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Lower quartile house price surge in Auckland, fall in regions

Buying a first home became more affordable in most parts of the country last month thanks to a fall in lower quartile selling prices in most regions, but significantly less affordable in Auckland, where the lower quartile price surged to a record high, according to the interest.co.nz First Home B

Auckland rental prices boiling while Chch cools

As rent increases slow in much of the country, Auckland is forging its own path with the median weekly rent reaching yet another high, up to $490 per week for May. Rents in Auckland have increased by 6.5 per cent in the year to May 2015, ahead of the national increase of 6.3 per cent.

South Auckland housing meeting 'highlights stark realities'

The stark realities of life for South Aucklanders in substandard Housing New Zealand and private rental homes were fully exposed at a South Auckland housing meeting today, Labour’s MP for Manukau East Jenny Salesa says.

Medium density housing the key to AKL's housing problem?

In the midst of Auckland’s housing crisis, one of the city’s leading residential home builders and its architectural partner are showing that medium density terraced housing is a viable, affordable and architecturally attractive option in an increasingly space restricted region.

5,700 apartments in Auckland pipeline

At a time of unprecedented attention on Auckland housing availability and affordability, plus OECD warnings that Auckland’s house prices are becoming a burden to Kiwi households and the wider economy, new research released by CBRE today shows that 5,700 new apartments are set to be developed ac

Average asking prices for all Auckland property now $500k+

In May the door continued to close on buyers trying to enter the Auckland house market with less than $500,000 to spend.

Sales volumes 'reflect cautious confidence in rural sector'

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 62 fewer farm sales (-11%) for the three months ended May 2015 than for the three months ended May 2014.

Property Institute warns of 'apartment bubble'

Property Institute of New Zealand Chief Executive, Ashley Church, is warning of an ‘apartment bubble’ as the likely consequence of two seemingly unrelated responses to house price inflation in the Auckland property market.

Nelson Housing Accord agreed between Govt and Council

A Nelson Housing Accord aimed at improving the supply and affordability of housing in the district has been signed today by Building and Housing Minister Dr Nick Smith and Mayor Rachel Reese.

Property: Auckland all about price; the regions about volume

REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 7,989 dwelling sales in May 2015, up 21.6% on May 2014 and up 10.4% compared to April.

First Special Housing Area for Queenstown Lakes

A 38-hectare site with the potential for 150 new homes near Lake Hayes has been announced as the first Special Housing Area under the Queenstown Lakes Housing Accord, Building and Housing Minister Dr Nick Smith and Mayor Vanessa van Uden announced today.

Auckland property values rise at fastest annual rate in 11 years

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for May have increased 9.0% over the past year and 3.1% over the past three months. This means they are now 24.1% above the previous market peak of late 2007.

Govt 'needs to get real' about substandard housing

A prospective housing Warrant of Fitness (WOF) is back on the agenda and an industry expert is challenging the Government to stop sitting on its "collective hands".

Govt's 'half-baked housing standards nowhere near enough'

The Government’s proposed health and safety standards for rental properties are nowhere near enough to fix the shoddy state of cold, damp New Zealand homes and keep Kiwi kids from getting seriously sick, the Green Party said today.

Data points to Auckland's dominance only strengthening

By Geoff Barnett Respected and independent property information company, CoreLogic, recently compiled and analysed some extensive data which backs up some real estate commentary but at the same time dispels a few commonly held assumptions.

60% of Alexandra Park stage one residential development sold

Alexandra Park’s much celebrated ‘223 Green Lane West’ urban village development is enjoying significant early success, says Alexandra Park CEO Dominique Dowding.

Building activity growth continues

Building activity was worth almost $3.9 billion in the March 2015 quarter, up nearly 10 percent on the March 2014 quarter, Statistics New Zealand said today.

Sales for May up 34.4% - Harcourts

Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of May shows the strong demand experienced over the past two months has continued. Written sales for May were up 34.4% compared to the same period in 2014.

Crown Land Programme 'a milestone in addressing housing crisis'

Property Council believes the identification of approximately 500 hectares of land in four sites in Auckland is proof that the Government is taking the housing crisis seriously.

Apartment consents rise in Auckland

Apartment consents reached a seven-year high in April 2015, Statistics New Zealand said today. Building consents were issued for 467 apartments. Almost all of these apartments will be built in Auckland.

Real estate figures 'prove quick flick tax will hit Auckland more'

The Government’s new bright line test to tax any capital gain realised from residential property sold within two years of purchase (excluding people’s main home) will make a greater difference in Auckland where speculation is more pronounced latest figures prove, says Geoff Barnett, National

Affordable for first home buyers 'everywhere but Auckland'

New Zealand has a property market of two halves - Auckland and everywhere else, according to the latest AMP360 First Home Buyer Affordability Report.

Fund to facilitate Auckland housing development

The Government has established a $52.2 million capital contingency fund in Budget 2015 to facilitate housing development on Crown-owned land in Auckland, Building and Housing Minister Dr Nick Smith says.

Homes built on Crown land must be affordable - Greens

Any Government move to free up Crown land for housing in Auckland must come with a guarantee that 100% of the homes built on it will be dedicated affordable housing, the Green Party said today.

Auckland land measure seven years too late - Twyford

National are so desperate to look like they are doing something about the Auckland housing crisis they have dusted off Labour’s 2008 inventory of government land available for housing and re-announced it, says Labour’s housing spokesperson Phil Twyford.

Property Institute supports policy 'tweaks'

Property Institute of New Zealand Chief Executive, Ashley Church, has applauded the suite of tax and property measures announced today - but says that they are more in the nature of welcome ‘tweaks’ than major policy changes and cautions that they will not impact on house price inflation in A

Budget 2015: Extra property tax measures

The Government is taking extra steps to bolster the tax rules on property transactions - including those by overseas buyers - and to help Inland Revenue enforce them, Finance Minister Bill English and Revenue Minister Todd McClay say.

Extra measures to tax property investors

The Budget will include extra measures to ensure that people buying and selling residential property for profit - including overseas buyers - pay their fair share of tax, Prime Minister John Key says.

LVR restrictions 'set to lift property market outside Auckland'

New Zealand’s largest real estate company, Harcourts believes that the new LVR restrictions will do little to solve housing issues in Auckland but that the changes should provide some benefit to the rest of the country.

Commercial property market delivers strong return - index

The Property Council New Zealand/MSCI New Zealand All Property Index results released show a total return of 11.7% for the year ending March 2015. This result is the above annualised return to December 2014 of 11.3% and above the long-run average return of 10.6%.

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