Subscribe today - find out more
Why you should consider BusinessDesk

House prices still outpacing household earnings

Staff reporters
Thu, 09 Sep 2021

Tauranga is the least affordable city for housing. (Image: Supplied)
Staff reporters
Thu, 09 Sep 2021
The gap between house prices and salaries continues to widen, with few signals that tighter regulations and rising mortgage rates will bring homes back into the realm of affordability.CoreLogic’s latest housing affordability report shows that by the June quarter, average residential values had surged to 7.9 times the average annual household income.That's the highest in the 18 years CoreLogic has been calculating this data series, up from 6.6 times a year earlier, and well ahead of the long term average of 5.8 times annual income.The...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

New 3-storey planning rules, shorter MIQ in prospect this week
Pattrick Smellie | Tue, 19 Oct 2021

Also expected this week is an announcement from covid response minister Chris Hipkins to reduce managed isolation and quarantine stays from 14 days to nine.

Ministry of Health: two vaccine certificates for data reasons
Henry Burrell | Tue, 19 Oct 2021

New Zealand’s international vaccine certificates will be based on the EU standard.

Arvida's $345m purchase a sharp deal with development opportunities
Jenny Ruth | Tue, 19 Oct 2021

Arvida is raising more capital than it needed to complete the Arena transaction.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.