Northland stories
Record prices and a 14-year sales high show New Zealand's housing market is still racing ahead despite tighter lending rules and tax changes.
Sales surged 14.6% year on year in February as buyers rushed to secure homes before loan-to-value restrictions returned in March.
Men own 31,000 more homes than women in New Zealand, underscoring how the gender pay gap is limiting access to property.
New Zealand’s housing market remained brisk in January despite a modest month-on-month price fall, with sales and auctions both at multi-year highs.
Additional public and transitional homes will be targeted at regional centres where demand has surged ahead of supply, worsening rents and overcrowding.
A shortage of homes for sale is fuelling record house prices and leaving buyers with fewer options, despite the busiest November in 13 years.
Listings fell to record lows as buyers pushed Auckland’s median house price to GBP £1 million and nationwide sales hit a 14-year October high.
The University of Auckland’s Waiparuru Hall beat a record field to win the GIB Supreme Award, despite tight logistics and a fixed opening date.
Record house prices and strong sales are fuelling doubts over Treasury’s forecast of a 5% fall by June next year.
Transport industry groups say decades of stop-start planning could end if National’s $31 billion road and rail programme goes ahead.
A worker’s life was changed after a boiler flare-up at a meat plant left him with burns to 75% of his body, WorkSafe says.
House prices and sales have climbed to four-year highs in New Zealand, despite earlier fears of a post-COVID downturn.
A worker was injured and the firm fined after unsafe height access equipment failed during shed construction in Kerikeri.
Property sales jumped in May as lockdown eased, but volumes remained 46.6% below a year earlier and days to sell hit record highs.
New Zealand house prices climbed to a record high in April even as lockdown froze the market and sales volumes plunged 78.5%.
Statistics NZ said smaller standalone houses and more multi-unit builds have pushed the average floor area of new homes down 21% in a decade.
Tight stock and low borrowing costs helped drive New Zealand home sales to their busiest January in four years, REINZ said.
Lifestyle property sales picked up over summer, with the national median price reaching NZD $725,000 and demand still firm across several regions.
Tight supply and stronger demand lifted New Zealand house sales 12.3% in December, with prices rising in 15 of 16 regions.
Rising visitor numbers are putting New Zealand’s lakes, tracks and towns under strain, with a watchdog warning current policy will not curb damage.
