Tech giant Microsoft Inc said last Wednesday it would throw $US500 million at reducing housing unaffordability around its hometown of Seattle, and mayors around the region listed ways they’d make development easier.
Auckland has again ranked among the least affordable cities internationally in Demographia’s annual international housing affordability survey, out today, but Tauranga again beats it to take the rap as least affordable of the 8 New Zealand centres on the survey.
Quotable Value Ltd’s monthly chart of house price movements, out today, shows Auckland going from a just-positive 0.4% shift over the 12 months to November, to a just-negative 0.4% shift for the December year.
Barfoot & Thompson Commercial agents based in Takapuna have sold a Newmarket Broadway building on a 6.46% yield. Isthmus east Newmarket 131-151 Broadway:Features: 2408m² site, 4734.67m² net lettable area, fully tenanted 5-level retail & office building, adjacent to Rialto, 87 parking spacesRent: $1,801,127/year net + gstOutcome: sold in November for $27.9 million at a 6.46% yieldAgents: Elaine Tutty & […]
Auckland house values remained at a standstill in the 3 months to October, while the catchup being played out around the rest of the country was strong in several centres, according to Quotable Value Ltd’s monthly update.
Barfoot & Thompson won the award for best real estate company in the world at International Property Media Ltd’s awards in London on Monday.