Jessica*, who is a nurse, and her builder partner bought a piece of land in Auckland at the end of 2016 for $220,000 with the dream of either putting a transportable house or kit-set type home on to it. But two banks and two mortgage brokers later she has virtually...
“The government could lower unit construction costs in many ways, as it is well aware,” former Business Roundtable economist Bryce Wilkinson says in a new research note today. It could ease up on red tape, improve the supply of urban land by removing...
This week a report found New Zealand is one of the most unaffordable countries in the world to buy a house, with the average price more than six times the median household income. More than six months into KiwiBuild, only 33 homes have been built – well short of...
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...
Mystery already surrounded Barclay’s nearly three month absence from his position as inaugural head of the government’s flagship KiwiBuild programme, before the one-time head of the San Francisco America’s Cup village tendered his resignation earlier...
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...