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New Zealand residential building consents fell for a second month as more permits for new houses couldn’t offset a dip in the more volatile intentions to construct apartments and retirement village units. “Consent values are the highest they’ve ever been,” business indicators senior manager Neil Kelly said. “However, in terms of the numbers we’re still50Read More
The vacant 1.6ha site at Luke St in Otahuhu is owned by the Ministry of Education and still earmarked for a future school when population growth demands it. However, in the meantime it will house 27 two-bedroom, seven three-bedroom and 17 four-bedroom homes for families on the social housing register. The project comes as the50Read More
It’s becoming harder for Aucklanders to borrow money for a new house if they haven’t already sold their current home. East Auckland mortgage broker Bruce Patten said he was getting about 12 calls a week from people having trouble getting bridging finance from their banks to buy a new home before selling their old one.50Read More
It’s not just Aucklanders scrambling to afford property – median values for suburbs in Tauranga, Rotorua and Hamilton continue to climb. Each of Tauranga’s 17 suburbs have increased by at least 20.5 per cent in the year to June. Rotorua and Hamilton have both had increases of 17 per cent in all of their suburbs.50Read More
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