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6 Oct 2024 17:34
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      Home > News > Business

    Optimism over a new underwriting scheme - set up to stimulate housing construction

    Optimism over a new underwriting scheme - set up to stimulate housing construction

    4 October 2024
    The Residential Development Underwrite finances eligible developers - for projects with at least 30 houses

    It's intended to speed up the developments during the economic downturn and for buyers entering the market as interest rates drop.

    New Zealand Certified Builders chief executive Malcolm Fleming says builders working on stalled projects will immediately benefit.

    Meanwhile, he says architects and designers will benefit from the not-yet-designed greenfield site projects - as many have been actively looking for work.

    © 2024 Newstalk ZB, NZCity


     Other Business News
     06 Oct: Who should pay when building or repairing a shared fence?
     06 Oct: Scam victims are being urged to be vigilant for potential future recovery scams
     06 Oct: NZTA says State Highway 1 is under stop go traffic management near Tuamarina, between Blenheim and Picton -and could close fully later this morning - after a serious crash
     06 Oct: Interest rates are continuing to fall, but house prices are yet to rise
     05 Oct: Emergency Management Otago's priority is now restoring access and services to isolated communities
     05 Oct: The Reserve Bank board has plenty to think about this weekend, as it weighs up whether to cut the Official Cash Rate
     04 Oct: Shane Reti's backing Health New Zealand bosses -- despite the agency reporting a deficit of nearly a billion dollars for the past financial year
     Top Stories

    RUGBY RUGBY
    To Trafalgar Park in Nelson More...

    BUSINESS BUSINESS
    Who should pay when building or repairing a shared fence? More...


     Today's News

    		 Rugby:
    To Trafalgar Park in Nelson 17:27

     Politics:
    The Government's hoping for an infrastructure boom as it unveils a list of 149 projects up for fast tracking 17:17

     International:
    Five Israeli strikes hit Beirut's south as IDF says it will retaliate against Iran in its own time 16:57

     Accident and Emergency:
    Police are responding to serious single vehicle crash on the Waikato Expressway at Huntly 16:57

     Netball:
    An expectation for the Silver Ferns to be back to their fighting best in tonight's dead-rubber third Taini Jamison Trophy test against England in Invercargill 16:27

     Accident and Emergency:
    New Zealand Defence Force personnel are on their way to Samoa, to help the clean-up and aid the crew of the sunken HMNZS Manawanui 16:17

     Law and Order:
    One person's assisting with Police enquiries after a violent assault in Central Wellington this morning 14:57

     Law and Order:
    A woman who was assaulted in September has died in hospital 14:27

     Rugby League:
    After playing together as teenagers, Penrith Panthers halves Jerome Luai and Nathan Cleary are in for their last ride together as they battle the Melbourne Storm in tonight's NRL Grand Final 14:27

     Entertainment:
    Garth Brooks has been accused of sexual assault and battery by a former makeup artist 14:09

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