New Zealand house values eased in the past three months as lower value, more affordable properties sold at a faster rate, due to continued demand from first home buyers, according to Quotable Value.
New Zealand house values eased in the past three months as lower value, more affordable properties sold at a faster rate, due to continued demand from first home buyers, according to Quotable Value. Rebecca Howard reports
New Zealand house value growth slowed in May as expectations of capital gains weaken and activity dropped heading into winter, according to state-owned valuer Quotable Value.
In today's email for Newsroom Pro subscribers, we look at how the Recognised Seasonal Employer scheme could be expanded to include construction and tourism. We also include a fresh estimate that Auckland's housing shortage is headed over 50,000 and the latest on Auckland house prices from QV and Barfoot and Thompson, along with the usual quotes and numbers of the day and a couple of fun things.
Bill English is taking plenty of flak over his comments on Monday that he was hearing from employers two or three times a week about how drug use was a reason why they could not employ local unemployed people and were having to import workers.
It's still early days, but the new 40% deposit rule for landlords nationwide that formally kicked in from Saturday (but has been in effect since late July) does seem to be having a dampening effect on the housing market, particularly in Auckland.
The symbolism of it could not be any clearer.
The Auckland 'Halo Effect' burned brightly in the latest set of housing figures to shine a spotlight on the central challenge for the Government and the Reserve Bank.
Auckland housing and infrastructure will take centre stage later this morning when Nick Smith releases the Government's well-trumpeted National Policy Statement (NPS) on Urban Development Capacity in Wellington and John Key will turn the first sod on the City Rail Link with Len Brown in Auckland.
Good morning all.