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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’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.

Bill tackles meth, damage and unlawful tenancies

A Bill which provides better protections and clarity for tenants and landlords has passed its First Reading in Parliament 105-14, Building and Construction Minister Dr Nick Smith says.

Tommy's says Wellington housing market remains robust

Tommy’s Real Estate, Wellington’s leading real estate agency, says that despite reports that the Wellington housing market was running out of steam, Tommy’s signed 76 sales during June.

NZPIF 'very pleased' to see the release of new meth contamination standard

"The NZ Property Investors' Federation is very pleased to see the release of the NZ Standard for meth contamination today" said Andrew King, executive officer

First National sees waterfront development boom if ETNZ wins Americas Cup

First National Real Estate Chief Executive, Bob Brereton, says an Americas Cup win would lead to a massive and sustained period of development on the Auckland waterfront and believes that the city would move quickly to gear up accommodation and infrastructure.

Progress on Pt England housing development

Legislation enabling a housing development at Point England and progress on Ngāti Paoa’s historical Treaty settlement has passed its second reading by 62-43, Building and Construction Minister Dr Nick Smith says.

MBIE releases new housing affordability measure

A new approach to measuring housing affordability will provide important information to support Government and other stakeholder decisions on housing, MBIE Deputy Chief Executive Building, Resources and Markets, Chris Bunny said today when releasing the Housing Affordability Measure.

Wellington housing market 'constrained by shortage of supply and red tape'

Tommy’s Real Estate, Wellington’s leading real estate agency, signed sales of 111 properties in the Capital in March, up on the 99 sales achieved in February.

Accessible Properties acquires more than 1100 Tauranga homes

From tonight Accessible Properties will take over the ownership and management of more than 1100 homes from Housing New Zealand in the Tauranga area.

Housing First launches to help Auckland’s homeless

A new initiative aimed at ending chronic homelessness in Auckland has officially kicked off.

Renting a typical Kiwi house now costs $500 a week

The median weekly rent for a typical New Zealand house hit $500 for the first time ever in February, meaning the annual cost for tenants is now $26,000 a year, according to the latest Trade Me Property Rental Price Index.

Disabled people in rentals 'most likely to be cold at home'

Thirty-eight percent of those disabled people in rented homes said they have difficulty heating, Stats NZ said today.

AVJennings begins more affordable precinct at Hobsonville Point

AVJennings announced today that it is now underway with the construction on the site of the 12.5 hectare Buckley B Precinct at Hobsonville Point, a project that will see the company deliver 114 of the 383 homes as affordable housing.

Auckland building activity up across the board

The value of building activity rose a seasonally adjusted 3.5 percent in the December 2016 quarter, Statistics New Zealand said today. Most of this rise was in Auckland, where residential building work rose 4.5 percent, and non-residential rose 17 percent.

Wellington sees strong growth in housing consents

Wellington is making good progress against its annual targets for new building consents, with 1204 new dwellings or sections consented in the last six months - well over half the 1500 targeted for the year.

Century 21 listings up 35%

Century 21 New Zealand says its number of residential listings nationwide is up a staggering 35.92% compared to the same day last year.

Remarkables residences housing development announced

A $190m 225-home lifestyle development has been announced to local business leaders in Queenstown by Singaporean-based developers GYP Properties Pte Ltd.

Emergency housing boost for the Hutt

Some of Wellington’s most vulnerable will benefit from a new emergency housing service now open thanks to the Government’s backing, Social Housing Minister Amy Adams says.

Govt backtracking on housing as prices rise - Greens

Housing Minister Nick Smith is already backtracking on Bill English’s suggestion he’d provide 69,000 homes in Auckland, as house prices continue to skyrocket across the country, the Green Party said today.

Turangi the town to watch, says NZ real estate leader

Century 21 New Zealand has recently re-launched its office in Turangi, buoyed by the growing popularity of the riverside town just south of Lake Taupo.

Apartment living coming to Porirua city centre

Revitalisation of Porirua’s city centre has been given boost with plans for the city’s first residential apartments - in the former NZ Post building in Serlby Place and an exciting modular apartment development in Station Road.

House prices continue to drive home unaffordability

Over the last quarter of 2016 housing affordability across New Zealand declined by 2.8 per cent, with big declines in some provincial regions. The latest Massey University Home Affordability Report shows further declines in affordability across New Zealand in the final quarter of 2016.

Prices continue to firm although volumes easing

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 86 fewer lifestyle property sales (-3.8%) for the three months ended December 2016 than for the three months ended December 2015.

Monthly home building consents hit 11-year high

The number of new homes consented reached an 11-year high in the month of November, Statistics New Zealand said today. This was due to increased consents in Auckland and the usual pre-Christmas rush.

Property Institute makes housing predictions for 2017

Residential property - particularly in Auckland - is in for another year of strong growth according to Property Institute of New Zealand Chief Executive, Ashley Church.

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