The Labour-led government risks electoral defeat in 2020 unless it makes demonstrable progress on affordable housing this year, says the outspoken author of an annual survey of global housing affordability. Hugh Pavletich, the Christchurch-based co-author of the...
The 15th annual Demographia International Housing Affordability Study compared house prices to incomes in New Zealand, Australia, Canada, Hong Kong, Ireland, Japan, Singapore, the United Kingdom and the United States and found Tauranga had again out-stripped Auckland...
A new study reveals none of the country's main property markets are considered affordable anymore. The annual Demographia International Housing Affordability report released today shows New Zealand continues to be one of the most unaffordable countries in the world to...
Women, senior citizens and Māori are amongst the groups more likely to receive accommodation supplement, and the majority of recipients are on some form of benefit. Auckland Action Against Poverty is calling for a freeze on rent increases, and for the Government to...
“Auckland is a basket case when it comes to housing affordability,” says Sayers. “It’s of the highest moral imperative for Council to fix.” Auckland must dump the ideology of a compact city and spread out and up to make housing affordable, while simultaneously...
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The full set of QV House Price Index statistics for all New Zealand for June can be downloaded by clicking this link: QV House Price Index (HPI) for June 2016. QV National Spokesperson Andrea Rush said, “Nationwide values are now rising at the fastest rate since 2004,...
Key findings: The proportion of all people in households living in an owner-occupied dwelling fell from 75.2 percent to 63.7 percent between 1986 and 2013, a decline of 15.3 percent. Conversely, the proportion of the population living in dwellings that were not owned...
However, nationwide values have risen 12.6% over the past year and 0.7% over the past three months. They are now 34.2% above the previous market peak of late 2007. The average value nationwide is now $556,206. When adjusted for inflation the nationwide annual increase...
New Zealand house prices have risen significantly over the past five decades. In real terms, house prices have more than tripled, with a strong upward trend since 1994. Nonetheless, there have been several instances where real house prices have fallen. There have been...
The annual rate of new home construction doubled from 13,500 in 2012 to 27,000 in 2015. The annual rate of new house construction in Auckland of 9251 in 2015 is up 21 per cent on 2014, and has been growing at over 20 per cent every year since the Housing Accord was...