Property

Housing development for Defence Force opens

A new housing development to house 49 families of the New Zealand Defence Force opened yesterday in West Auckland. Mayor Phil Goff officially opened the homes at Whenuapai. Last year the Defence Force became a victim of Auckland's housing crisis...... Read More

Wellington council seeks rent subsidies for housing tenants

The Wellington City Council is calling on the government to urgently reinstate rent subsidies for people living in the city's social housing. Councillor Brian Dawson, who holds the housing portfolio, moved an amendment during a meeting this morning...... Read More

Overseas house buyer problem ’was never real’

Many developers are still opposed to a ban on the sale of existing homes to foreigners despite a slackening of the proposed new rules. The government has agreed to loosen its ban, after heeding warnings that apartment blocks wouldn't be built without...... Read More

Soaring premiums could lead to under-insuring of homes

Homeowners are being warned not to run the risk of under-insuring their homes in a bid to avoid paying for rising premiums. Risk-prone parts of the country, such as Wellington, are starting to feel the effects of higher rates. Karori woman Ursula...... Read More

Government relaxes rules on foreign buyer ban

The government's overseas buyers' ban on New Zealand homes has been softened, with some multi-storey apartment buildings now being exempted. New Zealand officials and minister have also been negotiating with Singapore as the ban contravenes agreements...... Read More

Cap gains would cut house prices, increase ownership - study

House prices would fall, rents would rise but home ownership would improve if a capital gains or some other type of property tax was brought in according to a new study. Westpac Bank has looked at six possible changes to the tax system, ranging from...... Read More

Canterbury’s long chemistry history

The University of Canterbury is celebrating the history of an award-winning building that captures both the past and present of UC, with a free public exhibition about the Old Chemistry building at the Christchurch Arts Centre. The Old Chemistry...... Read More

Invercargill’s $160 million upgrade plans revealed

Plans for Invercargill's $160 million inner city redevelopment have been unveiled. The plans include a sprawling retail precinct, additional car parking spaces, a boutique eatery and a central medical centre. The development was expected to generate...... Read More

National MP queries social housing in high-value suburb

Housing New Zealand should have consulted neighbours before buying land in Whangarei for social housing, National MP Shane Reti says. Housing New Zealand paid $1.3 million for 3ha of vacant Ministry of Education land in the high-value suburb of Maunu. Locals...... Read More