Housing

Public opinion is against efforts to turn an overgrown former Palmerston North bowling green into housing.

Plans to turn an overgrown former bowling green into housing in Palmerston North have been met with distaste by most in submissions.

The pandemic has impacted all businesses, but NZ's construction sector is reeling, and ongoing systemic problems are undermining it, four experts say.

House sellers have been smiling all the way to the bank but that is likely to change, according to a new report.

The Reserve Bank's quarter percentage point rise in the official cash rate may have put an end to the one "saving grace" in the housing market. Audio

Predicted strong population growth within 10km of central Blenheim could see a shortfall of land for urban development within the next 30 years.

The government is investing more into housing than ever, yet experts say it is not how much but where it is being spent that will make the difference.

With the average property across New Zealand now costing 8.8 times the average household income, it would take households nearly 12 years to save for a deposit.

Prime Minister Jacinda Ardern says emergency accommodation is a "stopgap measure" and is concerned about its long-term social effects.

Rental property managers would need a licence, and be subject to an independent complaints process under the government's preferred option for regulation.

Fletcher Building has reported a solid lift in first-half profit as it benefited from a strong housing market and building boom.

The seemingly out of control housing market is being pegged back, with expectations of a greater fall in prices than previously thought.

Tighter lending limits and changes to credit rules are resulting in slower house price growth, the Real Estate Institute says.

Controversial credit protection legislation is having an adverse effect on first-home buyers, but cash buyers could play a more prominent role this year.

Palmerston North officials are asking Parliament to help turn an overgrown former city bowling green into housing.