Research released this morning shows the massive scale of the housing supply problem in Auckland, and the urgent need for the Government to intervene so that Aucklanders can have a chance to own their own homes, the Green Party said today.
Following the latest GDT auction result, Rural Value says there are already indications of a change in sentiment in the market which could lead to a decline in farm sale prices and values in some parts of the country.
The latest building consent data from Statistics New Zealand for the month of June and the latest quarter shows ongoing growth in residential building and a shift in new activity from Canterbury to Auckland, Building and Housing Minister Dr Nick Smith said today.
More homes were consented in the first six months of 2015 than a year previously, Statistics New Zealand said today. Between January and June 2015, 12,057 new dwellings, worth almost $4 billion, were consented.
Today Auckland Council has welcomed a new report that provides up-to-date information on the feasibility on how many houses could be built under the Proposed Auckland Unitary Plan (PAUP) based on current market conditions.
Housing became a little more affordable for first home buyers last month thanks to a combination of falling mortgage interest rates and a slight drop in lower quartile house prices.
Today’s reduction in the Official Cash Rate appears to be in line with expectations in the property markets, the Chief Executive Officer of the Real Estate Institute of New Zealand, Colleen Milne, says.
Property Council is pleased Auckland Council has acknowledged that the Proposed Auckland Unitary Plan (PAUP) needs to be more flexible.
Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 62 fewer farm sales (-11.5%) for the three months ended June 2015 than for the three months ended June 2014.
While Auckland’s property market is continuing to experience massive demand and significant increases in average asking prices, Trade Me Property data shows the City of Sails is at odds with what is happening in much of the rest of the country.
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