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Most property speculators are New Zealanders who do not even earn the cash returns they would reap from a six-month term deposit - giving the lie to the contention they are not investing in property for capital gains says the NZ Herald reporting on recent research.
Kiwi tenants can expect stiff competition for rental properties as the number of properties to choose from has dropped 50 per cent in the past year, according to the latest Trade Me Property Rental Index.
There'll be no quick fix to Whanganui's rental housing crisis despite moves by the Government to address its causes. Salvation Army national practice manager Jono Bell said affordable rentals were hard to come by in most regions.
Experts say that preconceptions about prefabrication, a construction industry who’s DNA is hard-wired to the hammer and nail, and a lack of interest from local and central government appear to be denying the country the opportunity to really tackle the housing crisis and build a lasting solution. They say technology is the answer to getting the number of houses needed.
Fifteen hectares of unused land in the low socio-economic area of Flaxmere in Hawke's Bay will be turned into New Zealand's first indigenous co-housing development called the Waingakau Village Project.
Housing Minister Phil Twyford was presented an open letter signed by thousands of New Zealanders supporting moves to improve the lives of people who rent. The delivery came on the day that the Healthy Homes Guarantee Bill was debated in Parliament.
The Housing First model has taken around 1,000 people off the street and put them into houses in Hamilton and Auckland in the last three years.
Community Housing Aotearoa say it is pleased to see the Ministry of Social Development continue to publish informative data on social housing but is concerned that the level of social housing need continues to increase.
