Provisional data from New Zealand’s largest real estate group, Harcourts shows that the residential housing supply in Auckland/Northland continues to tighten with new listings down 18.2% and property on hand down 4.5% compared to last year.
Houses across New Zealand decreased in affordability by 14.1 per cent over the 12 months ending November 2014, according to the latest Massey University Home Affordability Report - and on current trends Auckland’s lack of affordability could reach historic levels.
Statement from Property Council NZ Auckland house prices will continue being outrageously high if Auckland Council doesn’t treat the housing supply shortage seriously in its rulebook.
2014 was a year of mixed sentiment in the residential property market It was a stop start year for residential property values with some flat periods due to uncertainty associated with the LVR speed limits, interest rate hikes and an election, along with periods of rapid value increases in some a
Building consents for new dwellings hit a seven-year high in November, Statistics New Zealand said today. In unadjusted terms, 2,420 new dwellings were consented in November (including 474 apartments).
The average asking price of houses for sale in December remained at high levels across the country, while inventory of available homes for sale declined reaching record low levels in Auckland.
Building and Housing Minister Dr Nick Smith is welcoming new consumer protections that will require builders to have written contracts, provide information on their relevant skills, experience and qualifications, and disclose their insurance and warranty cover from tomorrow.
In a move to protect homeowners, the Government will from the start of 2015, require builders to keep and produce written records of any residential work valued at over $30,000.
A sustainable housing development in Hastings has reached a new milestone, with the first of eleven solar PV equipped new-builds complete and open as a show home.
The Housing in Auckland report paints an extremely bleak picture for families in the Pacific community who are being hit hard by the housing crisis, says Su’a William Sio, Labour’s Pacific Island Affairs spokesperson.
Compare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.