Revenue Minister Todd McClay says the new bright-line test, which comes into force today, will improve compliance with the current residential land sale rules and help to ensure that people pay their fair share of tax on gains from property sales.
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.
Building consents for new dwellings in Canterbury have decreased, Statistics New Zealand said today.
"Canterbury dwelling consents more than tripled between 2011 and 2014, but have been decreasing since then," business indicators manager Neil Kelly said.
At a time of unprecedented attention on Auckland housing availability and affordability, plus OECD warnings that Auckland’s house prices are becoming a burden to Kiwi households and the wider economy, new research released by CBRE today shows that 5,700 new apartments are set to be developed ac
Property Institute of New Zealand Chief Executive, Ashley Church, is warning of an ‘apartment bubble’ as the likely consequence of two seemingly unrelated responses to house price inflation in the Auckland property market.
New building consent figures released today by Statistics New Zealand confirm the strong progress being made in increasing housing supply, particularly in Auckland and Christchurch, Building and Housing Minister Dr Nick Smith says.
‘Black box’ development charges in the Waikato need to stop if the region wants to grow, according to Property Council.
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 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.
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.
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