Squeezed out of Auckland’s housing market

The report tracks how long it would take typical first home buyers in each region to save a 20% deposit on the REINZ’s lower quartile selling price in their region. The income calculations assume both partners work full time and earn the median weekly wage for...

Wellington housing market now rising faster than Auckland

The Auckland market has increased 15.0% year on year and 5.8% over the past three months. Values there are now 88.7% higher than the previous peak of 2007. When adjusted for inflation values rose 14.5% over the past year and are 60.2% above the 2007 peak. The average...

Kelvin Davis questions Māori housing plan

“The Māori Party pitched the Kainga Whenua scheme as a home-ownership saving’s plan but the Minister of Maori Development has fallen short of his promise and must explain exactly how many Māori lives have actually improved under his watch. “Te Ururoa Flavell must...

The Property Institute wants LVR exemption for first home buyers

New figures from Statistics New Zealand have revealed that 78 per cent of those currently renting – or 458,000 households – have a net worth of $120,000 or less which means they cannot afford the 20 per cent deposit on the average New Zealand home required...