Housing Crisis stories
Mortgage rates may already be near their peak, but new borrowers still face tough affordability tests and repricing pressure for months.
Up to 100 affordable rentals are planned for Te Taitokerau under a USD $55 million partnership to ease Northland's housing shortage.
Higher urban land costs and borrowing pressures have driven New Zealand house prices up for two decades, though reforms may ease them.
Digital tools could help New Zealand builders deliver homes faster and cheaper as shortages, costs and delays threaten supply.
The appointment signals a renewed focus on offsite construction and affordable housing as the institute prepares for a leadership change on Monday.
Lifting price caps is expected to unlock stalled Auckland projects after the lender set aside GBP £600 million for about 1,000 homes.
Industry groups say Labor’s policies could ease affordability pressures after its weekend win made housing reforms more likely.
Councils face tighter deadlines as new rules could bring taller housing to city centres and transit hubs, raising pressure on infrastructure.
The funding leaves Auckland’s housing shortage still acute, but will unlock build-ready land for up to 16,000 homes across five suburbs.
Queensland developers are being asked to inject millions as Condev races to complete projects and avert collapse.
Mortgage repayments now absorb nearly half of household income, as record house prices and weaker wages push affordability to fresh lows.
New Zealand’s median house price climbed by NZD $100,000 in October, with 10 regions hitting record highs amid tight supply and strong demand.
The bill could unlock up to 105,500 extra homes in major cities by letting most sites add three storeys without resource consents.
Tenants could face higher rents and fewer homes as landlords lose interest deductibility from Friday, industry figures warn.
Overcrowded emergency housing is increasingly being linked to new infections as officials warn the delta variant is spreading among vulnerable groups.
Property values have surged nationwide, leaving first-home buyers facing tougher affordability as almost every New Zealand suburb gained at least 10%.
Housing pressure is driving New Zealand's first large-scale build-to-rent scheme, with 295 apartments planned for Sylvia Park in Auckland.
A further NZD $150m in funding will help Auckland developers meet surging demand, with some homes already sold off-plan to waiting buyers.
Westland is the country's most affordable area, with house prices at just 3.2 times income and rent and deposits well below national norms.
Public scrutiny begins on a replacement regime for the RMA, with the first draft aiming to speed planning and ease housing constraints.
