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Property Market Stories - Page 13

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Have yields peaked with OCR raises?
Supply Chain

Have yields peaked with OCR raises?

Property investors may see yields stabilise soon, as the Reserve Bank of New Zealand signals its Official Cash Rate has peaked and cuts loom.

By Michael Curreen • 5 min read • Tue, 6th Jun 2023
Positive sentiment in CBD office markets
Hybrid & Remote Work

Positive sentiment in CBD office markets

Prime CBD office space is tightening in Auckland and Christchurch, while Wellington rents rise despite a temporary vacancy jump.

By Michael Curreen • 7 min read • Wed, 31st May 2023
Lifestyle properties follow wider market trends
Inflation

Lifestyle properties follow wider market trends

Sales have fallen sharply from last year’s peak as higher interest rates and broader uncertainty cool New Zealand’s lifestyle property market.

By Michael Curreen • 4 min read • Mon, 29th May 2023
‘Green shoots’ emerge in declining property market
Bank of New Zealand

‘Green shoots’ emerge in declining property market

First home buyers are showing renewed interest as easing lending rules and softer prices create opportunities in New Zealand’s slow market.

By Michael Curreen • 5 min read • Fri, 12th May 2023
New listings lowest on record for April
Property Market

New listings lowest on record for April

Potential sellers are holding back as tight credit and uncertain interest rates drive April new listings to record lows nationwide.

By Michael Curreen • 4 min read • Mon, 1st May 2023
Reserve Bank proposing to ease LVR restrictions
Bank of New Zealand

Reserve Bank proposing to ease LVR restrictions

First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.

By Michael Curreen • 3 min read • Fri, 28th Apr 2023
The beginning of the end of NZ’s house price downturn?
GFC

The beginning of the end of NZ’s house price downturn?

Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.

By Michael Curreen • 3 min read • Thu, 20th Apr 2023
Two regions buck downward trend in latest property figures
Northland

Two regions buck downward trend in latest property figures

National prices kept falling in March, but the West Coast and Southland posted annual gains as sales slowed and homes stayed longer on the market.

By Michael Curreen • 5 min read • Tue, 18th Apr 2023
Industrial property’s appeal continues
Supply Chain

Industrial property’s appeal continues

Vacancy remains near record lows as demand keeps industrial property attractive to investors, even as rising costs slow new development.

By Michael Curreen • 5 min read • Mon, 10th Apr 2023
Is the housing market a casualty of the Reserve Bank’s war on inflation?
Bank of New Zealand

Is the housing market a casualty of the Reserve Bank’s war on inflation?

Mortgage rates may already be near their peak, but new borrowers still face tough affordability tests and repricing pressure for months.

By Michael Curreen • 4 min read • Wed, 5th Apr 2023
Auckland CBD’s Skyworld complex up for sale
Auckland University of Technology

Auckland CBD’s Skyworld complex up for sale

Vacancy and redevelopment plans have cut Skyworld’s annual income to GBP £2.3 million, but the site could be reshaped into a major mixed-use precinct.

By Michael Curreen • 4 min read • Thu, 30th Mar 2023
How has Cyclone Gabrielle impacted the housing market?
Disaster Recovery

How has Cyclone Gabrielle impacted the housing market?

Sales and listings fell sharply in cyclone-hit regions, even as nationwide housing stock returned to more normal levels in February.

By Michael Curreen • 4 min read • Tue, 14th Mar 2023
Wellington tops Australasian office markets
Property Market

Wellington tops Australasian office markets

Government demand and a flight to quality have left Wellington’s CBD with the lowest office vacancy among major Australasian markets at 5.4%.

By Michael Curreen • 5 min read • Sun, 12th Mar 2023
Interest deductibility changes hitting rental market
Property Market

Interest deductibility changes hitting rental market

Rising borrowing costs and tax changes are pushing more landlords to lift rents or exit the residential market, a survey found.

By Michael Curreen • 2 min read • Mon, 6th Mar 2023
One in four vendors make a loss on apartments
GFC

One in four vendors make a loss on apartments

Higher interest rates and softer prices left apartment owners hardest hit, with a quarter of Q4 resales in loss and median losses at a decade high.

By Michael Curreen • 3 min read • Tue, 21st Feb 2023
Property market steadying as buyers emerge
Bank of New Zealand

Property market steadying as buyers emerge

Higher rates and recession fears are keeping sales weak, but buyers are reappearing as inventory swells and price falls slow.

By Michael Curreen • 9 min read • Tue, 14th Feb 2023
Are property investors out for the count?
National Party

Are property investors out for the count?

Weak market conditions and higher borrowing costs have driven mortgaged property investors to near-record lows, though cash buyers are still active.

By Michael Curreen • 4 min read • Tue, 7th Feb 2023
Will the election have an impact on property market activity?
New Zealand Labour Party

Will the election have an impact on property market activity?

Uncertainty over tax and housing policy could briefly slow residential sales, though commercial activity is likely to stay driven by rates and inflation.

By Staff Writer • 4 min read • Mon, 6th Feb 2023