Articles tagged with 'house prices'
Predictions cut for rising house prices
27 June 2024 - Two of the country’s major banks have slashed their house price growth forecasts for the rest of the year.
Auckland housing market rebounding
6 December 2023 - Wealthy Auckland buyers who can afford $2 million plus houses have returned to the market in force.
Housing slump over
2 November 2023 - CoreLogic’s latest national House Price Index (HPI) shows the national downturn is officially over with a total peak to trough decline of about $138,000 or 13.2% from the record highs of late 2021.
Housing market turns but big bounce not expected
10 October 2023 - Growth in the property market is on the way up although at a gentle place.
House price rises revised upwards
26 September 2023 - ANZ reckons house prices will now lift 4% over the second half of this year. This is up 1% from its previous forecast of 3%.
Properties selling faster and prices increase
18 September 2023 - As the residential market turns around from a deep downturn, properties for sale are spending less time on the market and prices have increased for the first time in 10 months.
House sales rise more than 50% on a year ago
5 September 2023 - More houses were sold by Barfoot & Thompson, Auckland biggest residential agency, last month than in the March last year.
Restoring housing affordability
29 August 2023 - House prices in New Zealand are among the most unaffordable in the world.
House prices stabilised earlier than RBNZ expected
17 August 2023 - House prices stabilised earlier than the Reserve Bank was expecting which is one of the reasons why the central bank raised slightly its forecast track for its official cash rate (OCR), it says in its latest monetary policy statement.
Housing price surges can be interest driven
21 July 2023 - A Reserve Bank discussion paper by researcher Andrew Coleman argues that temporary surges in house prices are often caused by interest rate movements.
House value rises predicted for early next year
13 July 2023 - Kiwibank is forecasting annual gains in the housing market of 2% by the first quarter of next year, before hitting a high of 6% by the middle of the year.
West Coast joins the property price decline for the first time
20 June 2023 - Average asking prices for West Coast houses have dipped for the first time in the post-covid property market, Trade Me’s May Property Price Index shows.
Where to buy property
14 June 2023 - House prices in dozens of suburbs across the country have risen in the past three months.
Nearly $300,000 wiped off Auckland house values
13 June 2023 - In Auckland, the country’s biggest housing market, the average house value has dropped by $282,647 since the beginning of last year.
Property prices fall at slower rate as trough is close
1 June 2023 - Housing analysts are predicting the market is close to finding a floor.
The end of the housing cycle
15 May 2023 - Kiwibank economists expect house prices to trough in a few months.
House values drop by $250,000 in Wellington and Auckland
12 April 2023 - Home values have made the biggest first-quarter fall in more than 15 years, the latest QV data show.
[OPINION] Property always goes up or does it?
28 March 2023 - This has always been true. Then, one day, it was not.
Wellington’s affordability lifts out of the doldrums
2 March 2023 - Housing affordability in Wellington is now the best in the country’s main centres because house prices have fallen the most over the past year.
Property prices doubled since 2013
24 February 2023 - Asking prices for houses more than doubled in more than half of the country’s districts over the decade 2013-2022.
Record highs for rents and record drops for house prices
22 February 2023 - Tenants are having to dig deeper into their wallets to pay their rent.
House resale profits slump markedly
20 February 2023 - More people are losing money on the resale of their properties than they have been at any time in the past three years.
House sales plummet to lowest ever
14 February 2023 - January house sales plunged to their lowest levels ever, excluding the first pandemic lockdown in 2020 when buyers and sellers came to a virtual standstill.
House prices drop in nearly every suburb across the country
9 January 2023 - House prices in more than 90% of Auckland’s suburbs have dropped.
Property market slump deeper than predicted
15 December 2022 - CoreLogic, like many others, says it underestimated how deep the downturn in sales volumes would become and also how far house prices would fall this year.
Huge house price pain still to come
30 November 2022 - The country’s biggest trading bank is now forecasting a bumpy landing for housing with a 22% peak-to-trough drop in prices, but values remaining 14% above their pre-pandemic level.
Prolonged collapse of house prices and sales
15 November 2022 - The housing market slowdown continues with sales down 4.3% on September and a massive 34.7% down compared to October last year.
Buckle up, the housing market slowdown isn’t over yet
27 October 2022 - The country’s biggest bank now expects house prices to fall at least 18% from peak to trough – up 3% from its previous prediction of 15%.
Bad start to spring sales
12 October 2022 - The housing market failed to thaw in the first month of spring.
One of worst times for fall in house values
5 October 2022 - A fall of 4.1% in house values from July to the end of September ranks as one of the worst on record, CoreLogic data reveals.
Values plunge in more than 80% of the country’s suburbs
16 September 2022 - The housing market downturn is in full swing, with most of the country’s suburbs recording a fall in property values in the past three months, with only small and rural areas proving the exception.
Falls and green shoots in housing market
5 September 2022 - Falling house prices are drifting closer to the depths of the Global Financial Crisis (GFC) in 2008.
Land supply restrictions main cause of rampant house prices
19 August 2022 - A key Government working group says a combination of a global fall in interest rates, the tax system, and restrictions on the supply of land for urban use were the main cause of higher house prices across the country over the past 20 years
House profits dropping and some owners in negative equity
18 August 2022 - More houses sold at a loss for the second quarter in a row, CoreLogic’s latest Pain & Gain report shows.
House prices have further to fall
12 August 2022 - The first annual fall in REINZ’s House Price Index in 11 years might seem a shock, but it means house prices have only fallen to levels seen in May last year, says Kiwibank’s economics team.
Staggering drop in housing market annual growth
9 August 2022 - The average house value across the country has dropped below $1 million to $989,790 for the first time since September last year, QV’s House Price Index shows.
Biggest fall in house prices for 14 years
3 August 2022 - Property values are falling at the fastest pace since the GFC, says CoreLogic.
House prices in free fall
19 July 2022 - House prices tumbled a record $24,550, or 3% in just four weeks last month, the latest Trade Me House Price Index shows.
House prices now dropping rapidly as correction kicks in
8 July 2022 - Average home values across the country have dropped more than $52,577, down 4.9% since the beginning of this year, according to QV’s latest House Price Index.
Auckland house sales plummet but prices defy expectations
5 July 2022 - The number of houses being sold across Auckland has fallen dramatically to levels not seen since 2010 when the country was technically in a recession after the global financial crisis.
Housing market top of list for severe price crash
29 June 2022 - New Zealand is at the top of Bloomberg’s list of riskiest housing markets – those that are vulnerable to a price crash.
Patchy housing market shows widespread falls as well as some increases
23 June 2022 - Despite the widespread fall in house prices across the country, some suburbs are bucking the trend and rising.
Seven months of profits gone
9 June 2022 - Any profits investors made on their rentals since November have been wiped out.
Housing confidence crashes
4 June 2022 - Kiwis’ house price expectations have crashed back down to earth, the latest ASB Housing Confidence Survey shows.
Price retreat as sales escalate
3 June 2022 - Auckland’s median house price have dropped 9.3% from its peak in November last year.
Reserve Bank predicting house price fall of 14% as market turns rapidly
26 May 2022 - In its Monetary Policy Statement outlining a 50 basis points Office Cash Rate increase to 2%, the RBNZ says it expects a total fall of 14% in house prices by early 2024.
Falling house prices slowly entrenching
5 May 2022 - In line with Barfoot & Thompson’s data showing Auckland’s steep decline in house sales and prices, CoreLogic’s House Price Index shows a 1.6% drop in Auckland’s house prices.
Auckland sales and prices plummet
4 May 2022 - House sales in Auckland dropped nearly 50% last month.
Two cities drop out of the $1 million market
3 May 2022 - The Bay of Plenty and Wellington have tipped out of the $1 million house price club.
House prices could tumble at the same time across the country
30 April 2022 - The ANZ says it wouldn’t be surprised if house price growth turned negative for a time in all the country’s regions.
Spike in properties for sale as House Price Index drops
22 April 2022 - A big jump in the number of properties for sale last month through Trade Me has coincided with REINZ’s House Price Index (HPI) falling 2.1% over the previous three months.
Property prices and listings showing resilience
7 April 2022 - The most significant shift in Auckland’s property market last month was the growth of property listings, data from Barfoot & Thompson, the city’s biggest agency, show.
Market transferring in buyers’ favour
7 April 2022 - Wellington switched to a buyers’ market last month, while Auckland might soon follow.according to the Real Estate Institue.
Don’t worry about prices - buying opportunities improving fast
18 March 2022 - Now that the housing market has turned and bargaining power lies strongly with investors and owner-occupier buyers and opportunities to get a property they want are now improving quickly.
[Opinion]Two years of COVID – what have we learnt in the property world?
16 March 2022 - By Kelvin Davidson, CoreLogic Chief Property Economist
House prices materially falling chorus from banks
24 November 2021 - The BNZ has joined Westpac and the Reserve Bank in predicting modest outright falls in house prices, but a large correction cannot be ruled out.
Auckland housing crisis nearly over
16 November 2021 - ASB economists reckon Auckland's housing crisis is coming to an end, but it is not the same story for the rest of the country.
House prices should fall next year - Westpac
9 November 2021 - As mortgage rates rise, Westpac economists expect to see a substantial slowing in house price growth over the coming months, turning to modest price declines by the second half of next year.
The tide is turning on house prices
8 November 2021 - House prices could drop 10%, but would only take them back to where they were in March this year, ANZ economists say.
Investor juggernaut slowly grinding down
22 October 2021 - Property buying by mortgaged investors is back down to the levels just before the loan-to-value restrictions were lifted in the second quarter last year, which sparked investor demand back into life.
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: House prices nationwide continue cooling
14 October 2021 - The pace of median house price growth continues to slow, the latest REINZ data show.
No new moves on housing market: Minister
12 October 2021 - The Government has disclosed there are no new measures under consideration to cool the housing market.
Property vulnerability revealed in new CoreLogic data
12 October 2021 - The property analysts CoreLogic NZ say the Auckland property market is the most vulnerable of all urban regions in New Zealand.
Rising prices show no sign of stopping
11 October 2021 - House prices are rising, even as lockdown levels continue to restrict the entire country and listings drop.
House prices rise again
11 October 2021 - House prices are resuming their upward trend, according to Quotable Value (QV).
Average asking price rising
7 October 2021 - The national average asking price for a house gently cooled month-on-month in September by -2.85%, bowing to $865,348, the latest realestate.co.nz data shows.
House price rises waning amid tighter lending coming
4 October 2021 - Despite various levels of lockdown across the country, average house prices increased by 1.4%, or $13,000 last month.
Why work when houses make more money?
28 September 2021 - Despite Covid, snap lockdowns and border closures, CoreLogic’s quarterly Mapping the Market report shows all major centres had rampant house price increases. Some suburbs increased in value by more than $500,000 in the 12 months to the end of August 2021.
Growth in house prices to fall significantly next year
27 September 2021 - House price inflation is expected to fall back to single-digit levels next year.
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.
Government torpedoes fail to sink housing market
13 September 2021 - Despite the Government’s best intentions and policy shifts Kiwi’s positive expectations of house price growth are hard to sink.
Housing affordability a long way off
13 September 2021 - The average property value across New Zealand is 7.9 times the average annual household income. A record high in the six-monthly CoreLogic Housing Affordability Report’s 18-year history.
No market rebound expected post lockdown
8 September 2021 - House prices are unlikely to boom after the country comes out of the current lockdown, according to QV forecasts. Sally Lindsay has a round-up of the latest region-by-region House Price Index figures.
House sales and prices hardly reduced by lockdown
7 September 2021 - The Covid lockdown had a small dampening effect but no significant impact on Auckland’s residential property sales last month.
Tighter LVR restrictions for owner-occupiers
3 September 2021 - The Reserve Bank plans to tighten LVR restrictions for owner-occupiers as it clamps down on low deposit home loans.
Short house price surge possible post lockdown
3 September 2021 - CoreLogic says there could be a short period of excessive house price rises after the lockdown because of tight listings.
Listings cool: Expected to bounce back quickly
2 September 2021 - There has been a big drop in residential property listings since level four restrictions kicked in last month.
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.
RBNZ price fall prediction countered
26 August 2021 - Despite the Reserve Bank’s forecast actual house prices will starting falling from the third quarter of next year, ANZ Bank economists have a more optimistic view.
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.
‘Bonkers’ housing market off the chart
20 August 2021 - While house inflation is running at about 30% a year, it will take decades for affordability to improve, ANZ economists say.
Fall in real house prices expected by Reserve Bank
20 August 2021 - The Reserve Bank is now predicting house prices will actually start falling from the third quarter of next year.
Reserve Bank predicts fall in house prices
19 August 2021 - The Reserve Bank has predicted that house prices will fall from the third quarter of next year.
Real house price falls predicted from next year
14 August 2021 - Jarden analysts expect house prices to fall by 6% next year and 3% in 2023.
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.
Prices cool over past three months
12 August 2021 - For the third month in a row house price growth has slowed, the latest QV House Price Index shows.
House price madness probably slowing
9 August 2021 - Eye-watering house price growth is probably past its peak – Sally Lindsay reviews CoreLogic’s recent HPI data.
Outside odds of 50 basis point rate hike
9 August 2021 - Financial markets have priced in a 12% chance of a 50 basis point official cash rate hike next week, as the Reserve Bank makes its most highly anticipated decision in months.
Stock shortages, prices boom
2 August 2021 - Winter’s chill isn’t cooling the market, writes Sally Lindsay.
House prices continue to ease
30 July 2021 - Sally Lindsay reviews the latest QV House Price Index stats region by region.
House prices close to turning
26 July 2021 - The housing market is close to – or at – a turning point, CoreLogic’s update for the second quarter of this year shows.
Eye-watering price growth in Wellington
25 July 2021 - Wellington house prices sky-rocketed in June by 24% and a whopping $166,300 in just 12 months. Other regions still looking buoyant.
LVRs kicking in for Auckland house prices
16 July 2021 - The loan-to-value (LVR) restrictions reintroduced by the Reserve Bank are having a far greater effect on Auckland house prices than anywhere else in New Zealand.
Soaring house prices fuel OCR hike talk
13 July 2021 - House prices jumped 29.8% year-on-year to June, adding further weight to the odds of an official cash rate hike in 2021.
Interest rates key to fighting house price boom
12 July 2021 - Westpac’s economists expect rising interest rates to play the biggest role in flattening house price increases.
Housing market ‘stronger than a month ago’
12 July 2021 - Independent economist Tony Alexander has broken down the rampant housing market into layers to help investors understand where the market is headed.
Prices continue to rise unabated
5 July 2021 - The onset of winter and the new regulations aimed at making home buying less attractive to investors did not dampen the price, or the number of Auckland houses sold in June.
Housing streaks past $1.5 trillion but growth stalling
1 July 2021 - Growth in house prices is starting to fall but at a snail’s pace.
Housing price growth slows: CoreLogic
1 July 2021 - House price inflation began to slow in June according to CoreLogic data, declining to 1.8% over the past month.
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.
Westpac tips earlier rate hike, house price decline in late 2022
28 June 2021 - Westpac economists have predicted that the official cash rate could rise from August next year, causing a decline in house prices in the final three months of 2022.
Trade-ups out of reach for many
27 June 2021 - Investors wanting to trade up from three to four-bedroom properties to attract tenants may have hit a wall.
House prices ramping up nationwide
17 June 2021 - Following heightened interest in and around the national housing market, CoreLogic has, for the first time, created a mid-year analysis of suburb-level property data.
Housing sales drop, prices race ahead
15 June 2021 - Mixed signals are apparent in the latest data on the strength of the housing market.
Treasury’s house price claims debunked
8 June 2021 - The chances of Treasury’s predictions average house prices will only rise 0.9% in the year to June 2022 being correct have been deflated by independent economist Tony Alexander.
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.
CoreLogic report shows slowing house price inflation
2 June 2021 - House price growth has begun to slow following Government reforms to curb demand, according to new data from CoreLogic.
Get ready for housing upheaval
31 May 2021 - Mortgage-borrowing investors have been warned to make a five-year plan for high interest rates.
Making money the easy way
25 May 2021 - Houses sold in the first quarter of this year made their owners a median gain of $315,000 up from $291,000 in the last three months of 2020.
Govt reckons it's tamed the housing market
20 May 2021 - The government claims that it has tamed raging house price growth through the changes it is making, primarily against property investors.
Govt reckons it's tamed house price growth
20 May 2021 - The government claims that it has tamed raging house price growth through the changes it is making, primarily against property investors.
Twists and turns in housing market
18 May 2021 - The latest REINZ data showing the housing market remained “perky” in April hasn’t offered much evidence of cooling, says Westpac.
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.
First signs of a cooling housing market
13 May 2021 - The property market displayed the first signs of cooling last month, but prices continue to rise, according to the latest REINZ data.
Efforts to dampen housing market not working yet
11 May 2021 - Average Auckland house prices hit more than $1.3 million last month despite efforts by the Government to slow down the rampant housing market, Sally Lindsay reviews recent QV figures.
No sign of house prices dipping yet
5 May 2021 - House prices are still streaming upwards, increasing by 3.1% across the country last month.
Could fear of overpaying shift housing market?
29 April 2021 - Will the Government’s coming changes to property investor’s income result in fear of over-paying (FOOP) for houses?
Interest rate rises scary for property investors
28 April 2021 - The possibility of rising interest rates will scare investors even more than the recent changes to the bright-line test and removal of mortgage interest tax deductibility, says the latest ANZ Property Focus report.
Housing market's unlikely Covid boost
20 April 2021 - Low net migration to New Zealand during the pandemic has given the nation a chance to "dent" its chronic housing shortage, according to Kiwibank economists.
Enormous leap in housing stock value
19 April 2021 - The country’s housing stock has grown to a massive $1.39 trillion, skyrocketing almost $200 billion in the year to December – despite the Covid-19 pandemic.
House prices hit new highs
15 April 2021 - A huge demand for houses during March has pushed the median price across the country to $826,300 – a new record high and a $46,300 jump since last month.
Cash will be king for property investors
6 April 2021 - Cashed up investors along with owner occupiers will now be the ones determining house prices, says Westpac economist Satish Ranchhod.
Housing market on war footing
29 March 2021 - The Government is staking its political credibility on its war against soaring house prices, says BNZ chief economist Stephen Toplis.
Hot in the Hutt
29 March 2021 - With infrastructure updates on the way and recent “sky-rocketing prices” Lower Hutt looks great for investors, writes Joanna Mathers.
The year for property politicking
25 March 2021 - Political pressure on the Government to “do something” about the housing market means 2021 will be remembered as the “year of property politics”, says CoreLogic senior economist Kelvin Davidson.
Scrapping tax deductibility not the way to go
23 March 2021 - Limiting tax deductibility for property investors’ mortgage interest would be a better game changer than scrapping it altogether, says Westpac acting chief economist Michael Gordon.
Challenging times ahead for investors: Westpac
23 March 2021 - The Government’s attempt to skew the housing market away from investors to first home buyers will have a chilling effect on investor demand, says Westpac senior economist Satish Ranchhod.
Meteoric market to continue until mid-year
16 March 2021 - Kiwibank economists believe that house price inflation will rise by 25% in the year to June, before easing to 14.5% in the year to December 2021.
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.
Is property market confidence falling?
12 March 2021 - A growing number of Kiwis believe it is no longer a good time to buy a house, according to a new report from ASB.
Housing crisis needs building surge
10 March 2021 - New Zealand’s only way out of the housing crisis is to build, build and build more homes if it is to avoid a worsening plight.
New lending rules likely
5 March 2021 - There is a "high" probability of extra rules to curb house price inflation such as DTIs and interest-only lending restrictions, according to economist Tony Alexander.
Rising rates to end housing boom
3 March 2021 - Westpac economists predict rising mortgage rates will put an end to the NZ housing boom.
Provincial towns worst hit by housing affordability issues
2 March 2021 - Houses are as unaffordable as they’ve been at any time in the past 17 years and the worst hit are provincial towns, CoreLogic’s bi-annual New Zealand Housing Affordability Report has found.
Auckland has the worst unaffordable housing market globally
26 February 2021 - Auckland has the fastest-deteriorating housing affordability market globally after the average price of a home leapt $140,000 last year, the latest Demographia Housing Affordability report shows.
House prices added to Reserve Bank remit
25 February 2021 - The Government has instructed the Reserve Bank to take house prices into account when setting monetary policy, marking a significant shift in the central bank's role in the real estate market.
NZ housing market set to cool
19 February 2021 - New Zealand’s booming residential housing market is a global outlier that won’t last, ANZ’s latest research report shows.
Biggest housing boom in 17 years
16 February 2021 - According to ASB economists New Zealand is in its biggest housing boom for 17 years, following the latest strong market data.
Bank questions why investor confidence not higher
9 February 2021 - ASB says investor confidence in property has improved but not as much as expected.
Intervention expected for housing market
3 February 2021 - The Government is "almost certain" to intervene in the housing market to help first home buyers and boost residential construction, according to CoreLogic.
Market momentum tipped to continue
20 January 2021 - Economists predict that the red-hot housing market will continue in the near-term, with listings not growing fast enough to meet demand.
Is a bright-line test extension imminent?
2 December 2020 - Speculation is mounting that the government will extend the bright-line test beyond five years, capturing a greater number of investment properties for taxation.
Time to stop the finger-pointing on housing
2 December 2020 - New Zealand needs a bipartisan housing accord to fix the nation's skyrocketing prices and supply problems, according to economists at ASB.
Housing market to cool? Yeah Right
30 November 2020 - While MPs, bureaucrats, and others are calling for the housing market to be cooled, Kiwis don't think anything will happen.
Finance minister intervenes on house prices
24 November 2020 - Grant Robertson has asked the Reserve Bank governor Adrian Orr to consider house price stability when the central bank makes monetary policy decisions, amid growing pressure to curb runaway valuations.
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.
Auckland’s average price now $1million plus
4 November 2020 - New Zealand’s biggest market is booming with Barfoot & Thompson’s latest data revealing that Auckland’s average residential property price is over the $1 million mark for the first time.
Market influencers going forward...
2 November 2020 - Value growth is accelerating and one property expert is picking that Government construction plans and the role of LVRs will dominate market discussion of the trend going forward.
SuperCity property attracting overseas interest
2 November 2020 - International interest in Auckland property has increased recently and that could have helped the region’s average asking price hit a record high in Realestate.co.nz’s latest data.
Most expensive rental region a surprise
30 October 2020 - Think that rents in the Super City or the Capital are the highest in the country? Well, you’d be wrong. It’s Porirua which is the costliest district to rent in.
Dunedin in demand
29 October 2020 - A supply and demand imbalance together with improved housing stock mean Dunedin’s values are on the rise, writes Joanna Jefferies.
COMMENT: Dunedin’s slowdown might last
22 October 2020 - Dunedin’s loss of value growth momentum in recent months could be a longer lasting trend, writes CoreLogic senior property economist Kelvin Davidson.
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.
Negative OCR still needed - Westpac
20 October 2020 - Despite fears of an overheated housing market, Westpac economists believe the Reserve Bank will still need to lower the official cash rate next year.
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.
Are returning Kiwis really a market driver?
6 October 2020 - Returning New Zealanders have been touted as a major driver of housing demand going forward, but some think the flood has ended – and that will impact on the market.
Booming sales in the Super City
2 October 2020 - Market activity is not letting up in Auckland with the city’s biggest real estate agency announcing that September saw the highest number of sales in a month since 2017.
Low listings boosting prices
1 October 2020 - Auckland’s average asking price passed $1 million for the first time while other regions turned in record highs. The ongoing shortage of listings is a major factor in that.
Wairarapa on the move
30 September 2020 - A tight rental market and low sales stock mean Wairarapa’s property market is on the up, writes Joanna Jefferies.
What the Reserve Bank's latest move means for housing
24 September 2020 - The Reserve Bank’s programme to lend directly to retail banks could be ready soon. If it is, that’s likely to mean lower interest rates on loans – and more support for the housing market.
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.
Expect house prices to keep rising - Westpac
14 September 2020 - House prices are set to keep going up rather than down, one of the big banks now says – after reversing its earlier predictions of price declines.
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*.
Super City powers through lockdown 2.0
2 September 2020 - Lockdown 2.0? What lockdown? Auckland’s residential property market sailed through the level three restrictions, according to the city’s largest real estate agency.
Market holds firm in Covid-19 storm
1 September 2020 - Covid-19 has not led to the bottom dropping out of the housing market, as some predicted. Rather housing values have held pretty firmly, particularly in provincial and rural areas.
Record housing stock lows round NZ
1 September 2020 - The amount of available housing stock for sale nationwide plummeted to record lows in August – and that’s helping keep prices bubbling up.
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
Buyer sentiment at eight year high
28 August 2020 - More people now believe that it is a good time to buy a house than at any other time since 2012, ASB’s latest Housing Confidence Survey reveals.
Clouds remain over housing market
27 August 2020 - Falling mortgage rates will provide support to the housing market over the coming year – but a weakening of the market is still on the cards, according to bank economists.
Sub-2% mortgages to boost house prices: ASB
26 August 2020 - Home loan rates will plummet to 2% in the next year, with low rates set to push up house prices, according to ASB.
Investors' market share on the rise
20 August 2020 - Concerns about the rising costs of being a landlord aren’t deterring investors with new data showing that mortgaged investors’ share of purchases surged to a four year high in July.
Election not an issue for property buyers & sellers
19 August 2020 - This year’s general election may have been postponed to October 17 but a new survey reveals that the election is not a concern for a vast majority of property buyers and sellers.
COMMENT: Real estate possible at level three
17 August 2020 - Never fear property buyers and sellers - alert level three is still workable for the Auckland real estate market, according to Century 21 owner Derryn Mayne.
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.
Kiwibank expects 6% fall in house prices
7 August 2020 - Kiwibank economists believe the housing market will only fall by 6% due to Covid-19, revising down their prediction amid signs of "strong resistance".
Is the market resurgence coming to an end?
5 August 2020 - Steady declines in value growth are becoming evident – as QV’s latest data reveals – and that suggests the housing market’s resurgence could be coming to an end.
Auckland sees highest sales since 2015
4 August 2020 - The SuperCity turned in its strongest housing sales performance in a July for five years last month, new data from Auckland’s biggest real estate agency reveals.
Prices not impacted by new listings surge
3 August 2020 - There was an influx of new listings on to the housing market in July but it is making little impact on the shortage of housing stock around New Zealand.
200 issues: Top Regions Revealed
31 July 2020 - Joanna Jefferies takes a look at the top 12 locations for property price growth and gains across New Zealand since 2003 and discovers previously unknown property hotspots.
COMMENT: It’s not all doom & gloom
30 July 2020 - Uncertainty still casts its shadow over the property market but there are factors that could see a brighter outlook than some expect, writes CoreLogic's Kelvin Davidson.*.
New urban planning rules for Councils
24 July 2020 - Restrictive planning regulations have long been cited as a major contributor to New Zealand’s housing shortage – but new rules mean Councils will have to loosen up their rules in a bid to boost supply.
Demand is keeping prices resilient
23 July 2020 - Stronger than anticipated demand from property buyers is helping to keep prices nationwide buoyant – and solidly up on last year - in the post-Covid housing market.
Covid crisis will impact on market - in time
21 July 2020 - ASB continues to expect a 6% decline in nationwide house prices – even though the Covid-19 prompted economic adjustment to date been less severe than most expected.
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.
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.
Values settle into new normal
8 July 2020 - Covid-19’s impact on the residential property market is becoming clearer with QV’s latest data showing the pre-lockdown heat is dissipating as the market begins to settle.
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.
Why the future is not bleak for the housing market
3 July 2020 - Uncertainty continues to cast its shadow over the housing market but economist Tony Alexander has put together a list of reasons which offset the negatives and mean the market remains well-supported.
SuperCity sales defy expectations – for now
2 July 2020 - Auckland’s property market defied economic forecasts in June but that doesn’t mean it will continue to do so, according to the city’s largest real estate agency.
Four new buyers’ markets emerge
1 July 2020 - A surge in new property listings around much of New Zealand has turned four regions into buyers’ markets, new Realestate.co.nz data reveals.
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.
S&P forecast 10% house price fall
24 June 2020 - Global ratings agency Standards & Poors is the latest to join the chorus of predictions around potential house price falls in New Zealand – and they’re picking a 10% drop.
Market outlook: what economists have to say
19 June 2020 - Recent residential housing market data has not looked to bad – but, given the grim economic forecasts, that’s a bit confusing. So here’s a round-up of economists’ latest takes on the market…
Huge surge in buyer demand
18 June 2020 - Is it the lure of a bargain? Is it a pent-up demand? Whatever the reason, buyer demand for residential property has soared, according to Trade Me Property.
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.
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.
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.
Weak sales, resilient prices
3 June 2020 - Auckland’s housing market saw another slump in sales volumes in May but prices are holding steady, according to the city’s largest real estate agency.
Market teeters on cliff edge - QV
3 June 2020 - Signs of fragility might be present in the post-lockdown market yet value growth and demand are currently still going strong.
No post-Covid-19 dent in asking prices
2 June 2020 - Covid-19 has not diminished the price expectations of property sellers with new data revealing that average asking prices hit record highs in seven regions in May.
Holiday hotspots: what lies ahead?
29 May 2020 - Tourism has been one of the industries hardest-hit by the Covid-19 crisis, so Miriam Bell looks into what that means for the regional property markets that are reliant on it.
Price expectations spiral down
27 May 2020 - Housing confidence has been dealt a hefty blow by the Covid-19 crisis with house price expectations plummeting to new lows.
Downward pressures might push investors out
21 May 2020 - There’s a major housing market downturn coming and it’s likely to reduce the number of investors in the market, according to ANZ economists.
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.
COMMENT: Which property markets are most vulnerable?
13 May 2020 - In the coming months, all parts of the country are likely to feel some degree of property pain, but CoreLogic’s Kelvin Davidson* has taken a look at which areas might be hardest hit.
There’s life in the market yet
11 May 2020 - The residential property market might currently be lacking in strength, but those working in the sector don’t see it as suffering from widespread weakness, according to economist Tony Alexander’s latest poll.
Investors expect road ahead to be tougher
8 May 2020 - Most investors believe that conditions will get harder for property investors over the next year but not just because of the Covid-19 crisis, a new survey by NZ Property Investor has found.
Housing market will take two years to recover
6 May 2020 - It will take at least two years for house prices to recover to pre-Covid-19 levels, according to new analysis from Westpac.
Market enters unknown waters
6 May 2020 - There’s no doubt New Zealand’s housing market was performing strongly heading into lockdown but, as QV’s latest data makes clear, the market has now entered unknown waters.
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.
House price drops are short-lived - Alexander
24 April 2020 - Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
[VIDEO] Don’t expect a buyers’ market immediately
15 April 2020 - Listings of properties for sale are likely to lift post-lockdown but CoreLogic’s head of research, Nick Goodall, says that doesn’t mean the housing market will immediately switch into a buyers’ market. [WATCH VIDEO]
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.
Lockdown market sentiment
6 April 2020 - Caution might dominate property sector participants’ takes on the market, but independent economist Tony Alexander’s latest polling reveals that not all investors are taking a step back.
COMMENT: Making sense of it all: COVID-19, the economy & property
2 April 2020 - The Covid-19 crisis means everything is changing fast, so CoreLogic’s Kelvin Davidson* has put together his 10 key points on what to be aware of when it comes to the property market.
Auckland market booming before lockdown
2 April 2020 - The Super City’s housing market was in full recovery mode with strong sales and a rise in listings, but the Covid-19 lockdown has stopped it in its tracks.
Uncertainty set to plague 2020’s market
1 April 2020 - New data from both QV and Realestate.co.nz shows the housing market was performing strongly prior to the Covid-19 lockdown – but there’s no escaping the question of what it will do now.
What lies ahead for the housing market
31 March 2020 - As New Zealand begins to settle into the “new normal” of the Covid-19 lockdown, commentators have started releasing their (tentative) outlooks for the housing market. Here’s a summary of some of them...
Banks roll out mortgage holiday
30 March 2020 - Major lenders have launched mortgage holidays for borrowers affected by the Covid-19 outbreak, using online application forms to process customer requests.
Housing market: 6 factors to consider
20 March 2020 - It looks as though New Zealand is headed towards an unexpected recession. While house prices are expected to drop in the near term, economist Tony Alexander points out six factors to think about in the current market.
ASB slashes house price forecasts
17 March 2020 - House price growth will drop away to zero over the coming year, according to ASB who have cut their forecasts in response to the coronavirus crisis.
What coronavirus means for property investors
16 March 2020 - Welcome to Fortress New Zealand. The coronavirus crisis means that strict travel bans are now in force and a recession is expected. So what does that mean for property investors going forward?
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.
Affordability under pressure - ASB
12 March 2020 - Expectations that house prices will rise are at a three-year high but that means less people think now is a good time to buy a house.
SuperCity sales soar up
4 March 2020 - Auckland sales activity soared back to life in February with Barfoot & Thompson recording its highest number of sales in five years.
Values escape coronavirus contagion
4 March 2020 - There’s no escaping the spectre of coronavirus right now but it hasn’t had an impact on the property market with new QV data showing it continues to strengthen.
Drop the quarter-acre dream to address supply shortage
2 March 2020 - There’s been no change to the shortage of houses for sale nationwide and that’s keeping asking prices high in markets around New Zealand, the latest Realestate.co.nz data shows.
Manawatu on the move
28 February 2020 - Skyrocketing values and a serious supply shortage characterise the Palmerston North and Feilding markets, writes Joanna Jefferies.
Regions lead the price growth pack
24 February 2020 - Provincial markets stole the asking price spotlight from the main centres in January, according to the latest Trade Me Property Price Index.
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.
Rising house prices glossed over in MPS
13 February 2020 - New Zealand’s housing market is rebounding strongly but the Reserve Bank barely mentioned it in Wednesday’s Monetary Policy Statement (MPS). That’s left one economist asking why.
Steady demand makes for rising values
5 February 2020 - The property market recovery just keeps stepping up the pace, with QV’s latest data revealing that all sixteen of the major cities they monitor saw quarterly value growth in January.
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.
Don't use KiwiSaver for investment property - yet
4 February 2020 - The Interim Retirement Commissioner’s proposal to allow KiwiSaver first-home withdrawals to be used for investment properties came tantalisingly close but didn’t quite make it to the recommendation phase.
Could a shift in the listings shortage be coming?
3 February 2020 - More properties are coming on to the housing market but there’s still a nationwide shortage with the number of homes for sale down by over 20% year-on-year.
New Plymouth possibilities
31 January 2020 - Despite the proposed regulation of short-term rentals, New Plymouth still has great opportunities for investors.
Confidence in rental returns at new low
29 January 2020 - Belief that rental property will provide the best investment returns has fallen to a 15 plus year low, the latest ASB Investor Confidence Survey reveals.
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.
A decade of property price growth
23 January 2020 - Recent years have seen some spectacular house price growth around New Zealand but just how much have asking prices gone up in different markets over the last 10 years?
Upping the ante on price growth
22 January 2020 - ANZ economists have become the latest commentators to revise up their house price inflation predictions and are now picking 8% growth by mid-2020.
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.
COMMENT: What lies ahead in 2020?
3 January 2020 - It’s that time of year when we are all contemplating what the year ahead has in store… So here’s GRA managing director Matthew Gilligan’s property market predictions for 2020.
Hot demand in Hawke’s Bay
31 December 2019 - A severe housing shortage in Napier and Hastings means house values and rents are on the rise, writes Joanna Jefferies.
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.
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.
Buyer sentiment at seven year high
9 December 2019 - Housing market expectations have improved significantly in ASB’s latest Housing Confidence Survey – and record low interest rates are playing a major part in that.
Putting RBNZ's new capital rules into perspective
6 December 2019 - There's been a lot written about the Reserve Bank's new capital rules for banks and some of it seems to miss the mark. Here's my take after hearing from the governor yesterday.
Values pick up the pace
4 December 2019 - There’s a more upbeat feel to the property market and it’s obvious in this month’s QV data which has values firmly on the rise.
Auckland’s November sales at four year high
3 December 2019 - Sales activity continues to improve in Auckland with new Barfoot & Thompson data revealing their best November sales numbers since 2015.
Supply remains tight nationwide
2 December 2019 - Many regional markets hit record high asking prices in November but that’s not deterring property-seeking Aucklanders, Realestate.co.nz’s latest data shows.
Pre-summer pick up for rental market
22 November 2019 - The rental market is heating up for summer with both tenant demand and rents on the rise around the country, new Trade Me data suggests.
ComCom warning for property trader
15 November 2019 - A property trader, who has attracted unfavourable media attention in recent years, has received a formal warning from the Commerce Commission.
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.
Record low rates fuel market resurgence
6 November 2019 - A widespread resurgence in value growth of late means that all eyes are now on the Reserve Bank’s next OCR call which could give the market another push.
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.
Boiling Hot Property
31 October 2019 - A supply shortage and accessible price points mean demand for investment properties in Rotorua is red hot, writes Joanna Jefferies.
LVR loosening likely - ANZ
23 October 2019 - LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.
Surge in rental demand in Palmerston North
18 October 2019 - Palmerston North’s rental market is running hot with enquiries about rental properties skyrocketing up by 50% year-on-year in September, new Trade Me Property data shows.
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.
Allow KiwiSaver withdrawals for investment properties
15 October 2019 - KiwiSaver rules should be relaxed so that first home withdrawals can include investment properties, the Interim Retirement Commissioner is proposing.
Collaboration key to urban development
11 October 2019 - Central and local government and industry must work together to ensure that the Government’s proposed new urban development strategy is successful.
Spring bounce in Auckland market
2 October 2019 - There was an increase in activity in the Auckland housing market over September with both new listings and sales up, according to Barfoot & Thompson.
Signs of life in market
2 October 2019 - They might be tentative but there are signs the property market is strengthening with new QV data showing that most main urban areas have seen a lift in values.
New listings remain limited
1 October 2019 - There was no uptick in market activity in the first full month after the Reserve Bank’s big OCR cut, with listings still at low levels, realestate.co.nz’s latest data shows.
No stopping Capital price rises
23 September 2019 - There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
New Government housing agency established
20 September 2019 - It’s official: the Government’s new urban development and housing authority, Kāinga Ora, has been given the go-ahead after the necessary legislation passed its third reading in Parliament this week.
The truth about flipping
19 September 2019 - Claims about the sky-high gains generated by property flippers ignore the costs and taxes that come with trading properties – and that means the profit assumptions are wrong, property experts say.
Price fixing earns Ronovationz $400k penalty
18 September 2019 - Property investment guru, Ron Hoy Fong’s, company has been handed down a $400,000 penalty by the High Court after admitting to price fixing in Auckland’s real estate market.
Home loan complaints rise
18 September 2019 - Complaints against banks by home loan borrowers rose by 12.3% last year amid a rising number of declined applications, according to the Banking Ombudsman Scheme.
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.
Changing the game
11 September 2019 - Investors keen to minimise the costs that come with selling properties might want to look to a new real estate agency which is aiming to disrupt the industry.
Reset policies will prompt price rises - Westpac
10 September 2019 - KiwiBuild “reset” policies will boost demand, rather than supply, and that will lead to house price rises, Westpac’s economists are predicting.
NZ banks face headwinds
10 September 2019 - The likelihood that New Zealand will face a severe house price correction has reduced and so too have the risks to lenders; however they face profitability headwinds.
What Aucklanders value in property
6 September 2019 - Properties with more permissive zoning have clearly higher values, according to new research from Auckland Council’s Chief Economist’s Unit.
Decline in value growth slows
4 September 2019 - Property value growth nationwide has been waning for months. But now QV’s latest data suggests the rate of decline is starting to ease up.
No momentum in Auckland sales
3 September 2019 - Auckland prices remain strong but sales are down and the market is suffering from a lack of momentum, according to the city’s biggest real estate agent.
Hints of market resurgence
3 September 2019 - Lower interest rates are prompting renewed interest in the property market with Realestate.co.nz reporting a surge of activity in August.
Slashing OCR has worked, economist says
28 August 2019 - The OCR is low and poised to get lower but Westpac’s chief economist doesn’t believe that means concerns about a negative OCR are warranted.
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 policy to address “failing” cities
21 August 2019 - Restrictive planning laws mean New Zealand cities are “failing” so the Government has announced a new urban development initiative to tackle the problem.
Low rates boost NZ’s housing affordability
21 August 2019 - Declining house prices and low interest rates have improved housing affordability across New Zealand over the first half of 2019, a new report from Moody’s Investors Service shows.
A tale of two cities prices
20 August 2019 - Asking prices in Auckland continue to decline while Wellington’s asking prices are still running hot, according to the latest Trade Me Property Price Index.
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.
Improvements in affordability nationwide
9 August 2019 - Lack of affordability has long been a problem for New Zealand’s housing market, but a new report suggests the tide could be turning.
OCR cut could prompt housing market upturn
8 August 2019 - The Reserve Bank’s decision to slash the Official Cash Rate (OCR) by 0.5% to a historic low of 1.0% has shocked the financial community, but what could it mean for the housing market?
Affordability key to value growth
7 August 2019 - Whether values are going up or down in markets around the country, new QV data highlights that affordability – or the lack of – is a key determinant.
Lower prices driving Auckland sales
2 August 2019 - The Auckland market may be down but it’s not out: the city’s largest real estate agency is reporting a surge in sales volumes in July.
Pushing up the national average price
1 August 2019 - The main centres used to drive New Zealand’s market but it was strong provincial markets that contributed to the national average asking price’s rise in July.
Rental stock can’t match demand
29 July 2019 - Pressure continues to build in the rental market as Trade Me Property’s latest rental data shows soaring demand and a decline in available stock.
The costs of rental policy changes
24 July 2019 - The deluge of policy changes to the regulations governing rental property are a key headwind for the housing market, according to ANZ economists.
Asking prices defy winter odds
22 July 2019 - There’s little sign of the traditional winter slowdown in Trade Me Property’s new data with strong demand pushing asking prices up in many markets around the country.
A world of declining yields
21 July 2019 - There was gold in regional rental yields in recent years but that’s changing as property prices in smaller markets go up and their yields go down.
It’s all about supply
19 July 2019 - New Zealand’s housing shortage is getting worse, not better, and that’s why huge price falls are unlikely going forward, according to Kiwibank economists.
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.
Limited stock makes for muted market
2 July 2019 - It has the lowest amount houses available to sell in nearly a year, but Auckland’s biggest real estate agency sees positive trends in the market.
Prices under pressure
1 July 2019 - Supply squeeze is continuing to put pressure on asking prices with new Realestate.co.nz data showing four regions hitting record high prices.
10 market predictions for the rest of 2019
28 June 2019 - It’s been an eventful year for the residential property market so far but now’s a good time to look at what might be in store for the rest of 2019, declares Core Logic senior property economist Kelvin Davidson.
Housing team takes over from Twyford
27 June 2019 - Housing is fraught, complex and – as the Cabinet reshuffle reveals – a portfolio that is no longer considered suitable for a single minister.
No monolithic cladding, no price stigma
27 June 2019 - Investors worried about the value of a leaky home they own can take heart from new research showing there’s no price stigma when it comes to tactically remediated properties.
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.
COMMENT: The compliance struggle
26 June 2019 - For many property investors, the end goal is setting themselves up for retirement – but new requirements are making that harder. Investor Dale Young explains how his retirement project is turning into a compliance nightmare...
Housing market risks for NZ - OECD
25 June 2019 - The steep rise in New Zealand’s house prices is a major risk to the country’s economic success, a new report from the OECD warns.
It’s not just about mortgage rates
24 June 2019 - Historically low mortgage rates might boost the housing market but they are not the only factor at play in the market, according to ASB economists.
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.
Market rebound coming - Westpac
13 June 2019 - The cancellation of a capital gains tax combined with lower mortgage rates will be game changing for the housing market, believes Westpac’s chief economist.
Super City sales down 20% on last May
6 June 2019 - Residential sales activity in the Auckland region remains subdued, with Barfoot & Thompson revealing that its sales fell by 20% year-on-year in May.
Manage your value expectations
6 June 2019 - Property owners thinking of selling up are being told to manage their expectations as the latest QV data highlights that New Zealand’s housing market is slowing, but steady.
Auckland exodus benefits regions
5 June 2019 - It’s true: regional housing markets are seeing the impact of the Super City’s expensive housing as it has prompted an exodus of Aucklanders to other parts of New Zealand.
Tale of two halves
4 June 2019 - Over half of the North Island’s regions registered falls in their average asking price in May – in contrast to the South Island, the latest Realestate.co.nz data reveals.
Riding out the cycle
29 May 2019 - Fasten your seatbelts – the market is heading to the bottom of the cycle, but one property expert says that serious investors shouldn’t panic if prices fall.
Gloomy expectations around Super City
27 May 2019 - Auckland house price expectations have turned negative for the first time since 2009 with a new ASB survey turning in a gloomy outlook on the market.
Wellington City price glow spreads
20 May 2019 - Remember Auckland’s “halo effect”? Well, it’s happening again but this time it’s at play in the Wellington region as the capital’s market powers along.
Don’t count on a market upturn
17 May 2019 - It’s been a spectacular run for the market but this property cycle has done its dash and recent positive developments aren’t likely to cause a major upturn, one top economist says.
Rental property confidence dims
15 May 2019 - Confidence in rental property as an investment option is flatlining nationwide – thanks to the uncertainty surrounding the housing market.
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.
OCR cut to boost market
9 May 2019 - New Zealand has never seen the Official Cash Rate (OCR) go so low. Now commentators are saying it will reignite the cooling embers of the property market.
Gone: foreign buyers leave market
2 May 2019 - Overseas buyers have dropped out of the market with new Stats NZ data revealing that the number of property transfers they are responsible for has plummeted this year.
Market uncertainty thumps Auckland sales
2 May 2019 - Uncertainty around prices and the spectre of a capital gains tax had a hefty impact on Auckland sales volumes in April.
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.
SuperCity back to “old normal”
1 May 2019 - The Auckland region’s average asking price dropped to its lowest level since 2016 in April, according to the latest Realestate.co.nz figures.
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.
New flames to fan housing market
18 April 2019 - The demise of the capital gains tax proposal and record low mortgage rates will led to a pick-up in housing demand and boost the market, ASB economists say.
Ditching CGT a win for common sense
17 April 2019 - Celebration is the name of the game for property investors nationwide after the Government announced that it won’t be introducing a capital gains tax.
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.
Yields creeping upwards
5 April 2019 - After many years in the wilderness, yields on rental properties are picking up – which should appeal to those trying to adapt to the changing property investment landscape.
Auckland a “buyers market”
4 April 2019 - Prices remain high in the Auckland region but new data from two real estate websites indicates the market has shifted to favour buyers.
Realism needed in Auckland market
3 April 2019 - Auckland house prices remain stable despite muted sales activity, according to the city’s biggest real estate agency.
Brakes on value growth
3 April 2019 - Affordability constraints are applying the brakes to value growth nationwide but QV’s new data proves values are not plummeting at the rate of those across the Tasman.
Top yields in City of Sales
1 April 2019 - Investor-style apartment sale prices have taken a hit recently: does this represent an opportunity for investors? Joanna Jefferies investigates.
Decline in new investor mortgages
22 March 2019 - New mortgage registrations for investors have continued to slide over the past year, according to the latest Property Institute/Valocity Regional Insights Report.
Investors hold properties for longer
20 March 2019 - Public perception has it that investors spend their time flipping properties on a regular basis but new analysis shows they hold properties for longer than other buyers.
CGT threat barely dents market confidence
15 March 2019 - Confidence in the market remains solid among both residential and commercial property owners – despite the threat of a capital gains tax.
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.
Revisiting apartments
11 March 2019 - Kiwis are traditionally resistant when it comes to buying and living in apartments but the time is right for investors to take a fresh look at them as an investment option.
Regions driving value growth
6 March 2019 - Values continue to bubble up in New Zealand’s more affordable regions but the latest QV data shows just how much heat has come out of the broader market.
Auckland sales lowest in 10 years
4 March 2019 - Property sales in Auckland reached new lows in February while prices were also down, according to Barfoot & Thompson’s latest data.
Garden City gears up
4 March 2019 - A plateau in values and rents has been a feature of the southwest Christchurch market for some time, but this year the market looks on the up, writes Joanna Jefferies.
NZ market more secure than Australia’s
1 March 2019 - Stability reigns in New Zealand’s property market which leaves it in a much better place than Australia’s, new data from Realestate.co.nz shows.
Scope of CGT likely to narrow
26 February 2019 - Government assurances that they are not bound by the Tax Working Group’s recommendations are increasing concerns that a capital gains tax will be applied to rental properties alone.
Outrage over CGT recommendation
21 February 2019 - Introducing a capital gains tax on rental properties will have a detrimental effect on both the rental market and house prices in the long-term, property investors warn.
The DIY landlords
18 February 2019 - INVESTOR PROFILE: One young Masterton couple have amassed a portfolio with 13 income streams in four years and their story proves that the DIY route is a strategy to seriously consider.
A good time to buy?
15 February 2019 - There’s slowing price growth and subdued sales nationwide – and yet a new survey shows the number of people who think it’s a good time to buy a house is at a five and a half year high.
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.
Song of subdued values remains the same
13 February 2019 - New data from QV leaves little doubt that property value growth is slowing around the country, but that doesn’t mean a major decline is coming.
No let-up in affordability issues
12 February 2019 - Housing affordability has improved in New Zealand’s most expensive regions but it’s deteriorating on a nationwide basis.
Altered landscape for investors
7 February 2019 - This year’s Squirrel property investors’ survey reveals that uncertainty over government policy changes reigns supreme and that’s impacting on how investors go about their business.
Super City sales up, prices down
5 February 2019 - Acceptance that Auckland is now a buyer’s market has set in as Barfoot & Thompson’s latest data reveals a modest start to the year.
Harbourside metropolis
4 February 2019 - Strong economic and population growth and a tight rental market mean Tauranga remains an appealing option for investors, writes Miriam Bell.
Regional prices hit record highs
1 February 2019 - A lack of housing stock on the market is the driving force behind a slew of record high asking prices in markets around the country.
NZ market out of step with Australia’s slump
31 January 2019 - New Zealand’s housing market might be cooling but it’s in sync with global trends – unlike the Australian market’s dramatic decline, according to a major bank.
It’s a capital gains waiting game
30 January 2019 - Introduction of a capital gains tax might be closer than ever before but many in the property investment sector have made sure to strongly voice their opposition.
Wellington rents highest in NZ
23 January 2019 - There’s been a changing of the guard in the rent stakes with Wellington overtaking Auckland as the city with the highest rents in the country.
Strategies for new investors
21 January 2019 - Whether you want to dip your toe into the market or jump right in, it pays to find out all about the top strategies for new investors.
Foreign buyer ban bites
18 January 2019 - Recent housing market data suggests the foreign buyers ban is biting – although the price impact remains uncertain, according to Westpac’s chief economist.
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.
Drama absent from market
16 January 2019 - There’s been no dramatic changes to property values of late and the traditional holiday season slowdown is likely to be one of the reasons.
Time of change: 2019 forecast
15 January 2019 - New Zealand’s property market might be in a better place than Australia’s but investors still need to brace themselves for major change in 2019.
Strong growth in provinces
14 January 2019 - Property prices in provincial markets ended 2018 strongly – in stark contrast to the main centres where stabilisation is the name of the game.
COMMENT: How to fix the housing crisis
10 January 2019 - Dealing with the housing “crisis” doesn’t need rocket science, just a clearly articulated set of steps and fast action, argues property commentator Ashley Church.
Auckland property market edges towards first price decline in a decade
7 January 2019 - The Auckland property market ended the year edging towards its first decline in prices for 10 years, Barfoot and Thompson says.
Time for a sea change
7 January 2019 - Nelson-Tasman is famed for its lifestyle attractions but its solid price growth and tight rental market make it a good option for investors too, writes Miriam Bell.
The outlook for 2019
3 January 2019 - 2019 is set to be a year of massive change as the Government’s suite of housing and tax policies start to bed in. Here’s what property market commentators have to say on the coming year…
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.
2018’s best performing suburbs
20 December 2018 - Curious to know which of New Zealand’s suburbs has turned in the top results in measures like value growth and rental yields? A new report tells all.
Landlording like a parent
17 December 2018 - INVESTOR PROFILE: NZPIF 2018 landlord of the year Leilani Driessen says landlording has parallels to parenting and being a landlord has enabled her to be present for her kids.
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.
New record for Wellington prices
10 December 2018 - Wellington asking prices hit a new high in November – for the third month in a row, according to new Trade Me Property data.
Sales surge up in Super City
5 December 2018 - Concerns that Auckland might soon follow the Sydney and Melbourne markets in their downward spiral should be alleviated by new Barfoot & Thompson data.
Queenstown price chill post-ban
3 December 2018 - The Central Otago-Lakes District could be feeling the effects of the foreign buyer ban with new data showing a sharp drop in the region’s average asking price.
LVR easing will prompt modest growth
28 November 2018 - Don’t expect the housing market to take off at a runaway pace following the Reserve Bank’s announcement that the LVR restrictions will be eased from early next year.
LVR restrictions eased for investors
28 November 2018 - The Reserve Bank has today loosened the LVR restrictions for both investors and owners-occupiers, with changes coming into effect in January.
Spring magic makes for price rises
20 November 2018 - Prices are on the rise around the country with every region seeing a year-on-year increase in October, Trade Me Property’s latest data reveals.
Rates fall boosting housing market - Westpac
15 November 2018 - Mortgage rates have fallen to record lows recently and the housing market is perking up as result – but it won’t last, Westpac’s chief economist says.
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.
Taking the plunge
13 November 2018 - INVESTOR PROFILE: Kids TV presenter Walter Neilands had a fear of diving into property investment, but with the help of key mentors he’s built a portfolio of high-yielding properties.
House buyer sentiment hits 5 year high
12 November 2018 - Growing numbers of New Zealanders think the times are improving for those wanting to buy a house, ASB’s latest Housing Confidence Survey shows.
