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Bill to amend leaky homes assistance package

The Government is proposing changes to the Financial Assistance Package available under the Weathertight Homes Resolution Services Act to provide clarity of eligibility that will help more owners of leaky homes access assistance, Building and Housing Minister Dr Nick Smith announced today.

NZ's largest residential development officially underway

The start of construction on Albany Rose Gardens’ apartments - the largest residential development in the country - was officially celebrated on Friday 6th March at Westfield Mall, Albany.

Bankrupt property developer's derelict mansion on the market

A spectacular clifftop mansion built by a former high-flying property developer - but unlived in for the past 10 years - has been placed on the market for sale.

BNZ to provide specialist service for new home builders

With the housing shortage reaching ever-increasing highs in Auckland and Christchurch, BNZ is piloting a service to provide specialist support to those building new homes. The BNZ Housing Under Construction Hub, provides specialised service and expert advice to customers building new homes.

Commercial property values 'driven up by falling capitalisation rate'

Auckland property financier James Kellow says many of the best commercial properties in and around Auckland are now selling well below the ‘standard’ seven percent capitalisation rate.

Building work tops $15 billion in 2014

More than $15 billion worth of building work was carried out in 2014, Statistics New Zealand said today. The latest value was $2.8 billion higher than in 2013, a 23 percent rise.

Average house price in Auckland/Northland 'at a 12 month high'

Provisional residential data from New Zealand’s largest real estate group, Harcourts for the month of February shows that the average property price in Auckland/Northland is at a 12 month high of $767,254.

Auckland apartment block sells out ahead of completion

All 91 apartments in the residential development, Hopetoun Residences on Ponsonby’s doorstep have sold out six months ahead of completion.

Average asking price for houses rises above $500,000

The average asking price of homes for sale in New Zealand during February was $511,421 according to the latest monthly data from Realestate.co.nz, marking the first time that sellers’ expectations have pushed the asking price above the half million dollar threshold.

Auckland building consents 'tragic' - Twyford

The only word to describe the latest building consent figures for Auckland is ‘tragic’, Labour’s Housing spokesperson Phil Twyford says. "Whatever the Government is doing to address the Auckland housing crisis, it is clearly not working.

Dwelling consents up in January

The number of new dwellings consented was 3.6 percent higher in January 2015, compared with January 2014, Statistics New Zealand said today. Excluding apartments, this number was 6.8 percent lower.

Property Institute wants LVR restrictions scrapped in provinces

Property Institute of New Zealand Chief Executive, Ashley Church, is calling for the Reserve Banks Loan-to-value mortgage restrictions to be scrapped in the regions claiming that they are having an ‘unreasonable and adverse impact’ on first home buyers in provincial towns and cities.

Could Hamilton's median house price top $400,000 in 2015?

Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that January house sales were extremely strong and a great indicator of a buoyant year ahead for Hamilton’s residential market.

Chinese investors and immigrants 'snapping up Canterbury housing'

Canterbury’s ethnic make-up is set to take on a distinctively Asian-feel - with a growing number of Chinese migrants and investors buying homes in the province.

More Special Housing Areas brings total to 100

Twelve more Special Housing Areas (SHAs) have been approved in Auckland, Tauranga City and the Western Bay of Plenty District, bringing the total to 100 since the Housing Accords legislation was passed 16 months ago, Building and Housing Minister Dr Nick Smith announced today.

Property head allays fears of property crash

Property Institute of New Zealand Chief Executive, Ashley Church, has urged Auckland home owners not to panic about the value of their properties.

Bennett and Key poles apart on housing - Twyford

Paula Bennett and John Key are sending out conflicting messages on whether the Government will build more social housing with the proceeds of its state house sell off, says Labour’s Housing spokesperson Phil Twyford.

Residential housing supply in Auckland continues to tighten

Provisional data from New Zealand’s largest real estate group, Harcourts shows that the residential housing supply in Auckland/Northland continues to tighten with new listings down 18.2% and property on hand down 4.5% compared to last year.

Home affordability heads for uncharted territory

Houses across New Zealand decreased in affordability by 14.1 per cent over the 12 months ending November 2014, according to the latest Massey University Home Affordability Report - and on current trends Auckland’s lack of affordability could reach historic levels.

Auckland house prices 'an abomination'

Statement from Property Council NZ Auckland house prices will continue being outrageously high if Auckland Council doesn’t treat the housing supply shortage seriously in its rulebook.

'Year of mixed sentiment' in residential property market

2014 was a year of mixed sentiment in the residential property market It was a stop start year for residential property values with some flat periods due to uncertainty associated with the LVR speed limits, interest rate hikes and an election, along with periods of rapid value increases in some a

Dwelling consents at seven-year high

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).

Inventory of homes for sale falls; asking prices remain high

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.

New consumer protections for building work

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.

New residential building law effective 1 Jan 2015

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.

Sustainable housing development reaches new milestone

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.

Housing in Auckland report 'bleak for Pacific communities'

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 housing 'now very different from the rest of NZ's'

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

Home loan affordabilty drops sharply in November

Housing became significantly less affordable in November, according to the Roost Home Loan Affordability Index.

Kiwis put sun and insulation top of list for housing

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.

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