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When it comes to buying your first home, the jargon can be pretty daunting. You’ll need to know your LIMs from your LVRs and your building code from your body corporate. The better educated you can become, the easier and safer your purchase will be. Some of the most basic terms to know include: •50Read More
New Zealand is not really suffering from an “inequality crisis” but instead a crisis of rising housing costs hurting the poor more than the rich, a think tank report says. “Rising house prices have made homeowners richer while those in poorer socio-economic groups are having to pay an increasing share of their income on housing.”50Read More
Labour has renewed calls to ban foreigners buying New Zealand houses after an Auckland lawyer claimed numbers were much higher than official figures have revealed. Phil Twyford, Labour’s housing spokesman challenged official data showing that foreign buyers made up only 3 per cent of all buyers. “The Government continues to mislead the public about foreign50Read More
Finance Minister Bill English is signalling a ramp-up of Government intervention in Auckland’s private sector housing market. “The Government will be a provider for the next 10 years of significant numbers of medium-density, medium-priced housing into the Auckland market,” he told the Herald in an interview. He said Auckland’s new Unitary Plan allowed Housing New50Read More
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