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New Tauranga Housing Accord signed

The new Tauranga Housing Accord has been signed by Tauranga City Mayor Greg Brownless and Minister for Building and Construction Dr Nick Smith.

Residential building activity grows on strong foundations

The volume of residential building work rose 2.4 percent in the September 2016 quarter, Statistics New Zealand said today. This rise followed 5.7 and 5.6 percent increases in the June and March quarters, respectively.

Te Atatu land secured for additional housing

Land suitable for 60 apartments on the Te Atatu Peninsula is the latest addition to the Crown Land Programme, Building and Housing Minister Dr Nick Smith says.

More social housing for Auckland

A new social housing complex of 120 apartments is to be built on surplus Crown land and an adjoining Housing New Zealand site in Auckland in partnership with local iwi, Ministers Paula Bennett and Nick Smith have announced.

Final four townhouses 'present once in a lifetime opportunity'

Just four townhouses offering a luxury living experience remain for sale in Alexandra Park’s celebrated urban village development currently under construction on Greenlane West, Epsom.

18 for 4 offers a great solution for Auckland housing

With Auckland’s population increasing by the equivalent of the populations of Invercargill and Whanganui, community housing providers are proposing a sensible solution to increase the supply of affordable homes in Auckland.

Auckland leads price rise as volumes continue to fall

Despite a nationwide drop in sales volumes, Auckland is one of four regions to hit record high median sale prices in October, while the national median price eased by $5,000 to $510,000, according to the latest figures released today by REINZ, source of the most recent, complete and accurate real

Housing New Zealand exceeds new build target

Housing New Zealand has achieved some significant wins in the 2016 financial year, including exceeding its new-build target, housing more families than the previous year and investing a record amount into upgrading its properties.

Lifestyle properties: Sales growth slowing down; prices still firming

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 155 more lifestyle property sales (+7%) for the three months ended September 2016 than for the three months ended September 2015.

Auckland and Central Otago vie for least affordable region

Auckland is now 62 per cent less affordable than the rest of the country, and homes in Central Otago Lakes are 61 per cent less affordable.

New HNZ developments building a greener world

World Green Building Week kicked off last week (26 September) and Housing New Zealand’s work to construct warm, dry and energy-efficient sustainable housing has been acknowledged by the New Zealand Green Building Council (NZGBC).

Dwelling consents pass $10 billion

The annual value of building consents for new homes has reached $10 billion for the first time, Statistics New Zealand said today.

Next step for housing infrastructure fund

Councils can now submit indicative proposals for the Government’s $1 billion Housing Infrastructure Fund, Building and Housing Minister Dr Nick Smith says.

Iconic Auckland suburb undergoing transformation

Auckland’s iconic suburb of Mount Eden is poised for a major face lift with the rise of high quality residential apartments, improved public transport and an influx of new retail and commercial outlets.

Tauranga Housing Accord to be extended

Tauranga City Council agreed today to amend the Tauranga Housing Accord, to allow Council to continue processing resource consents for developments in Special Housing Areas.

House values set to soar for some time, says real estate boss

"One thing’s for sure New Zealand’s housing market is set to soar for a while yet," says Century 21 New Zealand National Manager Geoff Barnett.

Property Institute welcomes LVR tweaks

Property Institute of New Zealand Chief Executive, Ashley Church, says today's decision, by the Reserve Bank, to relax Loan to Value (LVR) restrictions on investors building new homes is an important step in the right direction.

Century 21 listings jumped 97% this winter

While some industry figures have shown nationwide property listings falling, Century 21 New Zealand has revealed its listings sky-rocketed this past winter.

Next steps in earthquake-prone building policy

Building and Housing Minister Dr Nick Smith today released for consultation regulations approved by Cabinet on Monday for the new earthquake-prone building legislation.

Building levels reaching pre-GFC activity

Data released today by Statistics New Zealand shows that while the value of building work put in place for the 2016 June quarter is at record levels, the actual building activity is now nearly reaching 2004 peak levels.

Building boom going strong - Minister

The nearly 1100 dwelling consents issued in Auckland in July shows New Zealand’s building boom is continuing to gather momentum, Building and Housing Minister Dr Nick Smith says.

Rights of the tenant versus rights of the landlord

"There are good and bad aspects of the Greens’ Residential Tenancies (Safe and Secure Rentals) Amendment Bill which was selected from the ballot today" says Andrew King, Executive Officer of the NZ Property Investors’ Federation.

Green Party Bill puts renters' rights on the agenda

A Green Party Member’s Bill pulled from the ballot today will put renters’ rights firmly on the political agenda, where it belongs.

Low interest rates 'will mean busy spring'

"It’s yet to be seen just how much of the latest Official Cash Rate cut will be passed on by our retail banks.

Opinion: Oh, give me a home...

House price inflation is an issue of supply and demand - but it's the supply of easy money that is the real culprit, Massey academics say.

National's runaway housing market is hurting rest of economy - Greens

House price data released today shows no signs of a slow down to the overheated housing market and overdue cuts to the Official Cash Rate (OCR) tomorrow are likely to add further fuel to the fire, the Green Party said today.

Ravenswood launches commercial centre with major retailers

Ravenswood, the new 1300 section residential community in the heart of North Canterbury, has announced the inclusion of several major retailers as anchor tenants for its new commercial centre.

Auckland median prices hit record $825k in July - REINZ

Four regions hit new record high median sale prices in July, with the national median sale price rising by $5,000 to $505,000, only $1,000 shy of the record median price reached in May 2016, according to the latest data released today by REINZ, source of the most recent, complete and accurate rea

LVR loophole 'shutting home owners out of the market'

A loophole in applying LVR restrictions means home owners are struggling to get bridging finance and are effectively shut out of the intensely competitive property market.

Average Auckland house price $948,434 in July - Harcourts

The average house price in Auckland and Northland rose to $948,434 in July. Provisional data from Harcourts, New Zealand’s largest real estate group, shows the average sale price in the region is up 15% from July 2016, and up 14.5% compared to June 2016.

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