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House price increases 'risk creating an economic underclass'

There was a big jump in the lower quartile house price in Auckland last month, putting the dream of home ownership further out of reach for first home buyers, according to interest.co.nz's Home Loan Affordability Report.

Council recommends the establishment of new Special Housing Areas

The Tauranga City Council agreed yesterday to recommend to the Minister of Housing that two Special Housing Areas (SHAs) be established adjacent to previously approved SHAs in the Wairakei urban growth area, at Golden Sands and Palm Springs.

New Christchurch homes ready for sale in Awatea Green

Today, Building and Housing Minister Dr Nick Smith officially opened Awatea Green - Christchurch’s newest neighbourhood planned, designed and built by Fletcher Living.

Lifestyle market shows continued strength - REINZ

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 411 more lifestyle property sales (+25.4%) for the three months ended February 2016 than for the three months ended February 2015.

First houses opened at Chch affordable housing development

The first completed houses at the Awatea housing development in Christchurch were opened this morning by Building and Housing Minister Dr Nick Smith, who welcomed today’s milestone as further progress in improving the supply and affordability of homes in the city.

Land Transfer Bill passes first reading

The Land Transfer Bill will bring land transfer laws into the 21st century, giving property owners better protection and making it easier to register property, Land Information Minister Louise Upston said today.

Regional markets strong in Feb real estate market

The Real Estate Institute of New Zealand (REINZ) which is the most up to date source of real estate data in New Zealand, announced today that there were 7,291 dwelling sales in February 2016, up 5.7% on February 2015.

Leaky home support extended

The passage of changes to the Weathertight Homes Resolution Services Act this evening is about ensuring assistance is available for families affected by leaky homes who otherwise would have been unfairly excluded, Building and Housing Minister Dr Nick Smith says.

Building activity reaches record high

Building activity reached a record high in the December 2015 quarter, with an increase from the previous quarter in Auckland but a decrease in Canterbury, Statistics New Zealand said today.

Auckland home values drop while other centres rise - QV

The latest monthly QV House Price Index shows that nationwide residential property values for February have increased 11.6% over the past year. Values rose slightly by 0.1% over the past three months and are now 34.3% above the previous market peak of late 2007.

'Energy efficient and affordable homes' being built in Queenstown

Energy efficient and affordable homes are being built in Queenstown’s Shotover Country subdivision, thanks to Rilean Construction’s Evolution Energy-Efficient Homes and the Queenstown Lakes Community Housing Trust (QLCHT).

WoF should be added to rental housing bill - Greens

Building and Housing Minister Nick Smith must explain how many New Zealanders need to die and be admitted to hospital before he will add a life-saving rental housing warrant of fitness to the Residential Tenancies Amendment (RTA) Bill, the Green Party said today.

Auckland Councillors must engage with public on rezoning - ACT

ACT Leader David Seymour is urging councillors to make their positions on rezoning plans clear after tomorrow’s extraordinary Council meeting.

Improvement in housing affordability for first home buyers

There was a significant improvement in housing affordability for first home buyers in many parts of the country including Auckland last month, thanks to a sharp drop in house prices combined with ongoing declines in mortgage interest rates.

Landlords out of pocket but things set to improve

Landlords around New Zealand are losing thousands of dollars in tenancy debt but new statistics illustrate that the losses aren’t as significant as they were four years ago and things are only going to get better.

'Auckland must be exempted' from quake-prone buildings law

Auckland and other low-seismic-risk areas must be exempted from strict new building strength regulations, says ACT Leader David Seymour, who plans to vote against the Building (Earthquake-prone buildings) Amendment Bill at second reading tonight.

Govt must rewrite rental housing bill to save lives - Greens

The Government must rewrite and strengthen its Residential Tenancies Amendment Bill so that it will actually keep Kiwi children warm, safe and dry in the homes they live in, the Green Party said today.

Christchurch's housing affordability improves

Growing incomes, coupled with stabilising rents and house prices, are helping improve housing affordability in Christchurch.

Politicising of Proposed Auckland Unitary Plan 'appalling'

Property Council is appalled with Auckland councillors who have withdrawn their support to rezone Auckland suburbs with the capacity for more housing and apartments.

First home buyers active over summer break

The Real Estate Institute of New Zealand (REINZ), the most up-to-date source of nationwide real estate data in New Zealand, announced today that there were 5,048 dwelling sales in January 2016, up 4.3% on January 2015.

Affordable housing confirmed for Akld Council owned Hobsonville Pt site

The ability to buy a home in sought-after Hobsonville Point just got easier with news today an Auckland Council-owned site will be part of a new Special Housing Area.

PrefabNZ UniPod design competition winner announced

What if your bathroom and kitchen came to your building site in one-piece like a giant piece of Lego? That’s exactly what the UniPod is all about.

Build smart and live well in Selwyn

If you’re thinking of building a new home and want to avoid large power bills or you’re in an existing home and need to manage your power bill, a free presentation can give you some great tips on how to do this.

Housing multi-generational families

An unrecognized household type, the multi-generational household (MGH), where more than one generation of related adults live together, has been rising sharply in New Zealand.

Annual building consents top 27,000

The latest figures from Statistics New Zealand showing 27,132 consents for the year and 2538 for the month of December are the highest in more than a decade and show residential construction is booming, Building and Housing Minister Dr Nick Smith says.

RBNZ Bulletin looks at divergence in house prices between Auckland and regions

The Reserve Bank today published a Bulletin article, ‘New Zealand house prices: a historical perspective’ that provides historical context to the current divergence between house price inflation in Auckland and the rest of New Zealand.

Dwelling consents grow in 2015

Building consents for new dwellings continued to increase in 2015, although not as strongly as in the previous three years, Statistics New Zealand said today.

The complete answer for warm dry homes

Community Housing Aotearoa says that insulation is only half the answer in improving rental housing and that you still need to heat the house.

Auckland housing 'not affordable' since July 2013

Auckland housing has not been affordable for typical first home buyers since July 2013, according to Interest.co.nz's latest Home Loan Affordability Report.

Certified Builders introduces mandatory building guarantees

Certified Builders Association of New Zealand has gone one step further than recent law changes that enhanced consumer protections for building work, by introducing mandatory building guarantees.

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