Subscribe today - find out more
Why you should consider BusinessDesk
Opinion

NZ's housing crisis worsens; govt options limited

Jenny Ruth
Fri, 12 Mar 2021

NZ's housing crisis worsens; govt options limited
The hot housing market keeps getting hotter.
Jenny Ruth
Fri, 12 Mar 2021
A month ago, Finance Minister Grant Robertson said housing affordability was a "crisis" situation but it's becoming worse with each month's data update.House prices had risen 17.3% in calendar 2020, according to the Real Estate Institute's house price index, and in January they were up 19.2% year-on-year, but now we have data showing February's prices were 21.5% higher than a year earlier.That wasn't on small volumes either: in Auckland, sales jumped nearly 35% from last February while excluding Auckland, sales wer...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Infrastructure
NZ exporters fear harvest season due to shipping woes
Brent Melville | Tue, 18 Jan 2022

International shippers are riding a post covid cycle of high demand and shipping backlogs – pushing shipping prices to new highs. That's if you can get onto a ship at all, exporters say.

Technology FREE
Dark strands: detecting earthquakes using fibre
Henry Burrell | Tue, 18 Jan 2022

Researchers will tap into Auckland’s broadband network to monitor seismic activity far beneath the city. 

Technology
Tonga to remain internetless for weeks following eruption
Henry Burrell | Tue, 18 Jan 2022

Telecommunications in the region have been severely affected by Saturday’s volcanic activity.

Sponsored
How to pick the perfect real estate investment now

Now is a good time to get on the property investment ladder - here is how to get there.

Sponsored
Green energy for green farms and green trucks

Ballance Agri-Nutrients and Hiringa Energy are preparing to make green hydrogen to power trucks and produce sustainable farm fertiliser.