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First home buyers increase market share amid housing downturn
Bank of New Zealand

First home buyers increase market share amid housing downturn

Higher borrowing costs have not stopped New Zealand first home buyers lifting their share of purchases to 24% as prices ease.

By Staff Writer • 5 min read • Mon, 14th Nov 2022
Well-timed relief for first home buyers
Property Market

Well-timed relief for first home buyers

Tighter lending and higher mortgage costs have pushed first home buyers to a seven-year low, even as government support rules are loosened.

By Michael Curreen • 8 min read • Sun, 22nd May 2022
What have two years of Covid taught us about property?
Property Market

What have two years of Covid taught us about property?

Sharp falls never came, but tighter credit and rising mortgage rates now threaten to turn New Zealand's Covid-era property boom into a buyer's market.

By Michael Curreen • 5 min read • Thu, 24th Mar 2022
Property resale gains high across the board
Property Market

Property resale gains high across the board

Record resale profits are still spreading nationwide, with 99.3% of homes sold in Q4 2021 making a gross gain, CoreLogic says.

By Michael Curreen • 4 min read • Fri, 25th Feb 2022
First-home buyers not put off by rising mortgage rates
Bank of New Zealand

First-home buyers not put off by rising mortgage rates

Record rents are keeping first-home buyers in the market, with mortgage payments still cheaper than paying to rent for many Kiwis.

By Michael Curreen • 8 min read • Fri, 26th Nov 2021
Vendors continue to achieve record resale results
Property Market

Vendors continue to achieve record resale results

Record-low losses and near-universal gains in New Zealand’s housing market are being driven by tight supply, strong demand and cheap borrowing.

By Michael Curreen • 6 min read • Fri, 19th Nov 2021
Property sellers make an average gain of $347k
Bank of New Zealand

Property sellers make an average gain of $347k

Nearly all New Zealand homes sold for a profit in the June quarter, as record-low mortgage rates and tight listings drove gains.

By Michael Curreen • 6 min read • Wed, 25th Aug 2021
First home buyers losing hope
Bank of New Zealand

First home buyers losing hope

Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.

By Michael Curreen • 7 min read • Tue, 18th May 2021
Property market shows signs of slowing
Hybrid & Remote Work

Property market shows signs of slowing

Signs of cooling are emerging as quieter open homes and more auctions passing in are expected to slow gains after a red-hot year.

By Michael Curreen • 10 min read • Fri, 7th May 2021
Return of LVRs a cruel blow to first home buyers
Bank of New Zealand

Return of LVRs a cruel blow to first home buyers

Record-low rates have lifted first home buyers to a 25% market share, but reimposed lending curbs could force many out again.

By Michael Curreen • 3 min read • Mon, 26th Oct 2020
Does Auckland CBD have a future?
Hybrid & Remote Work

Does Auckland CBD have a future?

Auckland’s central city is set to benefit from the $5b City Rail Link, with property values, investment and demand for quality offices holding up.

By Michael Curreen • 4 min read • Sun, 11th Oct 2020
Which property types will provide the best yields?
Risk & Compliance

Which property types will provide the best yields?

Smaller homes may offer investors better returns as weaker price growth puts rental yield back in focus amid uncertainty, CoreLogic says.

By Michael Curreen • 3 min read • Fri, 19th Jun 2020
$75m available for residential development sector
Risk & Compliance

$75m available for residential development sector

Affordable townhouse projects in Auckland will get a lift as the non-bank lender commits GBP £75 million to new residential developments.

By Michael Curreen • 4 min read • Wed, 10th Jun 2020
Why the average new home size is shrinking
Data Analytics

Why the average new home size is shrinking

Statistics NZ said smaller standalone houses and more multi-unit builds have pushed the average floor area of new homes down 21% in a decade.

By Michael Curreen • 3 min read • Mon, 16th Mar 2020
Property growth slow and steady… for now
Bank of New Zealand

Property growth slow and steady… for now

House price growth is expected to remain modest as easing lending conditions and strong migration support demand, but listings stay tight.

By Michael Curreen • 4 min read • Thu, 17th Oct 2019
What’s happening in the apartment market?
Property Market

What’s happening in the apartment market?

Top-end flats are showing some weakness, even as most apartment prices move broadly in line with the wider property market.

By Michael Curreen • 3 min read • Fri, 4th Oct 2019
Takapuna’s decade-long argument settled
Data Analytics

Takapuna’s decade-long argument settled

Auckland Council has approved a 3,200sqm town square in Takapuna, paving the way for a $7 million revamp of Anzac Street carpark.

By Michael Curreen • 5 min read • Tue, 23rd Jul 2019
Number of new houses nearing record high
Migration

Number of new houses nearing record high

New dwelling consents are still climbing despite labour and materials constraints, with Auckland’s smaller homes now outpacing standalone houses for the first time.

By Michael Curreen • 3 min read • Thu, 18th Jul 2019