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Property Market Stories - Page 22

Kiwi Stories

Property Market stories

Will Auckland’s house prices crash like Sydney’s?
Migration

Will Auckland’s house prices crash like Sydney’s?

Auckland owners face weaker values for longer, but CoreLogic says the city lacks Sydney’s apartment glut and crash risk remains limited.

By Michael Curreen • 4 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
New Zealand’s busiest property markets revealed
NZD

New Zealand’s busiest property markets revealed

Affordability and tight supply are driving activity in cheaper districts, with Tararua, Waipa and Selwyn topping the turnover rankings.

By Michael Curreen • 3 min read • Tue, 9th Jul 2019
Success of Unitary Plan sets the tone for housing market
Law

Success of Unitary Plan sets the tone for housing market

Auckland’s more permissive zoning is helping ease prices, widen lending and give first-time buyers a better shot at home ownership.

By Michael Curreen • 5 min read • Tue, 9th Jul 2019
Flexible workspace leader launches franchise programme
Hybrid & Remote Work

Flexible workspace leader launches franchise programme

New Zealand operators can now tap a fast-growing office market as two thirds of large corporates plan flexible space use.

By Michael Curreen • 4 min read • Tue, 2nd Jul 2019
First home buyers make over half of purchases in these suburbs
Property Market

First home buyers make over half of purchases in these suburbs

Affordability is pushing first home buyers to dominate purchases in several New Zealand suburbs, with some taking more than 60% of sales.

By Michael Curreen • 4 min read • Sun, 30th Jun 2019
New skyscraper unveiled in Auckland
Skycity

New skyscraper unveiled in Auckland

It will add 226 apartments and a 233-room hotel to downtown Auckland as demand for CBD homes outstrips supply, with completion due in 2024.

By Michael Curreen • 4 min read • Sun, 23rd Jun 2019
What can New Zealand learn from the Australian budgets?
Oil and Gas

What can New Zealand learn from the Australian budgets?

Sydney and Brisbane are set for a wave of transport works, as state budgets channel billions into roads, rail and hospitals despite softer revenues.

By Staff Writer • 10 min read • Wed, 19th Jun 2019
Effects of the foreign buyer ban
Law

Effects of the foreign buyer ban

Property demand in Auckland and Queenstown has softened after the ban, with foreign purchases plunging 81% in the first quarter.

By Michael Curreen • 3 min read • Tue, 18th Jun 2019
Turangi confirmed as NZ’s 'biggest riser'
Not for profit

Turangi confirmed as NZ’s 'biggest riser'

Home buyers have driven Turangi's median property value up 41% in a year, leaving it at NZD $260,000.

By Michael Curreen • 2 min read • Tue, 11th Jun 2019
Plans revealed for Melbourne’s tallest timber tower
Sustainability

Plans revealed for Melbourne’s tallest timber tower

Melbourne office tenants could soon get the city’s first premium timber tower, with GPT aiming to complete the Frame project in late 2021.

By Michael Curreen • 3 min read • Mon, 10th Jun 2019
New Zealand’s best and worst performing suburbs
Statistics NZ

New Zealand’s best and worst performing suburbs

Auckland's market weakness is dragging New Zealand house prices sideways, with suburbs still showing sharp gains in the regions and losses on the North Shore.

By Michael Curreen • 5 min read • Tue, 4th Jun 2019
How will the tax ring-fence effect investor behaviour?
Trends & Predictions

How will the tax ring-fence effect investor behaviour?

Many landlords may simply hold properties longer or pass them on, as the proposed ring-fence is unlikely to slash rental stock or confidence.

By Michael Curreen • 4 min read • Fri, 31st May 2019
Which Auckland properties are dropping in value?
Property Market

Which Auckland properties are dropping in value?

Auckland City and the North Shore are weighing on the market, with average property values down 1.5% over the past year.

By Michael Curreen • 4 min read • Thu, 23rd May 2019
What the Reserve Bank’s official cash rate cut means for property
Bank of New Zealand

What the Reserve Bank’s official cash rate cut means for property

Borrowers could see lower mortgage rates after the Reserve Bank cut the official cash rate to 1.5% and hinted at another fall this year.

By Michael Curreen • 2 min read • Wed, 15th May 2019
Bitcoin house sale first of its kind in New Zealand
Crypto

Bitcoin house sale first of its kind in New Zealand

Auckland vendors are offering a $1.2 million home for Bitcoin, in a potential first cryptocurrency property deal for New Zealand.

By Michael Curreen • 3 min read • Fri, 10th May 2019
New Zealand house prices might be going up more than you think
Bank of New Zealand

New Zealand house prices might be going up more than you think

Auckland’s weakness is masking stronger gains elsewhere, with provincial house values rising 8.2% over the year and interest rates low.

By Michael Curreen • 6 min read • Tue, 7th May 2019
Does the NZ property market think it’s still 2018?
Bank of New Zealand

Does the NZ property market think it’s still 2018?

Auckland's weaker market is likely to drag on national property sales, even as CoreLogic sees New Zealand prices edging up about 3% this year.

By Michael Curreen • 3 min read • Fri, 3rd May 2019
How Takapuna became Auckland’s fastest growing suburb
Auckland Council

How Takapuna became Auckland’s fastest growing suburb

House prices in Takapuna surged 30% to NZD $1.3 million, as council-led upgrades and new apartments fuel demand in Auckland’s bayside hub.

By Michael Curreen • 4 min read • Sun, 28th Apr 2019