Housing

Housing in all main NZ markets now ‘severely unaffordable’

None of New Zealand’s main housing markets are considered affordable any longer, according to a study released today. The annual Demographia International Housing Affordability shows New Zealand has continued to be one of the most unaffordable countries in the world to buy a house, with the median price more than six times the median annual …

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Wellington houses worth 7.4% more; Upper Hutt house values up 12.1%

House values across the Wellington region rose 7.8% in the year to December and increased 3.2% over the past quarter and the average value is now $688,074.   Wellington City values increased 7.4% year on year and by 2.3% over the past three months and the average value there is now $813,052. Meanwhile, values in …

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Student desperation for rental properties hitting new highs in Wellington

Wellington students desperate to find rentals are getting creative to try and find housing, while others with rentals are struggling to make rent. A group of Wellington university students have taken a novel approach to trying to find a new rental home. Photo: RNZ / Richard Tindiller But experts have warned it will only get worse. Massey …

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Wellington City rents match Auckland City for the first time – Trademe

Wellington City rents now match Auckland City for the first time, after the median rent in the capital rose 5.8 per cent on last year to $550 per week in November, according to the latest Trade Me Rental Price Index. Head of Trade Me Rentals Aaron Clancy said rents in Wellington City had been hot …

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Helpers needed for next Friday’s Night Shelter appeal

The Wellington Night Shelter is holding a Street Appeal next Friday, the first since the organisation opened in 1970 – and it is calling for helpers. The appeal is to raise funds for running costs and ongoing refurbishment to update the accommodation facilities accessed by over 300 men every year. The Wellington Night Shelter provides …

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Nine million-dollar suburbs in Wellington as property values skyrocket

Three suburbs that posted average valuations exceeding one million dollars in the 2015 QV adjustment– Seatoun, Oriental Bay and Kelburn – have been joined by six more in the latest round, as values in those suburbs leap nearly 50 per cent. But the increases shown in Broadmeadows, Hataitai, Khandallah, Mount Victoria, Northland, Te Aro and Thorndon were …

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Eastern Porirua to receive $1.5b housing regeneration

The Government has announced that it will spend $1.5 billion over 25 years to revitalise housing in eastern Porirua, with plans for 2000 new KiwiBuild homes and 2900 renewed state houses. The Eastern Porirua regeneration will transform the suburbs of Ranui, Cannons Creek, Waitangirua and Ascot Park. The partnership with Ngāti Toa in the west …

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