REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 5,481 dwelling sales in the month of August, down 16.3% on August 2013 and down 7.0% compared to July.
Industrial property has been identified as the steadiest performer in the real estate market by a new report.
Sections within a new subdivision south of Auckland are being snapped up off the plans at an incredible rate, as buyers target affordable property on the city’s extending boundary.
Building activity volume showed a small increase in the June 2014 quarter, Statistics New Zealand said today. "Overall building activity volume increased 1.0 percent in the June 2014 quarter, following 15 percent growth last quarter," business indicators manager Neil Kelly said.
The trend for the number of new dwellings consented is at its highest level since August 2007, Statistics New Zealand said today.
Wellington City Council yesterday approved eight special housing areas (SHAs) and qualifying development criteria under the Wellington Housing Accord.
The Waimahia Inlet is a step in the right direction for community housing to deliver 20% of New Zealand’s social and affordable housing by 2020, says Community Housing Aotearoa.
Community Housing Aotearoa is commending Presbyterian Support Otago for shining the spotlight on the deteriorating quality of the private rental market in Dunedin.
The PCNZ/IPD New Zealand Quarterly Property Index Q2 2014 results, released today, showed a total return of 11.1% for the year-ending June 2014. This was comprised of 7.7% income return and 3.1% capital growth.
Treasury advised against National’s policy of ramping up home buyer subsidies after it was discredited in Australia because it pushed house prices even higher, Labour’s Housing spokesperson Phil Twyford says.
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