A number of regions across the country experienced new record highs in average asking price in January, though this was off the back of a record low in inventory and a decline in new listings, according to data from Realestate.co.nz, New Zealand’s largest website dedicated to property.
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.
A new report placing Auckland as the fifth most expensive housing market in the world should serve as a serious warning for housing affordability in Auckland.
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 8,174 dwelling sales nationwide in September 2015, up 38.3% on September 2014 and up 5.3% on the previous month, August.
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.
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