Building consents for new dwellings hit a seven-year high in November, Statistics New Zealand said today. In unadjusted terms, 2,420 new dwellings were consented in November (including 474 apartments).
The average asking price of houses for sale in December remained at high levels across the country, while inventory of available homes for sale declined reaching record low levels in Auckland.
Building and Housing Minister Dr Nick Smith is welcoming new consumer protections that will require builders to have written contracts, provide information on their relevant skills, experience and qualifications, and disclose their insurance and warranty cover from tomorrow.
In a move to protect homeowners, the Government will from the start of 2015, require builders to keep and produce written records of any residential work valued at over $30,000.
A sustainable housing development in Hastings has reached a new milestone, with the first of eleven solar PV equipped new-builds complete and open as a show home.
The Housing in Auckland report paints an extremely bleak picture for families in the Pacific community who are being hit hard by the housing crisis, says Su’a William Sio, Labour’s Pacific Island Affairs spokesperson.
Auckland’s housing has changed markedly over the past two decades as the city reacts to its growing population, with more multi-storey homes, greater density, and fewer unoccupied homes all making it very different to the rest of the country, according to the latest research from Statistics New
Housing became significantly less affordable in November, according to the Roost Home Loan Affordability Index.
An overwhelming nine out of ten New Zealanders rate good sun and insulation as ‘important’ or ‘very important’ when choosing a new home - far outweighing other factors.
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 7,416 dwelling sales in the month of November, up 6.5% on November 2013 and up 12.2% compared to October.
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