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.
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.
Housing will be the big election issue in 2017. And New Zealand has more than a housing crisis; it has several housing crises.
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.
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.
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.
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
Increasing debt being taken on by some retirement village operators makes the state of the housing market a more important factor for investors to consider, according to a detailed report on the sector by First NZ Capital. Increased land banking and construction given the ageing population and strong sector growth in recent years will see50
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