House values outstrip incomes
Using World Bank measures, our housing is unaffordable to severely unaffordable in urban areas. With household incomes rising more slowly than house values, this situation looks unlikely to change any time soon.
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Using World Bank measures, our housing is unaffordable to severely unaffordable in urban areas. With household incomes rising more slowly than house values, this situation looks unlikely to change any time soon.
A breakdown of the figures shows that over 30,000 new residential units were built in the year to June 2017. But who built them – volume builders or smaller enterprises – and how many are multi-units?
While quality can be hard to describe and quantify, there are certain established standards and guidelines that, if followed, should result in a quality building.
Designers and builders enjoy a broad and ever-increasing range of cladding options for walls and roofs. While appearance is a prime consideration, it is useful to consider the upfront and lifetime costs.
The cost of maintaining a home can be high, but delaying essential work means it will cost much more in the long term. There’s evidence many properties aren’t being kept up to scratch.
As the composition of New Zealand’s population ages and changes, so do housing preferences.
Pay-back periods vary when adding features to make houses perform better. It’s useful for new-home buyers to know what to expect in terms of money in their pockets when installing elements above Building Code minimums.
Recent BRANZ-commissioned research shows the use of scaffolding on single-storey builds has made sites safer but highlights the opportunity to review regulations and improve industry guidance.