twyford.

Residential property values increase at slower rate

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.

LGNZ supports identifying solutions to housing affordability

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 consents top 24,000 per year

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.