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From Te Awamutu to Timaru, here's where Aotearoa's 'affordable' homes are hiding


Lower house prices and job opportunities are attracting more property buyers to the King Country.
More than 85 towns around the country have a median sale price of less than the regional price caps for Government-backed First Home Loans, according to new data from Homes.co.nz.
Using data from towns which had at least 10 sales in the last six months, Homes.co.nz found 88 towns had a median sale price less than their regional price cap for new builds and 53 towns had a median sale price less than the regional price cap for existing properties.
WARWICK SMITH/Stuff
Whanganui’s median sales price over the last six months was less than the region’s new build price cap. ....

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'Over the moon': First home-buyer scrapes in under Auckland house price cap, gets First Home Grant


Over the moon : First home-buyer scrapes in under Auckland house price cap, gets First Home Grant
Newshub
3 hrs ago
Priscilla Dickinson
© Supplied.
Auckland first home-buyer Shirley used KiwiSaver and the First Home Grant towards her deposit on a $625,000 townhouse in Onehunga.
An Auckland first home buyer is over the moon about becoming a homeowner, using KiwiSaver and the First Home Grant towards her deposit.
Single first home-buyers earning up to $95,000 per year, who are KiwiSaver members for a minimum of three years, can get $5000 free from the Government to buy a home. The home must also be within the house price cap set for the region - $625,000 for an existing home in Auckland.  ....

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Stop: in the name of economics, read this!


Switzer Daily
3 May 2021
Share markets were flat to down over
the last week. Good economic activity data, strong earnings and more US stimulus
saw US shares push to a new record high, but they ended flat for the week with
inflation concerns resurfacing on Friday. Eurozone shares fell -0.5% over the
last week, Japanese shares fell -0.7% and Chinese shares lost -0.2%. For April
as a whole US shares rose 5.2% and global shares gained 3.9%. While Australian
shares gained 3.5% in April, they fell -0.5% over the past week as the local
market continues to work off technically overbought conditions after its ....

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Housing Loans Will Fuel Crisis


Thursday, 29 April 2021, 12:18 pm
“Labour’s changes to housing loan schemes ignore
basic economics and will further fuel the housing crisis,”
says ACT’s Housing Spokesperson Brooke van
Velden.
“The Government’s proposals to increase
price caps and funding through the First Home Grant and
First Home Loan schemes are not only likely to be
ineffective, but official
advice says they could make the housing crisis
worse.
“The Ministry for Housing and Urban
Development specifically recommended against increasing
price caps and income caps multiple times warning that the
policy changes could increase house
prices:
‘…we do not recommend increasing the
price caps for existing properties, as this would inflate ....

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How Can We Achieve Affordable, Secure Homes For Everyone?


Friday, 23 April 2021, 11:55 am
Much has been written about the reasons contributing to
the crisis in housing affordability in New Zealand and its
immediate and longer term consequences. This paper draws on
research and commentary about how we got here and what can
be done to help people in Aotearoa New Zeaand have a decent
home, whether through owning it or renting/leasing
it.
“There is no easy or quick fix to New
Zealand’s over-valued housing market. Whether house prices
spiral up or down, the impacts of the necessary policy
solutions will not be seen immediately. Not one single
change will be enough. The solutions need to be a ....

New Zealand , New Zealand General , New Zealanders , Shamubeel Eaqub , Cameron Bagrie , Tiritio Waitangi , Scott Figenshow , Leilani Farha , Efeso Collins , Jacqueline Paul , Max Harris , Kelvin Davidson , Mason Durie , Bernard Hickey , Jordan King , Tiritio Waitangai , Nanaia Mahuta , Minsiter Jacinda Adern , Jenny Mcarthur , Grattan Institute , Apprenticeships Fund , Committee On Economic , Citizen Community , Foundation For Public Interest Journalism , Services Kaupapa Inquiry , A National Investment Bank ,