A new report released by Nielsen today has found that New Zealanders are using up to five different tools in their research for property as competition heats up across the country.
Property Council’s Residential Development Summit will explore housing unaffordability in Auckland by looking at its key causes.
The latest monthly QV House Price Index shows that nationwide residential property values for September have increased 12.6% over the past year which is the fastest rate since October 2007. Values rose 4.2% over the past three months and are now 30.9% above the previous market peak of late 2007.
The latest data from Statistics New Zealand showing the annual number of building consents in Auckland at an eight-year high have been welcomed today by Building and Housing Minister Dr Nick Smith.
The value of building consents reached an all-time high in August 2015, boosted by planned nonresidential work in Christchurch, Statistics New Zealand said today.
The number of property listings increases as the weather warms up. Homes look more appealing in warm sunshine but EECA ENERGYWISE advises putting some thought into how houses will perform in the cold depths of winter.
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.
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