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Rising prices wipe out interest rate benefit in South Auckland

A big jump in the lower quartile selling price of homes in south Auckland over the last two months more than wiped out the benefits of falling mortgage interest rates for first home buyer households, according to the interest.co.nz Home Loan Affordability Report for July.

HomeStart off to successful start - Minister

The number of first home buyers accessing Government support for making a deposit on a house has doubled since the Government’s new KiwiSaver HomeStart package took effect on 1 April this year, Building and Housing Minister Dr Nick Smith said in releasing the first quarterly report today.

Nelson Bays house builders construct top 100 home

The Nelson Bays franchise of Jennian Homes has been recognised as building one of the top 100 homes in the national 2015 Registered Master Builders House of the Year Awards.

Increase in number of houses possible under Auckland Unitary Plan

Auckland Council has used the new Development Capacity Model to reveal how many houses could be built under the Proposed Auckland Unitary Plan (PAUP).

Big increase in number of house sales in July versus 2014

REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 8,121 dwelling sales in July 2015, up 37.8% on July 2014 and 9.4% compared to June 2015.

Some softening of prices not surprising - real estate boss

Century 21 New Zealand’s National Manager Geoff Barnett says he’s not surprised to hear that the median sales price this winter may be levelling out for some.

Auckland property sales race ahead

While Auckland house sales activity was at its highest in more than 15 years during July, price increases stalled with the average sales price at $827,359 remaining much the same as for the past two months.

John Key's 'hands-off housing ideas failing Aucklanders'

Research released this morning shows the massive scale of the housing supply problem in Auckland, and the urgent need for the Government to intervene so that Aucklanders can have a chance to own their own homes, the Green Party said today.

'Change in sentiment' in farm sale market

Following the latest GDT auction result, Rural Value says there are already indications of a change in sentiment in the market which could lead to a decline in farm sale prices and values in some parts of the country.

Building activity moving from Christchurch to Auckland

The latest building consent data from Statistics New Zealand for the month of June and the latest quarter shows ongoing growth in residential building and a shift in new activity from Canterbury to Auckland, Building and Housing Minister Dr Nick Smith said today.

Over 12,000 new homes consented in first half of 2015

More homes were consented in the first six months of 2015 than a year previously, Statistics New Zealand said today. Between January and June 2015, 12,057 new dwellings, worth almost $4 billion, were consented.

New Auckland housing feasibility report welcomed

Today Auckland Council has welcomed a new report that provides up-to-date information on the feasibility on how many houses could be built under the Proposed Auckland Unitary Plan (PAUP) based on current market conditions.

Typical first home buyers $31.56 a week better off in June

Housing became a little more affordable for first home buyers last month thanks to a combination of falling mortgage interest rates and a slight drop in lower quartile house prices.

OCR cut in line with expectations - REINZ

Today’s reduction in the Official Cash Rate appears to be in line with expectations in the property markets, the Chief Executive Officer of the Real Estate Institute of New Zealand, Colleen Milne, says.

Property Council welcomes emphasis on density and design

Property Council is pleased Auckland Council has acknowledged that the Proposed Auckland Unitary Plan (PAUP) needs to be more flexible.

Market steady as winter chills arrive - REINZ

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 62 fewer farm sales (-11.5%) for the three months ended June 2015 than for the three months ended June 2014.

Auckland asking prices 'rising 10x faster' than the rest of NZ

While Auckland’s property market is continuing to experience massive demand and significant increases in average asking prices, Trade Me Property data shows the City of Sails is at odds with what is happening in much of the rest of the country.

House prices: Labour and National 'afraid to do what's needed'

Both Labour and National are playing politics over skyrocketing demand for Auckland homes and both parties are too afraid to do what’s actually needed, which is introduce a capital gains tax on all properties but the family home, the Green Party says.

Insulation only half the answer to damp housing problems - CHA

The new regulation framework proposed by Government for rental properties is better than the status quo but does not go far enough, says Community Housing Aotearoa (CHA), the peak body for the community housing sector.

Real estate figures 'reinforce busy winter'

"Once upon time winter was the off-season for real estate, but not any more particularly in Auckland," says Geoff Barnett - National Manager, Century 21 New Zealand.

Housing WOF: 'Too little action'

Yesterday the government announced they would not be implementing the debated Warrant of Fitness (WOF) for rental homes, instead announcing a ‘watered-down’ version, with all rental properties requiring smoke alarms to be installed by July next year and to be insulated by July 2019.

Property Institute disappointed by changes to tenancy laws

Property Institute of New Zealand Chief Executive, Ashley Church, says that the Government has missed a chance to enact ‘meaningful’ changes in a suite of new measures targeted at Landlords.

Wellington Mayor welcomes first moves to improve rental housing

People living in sub-standard houses will benefit from new requirements for insulation and smoke alarms in rental accommodation, says Wellington Mayor Celia-Wade Brown who welcomed the move as a positive step forward.

Tenancy law changes to include insulation and smoke alarm requirements

The Residential Tenancies Act is to be strengthened with new requirements for insulation, smoke alarms, better enforcement and faster resolution of abandoned tenancies, Building and Housing Minister Dr Nick Smith announced today.

Alternative housing insights released

Over 98,000 people lived in alternative forms of private housing or communal (non-private) dwellings in New Zealand in 2013, according to new 2013 Census analysis released today by Statistics New Zealand. This was 2.3 percent of the population.

Auckland housing market similar to Sydney - report

The Ministry of Business, Innovation and Employment released the latest edition of the New Zealand Housing and Construction Quarterly today. This quarter’s report looks at how the Auckland housing market resembles international cities more than cities closer to home.

Mould and damp 'driving people from homes'

A nationwide survey has revealed more than a quarter of New Zealanders have moved out of a house because it was cold, damp and mouldy.

$74,000 quarterly rise shows crisis out of control - Twyford

New figures out today showing Auckland house prices have spiked by a massive $74,000 in the past quarter is further evidence the city’s housing crisis has spiralled out of control, says Labour’s Phil Twyford.

Auckland continues to break affordability records

The latest Massey University Home Affordability Report shows that homes in Auckland are now 56 per cent less affordable than the rest of the country - the second consecutive quarter that margin has reached record levels.

Falling consents adding to Auckland housing woes - Twyford

Falling numbers of building consents being issued in Auckland will add to the city’s housing shortfall and fuel skyrocketing house prices, Labour’s Housing spokesperson Phil Twyford.

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