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Property

Home loan affordability worsens

Home loan affordability worsened across most of New Zealand in February as median prices rose and interest rates started rising, the Roost Home Loan Affordability reports show.

Guiding principles on urban growth released

More collaboration is needed to deal with the country’s burgeoning urban growth issues and future-proof our communities, according to a report released this week by the New Zealand Planning Institute (NZPI).

Greens announce award for building with hi-tech wood

The Green Party in Government will put $1 million towards the cost of the first 10-storey or higher New Zealand building constructed with structural timber, Green Party Co-leader Dr Russel Norman said today.

Fall in homeownership 'shows need for new policies'

Newly released census data shows that more and more Kiwi families are being locked out of the housing market and facing rapidly rising rents, at the same time as rising electricity prices making heating homes more costly, Green Party housing spokesperson Holly Walker said today.

Property WOF 'an insult not a protection'

The national Federation representing Kiwi landlords is warning against progressing with the flawed rental WOF scheme, claiming its trialed roll-out is raising serious concerns for both tenants and landlords.

Don't let interest rate increases delay your plans - Jennian

With the Reserve Bank increasing interest rates as expected, the country’s most awarded home builder Jennian Homes has offered up advice for homeowners questioning how the interest rate hike will impact them and how best to maximise the opportunity.

Housing changes ahead as baby boomers plan to sell

Half of the baby boomers surveyed for a study on ageing say they plan to move or downsize as they get older - a trend government needs to factor into its housing policy and planning the study authors say.

Council policy shows Psychoactive Substances Act has teeth

Associate Health Minister Peter Dunne has welcomed the Psychoactive Substances Regulatory Authority’s (PSRA) decision to suspend the interim retail licences for 6 psychoactive substance product retailers in the Hamilton area.

February real estate sales: prices firm, volumes ease

REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 6,125 dwelling sales in the month of February, down 7.6% on February last year, but up 29.8% compared to January.

LVR restrictions 'not having the desired effect in Auckland'

Data from New Zealand’s largest real estate group Harcourts for the month of February shows that there is continued pressure on the housing market, with the average sales price sitting at $648,790 - up 18% on the same time last year.