Nationwide residential property values increased further in December according to the latest monthly property value index. Values are up 3.0% over the past three months, 10.0% up over the past year, and 12.5% above the previous market peak of late 2007.
A boost in new apartment consents led to an 11 percent rise (seasonally adjusted) for new dwellings consented in November 2013, Statistics New Zealand said today. Excluding apartments, the seasonally adjusted number of new houses fell 0.5 percent.
The New Zealand property market registered the lowest number of new listings in December, foreshadowing a potential housing stock shortage in early 2014.
There are positive signs for construction activity in Christchurch with the Cantometer snapshot rising to 1.2 in December, with zero marking the level of activity prior to the earthquakes.
Kapiti Coast District Council is making changes to coastal hazard information included in Land Information Memoranda (LIMs) to take into account new information it has received as part of the recent expert coastal panel process.
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 6,691 dwelling sales in the month of November, down 6.6% on November last year and up 2.7% compared to October.
Renters checking out properties on Trade Me can now get guidance on how to choose a safe and healthy home, thanks to a new ‘Renter’s Healthy Home Checklist’.
New Zealand’s number one home builder, G.J. Gardner Homes, welcomes Reserve Bank’s new relaxed policy on loan-to-value houses.
The lifting of loan-to-value (LVR) restrictions on new builds is a tremendous early Christmas present for those who housing dreams seemed shattered a couple of months ago, Mike Pero Real Estate CEO Mike Pero says.
Registered Master Builders Federation is delighted with the Reserve Bank’s announcement today that the construction of new homes will be exempt from the LVR policy restrictions.
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