After 14 years, 3 more years’ income needed to buy same house in Auckland

Auckland’s year-end stalling of median house price rises (up only 0.7% over 12 months), combined with a 14.2% increase in median household income, returned the region to an unaffordability rating in single digits in Demographia’s latest annual international survey.

Continue Reading

Collins raises scare about “road tax” diversion, but government fund already $½ billion in red

Former Cabinet Minister Judith Collins, now the National Opposition’s transport spokesperson, raised a scare this week that the new government would divert National Land Transport Fund money from major road projects to rail. 2 things she neglected to mention…

Continue Reading
The Government’s Northcote development project.

Focus on Northcote in push for affordable home development

Government-owned company HLC (2017) Ltd – the former Hobsonville Land Co Ltd – is pushing hard to increase interest in 5 development superlots at Northcote, in keeping with the new government’s desire to get 100,000 “affordable” homes built over the next 10 years, half in Auckland.

Continue Reading
qv nat growth2017

QV says rise in average Auckland home value just $4583 for year

The average residential property value rose by 6.6% ($41,660) nationally last year, according to Quotable Value Ltd’s index. In Auckland, the rise was just $4583 (0.4%) for the year. In a few places the movement over the year was downward, including a 0.1% fall in Christchurch. QV recaps QV national spokesperson Andrea Rush said the general […]

Continue Reading

On the move, December 2017

Surveyors elect first female president – Royal takes over chair, Blair deputy at Ngati Whatua Orakei – Context Architects promotes 5 to associate – Laery off travelling after 4 years heading NAI Harcourts Australasia – Shortt the new ASB Bank chief – Orr moves from Super Fund to Reserve Bank in March – Duke opens […]

Continue Reading

Suburban cross-leases & apartment sell, central apartment buyers already on holiday

3 suburban cross-leases & an eastern bays apartment were sold at Barfoot & Thompson auctions this week. One central city apartment attracted a bid, 2 others didn’t, and the auction of a fourth was postponed until January.

Continue Reading
WordPress Appliance - Powered by TurnKey Linux