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'Encouraging growth' in latest building consent data

'Encouraging growth' in latest building consent data

Building and Housing Minister Dr Nick Smith today welcomed the latest release of figures from Statistics New Zealand which shows the highest number of building consents issued in more than six years.

Building consents top 24,000 per year

Building consents top 24,000 per year

Building and Housing Minister Dr Nick Smith today welcomed the latest figures from Statistics New Zealand that show strong annual growth in the number of building consents.

Time to take action on housing crisis - Property Council

Time to take action on housing crisis - Property Council

Property Council strongly supports the Government’s recent statement that insufficient land supply and overly restrictive district plans are the cause of soaring house prices.

But too much finger pointing is stopping the country from moving forward in the housing supply debate.

Auckland’s property revaluation reveals average 33% increase

Auckland’s property revaluation reveals average 33% increase

Auckland’s three-yearly general property revaluation is well underway, with indicative data showing significant value movements across the region.

A report is going to Thursday’s Finance and Performance Committee:

Average asking price for Auckland homes at new record

Average asking price for Auckland homes at new record

Auckland home sellers want more for their homes than ever before, according to Realestate.co.nz, the website with New Zealand’s largest number of homes for sale. In June, the average asking price for homes in Auckland reached an all-time record of $732,240.

House prices remain steady in Auckland and Northland

House prices remain steady in Auckland and Northland

Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of May shows house prices remain steady, with the average sales price now sitting at $688,209 in the Northern Region. This is up 11% on the same time last year.

Sales volumes fall with prices steady in April market - REINZ

Sales volumes fall with prices steady in April market - REINZ

5,670 dwellings sold in April 2014, down 20.2% on April 2013 and down 22.5% on March

All regions saw declines in sales numbers compared to March and to April 2013

The National, Auckland and Christchurch House Price Indices all recorded record highs in March 2014

Positive economy 'drives interest in rental investment'

Positive economy 'drives interest in rental investment'

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.

Tight housing market continues to influence confidence

Tight housing market continues to influence confidence

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.

Property value growth rate slows

Property value growth rate slows

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.

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