Following the leaky home saga New Zealand has fallen in love with wood again. But there are alternatives.
Following the leaky home saga New Zealand has fallen in love with wood again. But there are alternatives.
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.
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.
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.50
21 per cent of Kiwi’s believed their “own home” was the best investment up from 14 per cent at the end of last year.The analysis was based on 782 online interviews with adults 18 years or older throughout New Zealand during the second quarter of this year. Jonathan Beale, general manager of wealth at the50
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