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Property Market Stories - Page 12

Kiwi Stories

Property Market stories

Earthquake-prone building rules under review
Real estate

Earthquake-prone building rules under review

Buildings may get longer deadlines as ministers weigh safety against the cost of seismic upgrades and mortgage pressure on owners.

By Michael Curreen • 4 min read • Fri, 21st Jun 2024
Different cities see small drops and gains in house prices
Real estate

Different cities see small drops and gains in house prices

Auckland and Wellington weakened again in May as high mortgage rates and plenty of listings kept the national housing market subdued.

By Michael Curreen • 5 min read • Thu, 6th Jun 2024
Tough economic conditions blamed for stagnant property market
Real estate

Tough economic conditions blamed for stagnant property market

Buyer interest has cooled across New Zealand, with searches per listing down 10.4% as high rates and recession fears deter house hunters.

By Michael Curreen • 5 min read • Tue, 30th Apr 2024
Borrowers bet on rate cuts by locking in short-term mortgages
Real estate

Borrowers bet on rate cuts by locking in short-term mortgages

Higher costs now are prompting borrowers to favour one-year deals, even as CoreLogic says that bets on lower mortgage rates are building.

By Michael Curreen • 4 min read • Fri, 26th Apr 2024
Property market ‘clearly more active’ than this time last year
Real estate

Property market ‘clearly more active’ than this time last year

More listings and higher sales in March suggest New Zealand’s housing slump has passed its low point, with buyers gaining choice.

By Michael Curreen • 8 min read • Tue, 16th Apr 2024
Housing market off to a sluggish start this year
Real estate

Housing market off to a sluggish start this year

A glut of listings and high borrowing costs are keeping prices flat, with Auckland edging lower and buyers enjoying more choice.

By Michael Curreen • 11 min read • Tue, 9th Apr 2024
CoreLogic predicts 5% rise in house prices this year
Real estate

CoreLogic predicts 5% rise in house prices this year

High mortgage rates and weak sales are keeping the housing market subdued, even as CoreLogic sees prices rising about 5% this year.

By Michael Curreen • 5 min read • Sun, 3rd Mar 2024
Is our aversion to debt holding us back?
Taxation

Is our aversion to debt holding us back?

Record demand for New Zealand government bonds suggests ministers could borrow cheaply to tackle a $100 billion infrastructure gap.

By Staff Writer • 15 min read • Mon, 26th Feb 2024
Real estate listings up but sales down
Real estate

Real estate listings up but sales down

More homes are coming to market, but cautious buyers and slower winter-style activity have kept January sales below expectations.

By Michael Curreen • 6 min read • Sun, 18th Feb 2024
House prices back on the rise
Real estate

House prices back on the rise

New Zealand’s housing recovery gathered pace last quarter, with national average prices up 2% and only Invercargill recording a fall.

By Michael Curreen • 11 min read • Tue, 13th Feb 2024
Renewed optimism for commercial property in 2024
Real estate

Renewed optimism for commercial property in 2024

Lower interest rates and firmer buyer-seller pricing are expected to lift commercial property sales after a weak 2022-23.

By Michael Curreen • 4 min read • Thu, 8th Feb 2024
New Zealand’s most expensive housing market hits new record
Real estate

New Zealand’s most expensive housing market hits new record

Central Otago Lakes District’s average asking price has jumped 19.3% year on year, underscoring a lifestyle-driven surge in regional demand.

By Michael Curreen • 4 min read • Sun, 4th Feb 2024
Momentum re-building in property market
Real estate

Momentum re-building in property market

Sales activity picked up in December as lower days to sell and firmer prices signalled the property market may be moving into a more positive phase.

By Michael Curreen • 9 min read • Thu, 25th Jan 2024
Was 2023 the year of the property market correction?
Real estate

Was 2023 the year of the property market correction?

Falling asking prices and fewer new listings pushed the total value of homes for sale down nearly a quarter, data from realestate.co.nz showed.

By Michael Curreen • 4 min read • Mon, 22nd Jan 2024
Paerata Rise homes perform well at House of the Year awards
Housing

Paerata Rise homes perform well at House of the Year awards

Five Paerata Rise builders placed in the top 100 nationwide, with Capital Homes taking first at the 2023 Registered Master Builders Awards.

By Michael Curreen • 2 min read • Thu, 18th Jan 2024
Coromandel bucks trend as national property listings decline
Real estate

Coromandel bucks trend as national property listings decline

National new listings fell to a 16-year low in December, but Coromandel bucked the trend with a 21.9% rise.

By Michael Curreen • 4 min read • Tue, 16th Jan 2024
Housing market activity picks up ahead of summer
Real estate

Housing market activity picks up ahead of summer

Sales and new listings jumped in November, with REINZ saying the housing market is showing signs of renewed confidence ahead of Christmas.

By Michael Curreen • 4 min read • Sun, 17th Dec 2023
Rents increasing twice as much as normal
Real estate

Rents increasing twice as much as normal

New data show annual rent growth hit 6.1% in October, as tight supply and strong migration keep pressure on tenants.

By Michael Curreen • 2 min read • Thu, 7th Dec 2023
Certainty breeds confidence
Housing

Certainty breeds confidence

More vendors returned to the market in November as government and OCR certainty lifted buyer confidence and steadied asking prices.

By Michael Curreen • 4 min read • Sun, 3rd Dec 2023