
Editorial: Rising rents just as toxic to Kiwi dream
Our forebears came to NZ to escape perpetual tenancy and have property of their own. That has been the Kiwi dream and there is no reason to give it up now.
Our forebears came to NZ to escape perpetual tenancy and have property of their own. That has been the Kiwi dream and there is no reason to give it up now.
Experts believe Auckland's housing crisis may be lowering city's birth rate, as young adults shut out of buying homes are forced to live with parents.
Rotorua's first female-only apartment block is getting such interest developers are already looking for a site for a second one.
COMMENT: I read advice from a mortgage broker saying house hunters just need to give up their Sky TV to be able to buy a home, this enraged me.
House hunters who say they can't afford to buy a home in Auckland need to give up Sky TV or expensive cars and just save harder, says a mortgage broker.
House prices in Auckland have risen so fast that many single people on ordinary incomes now find it impossible to buy a first home on their savings.
It promised to be an affordable and modern entry into the Auckland property market but a developer has pulled the pin on a town-house project.
They're supposed to be Auckland blocks of land designated 'special' to boost the city's housing supply, instead they're being traded like horses.
The Reserve Bank could expand mortgage lending restrictions in an effort to head off the housing boom as it rolls down the country, economists say.
An iwi plans to give 175ha of coastal land to Auckland Council in return for the right to create and sell 58 upmarket housing sites.
Like many new Aucklanders, Bharat Bhushan and Lovely Garg are not emotionally attached to the traditional Kiwi section.
Up to one in four property sales in parts of provincial New Zealand are now to Aucklanders, with many buyers forced from the city as prices spiral beyond their means.
China's richest man, Alibaba online shopping founder Jack Ma, says he'd like to buy a home in New Zealand.
An Auckland economist says recent changes to tax and deposit rules didn't dampen the property market - and he expects prices to keep climbing.
Cecile Bourgeois, 39, would like to buy a house in Auckland, but experts agree her most realistic option is leaving the city and setting up somewhere else.
First home hunters squeezed out of entry-level Auckland suburbs are being pushed to the far reaches of the city but face massive daily commutes to work.
COMMENT: The concerning thing is that people are so desperate to get into the market, they are borrowing to the hilt to buy overvalued homes, writes Larry Williams.
Aucklanders are being pushed out of their own housing market and are responsible for one in five house sales in cities including Hamilton, Whangarei and Tauranga.
Aucklanders are buying at least 20 per cent of properties in nearby regional main centres, as soaring city prices force house hunters to look elsewhere.
Gemma Mann and Mike Alsweiler are thinking about leaving Auckland to find a house they can afford, even if it means saying goodbye to their families.
Up to one in four property sales in parts of provincial NZ are now to Aucklanders, with many buyers forced from city as prices spiral beyond their means.
How do Auckland property prices compare with the rest of the world? Andrew Laxon finds it all depends on where you look.
The number of highly paid professionals and managers unable to afford to buy a home in Auckland has almost doubled in just over a decade.
COMMENT: It's easy to assess the value of an asset in a liquid and rising market, but the future liabilities are not so easy to see.
First home buying hopefuls Gemma Mann and Mike Alsweiler faced the grim reality of ever-climbing house prices this evening as they attended their first auction.
How hard is it to buy your first home in Auckland today? Three house hunters share their stories.
Auckland estate agents were jubilant this week at figures showing house prices and sales volumes in the city had taken off again.
Landlords who are forced to sell sometimes find they've gained little or nothing after years of hassle. Sometimes they even end up with a debt to the bank after selling the property.