***blog post by ex Reserve Bank economist Michael Reddell on House Club***
Dunedin prices up 20% in the last year
Average house price in NZ now $714,747
Even Whakatane is no longer affordable - there are 382 comments on this article.
More rental woes
Housing shortage putting pressure on rentals in Wellington
Buying a house in a tough market
Excellent article by Don Brash in ELocal
Kiwi Dream still alive
2020 home affordability survey here
and here - note Table 2 - New Zealand worst
Hard hitting article from the NZ Initiative
Even the UK is reading about our housing crisis
Good article about young Kiwis priced out of the property market (subscribers only)
Interesting tiny house village in Murawai in an ex motor camp. High prices reflect the cost of zoned land in Auckland
Tiny house get's classed as a building by MBIE and now needs a building consent.
Property prices predicted to increase in 2020 by 13 economists (subscribers only but main excerpt is below)
Panellists were asked how much they expected prices to change in 2020, following the recent upward trend which saw record-breaking median prices across the Northland, Southland, Tasman, Taranaki and Manawatu/Wanganui regions.
Of all the cities, Dunedin came out on top with a predicted 6% price increase. This would see the median property price rise by almost $30,000, from $485,000 to $514,100.
Dunedin was followed closely by Auckland and Wellington at 5%. The experts also forecast prices to increase by 4% in Christchurch.
While that doesn’t bode well for housing affordability, a third of the experts are feeling positive about wage growth. However, a similar number have concerns about household debt and the cost of living.
The panel includes experts from the University of Canterbury, Property Apprentice, Real Estate Institute, Infometrics, the New Zealand Initiative, Property Council, Economics NZ, Resimac, Kiwibank, CoreLogic, ANZ and Westpac, as well as independent economist Michael Reddell.