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Property Market Stories - Page 11

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Property Market stories

Property sales up pre-election
Bank of New Zealand

Property sales up pre-election

Buyers and sellers are returning to the market as September sales rose 5.1% year-on-year and homes sold in fewer days, REINZ said.

By Michael Curreen • 7 min read • Fri, 13th Oct 2023
House prices rising in 30% of suburbs
National Party

House prices rising in 30% of suburbs

A growing number of New Zealand suburbs are edging back into growth, though affordability and higher mortgage rates are likely to cap gains.

By Michael Curreen • 4 min read • Sun, 24th Sep 2023
REINZ numbers show positive outlook for property
Northland

REINZ numbers show positive outlook for property

More stock and faster sales suggest the housing market may be turning a corner before spring, despite higher rates and election uncertainty.

By Michael Curreen • 7 min read • Thu, 14th Sep 2023
House prices up for first time since downturn
Northland

House prices up for first time since downturn

National home values have edged up 0.5% this quarter, but most cities are still below year-ago levels as demand stays patchy.

By Michael Curreen • 13 min read • Mon, 11th Sep 2023
Foreign buyer housing policy grabs attention of offshore billionaires
Taxation

Foreign buyer housing policy grabs attention of offshore billionaires

Enquiries from wealthy offshore buyers have surged, with agents predicting a flood of luxury property money if the policy is introduced.

By Michael Curreen • 4 min read • Sun, 3rd Sep 2023
Commercial property insights Q2 2023
eCommerce

Commercial property insights Q2 2023

Vacancies fell and rents rose in key centres as demand for quality office, retail and industrial space stayed firm across New Zealand.

By Michael Curreen • 4 min read • Tue, 29th Aug 2023
Reserve Bank taking ‘wait and see’ approach
Bank of New Zealand

Reserve Bank taking ‘wait and see’ approach

Borrowers facing repricing will welcome a stable OCR, with the Reserve Bank now signalling cuts may not come until early 2025.

By Michael Curreen • 3 min read • Fri, 18th Aug 2023
Home buyers out in force… vendors not so much
Inflation

Home buyers out in force… vendors not so much

Buyer activity is lifting sales, but thin stock and election jitters are keeping many sellers off the market, REINZ says.

By Michael Curreen • 7 min read • Tue, 15th Aug 2023
Auckland CBD’s Farmers building hits the market
Property Market

Auckland CBD’s Farmers building hits the market

The sale could draw strong investor interest, as the landmark Queen Street site brings in GBP £2.68 million a year and is fully leased.

By Michael Curreen • 4 min read • Tue, 8th Aug 2023
Agent lifts lid on luxury property industry
Smart Home

Agent lifts lid on luxury property industry

Offshore demand is fuelling more lavish additions to New Zealand's priciest homes, from gold taps to hidden bars and high-tech wardrobes.

By Michael Curreen • 4 min read • Wed, 2nd Aug 2023
When will people start moving house again?
Hybrid & Remote Work

When will people start moving house again?

Buyer confidence is expected to lift mover activity in the coming quarters, but high mortgage rates may keep house moves subdued for now.

By Michael Curreen • 5 min read • Thu, 27th Jul 2023
Property sales up but sellers hesitant
Property Market

Property sales up but sellers hesitant

Sales rose 14.6% year on year in June, but fewer new listings left buyers facing a tighter market as sellers held back.

By Michael Curreen • 6 min read • Fri, 14th Jul 2023
Housing market in state of ‘heightened volatility’
National Party

Housing market in state of ‘heightened volatility’

Low sales volumes are making New Zealand house-price falls swing sharply from month to month, QV says, even as declines ease overall.

By Michael Curreen • 16 min read • Tue, 11th Jul 2023
How are NZ’s commercial property markets faring this year?
eCommerce

How are NZ’s commercial property markets faring this year?

Vacancies are tightening and rents rising in New Zealand’s top cities, with industrial property remaining the strongest segment this quarter.

By Michael Curreen • 5 min read • Tue, 27th Jun 2023
Home sales record first annual increase in two years
Bank of New Zealand

Home sales record first annual increase in two years

Tighter stock on the market and a 7.5% rise in sales point to New Zealand housing volumes finally bottoming out after a long slump.

By Michael Curreen • 3 min read • Fri, 23rd Jun 2023
Sales volumes rise in the regions – latest REINZ figures
Northland

Sales volumes rise in the regions – latest REINZ figures

Regional housing markets are regaining confidence as eased lending rules and steadier rates lifted May sales in seven areas, REINZ said.

By Michael Curreen • 7 min read • Fri, 16th Jun 2023
More mortgage enquiries after LVR rise
Bank of New Zealand

More mortgage enquiries after LVR rise

First-home buyers are returning to lenders as looser loan-to-value rules give them more room to qualify for a mortgage.

By Michael Curreen • 3 min read • Wed, 7th Jun 2023
Have yields peaked with OCR raises?
Supply Chain

Have yields peaked with OCR raises?

Property investors may see yields stabilise soon, as the Reserve Bank of New Zealand signals its Official Cash Rate has peaked and cuts loom.

By Michael Curreen • 5 min read • Tue, 6th Jun 2023