An iwi-led housing project in Christchurch has been lauded today by the Minister for MÄori Development as another string to the bow of positive initiatives being driven by Te RÅ«nanga o Ngai Tahu for whÄnau in their takiwÄ.
Housing became substantially less affordable for first home buyers in Auckland last month, as a big jump in the region's lower quartile selling price more than offset falls in mortgage interest rates and increases in household income.
Law firms are struggling to keep up with the booming commercial property market, with signs of skill shortages emerging, a recruitment specialist says.
Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 42 fewer farm sales (-9.9%) for the three months ended March 2016 than for the three months ended March 2015.
Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 424 more lifestyle property sales (+24.8%) for the three months ended March 2016 than for the three months ended March 2015.
Investors now have the opportunity to own an interest in the eagerly anticipated Cider Building in Ponsonby, Auckland - which is anchored by a 20-year lease to General Distributors - with additional tenanted commercial space and street level retail.
New data shows that homeownership rates have fallen 3 per cent since National came to office despite the number of private rental properties rising by 83,600, Labour’s Housing spokesperson Phil Twyford says.
"The latest Quotable Value statistics showing Auckland house values down 0.2% in the past three months are entirely predictable given Government and Reserve Bank restrictions which came into effect late last year, says Century 21 New Zealand National Manager Geoff Barnett.
The latest monthly QV House Price Index shows that nationwide residential property values for March have increased 11.4% over the past year. Values rose slightly by 0.2% over the past three months and are now 35% above the previous market peak of late 2007.
Efforts to cool Auckland property market taking effect Lower interest rates and the Reserve Bank’s loan-to-value ratio restrictions are making Auckland houses more affordable, according to the latest Massey University Home Affordability Report.