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A group representing New Zealand’s property valuers says introducing debt to income limits for mortgage lending would damage the Auckland housing market and New Zealand’s economy. “The number of new homes being built – the very thing that Auckland needs most – would plunge as the number of people earning enough to buy them would50Read More
If you are thinking of selling or looking to raise finance to buy or renovate, you are likely to start by finding out the value of your property. If selling you may want to put an asking price on your property or will be asked to set a reserve for an auction for the lowest50Read More
Big families in Auckland are among those being asked to fork out almost $1.5m for a new home as the price of a five-bedroom property has more than doubled within the last decade. Across all properties, average asking prices in Auckland had also risen to a new high of $897,300, up 2.9 per cent in50Read More
Housing will be the big election issue in 2017. And New Zealand has more than a housing crisis; it hasseveral housing crises. With median house prices around 9 to ten times the median household income, the average young salary-earning couple are hard-pressed to buy a home in Auckland, beyond a one-bedroom apartment. A demand for50Read More
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