![Reserve: Auckland property risk growing](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Reserve: Auckland property risk growing
New Zealand's banking system remains in good health, but heavily indebted dairy sector and heated property market are posing increasing risks to lenders.
New Zealand's banking system remains in good health, but heavily indebted dairy sector and heated property market are posing increasing risks to lenders.
Serious weathertightness issues have been found at the popular Eastcliffe Retirement Village in Orakei and repairs to the buildings will cost $12 million and take five years to fix.
Wheeler cited rising consent numbers as a bright spot in the Auckland housing sector when he gave his post-OCR briefing.
An expert report to Auckland Council suggests a huge shortfall in the amount of affordable terraced housing likely to be built over the next 30 years.
Tenants' rights groups have welcomed plans to insulate all rental properties, but nearly 100,000 would be exempt where it was impossible to retro-fit insulation.
Housing supply in Auckland will not be a 2017 election issue simply because a lot of the issues highlighted and debated over the past few years will be well addressed or advanced by then, writes James Kellow.
The Government has fast-tracked the building of a further 1000 houses and apartments at Hobsonville Pt and about 300 of those will cost less than $550,000.
Three ministers is not enough, writes Toby Manhire. "To have a hope of slaying the many heads of the housing crisis hydra, there may need to be even more new ministers appointed."
Nick Smith has defended his plans to free up crown land in Auckland to build new homes despite claims people could end up living on top of cemeteries.
Desperate home-buyers have resorted to sleeping in cars overnight in the hope of securing one of 12 sections when they go up for sale this morning.
BNZ boss Anthony Healy says he doesn't believe the Auckland property market is entering bubble territory.
The last thing Nick Smith needs is Auckland Council holding the Government to ransom over special housing sites, writes Mike Hosking.
Housing Minister Nick Smith is reminding Auckland Council of Government’s power to override local government if it does not co-operate on speeding up the supply of affordable housing.
A $200 million loan plus ownership of state houses worth $1.2 billion have given the Tamaki Redevelopment Company clear financial clout.
John Key claims the Auckland housing market is not overvalued and that high prices are the result of market forces. What do you think? Have your say here.
This week, Finance Minister Bill English was dealt a blow by the Salvation Army, which rejected his suggestion it buy Housing New Zealand stock.
Councils may soon face private sector competition for issuing building consents again, as part of a Government drive to make housing more affordable.
A "ruckus" caused by a 60-year-old state house tenant who refused to move has helped to postpone new housing development in part of Glen Innes.
What took hold of Nick Smith when he claimed the Resource Management Act added $30 billion to housing costs and stopped 40,000 new houses in the past decade?
Property developers say the failure to quickly resolve Auckland's housing crisis is not their fault - lack of infrastructure is one of the biggest impediments to more building.
Auckland's first house-building factory is being planned for Pokeno and could produce components for two-and-a-half houses a day.
Housing Minister Nick Smith and Auckland Mayor Len Brown are talking up the first year of the Auckland Housing Accord.
A plan aimed at tackling Auckland's housing supply shortage has surpassed expectations in its first year, the Government and Auckland Mayor Len Brown say.
Labour's housing spokesman Phil Twyford has raised concerns about anti-competitive building industry practices after the world's second biggest wallboard maker said it was reviewing its structure in New Zealand.
Builder Shane Brealey is selling his 83.2 per cent stake in NZ Strong to Amalgamated Builders' executive chairman Chris Hunter.
Community housing groups want the Auckland Council to underwrite "housing bonds" worth $30 million to kick start more than 200 new homes for low-income families.
Wall art, planters and anything from a vintage junk shop featured on The Block NZ have been selling out as fans of the show take inspiration from - or outright mimic - the reality home renovation show contestants.