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Residential property market springs into summer - REINZ

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.

Too many small Kiwi children moving house - council

Auckland Council says data showing nearly half of New Zealand’s children moved house at least once before their second birthday is a sign that renters need more security on the length of their leases.

Expectations of property vendors hits all-time high

November saw a 1.9% increase over the previous month in the national average asking price of homes for sale, reaching an all-time high of $497,840. In addition, the number of new property listings remains high with 13,512 new listings in November, a 2% lift on the same month last year.

Key 'should follow Aussie crackdown' on foreign home buyers

If John Key is serious about tackling the housing crisis he should adopt moves by Australia’s Parliament to crack down on overseas speculators who are driving up prices, Labour Leader Andrew Little says.

Northern region property sales up 20% - Harcourts

Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of November shows written sales continue to increase, up more than 20% compared to last year.

Building activity reaches $4 billion

In current prices, the unadjusted value of all building activity in the September 2014 quarter reached $4 billion for the first time, Statistics New Zealand said today.

Making homes adaptable 'saves money'

A campaign to encourage Kiwis to think about the future when building or renovating their home; ensuring homes are easy to use, adaptable, accessible and safe to visit and live in, launches this Wednesday 3 December.

Dwelling consents trend decreasing

The trend for the number of new dwellings consented is decreasing, Statistics New Zealand said today.

Auckland housing market 'a risk for the whole country'

House prices in Auckland which have risen 34 percent since 2011 will be sustainable for as long as there is the demand and the means for buyers to continue purchasing, the University of Canterbury’s architect-in-residence and urban commentator Tim Nees says.

Prices surging, but volumes steady in rural property market

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were three fewer farm sales (-0.9%) for the three months ended October 2014 than for the three months ended October 2013.

Home owners offered free healthy home assessments

Christchurch people rebuilding or repairing their earthquake damaged homes can now get free advice to ensure they are warm, dry and energy efficient.

New initiatives to improve tenancy services

Changes to the delivery of key tenancy services are set to streamline and speed up processes for landlords and tenants, Building and Housing Minister Dr Nick Smith announced today.

Chch drives nationwide rental increase of 6 per cent

The median weekly cost to rent a house in New Zealand has risen more than 6 per cent on a year ago, according to the first edition of the Trade Me Property Rental price Index released this morning. The median weekly rent was $399, up from $375 in October 2013.

House price expectations remain elevated - survey

House price expectations remain elevated, with a net 48% of respondents expecting house prices will increase further over the next 12 months according to the latest ASB Housing Confidence Survey.

The Block NZ doing a better job than Nick Smith - Twyford

Nick Smith should consider calling in producers of The Block NZ with participants in the TV series completing more houses in two seasons than the Government’s failed Special Housing Area policy, says Labour's Housing spokesperson Phil Twyford.

Residential property values increase at slower rate

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for October have increased 5.9% over the past year and 1.1% over the past three months which is the slowest rate since October 2012.

LGNZ supports identifying solutions to housing affordability

Local Government New Zealand (LGNZ) supports identifying solutions to address housing affordability and as part of this, welcomes the Productivity Commission’s new issues paper ‘Using Land for Housing’.

Building consents top 24,000 per year

Building and Housing Minister Dr Nick Smith today welcomed the latest figures from Statistics New Zealand that show strong annual growth in the number of building consents.

Dwelling consents down in September

Nearly 2,000 new dwellings were consented last month, but there are signs the trend is decreasing, Statistics New Zealand said today.

New research released on innovation in residential construction

A report by the New Zealand Institute of Economic Research (NZIER) on the impact of the demand for individually tailored (bespoke) houses on innovation in the residential construction sector was released today.

UK's largest residential property investor headlines conference

"As long as you do it right, there is no safer business than property investment," said Kevin Green during his presentations at this weekend’s Annual Conference of the NZ Property Investors’ Federation (NZPIF).

Regulations threaten property growth, say investors

Residential property investors are still confident, growing and looking to buy more properties despite rising interest rates - but many would consider selling up in the event of proposed new regulations.

Property prices 'rising slower this year'

The strong rise in property asking prices has slowed down markedly in recent months, according to Realestate.co.nz, New Zealand’s largest online database of homes for sale.

Banks help leaky unit owners access funding for repairs

Banks have agreed a streamlined process to help homeowners in multi-unit complexes to access loans to pay for work needed to remedy leaky building issues, the New Zealand Bankers’ Association announced today.

Gen Y home ownership prospects 'rapidly declining'

New data from Veda shows that Generation Y’s home ownership prospects appear to be rapidly declining in New Zealand.

Govt challenged to make all NZ homes safe

Leading home builder Jennian Homes has challenged the Government to reduce the number of serious home-related injuries by extending the rental home warrant-of-fitness scheme, proposed by several political parties, to cover all homes in New Zealand.

August real estate market 'idling'

REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 5,481 dwelling sales in the month of August, down 16.3% on August 2013 and down 7.0% compared to July.

Industrial property 'the steadiest performer'

Industrial property has been identified as the steadiest performer in the real estate market by a new report.

Sections in Auckland subdivision sell at 'phenomenal' rate

Sections within a new subdivision south of Auckland are being snapped up off the plans at an incredible rate, as buyers target affordable property on the city’s extending boundary.

Building activity steady

Building activity volume showed a small increase in the June 2014 quarter, Statistics New Zealand said today. "Overall building activity volume increased 1.0 percent in the June 2014 quarter, following 15 percent growth last quarter," business indicators manager Neil Kelly said.

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