Residential data from New Zealand’s largest real estate group Harcourts shows there is still massive pressure on the housing market in Auckland and Northland, with the average sales price now sitting at a record high of $697,454.
The bad news continues for young Kiwis as the latest Core Logic report shows the proportion of first home buyers has declined since LVR lending restrictions came into force, says Labour’s Housing spokesperson Phil Twyford.
The latest monthly property value index shows that nationwide residential values for March have increased 8.8% over the past year, and 0.1% over the past three months. This means they are now 12.6% above the previous market peak of late 2007.
Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of March shows that there is continued pressure on the housing market, with the average sales price now sitting at a record high of $698,832.
Average asking prices of newly listed residential properties across New Zealand rose to a new record high in March driven by renewed seller confidence in the major centres.
The residential building consent figures released today shows demand for new housing continuing to strengthen. The trend for new home consents is at its highest level since December 2007 which is 85% higher than the most recent low point in March 2011.
New data shows why a capital gains tax on investment properties is needed to stabilise the housing market and give families a fair shot at buying their first home, Green Party housing spokesperson Holly Walker said today.
The first monitoring report of the Auckland Housing Accord was released by Housing Minister Dr Nick Smith and Auckland Mayor Len Brown following their meeting in Auckland today, with both the Minister and the Mayor welcoming the progress being achieved.
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.
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).
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