Tauranga City Council agreed today to amend the Tauranga Housing Accord, to allow Council to continue processing resource consents for developments in Special Housing Areas.
"One thing’s for sure New Zealand’s housing market is set to soar for a while yet," says Century 21 New Zealand National Manager Geoff Barnett.
Property Institute of New Zealand Chief Executive, Ashley Church, says today's decision, by the Reserve Bank, to relax Loan to Value (LVR) restrictions on investors building new homes is an important step in the right direction.
While some industry figures have shown nationwide property listings falling, Century 21 New Zealand has revealed its listings sky-rocketed this past winter.
Building and Housing Minister Dr Nick Smith today released for consultation regulations approved by Cabinet on Monday for the new earthquake-prone building legislation.
Data released today by Statistics New Zealand shows that while the value of building work put in place for the 2016 June quarter is at record levels, the actual building activity is now nearly reaching 2004 peak levels.
The nearly 1100 dwelling consents issued in Auckland in July shows New Zealand’s building boom is continuing to gather momentum, Building and Housing Minister Dr Nick Smith says.
"There are good and bad aspects of the Greens’ Residential Tenancies (Safe and Secure Rentals) Amendment Bill which was selected from the ballot today" says Andrew King, Executive Officer of the NZ Property Investors’ Federation.
A Green Party Member’s Bill pulled from the ballot today will put renters’ rights firmly on the political agenda, where it belongs.
"It’s yet to be seen just how much of the latest Official Cash Rate cut will be passed on by our retail banks.