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House prices continue to drive home unaffordability

Over the last quarter of 2016 housing affordability across New Zealand declined by 2.8 per cent, with big declines in some provincial regions. The latest Massey University Home Affordability Report shows further declines in affordability across New Zealand in the final quarter of 2016.

Prices continue to firm although volumes easing

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 86 fewer lifestyle property sales (-3.8%) for the three months ended December 2016 than for the three months ended December 2015.

Monthly home building consents hit 11-year high

The number of new homes consented reached an 11-year high in the month of November, Statistics New Zealand said today. This was due to increased consents in Auckland and the usual pre-Christmas rush.

Property Institute makes housing predictions for 2017

Residential property - particularly in Auckland - is in for another year of strong growth according to Property Institute of New Zealand Chief Executive, Ashley Church.

New Tauranga Housing Accord signed

The new Tauranga Housing Accord has been signed by Tauranga City Mayor Greg Brownless and Minister for Building and Construction Dr Nick Smith.

Residential building activity grows on strong foundations

The volume of residential building work rose 2.4 percent in the September 2016 quarter, Statistics New Zealand said today. This rise followed 5.7 and 5.6 percent increases in the June and March quarters, respectively.

Te Atatu land secured for additional housing

Land suitable for 60 apartments on the Te Atatu Peninsula is the latest addition to the Crown Land Programme, Building and Housing Minister Dr Nick Smith says.

More social housing for Auckland

A new social housing complex of 120 apartments is to be built on surplus Crown land and an adjoining Housing New Zealand site in Auckland in partnership with local iwi, Ministers Paula Bennett and Nick Smith have announced.

Final four townhouses 'present once in a lifetime opportunity'

Just four townhouses offering a luxury living experience remain for sale in Alexandra Park’s celebrated urban village development currently under construction on Greenlane West, Epsom.

18 for 4 offers a great solution for Auckland housing

With Auckland’s population increasing by the equivalent of the populations of Invercargill and Whanganui, community housing providers are proposing a sensible solution to increase the supply of affordable homes in Auckland.

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