Archive for the ‘RER’ Category

Auckland market already benefiting from lower mortgage interest rates Low mortgage interest rates, house traders on the prowl and swelling numbers of first-home buyers could be about to fire up Auckland’s housing market. QV valuations spokeswoman Glenda Whitehead said Auckland might be showing signs of a resurgence as buyers hunted around the western areas, Mangere [...]

NZ now paying price for housing boom that has got out of control, says English HOUSING STUDY Auckland’s notoriously unaffordable house prices will be a key area of research for the Government’s newly formed Productivity Commission, which is already under fire for advancing the interests of developers and the political right. Finance Minister Bill English [...]

New Zealand’s biggest city will be all full up — with no more room for houses — in as little as 15 years. AUCKLAND IS facing a major housing crisis if current development trends continue. Local officials predict that, at the current rate of development, there will be a shortage of 50,000 homes in 30 [...]

Police say the seizure of weapons at a rural Waikato property during a P-lab bust highlights the worrying link between drugs and illegal firearms. Waikato detectives and members of the Waikato Armed Offenders Squad swooped on the rented Ohinewai property on Tuesday afternoon and found a methamphetamine laboratory in its ‘‘preliminary stages’’ and significant quantities [...]

A man died in an explosion at a P-lab in a house south of Auckland yesterday afternoon. Emergency services were called to the property, on Mckinney Rd at Glenbrook, near Pukekohe, after reports of a blast shortly before 6pm. Neighbours said ‘‘everyone knows’’ the house was used to cook methamphetamine and it was not surprising [...]

The national housing market staged a modest recovery in February compared with January but volumes were halved in earthquake-hit Canterbury, the Real Estate Institute says. The median price of $350,000 was unchanged from February last year but was up $10,000 on January. A total of 4502 unconditional sales were reported, up 38 per cent on [...]

After the death of a toddler in a house fire, coroner Ian Smith is calling on the Ministry of Housing to amend the law to make it compulsory for landlords to install working fire alarms in all rental properties. Mautua Latu died at her family home in Porirua one month before her third birthday in [...]

Earthquake refugees, dearer insurance and loss of tax break a fatal combination Auckland faces a rent shock as the Christchurch earthquake diaspora, rising insurance premiums and the loss of a landlords’ tax break all affect demand on already scarce stock. David Whitburn, president of the Auckland Property Investors’ Association, and Andrew King, vice-president of the [...]

Scammers are targeting people desperate to find new homes in Auckland’s rental property shortage. BOGUS: A listing for a non-existent flat that Trade Me says was a scam. Trade Me yesterday warned tenants hunting in the crowded Auckland rental market to be on guard against bogus property listings. During the weekend Trade Me contacted users [...]