A change to Auckland high school zones is expected to drive house prices up even further, a real estate organisation says. Real Estate Institute of New Zealand chief executive Bindi Norwell said it was understandable schools may need to stop out-of-zone applications as the region's population continued to grow.
Statement by Reserve Bank Governor Adrian Orr: Tena koutou, katoa, welcome all. The Official Cash Rate (OCR) will remain at 1.75 percent for some time to come. The direction of our next move is equally balanced, up or down. Only time and events will tell.
This paper, courtesy of https://www.rbnz.govt.nz, contributes to the international policy debate on the effect of macroprudential policy on housing-market dynamics. We use detailed New Zealand housing market data to evaluate the effect of loan-to-value ratio (LVR) restrictions on house prices.
The "conventional wisdom" that low income earners don't stand to benefit from building more housing has been tackled head-on in a new report. The Grattan Institute, a public policy think tank, has railed against a view it believes is shared by many affordable housing advocates about who stands to gain by boosting the supply of market-rent housing.
Wellington is bearing the brunt of fierce demand for rentals, and there is no relief on the horizon.
Some turn up to flat viewings in suits, others arrive with professionally designed rental CVs, all in the hope of standing out from the crowds that gather for flat viewings.
The great Australian backyard appears to be a "romantic" dream that's fading as more people eschew a lawnmower and move into apartments.
The number of new homes consented in New Zealand hit a 13-year high in November 2017, boosted by apartments in Auckland.
Frankton man Brian Burne has been fending off developers with million-dollar pitches for his property.