A new Housing New Zealand initiative called FirstHome to help families buy their own home was announced today in Blenheim by Housing Minister Dr Nick Smith.
Changes to KiwiSaver and Welcome Home Loans which take effect tomorrow will help first home buyers get into the market, Housing Minister Dr Nick Smith says.
The trend for consented new houses appears to be flattening after two years of growth, Statistics New Zealand said today.
New loan to value ratios coming into effect tomorrow will hit hard at those on low incomes says the Council of Trade Unions Secretary, Peter Conway.
Registered Master Builders Federation is concerned about the impact of the Reserve Bank’s restrictions on high LVR lending on the construction of new homes.
Home loan affordability worsened slightly in August after house prices rose again, more than offsetting marginal improvements in incomes and the effects of near record low interest rates for borrowers with large deposits.
Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 51 more farm sales (+16.0%) for the three months ended August 2013 than for the three months ended August 2012.
Lodge Real Estate’s managing director, Jeremy O’Rourke, today cautioned Hamilton renters considering purchasing a home that increasing property investor activity could soon put the squeeze on them from both sides of the market.
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 6,548 dwelling sales in the month of August, up 8.5% on August last year but 3.4% lower than July.
Work on the development of a new medium density housing development in Hastings has commenced.
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