Owners of pre-1944 houses and buildings are being reminded to check new rules before making plans for demolition or removal.
The Westpac Housing Report has identified ‘Hidden Gems’ in main centres across the country that could save home owners hundreds of thousands of dollars and carve up to 10 or more years off their mortgage.
The Reserve Bank today confirmed in front of the Finance and Expenditure Select Committee that overseas buyers can avoid the new Loan-to-Value Ratios (LVRs), highlighting the need for direct measures to restrict foreign speculators and give New Zealanders a fair chance to buy a home.
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 6,778 dwelling sales in the month of October, up 2.1% on October last year and up 0.9% compared to September.
Survey findings released today has found First National real estate offices report on average a 27% drop in first home buyers’ attendance at open homes. In October 2012, 58% of First National offices reported that 20% (or less) of attendees at open homes were first home buyers.
A bill to grow the community social housing sector and focus the Government’s housing support on high needs tenants passed its second reading in Parliament today 63 votes to 56.
The latest monthly property value index shows that nationwide residential values for October have increased 8.9% over the past year, and 2.7% over the past three months. This means they are now 10.4% above the previous market peak of late 2007.
New Zealand First is sceptical that the Government has finally got the message about high building costs and will actually do something about it.
National’s inept housing policy has been slammed from yet another quarter - this time it’s the OECD that says the cost of housing in New Zealand is the second highest in the western world, behind Greece, said Labour’s Housing spokesperson Phil Twyford.
The Taranaki region’s role in a large-scale IT success story has been recognised with a national award for excellence. The award is shared by six regional councils who have worked together to develop and share specialist technical software needed for their core functions.
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