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Property Market Stories - Page 18

Kiwi Stories

Property Market stories

Home Start grant update a priority for summer market
Property Market

Home Start grant update a priority for summer market

Only a third of New Zealand homes now qualify for the Home Start grant, intensifying calls to lift price caps before summer buying picks up.

By Michael Curreen • 2 min read • Fri, 20th Nov 2020
Property market running red hot with listings alarmingly light
Northland

Property market running red hot with listings alarmingly light

Listings fell to record lows as buyers pushed Auckland’s median house price to GBP £1 million and nationwide sales hit a 14-year October high.

By Michael Curreen • 12 min read • Fri, 13th Nov 2020
Suburban apartments overtake CBD
Auckland Council

Suburban apartments overtake CBD

Albany has become Auckland’s top apartment market, with suburban projects taking more than two-thirds of sales as CBD demand slumps.

By Michael Curreen • 6 min read • Fri, 6th Nov 2020
Property values rising faster than pre-COVID levels
Trade Me

Property values rising faster than pre-COVID levels

Nationwide house prices climbed 1.3% in October as low rates and scarce listings kept demand ahead of supply.

By Michael Curreen • 7 min read • Fri, 30th Oct 2020
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
End of the brain drain and Kiwi returnees offset migration losses
Statistics NZ

End of the brain drain and Kiwi returnees offset migration losses

Lower migration losses are still propping up housing demand, though CoreLogic says border closures will eventually curb population growth.

By Staff Writer • 3 min read • Sun, 18th Oct 2020
Most properties sold in 42 months
Property Market

Most properties sold in 42 months

House sales jumped to a 42-month high in September, with low borrowing costs and scarce listings driving record prices nationwide.

By Staff Writer • 11 min read • Tue, 13th Oct 2020
Global house prices defy pandemic
Housing

Global house prices defy pandemic

House prices in major cities have held firm through the downturn, though UBS warns falling rents and weaker incomes could trigger a correction.

By Staff Writer • 2 min read • Sun, 11th Oct 2020
Property market enters spring on the up
Bank of New Zealand

Property market enters spring on the up

Nationwide property values rose 0.8% in September as low rates and scarce listings kept demand firm despite the economic downturn.

By Staff Writer • 6 min read • Thu, 1st Oct 2020
World’s most expensive property markets in 2020
Property Market

World’s most expensive property markets in 2020

Hong Kong tops the global list for home prices, with an average residential property costing USD $1.23 million despite pandemic uncertainty.

By Michael Curreen • 2 min read • Fri, 25th Sep 2020
Will house prices continue to rise as we enter recession?
Hybrid & Remote Work

Will house prices continue to rise as we enter recession?

Record house prices and strong sales are fuelling doubts over Treasury’s forecast of a 5% fall by June next year.

By Michael Curreen • 8 min read • Sun, 20th Sep 2020
August high for Auckland property despite lockdown
Property Market

August high for Auckland property despite lockdown

Lockdown failed to cool Auckland’s housing market, as August sales hit a five-year high and prices reached fresh records.

By Staff Writer • 3 min read • Tue, 15th Sep 2020
The COVID-19 impact on NZ market dynamics
Hybrid & Remote Work

The COVID-19 impact on NZ market dynamics

Auckland landlords and developers now face slower office demand and delayed projects as COVID-19 and recession fears cloud the recovery.

By Staff Writer • 6 min read • Thu, 10th Sep 2020
The shift away from CBDs – an Auckland case study
Hybrid & Remote Work

The shift away from CBDs – an Auckland case study

Takapuna could gain from a post-lockdown office shuffle as workers seek cheaper space and more home working weighs on Auckland's CBD.

By Michael Curreen • 3 min read • Tue, 8th Sep 2020
Flexible office revenue drops 13%
Hybrid & Remote Work

Flexible office revenue drops 13%

Footfall at co-working centres plunged as lockdowns slashed use, even though flexible offices are expected to regain ground after the pandemic.

By Staff Writer • 2 min read • Sun, 6th Sep 2020
Mortgage lending tightens up after peaking in July
Bank of New Zealand

Mortgage lending tightens up after peaking in July

Tighter lending criteria and renewed virus restrictions are likely to cool mortgage demand after July’s NZD $6.6 billion peak.

By Staff Writer • 3 min read • Thu, 3rd Sep 2020
Spring looking up as lockdown lifts
Trade Me

Spring looking up as lockdown lifts

Pent-up demand is expected to lift sales as Aucklanders return to the market after nearly three weeks in lockdown.

By Michael Curreen • 2 min read • Tue, 1st Sep 2020
Australia house prices to drop 10%, will New Zealand be next?
Property Market

Australia house prices to drop 10%, will New Zealand be next?

ANZ sees a deep slump in dwellings as Covid headwinds, job losses and weak investor demand push construction and prices lower.

By Staff Writer • 3 min read • Thu, 27th Aug 2020
Rental market winners and losers
GFC

Rental market winners and losers

Rents are falling in Queenstown and other pockets, but most areas are still posting gains as the recession deepens and job losses loom.

By Michael Curreen • 3 min read • Tue, 25th Aug 2020