Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of April shows there is continued pressure on the housing market, with the average sales price now sitting at a record high of $700,793.
According to the latest NZ Property Report, compiled by Realestate.co.nz, national residential property asking prices eased, while inventory levels continued to recover.
The trend for the number of new dwellings consented continues to rise, Statistics New Zealand said today. "The trend for new dwellings has almost doubled since March 2011, but is still 28 percent below the series peak in January 2004," business indicators manager Neil Kelly said.
Nick Smith must reassure worried first home buyers that any Housing NZ houses sold under his First Home policy will be tested for P contamination after revelations that three out of seven properties sold in Wanganui tested positive for methamphetamine, says Labour’s housing spokesperson Phil Tw
The acute shortage of affordable housing in Christchurch will only be solved by the Christchurch City Council and the Government working together, Christchurch Mayor Lianne Dalziel says.
Housing Minister Nick Smith told TVNZ’s Q+A programme today that it will take up to 20 years to address the imbalance between incomes and house prices.
Residential data from New Zealand’s largest real estate group Harcourts shows there is still massive pressure on the housing market in Auckland and Northland, with the average sales price now sitting at a record high of $697,454.
The bad news continues for young Kiwis as the latest Core Logic report shows the proportion of first home buyers has declined since LVR lending restrictions came into force, says Labour’s Housing spokesperson Phil Twyford.
The latest monthly property value index shows that nationwide residential values for March have increased 8.8% over the past year, and 0.1% over the past three months. This means they are now 12.6% above the previous market peak of late 2007.
Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of March shows that there is continued pressure on the housing market, with the average sales price now sitting at a record high of $698,832.
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