New data shows that homeownership rates have fallen 3 per cent since National came to office despite the number of private rental properties rising by 83,600, Labour’s Housing spokesperson Phil Twyford says.
"The latest Quotable Value statistics showing Auckland house values down 0.2% in the past three months are entirely predictable given Government and Reserve Bank restrictions which came into effect late last year, says Century 21 New Zealand National Manager Geoff Barnett.
The latest monthly QV House Price Index shows that nationwide residential property values for March have increased 11.4% over the past year. Values rose slightly by 0.2% over the past three months and are now 35% above the previous market peak of late 2007.
Efforts to cool Auckland property market taking effect Lower interest rates and the Reserve Bank’s loan-to-value ratio restrictions are making Auckland houses more affordable, according to the latest Massey University Home Affordability Report.
Prefab’s time has come - and not a moment too soon. As Auckland heads rapidly towards a more intensified future, it needs all the quality, fast, affordable, design and construction tools it can get. Prefab is one of those tools.
TÄmaki Regeneration Company (TRC) is excited about the opportunities that come with owning and managing all the social houses in the Auckland suburbs of Glen Innes, Point England and Panmure from 1 April 2016.
The ongoing strong growth in residential building construction seen today in the latest figures from Statistics New Zealand confirm the Government’s housing supply initiatives are working, Building and Housing Minister Dr Nick Smith says.
The number of new dwellings consented rose strongly in February after falling in the previous month, Statistics New Zealand said today.
There was a big jump in the lower quartile house price in Auckland last month, putting the dream of home ownership further out of reach for first home buyers, according to interest.co.nz's Home Loan Affordability Report.
The Tauranga City Council agreed yesterday to recommend to the Minister of Housing that two Special Housing Areas (SHAs) be established adjacent to previously approved SHAs in the Wairakei urban growth area, at Golden Sands and Palm Springs.