No houses are being built for the lowest-income quarter of New Zealand’s population, Finance Minister Bill English told media last week.

New Zealand’s resurgent property market is evident in the latest Reserve Bank statistics, showing the number and value of home loans issued across the country.

High rates of property sales in Auckland in July reduced the number of properties for sale at the end of the month to their lowest level in seven years.

It’s now much harder for single people on high incomes and middle-income couples to buy homes than it was ten years ago.

Million-dollar homes are as popular with Auckland buyers this year as they were in 2007, according to Barfoot and Thompson.

An article in this week’s Herald on Sunday, outlining Olly Newland’s claim that house prices will double in ten years, has prompted quite a lot of angry reaction.

Housing is no longer the investment of choice for investors surveyed by ASB - except in Auckland.

ACT Leader John Banks supports Finance Minister Bill English’s claim that house prices are “ridiculously high” and that affordability issues are “turning off” young New Zealanders.

Housing Minister Phil Heatley has confirmed the Government is considering changes to the accommodation supplement and has slammed the cost of new subdivisions.

More land won’t mean cheaper housing, the chairman of the Environmental Defence Society says.

Canterbury’s recovery is making a big difference to the number of building consents recorded nationwide.

Lawyers say they are seeing “off-the-plans” property purchases again – after years of none. But the trend comes with a warning.

This morning's announcement that the OCR will remain at 2.5% has prompted minimal reaction.

Auckland Council has announced moves to address the city’s housing supply and property affordability problems.

Realestate.co.nz has reported a 17% increase in property sales in June on the same time a year ago, with 6135 across the country.

It's often asked why New Zealanders keep investing in residential property when the returns apparently aren't that good.