Housing News
Programme opens doors to Māori home ownership
Hundreds of people have signed up for a programme that aims to help Māori families into home ownership. The course, run through Te Rūnanga o Ngāi Tahu, the tribal council of the South Island ‘Ngāi Tahu’ iwi (people), offers financial literacy, education on home loans and tailored advice. Māori home ownership is disproportionally low, and […]
Big capital gains in small towns.
Housing investors may assume the most significant opportunities are found in big cities, but that isn’t the case. Over the past ten years, the largest capital gains have occurred in small-town New Zealand. Realestate.co.nz has released new data showing the change in asking prices for areas around New Zealand since 2012. Kawerau led the table, […]
Approval for major development in Hamilton’s south
A major state housing development that aims to create a village-like community in Hamilton’s south has been granted resource consent. The 47-home project will be built on a 26,000㎡ block of land leased from Waikato-Tainui. The Collins Rd project in Melville was unveiled in April, 2021 and is the latest in a series of major […]
Government considers rent controls to tackle unaffordable housing
Nothing is off the table, including rent controls, as Government officials search for ways to help people struggling with the cost of accommodation, Associate Housing Minister Poto Williams says. With some of the measures being proposed a balance needed to be struck to ensure inequities weren’t created in other places. “Proposals around rent controls and […]
Ordinary New Zealanders bearing brunt of bright-line test – National
The National Party says ordinary New Zealanders are bearing the brunt of the government’s extension to the bright-line test. In a bid to cool the housing market, the government doubled the length of time investors have to hold on to additional property to avoid paying tax when they sell. National’s revenue spokesperson Andrew Bayly says […]
Timeline of a housing crisis: Numbers behind NZ’s price surge
The primary mega-trend driving the housing market over the years has been the long decline in inflationary pressures, which has allowed interest rates to drop significantly, increasing the incentive to borrow but also reducing the incentive to save. Amplifying this was the GFC in 2008 and subsequent rate cuts and programmes of quantitative easing overseas. […]
Relocating Aucklanders ‘pushing up rents around NZ’
With Auckland’s house prices continuing to climb Aucklanders are deciding to move to the regions for more affordable living. Auckland recorded its first ever population decrease in the year to June. Southland and the West Coast were the only other areas that reported a decline. All other regions have experianced steady population growth which in […]
Rents drop across New Zealand for first time in eight months
New Zealand’s national median weekly rent dropped $15 a week month-on-month to $535, Trade Me said in its latest Rental Price Index report. The drop comes after a record-breaking high of $550 a week set in July and August. Rents in New Zealand’s biggest rental market and the city hit hardest by the latest COVID-19 […]
Housing crisis receives bipartisan approach
Both Labour and National have agreed to work together to solve housing supply problems. Today Housing Minister Megan Woods and Environment Minister David Parker together with the Leader of the Opposition, Judith Collins announced the Housing Supply Bill which they say will allow as many as 105,500 new homes to be built in under 10 […]
Information for landlords and tenants
On this page: Alert Level 4 Information for landlords and tenants Alert Level 3 information for landlords and tenants Alert Level 2 information for landlords and tenants Alert Level 1 information for landlords and tenants I/my tenants are having trouble paying rent, what are my options? I can’t move due to COVID-19 restrictions, do I […]