Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of May shows house prices remain steady, with the average sales price now sitting at $688,209 in the Northern Region. This is up 11% on the same time last year.
The unassuming provincial city of Gisborne is vying for the title of New Zealand’s hottest residential property investment destination - with a three bedroom ‘renter’ in the city selling this month to an out-of-town investor for a return of almost 15 percent.
Affordable and energy efficient building materials are needed to ease the housing crisis, the Aotearoa Legalise Cannabis Party says. Increasing the supply of houses will help reduce property inflation and create more affordable housing, especially in Auckland and Christchurch.
The Government must take responsibility for the uncertainty around potential asbestos contamination in Christchurch and reassure residents by testing the potentially affected homes, the Green Party said today.
House prices have shot up by 16 per cent for first-home buyers in Manukau over the last year, pushing the cost of buying a house there to the highest in the country relative to incomes, says Labour’s Associate spokesperson for Auckland Louisa Wall.
New statistics showing New Zealand had its second highest net migration rate in April is evidence the Government must take action to curb the pressure on house prices and inflation, Labour’s Housing spokesperson Phil Twyford says.
The National Government’s housing crisis denial will drive home ownership even further out of reach, fuelled by the Prime Minister’s staggering ignorance of the extent of the problem, the Green Party said today.
Blogger David Farrar’s conclusion that a 94 percent failure rate shows that a proposed warrant of fitness checklist for rental properties is a silly test that should ring alarm bells is 100 percent accurate, Mike Butler of NZCPR said today.
It’s about time the World Health Organisation’s key health issues are addressed in New Zealand, says Bruce Gordon, the chief executive of home solutions company HRV.
Temporarily removing duties and tariffs on building materials for home builders is a drop in the ocean, saving only about $3,500 on a new home, says New Zealand First.
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