PropertyWorldUpdates

Apartments, Including Retirement Units, Drive Building Consents Consents for 127 retirement village units is one feature of strong building consents data for December. They were among the 232 new apartments that received consents in December, a 57 percent rise on the same month a year ago. The seasonally adjusted number of consents for new houses,

Reserve Bank governor Graeme Wheeler singled out rising house prices as a threat to the country’s financial stability and kept the official cash rate at 2.5 per cent, as expected, saying the overvalued New Zealand dollar was holding consumer prices below the bank’s target band. “The bank does not want to see financial stability or