New Zealand house values rose 1 per cent in the 12 months ended November 30, up from a 0.20 per cent gain in the period through October, says QV Valuations.

Building consents were up 11 per cent in October.

New Zealanders are still optimistic about the state of the housing market, according to an ASB survey.

Rich Lister Gary Lane wants more than $10 million for a piece of land once donated to the people of Auckland - and estate agents say someone will cough up the cash.

Early signs of an economic recovery might not be as strong as many people hope, says Treasury.

New building consent figures point to signs of recovery in house building but show the non-residential sector sinking further into a slump.

The number of new building consents issued in August has risen, possibly pointing to a "soft" recovery in the building market.

August recorded the most new housing consents in nearly a year, says Statistics New Zealand.

Councils are staring at an estimated $6 billion legal bill to fix the country's leaky homes - with the crushing debt falling on ratepayers.

NZ's recovery from recession will be fuelled by a housing construction boom, with Auckland leading the way, Brendan O'Donovan said yesterday.

The bill for leaky homes is likely to top $11 billion, a review has found.