Articles tagged with 'housing shortage'
Operation moonshot
26 July 2023 - A new housing report shows how mission-oriented thinking could solve New Zealand’s housing crisis.
The tide is turning on house prices
8 November 2021 - House prices could drop 10%, but would only take them back to where they were in March this year, ANZ economists say.
Investor juggernaut slowly grinding down
22 October 2021 - Property buying by mortgaged investors is back down to the levels just before the loan-to-value restrictions were lifted in the second quarter last year, which sparked investor demand back into life.
New rules: 3 houses of 3 storeys – no resource consent
19 October 2021 - Environment Minister David Parker has unveiled a cutting of red tape to boost housing supply.
Average asking price rising
7 October 2021 - The national average asking price for a house gently cooled month-on-month in September by -2.85%, bowing to $865,348, the latest realestate.co.nz data shows.
New record for building consents
1 October 2021 - Building consent numbers have defied lockdowns and a new record was reached in August.
Short house price surge possible post lockdown
3 September 2021 - CoreLogic says there could be a short period of excessive house price rises after the lockdown because of tight listings.
Housing shortage pumps prices
31 August 2021 - Pressure is still being put on house prices, despite the Government introducing policies aimed at dampening the market and the country’s Covid lockdown.
‘Bonkers’ housing market off the chart
20 August 2021 - While house inflation is running at about 30% a year, it will take decades for affordability to improve, ANZ economists say.
Housing market: Still hot but cooling
13 August 2021 - There is still plenty of heat left in the housing market, although there are signs it is cooling, writes Sally Lindsay.
Stock shortages, prices boom
2 August 2021 - Winter’s chill isn’t cooling the market, writes Sally Lindsay.
Dire shortage of properties for sale
14 July 2021 - The total number of properties for sale across the country dropped by 33.3% last month. The second lowest level of inventory ever, REINZ data shows.
[Opinion] How investors could solve the housing crisis
12 July 2021 - Simon Angelo of Wealth Morning has a bold plan to fix the shortage of rental properties in NZ.
Housing supply at risk
12 July 2021 - Property investors keen on the build-to-rent market will be sorely disappointed if the Government does not carve this niche out as another asset class, says the Property Council NZ.
Market starting to cool
9 June 2021 - While the number of residential building consents issued continues to break records there are not enough houses for sale and consequently new rentals coming to the market.
Caveat on house building: Supplies and labour shortage
1 June 2021 - New Zealand’s housing market is in the rare position of being able to build enough houses within the next three to five years if the flow of immigrants remains shut off. But there is a caveat.
Get ready for housing upheaval
31 May 2021 - Mortgage-borrowing investors have been warned to make a five-year plan for high interest rates.
Top tips for riding out the tax change storm
18 May 2021 - Property accountancy company GRA has come up with a number of suggestions for landlords affected by the Government’s new tax rules.
Interest rate rises scary for property investors
28 April 2021 - The possibility of rising interest rates will scare investors even more than the recent changes to the bright-line test and removal of mortgage interest tax deductibility, says the latest ANZ Property Focus report.
Housing market's unlikely Covid boost
20 April 2021 - Low net migration to New Zealand during the pandemic has given the nation a chance to "dent" its chronic housing shortage, according to Kiwibank economists.
Sharp drop in building consents
30 March 2021 - Residential building consents dropped a whopping 18% last month, the first decline in six months after rapid gains.
Housing market on war footing
29 March 2021 - The Government is staking its political credibility on its war against soaring house prices, says BNZ chief economist Stephen Toplis.
The year for property politicking
25 March 2021 - Political pressure on the Government to “do something” about the housing market means 2021 will be remembered as the “year of property politics”, says CoreLogic senior economist Kelvin Davidson.
Housing crisis needs building surge
10 March 2021 - New Zealand’s only way out of the housing crisis is to build, build and build more homes if it is to avoid a worsening plight.
Housing crisis needs building surge
10 March 2021 - New Zealand’s only way out of the housing crisis is to build, build and build more homes if it is to avoid a worsening plight.
New build loan boost
2 March 2021 - Advisers report that it is getting easier to access construction and new build loans, amid growing pressure to increase the supply of new houses.
Advisers react to LVR changes
10 February 2021 - The Reserve Bank has imposed strict new LVR requirements on investor lending, but advisers say other measures may have been more appropriate to help first home buyers.
ANZ gets tough on investors
15 December 2020 - ANZ New Zealand has lifted its deposit requirement for residential property investors to 40%, marking a major change in the lending market.
Housing crisis a supply issue
14 December 2020 - Economists at Kiwibank say DTIs and LVR restrictions will have a "near-term" impact on housing demand, but argue supply-side changes are the key to fixing the housing crisis.
Development loans fall
10 December 2020 - Residential property development loans have fallen by 18% year-on-year, according to Reserve Bank data, with advisers calling for changes to fix the house-building crisis.
Strong market attracting investors
4 November 2020 - There has been a jump in investor demand and activity over the last month, according to the latest REINZ/Tony Alexander survey of real estate agents.
Market influencers going forward...
2 November 2020 - Value growth is accelerating and one property expert is picking that Government construction plans and the role of LVRs will dominate market discussion of the trend going forward.
Dunedin in demand
29 October 2020 - A supply and demand imbalance together with improved housing stock mean Dunedin’s values are on the rise, writes Joanna Jefferies.
What lies ahead for investors
21 October 2020 - Election 2020 is done and dusted – and a red landslide has left the Labour Party firmly in charge of the next government. But what could that mean for property investors?
Tenancy reforms, tax changes would go under National
5 October 2020 - Getting rid of the Government’s tenancy law reforms and tax changes that impact on rental property owners are a key feature of the National Party’s new housing policy.
Labour plans to regulate property managers
2 October 2020 - Property managers will be regulated and subject to a Code of Conduct to ensure they meet professional standards if the Labour Party returns to power after the election.
Low listings boosting prices
1 October 2020 - Auckland’s average asking price passed $1 million for the first time while other regions turned in record highs. The ongoing shortage of listings is a major factor in that.
Healthy Homes standards: to back or to scrap?
28 September 2020 - Landlords are divided over Barfoot & Thompson’s recent call to the National Party to hold fire on their plans to overturn the Healthy Homes standards if elected.
Covid be damned – the market is booming
11 September 2020 - Those who were anticipating a Covid-prompted housing market collapse got it wrong with the latest REINZ data revealing strong growth in prices and sales.
Super City powers through lockdown 2.0
2 September 2020 - Lockdown 2.0? What lockdown? Auckland’s residential property market sailed through the level three restrictions, according to the city’s largest real estate agency.
Record housing stock lows round NZ
1 September 2020 - The amount of available housing stock for sale nationwide plummeted to record lows in August – and that’s helping keep prices bubbling up.
Steady Southern star
31 August 2020 - Covid-19 and the closure of Tiwai Point might pose some challenges for Invercargill but the southern city’s market still has a lot to offer investors, writes Miriam Bell
Covid-19 return could derail market boom
14 August 2020 - The housing market was booming in July with price and sales up nationwide, new REINZ data shows, but the return of Covid-19 raises questions of how the market will fare going forward.
Greens propose more landlord regulations
10 August 2020 - Rental Warrants of Fitness. Licensing for landlords and property managers. They are ideas long held dear by the Green Party and, sure enough, they both feature in the Green’s new housing policy.
Prices not impacted by new listings surge
3 August 2020 - There was an influx of new listings on to the housing market in July but it is making little impact on the shortage of housing stock around New Zealand.
Covid-19 fog hangs over consents increase
30 July 2020 - New dwelling consents were up by 20% year-on-year in June. That’s a big increase but it doesn’t allay the concerns of economists going forward.
COMMENT: It’s not all doom & gloom
30 July 2020 - Uncertainty still casts its shadow over the property market but there are factors that could see a brighter outlook than some expect, writes CoreLogic's Kelvin Davidson.*.
New urban planning rules for Councils
24 July 2020 - Restrictive planning regulations have long been cited as a major contributor to New Zealand’s housing shortage – but new rules mean Councils will have to loosen up their rules in a bid to boost supply.
Advisers buoyed by strong property market
6 July 2020 - The New Zealand property market has emerged strongly out of lockdown, according to mortgage advisers, who say they are busy as ever this winter.
Advisers buoyed by strong property market
6 July 2020 - The New Zealand property market has emerged strongly out of lockdown, according to mortgage advisers, who say they are busy as ever this winter.
Investors hunt for bargains
10 June 2020 - One in four real estate agents have reported an increase in investor buying activity, according to a new survey from the Real Estate Institute of New Zealand and economist Tony Alexander.
Holiday hotspots: what lies ahead?
29 May 2020 - Tourism has been one of the industries hardest-hit by the Covid-19 crisis, so Miriam Bell looks into what that means for the regional property markets that are reliant on it.
COMMENT: Housing supply increase is being hampered
22 May 2020 - The much-needed increase in housing supply is being hindered by new legislation relating to rental properties, warns NZ Property Investors Federation executive officer Sharon Cullwick.
Budget 2020: Social housing boost
14 May 2020 - Rebuilding New Zealand post-Covid-19 was, as promised, the focus of Budget 2020 - and it turns out that includes the roll-out of a big social housing building programme.
Market strong before turbulence to come
15 April 2020 - Strong price growth and solid demand characterised the pre-lockdown housing market, new REINZ data shows – but the time period covered was the calm before the storm.
Uncertainty set to plague 2020’s market
1 April 2020 - New data from both QV and Realestate.co.nz shows the housing market was performing strongly prior to the Covid-19 lockdown – but there’s no escaping the question of what it will do now.
What lies ahead for the housing market
31 March 2020 - As New Zealand begins to settle into the “new normal” of the Covid-19 lockdown, commentators have started releasing their (tentative) outlooks for the housing market. Here’s a summary of some of them...
What coronavirus means for property investors
16 March 2020 - Welcome to Fortress New Zealand. The coronavirus crisis means that strict travel bans are now in force and a recession is expected. So what does that mean for property investors going forward?
SuperCity sales soar up
4 March 2020 - Auckland sales activity soared back to life in February with Barfoot & Thompson recording its highest number of sales in five years.
Removal of no-cause notice opposed by 45% of tenants
2 March 2020 - It’s not just landlords who are opposed to the removal of the no-cause 90-day notice: a new REINZ survey reveals that close to half of tenants are too.
Drop the quarter-acre dream to address supply shortage
2 March 2020 - There’s been no change to the shortage of houses for sale nationwide and that’s keeping asking prices high in markets around New Zealand, the latest Realestate.co.nz data shows.
COMMENT: Act against radical tenancy changes
2 March 2020 - New Zealand’s 290,000 rental property owners should resist radical changes to the Residential Tenancies Act both by submission and by their vote in this year’s election, argues Tenancies War spokesman Mike Butler.
RTA reforms pile pressure on landlords
24 February 2020 - Less rental properties and higher rents could result from the reforms contained in the Residential Tenancies Amendment Bill, both Opposition MPs and government officials are warning.
Full steam ahead for tenancy reforms
21 February 2020 - Landlords won’t have long to have their say on the government’s tenancy law reform proposals after Parliament voted that the Select Committee dealing with the legislation should report back by 22 June.
Tenancy reform bill hits Parliament
17 February 2020 - Controversial tenancy law reforms, in the form of the Residential Tenancies Amendment Bill, were introduced into Parliament on Monday and property industry players are not happy about it.
Government brokers to match landlords with tenants
14 February 2020 - A newly established housing broker service will be reaching out to private landlords to get them on board to support the government’s $300 million homelessness action plan.
Steady demand makes for rising values
5 February 2020 - The property market recovery just keeps stepping up the pace, with QV’s latest data revealing that all sixteen of the major cities they monitor saw quarterly value growth in January.
Don't use KiwiSaver for investment property - yet
4 February 2020 - The Interim Retirement Commissioner’s proposal to allow KiwiSaver first-home withdrawals to be used for investment properties came tantalisingly close but didn’t quite make it to the recommendation phase.
Could a shift in the listings shortage be coming?
3 February 2020 - More properties are coming on to the housing market but there’s still a nationwide shortage with the number of homes for sale down by over 20% year-on-year.
SuperCity rents moving up - slowly
31 January 2020 - Auckland rents may be high but they’re not going up at the rate often suggested, with new data showing rental prices rose more slowly in 2019 than in previous years.
Upping the ante on price growth
22 January 2020 - ANZ economists have become the latest commentators to revise up their house price inflation predictions and are now picking 8% growth by mid-2020.
Call for apartment law reform petition support
17 January 2020 - The campaign to reform apartment law is heating up once again with National MPs urging property owners to sign a petition calling for changes to the law.
Highest sales in December for three years
16 January 2020 - New Zealand’s property market ended the decade on a high with new REINZ data putting sales at their highest volume in years and median prices up around the country.
COMMENT: What lies ahead in 2020?
3 January 2020 - It’s that time of year when we are all contemplating what the year ahead has in store… So here’s GRA managing director Matthew Gilligan’s property market predictions for 2020.
Hot demand in Hawke’s Bay
31 December 2019 - A severe housing shortage in Napier and Hastings means house values and rents are on the rise, writes Joanna Jefferies.
Strong market upturn picked for 2020
18 December 2019 - Expect price growth to hit 7% by April 2020 as the housing market continues its emphatic upturn, Westpac’s chief economist says.
New infrastructure funding tool announced
16 December 2019 - Funding for infrastructure in new developments has long been a bottleneck in the drive to boosting housing supply so the Government is introducing a new tool to address the problem.
Record prices see upturn gathering pace
13 December 2019 - New Zealand’s housing market resurgence continues to gain momentum with the latest REINZ data showing record prices around the country.
Supply remains tight nationwide
2 December 2019 - Many regional markets hit record high asking prices in November but that’s not deterring property-seeking Aucklanders, Realestate.co.nz’s latest data shows.
Key reform will only protect bad tenants
18 November 2019 - Getting rid of “no cause” termination notices only serves to protect bad tenants and will have a negative impact on the broader community, not just landlords, according to landlord advocates.
Changes to RTA announced
17 November 2019 - The Government announced its long awaited tenancy law reforms on Sunday and they mean that landlords will no longer be able to get rid of tenants without reason.
Record low rates fuel market resurgence
6 November 2019 - A widespread resurgence in value growth of late means that all eyes are now on the Reserve Bank’s next OCR call which could give the market another push.
COMMENT: The truth about tenancy terminations
5 November 2019 - The Government wants to get rid of “no-cause” tenancy terminations. Auckland Property Investors Association vice president Peter Lewis explains why that is a bad idea.
Tight supply, rising prices
1 November 2019 - A significant year-on-year drop in the total number of houses on the market nationwide could start to drive up asking prices going forward, new Realestate.co.nz data suggests.
Strong growth in multi-unit dwelling consents
31 October 2019 - The number of dwelling consents being issued just keeps going up, with September seeing the highest number in any 12-month period since the year to October 1974.
COMMENT: Sign of changing times
17 October 2019 - Fletcher Building opened a flash, new, high tech, prefabricated house building factory yesterday. Great things are expected of it, but Miriam Bell ponders what it means for your average investor.
Return to market form
15 October 2019 - There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
Allow KiwiSaver withdrawals for investment properties
15 October 2019 - KiwiSaver rules should be relaxed so that first home withdrawals can include investment properties, the Interim Retirement Commissioner is proposing.
Prefab changes don’t address finance issue
14 October 2019 - Reforms to the Building Act will make it easier to carry out a prefab build - but it will be large scale projects that benefit rather than smaller-scale investor projects.
Signs of life in market
2 October 2019 - They might be tentative but there are signs the property market is strengthening with new QV data showing that most main urban areas have seen a lift in values.
Consents up again in August
30 September 2019 - Ongoing growth in the number of new dwellings being consented demonstrates an increasing focus on densification particularly in Auckland.
Bad behaviour behind most 90-day notices
27 September 2019 - Getting rid of “no cause” terminations won’t benefit good tenants but it will help bad tenants - as most 90-day notices are due to poor tenant behaviour, landlords are warning.
No stopping Capital price rises
23 September 2019 - There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
New Government housing agency established
20 September 2019 - It’s official: the Government’s new urban development and housing authority, Kāinga Ora, has been given the go-ahead after the necessary legislation passed its third reading in Parliament this week.
Sales fall highlights sluggish market
13 September 2019 - The Reserve Bank’s dramatic OCR cut in August was meant to prompt a pick-up in the housing market but new REINZ data shows sales have slumped again.
COMMENT: How much is too much
5 September 2019 - New regulations around rental properties mean that being a landlord is becoming increasingly unattractive. Auckland Property Investors Association vice president Peter Lewis asks how much is too much…
Rent-to-buy scheme key to KiwiBuild II
4 September 2019 - It’s still KiwiBuild but not as we know it after the Government announced that it was scrapping the 100,000 homes target and introducing new home ownership initiatives.
New policy to address “failing” cities
21 August 2019 - Restrictive planning laws mean New Zealand cities are “failing” so the Government has announced a new urban development initiative to tackle the problem.
Stronger market on the cards
13 August 2019 - Those predicting a property market crash might have to reconsider as the latest REINZ data reveals signs of an improving market nationwide, including an increase in sales activity.
Greens renew call for tougher tenancy laws
4 August 2019 - Getting rid of no cause rental terminations and the introduction of a Warrant of Fitness for rentals are critical parts of the Green Party’s renewed focus on housing announced at their Annual Conference over the weekend.
Auckland consents hit all time high
30 July 2019 - The Super City has seen the number of new dwelling consents being issued surge to a record high - but economists believe house building activity is nearing its peak.
COMMENT: The coming rental housing crisis
30 July 2019 - Failure of government to reverse policies will result in a calamitous fall in houses to rent and escalating rents in a crisis unseen since the 1930’s, writes veteran property investor Jonathan Bidmead.
Rental stock can’t match demand
29 July 2019 - Pressure continues to build in the rental market as Trade Me Property’s latest rental data shows soaring demand and a decline in available stock.
The costs of rental policy changes
24 July 2019 - The deluge of policy changes to the regulations governing rental property are a key headwind for the housing market, according to ANZ economists.
It’s all about supply
19 July 2019 - New Zealand’s housing shortage is getting worse, not better, and that’s why huge price falls are unlikely going forward, according to Kiwibank economists.
COMMENT: The Sound of One Hand Clapping
2 July 2019 - Two of our Lords and Masters have recently been laid low yet landlords are still treated as the problem rather than part of the solution, argues Auckland Property Investors Association vice president Peter Lewis…
Housing team takes over from Twyford
27 June 2019 - Housing is fraught, complex and – as the Cabinet reshuffle reveals – a portfolio that is no longer considered suitable for a single minister.
Foreign buyer ban impacts Queenstown Lakes
27 June 2019 - The foreign buyer ban impact was felt the most in Queenstown Lakes, but despite slowing growth, the market has attractive features for buyers, writes Joanna Jefferies.
COMMENT: Ditching Accommodation Supplement not the answer
12 June 2019 - Tenant advocates have long claimed the Accommodation Supplement benefits landlords over tenants but those demanding it be scrapped are ignoring some relevant facts, says NZ Property Investors Federation executive officer Andrew King.
Auckland exodus benefits regions
5 June 2019 - It’s true: regional housing markets are seeing the impact of the Super City’s expensive housing as it has prompted an exodus of Aucklanders to other parts of New Zealand.
What’s up with home building?
30 May 2019 - More new dwellings desperately need to be built but recent construction data and outlook releases leave us asking what is going on in the residential building sector.
Riding out the cycle
29 May 2019 - Fasten your seatbelts – the market is heading to the bottom of the cycle, but one property expert says that serious investors shouldn’t panic if prices fall.
COMMENT: Why the new standards are not the answer
23 May 2019 - The final version of the Government’s new Healthy Homes minimum standards came out last week. Stop the War on Tenancies spokesman Mike Butler tells us what he thinks about them…
Standards set to cost
17 May 2019 - Nearly 60% of Auckland property investors believe they will have to spend money to be compliant with the new Healthy Homes minimum standards, according to new Crockers research.
COMMENT: Punishing landlords won’t solve crisis
6 May 2019 - The capital gains tax debate is over, but landlords are still being scapegoated as the focus turns to Healthy Homes, argues Auckland Property Investors Association vice president Peter Lewis…
Gateway to returns
2 May 2019 - Upper Hutt has long been overlooked as an investment option but its affordable prices, strong yields and tight rental market mean it is now attracting attention, reports Miriam Bell.
Downward migration trend halts
12 April 2019 - New Zealand’s declining migration trend appears to have been arrested – and even reversed - but economists are urging caution on that reading of Stats NZ figures.
Sales plunge by nearly 10%
13 March 2019 - Residential property sales nationwide took a big tumble in February – but capital gains tax related uncertainty could be to blame.
Warning: don’t overlook consents for property work
7 March 2019 - Undertaking major work on properties without consents in place has come back to bite two Auckland property owners after Auckland Council took them to court for it.
COMMENT: Property reno - where are the tradies?
5 March 2019 - What seemed like a straight-forward renovation job on a rental property left Auckland Property Investors Association vice president Peter Lewis wondering where all the tradies have gone when we need them so much…
Consents at 44 year high
1 March 2019 - New dwelling consents are now at the highest level since 1975 but economists say that it’s likely they have reached their peak.
NZ market more secure than Australia’s
1 March 2019 - Stability reigns in New Zealand’s property market which leaves it in a much better place than Australia’s, new data from Realestate.co.nz shows.
Auckland prices at 35 month low
14 February 2019 - The City of Sails’ median price has fallen to its lowest point in over three years although there are still pockets of price growth around the region.
Song of subdued values remains the same
13 February 2019 - New data from QV leaves little doubt that property value growth is slowing around the country, but that doesn’t mean a major decline is coming.
COMMENT: Ring-fencing rules could mean 116,000 less rentals
12 February 2019 - Ring-fencing of rental losses on rental properties could end up resulting in 116,000 fewer rentals, Stop the War on Tenancies spokesman Mike Butler cautions.
Consents reach peak level
4 February 2019 - New dwelling consents have hit a 14 year high and one economist believes they are now at the level required to keep pace with population growth.
Harbourside metropolis
4 February 2019 - Strong economic and population growth and a tight rental market mean Tauranga remains an appealing option for investors, writes Miriam Bell.
Regional prices hit record highs
1 February 2019 - A lack of housing stock on the market is the driving force behind a slew of record high asking prices in markets around the country.
Migration lower than previous estimates
25 January 2019 - A new migration measuring system means that annual net migration over recent years has been lower than previously thought.
Wellington rents highest in NZ
23 January 2019 - There’s been a changing of the guard in the rent stakes with Wellington overtaking Auckland as the city with the highest rents in the country.
Slow Auckland rent growth unlikely to go on
22 January 2019 - Auckland is seeing the slowest rate of rent increases in years, the city’s biggest property manager has revealed – but don’t expect it to continue.
Auckland sales at 10 year low
17 January 2019 - Sales volumes around the country slumped to long time lows in December in the latest REINZ data, providing more evidence of how the market has changed.
Time of change: 2019 forecast
15 January 2019 - New Zealand’s property market might be in a better place than Australia’s but investors still need to brace themselves for major change in 2019.
COMMENT: How to fix the housing crisis
10 January 2019 - Dealing with the housing “crisis” doesn’t need rocket science, just a clearly articulated set of steps and fast action, argues property commentator Ashley Church.
Time for a sea change
7 January 2019 - Nelson-Tasman is famed for its lifestyle attractions but its solid price growth and tight rental market make it a good option for investors too, writes Miriam Bell.
2018 – a year of uncertainty
31 December 2018 - If last year was a year of disruption, this year was one in which the movement towards change took off – and many investors were left floundering and uncertain.
Static Auckland rents suggest underlying problem
13 December 2018 - Overcrowding could be the real reason that Auckland rents haven’t budged for months while Wellington rents have rocketed up to match those in the SuperCity.
Infrastructure “tax” for buyers in new development
13 November 2018 - Additional infrastructure rates will be paid by people who buy properties in a newly announced housing development in Wainui, north of Auckland.
Defiant Wellington values keep rising
7 November 2018 - The Capital City’s property values have been on the rise again in recent months – even though they have already increased by 45% in the last three years.
Changing consent landscape
31 October 2018 - Record levels of new dwelling consents are still being issued but commentators say trends within the consents data reveal the changing face of residential building in New Zealand.
