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Growing up in Auckland: mapping drivers of residential land growth

NZIER’s Public Good discussion paper Growing up in Auckland? Mapping drivers of residential land growth was released today. In this paper we decomposed growth in residential land into population growth, household size, and land use per capita.

Property asking prices 'show signs of easing'

The average asking price for a New Zealand property hit a new high of $590,850 in June but the rate of increase is easing, according to the latest Trade Me Property Price Index.

Labour's housing plan: A possible game-changer?

Property Council welcomes the release of Labour’s Comprehensive Housing Plan and sees it as a possible game-change in alleviating the housing affordability crisis.

Property Institute questions timing of Reserve Bank statement

Property Institute of New Zealand Chief Executive, Ashley Church, has questioned the wisdom of the timing of this evenings Reserve Bank statement to the Wellington Branch of the Institute of Valuers - warning that it will almost certainly lead to another 'frantic burst' of Investor buying which w

Timber industry ready to contribute to home building catch-up

The timber industry believes the government’s announced boost to home construction, through a Housing Infrastructure Fund, needs to have a timber focus.

Counties Manukau land proposed for housing

Ten hectares of Counties Manukau Health land is being considered for the Government's Crown land housing programme, with consultation starting today, Building and Housing Minister Dr Nick Smith says.

Consents granted for 60 homes in Whangaparaoa

Existing Whangaparaoa Peninsula residents and people wanting to buy a slice of the area’s coastal lifestyle are set to be benefit from the transformation of two open spaces in Stanmore Bay with resource consents now granted for both sites.

Main centre growth 'will see more small town commuters'

"The latest Quotable Value figures showing house values rising by 5.6% nationwide in the last three months alone - the fastest three-month increase in 12 years - will see many country towns and districts in proximity to New Zealand’s increasingly expensive centres becoming the next hot property

Auckland house prices still out of control - Greens

Out of control house price rises in Auckland and around the country further highlight how the National Government’s tinkering is failing to address the housing crisis, the Green Party said today.

$1b fund to accelerate housing infrastructure

The Prime Minister today announced a new $1 billion Housing Infrastructure Fund to accelerate the supply of new housing where it’s needed most, Finance Minister Bill English and Building and Housing Minister Dr Nick Smith say.

Warmer, drier, safer rental law kicks in

Tenancy law changes covering smoke alarms, insulation, enforcement of standards and property abandonment come into effect tomorrow, Building and Housing Minister Dr Nick Smith says.

House consents up, but total dwellings trend flat

Building consents for new dwellings are at a higher level than in 2015, but there has been little growth in recent months, Statistics New Zealand said today.

Kiwis paying $1000 more a year to rent - Trade Me

The median weekly rent across New Zealand continued to climb steadily in the year to May, but growth was slower than last month according to the latest Trade Me Property Rental Index.

Auckland building activity at all-time high

Building activity in Auckland has topped an all-time high of $6 billion per year, Building and Housing Minister Dr Nick Smith and Auckland Mayor Len Brown said today in releasing the latest Auckland Housing Accord monitoring report.

First anchor tenant opens in Christchurch Innovation Precinct

Greater Christchurch Regeneration Minister Gerry Brownlee and Science and Innovation Minister Steven Joyce today welcomed the opening of Kathmandu’s new worldwide head office in the Christchurch Innovation Precinct.

Big overseas building companies 'using bullyboy tactics in NZ'

Large offshore construction companies are using Mafioso style tactics in New Zealand that have forced some small operators out of business, says New Zealand First.

Massey East houses 'a start but Nick Smith should think bigger'

The Massey East 196-home development is a start but the Government must think bigger if it is to end the housing crisis, Labour’s Housing spokesperson Phil Twyford says.

Auckland housing development announced

A 196-home development on surplus Crown land in Massey East with Fletcher Residential has been signed today by Building and Housing Minister Dr Nick Smith.

Record meth haul 'highlights the need for P testing of houses'

The days of getting your mates to check over your property before purchasing are over. The news this week that police have seized the largest ever haul of methamphetamine in New Zealand history highlights just how vital drug testing is now pre-property purchase.

'Mixed outlook' for commercial property sector

Westpac Economics says the commercial property sector is enjoying a purple patch driven by high occupier and investor demand, but that the outlook varies across major centres and will weaken in the last part of the decade.

Q+A: CoreLogic's Jonno Ingerson interveiwed by Corin Dann

CoreLogic’s Jonno Ingerson: A risky time for first home buyers to be getting into the Auckland market. ‘Be careful’

Dwellings growth eases due to lull in apartment consents

Building consents for new dwellings are at a higher level than last year, but growth has eased in recent months, Statistics New Zealand said today.

Report on improving Unit Titles Act welcomed

A report on reform of the Unit Titles Act by a group of professionals involved with bodies corporate has been welcomed by Building and Housing Minister Dr Nick Smith.

Record yield for commercial property - Colliers

A two level, freehold building sold at auction has returned the lowest yield on record for an investment sale by Colliers International of 2.96%.

New tenancy laws a step closer

Changes to New Zealand’s tenancy laws requiring all tenanted properties to have smoke alarms and to be insulated passed unanimously through the committee stages of Parliament today.

Artificial boundaries 'work against land supply'

"The Metropolitan Urban Limit and the Rural Urban Boundary are barriers that were introduced to prevent sprawl. Unfortunately, manipulating market behaviour through highly interventionist policies has resulted in the perverse effect of land supply being starved over the years."

Lifestyle market sales volumes srong with prices rising - REINZ

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 436 more lifestyle property sales (+22.5%) for the three months ended April 2016 than for the three months ended April 2015.

Kiwi Property ownership in The Base shopping centre to remain at 50%

Kiwi Property advises that its offer to acquire 100% of The Base shopping centre at Te Rapa, Hamilton, has not been accepted and that its investment in The Base will therefore proceed by way of a 50:50 joint venture with Waikato-Tainui.

First homes in Ormiston Town Centre

The first homes in the Ormiston Town Centre development are now complete.

Warmer, safer houses a step closer with Govt bill - Minister

A Government Bill to make homes warmer, drier and safer for New Zealanders who live in rental properties has passed its second reading in Parliament by 107 to 14.

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