The new authority will be responsible for leading the Government’s large-scale urban development projects and for being a world class state housing landlord. It will bring together three existing agencies that build homes – Housing New Zealand, its subsidiary HLC, and...
• Housing and Urban Development Minister Phil Twyford says the new Housing and Urban Development Authority (HUDA) will act "in partnership" with local iwi, councils and the private sector. “We’re creating a really joined-up one-stop shop that can sit alongside the...
Ryan Hunt, Managing Director of Highmark Homes, said they identified that the prospect of making payments during the build was a major barrier for customers. “Often customers are having to pay rent at the same time as servicing debt to start construction, so with...
On Saturday 17 November 2018, the Minister of Research, Science and Innovation Megan Woods welcomed the decision by the Ministry of Business, Innovation and Employment (MBIE) to release $422.5m in a second tranche of funding for New Zealand’s 11 National Science...
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The content of this report reflects consultation with the Auckland Council, the Auckland District Health Board, welfare agencies, and central government agencies, in particular the Ministry of Business, Innovation and Employment (MBIE). The report looks at changes in...
“This quarter we have seen signs that the growth of Christchurch house prices and rents may be slowing,” said Bryan Field, MBIE’s Manager of Modelling and Sector Trends. “Whether or not the Christchurch housing market is starting to return to a more normal state will...
The latest Household Economic Survey (Income) shows average annual household income rose 9.1 percent in the two years to June 2014, from $81,227 to $88,579. In the same period, average household weekly spending on housing costs rose 11.1 percent, from $256 to $284....
The Housing Bulletin includes articles about housing affordability: o Definitions and measures o Contributing factors o Home ownership and rental trends o Housing costs and income trends o Social and economic impacts o Policy responses It also reports back from recent...
New information from the Australasian analytics company suggests Generation Y, defined as those aged under 28, have rapidly declining prospects of owning a home. It has found that younger New Zealanders are applying for fewer mortgages, and instead borrowing up a...