Temporarily removing duties and tariffs on building materials for home builders is a drop in the ocean, saving only about $3,500 on a new home, says New Zealand First.
Treasury projections in the Budget predict worsening housing affordability and rising interest rates outstripping wage increases, underlining National’s abject failure to address the housing crisis, says Labour Leader David Cunliffe.
Young people trying to get a foot in the door of a new home should be offended by National’s budget which offers a tiny discount on building materials as its only new solution to one of the most pressing issues of the day, the Green Party says.
This budget does nothing to address New Zealand’s acute housing crisis, says Labour Leader David Cunliffe. "There is nothing here for first home buyers. "Nothing to build a single new home. "Nothing to make rentals warm and dry.
The results of a nationwide rental housing "warrant of fitness" (WOF) field trial have been released. The trial is the first step in a collaborative project aimed at making rental housing safer, healthier and more energy-efficient.
Lodge Real Estate’s managing director, Jeremy O’Rourke, said long-term data is showing the Reserve Bank’s loan-to-value (LVR) restrictions are not impacting residential housing prices in Hamilton as much as previously suspected.
Residential data from New Zealand’s largest real estate group Harcourts shows prices continue to rise in the Northern Region, with the average sale price at $697, 392, which is a 10% jump on the same time last year.
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.
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