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REINZ welcomes softened stance on Overseas Investment Amendment Bill

The Real Estate Institute of New Zealand (REINZ) welcomes some of the changes proposed by the Finance and Expenditure Committee in relation to the Overseas Investment Amendment Bill but still believes that the foreign buyer ban won’t solve New Zealand’s housing affordability issues.

Experts provide property investment outlook

Today property and fund manager, Property Managers Group (PMG), has launched the NZ Property Thinkbook, a publication which brings together some of the best economic, investment and property minds in the country.

Value of building work put in place: March 2018 quarter

Residential and non-residential building activity volumes fell in the March 2018 quarter, Stats NZ said today. The fall in building activity takes into account the effects of higher construction costs and typical seasonal patterns.

Mayor welcomes thermal upgrade for Hutt homes

Lower Hutt Mayor Ray Wallace has welcomed Housing New Zealand’s announcement of a pilot programme to improve the thermal performance of its homes in Lower Hutt. Mayor Wallace joined Housing and Urban Development Minister Phil Twyford in Taita today for the Housing NZ announcement.

Cold New Zealand council housing getting an upgrade

University of Otago, Wellington researchers are advocating for standards to bring all New Zealand housing up to the World Health Organization (WHO) minimum standard which recommends indoor temperature of 18oC.

300 new homes for Manukau

Auckland Mayor Phil Goff today announced a major new housing development in the heart of Auckland’s south. An empty site at 20 Barrowcliffe Place in Manukau will be developed into a residential neighbourhood of up to 300 new homes during the next five years.

New listings in April ‘staggering’ for real estate company

One real estate company has experienced a 79.55% increase in the number of new residential property listings for the month of April compared to April last year.

KiwiBuild: Opportunity for developers launched

Tender documents for the KiwiBuild ‘Buying off the Plans’ initiative - whereby the Government will underwrite or purchase new homes the private sector and others are developing - have been released today, Housing and Urban Development Minister Phil Twyford says.

More more houses delivered by Tamaki Regeneration Programme

Auckland Mayor, Phil Goff, welcomed the opening today of four new houses in Fenchurch Park, bringing the total to 336 new homes delivered under the Tāmaki Regeneration Programme.

AKL mayor welcomes Unitec housing announcement

Mayor Phil Goff has welcomed the government’s purchase of 29 hectares of land from Unitec to create up to 4,000 new homes in Auckland.

West Flaxmere vision gets green light

An innovative vision designed to provide 120 high-quality affordable homes in Flaxmere has been agreed to by Hastings District Council and Te Taiwhenua o Heretaunga. Next steps will include the normal resource consent and planning processes.

The easing trend continues - REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 100 fewer lifestyle property sales (-5.5%) for the three months ended January 2018 than for the three months ended January 2017.

Property Institute housing predictions for 2018

Following a 100% ‘hit rate’ on its housing market predictions for 2017 - the Property Institute has now released its predictions for 2018.

Home builder partners sought for government owned Northcote land

Home builder partners keen to be involved in major government housing projects in Auckland are being sought for five superlots of land totalling 1.58 hectares in Northcote on the North Shore.

Healthy Homes a milestone for New Zealand - Twyford

Every New Zealander deserves a warm, healthy home to live in, and the Health Homes Guarantee Act will help ensure that, said Minister of Housing and Urban Development Phil Twyford.

Rural market experiences a slow start to Spring

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 92 fewer farm sales (-26.1%) for the three months ended October 2017 than for the three months ended October 2016.

Property Institute warns against spending spree based on new CV

Property Institute of New Zealand Chief Executive, Ashley Church, has strongly endorsed a warning, by new Housing Minister Phil Twyford, that Aucklanders should not go out and binge on the basis of big increases in the Council-assessed value of their homes.

One office space remains in multi-million-dollar business park in Wigram

Investors and owner-occupiers are being targeted by the original developer of a multi-million-dollar light industrial multi-use business park in Christchurch.

Small changes can make big differences for tenants

Even minor improvements to new buildings can make a significant difference to tenants’ comfort, new research from the University of Otago, Wellington, has found.

New opening in Henderson

Moving to the city’s outer suburbs doesn’t mean you have to give up all of the creature comforts of urban living. Good Home Lincoln Road has opened its doors in Henderson and the team want you to come in, put your feet up and say hello to the new local.

Queenstown's newest Special Housing Area 'setting the bar high'

Queenstown’s residential housing development, Bullendale, is setting the bar high for Special Housing Areas (SHAs) across the country, forging a solid reputation for providing affordable living, a sense of community and architecturally designed quality homes at a pace that has surprised the mar

Difficult conditions constrain rural market

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 117 fewer farm sales (-30.2%) for the three months ended September 2017 than for the three months ended September 2016.

Chch made tiny houses attract massive attention at Home Show

High quality ‘tiny houses’ seem to be piquing the interest of more Cantabrians as evidenced by hundreds of people looking through two Christchurch built examples this weekend at the Christchurch Home Show.

Ruapehu District rating revaluation confirmed

The Ruapehu District Rating Revaluation for 2017 is now confirmed and property owners will soon receive a 2017 Notice of Rating Valuation with an updated rating value for their property.

Stronger for longer in Auckland as yields continue to firm

The Auckland commercial property market continues to retain its buoyancy, despite typical late cycle behaviour driven by tightening credit conditions, capacity constraints and labour shortages, according to CBRE’s latest Marketview report.

Cheaper to rent than own but for how long?

A NZ Property Investors' Federation (NZPIF) study has shown that renting the average NZ property is $218 per week cheaper than owning the same property.

Govt housing support more comprehensive than ever - Adams

The Government is providing warm and safe housing for those New Zealanders who need a helping hand, says Social Housing Minister Amy Adams.

Kahukura: Is it Christchurch's greenest new building?

A clever, beautiful, $34 million sustainable building deploying innovative building technologies is soon to open in Christchurch at Ara’s central campus on Moorhouse Ave.

Falling house prices around NZ

House prices are now falling in most parts of the country making home ownership more affordable for first home buyers in most places, according to interest.co.nz’s June Home Loan Affordability reports.

Labour to work with Queenstown to build more houses

Labour will work with Queenstown-Lakes District Council, iwi, and the Community Housing Trust to build the modern, affordable housing Queenstown desperately needs, says Leader of the Opposition Andrew Little.

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