Articles tagged with 'REINZ'
Confidence returning to the housing market slowly
15 June 2023 - Some parts of the country are showing an increase in sales while buyers and sellers in other parts continue to wait, the latest REINZ data show.
Market keeps getting worse as sales collapse
11 May 2023 - House sales slumped to their lowest in 31 years last month, excluding 2020.
Snail’s pace for new listings
2 May 2023 - New house listings last month were down 18.9% nationally, while stock remained up in almost all regions compared to April last year, data from realestate.co.nz show.
March better but housing still in the doldrums
18 April 2023 - March was a somewhat perkier month for the housing market, after a particularly weak February.
Broad support for regulation of property mangers
23 November 2022 - Next year’s introduction of a Government bill to regulate property managers has been a long time coming, says the Real Estate Institute of New Zealand (REINZ).
One way traffic for REINZ housing report
13 September 2022 - The run of play in the housing market continues to be largely in one direction, the latest data from REINZ reveal.
Housing market continues to take a battering
15 June 2022 - It was another bloodbath in the housing market during May, according to the latest REINZ market data.
FOMO haunts property buyers
20 October 2021 - Fear of missing out (FOMO) is rising in the residential property market. Sally Lindsay reviews the figures from Tony Alexander and REINZ.
REINZ want healthy homes deadline extended
18 October 2021 - A 90-day extension on the timeframe for Healthy Homes compliance has been called for by REINZ.
REINZ: House prices nationwide continue cooling
14 October 2021 - The pace of median house price growth continues to slow, the latest REINZ data show.
Bulletproof house prices continue to climb
14 September 2021 - August’s lockdown threw up some surprising results in the housing market. While sales were down 26.5% from last August, house price growth hit a new record of 31.1% across the country.
Lockdowns don’t stop market rumbling on
3 September 2021 - Enthusiasm for buying houses has not been dampened by lockdowns.
Housing shortage pumps prices
31 August 2021 - Pressure is still being put on house prices, despite the Government introducing policies aimed at dampening the market and the country’s Covid lockdown.
Regional Insights report: Auckland market cools most
23 August 2021 - The pace of Auckland average house price increases has slowed far greater than the countrywide average.
Housing market: Still hot but cooling
13 August 2021 - There is still plenty of heat left in the housing market, although there are signs it is cooling, writes Sally Lindsay.
Stock shortages, prices boom
2 August 2021 - Winter’s chill isn’t cooling the market, writes Sally Lindsay.
Dire shortage of properties for sale
14 July 2021 - The total number of properties for sale across the country dropped by 33.3% last month. The second lowest level of inventory ever, REINZ data shows.
West Coast best bet for investors
29 June 2021 - Residential property investors have been given a steer on where to invest – and it’s not Auckland.
Housing sales drop, prices race ahead
15 June 2021 - Mixed signals are apparent in the latest data on the strength of the housing market.
Market finally shows signs of cooling
3 June 2021 - House price growth is starting to cool, dropping to 2.2% over May and down from 3.1% in April.
House prices haven’t dropped yet – new records set
13 May 2021 - Records for house prices have been set yet again despite the lowest number of houses available for sale during an April month since records began.
House prices and numbers sold soar
13 March 2021 - The number of houses sold across the country last month skyrocketed by 14.6% to the highest level in 14 years, the latest data from the real estate institute (REINZ) shows.
Strong market attracting investors
4 November 2020 - There has been a jump in investor demand and activity over the last month, according to the latest REINZ/Tony Alexander survey of real estate agents.
COMMENT: Is a post-election market surge likely?
20 October 2020 - Will the 2020 post-election period see the usual effect on housing, or will it be another anomaly, asks REINZ chief executive Bindi Norwell.
Something’s gotta give on prices
16 October 2020 - House prices are on a relentless march upwards and BNZ is warning that “over-zealous investors” could push them to non-sustainable levels.
LVR limits will return for investors
16 October 2020 - The odds of LVR restrictions returning for investors next year are "fairly high" due to the strength of the residential property market, according to economist Tony Alexander.
Market correction? Don’t hold your breath.
14 October 2020 - The economic fallout from Covid-19 was supposed to lead to a housing market correction. It hasn’t – and now ASB says prices are only going to keep climbing.
Sales, prices skyrocket in defiant market
13 October 2020 - It’s official: New Zealand’s housing market is going crazy – and the skyrocketing prices have left economists revising their forecasts and worried it heralds a new bubble.
No sign of investor exodus
8 October 2020 - It looks as though residential landlords are not exiting the market in droves as a result of the Government’s tenancy law reforms and other investor-focused policy changes.
Tenancy reforms, tax changes would go under National
5 October 2020 - Getting rid of the Government’s tenancy law reforms and tax changes that impact on rental property owners are a key feature of the National Party’s new housing policy.
Labour plans to regulate property managers
2 October 2020 - Property managers will be regulated and subject to a Code of Conduct to ensure they meet professional standards if the Labour Party returns to power after the election.
Southland is tops for investors
25 September 2020 - It seems you can’t just beat Southland for high performing investment properties, with the region coming up trumps yet again in a new REINZ report.
New renters' guide for tenants
23 September 2020 - Far too many tenants are not aware of their obligations around their rental property so a new guide aims to spell out what they need to know and do.
High demand keeps pushing prices up
18 September 2020 - Treasury might be expecting house prices to fall - but market data suggests otherwise, with Trade Me Property’s August data the latest to show rising prices and high demand.
Covid be damned – the market is booming
11 September 2020 - Those who were anticipating a Covid-prompted housing market collapse got it wrong with the latest REINZ data revealing strong growth in prices and sales.
Interest rates not bargains driving investors
9 September 2020 - Investors’ hopes of picking up a property bargain in the post-Covid market are fading, the latest joint survey from REINZ and economist Tony Alexander reveals.
Where are properties selling most above CVs?
4 September 2020 - Auckland’s residential property prices might be on the rise again, but it’s actually the region where properties are currently selling closest to their CV*.
Steady Southern star
31 August 2020 - Covid-19 and the closure of Tiwai Point might pose some challenges for Invercargill but the southern city’s market still has a lot to offer investors, writes Miriam Bell
Mortgage deferral scheme extended to March
17 August 2020 - The Reserve Bank has confirmed the mortgage deferral scheme will be extended until March next year following the second Covid-19 prompted lockdown in Auckland.
Covid-19 return could derail market boom
14 August 2020 - The housing market was booming in July with price and sales up nationwide, new REINZ data shows, but the return of Covid-19 raises questions of how the market will fare going forward.
The return of Covid-19: what it means for landlords
12 August 2020 - After 102 days, Covid-19 is back and that means Auckland is returning to alert level three, while the rest of New Zealand will go to alert level two, on Wednesday. So what does that mean for landlords?
New rental laws will have unexpected outcomes
6 August 2020 - Watch out – some of the tenancy reforms now set to become law will have unintended consequences and cause more harm than good, REINZ is warning.
COMMENT: Extend mortgage holidays
27 July 2020 - The Covid-19 prompted mortgage “holiday” scheme is set to end in September but Century 21 New Zealand owner Derryn Mayne is calling for it to be extended.
Home lending jumps in June
24 July 2020 - New mortgage lending jumped to $5.3 billion in June as the market recovered strongly from the Covid-19 lockdown.
Sales, prices surge up - defying expectations
14 July 2020 - The housing market’s post-Covid rebound continued in June with house prices rising further and sales volumes hitting a four year high – but economists are asking if it will last.
Select Committee green lights tenancy law reforms
10 July 2020 - Extreme disappointment is the response of property professionals to the Select Committee report on the Government’s proposed tenancy law reforms which was released this week.
Investors not rushing to sell
9 July 2020 - There is no rush of investors looking to sell their properties in the post-Covid-19 market, according to the second joint survey from REINZ and economist Tony Alexander.
COMMENT: A call to arms
7 July 2020 - Concerned about the Government’s tenancy law reforms? Well, there is now less than a week to speak up about them - so NZ Property Investor editor Miriam Bell urges landlords to make their views heard.
Advisers buoyed by strong property market
6 July 2020 - The New Zealand property market has emerged strongly out of lockdown, according to mortgage advisers, who say they are busy as ever this winter.
Early signs of confidence in property market
1 July 2020 - Tough economic times might lie ahead, but a new report from REINZ shows there are some early signs of confidence in the housing market post-lockdown: [READ...
Signs of confidence but early days yet
30 June 2020 - Tough economic times might be ahead but a new report from REINZ shows there are some early signs of confidence in the housing market post-lockdown.
Tenancy termination ban lifted
18 June 2020 - The end is nigh for emergency tenancy measures introduced during the Covid-19 lockdown with the Government today confirming the measures won’t be extended.
Southland comes up trumps for investors
17 June 2020 - Investors keen to pick up a good deal should look south as a new REINZ report shows that Southland is, once again, the country’s highest performing region for residential property investors.
Positive signs in property market; Re-opening could affect OCR
16 June 2020 - Covid-19 is still impacting on New Zealand’s housing market but there’s some positive signs in REINZ’s latest data, with a clear monthly...
Market feels Covid-19 impact
15 June 2020 - Covid-19 is still impacting on New Zealand’s housing market but there’s some positive signs in REINZ’s latest data, with a clear monthly increase in sales.
Wind up emergency tenancy provisions now - REINZ
12 June 2020 - Emergency tenancy provisions introduced because of Covid-19 are now doing more harm than good so it’s time to bring them to an end, the Real Estate Institute says.
Investors hunt for bargains
10 June 2020 - One in four real estate agents have reported an increase in investor buying activity, according to a new survey from the Real Estate Institute of New Zealand and economist Tony Alexander.
Investors hunt for bargains
10 June 2020 - One in four real estate agents have reported an increase in investor buying activity, according to a new survey from the Real Estate Institute of New Zealand...
Investors hunt for bargains
10 June 2020 - One in four real estate agents have reported an increase in investor buying activity, according to a new survey from the Real Estate Institute of New Zealand and economist Tony Alexander.
Compliance statement deadline extended
2 June 2020 - There’s some relief for struggling landlords with the announcement today that the Healthy Homes Compliance Statement deadline has been extended for an additional five months.
Nelson Building Society cuts rates; Pain in property market
18 May 2020 - Nelson Building Society has made cuts to its home loan rates, including its one year fixed rate, which falls to 3.75%. See the latest rates on offer here...
House sales plummet in lockdown
15 May 2020 - [UPDATED] There was a massive nationwide drop in residential property sales in April while the country was in level four lockdown, new REINZ data reveals.
How Budget 2020 supports the housing market
14 May 2020 - Was Budget 2020 transformational? Experts are debating that now but, whether or not it turns out to be, it does provide some support for the residential property market going forward.
SuperCity sales fall 50% in lockdown
4 May 2020 - Auckland property sales in April were down by 50% on March but the true effect of the lockdown won’t show up until May’s trading data is compiled, according to Barfoot & Thompson.
Private property viewings allowed under level three
23 April 2020 - The property market has received a boost after Housing Minister Megan Woods confirmed that private viewings will be allowed under alert level three.
Private property viewings allowed under level three
23 April 2020 - The property market has received a boost after Housing Minister Megan Woods confirmed that private viewings will be allowed under alert level three.
Life at level three for residential landlords
17 April 2020 - It won’t be a full release from lockdown but moving to alert level three will mean businesses that can operate safely will be able to reopen. So what does that mean when it comes to residential property?
Market strong before turbulence to come
15 April 2020 - Strong price growth and solid demand characterised the pre-lockdown housing market, new REINZ data shows – but the time period covered was the calm before the storm.
Covid-19 crisis: what landlords need to know
25 March 2020 - [UPDATED] The Covid-19 crisis means that New Zealand is now in a State of National Emergency and the nationwide lockdown begins tonight.
Freeze on rent rises introduced - temporarily
23 March 2020 - The Government has introduced a freeze on rent increases on residential rental properties as part of the economic measures announced in the fight against Covid-19 and its impacts.
Put RTA reform proposals on ice
23 March 2020 - Now is not the time for the Government to push through its proposed tenancy law reforms, property market players say.
Housing market powers on – for now
12 March 2020 - New Zealand’s housing market resurgence is showcased in new REINZ data which has the national median price at a new record and sales at a four-year high.
Removal of no-cause notice opposed by 45% of tenants
2 March 2020 - It’s not just landlords who are opposed to the removal of the no-cause 90-day notice: a new REINZ survey reveals that close to half of tenants are too.
Tenancy reform submissions due March 25
26 February 2020 - Worried about the government’s tenancy law reforms? You’d better speak up soon because there’s under a month to make a submission on the legislation.
The cost of overstaying tenants
26 February 2020 - Getting tenants to leave a rental property at the end of a tenancy can be problematic. Here’s a new Tenancy Tribunal ruling which serves as yet another example.
RTA reforms pile pressure on landlords
24 February 2020 - Less rental properties and higher rents could result from the reforms contained in the Residential Tenancies Amendment Bill, both Opposition MPs and government officials are warning.
The new face of the NZPIF
20 February 2020 - There’s been a changing of the guard fronting the NZ Property Investors Federation (NZPIF), with the current president taking over as executive officer from Andrew King.
Strong start for market in 2020
18 February 2020 - Auckland’s housing market has surged back into the game with its busiest January in four years, new REINZ data reveals.
Tenancy reform bill hits Parliament
17 February 2020 - Controversial tenancy law reforms, in the form of the Residential Tenancies Amendment Bill, were introduced into Parliament on Monday and property industry players are not happy about it.
REINZ & NZPIF join up to battle RTA changes
16 February 2020 - Concerns about the government’s proposed tenancy law changes are running high and this has prompted REINZ and the NZPIF to join forces to fight them.
New growth cycle for Auckland
4 February 2020 - It’s confirmed: Auckland’s housing market is entering a new growth cycle with Barfoot & Thompson’s latest data revealing a stellar start to the year.
Why house price growth will continue
28 January 2020 - House price inflation is unlikely to radically slow this year after a strong end to 2019, according to leading economist Tony Alexander.
Getting heating right
24 January 2020 - Heating requirements for rental properties are currently a source of confusion for many landlords and property managers so REINZ has issued a reminder of what is required.
Call for apartment law reform petition support
17 January 2020 - The campaign to reform apartment law is heating up once again with National MPs urging property owners to sign a petition calling for changes to the law.
Highest sales in December for three years
16 January 2020 - New Zealand’s property market ended the decade on a high with new REINZ data putting sales at their highest volume in years and median prices up around the country.
Strong market upturn picked for 2020
18 December 2019 - Expect price growth to hit 7% by April 2020 as the housing market continues its emphatic upturn, Westpac’s chief economist says.
Reserve Bank demands improvements from ANZ; Record house prices
13 December 2019 - The Reserve Bank has demanded ANZ makes improvements to its internal processes after a spate of recent scandals: [READ ON] New Zealand’s housing...
Record prices see upturn gathering pace
13 December 2019 - New Zealand’s housing market resurgence continues to gain momentum with the latest REINZ data showing record prices around the country.
Finance clause change to hit home buyers: REINZ
2 December 2019 - Home buyers will no longer be able to use a finance clause to pull out of a property purchase without proof, REINZ has warned.
Finance clause change to hit home buyers: REINZ
2 December 2019 - Home buyers will no longer be able to use a finance clause to pull out of a property purchase without proof, the Real Estate Institute of New Zealand has warned.
Record prices round NZ
14 November 2019 - It looks like the sleeping giant of New Zealand’s housing market could be stirring, with new REINZ data showing that both sales and prices in Auckland are up.
Southland “standout” region for investors
11 November 2019 - Investors looking for both strong capital gains and good rental yields should head to Southland – if they heed the results of new REINZ research.
SuperCity on the rise?
4 November 2019 - Auckland’s housing market saw a noticeable increase in sales in October – and it’s due to an increase in listings, according to Barfoot & Thompson’s managing director.
Tight supply, rising prices
1 November 2019 - A significant year-on-year drop in the total number of houses on the market nationwide could start to drive up asking prices going forward, new Realestate.co.nz data suggests.
House price rally could reduce odds of OCR cut: Westpac
15 October 2019 - A pickup in the housing market could give the Reserve Bank "pause for thought" over further official cash rate cuts, according to Westpac economists.
Return to market form
15 October 2019 - There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
Govt must regulate property managers - REINZ
25 September 2019 - REINZ has stepped up its campaign to introduce national regulation for property managers with the launch today of a new website devoted to the cause.
Sales fall highlights sluggish market
13 September 2019 - The Reserve Bank’s dramatic OCR cut in August was meant to prompt a pick-up in the housing market but new REINZ data shows sales have slumped again.
Housing market confidence growing
26 August 2019 - The housing market could be turning a corner as a new ASB survey shows that price expectations and buyer confidence are both on the rise.
New privacy guidelines welcomed
19 August 2019 - Confusion over what information landlords can ask for when selecting tenants should be eased by a new set of guidelines from the Office of the Privacy Commissioner (OPC).
Stronger market on the cards
13 August 2019 - Those predicting a property market crash might have to reconsider as the latest REINZ data reveals signs of an improving market nationwide, including an increase in sales activity.
Tenants need to know about insurance
7 August 2019 - Take note landlords – if you are worried about liability for tenant damage, the time to talk to your tenants about insurance is now.
Five year low for sales
12 July 2019 - Sales volumes nationwide tumbled to a five year low in June’s REINZ data, highlighting that the heady days of the property market’s boom are winding down.
Mixed post peak value bag - REINZ
10 July 2019 - National property values continue to fall with the rate of annual growth dropping from 3.8% in June 2018 to 1.7% in June 2019, the latest REINZ House Price Index reveals.
Getting end of tenancy clean ups right
5 July 2019 - Confusion over what leaving a property “reasonably clean and tidy” at the end of a tenancy means has prompted a call for prescriptive guidelines from Tenancy Services.
Foreign buyer ban impacts Queenstown Lakes
27 June 2019 - The foreign buyer ban impact was felt the most in Queenstown Lakes, but despite slowing growth, the market has attractive features for buyers, writes Joanna Jefferies.
Servicing tests to slow house price growth
14 June 2019 - Tough serviceability tests from the banks will keep house price growth at "gradual" levels across the country, according to research firm CoreLogic.
Regional markets step up the pace
14 June 2019 - [UPDATED] Price growth in regional housing markets has stepped it up again with Gisborne accelerating at the front of the pack, new REINZ data shows.
Privacy guidelines under review
5 June 2019 - Controversial new Privacy Commissioner guidelines covering the information that landlords should and shouldn’t ask for when selecting tenants have been withdrawn – for now.
A place in the sun
28 May 2019 - Investment in infrastructure and development in Northland means the future looks bright for Whangarei investors – thanks to a tight rental market but affordable prices, writes Miriam Bell.
Credit check ban unreasonable
23 May 2019 - Preventing landlords from running credit checks on prospective tenants - as mandated by new privacy guidelines - is not reasonable, tenancy experts say.
Warning: insulation deadline looming
21 May 2019 - Landlords take note: there’s only 40 days left to insulate rental properties before a $4,000 fine from the Ministry of Business, Innovation and Employment (MBIE) comes into play.
NZ sales on downbound train
14 May 2019 - There’s no escaping the downward trend in sales exposed by new REINZ data but some commentators believe last week’s OCR cut could counter the fall.
Gateway to returns
2 May 2019 - Upper Hutt has long been overlooked as an investment option but its affordable prices, strong yields and tight rental market mean it is now attracting attention, reports Miriam Bell.
COMMENT: Why Takapuna is worth a look
27 April 2019 - It’s no surprise that new REINZ data shows Takapuna’s median house price has climbed 30% over the past year, writes Takapuna Beach Association chief executive Terence Harpur.
Revealed: Auckland hotspots
24 April 2019 - Auckland’s price growth might be flatlining overall but new data shows the SuperCity still has some hot spots where prices are on the rise.
Low mortgage rates vs CGT
16 April 2019 - Plunging mortgage rates will stimulate the housing market but it is the prospect of tax change that will have the bigger market impact, Westpac’s chief economist says.
Auckland sales at lowest since 2008
12 April 2019 - Sales in Auckland plummeted by nearly 20% to the lowest number in a March month for eleven years, new REINZ data reveals - but sales activity nationwide also took a fall.
Sales plunge by nearly 10%
13 March 2019 - Residential property sales nationwide took a big tumble in February – but capital gains tax related uncertainty could be to blame.
Auckland prices at 35 month low
14 February 2019 - The City of Sails’ median price has fallen to its lowest point in over three years although there are still pockets of price growth around the region.
Auckland sales at 10 year low
17 January 2019 - Sales volumes around the country slumped to long time lows in December in the latest REINZ data, providing more evidence of how the market has changed.
2018 – a year of uncertainty
31 December 2018 - If last year was a year of disruption, this year was one in which the movement towards change took off – and many investors were left floundering and uncertain.
2018 an “interesting” year - REINZ
22 December 2018 - Median prices and sales activity turned in a healthy performance around the country over the course of 2018 in an “interesting” year for real estate, according to REINZ.
Summer bounce means record prices
14 December 2018 - House prices hit record highs around the country – apart from in Auckland where they are flat-lining, the November data from REINZ shows.
Long term house price outlook negative: Westpac
15 November 2018 - Current low interest rates are likely to sustain house price growth in the near term, but rising rates from 2020 onwards will trigger a fall in the market, economists at Westpac have warned.
Sales activity bounces back to life
14 November 2018 - The number of sales nationwide was up by 15.5% year-on-year to reach the highest level in five months in October, according to the latest REINZ data.
September sales at 7 year low
11 October 2018 - Sales activity nationwide is down to new lows with new REINZ data showing that September saw the lowest number of properties sold since January.
Calls for property management regulation grow
10 October 2018 - The Government should regulate the property management sector as part of its current reform of the rental market, according to industry insiders.
COMMENT: What “bad tenant” tales are really saying
9 October 2018 - Tales about nightmare tenants have been rife in the media of late but such stories are not new – so does the sudden deluge indicate that landlords have reached breaking point, Miriam Bell asks.
Investor activity subdued in August
26 September 2018 - August data from the Reserve Bank reveals property investors took a smaller share of overall lending, as first-time buyers also slowed slightly.
First Auckland price increase in six months
13 September 2018 - The Auckland housing market has started to stir with new REINZ data showing it saw its first year-on-year price increase for six months in August.
REINZ data suggests
15 August 2018 - Auckland property is becoming increasingly attractive to buyers, according to ASB, after latest REINZ data revealed flattening prices continued into July.
House prices pick up, but volumes low
18 January 2018 - The latest REINZ numbers show that the housing market has turned the corner, but there is a lot of variation around the regions.
PM rules out DTI ratio idea
16 August 2017 - Prime Minister Bill English has ruled out allowing the Reserve Bank to bring in debt-to-income ratios. It had suggested limiting loans to no more than five times borrowers’ incomes.
Auckland house prices down - again
13 March 2017 - Auckland’s market cooldown continued in February with another fall in median house prices but regional markets remained steady, new REINZ data shows...
Declining sales, subdued market
17 January 2017 - Falling sales and faltering prices in the Super City are the standout feature of the latest Real Estate Institute of New Zealand data. READ MORE. ...
Regions hot, Auckland cooling
16 June 2016 - Auckland’s housing market slowed for the second consecutive month in May – in stark contrast to many regional markets, new REINZ data reveals. Read...
