New migrants resulting in housing shortage

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Latest data from New Zealand’s Ministry of Business, Innovation and Employment shows that the national annual median price of residential rental rose 4.5%. The influx of immigrants has resulting in housing shortage in Auckland. Its rental rates has increased by 13.7%. There rise and fall in rental rates for the different regions is significant especially […]

NZ Auckland Roundup 17 Feb

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Small apartments report a 26.5% jump in 2014, expected to continue its increase. Click here to read more. All property prices across New Zealand increase 14.1% y-o-y. Auckland apartments leading the charge with 21.8% increase. Click here to read more. Survey shows 64% expect house prices to rise over the next 12 months. Click here […]

 
 
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