Friday, 21 May 2021, 3:51 pm
The
number of residential properties sold in April across New
Zealand was the highest number of properties sold in an
April month for 5 years with 7,218 properties sold,
according to the latest data from the Real Estate Institute
of New Zealand (REINZ).
Despite this, the market
actually appears to be slowing. In April 2020 New Zealand
was under Level 4 lockdown restrictions, and the housing
market has heated up significantly since previous years. It
is no surprise that this year saw the busiest April in half
a decade.
Yet compared to March, April sales were down
by over 2,500.
“While in part this is what we expect
Thursday, 13 May 2021, 3:51 pm
Nationwide
values increased by a further 3.1% over April according to
the latest CoreLogic House Price Index (HPI). While this
brings the annual growth rate to 18.4% up from 16.2% last
month, the annual measure is impacted by base affects. A
year ago, economic activity, including the housing market,
had stalled as the nation moved through the first COVID
related lockdown.
It may come as a surprise to see the
monthly pace of property value growth accelerate in April
after the Government introduced the phased removal of
interest deductibility for property investors, however it
may take another month or so for these changes to flow
Thursday, 13 May 2021, 3:57 pm
On
30 April, Australia’s building ministers agreed to include
minimum accessibility standards in the 2022 National
Construction Code. This decision reflects how housing needs
to be more flexible to meet the changing needs of an aging
population during the next decades.
Within 40 years,
the number of Australians with a mobility limitation is
estimated to almost double from 3 million to nearly 6
million.
The recent challenges experienced by the aged
care sector during the Covid-19 pandemic highlights the
importance of enabling people to “age in place” and
remain in their own home for as long as possible.
Some
simple changes to all new builds will result in a vast
The CoreLogic Property Market & Economic Report for Q1 2021 reinforced the heated market conditions which led to the Government’s recent housing policy announcement. Through the first quarter of 2021 sales activity remained high despite record-low .
The key objectives of the NPS-UD are to increase the development capacity for houses and business, address housing affordability and ensure New Zealand communities are “well-functioning urban environments that enable all people and communities to .