In the suburb of Westmere stands a specially designed home where the layout portrays a ‘modern meets classic’ concept.
In the suburb of Westmere stands a specially designed home where the layout portrays a ‘modern meets classic’ concept.
“The main advice I would give to people wanting to buy an Auckland house is that instead of thinking how to save money, concentrate on how to earn more money. Banking economists are saying young people need to harden up and save more in their personal life and forgo luxuries.
What to do about the housing crisis in a city growing by about 900 people a week? Auckland mayor Phil Goff’s housing taskforce meets for the first time today, the first step in his plan to respond to fast-paced growth out-stripping housing supply.
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.
Good news for first home buyers – at last. Free property insights’ website homes.co.nz has released its latest monthly analysis of bottom quarter prices, and they have moved down.
No-one wants to buy a money pit. Yet it happens and it can be costly financially and psychologically. Even those who intentionally buy a home that requires work usually need to double their budget for the work, says property lawyer Nick Kearney, of Schnauer and Co.
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.
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 New50
Housing Minister Nick Smith says there are tentative signs that the Auckland housing market could be cooling down, but he will not be confident until prices have eased for six months or more. Real estate company Barfoot and Thompson also said today that the Auckland housing market was “subdued” in September and “a totally different50
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