Housing Minister Dr Nick Smith today announced $16.7 million of Government funding for 87 new community social houses in Auckland.
Treasury documents released today show that Treasury warned the Government loan to value ratio restrictions would have a massive impact on first home buyers.
Building and Construction Minister Maurice Williamson and Disability Issues Minister Tariana Turia today announced a review has begun into building access for disabled people.
Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 73 more farm sales (+27.1%) for the three months ended September 2013 than for the three months ended September 2012.
One of the largest remaining privately owned landholdings in inner Auckland is up for sale for the first time in 56 years.
First time buyers have been hammered by the new mortgage lending restrictions according to the BNZ-REINZ market survey that shows for its first time ever there are fewer first home hunters in the market, says Labour's housing spokesperson Phil Twyford.
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 6,720 dwelling sales in the month of September, up 18.9% on September last year and up 2.6% compared to August.
National’s announcement that just 10% of the 6,000 houses to be built in special housing areas in Auckland will be affordable is a huge disappointment for young families, Green Party Co-leader Metiria Turei said today.
The Government’s planning announcement offers little hope for first home buyers but developers will be laughing all the way to the bank, said Labour’s Housing spokesperson Phil Twyford.
A joint government and Auckland Council move today to make land available for 6000 new affordable houses in ten more special housing areas has been welcomed today by the New Zealand Bankers’ Association as a positive step in addressing the housing supply issue in Auckland.
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