NZ outpacing developed world in house prices – Economist

‘ The Economist said house prices in New Zealand have climbed 13 percent in the past year, and by 21 percent in houses worth more than $1 million. It said interest in New Zealand as a bolthole for wealthy foreigners had trebled since the election of Donald Trump...

Select committee reports back on Resource Management Act Bill

“This legislation improves New Zealand’s environmental management, helps increase the supply and affordability of housing and supports jobs and growth. It contains 40 proposals that make significant changes to five different Acts and is the most comprehensive package...

Wellington’s rental situation getting worse

Wellington rent prices are now just shy of Auckland’s. Rental prices shot up 7 percent last year in Wellington to a median of $480 a week. At the same time, the number of properties available for rent plunged. Wellington’s prices are just shy of...