Squeeze goes on capital's housing
Thursday 3 June 2004
The squeeze has gone on state housing in Wellington as the Government pours extra money into Auckland.
By The LandlordHousing Minister Steve Maharey announced yesterday that of the 3000 extra state houses built, bought or leased nationwide over the next three years, 80 per cent would be in Auckland.
Wellington's share will be zero – in fact the number of state houses will probably drop over the next three years.
Housing officials say Auckland has the greatest need, though Wellington also has waiting lists for people wanting a state house.
Read More - Opens in a new window
Commenting is closed
Global ratings agency Standards & Poors is the latest to join the chorus of predictions around potential house price falls in New Zealand – and they’re picking a 10% drop.
Auckland ’s long-term future is sound as well situated residential developments will always sell and demand for affordable housing remains strong, a leading non-bank property financier says.
The New Zealand property market has emerged strongly out of lockdown, according to mortgage advisers, who say they are busy as ever this winter.