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Property Market Stories - Page 14

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Accelerated commercial activity expected in 2023
Hybrid & Remote Work

Accelerated commercial activity expected in 2023

Volatile interest rates could push owners and investors back into the commercial property market, with prime sales tipped to lift from Q2.

By Michael Curreen • 4 min read • Tue, 24th Jan 2023
QV releases predictions for 2023 property market
GFC

QV releases predictions for 2023 property market

Higher borrowing costs and recession fears are expected to keep New Zealand house values under pressure through 2023, QV says.

By Michael Curreen • 15 min read • Fri, 20th Jan 2023
Waikato pleading for more rentals
Hybrid & Remote Work

Waikato pleading for more rentals

Rental shortages are forcing some first-home buyers to purchase sooner, as Waikato’s population growth and housing demand outstrip supply.

By Michael Curreen • 4 min read • Wed, 18th Jan 2023
What were 2022’s top performing suburbs?
GFC

What were 2022’s top performing suburbs?

Higher mortgage rates and tighter lending rules have left New Zealand’s housing market weaker than expected, with sales at a 12-year low.

By Michael Curreen • 6 min read • Tue, 10th Jan 2023
Higher mortgages create hesitant housing market
Bank of New Zealand

Higher mortgages create hesitant housing market

Rising borrowing costs are keeping buyers on the sidelines as New Zealand sales fall 36.1% year on year and prices soften.

By Michael Curreen • 8 min read • Tue, 13th Dec 2022
‘One bright light’ amidst housing market downturn
Bank of New Zealand

‘One bright light’ amidst housing market downturn

Sales rose nearly 8% in November, offering a rare sign of resilience as New Zealand’s median house price fell 12.4% year on year.

By Michael Curreen • 3 min read • Mon, 12th Dec 2022
Commercial property market snapshot Q4 2022
Sustainability

Commercial property market snapshot Q4 2022

Vacancy and rents are diverging sharply as investors favour prime offices, while retail footfall and industrial demand remain uneven across New Zealand.

By Michael Curreen • 5 min read • Sun, 11th Dec 2022
Wellington at ‘epicentre’ of property downturn
Bank of New Zealand

Wellington at ‘epicentre’ of property downturn

Mortgage holders may welcome easing nationwide declines, but Wellington is still leading the slump, with Porirua posting the steepest falls.

By Michael Curreen • 5 min read • Wed, 30th Nov 2022
Rising OCR sees borrowers look beyond big banks
Bank of New Zealand

Rising OCR sees borrowers look beyond big banks

Higher borrowing costs are pushing first-home buyers towards brokers as the Reserve Bank lifts the Official Cash Rate to 4.25%.

By Michael Curreen • 2 min read • Wed, 23rd Nov 2022
Aussie developer drops Auckland skyscraper project
Property Market

Aussie developer drops Auckland skyscraper project

The move leaves Auckland’s tallest tower site back on the market as ICD Property refocuses on Australian projects amid a weaker global economy.

By Michael Curreen • 1 min read • Fri, 18th Nov 2022
Higher buyer interest not reflected in housing market activity
Bank of New Zealand

Higher buyer interest not reflected in housing market activity

Higher interest rates are cooling New Zealand’s housing market, with sales down 34.7% and buyers hesitant despite more enquiries.

By Staff Writer • 10 min read • Mon, 14th Nov 2022
House prices not going up any time soon
GFC

House prices not going up any time soon

Further official rate rises are likely to keep mortgage costs high and delay any rebound in New Zealand’s housing market.

By Michael Curreen • 8 min read • Tue, 1st Nov 2022
Early collaboration ‘key to build-to-rent success’
Brightstar

Early collaboration ‘key to build-to-rent success’

Projects risk missing tenants and returns unless developers align design and operations from the outset, a UKO co-founder says.

By Michael Curreen • 1 min read • Mon, 24th Oct 2022
Volatility and vulnerability in the rural property sector
Supply Chain

Volatility and vulnerability in the rural property sector

Farm sales have fallen sharply as higher costs, volatile weather and policy pressure weigh on rural confidence across New Zealand.

By Michael Curreen • 8 min read • Wed, 19th Oct 2022
Spring sees slight uptick in property market
Inflation

Spring sees slight uptick in property market

Higher rates and living costs are keeping sales subdued, even as more first-home buyers and bidders return to spring open homes.

By Michael Curreen • 2 min read • Wed, 12th Oct 2022
Six floors of office space released in Wellington
Digital Transformation

Six floors of office space released in Wellington

Tenants including EY and Fujitsu are moving into a seismically resilient six-storey building, lifting Wellington’s office supply by 10,049sqm.

By Michael Curreen • 3 min read • Sun, 9th Oct 2022
Is industrial property still top of the pops?
Agricultural Technology

Is industrial property still top of the pops?

Vacancies are at multi-year lows nationwide as booming logistics demand and tight land supply push industrial rents and values higher.

By Michael Curreen • 5 min read • Thu, 6th Oct 2022
School zones now a bigger real estate consideration
Property Market

School zones now a bigger real estate consideration

Desirable school zones are propping up prices and fuelling buyer demand as families hunt for homes with stronger future resale prospects.

By Michael Curreen • 2 min read • Thu, 29th Sep 2022
Reputations will be won or lost on climate change transparency
Sustainability

Reputations will be won or lost on climate change transparency

Most New Zealanders want flood-risk homes disclosed, as a survey warns opaque climate messaging could damage trust across property markets.

By Michael Curreen • 5 min read • Mon, 26th Sep 2022