The high cost of house prices

The high cost of house prices
Brent Melville
Hamish Glenn, the vocal policy director at Infrastructure New Zealand, says prioritising house prices over supply, quality and affordability could serve to 'lock in' intergenerational inequality and low incomes.In response to this week’s Housing in Aotearoa report, co-authored by Stats NZ and the Building Research Association of NZ, which shows home ownership at its lowest rate in 69 years, Glenn said there should be a greater focus on building houses at scale, and at a potential price point below $400,000.“That homes are se...

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Investore buys New Lynn Bunnings site for $43 million
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Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025