The median weekly cost to rent a house in New Zealand has risen more than 6 per cent on a year ago, according to the first edition of the Trade Me Property Rental price Index released this morning. The median weekly rent was $399, up from $375 in October 2013.
House price expectations remain elevated, with a net 48% of respondents expecting house prices will increase further over the next 12 months according to the latest ASB Housing Confidence Survey.
Nick Smith should consider calling in producers of The Block NZ with participants in the TV series completing more houses in two seasons than the Government’s failed Special Housing Area policy, says Labour's Housing spokesperson Phil Twyford.
The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for October have increased 5.9% over the past year and 1.1% over the past three months which is the slowest rate since October 2012.
Local Government New Zealand (LGNZ) supports identifying solutions to address housing affordability and as part of this, welcomes the Productivity Commission’s new issues paper ‘Using Land for Housing’.
Building and Housing Minister Dr Nick Smith today welcomed the latest figures from Statistics New Zealand that show strong annual growth in the number of building consents.
Nearly 2,000 new dwellings were consented last month, but there are signs the trend is decreasing, Statistics New Zealand said today.
A report by the New Zealand Institute of Economic Research (NZIER) on the impact of the demand for individually tailored (bespoke) houses on innovation in the residential construction sector was released today.
"As long as you do it right, there is no safer business than property investment," said Kevin Green during his presentations at this weekend’s Annual Conference of the NZ Property Investors’ Federation (NZPIF).
Residential property investors are still confident, growing and looking to buy more properties despite rising interest rates - but many would consider selling up in the event of proposed new regulations.
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