Building consents for new houses have been trending upwards for over two years, but the rate of increase is showing signs of slowing, Statistics New Zealand said today.
Family First NZ says that the Government should do more to assist young families in to their first home.
Age Concern fears more adult children will now coerce their parents to lend money for house deposits following new mortgage-lending rules announced by the Reserve Bank.
Reserve Bank Governor Graeme Wheeler today announced that from 1 October banks will be subject to restrictions on high loan-to-value ratio (LVR) housing mortgage loans.
Restrictions on development contributions will help achieve more affordable housing and commercial development, says BusinessNZ. A Local Government Reform Bill to be introduced to Parliament this year will reduce the development charges that councils can put on new sections.
Today’s Government announcement to overhaul the development contributions regime sets new possibilities for development in New Zealand, including progressing affordable housing, according to Property Council New Zealand.
Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 82 more farm sales (+23.0%) for the three months ended July 2013 than for the three months ended July 2012.
National's new found enthusiasm for the Welcome Home Loan scheme would be more convincing if it hadn't previously slashed the scheme’s funding by two-thirds, and halved the number of Kiwis who could use it to buy a first home, says Labour Leader David Shearer.
UnitedFuture leader Peter Dunne does not support the National Party’s proposal to extend the home ownership provisions of Kiwisaver, saying that it weakens the focus of the retirement saving scheme.
New Zealand’s largest real estate group Harcourts is welcoming the government’s announcement yesterday to better support first home buyers through KiwiSaver deposit subsidies and Welcome Home Loans.
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