All 91 apartments in the residential development, Hopetoun Residences on Ponsonby’s doorstep have sold out six months ahead of completion.
The average asking price of homes for sale in New Zealand during February was $511,421 according to the latest monthly data from Realestate.co.nz, marking the first time that sellers’ expectations have pushed the asking price above the half million dollar threshold.
The only word to describe the latest building consent figures for Auckland is ‘tragic’, Labour’s Housing spokesperson Phil Twyford says. "Whatever the Government is doing to address the Auckland housing crisis, it is clearly not working.
The number of new dwellings consented was 3.6 percent higher in January 2015, compared with January 2014, Statistics New Zealand said today. Excluding apartments, this number was 6.8 percent lower.
Property Institute of New Zealand Chief Executive, Ashley Church, is calling for the Reserve Banks Loan-to-value mortgage restrictions to be scrapped in the regions claiming that they are having an ‘unreasonable and adverse impact’ on first home buyers in provincial towns and cities.
Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that January house sales were extremely strong and a great indicator of a buoyant year ahead for Hamilton’s residential market.
Canterbury’s ethnic make-up is set to take on a distinctively Asian-feel - with a growing number of Chinese migrants and investors buying homes in the province.
Twelve more Special Housing Areas (SHAs) have been approved in Auckland, Tauranga City and the Western Bay of Plenty District, bringing the total to 100 since the Housing Accords legislation was passed 16 months ago, Building and Housing Minister Dr Nick Smith announced today.
Property Institute of New Zealand Chief Executive, Ashley Church, has urged Auckland home owners not to panic about the value of their properties.
Paula Bennett and John Key are sending out conflicting messages on whether the Government will build more social housing with the proceeds of its state house sell off, says Labour’s Housing spokesperson Phil Twyford.
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