Nick Smith must reassure worried first home buyers that any Housing NZ houses sold under his First Home policy will be tested for P contamination after revelations that three out of seven properties sold in Wanganui tested positive for methamphetamine, says Labour’s housing spokesperson Phil Tw
The acute shortage of affordable housing in Christchurch will only be solved by the Christchurch City Council and the Government working together, Christchurch Mayor Lianne Dalziel says.
Housing Minister Nick Smith told TVNZ’s Q+A programme today that it will take up to 20 years to address the imbalance between incomes and house prices.
Residential data from New Zealand’s largest real estate group Harcourts shows there is still massive pressure on the housing market in Auckland and Northland, with the average sales price now sitting at a record high of $697,454.
The bad news continues for young Kiwis as the latest Core Logic report shows the proportion of first home buyers has declined since LVR lending restrictions came into force, says Labour’s Housing spokesperson Phil Twyford.
The latest monthly property value index shows that nationwide residential values for March have increased 8.8% over the past year, and 0.1% over the past three months. This means they are now 12.6% above the previous market peak of late 2007.
Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of March shows that there is continued pressure on the housing market, with the average sales price now sitting at a record high of $698,832.
Average asking prices of newly listed residential properties across New Zealand rose to a new record high in March driven by renewed seller confidence in the major centres.
The residential building consent figures released today shows demand for new housing continuing to strengthen. The trend for new home consents is at its highest level since December 2007 which is 85% higher than the most recent low point in March 2011.
New data shows why a capital gains tax on investment properties is needed to stabilise the housing market and give families a fair shot at buying their first home, Green Party housing spokesperson Holly Walker said today.
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