The Bank of New Zealand’s Nine Rewards Consumer Trends Survey indicates that interest in buying residential rental property has almost doubled since the LVRs were introduced.
House price expectations remain elevated in the latest ASB Housing Confidence Survey, but it has suffered a dent, with a net 47% of respondents expecting house prices will increase over the next 12 months.
The latest monthly property value index shows that nationwide residential values for January have increased 9.6% over the past year, and 2.2 over the past three months. This means they are now 12.8% above the previous market peak of late 2007.
The New Zealand property market registered the lowest number of new listings in December, foreshadowing a potential housing stock shortage in early 2014.
The lifting of loan-to-value (LVR) restrictions on new builds is a tremendous early Christmas present for those who housing dreams seemed shattered a couple of months ago, Mike Pero Real Estate CEO Mike Pero says.
Registered Master Builders Federation is concerned about the impact of the Reserve Bank’s restrictions on high LVR lending on the construction of new homes.
The team at Fuseworks spend a lot their time pouring over New Zealand political news. Of the thousands of news stories that stream into Fuseworks each day, between 10% and 20% are politics related.
The standard of housing in New Zealand needs to be significantly improved to reduce demands on the health system, according to the NZ College of Public Health Medicine.
Building consents issued for new houses hit a five-year high in the June 2013 quarter, Statistics New Zealand said today.
A total of 5,213 new houses, including apartments, were consented between April and June - the most since the June 2008 quarter.
Canterbury Earthquake Recovery Minister Gerry Brownlee says the Government will seek to have an audit of recent building consents issued by Christchurch City Council to ensure they’re up to the required standards.
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