Demand for new houses drives up consents
Consents to build new dwellings continue to recover from their trough in March last year but issuance is still running at only about three-quarters of the levels prevailing during the housing boom.
Recent Articles
15
Jan
11
Jan
House prices end year only 4.9pc off late-2007 peak
Nationwide house values ended 2009 just 4.9 per cent below the late-2007 peak, having been as much as 9.6 per cent below the peak last April, QV's residential index for December shows.
08
Jan
Houses more affordable - but it may not last
More affordable homes are driving enthusiasm in property sales, but experts warn the relatively cheaper housing may not last. In a Herald-Nielsen survey of 2300 people, 66 per cent of respondents felt this summer would be a good time to buy or sell a house.
05
Jan
Big range of calls on house market
Stable, depressed and rising - that's the spread of predictions for the housing market in 2010. The fortunes of the sector, estimated to be worth $500 billion, are of more interest to New Zealanders than any other business because we have so much of our wealth in housing.
23
Dec
Rodney’s Ravings: House price vs consumer spending prospects
The RBNZ and most economic forecasters are predicting a weak recovery in consumer spending growth in 2010. The RBNZ’s view is based in part on the expectation that people will be wary of funding consumer spending from wealth increases associated with rising house prices and that banks will be less willing to facilitate people extracting equity from their homes.
