The saying "What a difference a year makes" definitely rings true in many areas of the country in terms of house sale volumes. In the three months from June to August this year compared to the same three months in 2014, sales volumes have increased in almost all areas of New Zealand.
"Despite huge asking prices, buying a house in Auckland for many people is now looking more attractive than renting given soaring rents and falling interest rates," says Geoff Barnett, National Manager of Century 21 New Zealand.
Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 20 fewer farm sales (-4.9%) for the three months ended August 2015 than for the three months ended August 2014.
Khandallah, Newlands and Island Bay are the next communities scheduled to discuss greater housing choice and supply following today’s Transport and Urban Development decision.
Provisional residential data for the Northern Region in August, from Harcourts, New Zealand’s largest real estate group, shows average sale prices continuing to rise, up 25% on the same period in 2014, to $819,955.
Over $4 billion worth of building work was put in place in the June 2015 quarter, up nearly 8 percent on the June 2014 quarter, Statistics New Zealand said today.
The Community Housing Trust is now in full swing with civil works at its 44 lot site in Shotover Country. The roads and services are expected to be completed by Christmas - with this part of the project costing $2m and supported by a loan from Community Trust of Southland.
Building consent data released by Statistics New Zealand show 1116 homes were consented in Auckland in July, the first time in a decade that the monthly total has been over 1000, Building and Housing Minister Dr Nick Smith noted today.
There were 2,824 new dwellings consented nationally in July 2015, up 24 percent compared with July 2014, Statistics New Zealand said today.
Eleven new Special Housing Areas (SHAs) that will provide up to 1600 new homes across Auckland were announced today by Building and Housing Minister Dr Nick Smith and Mayor Len Brown.
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