Browsing: Housing

Development
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The government’s plans to boost the rate of housing development are commendable but the practicalities remain problematic, say Colliers International property experts 123rf The Labour-led coalition’s first formal Budget included an appropriation of $493 million towards the previously announced $2 billion KiwiBuild programme. Continue →
Construction
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Tender documents for the KiwiBuild ‘Buying off the Plans’ initiative – whereby the government will underwrite or purchase new homes the private sector and others are developing – have been released The government has committed $2 billion for KiwiBuild, an ambitious programme that aims to deliver 100,000 affordable, quality homes for first home buyers over the next decade, 50,000 of which will be in Auckland. Continue →
Housing
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The median house price for New Zealand rose 6.9% in February to $530,000 up from $496,000 in February 2017 according to the latest data from the Real Estate Institute of New Zealand (REINZ) The median house price for New Zealand excluding Auckland rose even higher, seeing an 8.4% increase to $450,000 from the same time last year. Continue →