Property Talk: is the Auckland housing market going to crash?
NBR reporters Sally Lindsay and Chris Hutching talk about the latest in property news in Property Talk on NBR Radio and on demand on MyNBR Radio.
Is the Auckland housing market going to crash?
As house prices continue to rise ahead of rents and incomes, Auckland Council chief economist Chris Parker says this makes the market vulnerable to a massive price correction.
He says the market is not quite at the bubble stage but it’s not far off it.
Mr Parker has set out the reasons why and how it can be overcome. He says there are a range of things that should and can be done and people’s perception that nothing can be done is wrong.
In Christchurch the continuing saga of Dave Henderson and liquidator Robert Walker carries on.
In the latest twist accounting giant PwC is appealing against Mr Walker’s attempt to have it joined to a lawsuit against Mr Henderson’s group of companies.
Company directors are being sued in the case. PwC was the auditor of Property Ventures, which went into liquidation five years ago owing $70 million.
Chris Hutching looks at the case.
The physical heart of Auckland is to get a major revamp and Auckland Council is holding guided public walking tours of the Aotea Precinct to get public feedback into its plans.
Aotea Centre is to get a $64 million makeover and under-developed council sites around the centre are to be revamped and made into retail, apartments, office buildings and plazas and courtyards.
Private investment is also being sought for some of the development work.
A well-known Christchurch cricket enthusiast’s involvement in fast-tracking the city’s district plan has upset a ginger group.
Retired High Court judge Sir John Hansen is being asked to step aside from considering anything to do with the city’s pride and joy, Hagley Park.
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NBR Radio
Mon, 14 Sep 2015
Mon, 14 Sep 2015
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Property Talk: is the Auckland housing market going to crash?
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