Building and Housing Minister Dr Nick Smith today welcomed the latest figures from Statistics New Zealand that show strong annual growth in the number of building consents.
Nearly 2,000 new dwellings were consented last month, but there are signs the trend is decreasing, Statistics New Zealand said today.
A report by the New Zealand Institute of Economic Research (NZIER) on the impact of the demand for individually tailored (bespoke) houses on innovation in the residential construction sector was released today.
"As long as you do it right, there is no safer business than property investment," said Kevin Green during his presentations at this weekend’s Annual Conference of the NZ Property Investors’ Federation (NZPIF).
Residential property investors are still confident, growing and looking to buy more properties despite rising interest rates - but many would consider selling up in the event of proposed new regulations.
The strong rise in property asking prices has slowed down markedly in recent months, according to Realestate.co.nz, New Zealand’s largest online database of homes for sale.
Banks have agreed a streamlined process to help homeowners in multi-unit complexes to access loans to pay for work needed to remedy leaky building issues, the New Zealand Bankers’ Association announced today.
New data from Veda shows that Generation Y’s home ownership prospects appear to be rapidly declining in New Zealand.
Leading home builder Jennian Homes has challenged the Government to reduce the number of serious home-related injuries by extending the rental home warrant-of-fitness scheme, proposed by several political parties, to cover all homes in New Zealand.
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 5,481 dwelling sales in the month of August, down 16.3% on August 2013 and down 7.0% compared to July.
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