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Property

LVR restrictions 'not having the desired effect in Auckland'

Data from New Zealand’s largest real estate group Harcourts for the month of February shows that there is continued pressure on the housing market, with the average sales price sitting at $648,790 - up 18% on the same time last year.

Residential property value growth slows

The latest monthly property value index shows that nationwide residential values for February have increased 9.3% over the past year, and 1.8% over the past three months. This means they are now 13.1% above the previous market peak of late 2007.

Positive economy 'drives interest in rental investment'

The Bank of New Zealand’s Nine Rewards Consumer Trends Survey indicates that interest in buying residential rental property has almost doubled since the LVRs were introduced.

Residential building activity growth continues

A 6.0 percent rise in residential building activity in Canterbury boosted the national increase to 2.5 percent in the December 2013 quarter, Statistics New Zealand said today.

Dwelling consents trend rising

The trend for the number of new dwellings consented continues to rise, and is at its highest level since September 2007, Statistics New Zealand said today.

16% of NZers consume more than five soft drinks a week

On the back of the soft drink/unhealthy food debate, results from Southern Cross Health Society’s annual health survey show 35% of New Zealanders think they consume too many soft drinks. Furthermore, 16% of the population said they consume more than five soft/energy drinks a week.

Govt must rule out Chorus throttling internet speeds - Curran

Crown Fibre Holdings must not let Chorus degrade its copper broadband service to cover the cost of its ultra-fast broadband roll out, Labour’s associate ICT spokesperson Clare Curran said today.

State housing WoF a stunt says Labour

Labour’s housing spokesperson Phil Twyford says the Government’s announcement of a Warrant of Fitness for state houses is a stunt, and the Minister refuses to tackle the real problem which is poor quality private sector rentals.

WOF 'will increase the cost of providing rental property'

NZ Property Investors’ Federation responding to Minister Nick Smith's announcement about a WOF for HNZ homes: Housing New Zealand properties are paid for by taxpayers and it is these taxpayers who will end up paying for any cost increases in providing HNZ tenants with accommodation.

Housing WOF trial gets underway

Housing Minister Dr Nick Smith today announced the start of a trial Warrant of Fitness scheme on Housing New Zealand homes.