Property

Affordability study findings due this week

Housing Minister Chris Carter's spokesperson told The NZ Property Magazine key findings of government studies into whether local government's use of environmental legislation is constraining supply of affordable land for housing will be released later this week.Carter's spokesperson said there was a variety of research going on around the country into different aspects of the "whole 'unaffordability' question - why housing affordability is dropping by the wayside."

Sunday, August 20th 2006

"Obviously land supply is an issue that's been raised, as a possible reason for that, and the government is looking at that."

The findings of one such research project will be announced on Friday this week. The key finding out of that report will be that while there are legislative flaws, there are issues with "the choices communities are making in terms of freeing up land for new housing, protecting agricultural areas and green spaces and so on".

"It's the age-old conflict really."

The research relates particularly to Nelson, Tasman and Marlborough, where there's been a 70% increase in house prices. Further reports due at the end of the year will focus on the Auckland situation.

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Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50