Residential Property stories
Tenants could face higher rents and fewer homes as landlords lose interest deductibility from Friday, industry figures warn.
Homeowners face higher rebuild insurance bills as labour and materials shortages pushed residential construction costs up 2.2% in June.
Businesses must shift to contactless operations, remote work and tighter checks as Delta-driven Alert Level 3 curbs customer access.
Businesses must shift to remote work where possible as Level 3 rules ban most customer access and require contactless trading.
Only essential building work may continue, with contractors required to follow strict COVID-19 controls or defer jobs until restrictions ease.
The report urges ministers to curb speculation, strengthen tenant rights and expand social housing after finding the crisis breaches basic rights.
Investors in Manawatu/Wanganui saw 25.3% capital gains and 4.0% yields, making it the country’s standout residential market.
Auckland developers are finding stronger demand and easier consents as housing shortages, low rates and relaxed zoning reshape the market.
Owners of unsafe buildings can face deadlines of 7.5 or 15 years to strengthen or demolish them, with council support available.
Albany has become Auckland’s top apartment market, with suburban projects taking more than two-thirds of sales as CBD demand slumps.
Planning reforms could add GBP £4 billion in annual value and 39,200 jobs, as states weigh faster approvals and clearer rezoning rules.
Contractors must now issue travel letters and display QR posters as COVID-19 rules tighten across Alert Levels 2 and 3.
Tenants will gain stronger eviction protections and annual rent caps, but landlords warn the new law could shrink supply and lift rents.
Physical distancing has been eased on building sites, but workers must still sign in, wash hands and stay home if unwell.
New distancing and travel rules aim to help builders restart safely under Level 2, with updated protocols now available online.
The Waimakariri District Council’s red-zone recovery work has been recognised as best in the Commonwealth for helping rebuild earthquake-hit communities.
Sixty-one terraced homes in Manukau will be priced from GBP £289,000, as the project packages whiteware, landscaping and parking.
Big transport projects and a planned manufacturing hub are boosting demand for homes and rentals across Huntly and wider North Waikato.
Christchurch’s regeneration was underscored as Tūranga won the Supreme Award, while 10 other projects were named category winners.
Widening the KiwiSaver HomeStart grants could help more first-home buyers bridge soaring deposits as rents climb and rates stay low.
