The number of new dwellings consented rose in Auckland, but decreased in Canterbury, in October 2015 compared with October 2014, Statistics New Zealand said today.
Life became slightly easier for first home buyers in many regions last month thanks to a small drop in the lower quartile selling price and the ongoing slide in mortgage interest rates, according to the Interest.co.nz Home Loan Affordability Report.
The Government today marked the 500th completed home at Hobsonville Point and the launch of a new precinct at the Auckland housing development with a visit by the Prime Minister and Building and Housing Minister Dr Nick Smith.
Ten heritage building owners will benefit from the latest round of Wellington City Council’s Built Heritage Incentive fund after their applications were approved today.
The decision by a panel of commissioners appointed by Auckland Council to allow new houses to be built on a disused quarry site in Mount Eden has been welcomed today by Building and Housing Minister Dr Nick Smith.
The phenomenon known as the ‘Auckland effect’ has infiltrated the Bay of Plenty property for sale market and it has become the second most expensive region to buy a house, according to October’s Trade Me Property Price Index.
A Lincoln University expert says new figures are making it clearer investing in more central business district (CBD) office space makes no financial sense for developers.
Property Council is optimistic about Labour’s housing reforms announcement made by Housing spokesman Phil Twyford. Property council chief executive Connal Townsend believes the annoucemnet paves the way to lateral thinking about addressing New Zealand’s housing problem.
Labour’s ground-breaking new policy on reforming planning rules will make housing more affordable, Labour’s Housing spokesperson Phil Twyford says.
Building and Housing Minister Dr Nick Smith has rejected data used in a media report published today on the number of homes completed in Auckland under the Housing Accord with Auckland Council, saying the pace of residential construction in Auckland is at a 10-year high and is continuing to grow.