Summary: <br> The Property Report for Week ending Sunday 6 OCTOBER 2019<br> <br> <br> <br> Property data firm CoreLogic is helping home buyers find property in suburbs that fit their budget with its <a href="https://clnz.maps.arcgis.com/apps/MapJournal/index.html?appid=2ecd93ab799d4bc39338edbf4920b37d" target="_blank" rel="noreferrer noopener">Mapping The Market </a>online tool.<br> <br> <br> <br> Visitors to the CoreLogic website can click on coloured areas on a map of New Zealand to see the median values of homes in any suburb.<br> <br> <br> <br> The firm says that drawing on millions of data-points users can get an instant snapshot of the market and find locations with homes that fit their budget; as well as see how prices have changed on a year ago.<br> <br> <br> <br> The New Zealand Green Building Council wants the Government to stop the use of gas and coal in the construction of new buildings. <br> <br> <br> <br> The Green Building Council’s 500 members say that without these measures the Government will fail to reach net zero carbon emissions by 2050. Council chief executive Andrew Eagles also says energy efficiency labels should be mandatory on existing buildings of more than 1000 square metres.<br> <br> <br> <br> KiwiBuild’s plan to build homes in Queenstown has been welcomed, but the town’s mayor says they need to be made cheaper for local people to afford.<br> Housing Minister Megan Woods says 105 homes are to be built there and will cost $650,000 to buy. Queenstown Lakes mayor Jim Boult wants to see homes priced at $350,000. The average price for a home in Queenstown is $1.2m.<br> <br> <br> <br> Auckland Council is turning its attention to property owners who are not connected to the city sewer system. The council wants property owners with their own stage systems to provide inspection and maintenance records to them. Inspections have started on Waiheke and the Waitakeres.<br> <br> <br> <br> Ever wonder where the money comes from when you apply for a mortgage? The Social Credit Party conducted a face-to-face survey with 400 people in main centres across the country and asked where New Zealand’s money comes from.<br> <br> <br> <br> Twenty percent thought it came from the government, and a similar number thought it came from overseas; 17 percent had no idea, and 44 percent thought it came from commercial banks — but didn’t know where those banks got it from.<br> <br> <br> <br> Amanda Vickers of the Social Credit Party says the way money is created continues to surprise people. She says banks create money when they make loans by entering amounts into computers. According to the Social Credit Party’s survey just 2.8 percent of respondents knew this.<br> <br> <br> <br> A report from property valuation firm QV.co.nz says the first month of spring hasn’t brought about the lift in real estate activity many people were expecting. QV General Manager David Nagel says September normally brings about a surge in market activity as vendors decide to list their properties.<br> <br> <br> <br> He says many parts of the country are still short of property listings and this has contributed to the September results which show limited property valuation growth in the major centres.<br> <br> <br> <br> According to QV the average value nationally has increased 2.4% year on year to just over $691,000.<br> <br> <br> <br> David Nagel says the residential markets of our main cities continue to struggle with Auckland, Hamilton, Tauranga, Wellington and Christchurch all showing a three month value changes of less than 1%. Dunedin is the only exception with 2.9% quarterly value growth.<br> <br> <br> <br> Industry lobbying organization the Real Estate Institute wants the property management industry to be regulated.<br> <br> <br> <br>
