One of the hot topics in New Zealand at the moment is the New Zealand Housing Crisis. For First Time Home Buyers (usually referred to as FHB...
One of the hot topics in New Zealand at the moment is the New Zealand Housing Crisis. For First Time Home Buyers (usually referred to as FHBs), the current situation housing situation is a nightmare, making it both very expensive and difficult to buy a home. Those that do manage to buy their first home may find that they have had to pay a crippling high amount to secure it.
In the last year alone, house prices have been reported to have risen a whopping 20% on average. Some areas have risen well over 30%. The price rises have generally been accepted to have been caused by a perfect storm of conditions. But record low interest rates and a lack of housing supply coming onto the market are major contributing factors.
The current situation has been a long time in the making. It has largely been caused by government inaction over many years, and we will go over this in more detail in future opinion posts. Please be sure to subscribe to the top right, to be notified when we publish our latest blog post.
We are also First Home Buyers ourselves, and this is one of the reasons for creating this website. We want to investigate all of the things that have helped to create this problem, and look at what can be done to help solve the New Zealand Housing Crisis. We will also add House Buying Tips, and House Buying Tools .In the past we have done concept home designs for clients, focusing on lower cost homes. But one of the problems now is the high cost of land. This is despite New Zealand having plenty of land that could be built on. We will also go into land in the future.
If you are a first home buyer, please leave a comment at the bottom of this page, and share this article on social media (eg Facebook or Twitter). Also please be sure to subscribe above to be informed.