Latest Housing Headlines

We must stop blaming foreigners – ACT Party leader

Sun, 24 Jul 2016 22:41:35 +1200 | TVNZ

“We are a free-trading liberal democracy which is enriched by our interactions with foreigners,” says ACT Party leader David Seymour. More >>

All five leading retail banks require 40% property deposit

Thu, 21 Jul 2016 17:04:30 +1200 | BusinessDesk

July 21 (BusinessDesk) - All five of the country's leading retail banks have acted early to introduce restrictions on lending to property investors as part of the Reserve Bank's bid to slow the heated housing market.More >>

Banks bust a move, Government possum in the headlights

Thu, 21 Jul 2016 13:10:26 +1200 | New Zealand Labour Party

Three of the big four banks have acted responsibly by bringing the shutters down on property speculators earlier than required by the Reserve Bank, says Labour’s housing spokesperson Phil Twyford.More >>

ANZ boss warns on property market

Wed, 20 Jul 2016 17:13:52 +1200 | BusinessDesk

July 20 (BusinessDesk) - ANZ Bank New Zealand chief executive David Hisco, who head's up New Zealand's biggest lender, has warned property prices in Auckland are overcooked and the ending of the property boom will be "messy". More >>

New home deposit rules could turn off 22% of investors

Wed, 20 Jul 2016 16:45:34 +1200 | Horizon Research Limited

The Reserve Bank’s move to increase the deposit needed for investors to buy a home above 30% will have a significant impact on the market. More >>

LVR restrictions for investors

Wed, 20 Jul 2016 13:46:04 +1200 | Harcourts

The Reserve Bank’s decision to raise LVR restrictions to 40% for investors will not stop Auckland and Christchurch’s spiralling house prices. More >>

Updates to Building Code proposed

Wed, 20 Jul 2016 13:42:30 +1200 | New Zealand Government

The Government is proposing changes to 32 Building Code compliance documents to ensure standards keep pace with industry developments, best practice and new research, Building and Housing Minister Dr Nick Smith says.More >>

Reserve Bank restrictions hurt tenants and small investors

Wed, 20 Jul 2016 13:07:03 +1200 | NZ Property Investors' Federation

One of the Reserve Bank's tasks is to keep inflation between 1% and 3%. It appears that the purpose of the LVR tightening is to allow the Reserve Bank to lower interest rates, thereby stimulating the economy and lowering the NZ dollar.More >>

New Lending Limits a Good Call

Wed, 20 Jul 2016 13:05:52 +1200 | Manufacturers and Exporters Association

Manufacturers and exporters welcome the Reserve bank of New Zealand’s (RBNZ) proposed expansion of existing Loan to Value Ratios (LVR) today – this should give them more freedom to address continued low inflation and an exchange rate that remains ...More >>

Latest Move by the Reserve Bank of Little Effect

Wed, 20 Jul 2016 13:04:51 +1200 | New Zealand First Party

The latest moves by the Reserve Bank requiring property investors to stump up with at least a 40 per cent deposit will have little effect in reining in the rampant house property market, says New Zealand First Leader and Northland MP Rt Hon Winston ...More >>

Lyndhurst on way

Tue, 19 Jul 2016 17:13:14 +1200 | Hastings District Council

Tricky issues with the planned second stage of the Lyndhurst subdivision in Frimley have been solved, with Council coming up with a solution that halves the cost of managing storm water.More >>

Property Institute slams ‘political response’ by RBNZ

Tue, 19 Jul 2016 13:05:51 +1200 | New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, is asking the Government to consider removing the Reserve Bank’s ability to influence housing policy in light of what he describes as ‘a politically motivated response to house price ...More >>

Govt’s state house sell-off ramping up

Mon, 18 Jul 2016 10:02:55 +1200 | New Zealand Labour Party

Government plans to ramp up the state house sell-off by selling another 1000 houses in 2016/17 will mean more families in need missing out, says Leader of the Opposition Andrew Little.More >>

First Home Buyers Need to Have Patience: Bill English

Mon, 18 Jul 2016 09:44:05 +1200 | Television New Zealand

Finance Minister Bill English has said he’d “counsel patience” for those looking to buy their first home in the Auckland housing market. More >>

Rising house prices shut more first-home buyers out

Fri, 15 Jul 2016 11:39:19 +1200 | Green Party

First-home buyers in Auckland are earning only about half as much as the daily increase in house prices, and are being increasingly shut out of the market, the Green Party said today.More >>

NZ median house prices rises in June

Fri, 15 Jul 2016 11:14:28 +1200 | BusinessDesk

July 15 (BusinessDesk) - New Zealand's national house prices rose again in June, as five regions hit record highs. More >>

Try hard website lacks credibility

Fri, 15 Jul 2016 09:51:22 +1200 | New Zealand Government

A housing website launched by Labour today claiming 98 per cent of New Zealand has a housing crisis lacks credibility and shows how desperate the opposition has become to overstate New Zealand’s housing challenges, Building and Housing Minister Dr ...More >>

Public invited to have say on homelessness

Thu, 14 Jul 2016 16:06:05 +1200 | Cross-Party Homelessness Inquiry

People who are homeless, those who were once homeless, those working with the homeless and concerned New Zealanders are being asked to share their experiences and solutions to this growing issue with the Cross-Party Homelessness Inquiry.More >>

Martin Doyle cartoon: Pop-up Palace

Thu, 14 Jul 2016 15:59:11 +1200 | Martin Doyle

With 41,000 homeless and over 4000 sleeping rough, one can only conclude 1) Something needs to be done, and 2) It should have been done a long time ago. Paula Bennett's sudden decision to frantically knock something up next year in South Auckland is ...More >>

Asking prices show signs of easing

Wed, 13 Jul 2016 10:03:00 +1200 | Trade Me Property

The average asking price for a New Zealand property hit a new high of $590,850 in June but the rate of increase is easing, according to the latest Trade Me Property Price Index. More >>

 

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