
Queenstown least affordable for homes
Auckland and Queenstown have again been confirmed as having the most unaffordable housing for locals.
Auckland and Queenstown have again been confirmed as having the most unaffordable housing for locals.
Two weeks after the Canterbury earthquake nearly 3000 homes cannot be lived in and about the same number are not weatherproof.
The real estate storm has seen prices fall by as much as 25 per cent.
The Govt hopes a new state house will be a heartening example for first-home owners.
Property developer Hugh Pavletich says more land around the fringes of Christchurch should be opened for building.
The real estate sector stayed gloomy in August, with sale numbers slumping and prices barely changed.
Dozens of people buying and selling homes in Christchurch face delays as buyers fail to finalise sales, forcing sellers to default on contracts.
EQC-trained building inspector Peter Wei examined four homes in Auckland to see what improvements could make them safer in a natural disaster.
They're doing it tough out there in the regional towns and cities, and it will get tougher yet, reports Bruce Morris.