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...

More Property

Officials move on Richard Yan’s castle
Property

Officials move on Richard Yan’s castle

Richard Yan's extensive heritage property is being sold following his bankruptcy.

Tom Raynel 26 Jul 2024
Action against Hawkins directors stalled
Property

Action against Hawkins directors stalled

Proceedings by the failed group's liquidators relate to a leaky building claim.

Maria Slade 24 Jul 2024
Arvida buyout lifts retirement sector
Property

Arvida buyout lifts retirement sector

On Tuesday, Arvida traded volumes of $127 million. Its competitors followed suit.

Gregor Thompson 24 Jul 2024
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

Gregor Thompson 23 Jul 2024