Green light for rebuild
A pick-up in the Christchurch rebuild rate may be on the way after a High Court judgement in favour of insurers.
News
Friday, Feb 08, 2013Any worker can own a home
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.
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Anyone can buy a house: NZPIF
The New Zealand Property Investors Federation has developed a calculator to show that anyone with an income can afford to buy a property.
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Prices will increase more quickly this year: Alexander
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.
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No let-up in housing market for years: ASB
ASB is predicting the housing market will remain tight over the coming years.
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Barfoot reports strong January sales
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.
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Desperate buyers turn to leaky homes
Desperate would-be homeowners are turning to leaky buildings in an attempt to get a foothold in a hot Auckland property market.
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Listings can't keep pace with interest: Realestate.co.nz
It’s usually a quiet month for real estate but it seems buyers didn’t take a holiday from house-hunting this January.
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Fewer Kiwis leaving the country
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.
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Apartments proposed for waterfront
Apartments are still selling in Auckland city for less than half the price proposed for a new development at the waterfront.
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Newland: Best option? Do nothing
Reserve Bank Governor Graeme Wheeler should leave the market well alone, says property commentator Olly Newland.
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Economists surprised by Wheeler's optimistic tone
Economists have expressed surprised at the optimistic nature of the latest Official Cash Rate announcement.
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Volatile apartments push consent figures up
Building consent numbers for new houses, including apartments, increased by 9.4% in December, Statistics New Zealand said.
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Schemes benefit a lucky few
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.
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Shearer: No $300k houses in Auckland
Labour leader David Shearer has tempered his plans for a large-scale affordable housing scheme.
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Auckland prices 10% above last peak: QV
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.
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Greens' scheme slammed
The Green Party’s proposals to get low-income earners into housing have been panned by the New Zealand Property Investors Federation.
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Green Party calls for stricter tenancy laws
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.
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Housing market heat infectious: ANZ
ANZ’s latest Property Focus report says the increasing strength of house sales volumes is spreading to provincial New Zealand.
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Council heralds construction lift
Auckland’s council says signs of increasing activity in the city’s construction sector indicate more sustained economic growth ahead for the region.
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Heatley loses Housing
Housing Minister Phil Heatley was told only this morning that he will be replaced.
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Government predicts house price boom
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.
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Capital gains tax support: Poll
More than half of New Zealanders support the introduction of a capital gains tax on residential investment properties, a new poll has shown.
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Mortgage approvals at 2009 levels
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.
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CVs no price guide: Newland
Buyers in Auckland cannot expect to use CVs as a guide to house prices, commentator Olly Newland says.
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