Gisborne stories
Additional public and transitional homes will be targeted at regional centres where demand has surged ahead of supply, worsening rents and overcrowding.
Listings fell to record lows as buyers pushed Auckland’s median house price to GBP £1 million and nationwide sales hit a 14-year October high.
Nationwide property values rose 0.8% in September as low rates and scarce listings kept demand firm despite the economic downturn.
Rents are falling in Queenstown and other pockets, but most areas are still posting gains as the recession deepens and job losses loom.
House prices and sales have climbed to four-year highs in New Zealand, despite earlier fears of a post-COVID downturn.
A Transport Accident Investigation Commission report says poor cargo-securing guidance left crew exposed to a snapped wire that killed an able seaman in Gisborne.
Property sales jumped in May as lockdown eased, but volumes remained 46.6% below a year earlier and days to sell hit record highs.
New Zealand house prices climbed to a record high in April even as lockdown froze the market and sales volumes plunged 78.5%.
A slump in private development could let ministers add 9,400 state houses, easing a record waiting list and propping up builders.
Tight stock and low borrowing costs helped drive New Zealand home sales to their busiest January in four years, REINZ said.
Lifestyle property sales picked up over summer, with the national median price reaching NZD $725,000 and demand still firm across several regions.
Tight supply and stronger demand lifted New Zealand house sales 12.3% in December, with prices rising in 15 of 16 regions.
Vodafone records surge in data usage on New Year's Eve in New Zealand, with a 35% increase compared to last year.
Higher borrowing demand and scant listings pushed New Zealand’s national median house price to a record NZD $630,000 in November.
Affordability and tight supply are driving activity in cheaper districts, with Tararua, Waipa and Selwyn topping the turnover rankings.
Sales volumes in February marked the sharpest annual fall for 16 months, even as prices kept climbing across most of New Zealand.
Lower supply is widening regional gaps, with Auckland and Canterbury cooling while most of New Zealand posts stronger house price growth.
Driver shortages may ease if more women are recruited, as new training courses attract female students and boost industry retention.
Higher sales and record prices point to a spring lift in New Zealand housing, with 6,791 homes sold nationally in October.
Female enrolments at Manukau Institute of Technology’s new transport course are helping tackle a driver shortage that has hit freight operators hard.
