Politicians weigh in on Auckland’s over-valued property
Restrictions on new land supply and suffocating planning rules and costs were the major causes behind Auckland’s over-valued property, National’s finance spokesman Bill English said last week.
Mr English, along with MPs from the major parties, was addressing business groups at the Deloitte-Business NZ election conference in a pre-election bid to win-over support.
“"We've chosen a very expensive rapidly rising housing market, with the price of land rising because of restrictions on new supply, and planning rules adding to costs,” he told the conference.
"In Auckland it's basically illegal to build a house that's worth less than hal…
The American city of Memphis, one of the locations Estero invests in, released a 25 year plan in September outlining a number of new sustainable infrastructure initiatives.
The Memphis Business Journal reported last week that the Mid-South Regional Greenprint had released its 2015-20490 regional plan.
The 25-year plan was designed by the Memphis & Shelby County Office of Sustainability and guided by the Mid-South Regional Greenprint Consortium.
The plan will increase accessibility to green infrastructure, such as bike lanes and greenlines. The plan also sets out initiatives for community gardens, redevelopment of neighbourhoods, resource conservation and increased jobs in the green se…
America’s recovering housing market is starting to attract interest from around the world – including from New Zealand.
The National Association of Realtors in America stated recently that overseas investors made up 7 per cent of house buyers in the year ended March 2014.
Chinese buyers accounted for a major part, snapping up property worth $22 billion in the time period – a 19 per cent spike on a year-over-year basis.
It is not just Chinese investors eyeing up property in the US. The NAR sourced data from Realtor.com’s traffic index that recorded a searcher’s location and region they were looking at housing in.
The analysis found that the highest interest in the US property market onlin…
