The number of new home approvals rose in January 2012 compared to the year earlier, with apartments accounting for almost half of the increase.
Nationwide residential property values have continued to rise with Auckland leading the charge, according to the latest QV monthly index.
January 2012 saw a 25.2% rise in house sales making it the best January for sales volumes since 2008, according to the Real Estate Institute of New Zealand (REINZ).
Many regions record double-digit sales growth in January with Waikato/Bay of Plenty seeing 35% more sales than this time last year.
The gulf between the Auckland housing market and the rest of the country appears to be widening according to the latest ASB Housing Confidence Survey.
Property investors have been spurred back into action by stories of rising rents and accommodation shortages and are back in the market, according to the first
Property investors and landlords may be legally required to ensure their properties meet Government standards for heating and energy efficiency if a Bill proposed by Green MP Gareth Hughes becomes law.
The Auckland property market saw its strongest January in four years with prices reaching the highest average ever for the month, according to Barfoot & Thompson.
More property investors are set to return to Auckland and will eventually branch out to other centres, according to BNZ economist Tony Alexander.
The housing market recovery is likely to be underpinned by a turn-around in net migration from the second half of this year and into next.
The Department of Labour is predicting annual net migration will go from a net inflow of just below 4,000 people in the year ended June last year to an outflow of about 4,000 in the near term before turning back to a net inflow of about 6,000 in mid to late 2012 and early 2013.
The New Zealand Productivity Commission as an independent Crown Entity established by the Government in December 2010. The Commissions purpose is to help the Government improve laws and regulations that guide and incentivise how individuals, businesses and other organisations make their decisions.