Taranaki stories
National home values have edged up 0.5% this quarter, but most cities are still below year-ago levels as demand stays patchy.
Regional housing markets are regaining confidence as eased lending rules and steadier rates lifted May sales in seven areas, REINZ said.
Values are still falling in several centres, but slower declines and firmer migration are hinting the market may be nearing bottom.
National prices kept falling in March, but the West Coast and Southland posted annual gains as sales slowed and homes stayed longer on the market.
Higher compliance costs and rising interest rates have made rural buyers more cautious, with farm sales falling sharply in late 2022.
Farm sales have fallen sharply as higher costs, volatile weather and policy pressure weigh on rural confidence across New Zealand.
The ERA ruled four Taranaki oil and gas workers were unjustifiably dismissed, ordering nearly GBP £140,000 in back pay and compensation.
Businesses must account for after-hours contractors, after a Taranaki cleaner died trapped in machinery and two firms were fined GBP £340,000.
Redwood could help New Zealand meet its 2050 net-zero target by storing more carbon than radiata pine on suitable sites.
The funding leaves Auckland’s housing shortage still acute, but will unlock build-ready land for up to 16,000 homes across five suburbs.
More listings and weaker buying power are easing competition, even as national house prices climbed 13.5% to a record GBP £885,000 in February.
Auckland, Bay of Plenty, Taranaki and Wellington now top the pay table, as median hourly wages climb to NZD $27 across trades and industrial jobs.
Buyers are getting more choice as supply improves, even though New Zealand house prices hit fresh records in November and growth begins to ease.
The council says wider benefits for ratepayers followed once it stopped choosing projects on the lowest price and focused on long-term value.
New Zealand’s median house price climbed by NZD $100,000 in October, with 10 regions hitting record highs amid tight supply and strong demand.
Lockdown has not cooled demand, with New Zealand house prices hitting another record as spring listings are delayed and buyers stay active.
Workplace deaths on New Zealand farms have already hit five this year, with vehicles and fatigue among the biggest risks ahead of spring.
Record prices are still climbing, but a drop in sales and inventories suggests winter may not be the only reason for the slowdown.
New records in prices and sales show demand is still outpacing supply, despite efforts to cool New Zealand's property market.
Record-low inventory is pushing New Zealand house prices higher, leaving first-time buyers with fewer affordable options.
