Building activity was worth almost $3.9 billion in the March 2015 quarter, up nearly 10 percent on the March 2014 quarter, Statistics New Zealand said today.
Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of May shows the strong demand experienced over the past two months has continued. Written sales for May were up 34.4% compared to the same period in 2014.
Property Council believes the identification of approximately 500 hectares of land in four sites in Auckland is proof that the Government is taking the housing crisis seriously.
Apartment consents reached a seven-year high in April 2015, Statistics New Zealand said today. Building consents were issued for 467 apartments. Almost all of these apartments will be built in Auckland.
The Government’s new bright line test to tax any capital gain realised from residential property sold within two years of purchase (excluding people’s main home) will make a greater difference in Auckland where speculation is more pronounced latest figures prove, says Geoff Barnett, National
New Zealand has a property market of two halves - Auckland and everywhere else, according to the latest AMP360 First Home Buyer Affordability Report.
The Government has established a $52.2 million capital contingency fund in Budget 2015 to facilitate housing development on Crown-owned land in Auckland, Building and Housing Minister Dr Nick Smith says.
Any Government move to free up Crown land for housing in Auckland must come with a guarantee that 100% of the homes built on it will be dedicated affordable housing, the Green Party said today.
National are so desperate to look like they are doing something about the Auckland housing crisis they have dusted off Labour’s 2008 inventory of government land available for housing and re-announced it, says Labour’s housing spokesperson Phil Twyford.
Property Institute of New Zealand Chief Executive, Ashley Church, has applauded the suite of tax and property measures announced today - but says that they are more in the nature of welcome ‘tweaks’ than major policy changes and cautions that they will not impact on house price inflation in A
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