Housing

NZ 'on way to major housing crisis'

NZ 'on way to major housing crisis' On a visit to Dunedin yesterday, Labour leader Andrew Little said New Zealand was on its way to a major housing crisis.

Outrage over Queenstown house sale

Outrage over Queenstown house sale

A Queenstown social agency manager is outraged a Government house has been sold while there is a housing crisis in the resort.

Buyers from out of town keen

Buyers from out of town keen

Tenants in the Dunedin boarding house Alva House, which is listed for sale, could be set for a change, a broker says.

Housing asking prices at record levels as pressure continues

House sellers nationwide are asking more than ever for their properties. Aucklanders want a record $732,240 and Central Otago Lakes is in second place, up 10.5% at almost $670,000.

Trial shows value in rental housing Wof

Trial shows value in rental housing Wof

None of Dunedin's houses will pass a rental warrant of fitness if the standards used during a recent trial of scheme are applied.

House prices picked to keep rising

House prices picked to keep rising

House prices are being picked to continue to rise for the year and flagging sales numbers get a boost, before hitting a ''pervasive slowdown'' in 2015, according to Westpac economist Dominick Stephens.

Home thoughts - an election issue

Home thoughts - an election issue

Housing has emerged as the largest issue to date in the election, which is still five months away. Housing Minister Nick Smith was in Christchurch this week with further announcements for the earthquake-damaged city. Business editor Dene Mackenzie reviews the announcements so far.

Harder to buy and sell older lower-range homes

Harder to buy and sell older lower-range homes

The Reserve Bank's loan to value ratio (LVR) restrictions on banks' lending has seen a large decline in the lower end bracket of Dunedin house sales, and an increased workload to sell them.

Labour policy may breach FTA

Labour policy may breach FTA

Labour's policy of restricting non-residents from buying property would have serious legal, economic and political ramifications because of New Zealand's free-trade agreement with China, lawyer Stephen Franks said yesterday.

Housing inventory hits six-year low

Housing inventory hits six-year low

A record six-year low in the number of houses on the market continues to underpin higher prices and highlights the Reserve Bank's concerns of increased risks to financial stability.

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