The Reserve Bank today published a Bulletin article, ‘New Zealand house prices: a historical perspective’ that provides historical context to the current divergence between house price inflation in Auckland and the rest of New Zealand.
Building consents for new dwellings continued to increase in 2015, although not as strongly as in the previous three years, Statistics New Zealand said today.
Community Housing Aotearoa says that insulation is only half the answer in improving rental housing and that you still need to heat the house.
Auckland housing has not been affordable for typical first home buyers since July 2013, according to Interest.co.nz's latest Home Loan Affordability Report.
Certified Builders Association of New Zealand has gone one step further than recent law changes that enhanced consumer protections for building work, by introducing mandatory building guarantees.
The National Government’s hands-off approach to the housing crisis over the past seven years has led to New Zealand becoming the most unaffordable place in the world to buy a house, the Green Party said today.
Nationwide residential property values surged ahead in the year to December 2015 at a rate of more than 10% faster than for the same period the previous year.
While there has been a modest improvement in the affordability of housing in most regions, the latest Massey University Home Affordability Report shows Auckland is now 59 per cent less affordable than the rest of the country.
The growth in residential building hit an all-time record of a billion dollars of work consented in a month for the first time ever, Building and Housing Minister Dr Nick Smith noted today in response to Statistics New Zealand building consent data.
The number of new dwellings consented reached a 10-year high in November 2015, Statistics New Zealand said today.