In February, Number of new homes being consented down 29% year-on-year     The residential construction industry looks set for a serious downturn with the number of new dwellings consented in February down 29% compared to February last year. In February of this year, new housing construction permits decreased by nearly 30% compared to February…

Vast Auckland change: 307ha land rezoning application from Super Fund, Māori     Plans have been lodged for a vast 307.1ha land rezoning enabling thousands of new apartments and terraced houses to rise at Beachlands in Auckland’s southeast in a scheme by the NZ Super Fund, Māori and commercial interests. Auckland Council has received the…

New property listings the lowest since 2007   New property listings around the country last month plunged to a 16-year record low for the month of March, according to latest figures.   New Zealanders’ lack of enthusiasm for real estate transactions has led to a record low number of new home listings last month in…