A pick-up in the Christchurch rebuild rate may be on the way after a High Court judgement in favour of insurers.
NewsFriday, Feb 08, 2013
Housing has been deemed unaffordable so often that it is now considered a fact. The key evidence has been the ratio of house prices to incomes which currently stands at 5.4, with 3 being the proposed ideal level.
The New Zealand Property Investors Federation has developed a calculator to show that anyone with an income can afford to buy a property.
House prices will rise faster this year than they did in 2012, BNZ’s chief economist says. Tony Alexander says a lack of supply and a turnaround in migration will push up prices.
ASB is predicting the housing market will remain tight over the coming years.
Barfoot and Thompson has reported its most active January in five years. The agency said its average price in Auckland in January this year was more than $600,000 and there was a big lift in new listings and sales.
Desperate would-be homeowners are turning to leaky buildings in an attempt to get a foothold in a hot Auckland property market.
It’s usually a quiet month for real estate but it seems buyers didn’t take a holiday from house-hunting this January.
Migration is slowing, which is likely to put further pressure on house prices. New Zealand had seasonally adjusted net migration of zero in December 2012.
Apartments are still selling in Auckland city for less than half the price proposed for a new development at the waterfront.
Reserve Bank Governor Graeme Wheeler should leave the market well alone, says property commentator Olly Newland.
Economists have expressed surprised at the optimistic nature of the latest Official Cash Rate announcement.
Building consent numbers for new houses, including apartments, increased by 9.4% in December, Statistics New Zealand said.
Something that both the Green and Labour housing affordability policies have in common is that they are great for those in a position to buy houses through them. They are less good for everyone else.
Labour leader David Shearer has tempered his plans for a large-scale affordable housing scheme.
National residential property values are up 1.9% over the past three months, 5.7% up on the same time last year, and 1.5% higher than the last market peak, according to QV.
The Green Party’s proposals to get low-income earners into housing have been panned by the New Zealand Property Investors Federation.
Warrants of fitness for rentals and restrictions on rent hikes are high on the Green Party list of priorities in its new housing policy, released today.
ANZ’s latest Property Focus report says the increasing strength of house sales volumes is spreading to provincial New Zealand.
Auckland’s council says signs of increasing activity in the city’s construction sector indicate more sustained economic growth ahead for the region.
Housing Minister Phil Heatley was told only this morning that he will be replaced.
New Zealand’s Government is expecting another house price boom but won’t be intervening with measures such as rent control or public housing schemes, Finance Minister Bill English says.
More than half of New Zealanders support the introduction of a capital gains tax on residential investment properties, a new poll has shown.
Mortgage approval rates are back at levels not seen for more than three-and-a-half years, Reserve Bank data reveals. In the week before Christmas, there were more than 8000 home loans approved.
Buyers in Auckland cannot expect to use CVs as a guide to house prices, commentator Olly Newland says.
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